FT MiM Rankings 2023: Indian business schools shine for salary outcomes

Indian business schools have secured top positions for salary outcomes three years after graduation in the Financial Times Masters in Management Ranking of Global Business Schools 2023.
The Indian Institute of Management Ahmedabad topped the list with a weighted salary of $137,919. Following closely are the Indian Institute of Management Calcutta at $137,185, the SP Jain Institute of Management & Research (SPJIMR) at $131,024, and the Indian Institute of Management Lucknow at $130,782. Interestingly, HEC Paris in Europe, which secured the top spot in the global business school rankings, was placed fifth with a weighted salary of $129,806.
SPJIMR has been ranked 40th globally and first among India’s management institutes for its two-year full-time postgraduate diploma in management (PGDM). This is the fourth consecutive year in which SPJIMR has been ranked among the world’s top 50 business schools.
This achievement marks the fourth consecutive year that SPJIMR has been recognized among the world’s top 50 business schools. Additionally, the institute claimed the top spot among Indian management institutes, with the Indian Institute of Management Ahmedabad following closely at 43rd place.
As many as 11 Indian institutions, such as IIM Calcutta (60th) and IIM Lucknow (72nd), have bagged a spot in the FT Masters in Management rankings 2023. The top ranks are dominated by European institutions from countries including France, Spain and Italy.
The FT MiM rankings consider programmes offered by schools with AACSB or EQUIS accreditation, catering to participants with limited or no work experience.
The ranking criteria are categorised into specific areas including alumni career progress, school diversity, and international experience and research.
Alumni career progress focuses on post-program alumni success with 55 per cent weightage.
School diversity assesses inclusivity and diversity within the institution and carries 22 per cent weightage.
International experience and research with 23 per cent weightage highlights global exposure and research contributions.
SPJIMR also secured an eighth-place global ranking in the careers service criterion, emphasising its effectiveness in supporting student placements and facilitating exceptional career opportunities for graduates.
The institute has been ranked 32nd in the alumni network, 78th in the carbon footprint rank, 24th in ESG and net zero teaching rank and in international work mobility and internship it has been ranked 89th and 100 per cent respectively.


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