With a rank of 23, the Indian School of Business (ISB) is the highest-ranked Indian B-School globally in the list of 100 top B-schools in Financial Times’ Global MBA Ranking 2021- the list was released on February 8.

The other Indian B-schools in the list of top 100 include IIM Bangalore (35), IIM Calcutta (44), IIM Ahmedabad (48), and IIM Indore (98).

This is for the first time that IIM Indore has entered the list of top 100 for the first time.

ISB, on the other hand, has improved its ranking and jumped four positions.

IIM Ahmedabad has claimed 13 places, while IIM Calcutta and Bangalore dropped two and eight spots respectively.

It may be mentioned here that the FT ranking is considered an authoritative yardstick of the quality of management studies, with businesses rating it highly.

The data used for the ranking include the three years' salaries of the alumni after they graduated, the number of research papers published in quality journals, overall satisfaction of students, and the diversity of students and faculty.

Meanwhile, INSEAD- a B-school based in France and Singapore, topped the ranking this year.

London Business School and Chicago: Booth School of Business are respectively at the second and the third position.

"Data gathering was disrupted last year by the pandemic, which led a number of US schools including Harvard, Stanford and Wharton to suspend participation," livemint.com reported quoting FT.

The data collected for the survey further revealed that IIM Calcutta performed well in career progress, female student percentage and international makeup of faculty.

It may be further mentioned here that ISB was ranked number one in India and third, in Asia.

The end results further informed that that ISB continued to progress in the weighted salary and career service rank year on year.

Being the best Indian B-school globally is a matter of sheer pride, not just for ISB but also for India as a whole.