Study MBA in India

Grading and Evaluation

It is a well known fact that Indian business schools vary widely in terms of faculty, curriculum, infrastructure and placement records. This includes schools such as the IIMs, the Indian School of Business, Xavier Labour Relations Institute and Management Development Institute among others.

While Indian magazines such as BusinessWorld, Business Today, and Outlook regularly publish surveys and rankings on Indian business schools in collaboration with research agencies such as Synovate, Nielson, and Cfore, there is much controversy surrounding these rankings and the research methodologies.

For the first time ever, CRISIL (Credit Rating and Information Services of India Ltd), a credit rating agency, has launched a grading exercise for business schools in the country. The agency has graded 24 management programs so far.

Hetal Dalal, head of CRISIL ratings explains: “CRISIL believes that there is an urgent need for a credible, independent, and reliable opinion on the quality of programs offered by business schools. CRISIL’s grading scale will reflect the ability of business schools to impart quality education, and achieve desired student outcomes, through the graded programs. With this initiative, CRISIL hopes to enhance transparency in the sector, help students and other stakeholders make informed decisions, enable business schools to adopt best practices, and support the government in its mission of nurturing quality education in India.”