Fine. Heard so many times about this. My ears ache now. India’s best business school. IIM’s. Oh guys... get a break.. take a life. IIM’s is good just because its in India. Allright mark my words cause its in India. What do you expect in a country of a billion people.. where 30% of the population lives below poverty line.. about only 50% of people are illiterate and where as mentioned in EIU survey, outdated by now [conducted in jan 2002](source: IIM’s website link to toi)is probably the toughest B-school in the world to be admitted in. This is because of the huge population. U couldn’t expect to get into a good B-school where the level of competition is HUGE (power infinity, yeah it would be if a probability distribution analysis is done of the chances of a guy/gal making into an iims out of a billion people in a given number of years).
So, it does not add anything new to the story. Its onsidered good because its hard to get in. OK lets view that example this way. Put IIMA in a country with a very scant population say in siberia, greeenland, iceland , sweden or for that matter say venice.. OK. Now assuming that.. it has the same faculty/infrastructure as now.. can you guys now say with the same boisterious sound and chest pounding that IIMS A is as good as it is considered. No it is not. Its not the level of competition to get into a business school that makes it good but following prime factors:
The faculty, the research work, paper published, industry networks, practicality of the course, flexibilty and adaptibility to changing business environment and yes.. no doubt to a significant extent, the quality, diversity and the background of the students.
Harvard, Wharton, MIT, Stanford, Tuck, Yale (admit on about average 12-15% of the total number of applications) are considered good not because of the illusion of ’’tough’’ to get in but because they really excel in factors mentioned in just above paragraph. They just don’t look at your CAT (GMAT & TOEFL score) score..n say.. oh this guy is really brilliant hes scored allmost 99 percentile of the total test taking students.. but because they look at the overall personality ( just not academic)of the candidate. Work experience, undergrad degree, subjects taken, extra curricular activity, socail work, leadership qualities, letter of recommendations, personal essays and so on. So its not just an aptitude test, or just another Killing GD where ur supposed to dominate over other candidates, speak the most and think ur through.(as its even now in iims). Its different.