BT B-School Rankings - a big farce ?

Well, I'm no expert, but Prof. Madhukar Shukla surely is.

Many have commented on how warped the BT rankings are, how biased etc, etc. Prof has assembled all those grumblings and actually evaluated the merits (oops, none of those) & demerits of the survey.

B-School Ranking Survey gets "F" Grade

I just love his parting salvo "I guess there is a time one should maintain a stoic calm, give up one's attempts to make sense out of glossy charts and bar-diagram, and feel grateful that in any decent B-School, such a survey will get an 'F' grade."

He wrote on this topic last year too, when the surveys came out
"B-School Surveys" Misguide....Period!!!

and

Whither B-School Rankings!

He says : Their 2-stage methodology is interesting:

Stage 1: How do you shortlist the 30 B-schools to be ranked?
Just ask

101 MBA aspirants (out of more than 100,000 who sat for CAT, and more than 50,000 who appeared for XAT), and

75 recruiters (sample: "a mix of managers from companies with revenue less than Rs 500 crore and more than 500 crore" - so precise!!!)

Stage 2: And how do you arrive at the magical rankings?
Interview another 108 current MBAs, 88 young executives and 77 functional heads

Total Sample for survey: 449
(they ranked almost 1000 B-schools in the country!!!)