What do MBA rankings mean-Lexicon MILE
The early stages of researching and analyzing various B-schools and MBA programs can be tedious. These days we are seeing a steady increase in the number of colleges providing management courses. This adds to the burden of narrowing down your search to a number you could deal with. This is where the MBA rankings come to your rescue.
MBA rankings are the compilation of the MBA programs and the universities available in a certain order and ranking them based on various criteria. It aggregates most of the data about the program and gives an orderly list. They form the greatest tool for the aspirants to make a decision and shortlist their preferences.
Importance of rankings:
Not only for the students but the institutions also gain from the ranking system. They work hard to top the list. If one of their programs is compared with the top-notch institutes, their value boosts up and will be reflected in their admissions.
It essentially acts as a driving factor for the colleges to give the best quality education to keep up in the race of ranking. Without ranking, the competition may be limited thus affecting the quality upgradation.
The ranking helps understanding which school is good at providing leadership or entrepreneurship skills. You may compare based on the cost of completion of the course or campus life. It acts as an indicator for a student to choose the program or school that best suits their needs.
A good ranking also affects your resume. A graduate from a high ranking college is always preferred to those from low ranking ones in any profession.
The ranking methodology has been carried out for a very long time but the tremendous increase in popularity is seen after the blowout of internet trends. The rankings were previously subjected to premium business magazines that were not easily accessible to everyone. The Internet has opened gates for everyone to view and review the rankings. As a result, there are lots of publications who started to rank based on different criteria.
The rankings depend on what indicator the particular publication considers important and how much weight is given to each of it. The interpretation is viable only if you understand the method used in ranking and then choosing the best you need.
Some rankings are done based on the employability factor of the students graduating from the program. They may consider the average income the alumni are receiving. Some conduct surveys based on the recruiter’s preference, the overall performance of the students, student satisfaction, faculty quality, etc… Though the criteria used may seem confusing, the key is to define your goals and research the ranking based on the relevant criteria for you.
Lexicon MILE, the Management Institute of Leadership & Excellence, is ranked 29th by the Times of India and is one of the Top 50 B-Schools in all prominent Business Surveys conducted by Business Journals & Magazines like Business Standard, Business World, etc… We strive hard to give you a world-class education.
About Lexicon MILE:
The Lexicon Management Institute of Leadership & Excellence (Lexicon MILE) belongs to the rich legacy of Lexicon Group of Institutions, Pune established in the year 1999, well known and reputed in the education industry. More than 12,000 students are shaping their career under the illustrious Lexicon Group of Institutions.
Lexicon MILE, founded in the year 2009 and well known all over Pune as the Oxford of the East and its chain of Lexicon CBSE and Lexicon Kids Pre-Schools boasts of a legacy of quality and value driven education, rolled out to Punekars, over the years. Today Lexicon MILE has come a long way, in a short span of nine years, to be known as the most sought after B-School, in eastern Pune, equipped with a state of the art campus and a studio finish building with Air Conditioned and CCTV enabled facilities of Classrooms, Seminar Halls, Auditoriums, Library, Common Rooms etc.
Ranked 29th all over India by Times of India rankings of 2018 and as ranked as one of the Top 50 B-Schools in all prominent Business Surveys by Business Journals & Magazines like Business Standard, Business World etc., Lexicon MILE is a premier Management Institute known for its value-based academic excellence and world class management education, which nurtures young skills, abilities and perspectives, with defined pedagogies, resulting in the holistic development of an individual.
The Lexicon Management Institute for Leadership and Excellence has been actively engaged in creating and nurturing Management professionals who are not only the ‘Pride’ of Lexicon MILE, but also, the ‘Privilege’ of their parents and most importantly, a source of ‘Power’ to their companies.
Lexicon MILE is committed to serving our communities by recognizing the diversity of Indians. Students across the country from up North to down South, from East to West are enrolled with us, to meet their professional needs of an enriched corporate life. With a large base of Lexicon MILE alumni in the corporate today, spread across the globe, we encourage personal and professional development through value based education as a foundation for life-long learning. Lexicon MILE lives the culture of transparency and liberalism in all its initiatives.
With a rich pool of faculty both from the Academics as well as Corporate worlds, first-class quality of students, superior systems and processes that blend Indian culture and contemporary practices / policies, Lexicon MILE is today consistently rated as one of the best B-Schools in the city of Pune.
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