What is GO?
In recent years, the National Institute of Ranking Framework (NIRF) ranking by the Ministry of Education, Government of India, has gained immense popularity among students pursuing graduation and postgraduation programs. NIRF is widely regarded as one of the most credible ranking systems followed in academia to assess the value of educational institutions or universities.
Annually, NIRF rankings assess various parameters such as Outreach & Inclusivity (OI), Public Relations (PR), and Research & Professional Practices (RPC). However, considering the cost of education today, there are quite a few salient scores that a student should consider even before filling up the application form. The predominant one should be the Graduation Outcome (GO). When faced with the dilemma of numerous institutions offering similar courses but varying fee structures, the most effective approach to overcome this challenge is to compare their GO scores in the latest NIRF ranking.
NIRF 2023 : Top 50 B Schools based on TLR
The GO score is a key indicator of an institution’s ability to provide value for students’ investment. The NIRF Rankings 2022 report states that factors such as placement opportunities, admission to PhD or higher studies, and achieving a better average salary contribute to the GO score. Therefore, students should consider institutions with higher GO scores as they are directly proportional to value for money.
Graduation Outcome of IFMR GSB
Among the very few institutions across the country that consistently score above 80 in GO over the past five years is IFMR Graduate School of Business, Krea University. In 2023, IFMR GSB achieved a remarkable score of 85.21, securing the 7th position among private business schools nationwide. This significant climb from the 10th
position in 2021 to the 7th spot in 2023 demonstrates the institution’s commitment to ensuring a favourable return on investment for its graduating students.
The GO score primarily measures the success of students after graduation and serves as an indicator of an institution’s competence to prepare students for the industry demands. Therefore, instead of focusing solely on overall rankings, students should prioritise the GO score when considering institutions to apply or join.
Placement – The Top Criteria
Placement opportunities consistently rank as the top criteria for students when choosing a business school. Prospective students often inquire about the companies that visit a campus to recruit students. IFMR GSB’s consistent and exceptional GO scores over the past five years can be attributed to the concerted efforts made by the management and the placement team to enhance the average salary year after year.
In the academic year 2022, IFMR GSB achieved an average CTC of Rs. 11.21 LPA (lakhs per annum). However, in 2023, the average CTC witnessed a significant increase of 20.47%, reaching Rs. 13.50 LPA. This growth is particularly noteworthy considering the economic slowdown and pandemic challenges. READ More
Top 100 B Schools – based on ‘Graduate Outcome’ scores and overall NIRF Ranking
The surge in average salaries is a result of the management’s and placement team’s dedicated efforts to attract new companies to the campus. “In 2023 alone, we brought 25 new companies. Not all the companies that came the first time would recruit students right away; however, 14 of them did this year. We are happy with our yield,” says Professor Nagarani M, Head, Corporate Relations & Career Services, and Associate Professor in OB & HR at IFMR GSB.
Achieving 100% placement has become a standard expectation for business schools. Recognising the demands and expectations of students, the institution places a strong emphasis on internships. To ensure students are well-prepared for the corporate world, IFMR GSB provides a two-month internship opportunity at the end of the first year of the MBA programme.
In 2023, 45 companies from various industries visited IFMR GSB to offer internships to students. During these internships, students are mentored on various aspects, including organisational behaviour and navigating power dynamics. The students received an average stipend of over Rs. 21,000, with the highest stipend reaching Rs. 1,00,000. This demonstrates the valuable contributions made by IFMR GSB students during their internships.
Prof Lakshmi Kumar, Dean and Professor of Economics at IFMR GSB, Krea University, emphasises the institution’s commitment to providing the best opportunities for all students. She states, “We are happy about the Graduation Outcome score in the NIRF ranking; however, the bottom line is to give the optimum to all the students who are getting their degree from IFMR GSB. We have come a long way while understanding the value proposition of the programme to our students. Be it placement opportunity, entrepreneurial skill or higher education platform, we keep pondering the ideas over the period and engineer the programme based on the needs and demands of the industry.”
In this competitive world, Graduation Outcomes play a critical role in influencing students’ decisions while applying for B-schools. The GO score achieved by IFMR GSB in the NIRF ranking has made the institute highly appealing to students seeking quality business education. The school’s growth trajectory is a testament to its
commitment to providing a valuable educational experience.
Prof. Dr. R.S.Sathya Saminadan, faculty at IFMR Graduate School of Business, Krea University is a multi talented personality – a professor who teaches marketing to MBA students, an author and consultant. In between his loaded schedule of classroom lectures, assignments and conducting MDPs, he has published two thrilling novels under the pen name ‘Sathya Sam’. The gripping novels made a lasting impression in the reader’s mind who are waiting for the next release.
