The objective of the
study is to examine the consistency of rankings of Indian management institutes
using the multi-criteria Technique for Order Preference by Similarity to Ideal
Solution (TOPSIS). The results of the study show that there are many
inconsistencies in the ranking methodologies for management institutes, perhaps
due to the use of subjective assessments. The parameters that were found to
play a significant role in the MINT-MBAUniverse rankings were the Cut-off mark
for entrance, the Student-Faculty ratio, Association of Master of Business
Administration (AMBA) and European Foundation for Management Development
Quality Improvement System (EQUIS) accreditations, and the Average Salary
offered in placements. On the other hand, all of the process and output
parameters are critical parameters in the TOPSIS ranking of management
institutes. Thus, the results of the TOPSIS analysis are preferable, as they
provide a ranking of the management institutes based on purely objective
parameters.
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