IIM Indore Secures 3rd Rank in Central Asia and 1st in the 4 Palmes Category in Eduniversal Rankings 2024

IIM Indore Secures 3rd Rank in Central Asia and 1st in the 4 Palmes Category in Eduniversal Rankings 2024   
Remarkable Surge in Dean’s Vote Score from 136% to 358% Reflects Growing Global Influence and Impact

Indian Institute of Management Indore (IIM Indore) has achieved the 3rd rank in Central Asia and the 1st rank in the 4 Palmes of Excellence category in the Eduniversal Rankings 2024, reinforcing its standing as a leader in global business education. Furthermore, IIM Indore’s Dean’s Vote score has seen an impressive rise from 136% in 2023 to 358%, highlighting the growing recognition and influence of the institute on the global stage. The prestigious accolade was received by Prof. Himanshu Rai, Director, IIM Indore, at the grand Eduniversal World Convention held in Guadalajara, Mexico, on November 21, 2024. The award, conferred during the iconic Palmes of Excellence Ceremony, recognizes institutions that demonstrate unparalleled international influence and impact in academia, leadership, and research. Among the 1,000 best business schools across 153 countries and nine geographical zones, including Africa, Central Asia, Central & Eastern Europe, Eurasia & the Middle East, Far East Asia, Latin America, North America, Oceania, and Western Europe, 74% of the deans participated in the Deans’ Vote survey, underscoring the global influence and recognition of the Eduniversal Rankings.

Prof. Rai expressed pride in the institute’s achievement, stating, “Achieving the 3rd rank in Central Asia and the 1st rank in the 4 Palmes of Excellence category is a significant milestone for IIM Indore. This recognition underscores our relentless pursuit of excellence and our commitment to shaping socially responsible leaders who drive innovation and inclusivity. As we continue to build our global presence, we now set our sights on reaching the 5 Palmes category in the near future. At IIM Indore, we are committed to upholding the highest standards in business education and empowering our students with cutting-edge knowledge and skills to thrive in a dynamic world. We ensure that our students lead with purpose and contribute meaningfully to the global business landscape. “I am even more delighted to see the top three ranks in Central Asia being claimed by IIMs – IIM Bangalore, IIM Ahmedabad, and IIM Indore taking the lead. This remarkable achievement reflects the growing influence and recognition of Indian business schools on the global stage. At IIM Indore, we are proud to contribute to this legacy and continue striving for excellence in shaping the future of business education”, added Prof. Rai.

The Eduniversal Palmes of Excellence Rankings assesses business schools across 153 countries based on rigorous qualitative and quantitative criteria, including accreditations, global partnerships, international collaborations, and peer recognition through the highly respected Deans’ Vote. IIM Indore’s third rank in Central Asia and first in the 4 Palmes of Excellence league is a result of its significant strides in global partnerships with 60 educational institutions across 24 countries, its Triple Crown Accreditation from three prestigious international accreditation agencies, namely EQUIS, AACSB and AMBA (making it only 1% of the B-Schools globally to have achieved this), and its outstanding efforts in tackling five critical global challenges: inequality, urbanization, rural development, environmental sustainability, and entrepreneurship. 

Prof. Rai emphasized, “This milestone reflects the dedication, innovation, and excellence demonstrated by our faculty, staff, participants, and alumni. It inspires us to continue pushing boundaries and contributing meaningfully to academia, industry, and society.” 

The Eduniversal Palmes of Excellence ranks business schools globally based on their influence and reputation. The 4 Palmes represent the top business schools with significant international influence and a strong global reputation. Below this, schools are ranked within the 3 Palmes, 2 Palmes, and 1 Palm categories, recognizing their impact on international, regional, or local levels.

IIM Indore is proud to be ranked 1st in the 4 Palmes category, solidifying its position as a premier business school with a growing global presence. This achievement reflects our unwavering commitment to academic excellence, international partnerships, and shaping future leaders who drive positive change in the world.

The Palmes of Excellence is evaluated against rigorous internationalization criteria developed by the Eduniversal International Scientific Committee (ISC). Composed of 11 members, including 2 Eduniversal executive members and nine independent experts with significant experience in global higher education, the ISC is responsible for the Official Selection of the Best 1,000 Business Schools worldwide and coordinates the Deans’ Vote, one of the key steps in finalizing the annual rankings. The ISC also oversees the rankings’ methodologies, performs verifications, and suggests improvements to ensure the criteria remain relevant and comprehensive. These criteria include global accreditations, consistent rankings in major global business school rankings, and active memberships in international and national academic associations. Schools are ranked within each Palme level according to the peer assessments made through the Deans’ Vote, solidifying their reputation as leaders in global business education.