THE Indian Institutes of Management (IIMs) have reason to cheer. The three IIMs at Bangalore, Ahmedabad and Calcutta have been listed among the top 10 in the Asia Pacific region in the recently released QS Global 200 Business Schools Report 2012. IIM-Ahmedabad is ranked second, IIM-Bangalore’s rank is fifth and IIM-Calcutta is ranked eighth.

Indian School of Business has been ranked seventh, S P Jain Institute of Management and Research is at 16 and Indian Institute of Foreign Trade at 21.

INSEAD, Singapore is number one in the region for the third consecutive year. Melbourne  Business School (University of Melbourne, Australia), NUS Business School, (National University of Singapore) and University of New South Wales were some of the other institutes that featured among the top 10 in the region. Throughout the QS Global 200 Business Schools Report, one theme in particular stands out: Indian business schools are fast gaining popularity among MBA employers. In almost all specialisation ratings, Indian schools have climbed considerably when compared to last year. This is even the case for international management, as while Indian business schools feature lower down the rating than they do in other specializations, they are still climbing and showing promise in developing a greater international outlook among their MBA graduates.