Chitkara Business School has received A5 band rank by Business Standard. The methodology for the Business Standard B-School Survey uses a combination of self-audit by the institutes and an external rating by industry. The final ranking of the business schools that have participated this year has been obtained by arriving at a weighted composite score comprising the audit index and the perception index. The audit index is calculated by B-schools based on a self-audit (with appropriate back-checks) on six different parameters. The perception index is a weighted number calculated by combining ratings from alumni and HR professionals in the business. Based on the recommendations of an expert group, each parameter has been given a different weight.
The final scores are used to classify business schools in different categories. The categorisation has been done after analysing the distribution of the final scores and the inflection points on this distribution curve. After the categorisation, percentile scores have been calculated for each parameter. Business schools in each category have been placed in an alphabetical order.
Business Standard B-School Survey assigned each parameter a different weightage based on the direction of an expert committee. The scores represent the percentile scores for all the six parameters of the audit module and the perception module. The categorisation was done after analysing the distribution of the final scores and the inflection points on this distribution curve. After the categorisation, percentile scores were calculated for each parameter.
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