India, Oct. 12 -- Four Indian business schools have found a place in LinkedIn's rankings of the world's top 20 MBA programs. Only one has made it to the top 10 - and it is not the Indian Institute of Management (IIM) Ahmedabad, typically considered first among equals when it comes to the country's top management institutes.

Unlike many other similar rankings, LinkedIn's list is based on real-world data which analyses how many graduates of a particular program get placed, promoted, and become C-suite executives.

While publishing the MBA program rankings on September 15, LinkedIn explained: "The ranking is entirely based on real outcomes of alumni from these programs, looking at metrics like how graduates land jobs post-MBA, move up the c...