Stanford Graduate School of Business in California (US) recorded a notable ascent, rising from fifth place in 2016 to second, a position it last held in 2014. The Wharton School of the University of Pennsylvania (US) is in third place.
Harvard Business School (US), London Business School (LBS) (UK) and MIT Sloan School of Management (US), three of the MBA ranking’s longstanding heavyweights, all lost ground to their competitors. Harvard drops two places to fourth, the first time in nine years that the Boston school has been outside the top three. LBS falls three places to sixth, its lowest position in 14 years. MIT Sloan School of Management falls to 13th place, the first time in 10 years that it has been outside the top 10.
Judge Business School at the University of Cambridge (UK) jumps five places to fifth. Not only is it the first time it has broken into the top five, but it is also the first occasion that LBS is not the top-placed UK school in the MBA ranking.
The ranking is based on surveys of the business schools and their graduates of 2013. MBAs are assessed according to the career progression of alumni, the school’s idea generation and the diversity of students and faculty.
Stanford’s alumni have the highest salary on average at USD 195,000 but overall the top 15 MBA programmes are closely matched in terms of income, career progress, and satisfaction. All but one have average alumni salaries greater than USD 150,000, with a pay increase of about 100% compared with their pre-MBA income.
Insead is distinguished not only by its one-year programme but also a strongly international culture, based on its two campuses, and one of the most extensive and diverse alumni networks. The programme is ranked third for the international mobility of its alumni and sixth for international course experience. One alumni survey respondent from Switzerland told the FT:
Insead enormously boosted our intercultural experience. It is a place to learn global culture better than anywhere else.
US schools are rebuilding their strength in this ranking, with their number increasing to 51. This had dropped below 50 for the first time in 2016, down to 47. Six of the eight new or returning schools are from the US.
Among these six US schools, Rutgers Business School in New Jersey is the highest new entrant at 70. WP Carey School of Business at Arizona State University is the highest returning school at 57. Moore School of Business at the University of South Carolina returns at 77. Moore stands out for being top overall for international course experience. Its students spend from several months to a year overseas.
Canadian schools continue to lose ground. Only three remain in the ranking compared with five last year and all fall about six places. Among these, Rotman School of Management at the University of Toronto is the highest ranked at 65, while Smith School of Business at Queen’s University is bottom of the table in 100th place.
Australian and Spanish schools are doing well, however. Each country’s three representatives have risen up the ranking. Sydney’s Macquarie Graduate School of Management is Australia’s top placed institution at 49 and Spain’s IE Business School moved up four places to eighth, the first time since 2012 that the Madrid school is back in the top 10.
Source: The Financial Times