Of all industry sectors, finance is the largest employer of top MBA graduates. Among the top 50 schools in the FT’s overall MBA ranking, more than a quarter (27%) of the class of 2013 work in finance. This is 10 percentage points greater than the proportion of this year’s alumni working in consultancy, the next largest employer.

The newspaper ranked the 50 best generalist MBA programmes worldwide, based on responses of graduates working in finance three years after completing their MBA courses. The new ranking lists the full-time MBA programme of Stanford (US) as the best one for a career in finance. Harvard Business School (US) and Judge Business School (UK) ranked second and third.

Not a specialised MBA ranking

The new list is not a ranking of specialised MBAs in finance. The FT used data collected in 2016 as part of the FT 2017 Global MBA ranking and included only those schools with more than 10 alumni working in finance among the respondents. The programmes were assessed using 13 different criteria, including salary and salary increase of alumni, as well as career progression. The analysis also considered research published by the schools’ full-time faculty in five internationally recognised financial journals. The ranking took into account the overall proportion of alumni employed in finance; the proportion of those who worked in finance before their MBA and remain working in finance; and the proportion of those who did not work in finance before their MBA, but who do so now. About 27% of Stanford’s alumni work in finance. Those graduates have the highest annual salary among the top 50 schools at USD 266,000 a year, a 104% increase on their pre-MBA salary, on average. This compares with a weighted average salary of USD 160,000 a year for survey respondents, which also represents a 104% increase. In addition, Stanford’s alumni ranked top for career progress. After graduating, as many alumni leave the finance sector as move into it.

US schools with biggest representation

Darden School of Business (US) ranked 17th overall, but its graduates obtained the highest salary increase, with their annual earnings rising 151% to USD 162,000 on average. Judge Business School is best for value for money while Kelley School of Business (US), ranked 42, is best for career services. Alumni from Ross School of Business (US) have the highest satisfaction rate at 91%. Stern School of Business (US) ranked number one for its research and was fourth overall. Melbourne Business School (Australia) has the most gender-balanced cohort, with 45% of women, while all of the graduates of ESADE (Spain) were from overseas. Alumni from HEC Paris (France) are the most internationally mobile, just ahead of those from INSEAD (France). The 50 ranked schools are from 11 different countries, with more than half (27) in the US. The UK has the second-largest representation with six schools. China, with four schools, has the third-largest group.

Source: The Financial Times