Global MBA Rankings 2018 By Financial Times

Business school rankings, including MBA, MSC, and European MBA rankings from the Financial Times. Explore the newly-released FT Global University Rankings; Global MBA Rankings 2018 to find out which business schools top the list and find the right MBA program(s) for you.

FT Global MBA Ranking 2018 – Methodology and Key

From salaries to career progression, find out how the table was compiled. This ranking features the world’s best 100 full-time MBA programmes. A total of 155 schools took part in the 2018 edition. All participating schools meet the FT’s entry criteria, including being accredited by Equis or the AACSB.

The FT surveys alumni three years after completing their MBA. For schools to enter the ranking calculations, the FT requires that a minimum of 20 per cent of alumni reply to the survey, with at least 20 fully completed responses. About 8,300 from the class of 2014 completed their survey — a response rate of 38 per cent.

The ranking has 20 different criteria. Alumni responses inform eight criteria that together contribute 59 per cent of its weight. Eleven criteria are calculated from school data, accounting for 31 per cent of the ranking. KPMG audits a number of schools every year. The remaining criterion, the research rank, counts for 10 per cent.

Alumni-informed criteria are based on the data collected over three years. Responses from the 2018 survey carry 50 per cent of total weight and those from 2017 and 2016, 25 per cent each. If only two years of data are available, the weighting is split 60:40 if data are from 2018 and 2017, or 70:30 if they are from 2018 and 2016. For salary figures, the weighting is 50:50 for two years’ data.

The first two alumni criteria are average income three years after graduation and salary increase compared with pre-MBA salary, both weighted at 20 per cent. For the latter, half of the weight applies to the absolute increase and half to the percentage rise (published). Salaries are converted to US dollars using October 2017 International Monetary Fund purchasing power parity rates.

The salaries of non-profit and public sector workers and full-time students are removed, as are the highest and lowest salaries from each school, to calculate a normalised average. Finally, salaries are weighted to reflect differences between different sectors.

“Value for money” for each school is calculated by dividing their average alumni salary three years after graduation by their MBA’s total cost, including tuition, opportunity cost and other expenses. Any financial help given to alumni is subtracted from the total.

The FT also collects information from schools on their current faculty, newly enrolled students and the latest graduating class. School criteria include the diversity of staff, board members and students by gender, nationality and the MBA’s international reach. For gender criteria, schools with a 50:50 composition score highest.

“PhD graduates” is the only school criteria to be based on three years of data. All other criteria are based on the latest data available.

The research rank is based on the number of articles by full-time faculty in 50 internationally recognised academic and practitioner journals. The rank combines the number of publications from January 2015 to August 2017, with the number weighted relative to faculty size. The list of journals used for this criterion was updated and increased from 45 to 50, following a consultation with business schools in June 2016.

The FT Global MBA ranking is a relative listing. Schools are ranked against each other by calculating a Z-score for each criterion. The Z-score is a statistic that shows where a score lies in relation to the mean. These scores are then weighted as outlined in the ranking key and added together for a final score.

After removing schools that did not meet the response rate threshold from the alumni survey, a first version is calculated using all remaining schools. The school at the bottom is removed and a second version is calculated and so on until they reach the top 100. The top 100 schools are ranked accordingly to produce the 2018 list.

MBA Key

  • Weights for ranking criteria are shown in brackets as a percentage of the overall ranking).
  • Salary today – average alumnus salary three years after graduation, US$ PPP equivalent. This figure is not used in the ranking.
  • Weighted salary (20) – average alumnus salary three years after graduation, US$ PPP equivalent, with adjustment for variations between sectors.
  • Salary increase (20) – average difference in alumni salary from before the MBA to now. Half of this figure is calculated according to the absolute salary increase and half according to the percentage increase relative to pre-MBA salary.
  • Value for money (3) – calculated using salary today, course length, fees and other costs, including lost income during the MBA.
  • Career progress (3) – calculated according to changes in the level of seniority and the size of company alumni work in now, compared with before their MBA.
  • Aims achieved (3) – the extent to which alumni fulfilled their stated goals or reasons for doing an MBA.
  • Careers service (2) – effectiveness of the school careers service in terms of career counselling, personal development, networking events, internship search and recruitment, as rated by their alumni.
  • Employed at three months (2) – percentage of the most recent graduating class who had found employment or accepted a job offer within three months of completing their studies. The figure in brackets is the percentage of the class for which the school was able to provide employment data and is used to calculate the school’s final score in this category.
  • Alumni recommend (2) – calculated according to selection by alumni of three schools from which they would recruit MBA graduates.
  • Female faculty (2) – percentage of female faculty.
  • Female students (2) – percentage of female students on the full-time MBA.
  • Women on board (1) – percentage of female members on the school’s advisory board.
  • International faculty (4) – calculated according to the diversity of faculty by citizenship and the percentage whose nationality differs from their country of employment — the figure published in the table.
  • International students (4) – calculated according to the diversity of current MBA students by citizenship and the percentage whose nationality differs from the country in which they study — the figure in the table.
  • International board (2) – percentage of the board whose citizenship differs from the country in which the school is based.
  • International mobility (6) – based on alumni citizenship and the countries where they worked before their MBA, on graduation and three years after.
  • International course experience (3) – calculated on whether the most recent graduating class completed exchanges, research projects, study tours and company internships in countries other than where the school is based.
  • Languages (1) – number of extra languages required on graduation.
  • Faculty with doctorates (5) – percentage of full-time faculty with a doctoral degree.
  • PhD graduates (5) – number of doctoral graduates from each business school during the past three years. The figure in brackets is the number of these graduates who took up faculty positions at a top 50 full-time MBA school.
  • FT research rank (10) – calculated according to the number of articles published by current full-time faculty members in 50 selected academic and practitioner journals between January 2015 and August 2017. The FT50 rank combines the absolute number of publications with the number weighted relative to the faculty’s size.
  • Schools with a 50:50 (male/female) composition receive the highest possible score in the three gender-related criteria.
  • Includes data for the class of 2014 and one or two preceding classes where available. Graduated between July 2016 and June 2017.
  • Judith Pizer of Jeff Head Associates acted as the FT’s database consultant. The FT research rank was calculated using Scopus, an abstract and citation database of research literature.

 

 
 
Rank in 2018
3 yr. rank
School name
Country
Weighted salary($)
Salary increase(%)
1 3 Stanford Graduate School of Business US 214,742 114
2 1 InseadFeatured business school France / Singapore 177,157 105
3 3 University of Pennsylvania: Wharton US 190,826 96
4 4 London Business SchoolFeatured business school UK 167,897 109
5 4 Harvard Business School US 192,133 102
6 8 University of Chicago: Booth US 174,153 118
7 7 Columbia Business School US 177,680 103
8 12 Ceibs China 162,858 168
9 10 MIT: Sloan US 173,095 98
10 10 University of California at Berkeley: Haas US 176,167 104
11 12 Iese Business SchoolFeatured business school Spain 148,480 126
12 12 Northwestern University: Kellogg US 168,608 103
13 9 University of Cambridge: Judge UK 162,143 100
14 14 HKUST Business School China 158,119 112
15 16 Yale School of Management US 166,458 114
16 19 Dartmouth College: Tuck US 170,706 110
17 25 Cornell University: Johnson US 161,029 123
18 25 National University of Singapore Business School Singapore 143,917 134
19 21 Duke University: Fuqua US 156,876 101
20 20 Esade Business SchoolFeatured business school Spain 143,542 119
21 19 HEC ParisFeatured business school France 135,858 105
22 25 Nanyang Business SchoolFeatured business school Singapore 132,288 125
23 20 New York University: Stern US 153,182 107
24 19 IMD Switzerland 156,908 79
25 30 UCLA: Anderson US 160,487 107
26 23 University of Michigan: Ross US 153,938 114
27 29 University of Oxford: Saïd UK 145,537 99
28 28 Indian School of Business India 148,974 164
29 25 SDA Bocconi Italy 120,151 117
30 38 Georgetown University: McDonough US 141,008 113
31 28 Indian Institute of Management Ahmedabad India 175,801 101
32 31 University of Virginia: Darden US 151,257 110
33 39 University of Hong Kong China 128,245 121
34 36 Shanghai Jiao Tong University: Antai China 121,635 182
35 49 Indian Institute of Management Bangalore India 166,651 114
36 35 Alliance Manchester Business SchoolFeatured business school UK 125,243 98
37 37 Rotterdam School of Management, Erasmus UniversityFeatured business school Netherlands 121,538 88
37 40 University of North Carolina: Kenan-Flagler US 139,456 116
39 Renmin University of China School of Business China 100,003 173
40 37 Carnegie Mellon: Tepper US 143,151 108
41 44 Warwick Business School UK 110,264 77
42 Fudan University School of Management China 103,032 175
43 35 CUHK Business School China 122,866 108
44 46 University of Texas at Austin: McCombs US 148,978 98
45 54 Rice University: Jones US 139,189 118
46 40 City University: Cass UK 121,964 80
47 51 Emory University: Goizueta US 142,989 114
48 46 University of Washington: Foster US 132,391 94
49 Singapore Management University: Lee Kong Chian Singapore 112,173 134
50 66 Washington University: Olin US 122,709 107
51 Arizona State University: Carey US 114,470 129
51 44 Imperial College Business SchoolFeatured business school UK 118,324 68
51 58 Sungkyunkwan University GSB S Korea 113,701 93
54 62 Georgia Institute of Technology: Scheller US 131,544 140
55 Purdue University: Krannert US 122,704 119
55 53 University of Maryland: Smith US 120,908 99
57 53 Indiana University: Kelley US 127,942 114
58 University of Florida: Hough US 105,743 147
59 53 University of Southern California: Marshall US 137,960 95
60 60 University of St Gallen Switzerland 115,879 64
61 55 Mannheim Business SchoolFeatured business school Germany 118,260 68
61 57 Cranfield School of ManagementFeatured business school UK 121,580 72
63 61 AGSM at UNSW Business SchoolFeatured business school Australia 115,909 59
64 61 University of California at Irvine: Merage US 120,245 114
64 68 Durham University Business SchoolFeatured business school UK 104,306 118
66 76 Melbourne Business School Australia 108,084 78
67 72 Boston College: Carroll US 130,706 101
68 69 Ohio State University: Fisher US 117,631 130
68 71 Brigham Young University: Marriott US 130,904 131
70 49 Lancaster University Management School UK 104,106 95
71 68 Wisconsin School of Business US 125,289 107
72 65 Michigan State University: Broad US 109,486 135
73 74 Vanderbilt University: Owen US 127,483 109
73 87 University of Edinburgh Business School UK 113,420 79
75 78 Edhec Business School France 107,505 79
75 84 Pennsylvania State University: Smeal US 119,673 119
77 71 University of Notre Dame: Mendoza US 125,853 117
78 Indian Institute of Management Calcutta India 139,244 117
78 McGill University: Desautels Canada 99,204 86
80 63 The Lisbon MBA Portugal 113,470 75
81 86 Babson College: Olin US 131,611 99
82 88 University of Pittsburgh: Katz US 105,732 133
83 82 University of Rochester: Simon US 119,410 125
84 University of Connecticut School of Business US 116,530 118
85 81 University of Minnesota: Carlson US 117,480 91
86 70 University of Toronto: Rotman Canada 97,210 77
86 80 Boston University: Questrom US 123,221 103
88 74 ESMT BerlinFeatured business school Germany 106,581 57
89 Rutgers Business School US 118,144 112
90 91 Western University: Ivey Canada 103,975 74
91 SMU: Cox US 122,109 104
92 Leeds University Business SchoolFeatured business school UK 100,049 92
93 University of Texas at Dallas: Jindal US 97,708 108
94 WHU BeisheimFeatured business school Germany 112,794 54
94 81 University College Dublin: Smurfit Ireland 102,643 63
96 Essec Business School France 102,201 48
97 University of San Diego School of Business Administration US 103,952 109
98 80 University of Strathclyde Business SchoolFeatured business school UK 91,814 86
99 EMLyon Business School France 92,517 59
100 Copenhagen Business SchoolFeatured business school Denmark 91,807 44
100 University of Bath School of Management UK 93,461 66

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