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User's Guide to Full-Time MBA Rankings

Distinctive emphasis:Employability

Business school candidates whose core focus in selecting a full-time MBA program is landing a satisfying, well-paying job after graduation may be particularly interested in the Best Business Schools 2017 rankings from Bloomberg BusinessWeek.

Bloomberg’s ranking methodology weights 35 percent of a school’s rank on the results of a survey of corporate recruiters who regularly hire recently graduated MBAs. Employer opinions are also featured in the U.S. News & World Report rankings, but weighted less (15%). The Financial Times rankings weight 2 percent to alumni opinions from a recruitment perspective.

Additional factors taken into account are salary (20% total), recent graduate opinions (15%), alumni opinions (10%), employment rate (10%), and career progress (10%, specifically in the area of job satisfaction).

Bloomberg’s ranking methodology weights 35 percent of a school’s rank on the results of a survey of corporate recruiters who regularly hire recently graduated MBAs.

How Does Bloomberg BusinessWeek Determine Its Rankings?

The Bloomberg Business Best Business Schools rankings are calculated using a mix of data collected from corporate recruiters, alumni, business schools, and recent graduates.

Overall, the methodology is weighted 30 percent to fact-based criteria and 70 percent to opinion-based criteria.

Category Metric Name Objective Weight Description
Employer opinion Employer survey No 0.35 Opinion-based data collected from a survey of corporate recruiters. Respondents rate up to 10 schools on how well graduates perform on specific qualities related to employability.
Salary Median compensation increase Yes 0.1 Average most recent annual compensation divided by annual compensation directly prior to entering the MBA program for alumni that graduated six to eight years ago.
Starting salary Yes 0.1 Starting base salary for the previous year’s class of full-time MBA graduates. Data is adjusted to control for salary variation across industries and regions. Data collected from business schools.
Career progress Job satisfaction No 0.1 Average job satisfaction of MBA alumni that graduated six to eight years ago.
Alumni opinion MBA feedback No 0.1 Alumni that graduated six to eight years ago provide opinion-based feedback on their MBA experience, particularly as it relates to their careers.
Student/recent graduate opinion Student survey No 0.15 Opinion-based feedback of the most recent graduating class on MBA program features such as campus climate, effectiveness of career services, and responsiveness of faculty and administrators. A quarter of this indicator's weight uses the previous class’s data.

Note: this indicator includes students’ rating of career services. The Bloomberg methodology does not specify what portion of the student survey is weighted to career services, so the full weight of the student survey is categorized here as student/recent graduate opinion.
Employment rate Job placement rate Yes 0.1 Employment rate three months after graduation for the previous year’s class of full-time MBA graduates. Data collected from business schools.

How much do the Bloomberg BusinessWeek rankings change year to year?

Average schools' position change

With each new edition of a ranking publication, schools’ ranking position can change. Here, the last two editions of this publication are analyzed to determine its average school position change.

Schools that appeared in both of the last two editions of the Bloomberg rankings saw their ranking position change an average of +/- 2.9 positions. This is the smallest average change among the five major publications.

Among schools ranked in the top 20 of the most recent Bloomberg ranking, their ranking position changed an average of +/- 2.2 positions from the previous edition. This is the third smallest average change in the top 20 among the five major publications.

publication Average Position Change among Top 20 Average Position Change overall
Bloomberg 2.2 2.9
The Economist 4.9 7.6
Financial Times 2.8 6.9
Forbes 2.1 3.6
USNWR 1.3 4.8
Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
Distribution of school position change

Some ranking publications see a bigger difference in results than others year to year. Here, the last two editions of rankings are analyzed to show the distribution of schools’ position changes.

In total, 86 percent of schools included in both of the last two editions of the Bloomberg BusinessWeek rankings saw their ranking position change four or fewer positions.

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
0-4 5-9 10-14 15-19 20-24 25+
0.86 0.08 0.06 0 0 0

What Schools Does Bloomberg BusinessWeek Include?

Each ranking publication has different criteria for which schools’ MBA programs are included in their rankings.

Bloomberg creates separate rankings for full-time MBA programs based inside and outside of the United States. The 2017 US rankings include 85 programs, down from 87 in 2016. The 2016 international ranking included 31 schools.

To be included in the US rankings, each school is required to have at least 30 students respond to the student survey; larger programs are required to reach a minimum response rate ranging from 15 to 40 percent.

The 2017 US rankings include 85 programs, down from 87 in 2016.

Who Uses the Bloomberg BusinessWeek Rankings?

The popularity and influence of the different ranking publications vary by world region.

Among the five major ranking publications, mba.com registrants living in the United States, Africa, Canada, Central & South Asia, Latin America, Middle East, and Western Europe rated Bloomberg as the second most influential to their decision making. It is the third most influential publication in Asia and Eastern Europe.

Bloomberg is the second most used ranking publication among mba.com registrants in the United States, Africa, Canada, Central & South Asia, Latin America, Middle East, and Western Europe. It is the third most used publication in Asia and Eastern Europe.

Country Usage Ranking Influence Ranking
Africa 0.28 2
Asia 0.25 3
Canada 0.26 2
Central & South Asia 0.24 2
E. Europe 0.19 3
Latin America 0.3 2
Middle East 0.17 2
United States 0.32 2
W. Europe 0.18 2
* Based on data collected from mba.com registrants.

Date and Frequency

Bloomberg produces US full-time MBA rankings annually in November. Each ranking is titled with the year of its publication. Their international MBA rankings typically publishes after the US ranking.

Ranking History

BusinessWeek established the first full-time MBA rankings in 1988. Bloomberg made notable changes to its methodology for the 2015 rankings that reflect their shift in focus toward how well MBA programs prepare graduates for job success.

Data Access

The interactive rankings chart available on the Bloomberg rankings webpage displays each MBA program’s change in rank from the previous year, in addition to each program’s overall ranking index score and their rank in the five main categories of the methodology: employer survey, alumni survey, student survey, starting salary, and job placement.

Users can also type in the name of a school to reveal interactive charts displaying data related to pay growth, entrepreneurship, industries of employment, US regions of employment, average debt, and job placement rate three months after graduation.

Additional Rankings

Bloomberg annually produces two separate rankings for full-time MBA programs: one for programs based in the US, one for programs based outside of the US. Both use the same methodology. In the past, Bloomberg also published a part-time MBA ranking. Their last part-time MBA ranking was published in 2015.

School Rankings

U.S.
Rank Ranking Index Score Alumni Survey Rank (30%)* Student Survey Rank (15%) School
1 100.00 3 18 Harvard
2 91.20 11 17 Pennsylvania (Wharton)
3 90.00 20 22 MIT (Sloan)
4 90.00 35 10 Chicago (Booth)
5 89.80 1 16 Stanford
6 89.40 10 11 Duke (Fuqua)
7 89.20 7 35 Dartmouth (Tuck)
8 87.90 18 14 Northwestern (Kellogg)
9 87.10 26 15 Columbia
10 85.80 4 12 Rice (Jones)
11 85.50 2 5 UC at Berkeley (Haas)
12 84.20 47 4 Michigan (Ross)
13 83.70 22 3 Cornell (Johnson)
14 82.20 24 8 Carnegie Mellon (Tepper)
15 81.40 40 19 Washington (Foster)
16 81.40 9 27 Yale
17 81.30 12 9 Virginia (Darden)
18 80.10 27 13 NYU (Stern)
19 78.30 16 1 UCLA (Anderson)
20 78.30 37 20 Texas at Austin (McCombs)
21 76.80 5 26 Emory (Goizueta)
22 75.90 15 51 Texas A&M (Mays)
23 75.00 8 30 Brigham Young (Marriott)
24 73.40 30 21 North Carolina (Kenan-Flagler)
25 72.50 53 49 Penn State (Smeal)
26 72.30 6 31 Notre Dame (Mendoza)
27 70.30 32 32 Indiana (Kelley)
28 70.10 41 28 Georgia Tech (Scheller)
29 70.10 29 60 Michigan State (Broad)
30 69.20 58 6 USC (Marshall)
31 69.00 38 43 Texas-Dallas (Jindal)
32 68.80 46 7 Southern Methodist (Cox)
33 68.40 19 44 Rochester (Simon)
34 67.80 39 33 Vanderbilt (Owen)
35 67.70 34 23 Georgetown (McDonough)
36 66.50 17 38 Washington in St. Louis (Olin)
37 66.40 43 37 Ohio State (Fisher)
38 65.70 60 53 Purdue (Krannert)
39 65.40 42 47 Minnesota (Carlson)
40 63.90 28 39 Maryland (Smith)
41 63.70 36 25 Iowa (Tippie)
42 62.50 44 2 William and Mary (Mason)
43 61.20 25 46 Wisconsin
44 60.90 55 40 Boston College (Carroll)
45 60.60 71 45 Illinois at Urbana-Champaign
46 60.00 52 56 SUNY at Buffalo
47 59.70 51 55 Arizona State (Carey)
48 59.60 54 29 Florida (Hough)
49 58.80 49 54 Boston University (Questrom)
50 58.60 62 59 Rutgers
51 57.80 45 36 UC at Irvine (Merage)
52 55.50 56 50 Pittsburgh (Katz)
53 54.70 14 76 Oklahoma (Price)
54 54.20 70 41 Georgia (Terry)
55 54.20 69 34 Texas Christian (Neeley)
56 54.00 57 62 Utah (Eccles)
57 53.70 73 75 Tennessee (Haslam)
58 53.60 63 52 Miami
59 53.40 31 64 George Washington
60 53.30 77 57 Fordham (Gabelli)
61 52.90 64 42 Northeastern (D'Amore-McKim)
62 52.00 33 58 Babson (Olin)
63 51.70 50 61 Howard
64 50.60 66 83 Syracuse (Whitman)
65 50.00 59 24 Houston (Bauer)
66 49.60 48 73 Connecticut
67 49.40 13 85 Baylor (Hankamer)
68 49.40 21 69 Cincinnati (Lindner)
69 48.00 67 70 Arizona (Eller)
70 47.90 74 79 North Carolina State (Jenkins)
71 46.20 79 72 Mississippi
72 45.30 61 78 Case Western Reserve (Weatherhead)
73 43.70 23 66 UC at San Diego (Rady)
74 43.40 68 67 Kentucky (Gatton)
75 42.50 81 48 Pepperdine (Graziadio)
76 41.00 76 84 Texas Tech (Rawls)
77 40.50 72 65 Willamette (Atkinson)
78 38.70 65 71 Tampa (Sykes)
79 36.30 82 74 Rochester Institute of Technology (Saunders)
80 34.60 80 80 Colorado at Boulder (Leeds)
81 34.10 75 81 San Diego
82 33.60 84 63 Chapman (Argyros)
83 27.70 83 68 Denver (Daniels)
84 27.30 78 82 San Diego State (Fowler)
85 24.60 85 77 Oregon (Lundquist)
International
Rank Ranking Index Score Alumni Survey Rank (30%)* Student Survey Rank (15%) School
1 100.00 6 4 London Business School
2 93.11 12 2 INSEAD
3 92.11 1 21 Oxford (Saïd)
4 86.14 3 5 Cambridge (Judge)
5 80.65 21 6 IESE
6 79.36 2 10 IE
7 79.27 8 1 IMD
8 73.92 4 7 SDA Bocconi
9 73.69 19 3 Melbourne
10 73.41 13 8 Western (Ivey)
11 71.70 15 17 HEC Paris
12 70.07 10 12 ESADE
13 69.91 24 13 ESMT
14 69.19 7 18 Cranfield
15 62.75 22 25 Imperial College London
16 60.36 9 16 St. Gallen
17 60.01 23 22 Hult
18 57.58 17 23 Queen's
19 56.90 11 11 Manchester
20 55.77 29 20 Mannheim
21 54.79 5 26 National University of Singapore
22 54.17 16 9 Warwick
23 51.95 20 29 Toronto (Rotman)
24 51.42 18 28 CEIBS
25 50.38 14 14 McGill (Desautels)
26 45.50 27 27 Erasmus (Rotterdam)
27 45.31 30 15 Copenhagen
28 44.74 28 31 ESIC
29 44.57 31 19 HKUST
30 37.85 26 30 Alberta
31 30.48 25 24 HEC Montréal
See rankings for Bloomberg BusinessWeek.

* Alumni survey rank is based on the 30 percent of the methodology weighted to median compensation increase (10%), job satisfaction (10%), and MBA feedback (10%).
You are not permitted to download the Content for purposes other than personal use. You shall not republish, retransmit, reproduce or use the Content for any other purpose.
Distinctive emphasis:Career services and networking

Business school candidates that value the guidance provided by career services offices and want to become a part of a strong alumni network with global reach may be particularly interested in The Economist’s full-time MBA ranking.

The Economist ranking methodology weights 11.67 percent of a school’s ranking on the quality of MBA programs’ career services offices. The only other ranking that includes a rating of career services is the Financial Times, which weights it only 2 percent.

Another 10 percent of The Economist’s methodology is weighted to networking potential. This is the only ranking to include indicators related to networking as a part of its methodology.

Additional factors taken into account are salary (20%), career progress (11.67%), employment rate (11.67%), student selectivity (8.75%), faculty quality (8.75%), internationalization (8.75%), student/recent graduate opinion (6.13%), and gender parity (2.62%).

The Economist is the only ranking to include indicators related to networking as a part of its methodology.

How Does The Economist Determine Its Rankings?

The Economist full-time MBA rankings are calculated using a mix of data collected from business schools, current full-time MBA students, and recent graduates.

Overall, the methodology is weighted 76 percent to fact-based criteria and 24 percent to opinion-based criteria.

Category Metric Name Objective Weight Description
Career progress Spread of industry sectors that recruited most recent graduates Yes 0.1167 Two measures were used to rank the diversity of recruiters: the number of industry sectors that recruited most recent graduates and how evenly those graduates were spread between these industry sectors.
Employment rate Percentage of job-seeking students with a job offer three months after graduation Yes 0.1167 The employment rate of the most recent class of full-time MBA graduates three months after graduation.
Career services rating Percentage job-seeking students who found a job directly through the career services Yes 0.0875 Recent graduates indicate whether or not they found a job with the help of the business school career services office.
Student assessment of career services No 0.1167 Current students and recent graduates’ opinion of the career services office, specifically regarding meeting their expectations and needs.
Faculty quality Faculty student ratio Yes 0.029155 The faculty to student ratio of the full-time MBA program.
Percentage faculty with PhD Yes 0.029155 The percentage of full-time faculty in the full-time MBA program that hold a PhD.
Faculty rating by students No 0.029155 Current students and recent graduates’ opinion of the quality of faculty in the full-time MBA program.
Student selectivity Average GMAT score Yes 0.029155 The average GMAT scores of the most recent full-time MBA entering class.
Average number of years work experience Yes 0.029155 The average number of years work experience of the most recent full-time MBA entering class.
Average salary of students before entering class Yes 0.029155 Mean annual salary of incoming class prior to enrollment.
Internationalization Spread of regions from which students hailed Yes 0.04375 Schools are given a score based on the percentage of students enrolled in the full-time MBA program from various world regions.
Range of and access to overseas exchange programs Yes 0.021875 The number of overseas exchange programs lasting one month or more that full-time MBA students have access to.
Number of language courses available Yes 0.021875 The number of language courses offered at no additional cost or a nominal charge to full-time MBA students.
Gender parity Gender diversity Yes 0.02625 Schools are given a score based on the variance of the gender split of their full-time MBA enrollment from 50 percent.
Student/recent graduate opinion Student rating of culture and classmates No 0.0175 Current students and recent graduates’ rating of their full-time MBA culture and classmates.
Student rating of program and range of electives No 0.021875 Current students and recent graduates’ rating of their full-time MBA program and range of electives.
Student assessment of facilities and other services No 0.021875 Current students and recent graduates’ opinion of the facilities and other services of their full-time MBA program.
Salary Salary change from pre-MBA to post-MBA (excluding bonuses) Yes 0.05 The difference between recent graduates’ post- and pre-MBA salaries, excluding bonuses.
Post-MBA salary Yes 0.15 Recent graduates’ post-MBA salary, excluding bonuses.
Network Ratio of MBA alumni to current MBA students Yes 0.0333 Ratio of MBA alumni to current MBA students
Number of overseas alumni chapters Yes 0.0333 Number of overseas alumni chapters
Student rating of alumni network No 0.0333 Current students and recent graduates’ opinion of the strength of their business school’s alumni network.

How much do the The Economist rankings change year to year?

Average schools' position change

With each new edition of a ranking publication, schools’ ranking position can change. Here, the last two editions of this publication are analyzed to determine its average school position change.

Schools that appeared in both of the last two editions of The Economist rankings saw their ranking position change an average of +/- 7.6 positions. This is the greatest average change among the five major publications.

Among schools ranked in the top 20 of the most recent The Economist ranking, their ranking position changed an average of +/- 4.9 positions from the previous edition. This is the second greatest average change among the five major publications for schools in the top 20.

publication Average Position Change among Top 20 Average Position Change overall
Bloomberg 2.2 2.9
The Economist 4.9 7.6
Financial Times 2.8 6.9
Forbes 2.1 3.6
USNWR 1.3 4.8
Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
Distribution of school position change

Some ranking publications see a bigger difference in results than others year to year. Here, the last two editions of rankings are analyzed to show the distribution of schools’ position changes.

In total, 27 percent of schools included in both of the last two editions of The Economist rankings saw their ranking position change ten or more positions.

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
0-4 5-9 10-14 15-19 20-24 25+
0.41 0.32 0.16 0.04 0.04 0.03

What Schools Does The Economist Include?

Each ranking publication has different criteria for which schools’ MBA programs are included in their rankings.

A total of 153 full-time MBA programs were invited to participate in the 2017 ranking. The top 100 schools receive a rank. A minimum response rate of 25 percent or a minimum of 50 current students/recent graduates (whichever is lower) is required for schools to be included in the ranking. Schools must complete questionnaires for at least two consecutive years before being ranked.

Schools must complete questionnaires for at least two consecutive years before being ranked.

Who Uses the Economist Rankings?

The popularity and influence of the different ranking publications vary by world region.

Among the five major ranking publications, mba.com registrants in Asia rate The Economist as the most influential to their decision making. It’s ranked the third most influential in Canada and the Middle East.

The Economist is the least frequently used ranking publication in every region of the world.

Country Usage Ranking Influence Ranking
Africa 0.42 5
Asia 0.44 1
Canada 0.41 3
Central & South Asia 0.46 4
E. Europe 0.44 4
Latin America 0.56 4
Middle East 0.31 3
United States 0.33 5
W. Europe 0.44 5
* Based on data collected from mba.com registrants.

Date and Frequency

The Economist full-time MBA rankings are produced annually and published online in October. Each ranking is titled with the year of its publication.

Ranking History

The Economist has been ranking international full-time MBA programs annually since 2003. Rankings dating back five years are available on The Economist website.

The methodology is based on the results of a survey of MBA students on what factors are important to them in choosing a program. The 2017 methodology was changed slightly from the 2016 methodology.

Data Access

The complete full-time MBA rankings are publicly available on The Economist website. Users can filter the rankings by region/country and view the previous five years’ rankings using dropdown menus.

On the rankings main page, no additional data beyond a school’s ranking is viewable. Users can select the “compare schools” tool to compare up to four schools at one time by their rank in any of the individual indicators that are a part of The Economist methodology.

Additional Rankings

In addition to its annual full-time MBA rankings, The Economist also produces a bi-annual ranking of executive MBA programs.

School Rankings

Rank Country School
1 United States University of Chicago – Booth School of Business
2 United States Northwestern University – Kellogg School of Management
3 United States University of Virginia – Darden School of Business
4 United States Harvard Business School
5 United States Stanford University – Graduate School of Business
6 United States Dartmouth College – Tuck School of Business
7 United States University of California at Berkeley – Haas School of Business
8 Spain University of Navarra – IESE Business School
9 France HEC School of Management, Paris
10 Australia The University of Queensland Business School
11 United States Columbia Business School
12 United States University of Pennsylvania – Wharton School
13 France INSEAD
14 United States UCLA – UCLA Anderson School of Management
15 United States Yale School of Management
16 Spain IE University – IE Business School
17 United States Massachusetts Institute of Technology – MIT Sloan School of Management
18 United States Duke University – Fuqua School of Business
19 United States New York University – Leonard N Stern School of Business
20 United Kingdom University of Warwick – Warwick Business School
21 United States University of Michigan – Stephen M. Ross School of Business
22 United States University of North Carolina at Chapel Hill – Kenan-Flagler Business School
23 Switzerland IMD - International Institute for Management Development
24 France EDHEC Business School
25 United Kingdom London Business School
26 United States Vanderbilt University – Owen Graduate School of Management
27 United Kingdom Henley Business School
28 United States Cornell University – Samuel Curtis Johnson Graduate School of Management
29 United States Emory University – Goizueta Business School
30 United States Indiana University – Kelley School of Business
31 Hong Kong University of Hong Kong – Faculty of Business and Economics
32 United States University of Washington – Foster School of Business
33 United States Carnegie Mellon University – The Tepper School of Business
34 Australia University of Melbourne – Melbourne Business School
35 United States Georgetown University – Robert Emmett McDonough School of Business
36 United States Michigan State University – Eli Broad College of Business
37 United States University of Notre Dame – Mendoza College of Business
38 Italy SDA Bocconi – School of Management
39 United States University of Texas at Austin – McCombs School of Business
40 United States University of Florida – Hough Graduate School of Business
41 Germany University of Mannheim – Mannheim Business School
42 United States Arizona State University – W. P. Carey School of Business
43 United States Rice University – Jesse H Jones Graduate School of Business
44 United States Ohio State University – Fisher College of Business
45 United States Washington University in St Louis – Olin Business School
46 Australia Macquarie Graduate School of Management
47 United States University of Maryland – Robert H Smith School of Business
48 United States University of Minnesota – Carlson School of Management
49 United Kingdom Cranfield School of Management
50 United States University of Rochester – Simon Business School
51 United States Georgia Institute of Technology – Scheller College of Business
52 United Kingdom City University – Cass Business School
53 Germany European School of Management and Technology – ESMT Berlin
54 Spain ESADE Business School
55 United States University of Pittsburgh – Katz Graduate School of Business
56 Canada York University – Schulich School of Business
57 United States Boston University – Questrom School of Business
58 United Kingdom University of Bath – School of Management
59 Canada Western University – Ivey Business School
60 United States Hult International Business School
61 United States University of Wisconsin-Madison – Wisconsin School of Business
62 United Kingdom University of Cambridge – Judge Business School
63 United States Pennsylvania State University – Smeal College of Business
64 United States University of Georgia – Terry College of Business
65 United States University of Southern California – Marshall School of Business
66 United States Southern Methodist University – Cox School of Business
67 United Kingdom Durham University – Durham University Business School
68 United States Temple University – Fox School of Business
69 Singapore Nanyang Technological University – Nanyang Business School
70 Hong Kong Hong Kong University of Science and Technology – HKUST Business School
71 United States University of California at Davis – Graduate School of Management
72 United States University of Iowa – Henry B Tippie School of Management
73 United States Texas Christian University – Neeley School of Business
74 United Kingdom University of Edinburgh Business School
75 France EMLYON – EMLYON Business School
76 United Kingdom University of Strathclyde – Strathclyde Business School
77 United Kingdom Lancaster University – Lancaster University Management School
78 Germany WHU – Otto Beisheim School of Management
79 Canada Queen's University – Smith School of Business
80 France Grenoble Ecole de Management
81 United States George Washington University – School of Business
82 United Kingdom University of Nottingham – Nottingham University Business School
83 United Kingdom University of Oxford – Saïd Business School
84 Ireland University College Dublin – Michael Smurfit Graduate School of Business
85 United States Purdue University – Krannert Graduate School of Management
86 Ireland Trinity College Dublin – School of Business
87 United States University of Miami – School of Business Administration
88 Switzerland University of St.Gallen
89 United States North Carolina State University – Poole College of Management
90 United Kingdom University of Birmingham – Birmingham Business School
91 Monaco International University of Monaco
92 India Indian Institute of Management Ahmedabad
93 Netherlands Erasmus University – Rotterdam School of Management
94 France Audencia Nantes – Audencia Nantes School of Management
95 Denmark Copenhagen Business School
96 United States Case Western Reserve University – Weatherhead School of Management
97 Germany HHL Leipzig Graduate School of Management
98 China Sun Yat-sen University – Sun Yat-sen Business School
99 Singapore National University of Singapore – The NUS Business School
100 United Kingdom The University of Liverpool – The University of Liverpool Management School
© The Economist Newspaper Limited, London (2016). See rankings for The Economist.
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Distinctive emphasis:Internationalization and faculty quality

Individuals who are looking for a business school experience with international reach and want to learn from faculty at the forefront of their fields may be particularly interested in the FT Global MBA ranking.

The FT methodology weights 20 percent of a school’s ranking to indicators that reflect the international scope of its MBA program. The only other ranking that includes measures of internationalization in its methodology is The Economist, which weights it significantly less (8.75% in total).

Also weighted 20 percent in FT’s methodology are indicators related to faculty quality. Again, the only other ranking to include faculty and research indicators is The Economist, which gives it less than half the weight (8.75% in total).

Additional factors taken into account are salary (40% in total), career progress (6%), gender parity (5%), return on investment (3%), employment rate (2%), alumni opinion (2%), and career services rating (2%).

A total of 155 business schools took part in the 2018 FT Global MBA rankings.

How Does The Financial Times Determine Its Rankings?

The FT Global MBA rankings are calculated using a diverse mix of data collected from alumni and business schools.

Overall, the methodology is weighted 93 percent to fact-based criteria and 7 percent opinion-based criteria.

Category Metric Name Objective Weight Description
Salary Salary today Yes 0.2 Average MBA alumni salary three years after graduation, adjusted for variation between sectors.
Salary increase Yes 0.2 Average difference in alumni pre-MBA salary and salary three years after graduation. Based half on absolute increase and half on percentage increase.
Return on investment Value for money Yes 0.03 Calculated using salary three years after graduation, time to degree, tuition and fees, and foregone wages while enrolled.
Career progress Career progress Yes 0.03 Calculated by changes in alumni job level and company size from pre-MBA to three years after graduation.
Aims achieved No 0.03 A measure of the extent to which alumni fulfilled their goals or reasons for earning an MBA.
Career services rating Placement success No 0.02 Alumni rating of the effectiveness of their school’s career services.
Employment rate Employed at three months Yes 0.02 Employment rate of the most recent MBA graduating class three months after graduation.
Alumni opinion Alumni recommend No 0.02 Calculated according to alumni’s selection of three schools from which they would recruit MBA graduates.
Gender parity Female faculty Yes 0.02 Percentage of female faculty. Schools with 50:50 gender composition receive the highest possible score.
Female students Yes 0.02 Percentage of female students currently enrolled in a school’s full-time MBA program. Schools with 50:50 gender composition receive the highest possible score.
Women on board Yes 0.01 Percentage of female members on the school’s advisory board. Schools with 50:50 gender composition receive the highest possible score.
Internationalization International faculty Yes 0.04 Calculated by citizenship diversity of faculty and the percentage whose citizenship differs from that of their business school.
International students Yes 0.04 Calculated by citizenship diversity of current full-time MBA students and the percentage whose citizenship differs from that of their business school.
International board Yes 0.02 The percentage of the board whose citizenship differs from that of the country in which the business school is based.
International mobility Yes 0.06 Based on alumni citizenship and the countries where they have worked.
International course experience Yes 0.03 Calculated by the completion of exchanges, research projects, study tours, and company internships in countries other than where the school is based by the most recent MBA graduating class.
Languages Yes 0.01 The number of extra languages required to complete a full-time MBA.
Faculty quality Faculty with doctorates Yes 0.05 Percentage of full-time faculty with a doctorate degree.
PhD graduates Yes 0.05 The number of doctoral graduates from the past three years.
FT research rank Yes 0.1 Based on the number of articles by full-time faculty in 45 internationally recognized academic and practitioner journals, weighted by faculty size.

How much do the The Financial Times rankings change year to year?

Average schools' position change

With each new edition of a ranking publication, schools’ ranking position can change. Here, the last two editions of this publication are analyzed to determine its average school position change.

Schools that appeared in both of the last two editions of the FT rankings saw their ranking position change an average of +/- 6.9 positions. This is the second greatest average change among the five major publications.

Among schools ranked in the top 20 of the most recent FT ranking, their ranking position changed an average of +/- 2.8 positions from the previous edition. This is the second greatest average change in the top 20 among the five major publications.

publication Average Position Change among Top 20 Average Position Change overall
Bloomberg 2.2 2.9
The Economist 4.9 7.6
Financial Times 2.8 6.9
Forbes 2.1 3.6
USNWR 1.3 4.8
Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
Distribution of school position change

Some ranking publications see a bigger difference in results than others year to year. Here, the last two editions of rankings are analyzed to show the distribution of schools’ position changes.

In total, 26 percent of schools included in both of the last two editions of the FT rankings saw their ranking position change ten or more positions.

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
0-4 5-9 10-14 15-19 20-24 25+
0.46 0.28 0.14 0.09 0.02 0.01

What Schools Does The Financial Times Include?

Each ranking publication has different criteria for which schools’ MBA programs are included in their rankings.

A total of 155 business schools took part in the 2018 FT Global MBA rankings. All included programs must be internationally accredited, at least four years old, have a minimum of 30 graduates each year, and meet the minimum response rate of 20 percent for FT’s alumni survey. The top 100 schools are included in the published rankings.

<p>A total of 155 business schools took part in the 2018 FT Global MBA rankings.</p>

Who Uses the Financial Times Rankings?

The popularity and influence of the different ranking publications vary by world region.

Among the five major ranking publications, mba.com registrants in every world region except the United States and Asia rated FT as the most influential to their decision making.

The FT Global MBA ranking is the most widely used ranking publication among mba.com registrants in every world region except the United States.

Country Usage Ranking Influence Ranking
Africa 0.48 1
Asia 0.5 2
Canada 0.36 1
Central & South Asia 0.52 1
E. Europe 0.56 1
Latin America 0.64 1
Middle East 0.4 1
United States 0.23 3
W. Europe 0.68 1
* Based on data collected from mba.com registrants.

Date and Frequency

The FT Global MBA rankings are produced annually and published online in late January. Each ranking is titled with the year of its publication.

Ranking History

The Financial Times has been ranking international full-time MBA programs annually since 1999. Every edition of the rankings is available in the rankings archives on ft.com. The ranking methodology has been tweaked slightly over the years, but overall has remained relatively consistent.

Data Access

The complete FT Global MBA ranking, including all data, is publicly available on the Financial Times website. Users can explore the data with the interactive ranking table, download the full ranking as a PDF, and view ranked school’s locations on a map.

Additional Rankings

The Financial Times produces seven rankings annually. The methodologies used for each are similar. They are published at different times throughout the year.

Global MBA
Executive MBA
Masters in Management
Masters in Finance
Executive Education
European Business Schools
Online MBA

School Rankings

Rank Salary Percentage Increase Salary Today (US$) Country School
1 114 214742 US Stanford Graduate School of Business
2 105 177157 France / Singapore Insead
3 96 190826 US University of Pennsylvania: Wharton
4 109 167897 UK London Business School
5 102 192133 US Harvard Business School
6 118 174153 US University of Chicago: Booth
7 103 177680 US Columbia Business School
8 168 162858 China Ceibs
9 98 173095 US MIT: Sloan
10 104 176167 US University of California at Berkeley: Haas
11 126 148480 Spain Iese Business School
12 103 168608 US Northwestern University: Kellogg
13 100 162143 UK University of Cambridge: Judge
14 112 158119 China HKUST Business School
15 114 166458 US Yale School of Management
16 110 170706 US Dartmouth College: Tuck
17 123 161029 US Cornell University: Johnson
18 134 143917 Singapore National University of Singapore Business School
19 101 156876 US Duke University: Fuqua
20 119 143542 Spain Esade Business School
21 105 135858 France HEC Paris
22 125 132288 Singapore Nanyang Business School
23 107 153182 US New York University: Stern
24 79 156908 Switzerland IMD
25 107 160487 US UCLA: Anderson
26 114 153938 US University of Michigan: Ross
27 99 145537 UK University of Oxford: Saïd
28 164 148974 India Indian School of Business
29 117 120151 Italy SDA Bocconi
30 113 141008 US Georgetown University: McDonough
31 101 175801 India Indian Institute of Management Ahmedabad
32 110 151257 US University of Virginia: Darden
33 121 128245 China University of Hong Kong
34 182 121635 China Shanghai Jiao Tong University: Antai
35 114 166651 India Indian Institute of Management Bangalore
36 98 125243 UK Alliance Manchester Business School
37 88 121538 Netherlands Rotterdam School of Management, Erasmus University
37 116 139456 US University of North Carolina: Kenan-Flagler
39 173 100003 China Renmin University of China School of Business
40 108 143151 US Carnegie Mellon: Tepper
41 77 110264 UK Warwick Business School
42 175 103032 China Fudan University School of Management
43 108 122866 China CUHK Business School
44 98 148978 US University of Texas at Austin: McCombs
45 118 139189 US Rice University: Jones
46 80 121964 UK City University: Cass
47 114 142989 US Emory University: Goizueta
48 94 132391 US University of Washington: Foster
49 134 112173 Singapore Singapore Management University: Lee Kong Chian
50 107 122709 US Washington University: Olin
51 129 114470 US Arizona State University: Carey
51 68 118324 UK Imperial College Business School
51 93 113701 S Korea Sungkyunkwan University GSB
54 140 131544 US Georgia Institute of Technology: Scheller
55 119 122704 US Purdue University: Krannert
55 99 120908 US University of Maryland: Smith
57 114 127942 US Indiana University: Kelley
58 147 105743 US University of Florida: Hough
59 95 137960 US University of Southern California: Marshall
60 64 115879 Switzerland University of St Gallen
61 72 121580 UK Cranfield School of Management
61 68 118260 Germany Mannheim Business School
63 59 115909 Australia AGSM at UNSW Business School
64 118 104306 UK Durham University Business School
64 114 120245 US University of California at Irvine: Merage
66 78 108084 Australia Melbourne Business School
67 101 130706 US Boston College: Carroll
68 131 130904 US Brigham Young University: Marriott
68 130 117631 US Ohio State University: Fisher
70 95 104106 UK Lancaster University Management School
71 107 125289 US Wisconsin School of Business
72 135 109486 US Michigan State University: Broad
73 79 113420 UK University of Edinburgh Business School
73 109 127483 US Vanderbilt University: Owen
75 79 107505 France Edhec Business School
75 119 119673 US Pennsylvania State University: Smeal
77 117 125853 US University of Notre Dame: Mendoza
78 117 139244 India Indian Institute of Management Calcutta
78 86 99204 Canada McGill University: Desautels
80 75 113470 Portugal The Lisbon MBA
81 99 131611 US Babson College: Olin
82 133 105732 US University of Pittsburgh: Katz
83 125 119410 US University of Rochester: Simon
84 118 116530 US University of Connecticut School of Business
85 91 117480 US University of Minnesota: Carlson
86 103 123221 US Boston University: Questrom
86 77 97210 Canada University of Toronto: Rotman
88 57 106581 Germany ESMT Berlin
89 112 118144 US Rutgers Business School
90 74 103975 Canada Western University: Ivey
91 104 122109 US SMU: Cox
92 92 100049 UK Leeds University Business School
93 108 97708 US University of Texas at Dallas: Jindal
94 63 102643 Ireland University College Dublin: Smurfit
94 54 112794 Germany WHU Beisheim
96 48 102201 France Essec Business School
97 109 103952 US University of San Diego School of Business Administration
98 86 91814 UK University of Strathclyde Business School
99 59 92517 France EMLyon Business School
100 44 91807 Denmark Copenhagen Business School
100 66 93461 UK University of Bath School of Management
FT Source: FT Staff 2018 Global MBA Rankings 2018 FT.com 24 January 2018. Used under license from The Financial Times. All Rights Reserved. See rankings for The Financial Times.
You are not permitted to download the Content for purposes other than personal use. You shall not republish, retransmit, reproduce or use the Content for any other purpose.
Distinctive emphasis:Return on Investment

Prospective MBA candidates who want to compare business schools by the return alumni see on their investment will be particularly interested The Best Business Schools 2017 rankings from Forbes

The Forbes methodology is based solely on the return on investment achieved by alumni five years following graduation. The only other ranking to include return on investment as a part of its methodology is the Financial Times, which weights it only 3 percent.

The Forbes methodology is based solely on the return-on-investment achieved by alumni five years following graduation.

How Does Forbes Determine Its Rankings?

TheForbes business school rankings are calculated based solely on data collected from alumni.

100 percent of the Forbes methodology is weighted to fact-based criteria.

Category Metric Name Objective Weight Description
Return on investment 5-year MBA gain Yes 1 Net cumulative amount the typical alumni would have earned after five years by getting their MBA versus staying in their pre-MBA career.

How much do the Forbes rankings change year to year?

Average schools' position change

With each new edition of a ranking publication, schools’ ranking position can change. Here, the last two editions of this publication are analyzed to determine its average school position change.

Schools that appeared in both of the last two editions of the Forbes rankings saw their ranking position change an average of +/- 3.6 positions. This is the second smallest average change among the five major publications.

Among schools ranked in the top 20 of the most recent Forbes ranking, their ranking position changed an average of +/- 2.1 positions from the previous edition. This is the second smallest average change among the five major publications for schools in the top 20.

publication Average Position Change among Top 20 Average Position Change overall
Bloomberg 2.2 2.9
The Economist 4.9 7.6
Financial Times 2.8 6.9
Forbes 2.1 3.6
USNWR 1.3 4.8
Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
Distribution of school position change

Some ranking publications see a bigger difference in results than others year to year. Here, the last two editions of rankings are analyzed to show the distribution of schools’ position changes.

In total, 67 percent of schools included in both of the last two editions of the Forbes rankings saw their ranking position change four or fewer positions.
Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
0-4 5-9 10-14 15-19 20-24 25+
0.67 0.3 0.03 0 0 0

What Schools Does Forbes Include?

Each ranking publication has different criteria for which schools’ MBA programs are included in their rankings.

For the 2017 rankings, Forbes surveyed 17,500 alumni from more than 100 business schools and had an overall response rate of 25 percent. A minimum alumni response rate of 15 percent is required for schools to be included in the ranking. Also excluded are schools where alumni had a negative ROI after five years.

In total for 2017, 70 schools appear in their ranking of US two-year MBA programs and 17 schools appear in their ranking of international one-year MBA programs.

A minimum alumni response rate of 15 percent is required for schools to be included in the ranking.

Who Uses the Forbes Rankings?

The popularity and influence of the different ranking publications vary by world region.

Among the five major ranking publications, mba.com registrants in Eastern Europe rated Forbes the second most influential to their decision-making. Registrants in Central & South Asia, Western Europe, and Latin America rated it as the third most influential.

Forbes is the second most frequently used ranking publication among mba.com registrants in Eastern Europe, and is tied for the third most used ranking publication among mba.com registrants in the United States.

Country Usage Ranking Influence Ranking
Africa 0.35 4
Asia 0.29 4
Canada 0.36 4
Central & South Asia 0.45 4
E. Europe 0.31 2
Latin America 0.41 3
Middle East 0.28 4
United States 0.36 4
W. Europe 0.26 3
* Based on data collected from mba.com registrants.

Date and Frequency

Forbes’ Best Business Schools rankings are produced annually and published online in September. Each ranking is titled with its publication year.

Ranking History

Forbes first began ranking business schools in 1999. The organization does not offer access to historical rankings or indicators. Since its first edition, the Forbes methodology has been centered on the return-on-investment of a full-time two-year MBA degree.

Data Access

The complete MBA rankings are available on the Forbes website. Users can filter the rankings by 5-year MBA gain, years to payback, pre-MBA salary, 2016 salary, tuition, and GMAT score.

Users can also view each school’s individual profile, which contains other pertinent information including enrollment, total applicants, acceptance rate, median years of work experience, top employers, job placement by function, and more.

Additional Rankings

In addition to its biennial ranking of US full-time two-year MBA programs, Forbes also publishes an biennial ranking of the top international one-year MBA programs. These rankings are also published online in September and the same return-on-investment oriented methodology is employed.

School Rankings

Rank 2016 Salary Pre-MBA Salary 5-Year MBA Gain Location School
1 $225 K $82 K $97.1 K Philadelphia, PA Pennsylvania (Wharton)
2 $215 K $80 K $92.5 K Palo Alto, CA Stanford
3 $212 K $80 K $89.6 K Boston, MA Harvard
4 $195 K $80 K $84.8 K Evanston, IL Northwestern (Kellogg)
5 $200 K $76 K $81.2 K Hanover, NH Dartmouth (Tuck)
6 $203 K $75 K $75.9 K New York, NY Columbia
7 $195 K $81 K $74.8 K Chicago, IL Chicago (Booth)
8 $201 K $81 K $72.5 K Cambridge, MA MIT (Sloan)
9 $212 K $93 K $72.4 K Berkeley, CA UC Berkeley (Haas)
10 $172 K $67 K $70.4 K Ithaca, NY Cornell (Johnson)
From Forbes, 2017 © 2017 Forbes. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of the Content without express written permission is prohibited. See rankings for Forbes.
You are not permitted to download the Content for purposes other than personal use. You shall not republish, retransmit, reproduce or use the Content for any other purpose.
Distinctive emphasis:Student selectivity and business school leader opinion

Candidates who want to earn an MBA in the United States and place a high value on the student selectivity of programs and the opinions of business school leaders may be particularly interested in the Best Business Schools rankings from U.S. News & World Report.

The USNWR methodology weights 25 percent of a school’s ranking on its student selectivity — average GMAT and GRE scores, average undergraduate GPA, and acceptance rate. The only other ranking to feature student selectivity as a part of its methodology is The Economist, which weights it significantly less (8.75% in total).

Another 25 percent of a school’s ranking is weighted to the results of a survey of business school deans and directors. USNWR is the only ranking to include a measure of the opinions of business school leaders as a part of its methodology.

Additional factors taken into account are employment rate (21% total), employer opinions (15%), and salary (14%).

USNWR is the only ranking to include a measure of the opinions of business school leaders as a part of its methodology.

How Does U.S. News & World Report Determine Its Rankings?

The U.S. News Best Business Schools rankings are calculated using a mix of data collected from recent graduates, business schools, business school leaders, and corporate recruiters.

Overall, the methodology is weighted 60 percent to fact-based criteria and 40 percent to opinion-based criteria.

Category Metric Name Objective Weight Description
Business school leader opinion Peer assessment score No 0.25 Opinion-based data collected from a survey of business school deans and directors. Respondents rate other schools’ programs on a scale of 1 to 5.
Employer opinion Recruiter assessment score No 0.15 Opinion-based data collected from a survey of corporate recruiters and company contacts. Respondents rate school’s programs on a scale of 1 to 5.
Salary Mean starting salary and bonus Yes 0.14 Starting salary and signing bonus data collected from the most recent graduating class of full-time MBA programs.
Employment rate Employment rate at graduation Yes 0.07 Employment rate calculated for the most recent class of full-time MBA graduates based on employment status on graduation day.
Employment rate three months after graduation Yes 0.14 Employment rate calculated for the most recent class of full-time MBA graduates based on employment status approximately three months after graduation.
Student selectivity Mean GMAT and GRE scores Yes 0.1625 The average GMAT and GRE quantitative and verbal scores of the most recent full-time MBA entering class.
Mean undergraduate GPA Yes 0.075 The average undergraduate grade-point average of the most recent full-time MBA entering class.
Acceptance rate Yes 0.0125 The percentage of applicants to the most recent full-time MBA entering class who were accepted for admission.

How much do the U.S. News & World Report rankings change year to year?

Average schools' position change

With each new edition of a ranking publication, schools’ ranking position can change. Here, the last two editions of this publication are analyzed to determine its average school position change.

Schools that appeared in both of the last two editions of the USNWR rankings saw their ranking position change an average of +/- 4.8 positions. This is the third smallest average change among the five major publications.

Among schools ranked in the top 20 of the most recent USNWR ranking, their ranking position changed an average of +/- 1.3 positions from the previous edition. This is the smallest average change among the five major publications for schools in the top 20.

publication Average Position Change among Top 20 Average Position Change overall
Bloomberg 2.2 2.9
The Economist 4.9 7.6
Financial Times 2.8 6.9
Forbes 2.1 3.6
USNWR 1.3 4.8
Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
Distribution of school position change

Some ranking publications see a bigger difference in results than others year to year. Here, the last two editions of rankings are analyzed to show the distribution of schools’ position changes.

In total, 62 percent of schools included in both of the last two editions of the USNWR rankings saw their ranking position change four or fewer positions.

Based on GMAC analysis of the two most recently published rankings of each publication. Schools that were not ranked in both of the last two years’ rankings were excluded.
0-4 5-9 10-14 15-19 20-24 25+
0.62 0.22 0.09 0.02 0.04 0.01

What Schools Does U.S. News & World Report Include?

Each ranking publication has different criteria for which schools’ MBA programs are included in their rankings.

All US-based business schools that offer business master’s programs accredited by the Association to Advance Collegiate Schools of Business International (AACSB) are invited to participate.

The top three-fourths of these programs are numerically ranked. The bottom fourth are labeled as “rank not published” and are listed alphabetically after the ranked programs. Programs that did not provide enough data to be included or did not have a full-time program to be included are labeled as “unranked” and are listed alphabetically after the “rank not published” programs.

The top three-fourths of these programs are numerically ranked.

Who Uses the U.S. News & World Report Rankings?

The popularity and influence of the different ranking publications vary by world region.

Among the five major ranking publications, mba.com registrants living in the United States rated USNWR as the most influential to their decision-making. The United States is the only world region in which the USNWR rankings are viewed as the most influential. It is rated least influential in six of nine world regions.

USNWR is the most widely used ranking publication among mba.com registrants living in the United States, where about 1 in 3 report using it.

Country Usage Ranking Influence Ranking
Africa 0.3 3
Asia 0.38 5
Canada 0.14 5
Central & South Asia 0.24 5
E. Europe 0.17 5
Latin America 0.21 5
Middle East 0.18 5
United States 0.62 1
W. Europe 0.12 4
* Based on data collected from mba.com registrants.

Date and Frequency

The U.S. News Best Business Schools rankings are produced annually and publish online in mid-March. Each ranking is titled with the following year (i.e., the rankings published in March 2018 are titled the 2019 rankings).

Ranking History

USNWR has been ranking US full-time MBA programs annually since 1990. The organization does not offer access to historical rankings or indicators. The ranking methodology has changed little since its first edition.

Data Access

U.S. News & World Report allows free public access to their entire full-time MBA rankings, meaning visitors to their site can view each included school’s rank. To view data beyond full-time enrollment and tuition, as well as their full specialty rankings, requires the purchase of one year of unlimited “Business School Compass Access” for $29.95.

Additional Rankings

U.S. News & World Report produces rankings for a variety of additional MBA program types and specialties. These additional rankings are based only on survey responses from business school deans and directors, with the exception of the part-time MBA, Online MBA, and Online Graduate Business rankings. These specialty are also produced annually, and released concurrently with the Best Business Schools rankings in March.

MBA program types:

Executive MBA, Part-time MBA, Online MBA, Online Graduate Business

MBA Specialties:

Accounting, Entrepreneurship, Finance, Information Systems, International Business, Management, Marketing, Nonprofit, Production/Operations, Supply Chain/Logistics

School Rankings

U.S. News and World Report has not granted permission for their 2019 rankings (published March 2018) to be posted on our website. You can access their full rankings here.

You are not permitted to download the Content for purposes other than personal use. You shall not republish, retransmit, reproduce or use the Content for any other purpose.
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