Not so long ago, the United KingdomFinancial Times (FT).The 2024 Global MBA Rankings have been released.
Since 1999, the Financial Times has published the global MBA rankings, which are recognized as one of the most authoritative MBA rankings by industry professionals due to their strict and comprehensive assessment standards and objective data**. FT's MBA rankings are updated annually to provide a comprehensive assessment of the MBA programs of major business schools around the world, which to a certain extent demonstrates the competitiveness of business schools around the world. So, let's take a look at the details of the list with the little raft
1. Ranking method
According to the information given on the official website of the Financial Times, it has as many as 21 global MBA ranking indicators, of which 8 reference indicators come from"Alumni feedback three years after graduation"., with a weight of 56%; There are 12 indicators based on school data, with a weight of 34%; Another indicator is academic research, which accounts for 10%.
Among the 21 indicators, the relatively large indicators include: employment rate three years after graduation, alumni salary, salary increase, investment cost performance, goal achievement, etc.
This year, FT has also adjusted some indicators, such as lowering them"Salary and Salary Increase Ratio".has increased the weight of the "ESG" ranking and updated the "Carbon Footprint Ranking" to provide more nuanced school performance and resilience analysis capabilities.
In addition, the list also has mandatory requirements for participating institutions, such as business schools participating in the ranking must be accredited by AACSB or EQUIS; The College of Business' full-time MBA has been open for the past 4-5 years and must have a student graduate within 3 years prior to the survey; The full-time MBA program must be a generalist course, and the list does not consider requirements such as professional courses.
2. Ranking highlights
Let's take a look at the business schools that have done well this year:
Last year due toWharton School of BusinessThis year, Wharton has returned to the top of the list with various excellent reference indicators, and in terms of "faculty research", Wharton ranks first, which is also the 12th time that Wharton has won first place in FT's full-time MBA rankings.
FrenchINSEADSame as last year, it ranked second.
Last year, it ranked firstColumbia Business SchoolThis year, it ranked third.
Tied for third place is the one that has risen in the rankings in the past three yearsBocconi School of Management, from 13th place in 2022 to 3rd place this year.
London Business SchoolRanked 8th in the world, it remains the UK's No. 1 business school.
Of course, there are also business schools that have suffered a "Waterloo" in this ranking, such as:
Harvard Business SchoolIt fell from 4th place last year to 11th place.
Stanford Graduate School of BusinessIt was ranked 23rd from 4th place last year**.
A few years ago, Harvard Business School and Stanford Graduate School of Business were also ranked as the best in the world for their MBA programs, but this year, the scores of various reference indicators of these two institutions have declined, such as the decline in the scores of Stanford Graduate School of Business in academic research, alumni salary growth, and the school's carbon emissions, and the lack of data on indicators is also the reason for the decline in the rankings.
3. The performance of universities in various countries and regions
In that list,United Statesof business schools continue to be the most listed, with 43 of the 100 schools on the list.
United KingdomA total of 10 institutions made the list, of which Edinburgh Business School is a new entrant this year, ranking 92nd in the world.
FranceThis year, 8 institutions were shortlisted, making it the third most successful country on the list, including world-renowned companies such as INSEAD (2), HEC Paris (12) and ESCP (25).
ChinaA total of seven business schools are on the list, including Chinese mainland and Hong Kong, among which China Europe International Business School (CEIBS) ranked 21st and ranked first in Asia for eight consecutive years. Hong Kong contains 3 schools, including: Hong Kong University of Science and Technology Business School (35), Hong Kong University Business School (45), and Chinese University of Hong Kong Business School (75).
Fourth, TOP50 list
Of course, in addition to the comprehensive ranking, "money ability" is also a matter of concern to everyone, which also makes FT's MBA list gain more attention. If we use the "average salary three years after graduation" as the criterion, we get the following rankings (14 institutions with graduation salaries of more than $200,000):
This year, it ranked 23rd in the overall rankingStanford Graduate School of BusinessIt is the highest-paying business school with the highest average salary three years after graduation, at $250,650, so the ranking doesn't seem so important (bushi). Harvard, which has the second-highest average salary, has also narrowed the gap with Stanford Graduate School of Business from $120,000 to $4,000 last year.
From different perspectives, the rankings may be different, and ranking changes are very common, such as the Wharton School last year because it did not meet the minimum response threshold for alumni surveys, and the University of Michigan Ross School of Business and Boston Business School are not on the list for the same reason this year. Choosing a school is a very personalized decision, each person's situation is different, and the goals are different, so choose a more suitable institution based on your own conditions.
Finally, I wish you all the best you want.
In addition, in addition to the Financial Times rankings, the following rankings are also one of the criteria for many students who intend to apply for MBAs when choosing a school, for your reference:
2024 QS Full-time MBA & Top 5 Business Master's Rankings Released! u.s.newsRanking of the best graduate business schools in the United States, which business school has the highest employment rate? **
Picture: Unsplash, Financial Times
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