The Financial Times 2016 Global MBA Ranking is here and for the first time INSEAD is leading it with its one-year MBA programme.
Together with Harvard Business School, London Business School, the Wharton School and Stanford Graduate School of Business, INSEAD has joined the elite club of schools that have reached the top spot of the ranking for business schools. The other four schools occupy the remaining five leading places with their two-year programmes.
However, INSEAD is ranked 10th for value for money, way above the four runners-up, which are in the bottom quarter for this criterion.
Nine new schools are included in the 2016 ranking, two of which appear for the first time. Renmin University of China School of Business is the highest new entrant, in 43rd place.
The remaining seven schools had appeared previously but had no place in the ranking last year. Edhec Business School, in 84th place, was last ranked in the far 2004, for example.
Another interesting fact is that the proportion of women studying at ranked business schools is rising. In 2015, 35 per cent of MBA students were women, up from 30 per cent in 2005. Last year, the proportion of female students topped 40 per cent in 27 schools, a leap from just four schools 10 years ago.
Chinese schools lead the way in this respect, with women accounting for 44 per cent of students overall and 59 per cent at Renmin University of China School of Business.
Despite these statistics, the proportion of female business school faculty remains low overall at about 27 per cent. Merage School of Business at University of California Irvine is the most gender-balanced, with women making up 46 per cent of faculty.
Top full-time MBA: INSEAD
INSEAD was established 58 years ago in Fontainebleau, just outside Paris, to train Europe’s business elite. Placing a heavy emphasis on a global mix of students and on multilingualism, the school was very different from the top US business schools that it competed with. The most significant difference was that it taught its MBA in one year, not two.
This year INSEAD’s MBA, which has been ranked by the FT as one of the top 10 MBAs in the world for the past 17 years, has won the number one spot for the first time in the FT ranking’s history.
This is a first not only for INSEAD but for the one-year MBA, which is proving increasingly popular worldwide, including among some US business schools.
Top for career progress: IIMA
Created just a decade ago, the one-year, full-time residential PGPX programme from the Indian Institute of Management in Ahmedabad is ranked number one for the career progress of its alumni this year.
Widely regarded as the top business school in India, a reputation earned for its two-year pre-experience PGP programme, and ranked 15th in the world in the FT’s 2015 Masters in Management rankings, IIMA is also famous for its 100-acre campus and its teaching space designed by American architect Louis Kahn. The school, founded by local entrepreneurs with Harvard Business School, has followed the HBS lead and favours case-based teaching.
Highest new entrant: Renmin
Renmin University of China School of Business is a latecomer to the FT MBA rankings. The school has been offering an MBA since 1991 but only became eligible to be ranked in 2010 when it was accredited by EQUIS – the world’s leading international accreditation for business schools.
The Beijing school is the highest new entrant, in 43rd place, positioned right between fellow mainland Chinese schools Antai College of Economics and Management at 39 and Fudan University School of Management at 47. Just for information, the class of 2012 has an average salary of $94,000 three years after graduation, up 168 per cent on pre-MBA salary.
Highest riser: Carroll
Since it was first listed in 2006 the Carroll School of Management at Boston College has been featured annually in the FT MBA rankings. It has enjoyed mixed fortunes during that time, from a high of 47th place in 2010 to a low of 93rd in 2013.But the 18th edition of the MBA ranking has been more favourable to the school. It climbed 21 places to 69th.
The average salary of its alumni three years after graduation went up by nearly $6,000 to $120,000 compared with last year’s rankings.
The school also registered a strong progression in terms of value-for-money and career progress.
Best international experience: IPADE
And representing Latin America The IPADE Business School is featured once again in the FT MBA rankings after having failed to make the top 100 for the past three years. It is ranked 80th overall, just above INCAE Business School, the other school from South America.
All students study abroad for at least a month on exchange programmes at one of about 75 partner institutions worldwide. Students are also encouraged to go on an international study trip with the school subsidising about half the cost. IPADE adds two destinations per year based on students’ votes. And the latest graduating class had the chance to go to China or Vietnam.
Source: Financial Times