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It's the moment we've all been waiting for—the Financial Times published its 2011 ranking of global MBA programs!
First the rankings; then some thoughts.
Top 20 Global MBA Programs (last year's position is in parentheses)
1. London Business School – UK (1)
1. University of Pennsylvania Wharton – USA (2)
3. Harvard Business School – USA (3)
4. INSEAD – France/Singapore (5)
4. Stanford GSB – USA (4)
6. Hong Kong UST Business School – China (10)
7. Columbia Business School – USA (6)
8. IE Business School – Spain (6)
9. MIT Sloan – USA (8)
9. IESE Business School – Spain (11)
11. Indian Institute of Management Ahmedabad (IIMA) – India (unranked)
12. Chicago Booth – USA (9)
13. Indian School of Business – India (12)
14. IMD – Switzerland (15)
15. New York University Stern – USA (13)
15. Yale School of Management – USA (16)
17. Ceibs – China (22)
18. Dartmouth Tuck – USA (13)
18. HEC Paris – France (18)
20. Duke Fuqua – USA (20)
As you see above, this year there are some surprises, although the top 5 haven't changed much. Among the surprises:
- Hong Kong UST vaulted to #6 from #16 two years ago and is ranked ahead of MIT Sloan, Columbia, Booth, Kellogg, and Tuck.
- Indian Institute of Management, Ahmedabad (IIMA), grabbed #11 – even though it wasn’t ranked previously by FT.
- US leaders like Kellogg (#21) and Chicago (#12) and many other prominent US schools did not fare well, and tend not to do well in the FT global rankings.
A bit on the FT methodology: To be ranked, business schools need to be accredited, to have been open for at least four years, and must have at least 30 students in each class. 156 business schools fit this description this year and participated in the school survey provided. The data for rankings is collected from alumni and from the schools themselves.
To determine the top 100 schools, the following three areas are analyzed: diversity and international reach, alumni salaries and career development, and research capabilities. These three categories are then further broken down into 20 specific criteria that are further analyzed to determine the rankings.
For a more detailed description of the methodology, see "Getting to grips with the method."
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