Below are the weights used in the ranking determination:
Weighted salary: 20%
Salary % increase: 20%
Value for money: 3%
Career progress: 3%
Aims achieved: 3%
Placement sucess: 2%
Employed at 3 months: 2%
Alumni recommend: 2%
Women faculty: 2%
Women student: 2%
Women board: 1%
International faculty: 4%
International student: 4%
International board: 2%
International mobility: 6%
International experience: 2%
Language: 2%
Faculty with PhD: 5%
FT doctoral rank: 5%
FT research rank: 10%
While I admit that there is a heavy skew towards salaries post graduation (which means US schools are losing out due to the weakened US dollar), we must realize that the world is globalizing and that there will be great contenders rising from developing countries as well (not only Europe). The US used to dominate the ranking chart for decades following the second half of the 20th century but we have to wake up to the reality that the US MBA hegemony could be challenged. However, this perception that H/S/W are the pinnacle of business education will still take decades to be challenged as rising business schools themselves continue to hire faculties from those US top b-schools.
That being said, I am not too unhappy about the ranking outcome itself