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FROM IESE MBA Director's Blog: New Financial Times Ranking for the full-time MBA |
Today the Financial Times has published its annual ranking of full-time MBA programs. Our program is ranked 7th in the world, the same as last year. I am happy to see that IESE’s MBA has consolidated its top-ten status in the world with four consecutive top-ten placements since 2011. The FT ranking surveys the class of 2010 with respect to several dimensions that measure the salary evolution of the graduates and the impact the MBA had on their careers. In this context, I am glad to see that our graduates are extremely happy with the career progress they have been able to make thanks to the MBA (5th rank worldwide) and that they have achieved their aims with respect to the program (4th rank worldwide). This latter criterion seems particularly important to me as it measures in how far our alumni have achieved the goals they set themselves before doing the MBA and thus constitutes an authentic measure of satisfaction with the program. Among the top-ten MBA programs, the salary levels the classes of 2010 report are lower than the salaries from the year before them. For example, Harvard’s weighted salary is 4.8% below last year’s; Stanford’s is 5.2% lower and IESE’s is 2.0% below last year’s. This reflects the clearly difficult economic environment the class of 2010 has lived through – worldwide – since its graduation. Still, besides the growth in leadership skills etc., an MBA in a top-ten school makes economic sense: Increases in salaries from before the MBA to three years after the MBA are more than 100% (125% in the case of IESE). Let me insist that a ranking only gives a snapshot of an MBA program and is an incomplete account of its characteristics and qualities. The time our students spend on campus with classmates, faculty and staff, and the transformation the program brings are difficult to capture in a few numbers. I am grateful for the positive feedback from our alumni; it reinforces our commitment to develop this world class MBA program in line with the mission of IESE. Tomorrow, in the same way as last year, I will share my thoughts on the results of the ranking with our current students. |
FROM IESE MBA Director's Blog: A Great Preview of the MBA: Open Days |
Prof. Alejandro Lago leads a case study session during an Open Day Choosing a new car is comparatively easy. You see cars in the streets that you may like, you read some information on the web that compares different models along criteria that matter for you and before making a choice you can test drive the car. You know what you will get and how it will work for you. It’s not so easy with an MBA. When you are thinking about doing an MBA, you can read about the programs, consult information on the web, rankings etc. You can ask people you know who have attended the school. Still, you may not have friends from all the schools you are interested in, and you don’t know how the experience will be for you in many MBA programs. Certainly you should go and visit the school you are interested in; meet with students, faculty administrators and “breathe” the atmosphere of the place and the people. All this comes to my mind as we have just organized this week Open Days in Barcelona and New York. (Pictures are here). They are meant to solve the problem described above and give you the possibility to know as best as you can what the IESE MBA is about. The format of the day is very simple: - Presentation of the program by an admissions officer, followed by a - Detailed explanation of the Career Services activities, and the companies that come to recruit on campus - A case study, conducted by a faculty member. This allows you to test for yourself the actual classroom experience in the program. - Panel Discussion with alumni on how the program shaped their lives and careers. - Panel Discussion with current students. We conduct Open Days in Barcelona, New York and Madrid – the schedule can be found here. |
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