Forbes Ranks SP Jain School of Global Management’s One Year MBA No.10 in The World

The Global MBA program of SP Jain School of Global Management (SP Jain) has got a Global Top Ten ranking by Forbes in its Best International MBAs: One-Year Program rankings (2015 -16). SP Jain is the only school of Indian-origin to be ranked in the world’s top ten.

Forbes’ biennial ranking of the world’s best business schools is based on a survey of the return on investment achieved by graduates from the Class of 2010. SP Jain School of Global Management that has campuses in Dubai, Mumbai, Singapore and Sydney (and is a distinct entity from SP Jain, Mumbai) has been ranked as number 10 in the list of the Top 10 One-year MBA programmes.

SP Jain offers a One Year Full Time MBA (Global MBA) for candidates with more than 3 years work experience and a pre-experience 16 Month Masters in Business Management (Masters in Global Business) for candidates with less than 3 years of work experience, among other programmes. This ranking has been awarded to its One Year MBA programme.

Forbes’ 2015 ranking of The Best Business Schools highlights the benefits of intensive one-year programs…they offer the best and quickest return on investment for M.B.A. students. Class of 2010 graduates from the best international one-year business schools had a median 5-year gain of $125,500 versus graduates of the best international two-year business schools who had a median gain of $64,000 and graduates of U.S. two-year schools who had a median gain of only $42,500.

For four years in a row now, SP Jain has featured in Forbes’ rankings. In 2013-2014, it was ranked #11 in the world.

Forbes ninth ranking of business schools is based on the return on investment achieved by the class of 2010. Forbes reached out 17,400 alumni at 95 schools around the globe and compared graduates’ earnings in their first five years out of business school to their opportunity cost (the years of forgone compensation, tuition and required fees) to arrive at a five-year MBA gain, which determines the final rank. Schools whose alumni had response rates below 15% or a negative return on investment after five years were eliminated.

SP Jain School of Global Management, bucks this average and boasts the highest job acceptance rate. Three-months after graduation 97% of its class were employed. Alumni saw a median $51,800 gain on their investment five years post-M.B.A.

“In the last 5 years of our 11-year old history, we have consistently featured in top rankings by Forbes, Financial Times and Nielsen,” said Nitish Jain, President, SP Jain School of Global Management. “We are a young, innovative business school that has reimagined its MBA program to enhance the global employability and mobility of its graduates. Last year alone, we had over 100 graduates placed in countries like Australia, Singapore, Malaysia and the Middle East.”

Forbes’ 2015 ranking of The Best Business Schools highlights the benefits of intensive one-year programs particularly common in Europe. They offer the best and quickest return on investment for M.B.A. students.

Class of 2010 graduates from the best international one-year business schools had a median 5-year gain of $125,500 versus graduates of the best international two-year business schools who had a median gain of $64,000 and graduates of U.S. two-year schools who had a median gain of only $42,500.

The advantage of giving up only one year of salary also meant less time paying back the cost of an M.B.A.. It took only 2.6 years for the 2010 M.B.A. class to pay off an international one-year program. Two year international programs took 3.4 years to pay off; their U.S. counterparts took 4 years to pay off.

Insead was ranked No. 1 spot in the Forbes ranking of The Best International One-Year Business Schools. Alumni of its Class of 2010 realized a 5-year gain of $171,200 and it took the typical graduate 2.4 years to pay back their M.B.A. investment.

In comparison, business school graduates from Stanford Graduate School of Business, the top ranked U.S. program that led all two-year programs, had a 5-year gain of $89,100 and it took them 4.2 years to pay back the investment. Both schools’ cohorts’ pre-M.B.A. salary was around $85,000. Stanford graduates can’t complain though. Five years out they are banking $255,000 in salary, the most of any business school students.

Forbes Ranking of Top 10 Two-Year MBA programmes

IMD slipped to No. 2 in the Forbes ranking with a median 5-year gain of $163,600. Students arrived at the Lausanne, Switzerland campus with a median salary of $90,000 and five years after leaving it are making $226,000, besting the earnings profile of Insead’s class. However, an IMD M.B.A. comes with a heftier price tag. It costs $91,380 to attend versus Insead’s $68,740.

Of course there are certain drawbacks to a one-year program. Judging by graduate job placement figures, the obvious and biggest one may be the lack of a summer internship which many use at two-year programs to secure employment post-M.B.A. Around the globe among two-year programs 90% of graduates accepted a job three months after graduation. For 1-year international programs that number dropped to 87% – a gap of 3%.

Methodology: Every two years, Forbes ranks the world’s business schools based on their return on investment. Forbes compared the earnings for the Class of 2010 in their first five years out of business school to their opportunity cost (one year/ two years of forgone compensation, tuition and required fees) and measured total compensation, including salary, bonuses and exercised stock options. Forbes assumes that compensation would have risen half as fast as their post-M.B.A. salary increases had these alumni not attended business school. The “5-year M.B.A. gain” represents the net cumulative amount the typical alumni would have earned after five years by getting their M.B.A. versus staying in their pre-M.B.A. career. The schools are all ranked based on their 5-year M.B.A. gain.