HEC Paris climbed to the top in the FT European Business School Rankings 2019 pushing London Business School to the second spot while Milan, Italy-based SDA Bocconi moved to the third place from being ranked 6th in the previous two years.
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Apart from HEC, LBS and SDA Bocconi, in the top 10, Switzerland’s University of St. Gallen retained the 4th rank for the third year. INSEAD, however, dropped to two placed down to the 5th rank it held in 2017 also.
Barcelona-based IESE fell one spot to rank 6 while Essec Business School of France moves up one place to rank 7. IE Business School climbed from being ranked 20 in 2018 to the 8th rank. It was ranked 3rd in 2017. ESMT Berlin jumped to the 9th rank from its 24th place in the previous year. Oxford Saïd retained the 10th rank for the second year.
HEC secured the 6th rank in full-time MBA, 1st rank in Executive MBA, 2nd in Masters in Management and 6th in Open Executive education. In MBA salary today, the graduates reported $ 142,622, a 106% increase. Its overall success could be attributed to high alumni salaries and pay increases for MiM and EMBA graduates.
The average MBA alumni salary is calculated on the basis of three years after graduation in US dollars by purchasing power parity (PPP) including weighted data from the current and two previous years, where available.
LBS was ranked 2nd in full-time MBA, 5th in Executive MBA, 3rd in MiM and 7th in Open Executive Education. The alumni received an average salary of $ 1,778, an increase of 106%.
SDA Bocconi was ranked 9th in full-time MBA, 34th in Executive MBA, 9th in MiM and 11th in Open Executive Education. The alumni’s average salary was pegged at $ 130,628, an increase of 124%.
FT says the ranking of European business school is has taken into account the combined performance of the schools across the five main rankings of full-time MBA, Executive MBA, Masters in Management (MiM) and the two rankings of non-degree executive education programs. It excludes the online MBA and the Masters in Finance.
The MBA, EMBA and MiM account for 25% each for the school’s total performance. In executive education, the scores obtained for customized and open programs each account for 12.5%.
The ranking also considers the quality and breadth of the program. Only those schools that participated in all the five rankings were eligible for a full score. FT created an indexed score for each ranking. These scores were added to create a combined total for each school.
Then, it was divided by the number of rankings in which a school features to calculate the average score. It is added to the combined total score to generate a final score by which the schools are ranked.
The scores are not solely based on the aggregation of published ranking positions. They are calculated using Z-scores — formulas that reflect the range between the top and bottom school — for the individual criteria that make up each component ranking.
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