Financial Times (FT) has released its Global MBA Ranking 2014. IIM Bangalore’s (IIM B) One year MBA (EPGP) is the newest course from India to join the Top 100 league and has been ranked at No. 68 in the ranking – the highest debut by a course on the ranking this year. IIM A’s One year MBA (PGPX) slides down four slots from 26 to 30, but retains its status as the No.1 MBA in India. Indian School of Business’s (ISB) One year MBA (PGP) slides from 34 to 36 rank.
India now has three courses in the Financial Times Global MBA Ranking – one of the leading MBA rankings in the world. Indian Institute of Management’s One year MBA (EPGP) is the latest school from India to join the bandwagon. IIM B’s debut at No. 68 is the highest debut for any new course in the 2014 edition of the ranking.
FT awards courses instead of business schools in the MBA ranking and its worth noting the stellar performance in the ranking by the relatively young One year MBA programmes at Indian Institutes of Management, Ahmedabad, Indian School of Business and Indian Institute of Management, Bangalore – IIM B’s One year course for instance was established just a few years back in 2009.
With over 10,000 business schools in the world, getting ranked in the FT MBA ranking is a huge honour: the achievement means that the business school is ranked in the Top 1% of global business schools for its MBA course.
While IIM A’s One year MBA (PGPX) had debuted on the ranking as the No.11 MBA in the world in 2012, it has lost some ground in the rankings over the past few years. In 2013 the school had ranked No. 26.
IIM A’s PGPX, in 2012, by virtue of its No. 11 rank, was also ranked as the No. 1 MBA in Asia. In 2014, that mantle has been captured by CEIBS, China which is ranked No. 17 on the ranking.
It is worth noting that the FT MBA ranking considers only full time MBA courses that recruit candidates with prior work experience – this is a basic requirement for a course to be considered an MBA at all global business schools. From India, only the One year MBA programmes qualify. Read: FT ranks IIM Calcutta’s & IIM Ahmedabad’s PGP in MIM ranking. MBA aspirants take note.
for more on this.Harvard Business School has topped the 2014 global MBA ranking for the second year in a row and fifth time since the FT began ranking full-time MBA programs in 1999. Stanford Graduate School of Business held on to its second place finish of last year, but Wharton slipped from its third-place perch to fourth, replaced by London Business School. Columbia Business School and INSEAD shared fifth place.
The Top 25 schools on the Financial Times’ 2014 Global Ranking
| 2014 Rank & School | 2013 Rank | Change | Weighted Salary | Increase in Pay |
|---|---|---|---|---|
| 1. Harvard Business School | 1 | — | $178,300 | 113% |
| 2. Stanford | 2 | — | $184,566 | 100% |
| 3. London Business School | 4 | +1 | $156,533 | 107% |
| 4. Penn (Wharton) | 3 | -1 | $170,472 | 99% |
| 5. Columbia | 5 | — | $164,181 | 116% |
| 5. INSEAD | 6 | +1 | $148,143 | 87% |
| 7. IESE | 7 | – | $143,168 | 125% |
| 8. MIT (Sloan) | 9 | +1 | $157,262 | 101% |
| 9. Chicago (Booth) | 10 | +1 | $156,004 | 100% |
| 10. Yale | 14 | +4 | $150,880 | 114% |
| 11. UC-Berkeley (Haas) | 12 | +1 | $149,487 | 91% |
| 12. IMD | 19 | +7 | $142,446 | 72% |
| 13. IE Business School | 11 | -2 | $146,933 | 112% |
| 14. Hong Kong UST | 8 | -6 | $125,060 | 139% |
| 15. Northwestern (Kellogg) | 13 | -2 | $157,719 | 94% |
| 16. Cambridge (Judge) | 16 | – | $144,350 | 92% |
| 17. Duke (Fuqua) | 18 | +1 | $141,772 | 100% |
| 17. New York (Stern) | 19 | +2 | $140,662 | 97% |
| 17. CEIBS | 15 | -2 | $127,117 | 156% |
| 20. Dartmouth (Tuck) | 16 | -4 | $150,754 | 101% |
| 21. HEC Paris | 21 | – | $120,016 | 104% |
| 22. ESADE | 22 | – | $120,718 | 120% |
| 23. Oxford (Said) | 24 | +1 | $133,315 | 91% |
| 23. Michigan (Ross) | 30 | +7 | $136,828 | 107% |
| 25. Warwick | 28 | +3 | $119,121 | 87% |
Top 26-50 MBA Programs In Financial Times’ 2014 Global Ranking
| 2014 Rank & School | 2013 Rank | Change | Weighted Salary | Increase in Pay |
|---|---|---|---|---|
| 26. UCLA (Anderson) | 27 | -1 | $140,712 | 97% |
| 27. Virginia (Darden) | 33 | +6 | $142,131 | 104% |
| 27. Cornell (Johnson) | 25 | -2 | $136,707 | 103% |
| 29. Univ. of Hong Kong | 32 | +3 | $113,038 | 109% |
| 30. IIM-Ahmedabad | 26 | -4 | $157,459 | 86% |
| 31. SDA Bocconi | 37 | -6 | $112,901 | 112% |
| 32. University of Singapore | 30 | -2 | $91,358 | 147% |
| 33. UNC (Kenan-Flagler) | 45 | +12 | $124,669 | 101% |
| 34. Carnegie Mellon (Tepper) | 37 | +3 | $129,296 | 98% |
| 35. Rice (Jones) | 39 | +4 | $118,473 | 120% |
| 36. Georgetown (McDonough) | 40 | +4 | $124,990 | 98% |
| 36. Indian School of Business | 34 | -2 | $117,308 | 130% |
| 38. Nanyang | 35 | -3 | $96,202 | 112% |
| 39. Texas-Austin (McCombs) | 45 | +6 | $129,225 | 89% |
| 39. Rotterdam | 34 | -5 | $98,771 | 94% |
| 41. Emory (Goizueta) | 43 | +2 | $122,468 | 103% |
| 41. City University (Cass) | 40 | -1 | $110,260 | 76% |
| 43. Manchester | 34 | -9 | $106,535 | 96% |
| 44. Illinois-Urbana | 48 | +4 | $112,482 | 111% |
| 45. Sungkyunkwan University | 54 | +9 | $110,828 | 86% |
| 46. Cranfield | 40 | -6 | $120,941 | 75% |
| 47. Indiana (Kelley) | 49 | -2 | $112,353 | 116% |
| 48. UC-Irvine (Merage) | 61 | +13 | $106,764 | 100% |
| 49. Imperial | 46 | -3 | $103,604 | 68% |
| 50. Maryland (Smith) | 50 | – | $107,236 | 93% |
Hit the link for the complete Financial Times Global MBA Ranking 2014