INSEAD Remains No.1 in FT Global MBA Ranking 2017

INSEAD has retained its top position for the second successive year in the the Financial Times Global MBA Ranking 2017 while Stanford Graduate School of Business moved up to the 2^nd rank from its fifth place in the previous year.

The Wharton School at the University of Pennsylvania moved up one spot to occupy the third place. Harvard Business School dropped to 4^th rank from the 2^nd place it held in 2016.

The London Business School (LBS) fell three spots to the 6^th rank and MIT Sloan School of Management dropped to the 13^th place from being ranked 9^th in 2016. This is the first time in a decade that Sloan failed to make it among the top ten.

Judge Business School at the University of Cambridge moved up from the 10^th rank it held in 2016 to occupy the 5^th spot, for the first time replacing LBS as the top ranked UK business school.

 It  was also ranked the Best value for money. With its one-year MBA, Judge has the lowest tuition fees among the top 15 schools, at about £40,000 in 2012. its alumni have the second lowest opportunity cost, at about $60,000 behind INSEAD.

ALSO READ: 730 GMAT, 318 International Students: Harvard’s MBA Class Of 2017

Stanford topped the rankings for career progress. About 42% cent of alumni hold positions at director level or above three years after graduation, compared with 22% on average for ranked programmes.

FT says the ranking is based on surveys of the business schools and their graduates of 2013. The assessment is based on the career progression of alumni, the school’s idea generation and the diversity of students and faculty.

INSEAD had, in 2016, become the first school offering a 1-year full time MBA program to grab the first rank. With campuses in Fontainebleau, France, established way back in 1957 and the second one in Singapore set up in 1999, the school boasts of a strong intercultural leanings with the most extensive and diverse alumni networks.

While its weighted salary is only $167,657 compared to Stanford’s $195,322, it scores with 95% salary increase compared to the US school’s 93%.

However, it is the 34^th ranked Shanghai Jiao Tong University: Antai that managed to secure a whooping 172% increase in salary for its alumni with the weighted salary pegged at $123,330.

The Indian School of Business’ (ISB) 1 Year PGP ranked 27^th, up two spots from the previous year, also reports a salary increase of 160% with the weighted salary at $145,453.

The Indian Institute of Management Ahmedabad’s (IIM-A) 1 Year Full Time MBA (PGPX) slipped from rank 24 to 29^th this year while recording a 105% increase in salary and the weighted pay pegged at $181,863.

IIM Bangalore’s 1 Year Full Time MBA (EPGP), the third Indian programme in the 100-rank list, is placed 49, having climbed 13 places from its 62^nd rank in 2016. It recorded a salary increase of 96% with the weighted pay at $152,000.

Stanford’s alumni have the highest salary on average at $195,000 but overall the top 15 MBA programmes are closely matched in terms of income, career progress and satisfaction.

All but one have average alumni salaries greater than $150,000, with a pay increase of about 100 per cent compared with their pre-MBA income.

FT says the latest figures show US business schools improving their strength in the rankings with the numbers going up to 51 after having dropped down to 47 in 2016.

Among them, Rutgers Business School, New Jersey was the highest new entrant at 70. WP Carey School of Business at Arizona State University is the highest returning school at 57.

Moore School of Business at the University of South Carolina returns at 77. Moore also grabbed the top spot for international course experience with its students spending several months to a year overseas.

Canadian schools continued to lose with only three figuring in the rankings compared to five in the previous year. Rotman School of Management at the University of Toronto is the highest ranked at 65, while Smith h of Business at Queen’s University is bottom of the table in 100th place.

Australian and Spanish schools were on the upswing. Sydney’s Macquarie Graduate School of Management was Australia’s top placed institution at 49 and Spain’s IE Business School moved up four places to eighth, the first time since 2012 that the Madrid school is back in the top 10.

Global MBA Ranking 2017

(Image Source:Wikipedia.org)