Stanford Graduate School of Business has grabbed the number 1 rank pushing INSEAD to the 2nd spot in the Financial Times (FT) Global MBA Ranking 2018.
Significantly, the 2-year full-time MBA programs that seemed to have been on the way out in comparison with the shorter 1-year full-time MBA, has made a strong comeback in this year’s rankings. With the exception of INSEAD that had been at the top in the rankings for two years in succession, all the nine ranks in the top 10 are 2-year programs.
The FT ranking is for individual programs, including the 1 Year MBA of each B-Schools and not B-Schools ranking.
While Wharton School at the University of Pennsylvania retains its 3rd rank, London Business School (LBS) moves up to the 4th place after dropping to 6th rank in 2017. Harvard Business School (HBS) is in the 5th spot, down one place from the previous year. This is Harvard’s lowest rank since 2008.
The FT ranking is for individual programs, including the 1 Year MBA of each B-Schools and not B-Schools ranking.
The University of Chicago Booth is ranked 6th, followed by Colombia Business School in the 7th rank, Ceibs 8th, MIT Sloan 9th and University of California Berkeley Haas in the 10th rank.
Meanwhile, the Indian School of Business (ISB) slipped to 28 while IIM-Ahmedabad, which was at 29th position last year, dropped to 31. However, IIM-Bangalore climbed to 35th ran from 49th in the previous year. IIM-Calcutta too improved its position to rank 78th from 95th in 2017, sharing the honours with McGill University Desautels, Canada.
However, it was Jones Graduate School of Business at Rice University in Houston that made the biggest jump, climbing 19 places to 45.
FT says Stanford has become number one after a gap of six years. Its alumni managed to get a significant salary boost, up nearly $20,000 to $214,000. This is the highest average salary (not adjusted for inflation) since the inaugural ranking in 1999.
The school also got a boost for its focus on personal development. More than a quarter of the latest graduating cohort went for an internship abroad, the highest among ranked US schools, where the average is just 4%. The school ranks 32 overall for international course experience.
While graduates of the class of 2014 at Harvard and LBS managed to draw higher average salaries three years on than the previous cohort (up by about $14,000 to $192,000 and $168,000 respectively, their research ranks dropped significantly, from 3rd to 16th for Harvard and 12 to 27 for LBS.
Among the Asian schools, the Shanghai-based Ceibs was the highest ranked in the 8th spot. The National University of Singapore Business School also climbed eight places to 18. Renmin University of China School of Business was at 39, up four places from 2015. Lee Kong Chian School of Business became the third-ranked school from Singapore and the highest new entrant at 49.
Graduates of the class of 2013 from Jones Graduate School of Business at Rice University managed an average salary of $139,000, up $8,000 compared with the previous cohort. The salary rise from pre-MBA levels also increased by 21 percentage points to 118%.
Lancaster University Management School had the biggest fall, dropping 28 places to 70. The graduates from the class of 2014 saw a drop in salary, down $10,000 to $104,000, three years after graduation.
Rank in 2018 | Rank in 2017 | 3 year average rank | School name | Country | Salary today (US$) | Salary percentage increase |
1 | 2 | 3 | Stanford Graduate School of Business | US | 213236 | 114 |
2 | 1 | 1 | Insead | France / Singapore | 177101 | 105 |
3 | 3 | 3 | University of Pennsylvania: Wharton | US | 191150 | 96 |
4 | 6 | 4 | London Business School | UK | 167651 | 109 |
5 | 4 | 4 | Harvard Business School | US | 189375 | 102 |
6 | 9 | 8 | University of Chicago: Booth | US | 177001 | 118 |
7 | 7 | 7 | Columbia Business School | US | 177500 | 103 |
8 | 11 | 12 | Ceibs | China | 164893 | 168 |
9 | 13 | 10 | MIT: Sloan | US | 173214 | 98 |
10 | 13 | 10 | University of California at Berkeley: Haas | US | 172271 | 104 |
11 | 10 | 12 | Iese Business School | Spain | 148390 | 126 |
12 | 12 | 12 | Northwestern University: Kellogg | US | 168818 | 103 |
13 | 5 | 9 | University of Cambridge: Judge | UK | 163798 | 100 |
14 | 15 | 14 | HKUST Business School | China | 157998 | 112 |
15 | 15 | 16 | Yale School of Management | US | 167691 | 114 |
16 | 18 | 19 | Dartmouth College: Tuck | US | 172735 | 110 |
17 | 27 | 25 | Cornell University: Johnson | US | 160042 | 123 |
18 | 26 | 25 | National University of Singapore Business School | Singapore | 144077 | 134 |
19 | 24 | 21 | Duke University: Fuqua | US | 156779 | 101 |
20 | 17 | 20 | Esade Business School | Spain | 145351 | 119 |
21 | 20 | 19 | HEC Paris | France | 133932 | 105 |
22 | 24 | 25 | Nanyang Business School | Singapore | 132288 | 125 |
23 | 19 | 20 | New York University: Stern | US | 154163 | 107 |
24 | 21 | 19 | IMD | Switzerland | 157640 | 79 |
25 | 32 | 30 | UCLA: Anderson | US | 158866 | 107 |
26 | 23 | 23 | University of Michigan: Ross | US | 154151 | 114 |
27 | 33 | 29 | University of Oxford: Saïd | UK | 146590 | 99 |
28 | 27 | 28 | Indian School of Business | India | 149142 | 164 |
29 | 22 | 25 | SDA Bocconi | Italy | 120151 | 117 |
30 | 40 | 38 | Georgetown University: McDonough | US | 142606 | 113 |
31 | 29 | 28 | Indian Institute of Management Ahmedabad | India | 175801 | 101 |
32 | 35 | 31 | University of Virginia: Darden | US | 152196 | 110 |
33 | 39 | 39 | University of Hong Kong | China | 128245 | 121 |
34 | 34 | 36 | Shanghai Jiao Tong University: Antai | China | 121635 | 182 |
35 | 49 | 49 | Indian Institute of Management Bangalore | India | 166651 | 114 |
36 | 30 | 35 | Alliance Manchester Business School | UK | 123484 | 98 |
37 | 31 | 37 | Rotterdam School of Management, Erasmus University | Netherlands | 122580 | 88 |
37 | 43 | 40 | University of North Carolina: Kenan-Flagler | US | 137766 | 116 |
39 | Renmin University of China School of Business | China | 99461 | 173 | ||
40 | 38 | 37 | Carnegie Mellon: Tepper | US | 143715 | 108 |
41 | 44 | 44 | Warwick Business School | UK | 110264 | 77 |
42 | Fudan University School of Management | China | 103032 | 175 | ||
43 | 36 | 35 | CUHK Business School | China | 122866 | 108 |
44 | 46 | 46 | University of Texas at Austin: McCombs | US | 149188 | 98 |
45 | 64 | 54 | Rice University: Jones | US | 136065 | 118 |
46 | 37 | 40 | City University: Cass | UK | 123201 | 80 |
47 | 51 | 51 | Emory University: Goizueta | US | 142663 | 114 |
48 | 41 | 46 | University of Washington: Foster | US | 132391 | 94 |
49 | Singapore Management University: Lee Kong Chian | Singapore | 112173 | 134 | ||
50 | 68 | 66 | Washington University: Olin | US | 122111 | 107 |
51 | 57 | Arizona State University: Carey | US | 114470 | 129 | |
51 | 45 | 44 | Imperial College Business School | UK | 118324 | 68 |
51 | 54 | 58 | Sungkyunkwan University GSB | S Korea | 113701 | 93 |
54 | 61 | 62 | Georgia Institute of Technology: Scheller | US | 131544 | 140 |
55 | 69 | Purdue University: Krannert | US | 122704 | 119 | |
55 | 52 | 53 | University of Maryland: Smith | US | 121018 | 99 |
57 | 47 | 53 | Indiana University: Kelley | US | 126320 | 114 |
58 | University of Florida: Hough | US | 105743 | 147 | ||
59 | 48 | 53 | University of Southern California: Marshall | US | 136348 | 95 |
60 | 59 | 60 | University of St Gallen | Switzerland | 115879 | 64 |
61 | 54 | 55 | Mannheim Business School | Germany | 118260 | 68 |
61 | 53 | 57 | Cranfield School of Management | UK | 122184 | 72 |
63 | 54 | 61 | AGSM at UNSW Business School | Australia | 115909 | 59 |
64 | 62 | 61 | University of California at Irvine: Merage | US | 120245 | 114 |
64 | 75 | 68 | Durham University Business School | UK | 104306 | 118 |
66 | 76 | 76 | Melbourne Business School | Australia | 108224 | 78 |
67 | 80 | 72 | Boston College: Carroll | US | 130706 | 101 |
68 | 63 | 69 | Ohio State University: Fisher | US | 117631 | 130 |
68 | 65 | 71 | Brigham Young University: Marriott | US | 130450 | 131 |
70 | 42 | 49 | Lancaster University Management School | UK | 104106 | 95 |
71 | 65 | 68 | Wisconsin School of Business | US | 125786 | 107 |
72 | 58 | 65 | Michigan State University: Broad | US | 109486 | 135 |
73 | 79 | 74 | Vanderbilt University: Owen | US | 127483 | 109 |
73 | 91 | 87 | University of Edinburgh Business School | UK | 113420 | 79 |
75 | 74 | 78 | Edhec Business School | France | 107505 | 79 |
75 | 89 | 84 | Pennsylvania State University: Smeal | US | 119673 | 119 |
77 | 60 | 71 | University of Notre Dame: Mendoza | US | 126025 | 117 |
78 | 95 | Indian Institute of Management Calcutta | India | 139244 | 117 | |
78 | McGill University: Desautels | Canada | 99204 | 86 | ||
80 | 70 | 63 | The Lisbon MBA | Portugal | 113470 | 75 |
81 | 87 | 86 | Babson College: Olin | US | 131627 | 99 |
82 | 85 | 88 | University of Pittsburgh: Katz | US | 105732 | 133 |
83 | 77 | 82 | University of Rochester: Simon | US | 119341 | 125 |
84 | University of Connecticut School of Business | US | 116530 | 118 | ||
85 | 88 | 81 | University of Minnesota: Carlson | US | 117480 | 91 |
86 | 65 | 70 | University of Toronto: Rotman | Canada | 97446 | 77 |
86 | 82 | 80 | Boston University: Questrom | US | 123221 | 103 |
88 | 70 | 74 | ESMT Berlin | Germany | 106581 | 57 |
89 | 70 | Rutgers Business School | US | 118144 | 112 | |
90 | 94 | 91 | Western University: Ivey | Canada | 104894 | 74 |
91 | SMU: Cox | US | 122962 | 104 | ||
92 | Leeds University Business School | UK | 100049 | 92 | ||
93 | 93 | University of Texas at Dallas: Jindal | US | 97708 | 108 | |
94 | WHU Beisheim | Germany | 112794 | 54 | ||
94 | 70 | 81 | University College Dublin: Smurfit | Ireland | 102643 | 63 |
96 | Essec Business School | France | 102201 | 48 | ||
97 | University of San Diego School of Business Administration | US | 103952 | 109 | ||
98 | 80 | 80 | University of Strathclyde Business School | UK | 91814 | 86 |
99 | EMLyon Business School | France | 92517 | 59 | ||
100 | Copenhagen Business School | Denmark | 91807 | 44 | ||
100 | University of Bath School of Management | UK | 93461 | 66 |