International one-year MBA leads the pack in FT 2016 ranking
Posté par Neil Athertonil y a 1 annéepas de commentaire
The king of MBAs has been dethroned. After a total of 6 years of sitting in the top spot of the FT’s Global MBA ranking, Harvard Business school has been superseded by the most international of European schools, Insead.
The school’s alumni from 2012 earned an impressive $167,000 three years after graduation, but it was the value for money criteria that elevated it above other top-flight competitors London Business School (ranked 3rd), Wharton (4th), Stanford (5th) and Columbia (6th). The reason is that Insead’s MBA is taught over 12 months whereas the others are two year programmes, a format cherished by US schools but one which is proving difficult to sustain for schools outside the top tier. Indeed, Insead’s is the first ever one-year programme to reach the number one spot.
There was little change in the rest of the top 20, but IMD in Switzerland climbed seven places to 13, while Spain’s Iese Business School fell nine places and Ceibs lost six. Other losers included UCLA Anderson (from 25th in 2015 to 34th) and the University of Hong Kong (from 28th to 44th).
There are nine new entries this year, with Renmin University of China Business School being the highest ranked in 43rd place. Renmin also came out on top for the proportion of women students, with 59% of the student body made up of females. It is interesting to note that as a whole, Chinese schools have 44% female students – the highest of any other nation – while the overall average is a lowly 27%.
Internationally speaking, IMD is head and shoulders above the rest. The Swiss school, along with two others – Grenoble and Birmingham – has 100% international students, closely followed by Rotterdam School of Management and Lancaster with 98%. IMD also had 95% international faculty, making it first in that criteria, as well as taking first place for international mobility, meaning graduates worked in a different country three years after graduation than pre-MBA.
Meanwhile, there was a shift in the loyalty of MBA graduates. While many from the class of 2012 may have told their employers that they hoped to increase earnings, enlarge their network and improve business acumen in order to get the necessary funding from their boss, the FT’s data actually shows that getting a promotion at their current company was the least cited criteria. Changing employer and career were rated among the highest-scoring priorities, with 7.7 and 8 out of 10 respectively. In fact, it turns out that graduates’ ultimate aim was the “triple jump” – parlance for not only getting a different job, but also in a different industry and in a different country.