Business School Report - 2013

QS Global 200
Business Schools Report

2013/2014
Nunzio Quacquarelli, MA Cambridge, MBA Wharton
Danny Byrne, BA Oxford, MA University College London
Unlocking the worlds top 200 business schools according to MBA employers
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The QS Global 200 Business Schools Report originated in the
early 1990s as an alternative to business school rankings.
The ratings provide a detailed overview of the most popular
business schools around the world, based on details provided to
QS by over 4,318 employers who actively recruit MBA graduates.
Without inferring any overall rankings, QS objective is to
provide a resource to help prospective MBA students identify
the business schools from which employers most actively
recruit. The research is intended to be of use to MBA employers,
prospective MBA students and institutions worldwide that are
interested in international business education and recruitment
trends.
At the heart of the report is the denitive list of 200 business schools
from which employers prefer to recruit MBAs. This list is compiled
from an annual survey of human resources (HR) managers and line
managers with recruiting responsibilities at companies around the
world. Each year, employers recommend new schools to be added to
the list. This is then sent to other recruiters to rate.
Introduction
QS Global 200 Business Schools
Report 2013/14
Fast Facts

1.0
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Five schools received the maximum score for employer recognition, identifying
them as the leading schools in their region: Harvard and Stanford (North
America), INSEAD - France and London Business School (Europe), and INSEAD
Singapore (Asia-Pacic).
Report highlights four distinct categories of business school in terms of
employer recognition: Elite Global; Emerging Global; Elite Regional; Emerging
Regional
Of the 33 leading institutions to make the Elite Global category, 12 are from the
US. The other nations with Elite Global business schools are Canada (6), UK (3),
Spain (3), Switzerland (2), France (2), Denmark (1), India (1), Ireland (1), Italy (1)
and Singapore (1).
Australia has no Elite Global business schools, despite having the third-
highest number of global top-100 universities in the QS World University
Rankings. The UK has just three, despite having four of the top ten universities
in the world
MBAs from Elite Global schools in North America earn more than those from
any other region. Salary+bonus packages average US$123,239, slightly more
than the European gure of US$122,983
The school with the highest average graduate salary is Switzerlands IMD
(US$159,912), ahead of the USs Stanford Graduate School of Business
(US$156,265)
Schools ranked for employer reputation in ten subject specializations. Harvard
tops the table in ve subjects, with ve other schools top in one subject each:
INSEAD, Kellogg, MIT Sloan, Stanford and Wharton
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Two Asian schools make the Elite Global category: INSEAD Singapore and Indian
Institute of Management, Ahmedabad
Still no Elite Global schools in either Africa & Middle East or Latin America
The top schools in Africa & Middle East for employer reputation are South
Africas University of Cape Town Graduate School of Business and University of
Witwatersrand, and American University of Sharjah
Top Latin American schools are EGADE-Tecnologico de Monterrey, Campus
Monterrey, Ponticia Universidad Catlica de Chile, and Business School Sao
Paulo
Report 2013/14
Business school
categories
2.0
This years report divides the worlds top 200 business
schools into four categories, based on their level of
international employer recognition.
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Elite global
Elite Global business schools form an established cadre of
the worlds very best business institutions. They are targeted
by a wide range of employers, both domestically, regionally
and globally. Highly international, they typically admit only
experienced candidates with superior GMAT scores and all-
round credentials. Their name will transform the resume of
any candidate. MBAs will in many cases go on to be inuential
business leaders, and can expect to earn top salaries upon
graduation.
Emerging Global
Emerging Global business schools have an established reputation
for excellence among employers that stretches well beyond
their region. They attract high-quality candidates from all over
the world, and graduates can expect to earn highly competitive
salaries. Though in many cases they are newer and not as rmly
established as the brand name institutions that make up the
Elite Global cluster, these institutions will in many cases aspire to
break into the Elite Global group in years to come.
Elite Regional
Elite Regional institutions are well regarded by employers within
their region, and may have started to develop a reputation further
aeld. Admitted students typically have strong credentials,
though they may be slightly less experienced on average than
those at Elite Global or Emerging Global institutions. Elite
Regional institutions are often younger institutions that, having
established an excellent reputation among employers within their
region, will be looking to establish their brand as one with a truly
global reach.
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Emerging Regional
Emerging Regional institutions have established a solid reputation
among employers within their own country. They will appeal to
candidates with fewer years of professional experience, and graduate
salaries are on average more modest than those at Elite Regional
institutions. Having established a good reputation among domestic
employers, they will now be looking to increase their visibility among
international employers and students.
In addition to these global groupings, the research provides ratings of
the most popular business schools according to two denitive categories:
Regional ratings:
Africa and the Middle East
Asia-Pacic
Europe
Latin America
North America
MBA specialization* ratings:
Corporate social responsibility (CSR)
Entrepreneurship
Finance
Information management
Innovation
International management
Leadership
Marketing
Operations management
Strategy
*MBA specialization refers to a business schools perceived area of expertise
among MBA employers. Throughout the report the above 10 areas of expertise
are referred to as MBA specializations.
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Regional MBA ratings
Management education is globalizing. The past
decade has seen an increase of accredited business
schools open in emerging markets such as in the
BRIC countries (Brazil, Russia, India, and China).
While business schools in the US and Europe remain
the most popular study destinations among MBA
students, schools elsewhere in the world such as
those in Asia-Pacic are growing in popularity. The
proliferation of accredited programs around the
globe has led to a wider choice for MBA applicants
over the past few years. Recent trends indicate that
there is greater onus on choosing the right country
as well as the right business school. According to
the TopMBA.com Applicant Survey 2013, over 50%
of MBA students are choosing schools based on the
country in which they wish to work.
Furthermore, international MBA recruiting is no
longer the domain of a few prestigious US and
European companies. A growing number of HR
managers in the Asia-Pacic region, Latin America,
and the Middle East are informed about MBA
education. Managers in these regions have been
asked to share their views on the schools they would
prioritize for MBA hiring.
There is a greater focus on regional MBA trends
and in order to provide data to help students and
recruiters choose which schools to apply to and
recruit from, QS has categorized its business school
ratings by region.
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MBA specialization ratings
According to the QS TopMBA Applicant Survey,
school specializations are the eighth most
important criterion for school selection. According
to the survey, which is the largest of its kind, school
specializations are more important to applicants
than MBA rankings, convenience of location, or
recommendations from peers, colleagues and even
employers.
The MBA curriculum is changing to respond to
this in the offering of MBA specializations. For
professionals who want to further their careers in
the eld that they are already working in, an MBA
with a specialist focus would be a viable option.
In developing ratings on MBA specializations, QS
aim is to provide a useful resource for prospective
students and employers alike to help aid decisions
over which schools to apply to, or which to
recruit from. MBA programs that do not offer
specializations can still produce graduates that
excel in specialist elds.
The results of the QS Global 200 Business Schools
Report are based on MBA recruiters opinions and
as such, employers also voted on general MBA
programs that provide training and education
in any one of 10 specialist elds, as well as
programs that specialize in a particular eld.
There is now greater diversity in the many MBA
specializations on offer, but QS rates the 10 core
MBA specializations.
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The objective of the QS Global 200
Business Schools Report is to provide
an indication of the employability of
an MBA upon graduation. As such, QS
believes a ratings system as opposed
to the traditional business school
rankings provides a reliable measure of
the employability outcome of an MBA
program.
Traditional rankings assess on average
15 to 20 criteria in order to provide
an overarching indication of student
satisfaction. These vary but are mostly
based on general aspects: academic
peer review, citations per faculty,
faculty-student ratio, and international
students, for example.
The QS Global 200 Business Schools
Report only measures one indicator
the employability outcome of an MBA
program by region and specialization.
Focusing solely on employers views
provide a reliable insight as to which
business schools produce MBA
graduates and alumni that are favored
by recruiters. This is derived from
employers votes as to which schools
they prefer to recruit MBA graduates.
Employers and HR decision makers
worldwide are at the forefront of
witnessing the worth of an MBA.
QS believes that they are in the best
position to judge the value of a business
schools graduates, and have among the
most objective and informed opinions
as to which are the best business
schools. When an HR department selects
a business school to recruit MBAs
from, the decision will often be the
result of an intensive research exercise:
evaluating the strength of faculty, the
facilities and the relevance of the course
to the employee and the companys
needs.
Similarly, when HR managers choose
which business schools to recruit from,
they will draw from a wide range of
information sources. They assess the
quality and efciency of the schools
career services and the reputation of the
school, for example. HR decision makers
look beyond rankings and examine the
facilities, the course content and the
quality of students. Year-on-year, this
survey reveals remarkable consistency
in school selection. Allegiance to
particular schools is not gained or lost
by one good or bad student but by a
sustained experience over several years.
Global employability: business school rankings or ratings?
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Methodology
The QS Global 200 Business Schools Report survey (hereafter referred
to as the survey) captures the preferred set of business schools each
responding employer wishes to recruit from, either now, in the recent
past or in the near future.
QS asks international employers to select the schools they consider for
hiring MBA graduates from. Employers that focus on domestic hiring
are not included in the survey. However, QS recognizes that many
excellent schools that cater predominantly for their local recruitment
market may therefore not appear in the tables.
We include only business schools offering full-time MBA programs
and as such well-known business schools like ESCP Europe and HEC
Lausanne (which only offer executive MBA, part-time MBA and/or
masters programs) are excluded.
In order to produce the QS Global 200 Business Schools Report, QS
focuses on experienced HR and line managers at organizations that
actively recruit MBAs. Respondents from each company are asked
a series of questions about MBA recruiting in the previous and the
forthcoming year.
Employer responses to these questions provide information on the
following:
MBA recruitment trends
MBA salaries and compensation trends
Global business school ratings by region
Global business school ratings by specialization
Each employer is asked to list, unprompted, the international schools
from which they have recently attempted to recruit MBAs. Each time
a school is selected by an employer, it receives one vote and the total
number of votes is referred to as the total unprompted votes.
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From a list of 500 business schools that have been categorized
by region, employers are then asked to identify the schools they
regard as attractive for the purpose of hiring MBA graduates.
In order to be included in the survey, a school must have
been recommended by an employer in the previous year of
the research. Each time a school is voted, it is given one vote,
referred to as the total prompted votes.
The prompted and unprompted votes are added together to
create the total employer votes. In order to ensure balanced
results that are not subject to inuence from the economic
cycle, an average of the total employer votes is taken from the
current years research and the previous two years research.
The best performing school(s) are given an index score of 100
and the average total employer votes is indexed against the
best performing school(s). This indexing does not affect the
relative positions of schools in any given year. This score is
known as the schools index of employer votes.
This research does not intend to infer an overall ranking of
schools. The tables list schools in clusters, categorized by
region and specialization. The relative employer position of
schools is displayed based on their employer score in that year
and a rating within the region or specialization.
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Rating the business schools
The table below provides a summary of the number of business schools in each region which
make up the list of the QS Global 200 Business Schools Report. Schools that achieved an
index of employer votes of over 11 are included in the denitive list of 200 business schools.
Schools are presented in clusters, which provide distinction in terms of recognition among
employers. The relative positions within the clusters are not considered signicant by the
authors of this report.
Number of schools
Featured By Region
Top Cluster: Index of
Employer Votes >=65
2nd Cluster: Index of
Employer Votes >=23
3rd Cluster: Index of
Employer Votes >= 14
4th Cluster: Index of
Employer Votes >= 11
North America 18 27 20 22
Europe 13 20 12 10
Asia-Pacifc 2 11 9 11
Latin America 8 1 1
Africa & Middle-East 4 1
Source: QS Global Business Report 2012-2013 (TopMBA.com)
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Sample
The survey was conducted between March and July 2013 and represents one of
the largest exercises QS has undertaken in terms of geographic scope and level of
detail.
The total 28,000 employer responses counted in 2013 included 4,318 who were
actively recruiting MBAs. All employers who responded to the survey are
guaranteed condentiality for the components of their individual responses, except
for any open-ended feedback they have chosen to provide on the value of an MBA or
concerns with MBA hires.
* Comparative gures for the previous year are shown in brackets.
The following table gives a snapshot of some of the organizations that took part
in the survey across the world. A more comprehensive list can be found in the
appendix at the end of this document.
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Sample of responding employers by region in 2013
Consulting Finance Industry Technology
Asia-Pacifc Accenture AIG Investments 3M BenQ
KPMG Daewoo Securities AkzoNobel GE
Towers Watson Goldman Sachs TATA LG
Africa & Middle
East
Booz & Company American Express Abdul Latif Jameel
(Toyota)
ACS
Deloitte Consulting Investec Bank Ltd Delta Group Microsoft
IBM Johannesburg Stock
Exchange
Aramco SAP
Europe BCG Citibank BAE Systems Alcatel-Lucent
A.T. Kearney Barclays Carl Zeiss AG Cognizant
Frost & Sullivan Credit Suisse E.ON Google
Latin America London Consulting Group BBVA Adidas Accenture
Signium Santander Bayer Hewlett Packard
TATA Consultancy Services J.P. Morgan Coca-Cola Telefonica
US & Canada Bain & Company BlackRock Comcast IBM
Capgemini Morgan Stanley Ford Intel Corporation
Navigant Prudential Johnson & Johnson Cisco
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0 100 200 300 400 500
Industry distribution of employers
The chart below shows the spread of employers across 20 industries. This reects
the global spread of industries that hire MBAs. The consulting and professional
services sector are the largest respondents in 2011, reecting the surge in MBA
demand within this sector. Banking and nancial services are the second largest
responding sector, followed by HR/recruitment services. Manufacturing, IT, FMCG
and energy are also well represented in the sample.
Recruitment / HR services
Retail
Telecoms
Transportation / Distribution
Travel / Leisure / Hospitality
Utilities
Public Sector / Govt. / Non-profit
Pharmaceuticals / Biotech & Healthcare
Other
Metals / Mining
Media / Entertainment & Arts
Manufacturing / Engineering
Law
IT / Computer Services
FMCG
Financial Services / Banking
Energy
Electronics / High Technology
Consulting / Professional Services
Construction / Property
Aerospace / Defence
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Aerospace / Defence 21
Construction / Property 138
Consulting / Professional Services 567
Electronics / High Technology 129
Energy 143
Financial Services / Banking 379
FMCG 203
IT / Computer Services 281
Law 21
Manufacturing / Engineering 329
Media / Entertainment & Arts 58
Metals / Mining 104
Other 578
Pharmaceuticals / Biotech & Healthcare 157
Public Sector / Govt. / Non-proft 145
Recruitment / HR services 343
Retail 92
Telecoms 93
Transportation / Distribution 81
Travel / Leisure / Hospitality 65
Utilities 56
Grand Total 3983
Source: MBA Jobs & Salary trends 2013
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Geographical distribution of employers
Responses were received from employers across the globe:
Africa & Middle East 5%
Asia Pacifc 29%
Eastern Europe 6%
Latin America 33%
US & Canada 6%
Western Europe 21%
Grand Total 100%
Report 2013/14
2013 QS Global
200 Business
School Ratings:
Elite Global
business schools
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Elite Global business schools
Elite Global business schools form an established cadre of the worlds
very best business institutions. They are targeted by a wide range
of employers, both domestically, regionally and globally. Highly
international, they typically admit only experienced candidates with
superior GMAT scores and all-round credentials. Their name will
transform the resume of any candidate. MBAs will in many cases go on
to be inuential business leaders, and can expect to earn top salaries
upon graduation.
This years report shows that while Elite Global institutions remain
clustered in North America and particularly the US, they are also present
across Europe and to a lesser degree in Asia-Pacic. As yet there are no
Elite Global business schools in the Middle East and Africa, or Latin
America.
Of the 33 leading institutions to make the Elite Global category, 12 are
from the US. The other nations with Elite Global business schools are
Canada (6), UK (3), Spain (3), Switzerland (2), France (2), Denmark (1),
India (1), Ireland (1), Italy (1) and Singapore (1).
Emerging Global business schools
Emerging Global business schools have an established reputation for
excellence among employers that stretches well beyond their region.
They attract high-quality candidates from all over the world, and
graduates can expect to earn highly competitive salaries. Though
in many cases they are newer and not as rmly established as the
brand name institutions that make up the Elite Global cluster, these
institutions will in many cases aspire to break into the Elite Global
group in years to come.
There are a total of 73 Emerging Global schools worldwide. North
America leads with 27, ahead of Europe (20), Asia-Pacic (12), Latin
America (8) and Middle East & Africa (4).
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Elite Regional business schools
Elite Regional institutions are well regarded by employers within their region,
and may have started to develop a reputation further aeld. Admitted students
typically have strong credentials, though they may be slightly less experienced on
average than those at Elite Global or Emerging Global institutions. Elite Regional
institutions are often younger institutions that, having established an excellent
reputation among employers within their region, will be looking to establish their
brand as one with a truly global reach.
There are a total of 45 Elite Regional schools worldwide. North America leads with
20, ahead of Europe (14), Asia-Pacic (9), Latin America (1) and Middle East & Africa
(1).
Emerging Regional schools
Emerging Regional institutions have established a solid reputation among
employers within their own country. They will appeal to candidates with fewer
years of professional experience, and graduate salaries are on average more modest
than those at Elite Regional institutions. Having established a good reputation
among domestic employers, they will now be looking to increase their visibility
among international employers and students.
There are a total of 44 Emerging Regional schools worldwide. North America leads
with 22, ahead of Europe (10), Asia-Pacic (11) and Latin America (1).
Top business schools
by region:
North America
Report 2013/14
2 QS Global 200 Business Schools Report 2013/14
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1. Elite global
2013 2012 Institution Country
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
1 1 Harvard Business School United States 100,0 730 4 34 41 941
2 3 Stanford University Graduate School of
Business
United States 100,0 729 4 42 35 398
3 4 The Wharton School, University of
Pennsylvania
United States 99,9 725 5 35 42 845
4 6 The University of Chicago Booth
School of Business
United States 99,6 715 5 33 35 579
5 2 The Kellogg School of Management,
Northwestern University
United States 99,6 708 5 40 35 477
6 5 Columbia Business School, Columbia
University
United States 98,4 670 5 34 29 213
7 9 UCLA Anderson School of
Management
United States 94,1 704 5 33 34 360
8 13 Joseph L. Rotman School of
Management, University of Toronto
Canada 91,0 673 4,5 48 31 313
9 7 Sloan School of Management,
Massachusetts Institute of Technology
(MIT)
United States 88,9 710 5 39 38 390
10 10 The Fuqua School of Business, Duke
University
United States 88,1 690 5 40 33 432
11 8 Haas School of Business, UC Berkeley United States 85,2 715 5 37 33 240
12 11 University of Michigan, Ross School of
Business
United States 83,8 703 5 36 30 502
13 16 York University, Schulich School of
Business
Canada 77,3 664 5 50 36 345
14 12 Richard Ivey School of Business, The
University of Western Ontario
Canada 76,0 669 5 31 29 133
15 14 Desautels Faculty of Management at
McGill University
Canada 75,3 670 5 55 35 70
16 21 HEC Montreal Canada 72,3 630 7 37 28 113
17 17 Yale School of Management, Yale
University
United States 71,5 717 6 27 35 230
18 18 Queen's School of Business Canada 71,2 661 5 40 32 119
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
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While in the past two years there has been a stable hierarchy of leading schools in North
America, this years results see a greater level of variation at the top of the table.
Harvard retains the top spot, yet last years second-placed institution Kellogg School of
Management drops to fth, overtaken by Stanford, Wharton and Chicago Booth.
Canadian school Joseph L Rotman is the biggest climber in the top ten, moving up ve places
to eighth. The only school to drop out of the top ten this year is UC Berkleys Haas School of
Business, which drops three places to 11th.
A total of 18 schools from the region qualify for Elite Global status. The two new additions
are the University of North Carolinas Kenan-Flagler Business School, and the MBA program
at Canadas University of Alberta. The US accounts for two-thirds of the Elite Global schools
in the region, with 12 to Canadas six.
The top three schools are also the strongest in terms of students average GMAT scores,
suggesting that there is a close match between the perceptions of employers and the best-
qualied MBA students.
However, the correlation is far less precise beyond the leading three. NYU Stern School of
Business is placed fourth for average GMAT scores but just 21st for employer recognition,
with 17th-placed Yale School of Management and 11th-placed Haas School of Business also
boasting among the highest average GMAT scores.
In the case of NYU Stern, the New York City factor may help it to attract top candidates, while
Berkeley and Yale both have big-name pulling power. In contrast, Columbia, Rotman and
Fuqua all make the top ten for employer recognition yet have average GMAT scores of under
700 a benchmark reached or surpassed by 15 other schools.
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Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
Harvard Business School 120000 26216 74 24 112350
Stanford University Graduate School of Business 129692 26573 92 24 119100
The Wharton School, University of Pennsylvania 120000 28563 83 21 119472
The University of Chicago Booth School of Business 115079 27680 89 21 117520
The Kellogg School of Management, Northwestern
University
120000 21755 86 20 118170
Columbia Business School, Columbia University 103453 25549 94 20 121440
UCLA Anderson School of Management 100000 22320 80 24 75180
Joseph L. Rotman School of Management, University of
Toronto
89848 13237 82 18 75000
Sloan School of Management, Massachusetts Institute of
Technology (MIT)
118406 22925 94 24 61440
The Fuqua School of Business, Duke University 112626 27793 80 22 118000
Haas School of Business, UC Berkeley 97000 20272 80 21 77096
University of Michigan, Ross School of Business 111047 26111 85 21 116900
York University, Schulich School of Business 86587 8730 94 16 55900
Richard Ivey School of Business, The University of Western
Ontario
93078 10668 90 12 78280
Desautels Faculty of Management at McGill University 90000 22000 98 20 80000
HEC Montreal 72776 5800 71 12 14200
Yale School of Management, Yale University 104147 26318 85 21 114400
Queen's School of Business 62580 9495 80 12 82000
Average salaries
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The top three schools for employer recognition and GMAT scores, Harvard,
Stanford and Wharton also have the highest average salaries, underlining
their dominance. Yet second-placed Stanford beats Harvard, with average
salary-plus-bonus remuneration totaling an impressive US$156,235.
McGill Universitys Desautels Faculty of Management has the highest
employment rates, with 98% of graduates having secured jobs within three
months of graduation though at US $112,000, average remuneration is not
quite as high as at the top US schools.
Average salaries for MBAs from Elite Global schools in North America
stand at US$102,573, with an average bonus of $20,666 bringing the
total package to around $123,239. This places them just ahead of MBAs
graduating from Elite Global schools in Europe, who earn average salary-
plus-bonus packages of $122, 983.
Though base salaries tend to be slightly lower than in Europe (US$102,573
compared to US$107,432), North American graduates earn signicantly
higher bonuses, averaging US$20,666 compared to the European gure of
US$15,551.
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Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class Size
19 15 Sauder School of Business, University
of British Columbia
Canada 64,4 646 6 56 26 124
20 20 Thunderbird School of Global
Management
United
States
60,2 618 5 58 27 303
21 19 Stern School of Business, New York
University (NYU)
United
States
56,2 720 5 39 35 389
22 31 University of Alberta, Alberta MBA
Programs
Canada 53,2 600 5 56 42 80
23 25 Kenan-Flagler Business School,
University of North Carolina
United
States
49,6 690 5 36 29 290
24 24 Boston University School of
Management
United
States
48,0 683 5 37 33 147
25 27 Kelley School of Business, Indiana
University
United
States
38,5 664 5 34 30 178
26 29 Tepper School of Business, Carnegie
Mellon University
United
States
38,2 693 5 32 27 203
27 22 Tuck School of Business at Dartmouth United
States
36,9 716 5 36 35 280
28 30 University of Virginia Darden School of
Business
United
States
35,9 703 5 34 35 320
29 28 McCombs School of Business, Univ. of
Texas at Austin
United
States
35,7 684 5 25 33 261
30 37 Texas A&M University, Full-Time MBA
Program, Mays Business School
United
States
33,2 649 5 35 24 66
31 23 S.C. Johnson Graduate School of
Management, Cornell University
United
States
32,7 700 5 34 30 271
32 44 School of Business Administration,
University of Miami
United
States
32,2 638 3 29 38 88
33 35 McDonough School of Business,
Georgetown University
United
States
31,8 684 5 22 29 258
34 33 University of Illinois Urbana-Champaign
- Illinois MBA
United
States
31,6 650 4 41 26 123
35 36 Georgia Tech College of Management United
States
31,3 678 5 13 31 68
36 26 Goizueta Business School, Emory
University
United
States
30,8 681 5 37 23 205
2. Emerging Global
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37 32 Vanderbilt University, Owen Graduate
School of Management
United
States
29,9 682 5 22 35 175
38 67 The Carroll School of Management,
Boston College
United
States
28,7 666 4 31 31 103
39 47 Babson College United
States
27,4 630 5 42 29 160
40 42 Hult International Business School United
States
27,2 610 6 86 29 2250
41 38 Florida International University,
Chapman Graduate School of Business
United
States
26,1 555 3 41 35 85
42 34 Marshall School of Business, University
of Southern California
United
States
25,7 700 5 19 30 1794
43 Weatherhead School of Management,
Case Western Reserve University
United
States
24,0 615 3 52 42 106
44 51 John Molson School of Business,
Concordia University
Canada 23,9 623 6 58 37 74
45 43 Edwards MBA University of
Saskatchewan
Canada 23,2 550 4 13 17 30
46 56 University of Calgary, Haskayne School
of Business
Canada 23,0 620 5 46 32 53
The US accounts for 22 of the 27 Emerging Global schools in North America, with Canada
claiming ve. The three schools closest to the Elite Global category are Canadas Sauder
School of Business, University of British Columbia, and the USs Thunderbird School of
Global Management and Stern School of Management, NYU.
Four Emerging Global schools in the region have a GMAT average score of over 700: NYU
Stern (720), Tuck School of Business Dartmouth (716), University of Virginia Darden School of
Business (703), S.C. Johnson Graduate School of Management, Cornell University (700) and
Marshall School of Business, University of Southern California (700).
As in the Elite Global, the level of correlation between level of employer recognition and
average GMAT scores is highly variable. NYU Sterns score places it above all but three of the
regions Elite Global schools, while the lowest-ranked school in the category for employer
recognition, University of Southern California, is among the best GMAT performers
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Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
Sauder School of Business, University of British Columbia 81028 11150 80 16 52000
Thunderbird School of Global Management 83034 N/A N/A 18 86160
Stern School of Business, New York University (NYU) 94968 26291 80 22 122548
University of Alberta, Alberta MBA Programs 73329 9800 94 20 97900
Kenan-Flagler Business School, University of North Carolina 102170 24606 86 21 107984
Boston University School of Management 97734 15561 87 21 87940
Kelley School of Business, Indiana University 97489 19740 89 21 93100
Tepper School of Business, Carnegie Mellon University 100000 18289 96 21 115000
Tuck School of Business at Dartmouth 115302 27384 93 21 117870
University of Virginia Darden School of Business 109335 27900 92 21 101800
McCombs School of Business, Univ. of Texas at Austin 105112 23426 94 21 97664
Texas A&M University, Full-Time MBA Program, Mays
Business School
93511 11040 100 16 46399
S.C. Johnson Graduate School of Management, Cornell
University
106900 26900 79 21 111896
School of Business Administration, University of Miami 62613 19429 80 21 83040
McDonough School of Business, Georgetown University 99799 24071 89 21 107200
University of Illinois Urbana-Champaign - Illinois MBA 82693 11667 89 21 59952
Georgia Tech College of Management 93195 15236 94 22 110656
Goizueta Business School, Emory University 103453 25549 94 22 92000
Vanderbilt University, Owen Graduate School of
Management
95134 22219 92 21 90000
The Carroll School of Management, Boston College 94147 12290 85 22 84000
Babson College 89742 14706 88 21 83668
Hult International Business School 89510 10000 80 12 65800
Florida International University, Chapman Graduate School
of Business
49574 4177 80 12 35490
Marshall School of Business, University of Southern
California
82405 16000 93 22 108792
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Weatherhead School of Management, Case Western
Reserve University
80762 10857 N/A 21 87960
John Molson School of Business, Concordia University 72707 10000 77 16 35255
Edwards MBA University of Saskatchewan 63088 N/A 94 12 35000
University of Calgary, Haskayne School of Business 63300 5000 96 16 27000
The average starting salary+bonus package for MBAs from Emerging Global schools in
North America stands just short of six gures, at US$97,617. This compares to an average of
$123,239 for graduates from the regions Elite Global schools.
Seven schools have average six-gure base salaries: Kenan-Flagler Business School,
University of North Carolina (US$102,170), Tepper School of Business, Carnegie Mellon
University ($100,000), Tuck School of Business at Dartmouth ($115,000), University of Virginia
Darden School of Business ($109,335), McCombs School of Business, Univ. of Texas at Austin
($105,112), S.C. Johnson Graduate School of Management, Cornell University ($106,900) and
Goizueta Business School, Emory University ($103,453).
Top salary+bonus packages are earned by MBAs from Tuck School of Business at Dartmouth
($142,686), followed by University of Virginia Darden School of Business ($137,235). The
lowest earners are MBAs from Florida International University, Chapman Graduate School of
Business, with total packages averaging US$53,751.
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Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
47 53 University of Colorado at Boulder
Leeds School of Business
United States 22,6 630 5 24 25 83
48 University of Massachusetts - Boston
- Boston MBA Program
United States 22,5 587 4 52 50 42
49 University of Victoria - Faculty of
Business
Canada 22,2 573 4 57 51 53
50 49 Georgia State University, J. Mack
Robinson College of Business
United States 21,7 571 5 43 57 26
51 64 The Paul Merage School of Business,
University of California, Irvine
United States 21,2 673 5 28 23 83
52 45 The Johns Hopkins Carey Business
School
United States 20,6 650 3 56 40 N/A
53 78 Darla Moore School of Business,
University of South Carolina
United States 20,6 622 5 15 27 93
54 62 University of California - Davis,
Graduate School of Management
United States 20,4 692 4 25 35 55
55 74 American University Kogod School of
Business
United States 19,8 575 4,5 30 40 30
56 The Fox School of Business, Temple
University
United States 19,8 617 5 14 44 52
57 41 Simon Fraser University, Segal
Graduate School of Business
Canada 19,7 630 9 36 27 55
58 39 University of Wisconsin-Madison
Wisconsin School of Business
United States 19,6 675 5 9 41 118
59 40 Rice University, Jesse H. Jones
United States 18,9 676 5 29 35 116
60 55 Max M. Fisher College of Business, The
Ohio State University
United States 18,8 673 5 34 25 118
61 Rady School of Management,
University of California, San Diego
United States 18,7 680 4,4 47 40 53
62 57 School of Business, George
Washington University
United States 16,8 635 4 35 42 113
3. Elite Regional
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63 Telfer School of Management,
University of Ottawa
Canada 16,5 622 7 49 27 49
64 University of San Francisco, Masagung
Graduate School of Management
United States 16,2 570 4 33 51 70
65 W. P. Carey School of Business,
Arizona State University
United States 15,0 675 4,8 42 25 69
66 59 University of San Diego United States 14,5 626 4 37 32 20
67 82 Rutgers Business School - Newark and
New Brunswick
United States 14,4 644 4 18 18 90
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
University of Colorado at Boulder Leeds School of Business 76750 3929 69 21 71146
University of Massachusetts - Boston - Boston MBA
Program
N/A N/A 88 20 35000
University of Victoria - Faculty of Business N/A N/A 80 17 27945
Georgia State University, J. Mack Robinson College of
Business
80906 N/A 52 14 37544
The Paul Merage School of Business, University of
California, Irvine
79000 12840 94 21 94176
The Johns Hopkins Carey Business School N/A N/A N/A 21 96000
Darla Moore School of Business, University of South
Carolina
76572 9292 84 23 71580
University of California - Davis, Graduate School of
Management
91569 10886 93 21 95494
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American University Kogod School of Business 80000 13500 74 22 66028
The Fox School of Business, Temple University 79078 13356 98 24 62624
Simon Fraser University, Segal Graduate School of Business 52000 N/A 68 12 34500
University of Wisconsin-Madison Wisconsin School of
Business
91625 18695 86 21 62442
Rice University, Jesse H. Jones Graduate School of
Business
99506 16058 92 22 97000
Max M. Fisher College of Business, The Ohio State
University
80081 15264 80 21 92704
Rady School of Management, University of California, San
Diego
73000 11500 79 21 84000
School of Business, George Washington University 84208 13250 85 21 84645
Telfer School of Management, University of Ottawa 70900 N/A 78 12 37000
University of San Francisco, Masagung Graduate School of
Management
70000 2000 65 21 69560
W. P. Carey School of Business, Arizona State University 92556 13000 89 22 94000
University of San Diego 78289 N/A 70 22 73360
Rutgers Business School - Newark and New Brunswick 85053 15593 91 24 80000
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4. Emerging Regional
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
68 46 Claremont Graduate University - Peter
F. Drucker
United States 13,9 625 2 30 47 39
69 77 Robert H. Smith School of Business,
University of Maryland
United States 13,8 660 4,5 34 31 278
70 54 University of Denver, Daniels College of
Business
United States 13,7 614 4 32 30 106
71 50 The Eli Broad Graduate School
of Management, Michigan State
University
United States 13,3 630 4 33 20 92
72 65 Southern Methodist University, Cox
School of Business
United States 13,2 641 4 22 22 108
73 71 Graduate School of Business,
California Lutheran University
United States 12,8 550 4 30 40 80
74 Shidler College of Business, University
of Hawaii at Manoa
United States 12,6 626 5 16 32 38
75 61 Mendoza College of Business,
University of Notre Dame
United States 12,4 692 5 8 23 130
76 Katz Graduate School of Business,
University of Pittsburgh
United States 12,3 608 4 44 28 104
77 Pepperdine University, The Graziadio
School of Business
United States 12,0 628 4 12 35 25
77 52 Smeal College of Business, Penn State
University
United States 12,0 643 5 32 26 80
79 Charles H. Kellstadt Graduate School
of Business, DePaul University
United States 11,9 623 4 27 23 52
80 75 Michael G. Foster School of Business,
University of Washington
United States 11,8 670 6 20 38 130
81 58 DeGroote School of Business,
McMaster University
Canada 11,7 630 2 24 37 235
82 73 School of Management, University at
Buffalo / SUNY
United States 11,4 606 1 30 33 102
83 76 Naveen Jindal School of Managementt,
The University of Texas at Dallas
United States 11,3 669 4 40 60 63
83 66 Olin Business School, Washington
University in St. Louis
United States 11,2 695 4,4 33 25 148
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85 60 Krannert School of Management,
Purdue University
United States 11,1 632 4 64 24 239
86 70 Auburn University College of Business United States 9,8 619 3 25 38 48
87 48 University of Minnesota, Carlson
United States 9,7 690 4 30 25 107
88 Clark University Graduate School of
Management
United States 9,5 566 3 59 46 45
89 68 Mason School of Business, College of
William & Mary
United States 9,3 610 4 44 40 112
90 LeBow College of Business, Drexel
University
United States 9,2 613 5 38 35 35
Average salaries
Institution
Avg
Salary on
Graduation
(USD)
Avg
Mean
Bonus
(USD)
%
Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition Fees
(USD)
Claremont Graduate University - Peter F. Drucker 73215 12000 N/A 24 101400
Robert H. Smith School of Business, University of
Maryland
92938 12548 82 21 76950
University of Denver, Daniels College of Business 53083 11800 61 21 69840
The Eli Broad Graduate School of Management, Michigan
State University
83588 14216 91 24 104724
Southern Methodist University, Cox School of Business 87694 16694 95 22 86072
Graduate School of Business, California Lutheran
University
N/A N/A N/A 12 32000
Shidler College of Business, University of Hawaii at Manoa N/A N/A 83 21 42296
Mendoza College of Business, University of Notre Dame 99500 15000 87 21 90260
Katz Graduate School of Business, University of Pittsburgh 63000 9000 86 20 90584
Pepperdine University, The Graziadio School of Business 72815 12756 N/A 20 77523,5294117647
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Smeal College of Business, Penn State University 84345 10915 86 21 94232
Charles H. Kellstadt Graduate School of Business, DePaul
University
63000 6000 88 18 62700
Michael G. Foster School of Business, University of
Washington
109000 14330 97 24 110484
DeGroote School of Business, McMaster University 66700 3000 80 20 76875
School of Management, University at Buffalo / SUNY 50157 6119 77 21 40292
Naveen Jindal School of Managementt, The University of
Texas at Dallas
78107 11277 87 16 26000
Olin Business School, Washington University in St. Louis 95000 15000 94 22 99400
Krannert School of Management, Purdue University 85897 15482 83 21 87000
Auburn University College of Business 57169 3786 N/A 17 31500
University of Minnesota, Carlson School of Management 82436 16158 97 22 90000
Clark University Graduate School of Management N/A N/A N/A 24 113850
Mason School of Business, College of William & Mary 75674 12885 83 21 82708
LeBow College of Business, Drexel University 65000 5357 63 18 54000
by region:
Europe
Report 2013/14
Follow us
1. Elite global
INSEAD retains its position as the regions number one institution ahead of London Business
School (LBS) his year. The two have a prole among international MBA employers that far
exceeds that of any other school in the region, and places them alongside Harvard Business
School at the top of the global hierarchy.
Behind the top two there has been a shift in the hierarchy this year, with Spains IE Business
School and Oxfords Said Business School moving up to third and fourth respectively, and last
years third-placed school IMD dropping to sixth.
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
1 1 INSEAD - France France 100,0 704 5 93 33 1006
2 2 London Business School United
Kingdom
100,0 698 5 91 33 406
3 4 IE Business School Spain 99,6 680 5 97 33 450
4 6 Oxford University, Said Business
School
United
Kingdom
99,3 698 6 94 25 232
5 3 IMD Switzerland 98,6 670 7 98 28 90
6 7 SDA Bocconi School of Management Italy 98,3 650 5 73 32 90
7 5 IESE Business School, University of
Navarra
Spain 95,3 672 4 80 29 280
8 9 ESADE Business School Spain 92,7 670 6 87 34 159
9 11 Copenhagen Business School Denmark 92,2 620 8 95 40 47
10 8 HEC MBA Program (Paris) France 89,6 689 6 87 32 361
11 10 The St.Gallen MBA, University of St
Gallen
Switzerland 81,0 660 6 85 25 35
12 14 Trinity MBA,University of Dublin, Trinity
College
Ireland 67,7 600 9 70 22 27
13 12 Judge Business School, University of
Cambridge
United
Kingdom
66,3 680 6,5 97 30 152
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The UK and Spain both have three Elite Global schools, ahead of Switzerland (2), France (2),
Denmark (1), Ireland (1) and Italy (1).
Students at INSEAD have the regions highest average GMAT scores at 704, ahead of LBS and
Oxford Said, both on 698. GMAT performance in the region lags signicantly behind North
America. INSEAD is the only European school with an average score of over 700, compared to
15 schools in North America.
Around 88.5% of MBAs from Elite Global schools in Europe are employed within three
months of graduating, a slightly better rate than the 85.4% achieved by those in North
America. Cambridge Judge Business School achieves a leading gure of 97%, alongside two
Spanish schools: ESADE Business School and IESE Business School, University of Navarra.
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
INSEAD - France 122900 26600 84 10 59500
London Business School 113779 18698 96 21 97000
IE Business School 102500 20000 92 13 59900
Oxford University, Said Business School 99000 7000 90 12 54000
IMD 142412 17500 89 11 63000
SDA Bocconi School of Management 95000 10103 83 12 59000
IESE Business School, University of Navarra 101990 16700 97 19 93000
ESADE Business School 90400 11100 97 18 74100
Copenhagen Business School 100031 12000 77 12 57000
HEC MBA Program (Paris) 109880 17641 88 16 62400
The St.Gallen MBA, University of St Gallen 110000 N/A 90 12 67000
Trinity MBA,University of Dublin, Trinity College 100000 N/A 70 11 38350
Judge Business School, University of Cambridge 108736 13724 97 12 57000
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MBAs from Elite Global schools in Europe earn average salaries of US$107, 432, with average
bonuses of $15,551 taking the total average remuneration to US$122,983. This total falls just
of the North American gure of $123,239.
Perhaps predictably, the strongest average salaries earned by European MBAs are those from
Swiss school IMD (US$159,912), placing it number one in the world ahead of the USs Stanford
Graduate School of Business (US$156,265). INSEAD (US$149, 500) is second in the region.
Only three of the 13 Elite Global schools in Europe have average base salaries below
US$100,000 per annum: ESASE Business School (US$90,400), SD Bocconi School of
Management (US$95,000), and Oxford Said (US$99,000). However, all three cross the six-gure
threshold once bonuses are included.
2. Emerging Global
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
14 19 Imperial College Business School, Imperial
College London
United
Kingdom
58,6 660 7 65 29 52
15 15 Mannheim Business School Germany 54,3 675 5 60 22 58
16 Frankfurt School of Finance and Management Germany 53,4 N/A 4 N/A N/A N/A
17 22 Cranfeld School of Management United
Kingdom
51,5 650 9 75 30 73
18 20 Warsaw University of Technology, Business
School
Poland 49,1 500 5 30 42 20
19 21 Rotterdam School of Management, Erasmus
University
Netherlands 48,4 640 6 96 33 138
20 17 Warwick Business School, University of
Warwick
United
Kingdom
47,4 640 6 91 27 67
21 13 European Business School (EBS) Germany 45,1 600 4 58 7 N/A
22 18 Central European University, CEU Business
School
Hungary 44,6 600 8 94 39 32
23 26 ESIC Business & Marketing School Spain 44,4 670 5 72 32 40
24 Politecnico di Milano > MIP - School of
Management
Italy 42,2 602 4 70 30 50
25 16 WHU Otto Beisheim School of Management Germany 39,8 600 4 51 30 31
26 25 Vlerick Leuven Gent Management School Belgium 34,8 640 6 90 28 87
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A total of 20 European schools make the Emerging Global category, spread across 10
nations: UK (6), Germany (4), Belgium (2), Hungary (2), Spain (2), France (1), Ireland (1), Italy (1),
Netherlands (1), and Poland (1)
The leading school for employer recognition is the UKs Imperial College Business School,
Imperial College London, ahead of Germanys Mannheim Business School and Frankfurt
School of Finance and Management.
Average GMAT scores range from 675 at Mannheim Business School to 500 at Warsaw
University of Technology Business School and Henley Business School. Candidates at the
UKs Craneld School of Management average as many as 9 years experience, while those at
European University (Barcelona, Geneva, Munich) average as few as two.
32 48 Solvay Business School, ULB (Universite Libre
de Bruxelles)
Belgium 26,5 600 8 90 62 23
33 42 Henley Business School United
Kingdom
24,8 500 12 60 28 33
34 54 European University (Barcelona, Geneva,
Munich)
Spain 23,4 550 2 80 60 N/A
27 27 Manchester Business School, The University
of Manchester
United
Kingdom
33,8 625 6 90 35 114
28 24 Corvinus University of Budapest, Corvinus
Hungary 31,8 565 7 80 30 15
29 23 ESSEC Business School France 30,0 650 6 80 13 24
30 43 University of Edinburgh Business School United
Kingdom
29,3 586 7 96 44 54
31 35 University College Dublin, Smurft School of
Business
Ireland 27,1 620 8 47 29 45
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Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
Imperial College Business School, Imperial College London 97000 11750 96 12 56000
Mannheim Business School 52000 10000 100 12 33000
Frankfurt School of Finance and Management N/A N/A N/A 12 40300
Cranfeld School of Management 98100 11988 97 13 52500
Warsaw University of Technology, Business School N/A N/A 100 12 12220
Rotterdam School of Management, Erasmus University 88000 12963 81 12 58000
Warwick Business School, University of Warwick 75000 17712 95 12 47500
European Business School (EBS) 69062 N/A 74 16 42250
Central European University, CEU Business School 69062 N/A 74 11 17500
ESIC Business & Marketing School 80000 6000 N/A 11 34218
Politecnico di Milano > MIP - School of Management 84000 10700 74 14 47500
WHU Otto Beisheim School of Management N/A N/A 95 15 45500
Vlerick Leuven Gent Management School 116475 6000 100 12 46500
Manchester Business School, The University of Manchester 79521 11799 93 18 40000
Corvinus University of Budapest, Corvinus School of
Management
35000 N/A 80 24 12000
ESSEC Business School 76000 16070 N/A 12 59000
University of Edinburgh Business School 98500 N/A 95 12 23200
University College Dublin, Smurft School of Business 85000 5000 97 12 39000
Solvay Business School, ULB (Universite Libre de Bruxelles) N/A N/A 60 12 32500
Henley Business School N/A N/A N/A 12 37500
European University (Barcelona, Geneva, Munich) N/A N/A 80 9 22620
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The diverse range of nations represented in the Emerging Global category means graduate
salaries vary signicantly. Average salary+bonus compensation comes out at US$91,088,
ranging from US$122,475 at Vlerick Leuven Gent Management School to US$35,000 at
Corvinus University of Budapest, Corvinus School of Management.
Average starting salary + bonus compensation tops six gures for MBAs from four schools:
Imperial College Business School, Craneld School of Management, Rotterdam School of
Management Erasmus University and Vlerick Leuven Gent Management School.
Mannheim Business School, Warsaw University of Technology Business School and Vlerick
Leuven Gent Management School all boast 100% employment rates within three months of
graduation.
3. Elite Regional
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
35 31 EDHEC Business School France 22,7 613 8 85 45 46
36 45 Ashridge Business School United
Kingdom
22,3 573 10 92 33 25
37 28 HHL - Leipzig Graduate School of
Management
Germany 20,3 630 5 70 30 25
37 30 Sorbonne Graduate Business School -
IAE de Paris
France 20,2 550 4 80 50 N/A
39 29 ESMT European School of
Management and Technology
Germany 18,5 640 6 88 40 40
40 Nottingham Trent University -
Nottingham Business School
United
Kingdom
17,9 500 3 10 10 0
41 32 MIB School of Management Italy 17,2 627 5 18 30 49
42 Nottingham University Business School United
Kingdom
17,2 600 5 88 35 68
43 Faculdade de Economia, Universidade
Nova de Lisboa
Portugal 16,9 609 7 11 26 19
44 37 Cass Business School United
Kingdom
16,6 635 8 87 25 80
45 55 Grenoble Graduate School of Business,
Grenoble Ecole de Management
France 16,3 600 6 85 41 91
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Average salaries
46 The Business School, University of
Exeter
United
Kingdom
15,1 600 7 73 64 28
47 49 Universiteit van Amsterdam,
Amsterdam Business School
Netherlands 14,3 630 5 90 50 25
47 47 LUISS Business School Italy 14,3 500 3 40 20 N/A
49 50 Business School Lausanne Switzerland 14,2 600 7 100 40 20
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
EDHEC Business School 85400 21000 90 10 50000
Ashridge Business School 162000 N/A 92 12 48500
HHL - Leipzig Graduate School of Management 88000 19500 80 15 34500
Sorbonne Graduate Business School - IAE de Paris N/A N/A N/A 14 62000
ESMT European School of Management and Technology 96000 10000 98 12 39000
Nottingham Trent University - Nottingham Business School 0 12 21600
MIB School of Management 81163 20000 87 12 37500
Nottingham University Business School 73000 N/A 90 12 19500
Faculdade de Economia, Universidade Nova de Lisboa N/A N/A N/A 11 20800
Cass Business School 87750 21000 87 12 52000
Grenoble Graduate School of Business, Grenoble Ecole de
Management
67000 N/A 68 12 39000
The Business School, University of Exeter N/A N/A N/A 12 28500
Universiteit van Amsterdam, Amsterdam Business School 66000 N/A 90 12 40000
LUISS Business School N/A N/A 80 17 28080
Business School Lausanne 90000 N/A 85 12 44800
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Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
50 38 EMLYON Business School France 13,2 595 7 82 29 31
51 33 Aston Business School, Aston
University
United
Kingdom
12,7 620 6 93 30 60
52 51 Durham Business School, Durham
University
United
Kingdom
11,9 560 9 90 36 45
53 58 Bradford University School of
Management
United
Kingdom
10,2 600 0 99 23 97
54 62 IAE AIX, Graduate School of
Management - Universite Paul Cezanne
(Aix-Marseille III) France
France 9,8 580 8 60 40 20
55 44 School of Management, University of
Bath
United
Kingdom
9,3 610 8 86 44 60
56 41 ALBA Graduate Business School Greece 9,1 600 4 40 40 45
57 56 Hochschule Offenburg - University of
Applied Sciences
Germany 9,1 520 4 82 65 N/A
58 63 EADA Spain 8,3 650 5 92 41 32
59 53 EAE Business School Spain 8,2 510 5 85 45 N/A
60 57 University of Strathclyde Business
School
United
Kingdom
7,9 550 7 92 32 58
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Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
EMLYON Business School 95304 N/A 80 12 47500
Aston Business School, Aston University 75000 N/A 85 12 37300
Durham Business School, Durham University 75553 N/A N/A 12 28000
Bradford University School of Management 75000 N/A 92 12 26000
IAE AIX, Graduate School of Management
- Universite Paul Cezanne (Aix-Marseille III)
France
40000 N/A N/A 12 22000
School of Management, University of Bath 92000 N/A 92 12 47000
ALBA Graduate Business School 52000 N/A 90 12 20100
Hochschule Offenburg - University of Applied
Sciences
N/A N/A N/A 15 9428,9
EADA 70000 N/A 83 11 39000
EAE Business School 40000 N/A N/A 12 19500
University of Strathclyde Business School 66500 15000 N/A 12 37500
by region:
Asia-Pacifc
Report 2013/14
Follow us
1. Elite Global
Two Asian schools make this years Elite Global group: INSEAD Singapore and Indian
Institute of Management, Ahmedabad. First-placed INSEAD Singapore holds a signicant
advantage over all of its regional rivals in terms of employer recognition.
Starting salaries at INSEAD Singapore are on a par with many Elite Global schools in Europe
and North America, totaling US$103,700 (salary plus bonus). IIM Ahmedabads average
graduate salary of US$68,000 is the lowest of any Elite Global school.
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
INSEAD - Singapore 122900 26600 84 10 59500
Indian Institute of Management, Ahmedabad 66888 N/A 100 22 36000
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
1 1 INSEAD - Singapore Singapore 92,1 704 5 93 33 1006
2 2 Indian Institute of Management,
Ahmedabad
India 65,5 767 2 1 15 310
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2. Emerging Global business schools
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
3 5 Melbourne Business School, The
University of Melbourne
Australia 60,0 664 5 72 40 50
4 3 National University of Singapore -
NUS Business School
Singapore 55,0 590 5 90 27 96
5 4 Indian Institute of Management,
Bangalore
India 51,2 780 2 10 20 N/A
6 12 Indian School of Business India 46,7 709 5 6 29 569
7 8 Peking University, Beijing International
MBA Programs - BiMBA
China 36,7 676 7 36 38 50
8 7 University of New South Wales, AGSM
MBA Programs
Australia 36,2 652 7 65 33 48
9 9 Indian Institute of Management
Calcutta
India 35,0 780 2 3 12 N/A
10 6 Nanyang Business School, Nanyang
Technological University
Singapore 31,1 680 6 86 43 72
11 10 China Europe International Business
School (CEIBS)
China 29,8 692 5 45 30 180
12 14 The HKUST Business School Hong Kong 27,3 673 5 97 36 109
13 11 Macquarie Graduate School of
Management, Macquarie University
Australia 25,6 680 7 90 34 74
14 17 The Australian National University, ANU
College of Business and Economics
Australia 25,1 630 7 29 28 72
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A total of 12 schools from six nations in the region are included in the Emerging Global
category: Australia (4), India (3), China (2) and Singapore (2).
Melbourne Business School is the top-ranking Emerging Global school in the region, ahead of
Singapores NUS Business School and Indias IIM Bangalore.
The extremely high average GMAT scores at Indian schools are skewed by the fact that
only a very small number of candidates have taken the test. Stats at the other Emerging
Global schools in the region are variable, ranging from 680, at Nanyang Business School and
Macquarie Graduate School of Management, to 500 at Sydney Business School, University of
Wollongong.
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
Melbourne Business School, The University of Melbourne 112065 19456 91 16 70000
National University of Singapore - NUS Business School 67786 1300 89 17 41200
Indian Institute of Management, Bangalore 30000 N/A 100 21 9000
Indian School of Business 44000 N/A 100 12 45000
Peking University, Beijing International MBA Programs -
BiMBA
N/A N/A N/A 18 37300
University of New South Wales, AGSM MBA Programs 85308 17837 92 16 67320
Indian Institute of Management Calcutta 27500 4870 100 24 8000
Nanyang Business School, Nanyang Technological
University
53016 3377 91 16 40000
China Europe International Business School (CEIBS) 79516 9486 92 18 49800
The HKUST Business School 127600 19839 97 16 67350
Macquarie Graduate School of Management, Macquarie
University
143583 N/A 82 12 56500
The Australian National University, ANU College of Business
and Economics
63000 N/A N/A 18 54000
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The strength of the Australian dollar is reected in the stellar salaries of its graduates.
Macquarie University has one of the highest gures of any business school in the world
at 143,583, while graduates of three other Australian schools stand to earn in excess of
US$100,000: University of New South Wales AGSM MBA Programs, Melbourne Business
School, and Sydney Business School, University of Wollongong.
Due to the range of economies represented, the regional average is considerably lower,
at US$78,261. Salaries in China and India remain considerably lower than those on offer
elsewhere in the region, with graduates of School of Management, Fudan University
(US$29,070) and Indian Institute of Management, Bangalore ($30,000) the lowest earners.
3. Elite Regional schools
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class Size
15 13 Sydney Business School, University of
Wollongong
Australia 24,6 500 2 75 20 99
16 21 School of Management, Fudan
University
China 23,4 600 5 10 45 113
17 16 Monash University Faculty of Business
and Economics
Australia 20,1 550 11 4 23 48
18 22 The Chinese University of Hong Kong Hong
Kong
17,9 650 5,6 80 45 75
19 23 The University of Hong Kong, Faculty
of Business and Economics
Hong
Kong
17,6 657 6 90 48 53
20 34 Seoul National University, Graduate
School of Business
Korea,
South
17,3 510 5 25 23 60
21 19 School of Economics and
Management, Tsinghua University
China 17,1 650 6 45 38 123
22 26 The University of Adelaide, Business
School
Australia 16,9 550 8 15 35 80% of
received
appliations
23 32 La Trobe University - La Trobe
Business School
Australia 16,8 654 6 89 25 57
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Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
Sydney Business School, University of Wollongong 102500 N/A 92 16 33000
School of Management, Fudan University 29070 N/A 96 24 2100
Monash University Faculty of Business and Economics N/A 20000 76 24 65340
The Chinese University of Hong Kong N/A N/A 92 16 47900
The University of Hong Kong, Faculty of Business and
Economics
70000 N/A 85 14 58022
Seoul National University, Graduate School of Business 53000 10000 100 12 40000
School of Economics and Management, Tsinghua University N/A 6428 N/A 24 28000
The University of Adelaide, Business School N/A N/A 100 15 34849
La Trobe University - La Trobe Business School 110000 N/A 94 15 27000
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
24 15 Asian Institute of Management Philippines 12,6 656 4 71 28 140
25 25 Waseda Business School Japan 12,0 580 8 45 28 90
26 27 Guanghua School of Management,
Peking University
China 11,6 637 6 72 44 433
27 24 Indian Institute of Foreign Trade India 10,2 650 2 3 20 N/A
28 S P Jain School of Global Management India 9,8 680 2 0 33 180
29 18 Brisbane Graduate School of Business,
QUT
Australia 7,8 610 9 18 33 N/A
30 30 School of Business, Bond University Australia 6,6 580 8 63 41 39
31 28 Lee Kong Chian School of Business,
Singapore Management University
Singapore 6,0 663 6 72 46 N/A
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32 36 The Otago MBA, University of Otago New Zealand 5,2 632 10 55 27 20
33 Cheung Kong Graduate School of
Business
China 4,4 670 6 22 33 61
34 29 RMIT University, Graduate School of
Business and Law
Australia 4,0 550 2 65 40 175
35 33 International University of Japan,
Graduate School of International
Management
Japan 3,9 511 4 73 29 50
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
Asian Institute of Management 40000 N/A 52 16 24000
Waseda Business School N/A N/A 60 24 37479
Guanghua School of Management, Peking University 24136 N/A 100 24 27800
Indian Institute of Foreign Trade N/A 10000 80 24 20000
S P Jain School of Global Management N/A N/A N/A 24 10000
Brisbane Graduate School of Business, QUT 104756 N/A 85 18 38000
School of Business, Bond University 58000 N/A 84 12 43260
Lee Kong Chian School of Business, Singapore
Management University
N/A N/A 90 12 48000
The Otago MBA, University of Otago N/A N/A 95 16 34500
Cheung Kong Graduate School of Business 40000 N/A 100 12 48000
RMIT University, Graduate School of Business and Law 47000 N/A 75 12 34330
International University of Japan, Graduate School of
International Management
54000 18000 100 21 90300
by region:
Latin America
Report 2013/14
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1. Elite global
There are currently no Latin American schools in this category.
2. Emerging Global
A total of eight schools from Latin America make the Emerging Global category this year,
with 5 nations represented: Brazil (2), Chile (2), Mexico (2), Argentina and Costa Rica.
EGADE-Tecnologico de Monterrey, Campus Monterrey retains its position as Latin Americas
number one school for employer recognition, ahead of Ponticia Universidad Catlica de
Chile and Brazils Business School Sao Paulo.
The top school for GMAT scores is Argentinas IAE Business School, Universidad Austral.
Average years of work experience range from 15 at Universidad de Chile to zero at Ponticia
Universidad Catlica de Chile.
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
1 1 EGADE-Tecnologico de Monterrey,
Campus Monterrey
Mexico 62,9 628 8 15 33 439
2 2 Pontifcia Universidad Catlica de Chile Chile 47,7 500 0 10 10 N/A
3 3 BSP - Business School Sao Paolo,
MBA
Brazil 36,2 550 5 40 30 N/A
4 4 Fundacao Getulio Vargas Brazil 31,9 550 6 20 25 N/A
5 8 Instituto Tecnologico Autonomo de
Mexico (ITAM)
Mexico 29,1 580 7 15 30 N/A
6 7 Universidad de Chile Chile 28,4 500 15 15 18 28
7 5 IAE Business School, Universidad
Austral
Argentina 27,9 651 5 60 25 52
8 6 INCAE Business School Costa Rica 25,3 600 4 85 38 184
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Average salaries
In terms of graduate salaries, Emerging Global schools in Latin America remain some way
behind those in Europe, North America and parts of Asia-Pacic, despite continued economic
growth.
Salaries for graduates of Universidad de Chile (US$71,000) and Business School Sao Paulo
(US$68,000) are well in excess of those on offer elsewhere in the region, approaching those in
Canada and mid-ranking European nations. Yet these are the only schools in the region with
averaging starting salaries exceeding US$50,000.
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
EGADE-Tecnologico de Monterrey, Campus Monterrey 50000 N/A N/A 17 35700
Pontifcia Universidad Catlica de Chile N/A N/A N/A 15 23000
BSP - Business School Sao Paolo, MBA 68000 N/A 80 18 25000
Fundacao Getulio Vargas N/A N/A N/A 18 8874
Instituto Tecnologico Autonomo de Mexico (ITAM) N/A N/A N/A 12 15710
Universidad de Chile 65000 6000 95 18 37750
IAE Business School, Universidad Austral 30000 N/A 70 11 24000
INCAE Business School 40000 8320 60 21 47650
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3. Elite Regional
Perus ESAN, Escuela de Administracion de Negocios para Graduados is the only
Latin American school in this category.
4. Emerging Regional schools
Mexicos IPADE Business School, Universidad Panamericana is the only Latin
American school in this category.
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
9 10 ESAN, Escuela
de Administracion
de Negocios para
Graduados
Peru 18,2 500 6 10 40 64
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
10 9 IPADE Business
School, Universidad
Panamericana
Mexico 13,8 608 4 9 33 69
by region:
Middle East &
Africa
Report 2013/14
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Schools from Middle East & Africa appear in two categories: Emerging Global and
Elite Regional.
1. Elite global
There are currently no schools from Middle East & Africa in this category.
2. Emerging Global
University of Cape Town remains the regions top performer for employer
recognition, ahead of fellow South African school University of Witwatersrand.
Egypts American University of Cairo moves down two places to fourth in the region.
Average GMAT scores for Emerging Global schools in the region range from 583 at
American University in Cairo to 500 at American University of Sharjah.
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
1 1 University of Cape Town,
Graduate School of
Business
South Africa 48,9 581 7 24 31 79
2 3 University of Witwatersrand South Africa 31,8 579 8 10 23 N/A
3 American University of
Sharjah
United Arab
Emirates
28,1 500 3 44 56 N/A
4 2 American University in
Cairo
Egypt 27,9 583 7 5 27 158
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Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
University of Cape Town, Graduate School of
Business
50000 N/A 87 11 39000
University of Witwatersrand 50000 10000 80 14 13000
American University of Sharjah N/A N/A N/A 12 32250
American University in Cairo N/A N/A N/A 30 90000
Graduates of UCT and Witwatersrand earn average starting salaries of US$50,000,
though those at the latter also earn average bonuses of $10,000. The percentage of
MBAs employed within three months of graduation stands at 87% at UCT and 80%
at Witwatersrand.
3. Elite Regional
Lebanons The Suliman S. Olayan School of Business, The American University of
Beirut is the only school from Middle East & Africa in this category.
4. Emerging Regional schools
There are currently no schools from Middle East & Africa in this category.
Employer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
5 4 The Suliman S. Olayan
School of Business, The
American University of
Beirut
Lebanon 21,1 610 7 6 55 78
Corporate Social
Responsibility
Report 2013/14
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Corporate Social Responsibility
2013 2012 School Country Score Band
1 1 Harvard Business School United States 100.0 3
2 2 Stanford University Graduate School of Business United States 100.0 3
3 3 INSEAD - France France 100.0 3
4 5 IE Business School Spain 100.0 3
5 4 The Wharton School, University of Pennsylvania United States 100.0 3
6 8 London Business School United Kingdom 100.0 3
7 10 University of Michigan, Ross School of Business United States 99.8 3
8 11 School of Business, George Washington University United States 99.6 3
9 12 Michael G. Foster School of Business, University of
Washington
United States 99.4 3
10 6 Columbia Business School, Columbia University United States 98.9 3
11 22 IMD Switzerland 98.3 3
12 19 Indian Institute of Management, Ahmedabad India 98.0 3
13 15 Yale School of Management, Yale University United States 96.9 3
14 7 Tuck School of Business at Dartmouth United States 96.4 3
15 13 IESE Business School, University of Navarra Spain 96.4 3
16 17 York University, Schulich School of Business Canada 96.3 3
17 21 Indian Institute of Management, Bangalore India 96.2 3
18 9 The Kellogg School of Management, Northwestern University United States 96.0 3
19 14 Sloan School of Management, Massachusetts Institute of
Technology (MIT)
20 16 The University of Chicago Booth School of Business United States 88.2 3
21 26 Haas School of Business, UC Berkeley United States 81.5 3
22 18 Stern School of Business, New York University (NYU) United States 80.6 3
23 24 S.C. Johnson Graduate School of Management, Cornell
University
24 32 SDA Bocconi School of Management Italy 74.7 3
25 25 ESADE Business School Spain 74.3 3
26 20 University of Virginia Darden School of Business United States 73.1 3
27 40 Judge Business School, University of Cambridge United Kingdom 70.6 3
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28 28 UCLA Anderson School of Management United States 67.5 3
29 29 The Johns Hopkins Carey Business School United States 67.1 3
30 36 HEC MBA Program (Paris) France 66.9 3
31 27 Ashridge Business School United Kingdom 66.6 3
32 31 Mendoza College of Business, University of Notre Dame United States 64.0 3
33 23 The Fuqua School of Business, Duke University United States 63.0 3
34 30 Thunderbird School of Global Management United States 61.9 3
35 44 The St.Gallen MBA, University of St.Gallen Switzerland 60.9 3
36 38 Indian School of Business India 58.1 3
37 46 Indian Institute of Management Calcutta India 54.6 3
38 37 Joseph L. Rotman School of Management, University of
Toronto
Canada 54.3 3
39 33 Oxford University, Said Business School United Kingdom 53.9 3
40 39 Boston University School of Management United States 50.0 3
41 86 ESIC Business & Marketing School Spain 49.8 2
42 45 Kenan-Flagler Business School, University of North Carolina United States 49.2 2
43 34 Melbourne Business School, The University of Melbourne Australia 47.9 2
44 47 ESSEC Business School France 46.9 2
45 43 Sydney Business School, University of Wollongong Australia 46.9 2
46 50 The University of Hong Kong, Faculty of Business and
Economics
Hong Kong 46.1 2
47 55 Copenhagen Business School Denmark 45.8 2
48 51 Trinity MBA,University of Dublin, Trinity College Ireland 44.2 2
49 62 Warwick Business School, University of Warwick United Kingdom 41.0 2
50 52 Nanyang Business School, Nanyang Technological University Singapore 39.8 2
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There is a stable hierarchy at the top of this years specialization ranking for
Corporate Social Responsibility (CSR), suggesting that a handful of programs at
elite schools are clearly established in the eyes of the worlds MBA employers as the
leaders in the eld. Harvard, Stanford and INSEAD retain the top three places, with
the only change in the top ve coming as IE Business School and Wharton switch
places.
The fact that the top programs in this area correspond quite closely to the top
scoring schools overall is an indication of how seriously CSR is now being taken at
the worlds leading schools. As corporations come under greater scrutiny for their
ethical and environmental practice, employers are turning to a growing number of
MBAs from elite schools specializing in this zeitgeist area.
The only new schools in the top ten are School of Business, George Washington
University, which moves up from 11th to eight, and Michael G. Foster School of
Business, University of Washington moves from 12th to ninth. North America takes
seven of the top ten spots, compared to three for Europe.
North America also accounts for 22 of the top 50, ahead of Europe with 18 and Asia-
Pacic with nine. There are as yet no schools from either Middle East & Africa or
Latin America among the global elite in this area of study.
Business schools showing notable
improvements in this years
corporate social responsibility
rating include:
ESIC Business & Marketing School
Copenhagen Business School
Trinity MBA,University of Dublin,
Trinity College
Warwick Business School,
University of Warwick
Nanyang Business School,
Nanyang Technological University
The best-performing schools by
region are:
Harvard Business School
(North America)
INSEAD France (Europe)
Indian Institute of
Management, Ahmedabad
(Asia-Pacic)
The top four schools from the
Asia-Pacic region are all Indian,
which suggests it has been
quicker than its peers to embrace
this non-traditional area of study.
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Entrepreneurship
Report 2013/14
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Entrepreneurship
Technology (MIT)
8 7 Babson College United States 99.1 3
19 18 Tepper School of Business, Carnegie Mellon University United States 69.4 3
26 42 Joseph L. Rotman School of Management, University of Toronto Canada 54.6 3
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28 31 American University Kogod School of Business United States 52.9 3
29 20 Marshall School of Business, University of Southern California United States 52.6 3
30 32 Michael G. Foster School of Business, University of Washington United States 52.3 3
32 36 The University of Hong Kong, Faculty of Business and Economics Hong Kong 51.2 3
34 26 Imperial College Business School, Imperial College London United Kingdom 50.2 3
39 119 University of Colorado at Boulder Leeds School of Business United States 43.2 2
41 30 EMLYON Business School France 39.7 2
43 38 The HKUST Business School Hong Kong 35.1 2
44 59 Richard Ivey School of Business, The University of Western
Ontario
Canada 34.7 2
45 62 The Fox School of Business, Temple University United States 34.2 2
University
49 48 S. P. Jain Institute of Management and Research India 30.8 2
50 40 NUS Business School, National University of Singapore Singapore 30.3 2
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The same schools comprise the top ten in this years ranking for
entrepreneurship as in 2012, led by Harvard, Stanford, Wharton and IE.
A total of 11 nations are represented in the global top 50: US (25), India
(4), UK (4), France (3), Spain (3), Canada (2), Hong Kong (2), Switzerland (2),
Australia (1), Italy (1), and Singapore (1).
In a top ten dominated by big-name schools that feature prominently
in the Elite Global category of the overall rating, Babson College stands
out as a school whose strength in entrepreneurship exceeds its overall
reputation. Rated in the Emerging Global grouping overall, it ranks 8th
globally for entrepreneurship, one place lower than last year.
The four highest ranked schools from Asia-Pacic are all Indian: IIM
Ahmedabad, IIM Bangalore, IIM Calcutta and Indian School of Business.
Business schools showing notable improvements in this years
entrepreneurship rating include:
Indian Institute of Management, Bangalore
Joseph L. Rotman School of Management, University of Toronto
Indian School of Business
SDA Bocconi School of Management
The St.Gallen MBA, University of St.Gallen
University of Colorado at Boulder Leeds School of Business
Richard Ivey School of Business, The University of Western Ontario
The Fox School of Business, Temple University
S.C. Johnson Graduate School of Management, Cornell University
While seemingly paradoxical, MBA employers are increasingly placing
an emphasis on the entrepreneurial talents of their new hires. Though
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traditionally an area where a business school graduate might
aim to start up their own enterprise, employers value the talents
of graduates who can, in tough economic times, develop fresh
sources of revenue, while the graduates themselves nd greater
security in testing their entrepreneurial ideas with the nancial
backing of their employers.
Interestingly, large employers were once reluctant to hire MBAs
with signicant entrepreneurship coursework for fear that the
new hire was only passing time before starting his or her own
business, explains Dr Brian S Anderson, assistant professor
of entrepreneurship at the Richard Ivey School of Business.
As large rms come to recognize that pursuing innovation and
entrepreneurial-centric strategies pays off in terms of better
performance - something that research has shown repeatedly -
those rms are seeing more value in MBAs that have knowledge
of, and experience with entrepreneurship topics.
However, with a gloomy economic outlook for much of the
world, its not just businesses that are placing their faith in MBA
entrepreneurs, as San Rickard, director of the full-time MBA
program(2006-2011) at Craneld School of Management explains:
Governments have come to the view rightly or wrongly
that their inuence on their economies is greatly weakened in
a globalizing world and now put great emphasis on business
start ups and entrepreneurship to generate jobs and growth. Not
surprising therefore that entrepreneurship has a higher prole in
business schools.
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entrepreneurship rating include:
University of Colorado at Boulder
Leeds School of Business
Richard Ivey School of Business,
The University of Western Ontario
The Fox School of Business, Temple
University
S.C. Johnson Graduate School of
Dr Anderson continues: I think the entrepreneurship eld in
scholarly circles is becoming far more accepted as a legitimate
course of study, faculty hiring in the area is up, and more
resources are being spent in developing very high-quality,
experiential learning programs for students.
One business school that has consistently rated highly for
entrepreneurship is The Wharton School at the University of
Pennsylvania, ranked third this year.
Wharton was the rst business school to develop a fully
integrated curriculum of entrepreneurial studies and continues
to emphasize entrepreneurship across all disciplines, says
Emily Gohn Cieri, managing director of The Wharton Schools
entrepreneurial programs. We teach students how to acquire
an entrepreneurial mindset so they learn to adapt rapidly,
throughout the venturing process, to new situations while
avoiding fatal aws and traps.
Finance
Report 2013/14
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Finance
Technology (MIT)
Toronto
Canada 58.6 3
27 28 Cass Business School United Kingdom 50.4 3
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32 32 The Australian National University, ANU College of Business
and Economics
Australia 45.2 2
Ontario
Canada 33.5 2
Economics
Hong Kong 33.1 2
42 46 Monash University Faculty of Business and Economics Australia 28.7 2
43 48 University of New South Wales, AGSM MBA Programs Australia 28.3 2
44 44 Manchester Business School, The University of Manchester United Kingdom 28.1 2
46 47 European Business School (EBS) Germany 26.9 2
University
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Wharton reigns supreme in nance, topping the table again as it has done
every year since 2010. There are also particularly strong performances from
LBS (2nd) and NYU Stern (5th), both of which benet from strong links to
the nance sectors in the major global capitals in which they are located.
Fellow New York City-based institution Columbia Business School is just
one place behind NYU Stern, in sixth.
The top Asia-Pacic school is Indias IIM Ahmedabad in 11th, ve places
ahead of IIM Bangalore. A total of 12 countries are represented in the top
50: US (19), UK (7), India (5), Australia (4), France (3), Spain (3), Singapore (2),
Switzerland (2), Canada (2), ), Germany (1), Hong Kong (1), Italy (1)
Business schools that have shown big improvements in how employers
value their MBA graduates nancial abilities include:
Haas School of Business, UC Berkeley
UCLA Anderson School of Management
Thunderbird School of Global Management
Warwick Business School, University of Warwick
A long-standing favorite specialist area for many MBA graduates, nance
has taken a hit in popularity amongst applicants in recent years, following
the global nancial crisis. However, as business schools continue to react
to the ongoing nancial events around the world, altering their programs
to incorporate the lessons that need to be learnt from such economically
game-changing events, employers continue to value the modern approach of
MBA graduates to nance.
At The Wharton School at the University of Pennsylvania, which over the
years has consistently been rated top in fostering a nancial prowess
among their MBAs, evolution of their curricula is important.
Change has occurred both organically, as in the MBA curriculum review we
just completed, and reactively, in response to the nancial crisis, explains
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Michael Gibbons, deputy dean at Wharton. These changes extend to all
academic-related work such as courses, research, seminars, and conferences.
In the classroom, Wharton continues to offer an innovative curriculum that
reects its expertise in nance. Students are provided with knowledge that is
in-depth but broad enough to be responsive to the vagaries of the market.In
the post-crisis nancial system, it is apparent that business leaders need to
understand government better given increased regulation in the nancial
sector.
However, its not purely the nancial services sector that employs
MBA graduates and alumni who are well versed in all that is nance.
Organizations outside of the sector have always required leaders with an
in-depth nancial know-how, but as the global economy evolves this need is
growing more than ever.
Financial companies offer unique challenges to their leaders and senior
managers, particularly on subjects as varied as leadership, trust issues and
regulatory framework changes, explains Professor Steve Thomas, executive
MBA course director and professor of nance at Cass Business School,
City University London. Recent global developments offer unusual and
substantial challenges to managers in this sector. Anyone planning to run
a business with these additional issues present needs to ensure they are
knowledgeable and comfortable with a very wide range of management and
professional skills.
When looking into specialist areas taught on MBA programs, it should
always be made clear that the MBA qualication has traditionally been seen
as a general management degree, and only recently have specialist programs
dedicated to the nance profession developed. As most business schools
offer numerous nance-focused options, prospective students need to look
carefully when trying to differentiate between programs. One effective way is
through assessing the strength of the schools career service links within the
nancial industry around the world. The Stern School at New York University,
for example, regularly attracts Wall Street recruiters to campus.
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Despite many MBA programs reporting an increase in diversity of working
backgrounds in their class, the nancial services industry still provides the
largest amount of candidates to pursue the qualication across the world.
Many students are looking to further their place in the industry and have
specic goals, so look to an MBA to help them achieve career progression.
For this reason, many schools offer a large range of nance-specic
courses, both as part of their core curriculum and as optional electives.
The University of Chicagos Booth School of Business is well known for its
quantitative and analytical nance focus, and traditionally places around
75% of their graduates in nance and consulting jobs. The opening of their
executive MBA campuses in the nancial centres of London and Singapore
has also helped increase their perception among global nancial services
employers.
MBA candidates may also be looking to move into the nancial sector from
other industries. With jobs in the sector in great demand, schools that have
established internship links with such nance rms can particularly help
candidates looking to switch industries. The Wharton School for example,
traditionally places many of its students in Wall Street rms for internships
at the end of their rst year.
improvements in this years nance
rating include:
Thunderbird School of Global
Management
Warwick Business School,
University of Warwick
Information
Management
Report 2013/14
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Information Management
Technology (MIT)
17 102 WHU Otto Beisheim School of Management Germany 86.7 3
3 www.TopMBA.com
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University
Toronto
Canada 54.1 3
Ontario
Canada 52.0 3
41 29 Krannert School of Management, Purdue University United States 44.6 2
42 124 Trinity MBA,University of Dublin, Trinity College Ireland 44.4 2
Economics
Hong Kong 42.8 2
46 65 Vlerick Leuven Gent Management School Belgium 40.4 2
47 40 University of Massachusetts Boston MBA Program United States 40.3 2
48 39 Instituto Tecnologico Autonomo de Mexico (ITAM) Mexico 40.2 2
49 50 Asian Institute of Management Philippines 39.3 2
50 47 EGADE-Tecnologico de Monterrey, Campus Monterrey Mexico 37.8 2
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MIT, Harvard and Stanford all appear strongly at the head of the information
management rating. MIT has long been seen as a leader in this eld, combining
world-class technical research with international management and strategy
expertise. The school offers two highly regarded programs - Leaders for Global
Operations(LGO)and Systems Design and Management(SDM) - with the MIT
faculty of engineering. This allows MBAs to take advantage of the cutting-edge
research resources of the worlds number one engineering faculty, as conrmed by
the QS World University Rankings.
Stanfords Graduate School of Business also features among the top performers
in the information management rating, with good links to many of the worlds top
technology companies based in and around the surrounding area of San Francisco
Bay. Other schools from North America that appear strongly include the Wharton
School, Kellogg School of Management, Northwestern University, Columbia Business
School and Haas School of Business, UC Berkeley.
In Europe, IE Business School, INSEAD and London Business School, appear as the
top rated schools through the eyes of employers. INSEAD boasts world-class faculty
in the eld of information management, found at the technology and operations
management area within the school. IE and HEC similarly both have world-class
faculty in this topic, publishing numerous research papers covering developments
in information management.
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Business schools that have made considerable gains in employer reputation for their
teaching of information management to MBA students include:
WHU Otto Beisheim School of Management
Kenan-Flagler Business School, University of North Carolina
Judge Business School, University of Cambridge
Trinity MBA, University of Dublin, Trinity College
Vlerick Leuven Gent Management School
There are 11 Asian-Pacic schools featured in the information management report,
more than are found in many other specializations. IIM Ahmedabad appears highest,
followed by other technically renowned schools such as Melbourne Business School,
IIM Bangalore, and IIM Calcutta. Indian School of Business and the The HKUST
Business School also feature strongly.
The fast-growing global importance of information management to the business
world has created an increase in the demand for MBA graduates with technical
skills over the past decade. Of particular note is the fast-paced growth in technology,
specically new platforms such as social networking formed on the back of the rapid
integration of the online domain into everyday life.
This shift has also seen growth in the number of prospective MBA candidates with
IT and engineering backgrounds who look to build on their technical skills, instead
of looking to switch to the traditionally popular MBA industries such as nance,
general management or consulting. Importance has now been placed on combining
world-class management skills with already established technical expertise.
Business schools excelling in the eld have looked to reect this demand from
students and MBA employers within their MBA curricula, with growth in the number
of MBA programs specically designed for technical students. Specializations like
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information management rating
include:
WHU Otto Beisheim School of
Management
Judge Business School, University
of Cambridge
Trinity MBA,University of Dublin,
Trinity College
Vlerick Leuven Gent Management
School
information and technology management, for example, systems integration, back
ofce, and knowledge management are an attraction for engineers, keen to make the
transition from a technical specialist to a technical manager.
Although the traditional view of the MBA curriculum focuses on general
management, many large and specialist business schools offer electives for MBAs to
specialize in information and technology management.
When comparing MBA programs, prospective students should consider the
percentage of the current class who have similar technical backgrounds, and more
importantly the percentage of recent graduates who have graduated to roles similar
to that which they seek themselves. If it is a technical management role that is
being sought, then graduating class data will reect how competent a school is at
providing this opportunity. The main employers who recruit at a school, and the
specic roles for which they recruit, will also give an indication of the schools
ability to attract technically-focused recruiters.
Innovation
Report 2013/14
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Innovation
Technology (MIT)
9 8 The Kellogg School of Management, Northwestern
University
Toronto
Canada 67.5 3
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University
Economics
Hong Kong 54.5 3
38 35 Kenan-Flagler Business School, University of North
Carolina
39 38 Babson College United States 43.1 2
40 33 Desautels Faculty of Management at McGill University Canada 42.5 2
41 45 Instituto Tecnologico Autonomo de Mexico (ITAM) Mexico 37.8 2
43 55 Queen's School of Business Canada 33.8 2
Ontario
Canada 30.0 2
49 60 HEC Montreal Canada 29.3 2
50 51 EMLYON Business School France 29.2 2
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Stanford retains the top spot for innovation, ahead of fellow US schools Harvard
and MIT Sloan. The top ten is split 50/50 between schools from North America and
Europe, with ve US schools joined by two from Spain (IE and IESE Navarra), and
one apiece from France (INSEAD) and the UK (LBS). Wharton and Kellogg School of
Management make up the remaining spots in the top ten. Each of these schools hold
established records at developing high-prole innovative business leaders across
industries, often achieved through differing methods.
In Asia, Indian business schools are again showing their rapid development, with
the two Indian Institute of Managements in Ahmedabad and Bangaloreretaining
their places in the top 20. The Indian School of Business and the Indian Institute of
Management in Calcutta also show good progress in the eyes of employers seeking
MBA graduates versed in innovation.
Elsewhere in the Asia-Pacic region, HKUST Business School, the University of Hong
Kong and Melbourne Business School are well respected by MBA employers and
recruiters.
Other business schools that have gained signicantly in employer opinion for
innovation include:
Queen's School of Business
ESSEC Business School
HEC Montreal
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Innovation has long been both the cause and effect of developments in MBA
curricula taught at the worlds highest respected business schools. With the stories
of many famous business leaders beginning through innovations of new or current
processes and technology, schools understand the importance of developing the
ability to form innovative ideas and implementing them in the future business world.
Many faculty members at top business schools see the practical application of their
teaching and research, particularly by the graduates who pass through their MBA
programs, as their contribution towards the development of long-term business
methods and procedures. Schools try to offer their support in creating a working
environment to best foster management innovation in their students.
Sherring Ng, head of marketing and admissions of HKUST Business Schools MBA
programs stresses the importance of innovation in order to foster sustainable
growth in business: Innovation helps to improve productivity, add value to the
existing services or product or improve efciency of business operations. Employers
value innovation because employees with this competence are likely to help the
companies to create new products, processes, or services which will meet the ever-
changing demand in the market and sustain business growth.
Ng continues, explaining what innovation at MBA level involves:A specialization
in innovation entails creativity, imagination and open-mindedness to new ideas.
To facilitate a specialization in innovation, a business school has to be supportive
to new ideas; it should build up a positive atmosphere that encourages people to
express their own opinion and to take risk. Communication channels and occasions
that allow collections of new ideas and experimentation will facilitate the innovation
process.
When considering MBA programs that will help encourage innovation in
management, there are a number of factors to consider.
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innovation rating include:
Imperial College Business School,
Imperial College London
Ashridge Business School
HEC Montreal
EMLYON Business School
One important consideration is the opportunity to interact with classmates to
help build perspectives and shape business ideas, and consequently importance
is placed on diversity gures of the current MBA class. If the level of interaction
between MBA students is high, then it makes sense that the more diverse the class,
then the more opportunity there is to learn from students with different working
and cultural backgrounds or perspectives.
Further linked to this concept of creating an innovative working environment
is the way in which the class is taught. A program that offers a large amount of
group work and opportunities to work on case studies may nd that innovation
is more prevalent. Schools that teach with a case study method, such as Harvard
Business School, Richard Ivey School of Business, The Darden School of Business at
the University of Virginia and IESE Business School, offer their MBA students the
chance to interact with classmates on real business cases, often inviting business
leaders to facilitate the learning process.
International
Management
Report 2013/14
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International Management
8 7 Marshall School of Business, University of Southern
California
12 11 The Fox School of Business, Temple University United States 97.3 3
Technology (MIT)
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Ontario
Canada 62.3 3
Toronto
Canada 53.3 3
Economics
Hong Kong 50.5 3
35 41 The Australian National University, ANU College of Business
and Economics
Australia 50.2 3
36 20 Darla Moore School of Business, University of South Carolina United States 49.8 2
38 30 Rotterdam School of Management, Erasmus University Netherlands 45.8 2
43 50 Hult International Business School United States 39.6 2
44 120 HEC Montreal Canada 39.5 2
48 47 School of Economics and Management, Tsinghua University China 38.2 2
50 62 Sauder School of Business, University of British Columbia Canada 36.8 2
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INSEAD France retains its place as the number one school of
international management, making it the only one of the ten MBA
specializations covered in this report that is not topped by a US
institution. Fellow European schools LBS and IE also make the top ve,
while Cambridges Judge Business School joins them in the top ten.
With its diverse mix of home nationalities, close international ties,
and a strong global perception of MBA education, European business
schools prove extremely attractive to international applicants,
translating to internationally diverse classes. The international make up
of the European business schools full-time MBA programs that feature
in the top 10 are impressive:
INSEAD, France: 93% international students;
London Business School: 91% international students;
IE Business: 97% international students;
Judge Business School: 97% international students.
Yet despite the prominence of European schools in the top ten,
in numerical terms they are outperformed by North America,
with 23, and Asia-Pacic, with 13. The leading Asia-Pacic school
is Melbourne Business School, while Indias IIM Ahmedabad,
Singapores NUS Business School, and the University of Hong Kong
all feature prominently. The leading US schools are Harvard, Wharton,
Thunderbird, Stanford, and Marshall School of Business, University of
Southern California.
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Schools rated highly in the international management ratingoften have
multiple campuses across the world. INSEADs MBA, for instance, runs
in a dual campus format, where students are able to study at either of
their campuses in Singapore or France. Similarly, Thunderbird School
of Global Management has locations in Switzerland, China, Russia, and
Mexico, in addition to its main campus in the US.
MBA education evolves with the changing needs of a competitive
economic environment, and over the past decade, international
management and the need to understand management within a global
context has grown signicantly in importance.
Top business schools have seen the necessity of creating international
MBA classroom environments that reect the ever-increasing
international working environment. A number of leading business
schools have designed their curricula to focus on international
management, while other schools have launched specialized MBA
programs in this area.
Mark Crosby, associate professor of economics at Melbourne Business
Schoolstates, International management is increasingly becoming
an integrative part of the curriculum as opposed to a standalone
concentration featured in MBA programs of the past.
Understanding the vital role that international trade plays in the world
economy and the resulting implications for business is a key objective
for an MBA student. Accommodating globalization, dealing with the
world nancial crisis, and achieving sustainable development are among
the major challenges facing the world economy. The international
trading system, for example, is central to successfully addressing these
and other global challenges, he adds.
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Many students who pursue a specialization in international
management are driven by the desire to gain global exposure and work
within a diverse and international team. Often they have international
work experience and look to both study and work in a different country
to their own. The internationalization of business demands a sound
working knowledge of the principles of international nance and the
operation of international nancial markets, Crosby states.
Employers who responded to the latest TopMBA.com Jobs and Salary
Trends Report strongly agreed that screening for language and
intercultural skills is an increasingly important part of the hiring
process.
international management rating
include:
HEC Montreal
Sauder School of Business,
University of British Columbia
Leadership
Report 2013/14
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Leadership
9 6 The Kellogg School of Management, Northwestern
University
Technology (MIT)
3 www.TopMBA.com
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Ontario
Canada 52.8 3
University
Toronto
Canada 45.7 2
Economics
Hong Kong 44.4 2
39 36 Cranfeld School of Management United Kingdom 40.9 2
41 23 McDonough School of Business, Georgetown University United States 39.5 2
42 98 Mannheim Business School Germany 38.2 2
43 34 Lancaster University Management School United Kingdom 35.9 2
45 38 Henley Business School United Kingdom 34.5 2
49 45 Nanyang Business School, Nanyang Technological
University
Singapore 30.7 2
50 53 Queen's School of Business Canada 27.8 2
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Harvard retains the top spot in the leadership rating for a fourth
consecutive year, one of ve subject specializations in which it is rated
number one by MBA employers this year. Harvards preeminence in
this particular area does not come as a surprise, as historically it has
produced more Fortune 500 CEOs than any other business school.
The list is dominated by big-name schools in the Elite Global category,
with the same top ve this year as in 2012. The only major change at
the top of the table comes as IMD jumps from 12th to sixth, while The
Kellogg School of Management drops three places to ninth.
A total of eight UK schools feature in the top 50, amongst a total of 18
European schools. LBS is joined in the top 20 by Oxfords Said Business
School, with Cambridges Judge Business School and Craneld School of
Management also featuring prominently.
INSEAD and London Business School have a longstanding reputation
for leadership development on their MBA programs. Both offer very
different approaches; however they also have similarities in that
both schools have widened and developed their executive education
curriculum, allowing their MBA students to benet from interaction
with senior business leaders.
Other European schools featuring prominently in the ratings include
Switzerlands IMD, as well as Spanish schools IE and IESE. IMD in
particular has an outstanding global reputation for its ability to
develop individual leadership skills in its small class of MBA students.
Other top schools are adopting innovative approaches to developing
MBAs leadership capabilities. The Wharton School for example
provides leadership development training at a military academy in
Quantico, Virginia as an optional part of its program, while other North
American schools such as the Tuck School of Business have designed
programs that are tailored to each MBA student.
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leadership rating include:
Mannheim Business School
At Tuck the curriculum is designed as such that MBA students can
develop their leadership skills over two years, and each students has a
personal leadership plan. The Richard Ivey School of Business has also
tailored its program to appeal to MBA students keen to develop their
leadership skills.
The leading school form the Asia-Pacic region is Indian Institute
of Management, Ahmedabad, while IIM Bangalore, Singapores NUS
Business School and Australias Melbourne Business School also make
the global top 20 for their employer reputation.
The following schools have signicantly improved their reputation for
leadership among global MBA employers:
HEC MBA Program (Paris)
Indian Institute of Management, Bangalore
Indian Institute of Management Calcutta
Mannheim Business School
Marketing
Report 2013/14
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Marketing
Technology (MIT)
3 www.TopMBA.com
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34 52 Joseph L. Rotman School of Management, University of Toronto Canada 47.1 2
36 33 Marshall School of Business, University of Southern California United States 44.3 2
37 38 Kelley School of Business, Indiana University United States 42.6 2
38 37 Rotterdam School of Management, Erasmus University Netherlands 41.6 2
University
41 36 The Johns Hopkins Carey Business School United States 39.8 2
43 87 York University, Schulich School of Business Canada 38.3 2
44 45 McDonough School of Business, Georgetown University United States 36.9 2
45 55 ESIC Business & Marketing School Spain 36.4 2
48 39 UQ Business School, University of Queensland Australia 34.9 2
50 43 Goizueta Business School, Emory University United States 33.8 2
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The Kellogg School of Management claims the top spot for the
third successive year, underlying its status as the worlds most
prestigious source of top marketing talent. The schools research
output delivered by its world-class faculty can be found in the top
business marketing journals, and it continues to be among the most
sought after for MBA graduates with an expertise in the eld of
marketing.
Fellow US schools Harvard and Wharton takes spots two and three.
The schools are well known for their published marketing research,
as well as their analytical tools. Columbia Business School is this
years biggest climber at the top of the table, rising from 16th
in 2012 to eighth this year. Stanford and UCLA are the other US
schools in the top ten.
In Europe, marketing expertise is dispersed across many countries.
Frances INSEAD, Spains IE Business School, and the UKs London
Business School and Cambridge Judge Business School all make
the top ten. SDA Bocconi and ESADE Business School continue to be
held in high regard for their marketing electives among employers,
both featuring in the top 20.
Seven business schools in the Asia-Pacic region feature in the
marketing ratings. Of them, IIM Ahmedabad in India received the
highest rating, while Australias Melbourne Business School is the
only other Asia-Pacic school in the top 20.
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The following schools have signicantly improved their reputation
for marketing among global MBA employers:
Columbia Business School, Columbia University
Joseph L. Rotman School of Management, University of
Toronto
Sydney Business School, University of Wollongong
S.C. Johnson Graduate School of Management, Cornell
University
York University, Schulich School of Business
The fast paced technological evolution over the past few decades
has changed the shape of marketing for ever, heightening
its importance in the business world. In order to meet these
demands, many business schools have emphasized the nurturing
of marketing skills in their curricula.
In particular, the increased dominance of the internet, online
social media platforms, and the collation of databases containing
detailed customer proles, has heightened the value and
sophistication of marketing tools for achieving competitive
advantage. The latest QS TopMBA.com Jobs and Salary Trends
Report shows that the majority of employers across the world nd
marketing skills among MBA graduates important, and over the
past few years business schools are building on this competitive
advantage through offering their students an increase in the
amount and variety of marketing focused courses and electives as
part of their MBA programs.
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Joseph L. Rotman School of
York University, Schulich School of
Business
The St.Gallen MBA, University of
St.Gallen
Nitin Pangarkar, associate professor and academic director of the
MBA program at NUS Business School, explains that marketing
is a hugely important aspect of business management. Students
pursuing the marketing specialization take courses addressing
aspects such as consumer behavior, marketing research, channel
management and pricing, plus product and brand management,
Pangarkar states. Through these courses, students come to acquire
an in-depth understanding of classic concepts as well as new ideas
in marketing.Students also acquire insights into the practice of
these ideas.
Many of the top business schools in marketing are renowned not
only for producing world-class MBA graduates in the eld, but
also for their strong marketing faculty and research. Many widely
available marketing journals publish work from the top business
schools featured in the rating.
Operations
Management
Report 2013/14
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Operations Management
Technology (MIT)
14 9 Krannert School of Management, Purdue University United States 93.5 3
3 www.TopMBA.com
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31 30 Vanderbilt University, Owen Graduate School of Management United States 55.5 3
Economics
Hong Kong 44.1 2
Ontario
Canada 42.6 2
48 191 Florida International University, Graduate School of Business United States 37.8 2
50 57 Max M. Fisher College of Business, The Ohio State University United States 37.6 2
50 39 Darla Moore School of Business, University of South Carolina United States 46.8
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Harvard overtakes MITs Sloan School of Management to take the top spot in this
years ranking for operations management. INSEAD also rises, taking third place
ahead of the Wharton School, while IE Business School moves up into the top ve
ahead of Stanford. The top ten is evenly split between the US and Europe, with ve
apiece.
The US still dominates this area of MBA instruction, with 21 of the top 50 schools,
though this number has dropped from as high as 27 two years ago as the range of
leading schools targeted by employers continues to diversify. Europe now accounts
for 17 of the top 50 schools, including ve of the top ten, while nine schools from
Asia-Pacic are featured.
IIT Ahmedabad continues to increase its global prole, moving up a single place to
13th as it edges closer to the elite schools in the top ten. IIT Bangalore and Indian
School of Business are also rated highly by employers recruiting MBAs within this
specialization area, with Melbourne Business School joining them in the top 30.
In Europe, UK business schools once again lead the way in operations management,
accounting for eight of the 17 European schools featured. INSEAD, France is the
highest rated European business school, having made the top ve for the past three
years.
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The following schools have signicantly improved their reputation for operations
management among global MBA employers:
Haas School of Business, UC Berkeley
The St Gallen MBA, University of St.Gallen
Cass Business School
The University of Hong Kong, Faculty of Business and Economics
Imperial College Business School, Imperial College London
Florida International University, Graduate School of Business
An MBA specialization in operations management looks at the underlying concepts
of the production and operations function of an organization, and is generally
divided into two areas the study of service operations, and manufacturing or
production operations. This may encompass study in the following areas: design-
related activities that form the function of a particular operation; the planning
and control activities necessary to run the operation; and/or improving the way
a particular operation performs its function. Operations management is often an
attractive specialization for MBA students interested in following management
careers in engineering, manufacturing, and logistics.
Professor Miguel Angel Heras, director of ESADEs department of operations
management and innovation explains that careers in this eld can be broken down
to simple key processes that are vital to many organizations.
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Management
Cass Business School
The University of Hong Kong,
Faculty of Business and Economics
Imperial College Business School,
Imperial College London
Florida International University,
Max M. Fisher College of Business,
The Ohio State University
These processes are made up of interrelated, sequential activities through which
the components and actors required (raw materials, labor, capital, information, the
client, and such) are transformed into products. The key is the value added through
the process as perceived by the customer, i.e. the end product has a greater value
than the elements pre-process.
Nitin Pangarkar, associate professor and academic director of the MBA program
at NUS Business School adds that business management skills in operations
management will be vital for some employers. Some rms might have strategies
built around specic strengths. For instance, operations are one of Walmarts
greatest strengths and, clearly, they would like to employ managers who have a good
understanding of key issues in that area.
Strategy
Report 2013/14
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Strategy
Technology (MIT)
3 www.TopMBA.com
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32 45 Desautels Faculty of Management at McGill University Canada 44.3 2
University
Ontario
Canada 34.4 2
Economics
Hong Kong 33.0 2
Toronto
Canada 31.5 2
48 65 Vlerick Leuven Gent Management School Belgium 24.4 1
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Last years top ve all retain their positions in the 2013/13 ranking for strategy, led
by Harvard, INSEAD and Wharton. The top ten schools are all from the elite global
category, reecting the status of strategy as a core curriculum area prioritized by
the most prestigious business schools around the world. Overall, North America
accounts for 23 of the top 50 schools, compared to 18 from Europe and nine from
Asia-Pacic.
Wharton, Stanford, Kellogg School of Management, Columbia Business School and
Chicago Booth Business School all join Harvard in the top ten. All six leading US
schools are thought-leaders in the eld, with a strong teaching presence combined
with high-prole research.
European business schools are considered by employers to perform very well in
arming their MBA graduates with in-depth knowledge of business strategy. Nine
European schools appear in the top 20, led by INSEAD, London Business School, IE
and IMD.
In the Asia-Pacic region, India is currently leading the way in the MBA strategy
specialization. Of the nine business schools in the Asia-Pacic region featured in the
rating, ve are located in India, including all of the regions top four.
The following schools have signicantly improved their reputation for operations
management among global MBA employers:
Indian Institute of Management Calcutta
Desautels Faculty of Management at McGill University
Warwick Business School, University of Warwick
Sauder School of Business, University of British Columbia
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As the ratings that make up the QS Global 200 Business Schools Report are based
on MBA recruiters opinions of MBA graduates abilities in strategy, MBA programs
that include elements of strategy, as well as those that specialize in it are included
in the ratings. Business schools that emphasize strategy as part of their standard
programs, and MBA programs specically specializing in strategy can place
successful alumni in careers focusing on new commercial avenues, as well as
modernizing the management of existing business structures.
Indian Institute of Management
Calcutta
Joseph L. Rotman School of
Sauder School of Business,
University of British Columbia
Vlerick Leuven Gent Management
School
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