Professional Documents
Culture Documents
GLOBAL
200
QS Global 200
Business Schools Report
Unlocking the worlds top 200 business schools
www.TopMBA.com
Contents
Introduction
10
14
17
21
25
28
30
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Introduction
The QS Global 200 Business Schools Report originated in the early 1990s
as an alternative to business school rankings. At the heart of the report
was a definitive list of 200 business schools from which employers
prefer to recruit MBAs. The research was intended to be of use to MBA
employers, prospective MBA students and institutions worldwide that
are interested in international business education and recruitment
trends.
All that is still true. But for the first time this year QS is introducing a number
of changes that will transform the Global 200 Business Schools Report. The
report is compiled from an annual survey of human resources managers
at companies around the world that actively recruit MBA graduates. With
the 2014/15 report, the research now includes a second measure: academic
reputation. Based on a global survey of top faculty with expertise in business
and management, the new measure identifies those business schools with the
best worldwide reputation for cutting-edge research, an expertise that informs
teaching, curricula, and many other aspects of those programs.
At the same time, were changing the way we present the data. In the past, we
published separate regional rankings for four categories of business schools:
elite global, emerging global, elite regional, and emerging regional. Our new
report eliminates the four categories in favor of a single ranking for each region
covered: North America (the US & Canada), Europe, Asia-Pacific, Latin America,
and the Middle East & Africa.
Rankings in 10 MBA specializations, from strategy to corporate social
responsibility will be published at a later date. We have also eliminated schoolby-school placement, salary, and bonus data, which is not part of our ranking
methodology. That data will be presented in a new report on the MBAs return
on investment, to be published separately.
The changes are based on the growing realization that the value proposition
of the MBA is changing. It is no longer viewed as merely a passport to highpaying job. For many students, it is also a way to create value in other ways
whether that means working with a nonprofit or starting a business. Those
goals require academic skills far beyond the ones that prepared generations
of MBAs for careers in finance and consulting, and they demand a new kind of
ranking. This report is just such a ranking.
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Fast Facts
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Worldwide: Six schools received the maximum score for employer recognition, identifying
them as the leading schools in their region, including two new US additions to this club: the
University of Pennsylvanias Wharton School and Northwestern Universitys Kellogg School
of Management. Four schools received the maximum score for academic reputation: Harvard
Business School, Stanford Graduate School of Business, the Wharton School and MITs Sloan
School of Management. Three schools Harvard, Stanford, and Wharton received the maximum
score for both.
North America: The triumvirate that dominates the top tier of US business schools once again
occupies the top of the North American list this year, with Harvard, Stanford and Wharton in an
unprecedented three-way tie for the No. 1 spot. The change in the ranking methodology resulted
in big shifts among well-known schools. In the top 10, New York Universitys Stern School
of Business moved up 11 spots to No. 10. Elsewhere, the McCombs School of Business at the
University of Texas, Austin, gained 10 spots, the Marshall School of Business at the University of
Southern California advanced 18 spots and the Paul Merage School of Business at the University
of California, Irvine rose by 19.
Europe: After more than a decade at the top, INSEAD surrenders the No. 1 spot in Europe to
London Business School in what amounts to a rankings dead heat, with LBS nudging out its
rival by the narrowest of margins. Sad Business School at Oxford University joins the top three,
HEC Paris and SDA Bocconi join the top five, and the University of Strathclyde Business School,
Cass Business School, Business School Lausanne, and Grenoble Graduate School of Business all
gained 20 spots or more.
Asia-Pacific: INSEADs Singapore program retains its grip on the Asia-Pacific title thanks to a
reputation among international MBA employers that exceeds that of all other business schools
in the region several times over and an academic reputation among the very best in the world.
Singapore retains its hold on the top of the list, while two Hong Kong schools have come out of
nowhere to establish a formidable foothold in the top five. India has lost three of its four top 10
spots, including those held by prestigious IIMs in Bangalore and Calcutta as well as the Indian
School of Business.
Latin America: EGADE-Tecnolgico de Monterrey, Campus Monterrey, Latin Americas top
school for both employer recognition and academic reputation, once again retains the No. 1
spot, followed by Pontificia Universidad Catlica de Chile, which held on to No. 2. Two schools,
unranked last year, joined the group: Universidad Adolfo Ibez at No. 5 and Universidad
Diego Portales at No. 9. Universidad de Chile was the big gainer, advancing three spots to
No. 3, followed by INCAE Business School, which moved up two spots to No. 6, and Instituto
Tecnolgico Autnomo de Mxico (ITAM), which moved up one spot to No. 4.
Middle East & Africa: A new entry to the Global 200, the College of Industrial Management at
King Fahd University, took the No. 1 spot from the Graduate School of Business at the University
of Cape Town, which fell to No. 3. The American University in Cairo rose two spots to No. 2, while
the Suliman S. Olayan School of Business at the American University of Beirut rose one spot to
No. 4.
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Regional MBA
Rankings
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Management education is globalizing. The past decade has seen an increase of accredited business
schools open in emerging markets such as in the BRICs (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 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 QS TopMBA.com Applicant Survey
2014, 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-Pacific region, Latin America,
and the Middle East are informed about MBA education, widening the sample available for the QS
Global Employer Survey.
As a consequence of these shifts, regional MBA trends are of increasing importance. In order to
provide data to help students and recruiters best choose which schools to apply to and recruit
from, QS has categorized its business school ratings by region.
Methodology
Since the beginning, the objective of the QS Global 200 Business Schools Report has been to provide
an indication of the employability of an MBA upon graduation. Unlike traditional business school
rankings, which measure programs on multiple criteria, QS for many years published a rating that
provides a reliable measure of one thing only: the employability of MBA graduates.
For the 2014/15 report, QS has adopted a new methodology. The employability measure, based on
our global survey of MBA employers, will now count for 85% of the final ranking. A second measure
academic reputation based on a global faculty survey, will contribute 15% to the final ranking.
Employer Survey
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 from which they consider hiring MBA
graduates. Employers that focus on domestic hiring are not included in the survey. However, QS
recognizes that many excellent schools that cater predominantly to the local recruitment market
may 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.
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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 for each school is referred to as the total unprompted votes.
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 on the list, a school must have been recommended by an employer in the previous
year of the research. Each time a school is selected, it is given one vote, and the total for each
school is 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 influence from the economic cycle, an
average of the total employer votes is taken from the current years research and the two previous
surveys.
The best performing school(s) are given an index score of 100 and the average total employer votes
for the remaining schools are indexed against the best performing school(s). This score is known as
the schools index of employer votes.
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Academic Reputation
Separate from the employer survey, the QS Intelligence Unit surveys academics from all over the
world each year, a survey that forms the centerpiece of the QS World University Rankings. In 2014,
63,676 faculty and other academics responded to the survey.
Respondents are first asked to identify their areas of expertise countries, regions, and up to five
faculty areas with which they are most familiar. For each of the five faculty areas, they are then
asked to list up to 10 domestic and 30 international institutions that they consider excellent for
research in that area. They are not permitted to choose their own institutions. For the QS Global
200 Business Schools Report, only responses related to business and management were used.
To increase the size of the sample, responses from one year are combined with those from two
previous years, and duplicate responses from the same individuals over the three-year period are
removed. In 2014, QS received 3,128 usable responses. Combining the 2014 responses with those
from two previous years gave us a total of 7,187 responses.
As with the employer survey, the best performing school(s) in the academic survey are given an
index score of 100 and the remaining schools are indexed against the best performing school(s).
Final Ranking
To assemble the final ranking, we assign a weight of 85% to the employer survey results and of 15%
to the academic reputation results. This combined score determines the relative position of each
school on each table.
This research does not intend to infer an overall global ranking of schools. Instead, the schools
in five global regions are ranked separately. Breakdowns for elite global, emerging global, elite
regional, and emerging regional business schools that appeared in previous reports are no longer
provided.
The combined or overall scores listed in the ranking tables are rounded to one decimal point.
Schools with the same overall score might have a different rank because of this rounding.
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3.0
Employer Survey
Sample
11
www.TopMBA.com
Consulting
Finance
Industry
Technology
Asia
Europe
US & Canada
Latin America
AT Kearney
Accenture
Deloitte
Deloitte
BCG
KPMG
IBM
PwC
Towers Watson
PwC
Commonwealth Bank
AXA
American Express
Banco Santander
Citibank
Bloomberg
BlackRock
Bancolombia
Nomura
BNP Paribas
Citibank
BBVA Continental
OCBC Bank
Deutsche Bank
ING
HSBC
Air Liquide
Abbott
3M
Colgate Palmolive
Alstom
Alstom
Best Buy
Daimler
Baxter
Bayer
ConAgra Foods
Exxon
Bombardier
Boehringer
DHL
Merk
Hitachi
Alcatel-Lucent
Brightstar Corporation
Hewlett-Packard
Microsoft
Apple
Atos
LG Electronics
Avaya
Oracle
BlackBerry
Tata
Microsoft
Microsoft
MercadoLibre
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12
200
400
600
800
1000
Aerospace / Defence
Construction / Property
"Consulting / Professional Services
Electronics / High Technology
Energy
Consumer Goods
Financial Services / Banking
IT / Computer Services
Law
Manufacturing / Engineering
Media / Entertainment & Arts
Metals / Mining
&Pharmaceuticals / Biotech & Healthcare
"Public Sector / Govt. / Non-profit
Recruitment / HR services
Retail
Telecoms
Transportation / Distribution
Travel / Leisure / Hospitality
Utilities
Other
Education
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13
13%
19%
Asia
Pacic
30%
14%
Eastern
Europe
La?n
America
US
&
Canada
18%
6%
Western Europe
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4.0
Academic Survey
Sample
15
www.TopMBA.com
ice
re
sid
Te
en
ac
t /
hi
ng
ep
ut
ss
y V
ist
ur
ct
or
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Se
A
or
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Se
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dm
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ch
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se
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er
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ra
ia
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ch
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to
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ia
oc
ss
A
-P
ce
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Vi
of
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so
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r /
en
ar
te
-C
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nc
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el
ss
lo
or
r
Ot
ice
V
t
/
/
L
n
ria
ra
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Ad
he
an
ist
ss
A
ry
ra
ib
o
ad
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er
ur
ct
f D
nt
ta
sis
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en
tm
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ro
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io
iss
m
Ad
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6o
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Fu
r
/
to
ra
ist
m
in
ss
ce
na
Total
Total
300
200
100
0
East Asia
Eastern
Europe
La=n
America
Middle
East
NA
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16
Total
400
200
0
0-10
11-20
21-30
31-40
41-50
51+
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5.0
North America
18
2014
Rank
1=
2013
Rank
1
Institution
Country
United States
Employer
Score
100.0
Academic
Score
100.0
Overall
Score
100.0
1=
1=
United States
100.0
100.0
100.0
732
35
United States
100.0
100.0
100.0
725
36
United States
99.9
99.6
99.9
723
40
United States
99.8
99.2
99.7
716
41
United States
100.0
97.8
99.7
715
36
99.4
100.0
99.5
713
30
12
United States
97.1
95.9
96.9
701
32
United States
96.6
97.9
96.8
707
39
10
21
United States
93.8
97.3
94.3
721
32
11
17
United States
92.6
95.9
93.1
714
37
12
11
United States
90.5
99.8
91.9
714
41
13
10
United States
91.2
88.7
90.8
634
49
14
Canada
90.5
86.3
89.9
674
26
15
14
Canada
81.5
56.4
77.7
662
58
16
19
Canada
68.7
85.1
71.2
658
55
17
15
Canada
69.1
80.4
70.8
690
19
18
20
United States
75.8
21.2
67.6
601
58
19
29
United States
60.9
88.8
65.1
690
39
20
24
United States
60.0
47.9
58.2
620
36
21
25
United States
58.1
51.8
57.2
664
66
22
16
HEC Montreal
Canada
55.7
58.3
56.1
625
26
23
42
United States
53.2
51.1
52.9
690
31
24
27
United States
51.7
52.1
51.8
718
28
25
31
United States
43.9
78.9
49.2
700
44
26
34
United States
43.4
69.4
47.3
661
51
27
23
United States
44.4
60.5
46.8
690
32
28
13
Canada
51.2
20.7
46.6
663
28
29
26
United States
40.1
79.0
45.9
691
34
30
33
United States
45.0
40.4
44.3
688
45
31
18
Canada
44.4
41.8
44.0
665
60
32
22
Canada
42.8
46.3
43.3
648
40
33
51
United States
46.5
18.2
42.3
660
30
34
38
United States
40.1
35.1
39.4
593
26
35
30
United States
38.0
45.5
39.1
648
39
36
54
United States
42.3
21.1
39.1
690
37
37
28
United States
37.4
40.8
37.9
706
35
38
71
The Eli Broad Graduate School of Management, Michigan State University United States
27.4
58.7
32.1
660
37
39
36
United States
34.7
14.9
31.7
675
36
40
61
United States
29.7
32.9
30.2
613
28
41
48
United States
32.4
9.8
29.0
580
29
42
60
United States
23.5
59.0
28.8
666
47
43
35
United States
21.9
64.7
28.3
678
39
44
53
United States
30.2
13.0
27.6
664
38
45
83
United States
25.2
33.1
26.4
672
61
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% Internl
41
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2014
Rank
46
2013
Rank
39
Institution
Country
Babson College
47
83
48
63
49
United States
Employer
Score
22.4
Academic
Score
47.1
Overall
Score
26.1
United States
25.2
25.2
25.2
696
25
Canada
25.8
12.1
23.8
627
70
87
United States
17.4
57.2
23.4
690
26
50
81
Canada
23.0
21.0
22.7
630
30
51
56
United States
24.6
8.9
22.3
640
14
52
58
United States
17.4
45.4
21.6
676
30
53
59
United States
21.3
18.5
20.9
682
50
54
85
United States
14.7
53.5
20.5
627
36
55
65
United States
13.6
47.8
18.7
637
34
56
77
United States
11.4
59.5
18.6
645
31
57
69
United States
10.4
62.9
18.3
656
49
58
41
United States
18.5
15.2
18.0
567
42
59
43
United States
16.9
22.7
17.8
631
26
60
45
Canada
19.6
6.7
17.7
576
40
61
46
Canada
16.9
19.2
17.3
620
37
62
80
United States
12.0
46.9
17.2
670
55
63
57
Canada
18.0
12.8
17.2
607
18
64
52
United States
14.7
29.2
16.9
650
45
65
62
United States
14.7
27.4
16.6
620
47
United States
10.4
47.8
16.0
639
22
66
19
% Internl
38
67
49
Canada
14.7
19.2
15.4
560
78
68
72
United States
16.9
5.7
15.2
641
57
United States
13.6
16.0
14.0
593
20
69
70
50
United States
12.0
23.3
13.7
600
17
71
47
United States
13.1
16.7
13.6
625
50
72
90
United States
14.2
9.5
13.5
600
24
73
United States
11.4
22.2
13.0
635
32
74
Universite Laval
Canada
12.0
15.8
12.6
643
30
75
70
United States
13.1
9.2
12.5
602
67
76
68
United States
12.5
12.1
12.4
625
26
77
32
United States
13.6
5.2
12.3
704
62
78
64
United States
14.2
1.0
12.2
570
25
79
44
Canada
12.5
10.3
12.2
623
33
80
Canada
13.6
3.3
12.1
615
30
81
United States
11.4
11.5
11.4
575
70
United States
12.0
7.4
11.3
582
21
83
United States
1.5
54.0
9.4
672
30
84
Canada
8.2
14.1
9.1
575
50
85
United States
9.3
6.7
8.9
602
20
82
67
86
37
United States
9.3
5.7
8.8
688
36
87
76
United States
8.2
7.0
8.0
622
18
United States
7.2
11.7
7.9
643
32
88
89
55
United States
7.7
8.2
7.8
590
44
90
82
United States
7.7
3.0
7.0
600
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20
The triumvirate that dominates the top tier of US business schools once again occupies the top
of the North American list this year, with Harvard Business School, Stanford Graduate School of
Business and the University of Pennsylvanias Wharton School in an unprecedented three-way
tie for the No. 1 spot. Last year, Harvard, Stanford and Wharton took the No. 1, 2 and 3 spots,
respectively.
The three schools, along with Northwestern Universitys Kellogg School of Management scored
the highest on employer reputation. They account for four of the six perfect employer scores
worldwide. Harvard, Stanford, and Wharton, along with MITs Sloan School of Management also
achieved the highest score for academic reputation. Those four US schools are the only ones to
achieve perfect academic scores worldwide.
New York Universitys Stern School of Business is the biggest climber in the top 10, moving up 11
spots to No. 10. Also new to the top 10 this year: the Ross School of Business at the University of
Michigan, which advanced four spots to No. 8. Falling out of the top 10 were the Fuqua School of
Business at Duke University, which fell three spots to No. 13, and the Joseph L. Rotman School of
Management at the University of Toronto, which fell six spots to No. 14.
Other big climbers include the McCombs School of Business at the University of Texas, Austin, up
10 spots to No. 19, the Marshall School of Business at the University of Southern California, up 18
spots to No. 23, and the Paul Merage School of Business at the University of California, Irvine, up
18 spots to No. 33.
Since employer scores count for 85% of the final ranking, those scores more or less track the overall
ranking. But academic scores fluctuate broadly. In fact, the bottom half of the list includes 10
schools with academic scores that exceed the regional average (42.5), including the Carlson School
of Management at the University of Minnesota (57.2), Penn States Smeal College of Business (59.5),
and the University of Marylands Robert H. Smith School of Business (62.9).
Among all 90 North American schools on the list, the average GMAT score is 651. Harvard, Stanford,
and Wharton all boast the highest GMAT scores of the group at or above 725 and there appears
to be a fairly close correlation between those scores and the overall ranking.
Every school in the top 10, boasts a 700+ GMAT score, a benchmark reached or surpassed by fewer
than one out of five programs in North America. Among top 15 schools attracting these highcaliber students are the highly-ranked MIT Sloan School, the Stern School at NYU, and the Yale
School of Management; but also the No. 24 Tuck School of Business at Dartmouth (718), No. 25 S.C.
Johnson Graduate School of Management at Cornell (700), No. 37 Darden School of Business at the
University of Virginia (706), and even No. 77 University of Miami School of Business Administration
(704).
A total of 10 schools that were not ranked in 2013 were ranked in 2014, including seven from the US
and three in Canada. The Eller School of Management at the University of Arizona, entering at 66th,
and Universit Laval, at 74th, are the highest-ranked of these programs from the US and Canada,
respectively.
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6.0
Europe
22
2014
Rank
1
2013
Rank
2
Academic
Score
99.9
Overall
Score
100.0
INSEAD
France
100.0
99.6
99.9
702
70
United Kingdom
96.6
99.7
97.1
600
10
85
France
95.8
88.4
94.7
683
90
Italy
86.5
89.0
86.9
600
95
IE Business School
Spain
94.3
43.7
86.7
680
70
Spain
85.3
74.9
83.7
670
92
IMD
Switzerland
88.0
51.9
82.6
676
80
Spain
83.5
54.9
79.2
670
97
10
13
United Kingdom
75.1
99.9
78.8
660
65
11
14
United Kingdom
69.5
88.4
72.3
645
91
12
Denmark
52.2
89.0
57.7
550
80
13
20
United Kingdom
47.1
89.5
53.5
600
84
14
27
United Kingdom
44.4
92.3
51.6
628
95
15
11
Switzerland
45.0
64.9
48.0
656
90
16
29
France
35.2
43.5
36.5
600
68
17
17
United Kingdom
33.6
49.5
36.0
660
80
18
15
Germany
24.6
62.4
30.3
675
83
19
21
Germany
32.4
15.1
29.8
600
94
20
19
Netherlands
17.4
94.5
29.0
600
70
21
12
Ireland
25.8
40.2
28.0
625
47
22
44
United Kingdom
21.9
51.5
26.3
634
70
23
23
Spain
21.9
30.6
23.2
550
84
24
30
United Kingdom
14.7
66.3
22.4
600
94
25
45
France
19.6
28.2
20.9
550
69
26
24
Italy
18.5
29.3
20.1
580
94
27
35
France
19.1
24.9
20.0
646
60
28
49
Switzerland
18.5
21.8
19.0
550
80
29
37
France
14.2
42.8
18.5
580
60
30
33
United Kingdom
15.2
35.0
18.2
640
97
31
42
United Kingdom
12.0
51.8
18.0
640
88
United Kingdom
12.0
44.7
16.9
500
68
Germany
13.1
35.7
16.5
640
72
32
33
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25
Institution
Employer
Score
United Kingdom 100.0
Country
% Internl
97
www.TopMBA.com
2014
Rank
34
2013
Rank
Academic
Score
12.6
Overall
Score
16.3
35
60
United Kingdom
7.7
55.1
14.8
600
10
36
36
75
United Kingdom
15.2
6.4
13.9
600
13
87
United Kingdom
1.5
75.1
12.5
601
91
Institution
Aberdeen Business School, The Robert Gordon University
37
Employer
Score
United Kingdom 16.9
Country
23
% Internl
96
38
51
United Kingdom
4.6
52.9
11.9
600
65
39
31
Ireland
7.2
35.5
11.5
630
90
40
52
United Kingdom
8.2
29.7
11.4
650
84
41
50
France
5.6
43.4
11.3
600
90
42
47
Netherlands
2.5
57.8
10.8
630
48
43
United Kingdom
6.7
33.1
10.7
550
62
44
Finland
1.5
59.0
10.1
580
76
45
France
7.2
20.9
9.3
580
15
IAE Aix Graduate School of Management, Universit Paul Cezanne (Aix-Marseille III)
France
7.2
17.3
8.7
550
53
Denmark
1.5
49.4
8.7
500
40
46
54
47
48
46
United Kingdom
7.2
16.2
8.6
600
40
49
43
Portugal
8.8
6.9
8.5
550
95
50
Spain
4.1
31.1
8.2
500
13
51
Greece
6.1
16.0
7.6
616
50
Greece
8.2
3.6
7.5
600
80
Switzerland
6.1
12.5
7.1
500
100
52
56
53
54
United Kingdom
2.5
30.9
6.8
600
100
55
Netherlands
1.5
35.0
6.5
600
70
56
Netherlands
6.7
5.2
6.5
575
80
57
United Kingdom
3.0
25.3
6.4
500
88
Germany
4.6
16.0
6.3
630
96
59
United Kingdom
5.6
9.7
6.2
575
84
60
Ko University
Turkey
4.6
13.6
6.0
590
87
61
United Kingdom
2.5
25.3
5.9
80
62
United Kingdom
3.0
21.9
5.8
22
63
United Kingdom
2.0
26.7
5.7
600
90
58
53
37
64
26
Belgium
1.5
29.4
5.7
600
40
65
47
Italy
6.1
3.1
5.7
97
Follow us
24
A close battle for first place in Europe ended with London Business School dethroning Frances
INSEAD from the No. 1 spot, a position it has held for more than a decade. With perfect scores
among international MBA employers and near-perfect academic scores, the two have a profile 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. But in the end, it was academic reputation that allowed
LBS to topple INSEAD by the narrowest of margins.
Beyond the top two there has been a shift in the hierarchy this year, with Sad Business School at
Oxford University climbing one spot to third place and HEC Paris leapfrogging numerous rivals
from 10th place to the No. 4 spot. SDA Bocconi School of Management rounds out the top five.
Among the top 10 schools, there was one newcomer: Judge Business School at the University of
Cambridge, which rose three spots to No. 10. Copenhagen Business School, falling three spots to
No. 12, was the only school to drop out of the top 10.
Of the 65 schools on the list, the United Kingdom dominates by far, with 26 schools represented,
followed by France (9), Spain (5), Switzerland (4), Germany (4), the Netherlands (4), Italy (3), Denmark
(2), Ireland (2), Greece (2), Finland (1), Portugal (1), Turkey (1), and Belgium (1).
The methodology change resulted in big swings for many schools, with nine schools gaining more
than 10 spots in some cases far more than that. The University of Strathclyde Business School,
Cass Business School, Business School Lausanne, and Grenoble Graduate School of Business all
gained 20 spots or more.
Unlike North American programs, the GMAT scores at European schools vary widely. Even among
the top 10, they vary from a high of 702 for INSEAD to a low of 600 for Sad Business School and
SDA Bocconi a range of 102 points, compared to a 31-point spread in North America.
In this aspect of the battle for MBA talent, Germany appears to be winning in Europe. German
schools report average GMAT scores of 636, followed by Spain (614), France (610), Netherlands (601),
the UK (600), and Switzerland (595).
But in terms of winners and losers, the UK clearly comes out ahead. Among countries with four or
more ranked schools, Spain and Switzerland have as many schools with gains as losses, Germany
has more losers than winners, while the Netherlands and France have more winners. Neither one
topped the UK though, with 22 schools advancing in the ranking (including nine that were not
ranked last year), and only two retreating.
Follow us
7.0
Asia-Pacific
26
2014
Rank
1
2013
Rank
1
Institution
Country
Singapore
Employer
Score
76.9
Academic
Score
99.6
Overall
Score
80.3
INSEAD - Singapore
12
Singapore
34.1
99.9
44.0
672
97
Hong Kong
18.0
98.0
30.0
669
95
19
Hong Kong
18.0
94.8
29.5
664
86
10
Singapore
18.0
89.2
28.7
650
38
China
17.4
84.9
27.5
550
70
Australia
12.5
97.6
25.3
600
14
India
20.2
48.8
24.5
711
10
67
Australia
12.0
93.6
24.2
630
25
10
20
Korea, South
10.4
85.3
21.6
510
70
11
14
Australia
8.8
93.8
21.6
500
80
12
18
Hong Kong
9.3
90.1
21.4
650
10
13
India
12.0
43.6
16.7
69
14
23
Australia
13.6
30.2
16.1
640
19
15+
17
Australia
3.0
84.9
15.3
600
90
15+
26
China
3.0
84.9
15.3
640
61
17
India
11.4
34.6
14.9
35
18
16
China
4.1
70.7
14.1
650
Australia
1.5
85.2
14.1
10
45
19
% Internl
70
20
21
China
1.5
79.5
13.2
72
21
31
Singapore
4.6
61.8
13.2
652
75
22
15
Australia
11.4
18.1
12.4
39
23
11
China
9.3
27.5
12.0
692
90
24
13
Australia
4.1
54.3
11.6
680
10
70
25
34
Australia
5.6
43.5
11.3
600
73
26
25
Japan
3.5
46.0
9.9
550
60
Australia
1.5
54.4
9.4
610
50
27
28
22
Australia
3.5
42.4
9.3
550
13
29
India
8.2
13.7
9.0
711
70
30
29
Australia
2.5
42.4
8.5
550
15
Follow us
www.TopMBA.com
27
Its no surprise that INSEADs Singapore program retained its grip on the Asia-Pacific title this year.
Its reputation among international MBA employers exceeds that of all other business schools in the
region several times over and its academic reputation is among the very best in the world, giving it
an overall profile not unlike that of some of the top schools in Europe and the United States.
But below the coveted No. 1 spot, this regional ranking underwent dramatic change, with
Singapore solidifying its hold on the top of the list, two Hong Kong schools coming out of nowhere
to establish a formidable foothold in the top five, and India losing three of its four top 10 spots
including those held by IIMs in Bangalore and Calcutta as well as the prestigious Indian School of
Business.
New to the top 10 this year are the No. 3 HKUST Business School, up nine spots from last year,
the No. 4 Faculty of Business and Economics at the University of Hong Kong, up 15 spots, and the
Graduate School of Business at Seoul National University, which jumped 10 spots on the strength
of a powerful academic reputation to take the No. 10 spot.
While Singapore is now firmly ensconced at the top of the list, its Australia that dominates the
list itself, with a total of 12 programs making the cut, including two top 10 programs, Melbourne
Business School and the AGSM MBA program at the University of New South Wales. China is next,
with five programs on the list, followed by Singapore (4), India (4), Hong Kong (3), South Korea (1),
and Japan (1).
GMAT scores in the region average 625, a full 26 points higher than those in Europe, but 26 points
shy of those in North America.
The academic reputation of the Asia-Pacific schools, however, is far better than either 66.4 to
North Americas 42.5 and Europes 44.2 with fewer schools having academic scores below 40 (17%
compared to half of all schools in Europe and North America). Consistent high academic quality
among virtually all schools is one of the defining attributes of the Asia-Pacific market. The highest
academic scores are enjoyed by schools in Hong Kong (94.3), followed by Singapore (87.6), China
(69.5), Australia (61.7), and India (35.2).
Follow us
8.0
Latin America
www.TopMBA.com
2014
Rank
1
2013
Rank
1
Institution
Country
29
Mexico
Employer
Score
14.2
Academic
Score
76.2
Overall
Score
23.5
Chile
12.5
66.8
20.7
500
15
Universidad de Chile
Chile
8.2
55.9
15.4
500
15
15
Mexico
7.2
58.2
14.9
580
85
Chile
5.6
36.5
10.2
610
70
% Internl
10
Costa Rica
7.2
25.9
10.0
550
60
Brazil
1.0
53.3
8.9
550
60
Argentina
4.1
28.2
7.7
651
Chile
6.1
9.9
6.7
550
Mexico
4.1
15.5
5.8
608
9
10
10
A total of 10 Latin American schools earned a place on the Global 200 list this year. Chile dominates the list
with four schools, followed by Mexico with three and Costa Rica, Brazil, and Argentina with one school each.
Mexicos EGADE-Tecnolgico de Monterrey, Campus Monterrey, Latin Americas top school for both employer
recognition and academic reputation, retains the No. 1 spot, followed by Pontificia Universidad Catlica de
Chile, which also occupies the same position as last year.
The top school for GMAT scores was once again Argentinas IAE Business School, Universidad Austral, with
an average score of 651. Four of the 10 schools this year reported average GMAT scores that topped 600
unchanged from last year an impressive achievement in a region where the average score is 573.
Two schools fell out of the ranking this year: Brazils BSPBusiness School Sao Paolo, which ranked third
last year, and Perus ESAN, Escuela de Administracion de Negocios para Graduados, which ranked ninth
while two Chilean schools, unranked last year, joined the group: Universidad Adolfo Ibez at No. 5 and
Universidad Diego Portales at No. 9.
Universidad de Chile was the big gainer, advancing three spots to No. 3, followed by Costa Ricas INCAE
Business School, which moved up two spots to No. 6, and Instituto Tecnolgico Autnomo de Mxico (ITAM),
which moved up one spot to No. 4.
Follow us
9.0
www.TopMBA.com
2014
Rank
1
2013
Rank
Saudi Arabia
Employer
Score
1.5
Academic
Score
29.0
Overall
Score
5.6
Egypt
2.5
15.3
4.4
583
South Africa
1.5
20.3
4.3
580
Lebanon
2.5
4.4
2.8
610
19
University of Witwatersrand
South Africa
1.0
9.2
2.2
500
19
Institution
Country
4
5
31
% Internl
10
23
The battle for dominance in the Middle East & Africa this year was won, and lost, on academic reputation.
Unranked last year, the College of Industrial Management at King Fahd University, with the highest academic
score in the region, took the No. 1 spot from the Graduate School of Business at the University of Cape Town,
which fell to No. 3. The American University of Sharjah in the United Arab Emirates fell out of the ranking
this year.
The American University in Cairo rose two spots to No. 2, while the Suliman S. Olayan School of Business at
the American University of Beirut rose one spot to No. 4.
As a group, the schools in Middle East & Africa are the least international in the world, with the number
of international students ranging from a high of 23% at American University in Cairo to a low of 6% at the
Graduate School of Business at the University of Cape Town. They also lack significant recognition from
international MBA employers.
But on academic reputation some schools in the region, such as King Fahd and Cape Town, enjoy the kind of
profile enjoyed by some lower-ranked schools in the US and Europe.
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