Home







Financial Times Global MBA Ranking 2016: Harvard is dethroned

Harvard has finally lost the 6-year consecutive run as the top Business School in the 2016 Financial Times Global MBA ranking. Insead, which has been downgraded by The Economist (#13), is the #1 Business School in FT Ranking, taking over Harvard, which is at #2. The third position is held by London Business School, which lost one position in this year’s Global MBA ranking.

Weighted Salary in Dollars averages out the post-MBA salary over a 3-year period, while adjusting against variations in industry and job function. The metric also takes into consideration Purchasing Power Parity (PPP) to even out salary received across countries based on the purchasing power and exchange rate.

Top #5 MBA Programs based on Weighted Salary (Dollars) are:


1. Stanford Graduate School of Business    ($185,939)    
2. University of Pennsylvania: Wharton    ($177,877)    
3. Indian Institute of Management Ahmedabad ($174,274)
4. Harvard Business School ($172,501)
5. Columbia Business School ($169,866)

Alumni feedback is crucial if you need to gauge the satisfaction score. To a large extent, with an immersive experience like a full-time MBA, loyalty will be formed, but the questionnaire asks the Alumni to list three schools for MBA recruitment.

The class size makes a huge difference. The probability of recruiting a student from the school and the multiplying effect of alumni recommending the MBA program increases with class size. Although there is no direct correlation between Alumni ranking and class size, London Business School deserves special mention for the sheer tenacity to emerge in this ranking when the competitor class size is 5 to 10 times its own.  

The obvious ranking pattern is when the Alumni rank alma matter at #1. The final answer varied and you have a variety of program in the top 10 list.

Top #10 MBA Programs (According to Alumni)

1. Harvard Business School (935)
2. Stanford Graduate School of Business (410)
3. MIT: Sloan (406)
4. University of Pennsylvania: Wharton (859)
5. London Business School (120)
6. Insead (523)
7. Northwestern University: Kellogg (691)
8. Columbia Business School (743)
9. University of Chicago: Booth (583)
10. University of California at Berkeley: Haas (241)

*class size in bracket

Career Service Team


The drive of the incoming class determines the reliance on the career service team. For a Harvard, Stanford or Wharton, the brand pull and the networking capability of the student compensates for the career service team’s ineffectiveness, but for schools outside the top 10 list, the pro-activeness of the team is crucial for attracting the right recruiters.

For career switchers, consider this criterion before choosing your MBA.

Top 10 MBA programs (Most Effective Career Service Team)


*From the Top 100 ranked MBA programs

1. Carnegie Mellon: Tepper    
2. University of Chicago: Booth    
3. Georgia Institute of Technology: Scheller
4. Sungkyunkwan University GSB    
5. Indiana University: Kelley    
6. University of Virginia: Darden    
7. UCLA: Anderson    
8. University of California at Irvine: Merage    
9. New York University: Stern    
10. Cornell University: Johnson    

Bottom 10 MBA Programs (Least Effective Career Service Team)


*From the Top 100 ranked MBA programs (#1 is the least effective)

10. Rotterdam School of Management, Erasmus University
9. Queen's University: Smith    
8. Indian Institute of Management Bangalore    
7. University of Toronto: Rotman    
6. Macquarie Graduate School of Management    
5. University of British Columbia: Sauder    
4. Melbourne Business School    
3. Grenoble Ecole de Management    
2. Durham University Business School    
1. University of Cape Town GSB    

Does FT MBA ranking reflect the market?


It is hard to tell with 43% response rate, but among the top rankings, FT is looked upon as a ranking with a much neutral undertone than say the disruptive ranking published by The Economist. For applicants who want a status quo metric, FT ranking is a good reference point.

See the 2016 Full-time MBA Rankings for the Complete List

Top 20 MBA Programs (According to FT)

Rank in 2016Rank in 2015Full-time MBA Programs
14Insead
21Harvard Business School
32London Business School
43Wharton
54Stanford Graduate School of Business
66Columbia Business School
710University of California at Berkeley: Haas
89University of Chicago: Booth
98MIT Sloan
1013University of Cambridge Judge
1114Northwestern University Kellogg
1212IE Business School
1320IMD
1414HKUST Business School
1516HEC Paris
167Iese Business School
1711Ceibs
1817Yale School of Management
1918New York University: Stern
2024University of Michigan: Ross

Top 31 MBA Programs + Analysis of 24 Industries (United States)


We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).


Pages: 327

Reviews

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

Download How to Choose the Best MBA in US: The Ultimate Guide
(2018 Entering Class)

Top 31 MBA Programs + Analysis of 24 Industries (United States)


We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).


Pages: 327

Reviews

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

Download How to Choose the Best MBA in US: The Ultimate Guide
(2018 Entering Class)

Get F1GMAT's Newsletters (Best in the Industry)
Included in the Newsletter:

  • Ranking Analysis
  • Post-MBA Salary Trends
  • Post-MBA Job Function & Industry Analysis
  • Post-MBA City Review
  • MBA Application Essay Tips
  • School Specific Essay Tips
  • GMAT Preparation Tips
  • MBA Admission Interview Tips
  • School Specific Interview Tips
  • Funding Guidance and
  • Special Consultation Service (only for Subscribers)

Subscribe to F1GMAT's Newsletter