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FT Global MBA Ranking 2015: Who will Beat Harvard?

FT MBA RankingHarvard is the school to beat in the Financial Times Global Business School Rankings for 2015. The School has taken the top spot for the sixth consecutive year, beating the rivals Wharton, Stanford, and London Business School. Stanford has dropped two places from 2014 rankings to rank at 4th while Wharton has sneaked in one position to rank at 3rd. London Business School also did the same trick by ranking at #2. Insead is tied at #4 with Stanford. ESMT and Duke Fuqua: the big surprise winner in BusinessWeek MBA ranking is featured at 63rd and 21st positions respectively.

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

1) Harvard Business School - $179910 (96% Salary Increase)
2) Stanford Graduate School of Business - $177089 (80% Salary Increase)
3) University of Pennsylvania: Wharton - $171543 ( 90% Salary Increase)
4) Columbia Business School - $169252 (106% Salary Increase)
5) Indian Institute of Management, Ahmedabad – 167676 (88% Salary Increase)

Weighted Salary in Dollars is not the immediate post-MBA Salary. It is the three-year average salary after graduation, adjusted for salary variations across industries and job functions. FT MBA ranking also featured top MBA programs according to Alumni feedback. The Alumni were asked to shortlist three schools from which they would recruit fresh MBAs.

Top #10 MBA Programs (According to Alumni)


1) Harvard
2) Stanford
3) Wharton
4) Columbia
5) IIM Ahmedabad
6) Chicago Booth
7) Kellogg
8) MIT Sloan
9) Haas
10) Insead

Another category in FT MBA ranking is the ranking based on career advancement (Change in Seniority Level and Company Size Post-MBA compared to Pre-MBA position). Although change in Company Size as a criteria is flawed, change in seniority level is a valid way to look at career advancement.

Top #10 MBA Programs (According to Career Advancement)


1) Harvard
2) Stanford
3) Wharton
4) Columbia
5) IIM Ahmedabad
6) Chicago Booth
7) Kellogg
8) MIT Sloan
9) Haas
10) Insead

Interestingly, Alumni’s Top 10 MBA rating is the same as the Top 10 MBA programs according to career advancement.

Effectiveness of Career Service is a criteria that MBA aspirants should consider. When we sorted the ranking according to the Effectiveness of Career Service team as rated by Alumni, the top 10 MBA programs featured an interesting mix.

Top 10 MBA Programs (Most Effective Career Service Team)

1) University of Chicago: Booth
2) Sungkyunkwan University GSB
3) Carnegie Mellon: Tepper
4) IMD
5) University of Virginia: Darden
6) Indiana University: Kelley
7) Northwestern University: Kellogg
8) Michigan State University: Broad
9) Georgia Institute of Technology: Scheller
10) University of California at Berkeley: Haas

Will there be any biases? Of course. The ranking is based on Alumni feedback. The loyal Alumni base will rate their MBA programs favorably, and if the class selected were from a relatively lesser ambitious group, the post-MBA offers would influence their rating. The same offers might not excite a Harvard or a Stanford MBA.

Career Service team cannot guarantee a job, and for bigger brands their effectiveness is not a major criterion. A brand name like ‘Harvard’ or ‘Stanford’ when associated with your profile will open several doors for you without the need for diligent followup. But if you are selecting second tier schools, and looking at post-MBA jobs in the host countries, understanding the least performing MBA programs according to career service team will save you thousands of dollars. Switching careers depends on the support of the career service team and their ability to convince the Employer to consider your profile. After all, if the Employer is not convinced about the value of the MBA from the school’s aggressive posturing, your effort to push for a career switch won’t find any takers. If you are a career switcher looking for post-MBA jobs in the host country, the below ranking should help you.

Bottom 10 MBA Programs (Least Effective Career Service Team)

*From the Top 100 ranked MBA programs

1) Tias Business School
2) Melbourne Business School
3) Queen's School of Business
4) University of Cape Town GSB
5) The Lisbon MBA
6) University of Toronto: Rotman
7) Rotterdam School of Management, Erasmus University
8) University of Alberta
9) Vlerick Business School
10) Macquarie Graduate School of Management

Normally, we have seen Business School rankings published with just 20-25% response rate but 2015 FT Global MBA ranking had a 40% Alumni response rate.

For those MBA aspirants who need help in choosing MBA programs with the best value for money, FT has ranked the program based on Salary today, Fees, Course Length, Extraneous costs, and Lost Income during the MBA program. We have listed the post-MBA weighted salary along with the Best 'Value for Money' MBA programs.

Top 10 MBA Programs (Value for Money)


1) University of Cape Town GSB:    $144744    
2) HKUST Business School:$132416    
3) The Lisbon MBA: $122334    
4) ESMT - European School of Management and Technology: $99822    
5) University of Cambridge: Judge:$146664    
6) Vlerick Business School: $100809    
7) IMD: $148148    
8) Mannheim Business School: $106106    
9) University College Dublin: Smurfit: $108154    
10) Macquarie Graduate School of Management:$120485    

When we had a chat with a disgruntled Alumnus, the objection, he raised was about the quality of the faculty. Majority of the faculty in the program was from the host country with poor English-speaking skills. If you are looking for an International MBA, the percentage of International Faculty will hedge the risk against learning about Management in one dimension. A US, French, Italian, Chinese, or UK Centric MBA will not give great returns if the conversation is all about doing Business in one region. With economies interconnected as never before, the diversity of the faculty will expose MBA students to different worlds and the unique problems defined from the faculty’s perspective.

For aspiring International MBAs, consider the ranking list below with the percentage international faculty in brackets.

1) IMD(96)
2) Insead(90)
3) Imperial College Business School(90)
4) London Business School(85)
5) University of British Columbia: Sauder(79)
6) University of St Gallen(77)
7) ESMT - European School of Management and Technology(77)
8) Warwick Business School(76)
9) University of Toronto: Rotman(75)
10) McGill University: Desautels(72)

Read: Complete FT Global MBA Ranking 2015

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)

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