The 2014-15 Economist Full-time MBA ranking has been released. When Harvard, Stanford, and Wharton are leading in other ranking publications, and Chicago Booth ranks #1 for the 3rd consecutive year, you expect some kind of name-calling, and it happened this year too.
As explained in our review of the ranking methodology used by The Economist, the ranking is based on four factors: Career Opportunities (35%), personal development/educational experience (35%), increase in salary (20%) and potential to network (10%).
Tuck has retained the 2nd position, but Haas has lost its 3rd position to Darden, which emerged from 4th place. A surprise entry in the top 5 ranking is from the European powerhouse – HEC Paris, which took 4th position for the first time. Signs of a European resurgence was visible last year when HEC jumped from 14th to 8th rank, but an even a mightier jump to 4th position was unexpected. Perhaps the focus on leadership development and the five specializations had opened up career opportunities for the MBA students. Another European school – IESE, Spain has entered the top 5 ranking, featured at #5 in the Full-time MBA rankings. Interestingly, we had ranked IESE in #1 position for the Top 20 European MBA programs (based on cost and post-MBA Salary)
Even if top US MBA programs are not featured in the top 5 ranking, 8 of the 10 Top 10 MBA programs are American. The two Asian Schools to feature in the top 50 list are Hong Kong University of Faculty of Business and Economics and Indian Institute of Management Ahmedabad, both losing positions from 14th to 27th, and 39th to 48th position respectively.
Queensland University of Business School remains the only Australian Business School to feature in the top 20 MBA programs, even though it has lost its ranking by two positions to feature at #16. Unlike last year, when European programs were dominating the 40th to 50th positions, European MBA programs have improved its ranking this year, sporadically featuring in the 10-20, 20-30 and 30-40 list, even overtaking some of the strong US programs.
York University – Schulich School of Business is the only Canadian school to feature in the top 50 list.
Here are the top 25 Full-time MBA programs according to The Economist Full-time MBA Ranking 2014-15:
|Rank||Previous Rank||Full-time MBA Programs|
|1||1||Chicago Booth School of Business|
|2||2||Tuck School of Business|
|3||4||Darden Graduate School of Business Administration|
|4||8||HEC School of Management, Paris|
|5||5||IESE Business School|
|6||6||Harvard Business School|
|7||3||Haas School of Business|
|8||7||NYU Stern School of Business|
|9||9||Stanford Graduate School of Business|
|10||10||Columbia Business School|
|11||15||Pennsylvania, University of Wharton School|
|12||12||MIT Sloan School of Management|
|13||18||UCLA Anderson School of Management|
|14||23||Kellogg School of Management|
|15||11||London Business School|
|16||14||Queensland, University of Business School|
|17||19||Emory Goizueta Business School|
|22||21||The Tepper School of Business|
|23||17||Cornell Johnson Graduate School of Management|