The 2022 FT Global MBA rankings mark the return of seven leading schools (MIT Sloan School of Management, Stanford Graduate School of Business, Columbia Business School, Harvard Business School, University of Pennsylvania Wharton Business School, Haas School of Business, and UCLA Anderson School of Management) missing in 2021. Out of the 151 schools invited (jump from 143), Wharton resumed its lead in the rankings, followed by Columbia. INSEAD dropped from the #1 spot and returned to the third position tied with Harvard. Kellogg was in fifth place.
In this analysis we cover:
- FT - Ranking Methodology (2022)
- Top 10 MBA Ranking (Increase in Salary)
- Top 10 MBA Ranking (Career Aims Achieved)
FT - Ranking Methodology (2022)
The 2022 ranking methodology marks the entry of ESG factors with a 3% weightage, replacing corporate social responsibility. Salary-related factors still contribute to 40% of the weightage, reiterating FT’s focus on return on investment.
FT research rank – the second-highest ranking factor, which has the same weightage as last year, calculates the number of journal articles published in proportion to the size of the faculty for a particular school.
International mobility was the fourth largest ranking factor that considers the locations of alumni pre-MBA and post-MBA. International faculty and international students in fifth place had the same weightage.
Alumni responses contribute to eight factors, weighing 61% of the ranking. The results of COVID will be strikingly evident in the rankings from the next year as salary increases are calculated as a weighted average over a period of three years.
| Ranking Factors | Weightage |
|---|---|
| Weighted Salary | 20 |
| Salary increase | 20 |
| FT research rank | 10 |
| International mobility | 6 |
| Faculty with doctorates | 5 |
| International faculty | 4 |
| International students | 4 |
| Value for Money | 3 |
| Career progress | 3 |
| Aims achieved | 3 |
| Careers Service | 3 |
| International course experience | 3 |
| ESG rank | 3 |
| Employed at 3 months | 2 |
| Alumni recommendations | 2 |
| Female faculty | 2 |
| Female students | 2 |
| International board | 2 |
| Women on board | 1 |
| Extra languages | 1 |
Top 10 MBA Ranking (Increase in Salary)
Only half of the schools in the top 10 are US-based.
The top three places are taken by schools present in the emerging economies of India, China, and Mexico.
Compared to the previous year, Fudan University School of Management dropped 7 percent and took second place. Indian School of Business gained 11 percent to top the list. Simon Business School tops the list for a US-based school in fourth place, followed by Rutgers Business School in fifth place. Fisher and Shanghai Jiao Tong University: Antai was tied in sixth place.
National University of Singapore Business School, in eighth place, demonstrated the highest growth of salaries.
Tongji University School of Economics and Management and CEIBS (highest ranked school in Asia) from China took seventh and ninth place, respectively. IIM Bangalore was also ranked ninth with the tenth place a tie between Marriot and Mendoza.
| Rank | School Name | % Salary Increase | Weighted Salary |
|---|---|---|---|
| 1 | Indian School of Business | 184 | $158,749 |
| 2 | Fudan University School of Management | 183 | $136,709 |
| 3 | Ipade Business School | 171 | $106,195 |
| 4 | University of Rochester: Simon Business School | 169 | $142,192 |
| 5 | Rutgers Business School | 166 | $129,570 |
| 6 | Ohio State University: Fisher | 160 | $145,450 |
| 6 | Shanghai Jiao Tong University: Antai | 160 | $133,960 |
| 7 | Tongji University School of Economics and Management | 151 | $145,204 |
| 8 | National University of Singapore Business School | 149 | $159,877 |
| 9 | Ceibs | 147 | $174,890 |
| 9 | Indian Institute of Management Bangalore | 147 | $161,013 |
| 10 | University of Notre Dame: Mendoza | 145 | $139,146 |
| 10 | Brigham Young University: Marriott | 145 | $138,252 |
Top 10 MBA Ranking (Career Aims Achieved)
The career aims achieved are calculated based on changes in location, job function, and industry with the increase in salary assumed with the change.
The pandemic has induced an accelerated shift of jobs towards healthcare and technology-based roles. The data captured is based on alumni profiles pre-pandemic and might not capture the intention behind the transition.
More than half of the 94 schools in the rankings by career aims achieved feature US schools – indicating brand association with top schools, access to alumni, and change in location, industry, and function as equally important goals as the increase in salary.
Stanford leads in the career aims achieved due to the $200,000+ base salary in leading functions and strong brand recall among global recruiters.
| Rank | School Name | % Aims Achieved | Weighted Salary |
|---|---|---|---|
| 1 | Stanford Graduate School of Business | 93 | $218,805 |
| 2 | London Business School | 91 | $174,106 |
| 2 | MIT: Sloan | 91 | $193,297 |
| 2 | New York University: Stern | 91 | $192,188 |
| 2 | Dartmouth College: Tuck | 91 | $188,784 |
| 2 | University of Michigan: Ross | 91 | $177,803 |
| 2 | University of Washington: Foster | 91 | $156,715 |
| 2 | University of Florida: Warrington | 91 | $134,850 |
| 2 | Rice University: Jones | 91 | $161,279 |
| 2 | Pennsylvania State University: Smeal | 91 | $135,237 |
| 3 | University of Pennsylvania: Wharton | 90 | $237,530 |
| 3 | Columbia Business School | 90 | $218,542 |
| 3 | Northwestern University, Kellogg School of Management | 90 | $201,455 |
| 3 | Yale School of Management | 90 | $190,941 |
| 3 | Iese Business School | 90 | $163,780 |
| 3 | University of California at Berkeley: Haas | 90 | $207,853 |
| 3 | Duke University's Fuqua School of Business | 90 | $182,777 |
| 3 | University of Virginia: Darden | 90 | $182,174 |
| 3 | University of Cambridge: Judge | 90 | $165,667 |
| 3 | University of Southern California: Marshall | 90 | $179,095 |
| 3 | UCLA Anderson School of Management | 90 | $173,473 |
| 3 | Georgetown University: McDonough | 90 | $170,886 |
| 3 | Vanderbilt University: Owen | 90 | $157,525 |
| 3 | University of Texas at Austin: McCombs | 90 | $162,682 |
| 3 | WHU – Otto Beisheim School of Management | 90 | $117,488 |
| 3 | Boston College: Carroll | 90 | $141,300 |
| 4 | Insead | 89 | $186,784 |
| 4 | University of Chicago: Booth | 89 | $199,046 |
| 4 | HEC Paris | 89 | $165,558 |
| 4 | Cornell University: Johnson | 89 | $181,821 |
| 4 | Carnegie Mellon: Tepper | 89 | $178,194 |
| 4 | IMD Business School | 89 | $164,192 |
| 4 | University of Oxford: Saïd | 89 | $150,226 |
| 4 | Imperial College Business School | 89 | $138,865 |
| 4 | HKUST Business School | 89 | $146,246 |
| 4 | University of North Carolina: Kenan-Flagler | 89 | $155,407 |
| 4 | Arizona State University: WP Carey | 89 | $130,104 |
| 4 | Wisconsin School of Business | 89 | $135,015 |
| 4 | ESMT Berlin | 89 | $118,110 |
| 4 | Queen's University: Smith | 89 | $103,126 |
| 5 | Ohio State University: Fisher | 88 | $145,450 |
| 5 | University of California at Irvine: Merage | 88 | $142,261 |
| 5 | University of Notre Dame: Mendoza | 88 | $139,146 |
| 5 | Indiana University: Kelley | 88 | $138,951 |
| 5 | Mannheim Business School | 88 | $129,606 |
| 5 | University of St Gallen | 88 | $133,749 |
| 5 | University of Toronto: Rotman | 88 | $107,823 |
| 5 | University of Georgia: Terry | 88 | $126,358 |
| 5 | Brigham Young University: Marriott | 88 | $138,252 |
| 5 | University of Maryland: Smith | 88 | $136,250 |
| 5 | Texas A & M University: Mays | 88 | $125,362 |
| 6 | National University of Singapore Business School | 87 | $159,877 |
| 6 | Washington University: Olin | 87 | $144,234 |
| 6 | Fudan University School of Management | 87 | $136,709 |
| 6 | Esade Business School | 87 | $136,175 |
| 6 | Alliance Manchester Business School | 87 | $128,529 |
| 6 | Emory University: Goizueta | 87 | $155,586 |
| 6 | University of Rochester: Simon Business School | 87 | $142,192 |
| 6 | Singapore Management University: Lee Kong Chian | 87 | $121,907 |
| 6 | Boston University Questrom School of Business | 87 | $132,774 |
| 6 | Babson College: Olin | 87 | $147,594 |
| 6 | Indian Institute of Management Calcutta | 87 | $163,687 |
| 6 | George Washington University | 87 | $131,451 |
| 6 | Rutgers Business School | 87 | $129,570 |
| 6 | Edhec Business School | 87 | $120,110 |
| 6 | University of Texas at Dallas: Jindal | 87 | $120,347 |
| 6 | McGill University: Desautels | 87 | $99,002 |
| 7 | SDA Bocconi School of Management | 86 | $174,967 |
| 7 | CUHK Business School | 86 | $127,903 |
| 7 | University of Minnesota: Carlson | 86 | $133,153 |
| 7 | Rotterdam School of Management, Erasmus University | 86 | $112,881 |
| 7 | EMLyon Business School | 86 | $99,987 |
| 7 | Politecnico di Milano School of Management | 86 | $94,642 |
| 7 | Miami Herbert Business School | 86 | $120,750 |
| 7 | Melbourne Business School | 86 | $101,220 |
| 8 | Ceibs | 85 | $174,890 |
| 8 | Indian School of Business | 85 | $158,749 |
| 8 | Nanyang Business School, NTU Singapore | 85 | $133,948 |
| 8 | Indian Institute of Management Bangalore | 85 | $161,013 |
| 8 | Warwick Business School | 85 | $129,191 |
| 8 | Sungkyunkwan University GSB | 85 | $135,730 |
| 8 | Lancaster University Management School | 85 | $110,094 |
| 9 | HKU Business School | 84 | $129,149 |
| 9 | Essec Business School | 84 | $117,754 |
| 9 | City, University of London: Bayes (formerly Cass) | 84 | $132,782 |
| 9 | University of Pittsburgh: Katz | 84 | $127,683 |
| 9 | William & Mary: Mason | 84 | $121,356 |
| 9 | AGSM at UNSW Business School | 84 | $107,185 |
| 9 | Ipade Business School | 84 | $106,195 |
| 10 | Peking University: Guanghua | 83 | $156,488 |
| 10 | ESCP Business School | 83 | $118,273 |
Expect Skewed Results – Next Year
The FT rankings are largely based on a return on investment. Since the alumni experience captured is based on the past three years, the absence of the seven US leading schools in the past two years will heavily skew the outcome of the rankings in favor of leading European, and 10-20 ranked US schools.
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