Management Consulting – the most popular post-MBA industry, is poised to be worth $330 billion in 2023 and, by 2025, reach closer to the $350B mark. While applicants tend to prioritize US schools for their excellent post-MBA placements in the industry, the UK experienced the biggest growth, with an 8% increase to reach £6.79 billion.
The US maintained its dominance as the industry grew at 7.7% to reach $55B.
Columbia Business School topped the Financial Times Global MBA ranking for the first time in 25 years of the publication’s ranking history. The Wharton School, which gained top honors last year, vanished from the 2023 ranking, which was the biggest surprise.
Yale School of Management was established in 1994, although it began offering its first educational program in the 1950s. In its first iteration, the management program started as a Master’s in public and private management in the 1970s before converting into the modern-day MBA in 1999 with its unique multi-disciplinary approach.
In this in-depth analysis of Yale MBA, we cover:
Q) What are some of the parameters that an MBA Candidate has to evaluate before shortlisting their top 5 Business Schools?
The 15 to 19-month IESE MBA program is a Top European MBA program known for its case study method and excellent placement in the consulting industry.
In this in-depth analysis of IESE MBA, we cover:
Wharton’s strength in Finance was intact with Investment Banking and the Private Equity industries attracting 24% of the hires while 29% of the post-MBA job function was also in the Finance specialization.
In this in-depth analysis of the Wharton MBA Employment trends and Salary for the 2021 Graduating Class, we cover:
When PE/VC dominates the post-MBA job offers at Stanford, Harvard stands out for its 8% representation in Hedge Fund/Investment Management with Finance clearly the school’s strength while Consulting remaining at 2nd place and Technology attracting more offers with the increase in base salary.
Stanford MBA program has slowly pivoted from a program known for placements to a General Management function to a vehicle for Private Equity and Venture Capital placements. The 2021 placements trends confirm PE and VC industries’ influence as the two industries significantly contributed towards taking the total median salary to $200,000 – a new milestone that peer schools are trying to reach.
For the 2022-23 rankings, 117 MBA programs and 18,500 surveys from students, alumni, and recruiters, as well as compensation and employment data from each school, were accounted for in the ranking.
In the US, Stanford was #1 for compensation, networking, and entrepreneurship. Chicago Booth and Harvard jointly shared second place. Kellogg and Tuck took fourth and fifth places, respectively.
Exceptional women applicants with leadership potential targeting Oxford Said School of Business, London Business School, and Columbia Business School MBA programs should consider the Laidlaw Scholarships.
On September 7th 2022, New York University Stern School of Business announced a $20 million gift to the school from alumnus and Stern Executive Board member Charles C.Y. Chen (MBA '91). The gift, named after the donor’s father, will establish and endow a real estate finance institute.
Fintech, a word, first adopted by the Financial Technology Monitor in 2003 to describe the performance of tech-enabled Finance companies, had its origins in 1866 with the transatlantic cable. The interconnectivity facilitated transmission of sensitive political and business data through secured lines. It was not until 1957 with Amex Cards that the first charge card came to existence offering millions to leverage their income.
Harvard at #1, Wharton #2, and Kellogg at #3 marked the return of M7 schools to The Economist’s 2022 rankings. The clean sweep of American schools - 90% of the top 10 spots with just HEC Paris – the only European School at #7 should be considered with one big caveat.
If you have missed the first two parts of the series, Read Booth vs Wharton MBA: Location, Ranking, Cost & Class Profile
In the second part of the Booth vs Wharton MBA Series, we cover Experiential Learning and International Learning Opportunities. Read the first part - Booth vs Wharton MBA: Location, Ranking, Cost & Class Profile
5. Curriculum
Chicago Booth and Wharton offer world-class MBA programs. The top-ranking programs - one known as a Finance school and the other as a Consulting powerhouse are tough to compare with just the post-MBA salary or cost.
Atul Jose (MBA Admissions Consultant, F1GMAT): Tuck School has an interesting application quirk.
IMD 1-year Master of Business Administration degree at Lausanne, Switzerland, is designed for developing reflective and responsible leadership skills in an entrepreneurial and global business environment.
In this in-depth analysis of IMD 1-year Full-time MBA program, we cover:
The Paul and Daisy Soros Fellowships for New Americans is a $90,000 merit-based fellowship for immigrants and children of immigrants studying graduate education in the United States. The program receives over 1,800 applications each year out of which 30 fellowships are offered.
Smeal Full-time MBA is among the top 5 schools for faculty quality and salary increase. With a 97% placement rate in three months, a mean base salary of $114,008, and a mean sign-on bonus of $26,179, Smeal MBA is an alternative to European top tier schools that offers a similar remuneration.
Kelley School of Business offers one of the most economical top-ranked MBA programs in the United States with a $120,000 base salary (2021-22). The low living cost in Bloomington, Indiana, and an impressive placement record (94.8% receiving jobs within 90 days) provide a viable alternative to the top 20 MBA programs in the world.
Tuck MBA leads all US MBA programs for placements in Consulting (39% by function) and Healthcare/Biotech/Pharma (13% by Industry). The program’s graduates also secured the highest total salary in CPG/Retail at $150,000.