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
21Harvard Business School
32London Business School
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
1414HKUST Business School
1516HEC Paris
167Iese Business School
1817Yale School of Management
1918New York University: Stern
2024University of Michigan: Ross

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+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method 
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Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour

Comprehensive MBA Research Guide:
Top MBA Programs by 19 Specializations:
+ General Management
+ Finance
+ Consulting
+ Marketing
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+ Wine
+ Sports
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+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee (2018)    
Top 31 MBA Programs in United States – Total Cost & Salary (2017)    

Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary    
Top 20 European MBA Programs (Based on Actual Salary Increase)    
Top 20 European MBA Programs (Short-term return on investment)    
Top 20 Affordable European MBA Programs    
Top 10 MBA in UK – Salary & Fee (2018)  
Top MBA Destinations Based on Happiness Index    
Top MBA Destinations based on Innovation Index    
Top 10 MBA Job Markets based on Cost of living and Purchasing Power    
Top MBA Destination: By Economy    

+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA (2018)  
MIT vs. Stanford MBA   (2017)
Haas vs. Ross MBA    
Kellogg vs Ross MBA    
Booth vs Wharton MBA    
MIT Sloan vs Tuck MBA    
IIMA vs. ISB   

Harvard vs. Stanford MBA (2017)

+ MBA in France (2018)
Top Industries in France   
Top MBA Programs in France  

  Class Profile   
  Post-MBA Salary

Scholarships in France
External Funding 

+ MBA in the UK (2018)
Top Industries in the UK   
Top MBA Programs in the UK

  Class Profile   
  Post-MBA Salary

Scholarships in the UK
External Funding 

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