FT Global MBA Ranking 2022: US business schools dominate
High salaries for American MBA graduates helped US business schools to the top places in the FT’s 2022 ranking after a year that brought strong demand for the degree amid the disruption of the pandemic.
Wharton and Columbia came first and second, respectively, ahead of Harvard, Northwestern: Kellogg, Stanford, Chicago: Booth, Yale, MIT, NYU: Stern and Berkeley: Haas — which were all among 16 schools in the top tier of the 100 ranked institutions.
Insead, in France and Singapore, came third. Others in the top tier include London Business School, Iese in Barcelona, HEC Paris, SDA Bocconi in Milan and China Europe International Business School (Ceibs) in Shanghai.
While many business schools were squeezed by a fall in non-diploma executive education during the pandemic, MBAs held up well. “We beat our expectations on intake,” says Francois Ortalo-Magné, dean of London Business School. “Demand has been very strong for our full-time programmes.”
Among the 81 schools ranked in each of the past three years, the total MBA intake rose to 14,566 in 2021, up from 14,168 in 2019 and signalling a recovery after a dip to 13,534 in 2020. Average alumni salaries rose over the period (2019-21) from $130,875 to $141,949, without adjusting for inflation and exchange rates.
A survey last year by the Graduate Management Admission Council showed that 37 per cent of recruiters expected MBA hiring to increase over the next five years, compared with 30 per cent of those who responded in 2020. A separate survey showed that a majority of FT-ranked business schools reported a rise in international students, notably from India, offsetting a decline in domestic candidates.
The FT rankings are based on data provided by participating schools and alumni, with significant weightings given to salary and salary increase three years after completion, as well as factors including academic research output, and student and faculty diversity measured by gender mix and citizenship.
This story originally appeared on: Financial Times - Author:Andrew Jack
