Financial Times Global 2010 MBA Rankings
The Financial Times published today its 2010 ranking of global MBA programs. Its ranking attempts to "assess the effect of the MBA on ... subsequent career progression and salary growth." Consequently it draws its data from the schools themselves and from surveys of graduates at least three years after earning their MBA degree. In building its rankings, FT analyzes "alumni salaries and career development; the diversity and international reach of the business school and its MBA programme; and the research capabilities of each school." For complete information on FT's methodology, please see "Getting to Grips with the Method."
The best business schools according to FT:
- London Business School
- University of Pennsylvania: Wharton
- Harvard Business School
- Stanford GSB
- INSEAD
- Columbia Business School
- IE (tied with Columbia)
- MIT Sloan
- Chicago Booth
- Hong Kong UST Business School
I have long argued that far more valuable than the overall rankings are the specialty rankings. Here are FT's specialty rankings:
Top for international business
1 Thunderbird School of Global Management
2 University of South Carolina: Moore
3 Georgetown University: McDonough
4 Insead
5 George Washington University
6 Hult International Business School
7 IMD
8 Manchester Business School
9 University of Southern California: Marshall
10 London Business School
Top for finance
1 University of Chicago: Booth
2 New York University: Stern
3 University of Pennsylvania: Wharton
4 Rice University: Jones
5 University of Rochester: Simon
6 London Business School
7 Columbia Business School
8 Macquarie Graduate School of Management
9 University of Iowa: Tippie
10 University of Toronto: Rotman
Top for accountancy
1 Brigham Young University: Marriott
2 University of Chicago: Booth
3 University of Texas at Austin: McCombs
4 New York University: Stern
5 Macquarie Graduate School of Management
6 University of Rochester: Simon
7 Cornell University: Johnson
8 University of Pennsylvania: Wharton
9 Rice University: Jones
10 Texas A & M University: Mays
Top for entrepreneurship
1 Babson College: Olin
2 Stanford University GSB
3 Imperial College Business School
4 UCLA: Anderson
5 University of California at Berkeley: Haas
6 MIT Sloan School of Management
7 University of Cambridge: Judge
8 IMD
9 Wisconsin School of Business
10 Insead
Top for economics
1 University of Chicago: Booth
2 Cranfield School of Management
3 MIT Sloan School of Management
4 Yale School of Management
5 University of Rochester: Simon
6 Imperial College Business School
7 Melbourne Business School
8 University of Pennsylvania: Wharton
9 IE Business School
10 New York University: Stern
Top for corporate social responsibility
1 University of Notre Dame: Mendoza
2 University of California at Berkeley: Haas
3 Yale School of Management
4 Ipade
5 University of Virginia: Darden
6 Brigham Young University: Marriott
7 Esade Business School
8 University of Michigan: Ross
9 University of North Carolina: Kenan-Flagler
10 Thunderbird School of Global Management
Top for general management
1 University of Virginia: Darden
2 Harvard Business School
3 Ipade
4 Dartmouth College: Tuck
5 IMD
6 University of Michigan: Ross
7 University of Western Ontario: Ivey
8 Northwestern University: Kellogg
9 Stanford University GSB
10 Duke University: Fuqua
Top for marketing
1 Northwestern University: Kellogg
2 Duke University: Fuqua
3 Indiana University: Kelley
4 Ipade
5 Esade Business School
6 Wisconsin School of Business
7 Imperial College Business School
8 University of Michigan: Ross
9 HEC Paris
10 Cornell University: Johnson
Rather than list all my important caveats for using rankings, I'll simply refer you to our MBA Rankings Report.
 By Linda Abraham, President and Founder of Accepted.com.
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Another College and MBA Admissions Round Up
Here are some news tidbits from last week:
- BusinessWeek reported some good news last week regarding the job market, particularly for new college graduates. The National Association of Colleges and Employers reported a turnaround in college hiring. Surveys show that the recent economic recession hit college graduates ages 22 to 27 among the hardest. BW states that this new job market optimism may be a bit premature, but remains hopeful from this year’s graduates.
- Ash Martin, an MBA student at MIT Sloan, writes in BusinessWeek early last week about his experience with the MBA internship. Martin describes the internship as a test: A company evaluates your performance in a particular job. Do you fit with this office’s environment? Can you get the job done? Can you put your MBA skills to good use? Martin explains that your MBA internship should not be something you should fear (like possibly other tests you’ve taken in your life) but one that you enter with confidence—it’s a test, after all, that you should know all the answers to.
- As India’s middle class emerges, so does the growing desire to study abroad at a top college or graduate school program in the U.S. A recent article in The Chronicle explains that international college recruitment is at an all-time high in India. The streets, taxis, and storefronts in New Delhi, according to the article, are plastered with advertisements for test-prep and admissions counseling and promises of securing a solid educational future abroad. Many factors contribute to this increasingly popular trend of attending overseas universities, but one reason remains strictly practical: The Indian universities simply cannot accommodate the number of students who would ideally attend locally. Colleges in Britain and Australia have pursued more active recruitment strategies than the American universities, which in general have little trouble attracting Indian students.
- In an effort to expand its global footprint, the Financial Times reports, Harvard Business School will open its first overseas branch in Shanghai. The new Shanghai facility will open its doors this month for short executive courses and will serve as a base for full-time MBA students involved in international projects.
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