Earlier this month, QS published their Global MBA Rankings 2019 and QS Business Masters Rankings 2019, the latter featuring the top master’s programs in business analytics, finance, management and marketing.
While the full tables contain plenty of information about the top business schools from around the world, there were also lots of insights into the typical class profiles for each subject and how that varies around the world.
To get more information about this, we spoke to QS head of business school analytics Alex Chisholm, and CEO Nunzio Quacquarelli.
What are some of the most interesting things we’ve learned about class profiles this year?
Alex: Well, to compare, the typical business analytics candidate has between one-and-a-half and three years of work experience and the average starting salary post-graduation is around $60,000, slightly higher in the US and slightly lower in the Europe. Starting salaries post-program for management tend to be in the $50-to-60k range and students typically only have between zero and one year of work experience.
Unlike Master’s in Management, there is a bit more of a range in terms of average work experience among finance students, which tends to range between zero and three years. Post-program salaries generally command $50-to-70,000 depending on where in the world you study and work.
MBA students understandably are a bit more experienced. It’s most common for MBA students to have between four and seven years of work experience, which leads to applied conversations in the classroom about real business cases and solutions. It is also a very globally diverse degree in which you will meet people from all over the world and be exposed to new ways of thinking. An MBA can also jump start your career. The average salary increase pre-MBA to post-MBA is more than 70%.
What does the process of compiling these rankings actually involve?
Alex: The 2019 QS Business School rankings sort through the collective insights provided to QS by tens of thousands of global employers and thought leaders. Combined with program specific details from the world’s leading business schools, our rankings offer the largest and most globally representative resource for you to identify potential programs and narrow down your consideration list.
This year we again cover the full-time MBA market and expose breakdowns for six global regions. We also examine the landscape for business master’s programs, a great option for people early in their career looking to differentiate themselves in a competitive labor market. We evaluate Master’s in Management, Master’s in Finance, Master’s in the increasingly popular field of Business Analytics, and Master’s in Marketing which is new in 2019.
What elements of QS methodology stand out?
Nunzio: Our rankings are based on rigorous research. In fact, we’ve been surveying MBA applicants for over 20 years to identify what matters most to them when selecting a business school for MBA or master’s study. We’ve identified that employability, return on investment, academic rigor and thought leadership, entrepreneurial opportunities and a diverse academic classroom are the most important factors. And so those are the factors we’ve used in our business program rankings.
We provide a really unique lens in ranking global business schools. Because of our commitment to identifying the best employment outcomes, we have innovated with a brand-new criteria called Entrepreneurship & Alumni Outcomes. This looks at over 50,000 successful alumni to identify which programs they studied and which have helped them to become partners of consulting firms, directors of Fortune 500 companies, successful entrepreneurs or running NGOs. If those are your career objectives, we believe our business school rankings will have useful insight for you.
Find out more about the best full-time MBA and business master’s programs by checking out the full rankings on TopMBA.com.