Harvard led the pack, followed by a raft of US business schools which have taken the vast majority of top-25 spots.
Stanford, MIT, Chicago Booth and Wharton claimed the top-five, the latter climbing from 12th last year to third place in 2014. Booth has risen from 25th to fifth place in the same period of time.
But there are notable gains for international schools outside of the US. The London School of Economics, Oxford and INSEAD are all placed in the top-15, while HEC Paris is included in the ranking after missing out last year.
The rankings provide valuable insight for MBA students in some of the most popular sectors, and reveal which schools potential recruiters see as the best.
Survey respondents, all of whom hire or have hired MBAs, came primarily from finance and technology, making up 38% and 19% of the respondent pool respectively. A further 13% come from the consulting industry.
More than 30% of respondents said an MBA hire in their industry was “very important”, while 20% said that an MBA was “extremely important”. Only 5% said that hiring an MBA was not important.
Many of the respondents also had MBA or comparable business degrees – nearly 60%. Some 37% of the MBAs also said that a network of contacts was the most valuable business school asset.
The fifth annual list of the World's Best Business Schools asked survey participants to rate the reputation of the graduates from top business schools on a scale of poor to excellent (1 to 5). Data was filtered to get a geographical balance.
Several new schools made it into the ranking, including Hong Kong’s CUHK Business School and HKUST Business School, and the Indian Institute of Management, reflecting the growing prominence of Asian business schools.
Canada’s Rotman School of Management, and European schools IE Business School and ESADE Business School also made the top-50.
To see the full rankings list, visit: http://www.businessinsider.com/top-25-business-schools-in-the-world-2014-7
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