United States-based business schools topped the latest MBA rankings for the fourth consecutive year, but European schools including HEC Paris of France have gained ground and have risen to the top-five with impressive salary statistics.
The University of Chicago’s Booth School of Business has been crowned the world’s best business school for the fourth time in five years in the latest league table, published by The Economist. The school, renowned for its links to the financial services sector, graduated 94% of last year’s MBA cohort into jobs within three months.
Other US business schools dominate the top-25 list, including business schools Tuck, Darden and Harvard, which claimed second, third and sixth places respectively.
But HEC Paris, Europe’s new highest-ranking business school, rose from eighth to fourth in this year’s rankings, buoyed by the high salaries of its MBAs – about $124,000.
IESE Business School remained in fifth spot with high employment figures. The Spanish school sees 96% of its MBAs employed within three months of graduating.
London Business School is the highest-ranking UK school, but has fallen four places to fifteenth in 2014’s rankings.
Australia’s University of Queensland is the top-ranked school outside of the US and Europe. The business school, which is ranked sixteenth in the world, has the highest salaries of the top-25-ranked MBA programs – about $149,000.
The Economist’s rankings rate the world’s top-100 schools based on four categories: opening new career opportunities; personal development/education experience; salary increase; and the potential to network.
INSEAD of France, IMD of Switzerland and Spain’s ESADE Business School are the only other European schools to make the top-25.
In the UK, LBS is followed closely by Henley Business School and the University of Bath – School of Management, while Cranfield School of Management and London’s Cass Business School are also in the top-75.
In Asia, the University of Hong Kong claimed the region’s top-spot, while CEIBS of China is also highly-ranked.
The emerging business school destinations of Australia and Canada are also prominently featured in this year’s rankings. Both countries boast three highly-ranked schools each, including Melbourne Business School, which is in the world’s top-50.
However, America’s dominance continues – fifteen of the top-20 schools are in the US.
To see the full rankings table, visit: http://www.economist.com/whichmba/full-time-mba-ranking