Executive MBA programs run jointly by multiple business schools have topped the latest MBA rankings, released this week, reflecting the globalization of business education and an increasingly globally mobile pool of applicants.
The 2014 ranking of the top 100 programs for senior executives is headed by Trium – a collaboration between HEC Paris of France, NYU: Stern of the US and the London School of Economics, based in the UK.
Trium leapt three places to claim the top spot, the first time in six years that a new EMBA program has unseated the Kellogg-HKUST EMBA, run by business schools of China and the US.
The intercontinental Trium Global EMBA was pushed up by its high ranking for its alumni’s pre-program work experience. Alumni of the program also earn $307,000 in salary three years after graduating – the second-highest in the world.
The Financial Times Executive MBA Program Rankings is based on surveys of business schools and alumni who graduated in 2011. Salary three years after graduation and salary increase are the main criteria, each accounting for 20% of the ranking’s weight.
The ranking includes schools from 26 countries, including 35 in the US and 10 in the UK.
The top-five spots are dominated by EMBA programs run by more than one business school, often of different countries.
While MBA rankings are usually dominated by one world region, the executive rankings show that schools are adapting to the globalization of the education market, and applicants who won’t settle for study in a singular country.
The Trium cohort of 85 students, for example, studies two modules in emerging markets as well as courses in London, New York and Paris.
However, the Fuqua School of Business is ranked first for international experience. Based in North Carolina, the Duke MBA – Global Executive, ranked 19th, sees students earn 73% of the program’s credits outside of the US.
The rankings also show that the face of executive education is changing. EMBAs are traditionally tailored to corporate workers, but the FT’s data show that 31% of graduates have either set-up or are about to set-up their own companies. Nearly 80% relied on savings or friends and family to fund their ventures.
However a fifth are now chief executives, managing directors or board members three years after finishing their EMBAs.
Average salaries have increased by 52% from $114,000 to $175,000 five years after graduation.
The Kellogg-HKUST EMBA graduates executives into the highest overall salaries of more than $400,000. However, the UK’s Warwick EMBA program has the largest salary growth – 94%.
There are four new entrants to the program. France's Grenoble Business School and Cambridge Judge Business School of the UK are included for the first time.
The Sabanci University School of Management of Turkey makes a debut at 99th place, and Brazil’s Coppead enters the ranking at 100th place, the latter reflecting the emergence of Latin American business schools.
Nine programs from China are included in this year’s ranking, including CEIBS’ Global EMBA. Renmin, the Beijing university business school, is the highest riser in 2014, climbing 18 places to 43rd.
The BI/Fudan program, a collaboration between Norway and China, has the highest percentage of female EMBA students – 59%.
Wharton is ranked highest for research, and is ranked sixth overall. The US-based business school has moved away from its finance roots to produce research that is data-driven, in fields including marketing and operations.