Spain’s IE Business School now has the highest-ranking full-time MBA program in Europe, but the Richard Ivey School of Business in Canada topped the list of MBA programs outside of America, according to the latest MBA rankings, published this week.
Bloomberg Businessweek’s biennial ranking of the best MBA programs saw London Business School claim the top UK spot, followed closely by Cambridge Judge which came sixth after not featuring in 2012’s ranking.
IE came top of the European pile thanks to a high rating by its graduating students, who were polled in a survey used to compile this year’s rankings.
Bloomberg ranks business schools based on three factors: how recruiters rate MBA hires in a survey that accounts for 45% of a school’s score; how graduating MBAs judge their program in a separate survey that makes up an additional 45%; and a tally of faculty research published in journals, which makes up 10%.
Ivey rose six slots to claim first place in the non-US ranking, and was considered the best business school by employers. Some 1,300 recruiters were surveyed by Bloomberg, up from 250 in 2012.
INSEAD, which is placed fifth overall, came first in the ranking of faculty research published in esteemed journals.
European business schools including ESMT of Germany, IESE of Spain, Switzerland’s IMD and Oxford Saïd of the UK dominated the top-10 spots in Bloomberg’s “international” full-time MBA ranking 2014.
But Canadian business schools have gained much ground. In addition to Ivey, Queen's School of Business, Rotman School of Management and Schulich School of Business, all based in Ontario, as well as McGill University in Québec, are ranked in the top-25.
China Europe International Business School is the top Asian institution, excluding INSEAD which has a campus in Singapore.
Melbourne Business School is the highest-ranking Australian school, taking 27th place after not being included in Bloomberg’s 2012 ranking.