The UK and France are the powerhouses of European business education, according to new rankings released by the Financial Times.
In a ranking which collated data of European business schools’ full-time MBA, executive MBA, masters in management and executive education courses, nearly 50% of the best European schools listed are from either the UK (20) or France (19).
The US has traditionally come out on top in the list of global programs – but there are signs that some European regions are becoming clusters of MBA and other management programs which can rival North America.
London Business School topped the FT’s rankings, leapfrogging Spain’s IE Business School and HEC Paris of France due to the strength of its breath of postgraduate programs. Significantly, the London school’s full-time MBA is also ranked first in Europe when isolated from other courses.
LBS has been propelled to the top spot because all of its programs scored highly for the extent to which its alumni achieved their career goals.
Across all European schools, the average salary of alumni three years after graduation ranges from $143,000 for EMBA graduates to $123,000 for full-time MBA alumni. French MBAs and Swiss EMBAs have the biggest pay checks, with average salaries of $137,000 and $166,000 respectively.
Graduates of MiM programs, which are often pre-experience, average $54,000. Spanish and German MiM alumni enjoyed the highest salaries – both $70,000 on average three years out of school.
HEC Paris came second place but the French business school outperformed LBS in all rankings but the MBA. It missed out partly because of its participation in the executive MBA ranking as one-third of Trium, an EMBA program split between three different schools, which it received a proportionate score for.
The ranking’s importance is limited because only schools that participated in all five rankings – just nine of a list of 80 – are eligible for a full score. But they provide an overview of a school’s strength, which is becoming increasingly importance as business schools increase the amount of programs in their portfolios – due to the influx of shorter programs such as online and distance formats, and flexible learning.
Schools’ performances in MBA, EMBA and MiM rankings account for 25% of the 2014 European ranking’s weight. For executive education, the scores obtained for customised and open programs both account for 12.5%.
The UK’s Cambridge Judge Business School rose the highest in this year’s ranking, jumping 19 places to 29th, while Warwick Business School also climbed into the top-20.
While French and UK schools have dominated the table, there are notable gains for European institutes in other European countries. Spanish educators ESADE Business School and IESE Business School are in the top-10. The University of St Gallen in Switzerland, which has the highest-ranking MiM program, came 7th overall.
New entrants to the ranking include ESC La Rochelle in France, Hanken School of Economics in Finland and the UK’s University of Liverpool Management School.
Germany’s EBS Business School is the highest new entrant to the rankings in joint 47th place. It joins several other German schools, which are part of a growing business education market but also lag behind most other European destinations in global league tables.
MIP Politecnico di Milano is among the highest-ranking Italian business schools, along with SDA Bocconi, also based in Milan.
The UK, however, came up trumps and this trend echoes a similar MBA ranking released in November by Bloomberg.
Elsewhere in the UK, Cranfield School of Management, Henley Business School, University of Bath School of Management, Durham University Business School, Lancaster University Management School and Aston Business School lead the British charge.
IMD in Switzerland has the highest proportion of international faculty, 94% of whom are from outside the country.
St Petersburg State University Graduate School of Management in Russia has the highest proportion of women in its faculty – more than 50%.
To see the full table, visit: http://www.ft.com/cms/s/2/e0f6da72-6e6d-11e4-afe5-00144feabdc0.html#axzz3KdtwFYGY
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