America, the traditional home of the MBA, dominated the latest set of prestige rankings from The Economist. But some standout European business schools skyrocketed upwards toward the top.
Chicago’s Booth School of Business retained its number-one spot for the fifth time in six years. One reason for the school’s success are the esteem its students hold the career services department in. 98% of graduates land jobs within three months, with median salaries of $119,000
Virginia’s Darden School edged upwards one spot from last year to no 2 in 2015, with equally impressive employment stats.
“Some of the most prestigious companies in the world — from McKinsey to Goldman Sachs to Google — recruit at Darden and hire our students,” said Peter Rodriguez, Darden’s senior associate dean for degree programs.
Meanwhile, Dartmouth’s Tuck School fell one spot to no 3, although it is ranked first for its alumni network.
Published today for the 13th year, The Economist’s rankings are compiled based on four factors: opening new career opportunities (35% weighting); personal development and educational experience (35%); increasing salary (20%); and the potential to network (10%).
The US’s supremacy in the leading MBA rankings is well-known. Yet there are some notable European stars in The Economist’s set. HEC Paris comes in at no 5, down from no 4 last year. The French business school is top for increase in salary — graduates are earning around $122,000, 148% higher than their pre-MBA pay.
INSEAD, which has campuses in Europe, Singapore and Abu Dhabi, surged from no 18 in 2014’s ranking to eighth this year. INSEAD is rated no 1 for the internationalism of its 49,000-strong alumni network.
IE Business School of Spain also rose high — from no 36 last year to no 17 today. Propelling the Madrid-based school up the table are its high marks for student diversity; 68% of students are from outside Europe, according to the ranking.
Elsewhere for Europe, IESE Business School is ranked at no 14 after tumbling nine spots from no 5 last year. The Economist rated IESE poorly for breadth of alumni network, and in students’ assessment of career service. However, IESE is rated as no 5 for increase in salary — 109%.
Warwick Business School is ranked as the top school in the UK, climbing from no 37 in 2014 to no 18 this year. The only UK school in the top 20, Warwick is joined by other British MBA programs in the top-100 including Cass Business School, University of Edinburgh Business School, and Lancaster University Management School.
Highlighting the importance placed by schools on their rankings, Mark Taylor, dean of Warwick Business School, said: “This is the culmination of five years of strategic planning.” Warwick scored highly on potential to network and faculty quality.
Leading the pack for Asia, Hong Kong University’s MBA program is ranked no 1 for the region for the sixth consecutive year, and no 26 overall.
Eric Chang, dean of the Faculty of Business and Economics at HKU, said that as global economic growth is uncertain, HKU students are good at operating in a region where emerging economies are having to contend with modern technologies that are shaping institutions.
For the full list, visit: http://www.economist.com/news/business/21674822-which-mba-2015