INSEAD has topped the Financial Times’ prestige 2016 global MBA rankings, in what marks a significant coup for European business schools and the one-year degree model.
INSEAD, which traces its roots to France, joins an elite club of business schools to reach the coveted number one spot, including Harvard Business School, London Business School, Wharton School and Stanford GSB. These schools have claimed the top-five spots in the FT’s 2016 ranking, respectively.
INSEAD is the first business school with a one-year degree to take top honours. All others in the top-five have two-year MBA programs.
It rose from no 4 last year thanks in-part to the “value for money” metric, for which it is ranked 10th, way ahead of its closest competitors. Because its degree is half of their length — 10 months — and therefore cheaper at €71,000 — made even more enticing by the weak Euro — it offers a solid return on investment.
INSEAD’s class of 2012 have an average salary of $167,000 three years after graduation, a 96% increase on pre-MBA pay.
With three campuses in Europe, Singapore and Abu Dhabi, INSEAD also scored third for international mobility; 90% of its professors and students are considered “international”.
INSEAD was not immediately available for comment.
Some things do not change, however: the FT ranking remains dominated by US schools. In the top-10 Harvard, Wharton and Stanford are joined by Columbia, Haas, Chicago Booth, and MIT Sloan.
The FT’s 2016 ranking includes nine business schools that did not make it into last year’s league table. EDHEC Business School of France is among the most noteworthy, at no 84.
Beijing’s Renmin University is the highest new entrant, at no 43. It joins a host of top Chinese schools ranked this year, led by Hong Kong’s HKUST Business School at no 14, CUHK Business School, and Shanghai’s CEIBS.
The Carroll School of Management at Boston College is the highest riser, climbing 21 places to no 69.
Cambridge Judge follows LBS in leading the cadre of UK schools ranked in 2016 at no 10, up three places on last year. University of Oxford: Saïd, Imperial College, Lancaster University, and Cass Business School follow in the top-40.
Spain’s IE Business School is at no 12, followed by fellow Europeans IMD, HEC Paris, IESE, ESADE, and SDA Bocconi.
Meanwhile, the ranking shows that the proportion of women studying at top schools is rising. In 2015, 35% of MBA students were women, up from 30% a decade before.
Renmin University tops this chart, with 59% female students. It is followed by Leeds University Business School, Fudan University, CUHK, Durham University, and University of San Diego.
“Schools have been very aggressive in connecting with women,” said Elissa Sangster, executive director at Forté Foundation, which works to increase the number of women business leaders.
But the average pay gap between men and women increases from 14% pre-MBA to 19% three years after graduation, or from $9,000 to $22,000. Women MBA graduates are also under-represented at director/partner and chief executive/board member levels, according to the FT.
The highest weighting metric in the ranking is alumni salary.
For the full table, click here: http://rankings.ft.com/businessschoolrankings/global-mba-ranking-2016