2016 has been a good year for Lancaster University Management School (LUMS) so far. It rose 15 places in the Financial Times’ prestigious Global MBA Rankings — and rode high on a number of key metrics.
The UK school is now ranked no 35 in the world, up from no 50 in 2015. This puts it above a number of British competitions such as Alliance Manchester Business School and Warwick Business School, according to the FT. LUMS is ranked joint no 4 in the UK with Imperial College.
“It confirms our position as a leading global business school,” claimed dean Angus Laing.
LUMS is ranked first in the UK for salary increase — salaries of alumni increased by 111% to $106,638. This compares with an average salary increase of 81% for the UK’s top-15 MBA programs, it said.
The hefty pay packets of LUMS alums ensured it was ranked no 6 in the world for value for money, which is calculated based on salary increase and course fees and length, among other measures.
LUMS is also ranked 36 on career progress, up 13 spots on last year. 94% of MBAs were employed three months after graduating, according to the FT.
Meanwhile, the school is ranked first in the world for corporate strategy for the second year, beating Harvard Business School. It’s also ranked no 1 in the UK for general management.
Peter Lenney, director of the full-time MBA, said: “Our rise in the table is a result of the success of our alumni in their careers, the quality of the program we deliver at Lancaster, and the continuous improvement in all aspects of the school over the years.
“We are very grateful to all the alumni who were surveyed for this ranking. They have obviously done really well in their careers.”