It has been a year that US business schools would rather forget, but a new Bloomberg Businessweek ranking of the world’s best global schools, published today, has given them something to be cheery about heading into the New Year.
US schools dominate the global list that is coveted by MBA applicants as a means to compare and contrast schools. Stanford GSB, Wharton, Harvard, MIT Sloan, Chicago Booth, UC Berkeley Haas, Columbia, Kellogg, and Virginia Darden lead the list, in that order.
IMD, in Switzerland, is the only non-US school to be ranked among the top-10, and only two other European schools are in the top-25—London Business School, and INSEAD.
US schools have suffered dropping application volumes for the past four consecutive years, according to data from the Graduate Management Admission Council. And the falloff has been dramatic among the two-year, full-time MBA courses, the flagship US business degrees.
But the new Bloomberg ranking highlights one thing that US schools have that their European, Asian, and Canadian competitors cannot...
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