September 8, 2010
 
 
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Financial Times
Released Annually in January/February

The ranking produced by the Financial Times includes both U.S. and international business schools and reflects data from an audit that took place between November 2006 and January 2007. The current audit is based on a survey distributed to the graduating MBA class of 2003. Taken into account in the construction of its ranking, FT considers the following with the weighted percentage of each in parenthesis:

Weighted Salary (20): Average alumni salary today with adjustment for salary variations between industry sectors. Includes data for the current year and the one or two preceding years, where available.

Salary Percentage Increase (20): Percentage increase in average alumni salary from before the MBA to today as a percentage of the pre-MBA salary. Includes data for the current year and one or two preceding years, where available.

Value for Money (3): Calculated using the salary earned by alumni today, course length, fees and other costs, including the opportunity cost of not working for the duration of the course.

Career Progress (3): Calculated according to changes in the level of seniority and the size of the company alumni are working in now versus before their MBA. Includes data for the current year and one or two preceding years, where available.

Aims Achieved (3): The extent to which alumni fulfilled their goals or reasons for doing an MBA. This is measured as a percentage of total returns for a school.

Placement Success (2): Alumni ranking of the effectiveness of their schools career service center in their job search.

Employed at Three Months (2): The percentage of the most recent graduating class that had found employment or accepted a job offer within three months of graduation.

Alumni Recommend (2): Alumni were asked to name three business schools from which they would recruit MBA graduates.

Women Faculty (2): Percentage of female faculty.

Women Students (2): Percentage of female students.

Women Board (1): Percentage of female members on the advisory board.

International Faculty (4): The percentage of faculty whose citizenship differs from their country of employment.

International Students (4): The percentage of students whose citizenship differs from the country in which they are studying.

International Board (2): The percentage of the board whose citizenship differs from the country in which the business school is based.

International Mobility (6): This is calculated by analyzing the employment movements of alumni between the time prior to their MBA and graduation and also, the time between graduation and today.

International Experience (2): Weighted average of four criteria that measure international exposure during the MBA program.

Languages (2): Number of extra languages required on completion of the MBA.

Faculty with Doctorates (5): Percentage of faculty with a doctoral degree.

FT Doctoral Rank (5): Calculated according to the number of doctoral graduates from each business school during the past three years. Additional points are given if these graduates took up faculty positions at one of the top 50 full-time MBA schools of 2006.

FT Research Tank (10): Calculated according to the number of faculty publication in 40 international academic and practitioner journals. The total is weighted for faculty size.

Source: Financial Times

2007 Full Time Student Rankings
Rank
School
Location
1
University of Pennsylvania (Wharton)
PH
2
Columbia
NY
3
Harvard Business School
MA
3
Stanford Graduate School of Business
CA
5
London Business School
London, England
6
University of Chicago
IL
7
INSEAD
Fontainebleau, France
8
NYU (Stern)
NY
9
Dartmouth (Tuck)
NH
10
Yale
CT
11
Ceibs
Shanghai, China
11
Instituto de Empresa
Madrid, Spain
13
IMD
Lausanne, Switzerland
14
MIT (Sloan)
MA
15
University of Cambridge (Judge)
Cambridge, England
16
Iese Business School
Barcelona, Spain
17
UCLA (Anderson)
CA
18
HEC Paris
Paris, France
19
Northwestern (Kellogg)
IL
19
University of Michigan (Ross)
MI

Please note that a school's rank reflects the number of schools that sit above it; if three schools are tied at 1, the next school will be ranked 4, not 2. Tied schools are listed alphabetically.

 

Pros and Cons

Pros:

  • Like Business Week, the overall ranking includes data from previous years to create a ranking reflective of the quality of a program over multiple years.
  • Includes information on salary increase because it is widely considered to be the main goal of individuals attending MBA programs.
  • Rates the Value for Money which takes into account lost wages while attending an MBA program.

Cons:

  • If you are not interested in working and networking internationally, this ranking might not best reflect your needs for choosing a program.
  • Like the Business Week survey, alumni are asked to rank their own programs. Being a graduate from a highly ranked school is beneficial to an individual's career path and also adds value to one's degree. Because of this, it can be asumed that alumni will highly rank their own programs.
  • The salary growth of alumni out of school more than a year may be more reflective of one's work ethic and individual situation than that of an MBA degree.
  • Note that this is a global ranking and US schools will automatically fall lower due to the inclusion of international programs.
  • FT does not take into account student opinions of course content or teaching quality in the assessment of a program.

 

 
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