Financial Times Global MBA Ranking 2018 are out and two year MBA programmes are top on the list with 9 Schools in top 10 Global MBA rankings with Stanford holding the top position. Insead’s One Year MBA programme top the list in past 2 years falls to second in latest Financial Times Global MBA Ranking 2018.
Indian Management institutes have managed to keep their spots, but just. The top Indian management school, Indian School of Business, even though ranked above IIMs, is at same ranking as last year, 2017 Global MBA ranking. Other than ISB, Indian Institute of Management Ahmedabad (IIMA), IIM Bangalore and IIM Calcutta were the top schools from India finding a mention in the best 100 MBA programmes worldwide.
IIM Ahmedabad, the most famous and also the top-ranked management school in India as per NIRF rankings 2017 has slipped to the 31st position from last year’s 29. In FT Global ranking 2017, IIMA slipped 5 positions from its previous ranking.
The top three slots in Financial Times Global MBA Ranking 2018 have been picked by Stanford Graduate Business School, US, INSEAD, Paris/ Singapore and Wharton Business School, US, respectively. However, the top 10 ranks, are dominated by US Universities with only three slots occupied by the non-US universities, INSEAD of Paris/Singapore is at number 2, London Business School is at 4 and CEIBS of China has made a mark at rank 8. Overall, a majority of two-year MBA programmes rise or maintain position in this year ranking (31 up and 21 down) while their one-year MBA rivals lose places (14 up and 21 down).
As for the Indian varsities, it is not a bad slip. The other Indian B-schools in the list of top 100, offsetting the minor slips at the top have seen a massive jump in the rankings. IIM Bangalore’s one-year full-time Executive Post Graduate Programme in Management (EPGP) has also shown a rise and jumped to 35th rank from its last year’s 49th position. IIM Bangalore has shot up 14 spots in the latest FT Global MBA ranking. IIM Calcutta has taken a large jump from last year’s 95th position to impressive 78th rank in the latest rankings.
Professor Sourav Mukherji, Dean of Academic Programmes at IIMB, said: “We have constantly tried to improve the learning experience of students in the programme even while keeping an eye on their career aspirations. We have strengthened our career development services to specifically understand how our students can realize their professional goals. We are glad that all these are showing a positive impact on the rankings, but we are acutely aware that there is a lot of room for improvement”.
China Europe International Business School (CEIBS) from Shanghai is the top-ranked B-School from Asia with a rank of 8—up from 11 in 2017. A record 15 Asian schools are ranked in 2018.
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List of Top 35 B-School according to FT Global MBA Ranking 2018
Rank in 2018 |
3 Years Ranking | School Name | Country |
1 |
3 | Stanford Graduate School of Business | US |
2 | 1 | INSEAD |
France/Singapore |
3 |
3 | University of Pennsylvania: Wharton | US |
4 | 4 | London Business School |
UK |
5 |
4 | Harvard Business School | US |
6 | 8 | University of Chicago: Booth |
US |
7 |
7 | Columbia Business School | US |
8 |
12 | Ceibs |
China |
9 | 10 | MIT: Sloan |
US |
10 |
10 | University of California at Berkeley: Haas | US |
11 | 12 | Iese Business School |
Spain |
12 |
12 | Northwestern University: Kellogg | US |
13 | 9 | University of Cambridge: Judge |
US |
14 |
14 | HKUST Business School | China |
15 | 16 | Yale School of Management |
US |
16 |
19 | Dartmouth College: Tuck | US |
17 | 25 | Cornell University: Johnson |
US |
18 |
25 | National University of Singapore Business School | Singapore |
19 | 21 | Duke University: Fuqua |
US |
20 |
20 | Esade Business School | Spain |
21 | 19 | HEC Paris |
France |
22 |
25 | Nanyang Business School | Singapore |
23 | 20 | New York University: Stern |
US |
24 |
19 | IMD | Switzerland |
25 | 30 | UCLA: Anderson |
US |
26 |
23 | University of Michigan: Ross | US |
27 | 29 | University of Oxford: Saïd |
UK |
28 |
28 | Indian School of Business | India |
29 | 25 | SDA Bocconi |
Italy |
30 |
38 | Georgetown University: McDonough | US |
31 | 28 | Indian Institute of Management Ahmedabad |
India |
32 |
31 | University of Virginia: Darden | US |
33 | 39 | University of Hong Kong |
China |
34 |
36 | Shanghai Jiao Tong University: Antai | China |
35 | 49 | Indian Institute of Management Bangalore |
India |
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Prestigious B-Schools are losing their ground in the rankings. Harvard Business School, London Business School and MIT Sloan School of Management all top names in management education were encroached by competitors. This is the second time in ten years that Harvard is outside of the top-three, fell to the fifth position in the latest ranking, its lowest rank since 2008. The top Business schools saw a sharp rise in their mean salaries, with the salaries of Stanford jumping up to about 164 percent from the previous year.
The FT’s Global MBA ranking 2018 is based on surveys of business schools and their graduates of 2014. MBA programs are assessed according to the career progression of their alumni, the school’s idea generation and the diversity of students and faculty. Factors like weighted salary, the percentage of aims achieved and placement record have also been taken into consideration while deciding the rank.
While Chinese MBA Institutes continue to rise in the global rankings, Indian varsities are failing the mark. One of the biggest let downs for the Indian b-schools continues to be lack of foreign students and limited diversity in the campuses. With initiatives being taken by the government and IIMs, we can hope to improve on these parameters in the future and have better rankings in coming years.
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(Image Courtesy: The Financial Express)