Economist Releases 2010 B-School Rankings
Blogs Stacy Blackman - 09-21-10
The Economist’s annual ranking of full-time MBA programs around the world came out Friday, and with six of the top ten spots going to business schools in the United States, Economist says this time around America “rules the roost.”
So what is The Economist looking for when creating this ranking? "Our ethos is to look at business schools from the student's perspective," says the venerable business magazine, which goes on to cite four factors continually mentioned by students when asked why they decided to pursue an MBA. They are:
■ opening of new career opportunities and/or furthering of current career;
■ personal development and educational experience;
■ increase in salary;
■ potential to network.
The Economist ranks full-time programs on their ability to provide students with the things that they themselves cite as most important.
Global Full-Time MBA Ranking: The Top Ten
- University of Chicago Booth School of Business (USA)
- Dartmouth College Tuck School of Business (USA)
- University of California at Berkeley Haas School of Business (USA)
- Harvard Business School (USA)
- IESE Business School University of Navarra (Spain)
- IMD International Institute for Management Development (Switzerland)
- Stanford Graduate School of Business (USA)
- University of Pennsylvania Wharton School (USA)
- HEC School of Management Paris (France)
- York University Schulich School of Business (Canada)
According to The Economist, Booth School of Business topped the ranking (which measures everything from the quality of the faculty to the students' career prospects) due in part to the fact that careers advisers have steered graduates into unfamiliar terrain, such as government and the non-profit world, given the recent dearth of jobs in finance.
Slumping salaries were also felt around the world, as 2009 graduates earned less than those who graduated the previous year-something that had not happened for ages, says The Economist. European MBAs still outearn their American counterparts, though, mainly because they are typically older and more experienced.
Two other trends highlighted in this year's rankings: the number of women seeking MBAs, and the uptick in Asian business schools. According to The Economist, the number of female MBA students remains stubbornly low, and men outnumber women by a third at American and European universities. Meanwhile, Asian students are more likely to pursue an MBA closer to home than travel West to attend a second-tier school.
For more on the methodology used and to see the complete ranking, click here.