In its 25th year, US business schools dominate the top of the FT Global MBA Ranking, led for the first time by Columbia University (Columbia Business School) in New York, followed by INSEAD in France at 2nd position.
In France, there are two top-tier business schools that ranked in the top 20 - INSEAD at #2 and HEC Paris at #17. Iese Business School is ranked #3 in Spain; SDA Bocconi is ranked #6 in Italy; and London Business School has ranked slightly ahead of HEC Paris at #16.
The United States leads in part because the examination focuses on outcomes, with major weight given to income levels and increases three years after completion of the MBA. With an average weighted alumni income of USD 248,669, 12 of the 14 top-paying MBAs are from US business schools, led by Stanford.
However, in this year's ranking, which includes adjustments to the methodology as a result of extensive consultations, the weighting for salaries has been reduced from two-fifths to less than one-third, while diversity and sustainability have been given greater credit.
In a new measure of diversity in the rankings, AGSM at UNSW Business School in Australia ranked first for the variety of industries in which graduates worked before studying for an MBA, followed by Essec Business School in France.
The International Institute for Management Development (IMD) in Switzerland has the largest percentage of faculty from outside its own country (98%), followed by Imperial College Business School in the UK (96%).
Having said that, the Indian School of Business (ISB) Post Graduate Programme (PGP) remains at the top in India. ISB is the only Indian business school in the top 50 worldwide, ranking #39 overall and #6 in Asia. Among the other Indian institutions, IIM Ahmedabad came in at number 51, with IIM Bangalore close behind at number 52.
While ISB is the only Indian B-school in the top 50 globally, it has dropped from 32 the previous year. Other Indian B-schools in the top 100 include IIM Calcutta (ranked 76th), IIM Indore (ranked 89th), and IIM Lucknow (ranked 90th).
ISB is also ranked first in India and 61st internationally for the quality of research output created by its faculty year after year. PGP Class of 2019 alumni were polled on a variety of parameters for this year's ranking. According to the institute's official announcement, ISB fared well in areas such as income percentage rise (#2), alumni network (#12), career progression (#28), and career services (#29).
According to Professor Ramabhadran Thirumalai, ISB's deputy dean - Academic Programmes, the institute's consistent ranking as the top B-school in India in the FT Global MBA Ranking attests to its ongoing efforts to provide its students with a research-backed curriculum and cutting-edge pedagogy delivered by faculty who are thought leaders in their fields.
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Source: Live Mint News and Financial Times