Source: Financial Times
by Laurent Ortmans,
The FT’s exclusive list of the top-100 courses worldwide
This is the 18th edition of the FT global executive MBA ranking of the best 100 programmes worldwide, based on data collected from business schools and their alumni who graduated in 2015. Find the full ranking here.
Executive MBA graduates are much more likely to work in industry and manufacturing than younger alumni from full-time MBAs and masters in management courses — and less likely to be employed in finance or consulting.
FT research shows that 17
The gap in average salaries between EMBA and MBA alumni ($220,000 vs $146,000) is similar to that between MBA and MiM graduates ($146,000 vs $67,000), three years after graduation.
This ranking considers corporate social responsibility (CSR) for the first time, with Iese Business School coming top in the new criterion.
This new criterion is based on the proportion of core courses dedicated to CSR, ethics, social and environmental issues. The category carries a ranking weighting of 3
The Iese EMBA includes more than 150 case studies, which are discussed and debated, and solutions must include CSR principles.
“CSR is at the core of what we do,” says Julia Prats, associate dean for MBA programmes. “Participants understand that every business decision must include a consideration about what impact it will make on people, the environment and society.”
The joint programme delivered by Kellogg School of Management and HKUST Business School is top overall for the third consecutive year and a record ninth time overall. Its alumni have the highest average salary three years after graduation at $507,000, almost $140,000 greater than the second highest paid cohort, from Washington University’s Olin Business School. The EMBA is ranked fourth for work experience and more than half of its alumni are company leaders three years after graduation.
This is one of five joint programmes delivered by Kellogg, which offer good networking opportunities, according to graduates. “The different cohorts at different campuses connected with professionals from around the world,” noted one.
The ranking features four new or returning schools. HEC Paris is this year’s highest “new” entrant, in sixth place. The French school was already in the ranking as
The Universidad de
Top school: Kellogg/HKUST
This is the ninth time in 12 years that Kellogg/HKUST’s joint programme heads the FT EMBA ranking. On the three occasions it did not secure the top spot, it came second. The programme is built around the quality of the faculty, its participants and the alumni network. “I learnt a lot from classrooms, interactions with classmates and networking with alumni,” said one graduate. More than half of graduates from the class of 2015 are company leaders three years after graduation.
Highest new entrant: HEC Paris
HEC Paris has featured continuously in the top five places in this ranking since 2006 as
Top for CSR: Iese
Iese Business School comes top for corporate social responsibility, a criterion introduced in this ranking for the first time and replacing the number of
Joint highest riser: Rotman
Rotman School of Management at the University of Toronto is one of three schools to rise by 20 places but is the highest ranked at 47. Rotman had been dropping places every year since 2011 but has reversed the trend. The school has also increased the proportion of international students from 26 to 41 per cent.
Joint highest riser: EMLyon
EMLyon Business School of France climbed 20 places, to 63. This is the school’s best performance since 2012, when it was ranked 60th. The school had dropped to 96 in 2015 but has been improving gradually every year. EMLyon moved up this year despite a small drop in alumni salary, but nearly doubled its proportion of female students to 26 per cent and is ranked fifth for career progress. It also improved on its research rank, moving up 10 places to 64.
Joint highest riser: Gibs
Gordon Institute of Business Science at the University of Pretoria is the third highest climber, also moving up 20 places, to 67. The school matched the ranking position it achieved on its first participation in 2011. It is also the only school from South Africa to have featured in this ranking.
Most female faculty: Koç
Koç University Graduate School of Business of Turkey has the highest proportion of female faculty at 53
Most international students: Incae
Incae Business School of Costa Rica and Nicaragua has the most international cohort with 90
New entrant: Universidad de los Andes
This is the 18th edition of the FT’s annual ranking of the world’s top 100 executive MBA programmes for senior working managers.
Participation in the ranking is voluntary and at the business schools’ request. EMBA programmes must meet certain criteria to be eligible.
A record 139 programmes took part in the 2018 ranking process, including 16 joint programmes delivered by more than one school. Nine schools took part for the first time.
Data for the ranking are collected using two online surveys, the first completed by participating schools and the second by alumni who graduated from programmes in 2015. The FT requires a response rate of 20
Alumni responses inform five ranking criteria: salary today, salary increase, career progress, work experience and aims achieved. They account together for 55 per cent of the ranking’s weight. The first two criteria, about alumni salaries, each count for 20 per cent.
Salaries of non-profit and public sector workers, as well as full-time students, are removed. Remaining salaries are converted to US dollars using the latest purchasing power parity (PPP) rates supplied by the International Monetary Fund. The highest and lowest salaries are then removed and the mean average “current salary” is calculated for each school.
When available, alumni criteria are informed by the past three surveys. Responses from the 2018 survey carry 50
Information provided by the business schools
The weight of the faculty and student gender diversity both increased from three to four. For these gender diversity criteria, schools with a 50:50 (male
The international diversity calculation is based on the overall percentage of students and faculty from abroad as well as the spread of these individuals by citizenship based on the Herfindahl index, a measure of concentration.
The final criterion, the FT research rank, accounts for 10
The FT rankings are relative. Schools are ranked against each other rather than against set standards. The FT calculates the Z-scores for each criterion. Z-scores show how far a school’s data is from the mean. Z-scores are unitless, so allow the ranking to be based on very different criteria (salary, percentages, points). These scores are then weighted as outlined in the ranking key and added together for a final score.
After removing the schools that did not meet the minimum response rate from their alumni, a first version is calculated using all remaining schools. The school at the bottom is removed and a second version is calculated. This action is repeated to find the top 100.