Youth Inc Research, Aggreates and Ranks the Best Business Schools in the World
Welcome to the Youth Incorporated, DNA and Rediff.com Global Business School Rankings 2012. In attempt to identify, gauge and classify the best business schools in the world that provide not just quality education but also an overall satisfying experience, we present to you the fruits of our research: the top 100 schools for an MBA (full-time), the top 50 for degrees in Finance, Management and Marketing, and the top 50 schools for an online MBA. In a throwback to the Global University Rankings we did last year, the first two top schools here – Harvard and Stanford – are verily the same as in our last effort, proving that these schools are truly the best at everything they do. Running down the list, there are both familiar and new names, indicating a rise in the number of premier B-schools in the world. Some are surprise inclusions in terms of their higher ranking and some are shockers because of their lower ranking. But what is most telling in our research is that sole business institutions are now no more the hallowed temples for an MBA; multi-programme universities are fast becoming the chosen destinations for students.
A new player (at least in developing countries) in the realm of business education is the online MBA. Given the pressures of a professional life and the need to constantly update one’s knowledge and skills, MBA programmes have begun being conducted 100% online and are gaining popularity. However, the leaders in this initiative are not the old guard but the relatively younger schools. Read more on our analysis of an online MBA degree on pages 24 and 25.
What sets apart these rankings is that credence has been given to responses from the institutions, the students, alumni and recruiters, giving our data the depth of multiple perspectives. While they were quizzed on the usual value for money and programme quality concerns, students also had to give their feedback on the diversity in their classrooms, career services available to them and exchange programmes in their schools. We also relied heavily on recruiter satisfaction to see how the institutes stacked up in the real world.
The India Story
One Indian institute has made it to the top 10 and four in the top 100, but let us not feel self-congratulatory yet. Let us instead ask, “Why only four?” China has five schools in the top 100, one more than us, but let’s take a closer look at them: Peking University (rank 45), for instance, reported that the percentage of Western students studying in their full-time Beijing International MBA programme increased from 5 per cent in 2006 to 35 per cent in 2011. On graduating, their students were offered jobs from over 250 companies as diverse as JP Morgan, Apple and Louis Vuitton. As for their faculty, they have more than 40 professors from North America and Europe. This throws light on some problems plaguing Indian B-schools. We do not have a diverse, international student body or faculty, perhaps because we still place emphasis on rote learning when the rest of the world does not. Where are our non-IIMs? The IIMs alone cannot be serious competition to the likes of Harvard and LBS. Other Indian B-schools must be raised to that standard. India is a great place to study, but it needs a lot of work to be recognised as such internationally.
Top 100 MBA
Rank | Name of Institution | Country | Score |
1 | Harvard University | USA | 100 |
2 | Stanford University | USA | 99.8 |
3 | University of Pennsylvania | USA | 99.5 |
4 | Columbia University | USA | 99.2 |
5 | London Business School | UK | 99 |
6 | INSEAD | France | 98.6 |
7 | IE Business School | Spain | 98.5 |
8 | MIT | USA | 98 |
9 | University of Chicago | USA | 97.5 |
10 | IIM Ahmedabad | India | 97.3 |
11 | Northwestern University | USA | 97 |
12 | University of California at Berkeley | USA | 96.9 |
13 | New York University | USA | 96.8 |
14 | Dartmouth College | USA | 96.6 |
15 | Hong Kong UST | China | 96 |
16 | Indian School of Business | India | 95 |
17 | IIM Calcutta | India | 94 |
18 | IMD | Switzerland | 93 |
19 | Duke University | USA | 92 |
20 | Yale University | USA | 91 |
21 | Cambridge University | UK | 90.8 |
22 | Oxford University | UK | 90.5 |
23 | Cornell University | USA | 90 |
24 | HEC Paris | France | 89 |
25 | National University Singapore | Singapore | 88 |
26 | University of Manchester | UK | 87.4 |
27 | University of Virginia | USA | 87 |
28 | IESE | Spain | 86.7 |
29 | Australian Graduate School of Management | Australia | 86.3 |
30 | CEIBS | China | 86 |
31 | University of Hong Kong | China | 85 |
32 | ESADE | Spain | 84.8 |
33 | Nanyang Technological University | Singapore | 84.4 |
34 | Imperial College | UK | 84 |
35 | Carnegie Mellon University | USA | 83 |
36 | Chinese University of Hong Kong | China | 82 |
37 | University of Melbourne | Australia | 81 |
38 | University of Michigan Ann Arbor | USA | 80 |
39 | Georgetown University | USA | 79.5 |
40 | SDA Bocconi | Italy | 79 |
41 | University of Toronto | Canada | 78.4 |
42 | McGill University | Canada | 78 |
43 | Rotterdam School of Management | Netherlands | 77.8 |
44 | University of Cape Town | South Africa | 77.5 |
45 | Peking University | China | 77 |
46 | Rice University | USA | 76.5 |
47 | University of California at Los Angeles | USA | 76.3 |
48 | Emory University | USA | 76 |
49 | Penn State University (Smeal) | USA | 75.8 |
50 | Indiana University (Kelley) | USA | 75.2 |
51 | York University | Canada | 75 |
52 | University of Western Ontario | Canada | 74.6 |
53 | University of Southern California | USA | 74.5 |
54 | Washington University (Olin) | USA | 74 |
55 | University of Rochester (Simon) | USA | 73.8 |
56 | University of Washington (Foster) | USA | 73.3 |
57 | Purdue University | USA | 73 |
58 | Texas A&M University (Mays) | USA | 72.9 |
59 | City University London | UK | 72.8 |
60 | University of Texas at Austin | USA | 72.5 |
61 | Cranfield University | UK | 72 |
62 | University of North Carolina (Kenan-Flagler) | USA | 71.7 |
63 | Ohio State University (Fisher) | USA | 71.3 |
64 | Boston University | USA | 71 |
65 | Vlerick Business School | Belgium | 70.5 |
66 | University of Minnesota (Carlson) | USA | 70 |
67 | Boston College | USA | 69 |
68 | Incae Business School | Costa Rica | 68.8 |
69 | University of British Columbia | Canada | 68.5 |
70 | Queens University | Canada | 68 |
71 | Coppead | Brazil | 67 |
72 | Pontificia Universidad Catolica de Chile | Chile | 66.7 |
73 | University of Edinburgh | UK | 66.3 |
74 | Business School Sao Paulo | Brazil | 66 |
75 | Mannheim Business School | Germany | 65.7 |
76 | Macquarie Graduate School of Management | Australia | 65.2 |
77 | SP Jain Institute of Management | India | 65 |
78 | Michigan State University (Broad) | USA | 64.9 |
79 | Copenhagen Business School | Denmark | 64.3 |
80 | University of Alberta | Canada | 64 |
81 | American University in Cairo | Egypt | 63 |
82 | Universidad de Chile | Chile | 62.7 |
83 | University of South Carolina | USA | 62.4 |
84 | University of Miami | USA | 62.1 |
85 | IPADE | Mexico | 62 |
86 | University of Notre Dame | USA | 61.5 |
87 | Babson College | USA | 61.3 |
88 | University of California Irvine | USA | 61 |
89 | Brigham Young University | USA | 60 |
90 | Thunderbird School of Global Management | USA | 59 |
91 | Georgia Institute of Technology | USA | 58 |
92 | Lancaster University | UK | 57 |
93 | George Washington University | USA | 56.9 |
94 | University of Warwick | UK | 56.4 |
95 | Bond University | Australia | 56 |
96 | Queensland Institute of Tech | Australia | 55.8 |
97 | Southern Methodist University | USA | 55.3 |
98 | Wake Forest University | USA | 55 |
99 | University of Pittsburg | USA | 54.5 |
100 | University of St.Gallen | Switzerland | 54 |
Top MBA Distribution
Top US B-Schools
Rank | Name of Institution | Country |
1 | Harvard University | USA |
2 | Stanford University | USA |
3 | University of Pennsylvania | USA |
4 | Columbia University | USA |
5 | MIT | USA |
6 | University of Chicago | USA |
7 | Northwestern University | USA |
8 | University of California at Berkeley | USA |
9 | New York University | USA |
10 | Dartmouth College | USA |
Top European B-Schools
Rank | Name of Institution | Country |
1 | INSEAD | France |
2 | IE Business School | Spain |
3 | IMD | Switzerland |
4 | HEC Paris | France |
5 | IESE | Spain |
6 | ESADE | Spain |
7 | SDA Bocconi | Italy |
8 | Rotterdam School of Management | Netherlands |
9 | Vlerick Business School | Belgium |
10 | Mannheim Business School | Germany |
Top UK B-Schools
Rank | Name of Institution | Country |
1 | London Business School | UK |
2 | Cambridge University | UK |
3 | Oxford University | UK |
4 | University of Manchester | UK |
5 | Imperial College | UK |
6 | City University London | UK |
7 | Cranfield University | UK |
8 | University of Edinburgh | UK |
9 | Lancaster University | UK |
10 | University of Warwick | UK |
Top Asian B-Schools
Rank | Name of Institution | Country |
1 | IIM Ahmedabad | India |
2 | Hong Kong UST | China |
3 | Indian School of Business | India |
4 | IIM Calcutta | India |
5 | National University Singapore | Singapore |
6 | CEIBS | China |
7 | University of Hong Kong | China |
8 | Nanyang Technological University | Singapore |
9 | CUHK | China |
10 | Peking University | China |
Top Canadian B-Schools
Rank | Name of Institution | Country |
1 | University of Toronto | Canada |
2 | McGill University | Canada |
3 | York University | Canada |
4 | University of Western Ontario | Canada |
5 | University of British Columbia | Canada |
6 | Queens University | Canada |
7 | University of Alberta | Canada |
Top Australian B-Schools
Rank | Name of Institution | Country |
1 | Australian Graduate School of Management | Australia |
2 | University of Melbourne | Australia |
3 | Macquarie Graduate School of Management | Australia |
4 | Bond University | Australia |
5 | Queensland Institute of Tech | Australia |
MBA Goes Online
There has been a drastic increase in the number of students opting for online courses in recent times. According to Ambient Insight, the global e-learning market is said to reach a whopping Rs.2.5 lakh crore (about US$47.2 billion) by 2014. Most prospective B-school students hesitate to commit to a two-year programme due to lack of funds, lack of time and preference for work experience. These students are choosing online MBA programs over conventional courses to meet their requirements.
What it Involves
Pursuing an online MBA degree allows you to receive your study material from an international, local or well known university without leaving your computer.
You can contact your professors and other students through web chat sessions, Skype calls and so on.
Some institutes also arrange discussion meetings of students from one particular location. Assessments are carried out through periodic online examinations and tests.
The Options
Online MBA programmes: These are taught entirely online and the student need not visit the university for any purpose.
Combination MBA programmes:In these programmes, the learning is divided into online sessions as well as classroom sessions.
The Benefits
The biggest pro of pursuing an online MBA is that it allows you the flexibility of working while studying. Therefore, both your practical and theoretical knowledge witness a simultaneous increase. There is also the significant advantage of making money while you study. Another valuable benefit is that you can implement your learning in your professional life instantly, giving you immediate gratification. There is also the added advantage of owning a global degree, without the extra expenditure. An online MBA is also a viable option for students who want to escape the pressures of competitive exams as it is easier to gain admission for an online course.
The Drawbacks
The most obvious drawback of the online MBA is the lack of human connect. There is no interaction with fellow students and immediate guidance from professors. There are many other benefits that online MBA students can’t enjoy, such as industry visits and networking with important people from the industry. Also, an online programme is suited only for people who are disciplined and selfmotivated as classroom pressures are not present in such an education.
Bottom Line
If you have an online MBA degree and are competing with someone with a campus degree, you might probably be the second choice for the job. However, if you have both work experience and an online degree, your chances will improve significantly.
Online MBAs are thus more suited for people who have attained posts they don’t want to give up, but are still keen on updating their knowledge and
keeping up with developments.
Most importantly, one needs to ensure that the college offering the online MBA is recognised by national accrediting bodies (these differ from country to country). Double and triple check the college’s affiliation.
Top 50 Online MBA
Rank | Name of Institution | Country | Score |
1 | IE Business School | USA | 100 |
2 | University of Florida | USA | 99.5 |
3 | Arizona State University | UK | 99 |
4 | Imperial College | USA | 98.7 |
5 | Babson College | USA | 98 |
6 | Drexel University | USA | 97 |
7 | George Washington University | USA | 96 |
8 | Indiana University Bloomington | USA | 95 |
9 | Thunderbird School of Global Management | USA | 94 |
10 | Northeastern University | USA | 93 |
11 | Syracuse University | USA | 92 |
12 | Temple University | USA | 91 |
13 | Penn State University | USA | 90 |
14 | North Carolina State University | USA | 89 |
15 | University of North Carolina Chapel Hill | USA | 88 |
16 | University of Strathclyde | UK | 87 |
17 | University of Warwick | UK | 86 |
18 | University of London (Royal Holloway) | UK | 85 |
19 | University of Edinburgh | UK | 84 |
20 | Suffolk University | USA | 83 |
21 | Virginia Tech | USA | 82 |
22 | University of Michigan Dearbon | USA | 81 |
23 | Pace University | USA | 80 |
24 | Florida State University | USA | 79 |
25 | University of Derby | UK | 78 |
26 | Hofstra University | USA | 77 |
27 | Florida International University | USA | 76 |
28 | Auburn University | USA | 75 |
29 | University of Aston | UK | 74 |
30 | University of Nebraska Lincoln | USA | 73 |
31 | University of Texas Dallas | USA | 72 |
32 | University of Liverpoo | UK | 71 |
33 | University of Leicester | UK | 70 |
34 | Walden University | USA | 69 |
35 | Deakin University | Australia | 68 |
36 | SBS Business School | Switzerland | 67 |
37 | James Madison University | USA | 66 |
38 | University of Maryland UC | USA | 65 |
39 | Robert Gordon University | UK | 64 |
40 | Curtin University | Australia | 63 |
41 | Ball State University | USA | 62 |
42 | University of Massachusetts – Amherst | USA | 61 |
43 | University of Memphis | USA | 60 |
44 | Portland State University | USA | 59 |
45 | Rowan University | USA | 58 |
46 | Kennesaw State University | USA | 57 |
47 | Educatis | Switzerland | 56 |
48 | Oxford Brookes University | UK | 55 |
49 | EUDE | Spain | 54 |
50 | Athabasca University | Canada | 53 |
Top 50 Finance
Rank | Name of Institution | Country | Score |
1 | London Business School | UK | 100 |
2 | Princeton University | USA | 99.8 |
3 | IE Business School | Spain | 99.3 |
4 | MIT | USA | 99 |
5 | London School of Economic | UK | 98.7 |
6 | ESSEC Business School | France | 98 |
7 | HEC Paris | France | 97 |
8 | Oxford University | UK | 96.6 |
9 | ESCP Europe | Europe | 96 |
10 | University of Texas at Austin | USA | 95.5 |
11 | Texas A&M University | USA | 95 |
12 | Peking University | China | 94 |
13 | Grenoble School of Business | France | 93 |
14 | Imperial College | UK | 92 |
15 | EDHEC Business School | France | 91 |
16 | Boston College | USA | 90 |
17 | University of St.Gallen | Switzerland | 89 |
18 | University of Warwick | UK | 88 |
19 | Purdue University | USA | 87.5 |
20 | Vanderbilt University | USA | 87 |
21 | EMLYON Business School | France | 86 |
22 | City University | UK | 85 |
23 | Cranfield University | UK | 84 |
24 | Washington University St Louis | USA | 83 |
25 | University of Illinois UC | USA | 82 |
26 | Stockholm School of Economics | Sweden | 81 |
27 | University of Rochester | USA | 80 |
28 | University of Maryland College Park | USA | 79 |
29 | Rotterdam School of Management | Netherlands | 78 |
30 | George Washington University | USA | 77 |
31 | EADA | Spain | 76 |
32 | Nova School of Business & Eco | Portugal | 75 |
33 | Michigan State University | USA | 74.5 |
34 | Ohio State University | USA | 74 |
35 | University of Bath | UK | 73 |
36 | University of Manchester | UK | 72 |
37 | University of Reading | UK | 71 |
38 | Università Bocconi | Italy | 70 |
39 | Vlerick Business School | Belgium | 69 |
40 | University of Arizona | USA | 68 |
41 | University of Florida | USA | 67 |
42 | University of Utah | USA | 66 |
43 | Lancaster University | UK | 65 |
44 | University College Dublin | Ireland | 64 |
45 | Northeastern University | USA | 63 |
46 | University of Nottingham | UK | 62 |
47 | University of Strathclyde | UK | 61 |
48 | Villanova University | USA | 60 |
49 | Tulane University | USA | 59.5 |
50 | University of Colorado Denver | USA | 59 |
Top 50 Marketing
Rank | Name of Institution | Country | Score |
1 | New York University | USA | 100 |
2 | Northwestern University | USA | 99 |
3 | Columbia University | USA | 98.7 |
4 | Johns Hopkins University | USA | 98.4 |
5 | University of Bath | UK | 98 |
6 | University of Melbourne | Australia | 97.6 |
7 | ESCP Europe | Europe | 97.3 |
8 | University of Manchester | UK | 97 |
9 | Erasmus University Rotterdam | Netherlands | 96 |
10 | Copenhagen Business School | Denmark | 95.7 |
11 | HEC Paris | France | 95 |
12 | EADA | Spain | 94.7 |
13 | Griffith University | Australia | 94 |
14 | City University of Hong Kong | China | 93 |
15 | ESSEC Business School | France | 92 |
16 | Cranfield University | UK | 91 |
17 | Texas A&M University | USA | 90 |
18 | Imperial College | UK | 89 |
19 | BI Norwegian Business School | Norway | 88 |
20 | Vlerick Management School | Belgium | 87 |
21 | City University London | UK | 86 |
22 | ESADE | Spain | 85.6 |
23 | EBS Business School | Germany | 85 |
24 | SKEMA Business School | France | 84 |
25 | Maastricht University | Netherlands | 83 |
26 | Clemson University | USA | 82 |
27 | Lancaster University | UK | 80 |
28 | Monash University | Australia | 80 |
29 | Aalto University | Finland | 79 |
30 | University of Strathclyde | UK | 78 |
31 | University of Newcastle | Australia | 77 |
32 | University of Nottingham | UK | 76 |
33 | ISCTE Business School | Portugal | 75 |
34 | King’s College London | UK | 74 |
35 | Stockholm University | Sweden | 73 |
36 | University of Cincinnati | USA | 72 |
37 | Fordham University | USA | 71 |
38 | Bentley University | USA | 70 |
39 | University College Dublin | Ireland | 69 |
40 | University of Edinburgh | UK | 68 |
41 | Brunel University | UK | 67 |
42 | University of Glasgow | UK | 66 |
43 | University of Stirling | UK | 65 |
44 | University of Kent | UK | 64 |
45 | University of Aston | UK | 63 |
46 | University of Sydney | Australia | 62 |
47 | University of Leeds | UK | 61 |
48 | Florida State University | USA | 60 |
49 | University of Reading | UK | 59 |
50 | Coventry University | UK | 58 |
Top 50 Management
Rank | Name of Institution | Country | Score |
1 | London School of Economics | UK | 100 |
2 | IE Business School | Spain | 99 |
3 | MIT | USA | 98 |
4 | ESCP Europe | Europe | 97.5 |
5 | HEC Paris | France | 97.2 |
6 | Rotterdam School of Management | Netherlands | 97 |
7 | EMLYON Business School | France | 96 |
8 | Mannheim Business School | Germany | 95 |
9 | Imperial College | UK | 94 |
10 | ESSEC Business School | France | 93 |
11 | HHL Leipzig Graduate School | Germany | 92 |
12 | ESADE | Spain | 91.5 |
13 | Edhec Business School | France | 91 |
14 | Grenoble Graduate SOB | World | 90 |
15 | University of St.Gallen | Switzerland | 89 |
16 | City University London | UK | 88.7 |
17 | Università Bocconi | Italy | 88.3 |
18 | Thunderbird School of Global Management | USA | 88 |
19 | Vlerick Business School | Belgium | 87 |
20 | Duke University | USA | 86 |
21 | Bordeaux University | France | 85 |
22 | Maastricht University | Netherlands | 84 |
23 | Copenhagen Business School | Denmark | 83 |
24 | IAG-Louvain | Belgium | 82 |
25 | University College London | UK | 81 |
26 | University of Warwick | UK | 80 |
27 | HEC Montreal | Canada | 79 |
28 | Brunel University | UK | 78 |
29 | University of Bath | UK | 77 |
30 | Télécom Business School | France | 76 |
31 | Norwegian School of Economics | Norway | 75 |
32 | Lancaster University | UK | 74 |
33 | University of Strathclyde | UK | 73 |
34 | Politecnico di Milano | Italy | 72 |
35 | University of Economics | Czech Rep | 71 |
36 | University of Cologne | Germany | 70 |
37 | University of Edinburgh | UK | 69 |
38 | Warsaw School of Management | Poland | 68 |
39 | Aston University | UK | 67 |
40 | University of Reading | UK | 66 |
41 | University of Leeds | UK | 65 |
42 | BI Norwegian Business School | Norway | 64 |
43 | Catholic University of Portugal | Portugal | 63 |
44 | Nyenrode Business Universiteit | Netherlands | 62 |
45 | Antwerp Management School | Belgium | 61 |
46 | Shanghai Jiao Tong University | China | 60 |
47 | Aarhus University | Denmark | 59 |
48 | University of Nottingham | UK | 58 |
49 | Robert Gordon University | UK | 57 |
50 | Bradford University | UK | 56 |
Diversity of Students
Rank | Name of Institution | Country |
1 | Columbia University | USA |
2 | IE Business School | Spain |
3 | Harvard University | USA |
4 | Stanford University | USA |
5 | MIT | USA |
6 | University of Virginia | USA |
7 | Cornell University | USA |
8 | HEC Paris | France |
9 | University of Chicago | USA |
10 | New York University | USA |
Diversity of Faculty
Rank | Name of Institution | Country |
1 | New York University | USA |
2 | Harvard University | USA |
3 | MIT | USA |
4 | Northwestern University | USA |
5 | Dartmouth College | USA |
6 | London Business School | UK |
7 | Duke University | USA |
8 | Cambridge University | UK |
9 | INSEAD | France |
10 | University of Hong Kong | China |
Value for Money
Rank | Name of Institution | Country |
1 | IIM Ahmedabad | India |
2 | IIM Calcutta | India |
3 | Indian School of Business | India |
4 | National University Singapore | Singapore |
5 | University of Melbourne | Australia |
6 | McGill University | Canada |
7 | University of Toronto | Canada |
8 | University of Hong Kong | China |
9 | Duke University | USA |
10 | Carnegie Mellon University | USA |
I Feel that My Education at the Institute was Worth the Money I Spent
60 per cent of B-school alumni said their expensive degree was not worth the money. The conclusion we can draw is that as employees in the real world, these business graduates would have become disappointed with the gap that exists between the idealistic atmosphere of the classroom and the gritty actuality of the real world. This is a clarion call to B-schools to make their curriculum more rooted in reality.
Career Services
Rank | Name of Institution | Country |
1 | IIM Ahmedabad | India |
2 | Stanford University | USA |
3 | University of Pennsylvania | USA |
4 | Northwestern University | USA |
5 | Dartmouth College | USA |
6 | University of Chicago | USA |
7 | University of Virginia | USA |
8 | National University Singapore | Singapore |
9 | Columbia University | USA |
10 | Cornell University | USA |
Exchange Programmes
Rank | Name of Institution | Country |
1 | London Business School | UK |
2 | INSEAD | France |
3 | IE Business School | Spain |
4 | Columbia University | USA |
5 | Cornell University | USA |
6 | IIM Ahmedabad | India |
7 | Duke University | USA |
8 | New York University | USA |
9 | HEC Paris | France |
10 | Indian School of Business | India |
The Teaching Faculty at My Institution are Very Receptive to Discussions, Questions and New Ideas
60 per cent of surveyed students said their professors encourage active participation in the classroom, making the teaching sessions more interactive, rather than a one-way monologue. This is a hallmark of quality teaching as the faculty understands and accepts that learning is not limited to just the textbook and the professor and that innovation springs forth from everywhere.
My Instituion Provides Very Good Campus Support Including Housing
A question that split the students right down the middle, 50 per cent of them said their institute takes good care of them on campus and the other 50 per cent disagreed. What we understand is that those students who wanted assistance approached the support services and came away satisfied. And those who did not require any help did not approach the support service cell and probably responded negatively.
Innovation of Programmes
Rank | Name of Institution | Country |
1 | IE Business School | Spain |
2 | University of Pennsylvania | USA |
3 | Northwestern University | USA |
4 | University of Chicago | USA |
5 | University of Virginia | USA |
6 | INSEAD | France |
7 | London Business School | UK |
8 | University of Michigan Ann Arbor | USA |
9 | Carnegie Mellon University | USA |
10 | HEC Paris | France |
Innovation of Teaching Methodologies
Rank | Name of Institution | Country |
1 | Stanford University | USA |
2 | Harvard University | USA |
3 | Columbia University | USA |
4 | INSEAD | France |
5 | University of Michigan Ann Arbor | USA |
6 | Carnegie Mellon University | USA |
7 | New York University | USA |
8 | MIT | USA |
9 | University of Chicago | USA |
10 | IE Business School | Spain |
Campus Support
Rank | Name of Institution | Country |
1 | Stanford University | USA |
2 | Harvard University | USA |
3 | University of Pennsylvania | USA |
4 | University of Virginia | USA |
5 | University of Chicago | USA |
6 | National University Singapore | Singapore |
7 | University of Michigan Ann Arbor | USA |
8 | MIT | USA |
9 | McGill University | Canada |
10 | IESE | Spain |
Student Satisfaction
Rank | Name of Institution | Country |
1 | Columbia University | USA |
2 | New York University | USA |
3 | Harvard University | USA |
4 | University of Pennsylvania | USA |
5 | Stanford University | USA |
6 | Northwestern University | USA |
7 | University of Chicago | USA |
8 | University of Virginia | USA |
9 | London Business School | UK |
10 | INSEAD | France |
Recruiter Satisfaction
Rank | Name of Institution | Country |
1 | Harvard University | USA |
2 | Stanford University | USA |
3 | Dartmouth College | USA |
4 | IIM Ahmedabad | INDIA |
5 | University of Pennsylvania | USA |
6 | Columbia University | USA |
7 | London Business School | UK |
8 | Cornell University | USA |
9 | INSEAD | France |
10 | IE Business School | Spain |
Alumni Satisfaction
Rank | Name of Institution | Country |
1 | Columbia University | USA |
2 | Cornell University | USA |
3 | University of Pennsylvania | USA |
4 | Harvard University | USA |
5 | Stanford University | USA |
6 | University of Chicago | USA |
7 | Northwestern University | USA |
8 | London Business School | UK |
9 | IESE | Spain |
10 | INSEAD | France |
Extracurrcular Activities
Rank | Name of Institution | Country |
1 | University of Chicago | USA |
2 | University of Michigan Ann Arbor | USA |
3 | University of Virginia | USA |
4 | Northwestern University | USA |
5 | Stanford University | USA |
6 | Harvard University | USA |
7 | MIT | USA |
8 | University of California at Berkeley | USA |
9 | Dartmouth College | USA |
10 | Duke University | USA |
Ranking Methodology
How did We Choose Institutes?
We chose 700 institutes across the world after having discussions with students, recruiters and faculty. We also consulted professional organizations such as AMBA, EQUIS and AACSB. Youth Inc’s Research Unit (YRU) also studied domestic rankings in various countries to find the best institutes.
All the institutes were sent identical surveys. We then contacted current students, alumni, as well as local and international recruiters and gathered specific information about the institutes.
Factors Considered
1. Recruiter perception – Identical surveys were sent to recruiters worldwide. The recruiters were asked to rate the institutes that they were most likely to recruit from. The recruiters were also asked to rate the students they have recruited from specific business schools on several criteria including leadership potential and strategic thinking.
2. Diversity of students – The institutes were asked to report the total number of students on campus and what percentage of the students were international and speak two or more languages. Gender diversity of the students was also considered.
3. Diversity of faculty – The institutes were asked to report the total number of faculty on campus and what percentage of the faculty was international, hold doctorate degrees and accredited with their own publishing material. Gender diversity of the faculty was also considered.
4. Programme innovation – We considered the different ways to construct degree programmes as well as the choice students have in terms of selecting electives.
5. Innovation in teaching methodologies – Institutes were asked to select different teaching methodologies that we considered innovative. Some of these included company visits, dual or multiple majors and course collaborations between different departments at the institute. Our list was selected after surveying students across different campuses worldwide.
6. Value for money – We considered students’ and alumni’s opinions on whether a particular school was perceived as ‘value for money’. We also asked institutes to state the percentage of students who received some sort of funding from the
institutes.
7. Campus support – We asked the institutes, current students and alumni to select the different types of assistance provided by the student office or a similar body on campus. Our list was selected after surveying students across different campuses worldwide.
8. Career service – We asked the institutes, current students and alumni about the availability and functioning of a career service cell and how active such a service was for the students. We also considered what percentage of students were actually placed through the institute’s career service cell, how long it look for such placements and what the average starting salaries were.
9. Exchange programmes – Institutes were asked to report the percentage of students that opted for exchange programmes. We also considered the exchange students present on the institute’s campus.
10. Student satisfaction – Current students and alumni were asked to rate their institutes on various factors including career services, attitude of staff and professors, location and course content.
Actual Methodology
We sent invitations to 700 institutes. Institutes were provided a password using which they could send us their completed survey online. They were asked to answer questions relating to full-time faculty, career services,
student and programme information and all the factors listed above.
We contacted current students and alumni of the institutes and asked them to rate specific statements which were pertaining to the factors we considered in this ranking. Many institutes preferred to send the survey links to their students and alumni directly.
Over 8000 recruiters were sent emails with a survey. The recruiter list was prepared from the responses of the institutes and also included internationally well known recruiters. The recruiters were asked to enlist institutes that they were likely to recruit from.
Each factor was made up of a set of questions. The total percentage attributed to that factor was based on the average score of the responses multiplied by the assigned weightage. We then totalled the score from all factors and sorted the scores from highest to lowest. The school(s) with the highest score was ranked first.
Not Just Numbers!
After we received the total computed scores for the institutes, we subjectively analysed the data provided by the institutes, current students, alumni and recruiters. If we found discrepancies in the satisfaction scores and the subjective descriptions, we omitted the data.
Institutes that did not Fill Out the Survey Reports in Time
Out of 700 institutes that were contacted, 120 institutes did not complete the survey on time or did not respond. We used publicly available information on the institutes to include them in our ranking. We also contacted current students, alumni and recruiters of these institutes and compared the data we received with the data from institutes that did participate.
Special Notes
Masters in Finance – The programs include the pre-experience as well as the post-experience Masters programmes. The ranking also includes the programmes which are recently established.
Masters in Management – Certain Masters in Management programmes with specialisations are also included in the ranking.
Masters in Marketing – Combination courses of marketing with communication and other fields are also included in the ranking.
Online MBA – Certain factors such as campus support and exchange programmes were omitted in the factors considered for the ranking.
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Information Reported by Recruiters
Recall of institute where to recruit from | 10% |
Likelihood of recruiting from same institute again | 10% |
Overall satisfaction with students recruited | 10% |
Satisfaction with institute career cell | 10% |
40% |
We contacted current students, alumni and local and international recruiters to gather specific information about the institutes.
Volume 2 Issue 5
Outstanding! India finally has it’s own international set of rankings. Great job guys!
It was high time that a reliable source actually created rankings. the only rankings we see our the sad Indian business schools all the time.
Was this ranking done after taking into account Indian student opinions as well? Or only foreign students?
Slowly Indian schools are making it big! Now we have 4 top ones here – IIM-A, ISB, IIM-K and SP Jain. I am not sure if SP Jain even should be included in these rankings as its more of a local school located in Mumbai.
Not so. SPJIMR is a national school using the same CAT as IIMs as the entrance exam.
Yes but its a newer school and doesnt have that kind of reputation as the IIMs. If SP Jain is included, then what about IMT, FMS and others in the North of India? Why only a Mumbai college?
It has got nothing to do with SP Jain being in Mumbai. As far as being new goes, ISB is the newest in the list from India. Being old or new doesn’t really make a difference, nor has it got anything to do with which part of India the B-School is located in. For example, both MIT and Harvard are both in Boston and in the top 10 here.
I just clicked on the pdf and the entire rankings are done in great detail. The one posted on rediff.com is very basic.
Any ranking will always put Harvard, Stanford and U Penn in the top. Others dont have a chance LOL
I saw the article in the DNA newspaper this morning. Everyone seems to be excited about Indian schools finally being ranked globally! Well done guys!
ISB doesnt belong here. It’s not as good as the other top business schools
cool to have Indian b schools
Am so proud to have a South African business school in the top 50! Well done University of Cape Town!
As usual we find more schools from China in the entire Asian region. China always dominates
This is by far the best segregation of colleges I have seen. Well done guys!
It’s great that recruiters are also polled. We need to select colleges based on what jobs we will get in the end.
I’m from Baruch College. How come Baruch does not feature in these rankings? If you can feature Thunderbird then why not Baruch?
Congrats to University of Cape Town! Well done!!
Is this the 2012 or 2013 ranking?
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