Poets&Quants Top 50 MBA Programs Outside the U.S.

by John A. Byrne on

London Business School came in first among 50 of the best B-schools outside the U.S. in the new 2010 ranking by Poets&Quants. France’s INSEAD was second, followed by IMD in Switzerland, and then IESE and IE Business Schools in Spain.

This new P&Q list is a composite of four major MBA rankings published by Bloomberg BusinessWeek, The Economist, The Financial Times, and Forbes. The ranking takes into account a massive wealth of quantitative and qualitative data captured in the five major lists, from surveys of corporate recruiters, MBA graduates, deans and faculty publication records to median GPA and GMAT scores of entering students as well as the latest salary and employment statistics of the latest graduating class.

By blending these rankings using a system that takes into account each of their strengths as well as their flaws, we’ve come up with what is arguably the most authoritative ranking of MBA programs ever published. The list, which includes the recently released 2010 rankings by BusinessWeek and The Economist, tends to eliminate anomalies and other statistical distortions that often occur in one ranking or another. In any case, the ranking measures the overall quality and reputation of the flagship full-time MBA programs at the schools, rather than the schools themselves.

After the U.S., Europe remains the best place to get a business education. Of the top 20 non-U.S. B-schools, seven are based in Britain, including the relatively new MBA programs at No. 9 Cambridge and No. 11 Oxford universities, along with three each in Spain and in France. Only one Asian school, China Europe International Business School (CEIBS) in Shanghai, cracked the top 20 list at 17th.

The ranking underscores the fact that Europe’s business schools have been gaining significant ground in recent years. For the year ending June 30, 2010, for example, European schools received more than 85,000 GMAT scores, an increase of 90 percent, or about 40,000 score reports from five years prior. The total number of GMAT scores sent worldwide increased by only 30 percent over the same five-year period.

Britain, France, the Netherlands, and Spain remain the top European destinations, receiving about 80 percent of the GMAT scores sent. But schools in five other countries—Germany, Switzerland, Sweden, Italy, and Greece—each received more than 1,000 score reports from prospective students. A majority (64 percent) of the GMAT scores sent to European business schools came from non-European examinees, especially from Indian and Chinese citizens. In fact, Indian citizens outnumbered local talent in some countries and were the leading source of talent in 2010 for schools in Britain, France, Spain, and Switzerland. Just 37 percent of scores from European test takers were sent to business schools in the U.S., the first year the proportion fell below 40 percent. A decade ago, more than 60 percent of scores from European test takers went to U.S. schools.

P&Q Rank & School Index BW Forbes* FT Econ
1. London Business School London, U.K. 100.0 5 1 1 19
2. INSEAD Fontainebeau, France 98.9 1 1 5 23
3. IMD Lausanne, Switzerland 98.7 7 2 15 6
4. IESE Business School Barcelona & Madrid, Spain 98.1 12 3 11 5
5. IE Business School Madrid, Spain 97.9 3 3 6 22
6. HEC Paris Paris, France 93.6 14 7 18 9
7. ESADE Business School Barcelona, Spain 93.4 4 8 19 20
8. Cranfield University Cranfield, U.K. 89.9 13 9 26 15
9. Cambridge (Judge) Cambridge, U.K. 89.7 10 4 21 30
10.York University (Schulich) Ontario, Canada 85.4 9 6 54 10
11. Oxford University (Said) Oxford, U.K. 77.7 16 5 16 71
12. University of Manchester Manchester, U.K. 75.1 17 2 40 61
13. SDA Bocconi Milan, Italy 72.3 18 8 38 65
14. City University (Cass) London, U.K. 53.6 NR 6 41 53
15. McGill University (Desauteis) West Montreal, Canada 49.1 11 11 95 NR
16. Lancaster University Lancaster, U.K. 48.3 NR 7 24 89
17. CEIBS Shanghai, China 46.9 NR 4 22 100
18. HEC Montreal Montreal, Canada 46.4 15 10 NR NR
19. EM Lyon Lyon, France 41.6 NR 11 97 38
20. Australian School of Business Sydney, Australia 41.1 NR 9 36 NR
21. Toronto (Rotman) Toronto, Canada 39.3 8 NR 45 NR
22. Western Ontario (Ivey) Ontario, Canada 38.6 6 NR 49 NR
23. Hong Kong UST Kowloon, Hong Kong 37.1 NR NR 9 52
24. British Columbia (Sauder) Vancouver, Canada 34.7 NR 10 82 79
25. Warwick Business School Coventry, U.K. 33.4 NR NR 42 34
26. Erasmus (Rotterdam) Rotterdam, The Netherlands 31.8 NR NR 25 57
27. Nanyang Business School Singapore 28.1 NR NR 27 69
28. Chinese University of H.K. Hong Kong 27.6 NR NR 28 70
28. IPADE Business School Mexico City, Mexico 27.6 NR 5 93 NR
30. Queen’s School of Business Kingston, Ontario, Canada 26.3 2 NR NR NR
31. University of Strathclyde Glasgow, UK 26.0 NR NR 51 75
32. University of Melbourne Melbourne, Australia 25.2 NR NR 63 41
33. Indian School of Business Hyderabad, India 23.6 NR NR 12 NR
34. Bath School of Management Bath, U.K. 22.7 NR NR 87 29
35. Henley Business School Reading, U.K. 22.0 NR NR NR 17
36. Hult International Business London, Shanghai, Dubai 21.8 NR NR 94 27
37. Manheim Business School Manheim, Germany 19.9 NR NR NR 26
38. UCD Dublin Business School (Smurfit) Dublin, Ireland 19.6 NR NR 98 31
39. Durham Business School Durham, U.K. 19.4 NR NR 74 55
40. Imperial College West London, U.K. 18.3 NR NR 32 NR
41. Vierick Leuven Gent Leuven & Ghent, Belgium 17.9 NR NR 87 47
42. Birmingham Business School Birmingham, U.K. 15.5 NR NR 75 68
43. Aston Business School Birmingham, U.K. 14.6 NR NR 73 74
44. University of Hong Kong Hong Kong 14.0 NR NR NR 48
45. EDHEC Business School Lille, Nice, Paris, France 13.8 NR NR NR 49
46. University of Monaco Monaco 13.3 NR NR NR 51
47. Monash University Melbourne, Australia 11.4 NR NR NR 58
48. Grenoble Graduate School Grenoble, France 10.3 NR NR NR 62
49. Macquarie Graduate School Sydney, Australia 10.2 NR NR 99 64
50. University of Edinburgh Business School Edinburgh, U.K. 9.8 NR NR 89 75

Methodology: Schools on each of four major rankings–BusinessWeek, Forbes, The Financial Times, and The Economist– were scored from a high of 100 to a low of 1, the numerical rank of the 100th school on any one list. Then, those sums were brought together.

  • Ramesh

    What about the IIMs in India? Surely the ISB Hyderabad cannot trump all of them?

  • http://www.ebsglobal.net Brian

    Hi, could you clarify whether the listing for Edinburgh Business School (#50) is Edinburgh Business School, Heriot Watt University or University of Edinburgh Business School?

    Thanks.

  • Sian

    I don’t understand the methodology used here? Does it really work to run a ranking on a ranking – surely the fact they all have different and sometimes contradicting criteria means that this is just nonsence data??

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Sian,

    The methodology is clear: it is a composite of the five most influential rankings published on the best business schools in the world. As to your question about whether it really works, I believe it works significantly better than any one of the five rankings on their own. Why? Largely because it does smooth out the statistical quirks and anomalies that are present in any one of the five rankings. And while it’s true that some the data might be contradictory, that is true of the methodology of every single ranking. Student satisfaction is often at odds with academic research in the BW and FT surveys. Starting compensation often is at odds with recruiter satisfaction in the U.S. News survey because companies might rate some schools higher because their grads get more reasonable salaries than MBAs from the very best schools such as Harvard and Stanford. Yet, each of these measures is by and large an indication of “quality.” Fact is, to the extent these five influential surveys impact the actual brand image or reputation of the schools, combining them in a sensible way gives one the clearest and most direct measure of brand image and reputation. Frankly, that’s what rankings tend to be used for–for applicants to judge the image and reputation of the school, not the actual “quality” of the institution which may or may not be fully reflected in the strength of the brand. Hope this helps.

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Brian, it’s the University of Edinburgh Business School which is ranked by both the FT and The Economist.

  • http://www.gmail.com amit

    what about vlerick business school at ghent belgium

  • Nick

    I don’t understand your rankings methodology –

    28. IPADE Business School NR 5 93 NR
    30. Queen’s School of Business 2 NR NR NR

    If you take the average rank of these schools, IPADE is 49 whereas Queen’s is 2.

    Wouldn’t it make more sense to base the score on the rankings in which the schools chose to participate in rather than including NRs that drastically reduce a school’s score?

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Nick, I don’t think so and here’s why. If a school is only ranked by one of the four majors, it says something about the school. There are a lot of statistical quirks in all of these rankings. BusinessWeek’s extremely high rank for Queen’s when the school fails to get even a low rank from Forbes, the FT and The Economist should make you skeptical. A school that is consistently ranked across all the major surveys should be rewarded for that. And that’s exactly what happens in our methodology.

  • Nick

    Yeah, I guess you’re right. It’s a shame the Dean opts out of the rankings every year…

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Nick,
    If the dean is opting out of these under rankings yet participating in one, I would ask the inevitable question why? I suspect it’s because the dean is smart enough to know that the methodologies of the other rankings would hurt the school. Much better to have one high ranking and say you don’t participate in the others than to either have very low results from others that call BW into question or get excluded altogether. Thanks for coming to the site and engaging.

  • Nick

    Thanks, and your points make a lot of sense. Thanks for your reply.

    From your experience, how is BW as a b-school rankings? My views about Queen’s School of Business are rather biased as a QSB undergrad student.

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Nick,

    You and I have the same handicap. I created BusinessWeek’s ranking in 1988 so I suppose some can accuse me of bias in thinking very highly of the methodology. The reason I like the BW system is because it puts into the marketplace data that would otherwise be unavailable to applicants: essentially customer satisfaction of the graduates and the corporate recruiters who hire them. About 10% of the ranking is based on a BW generated measure of intellectual output by the faculty. By and large, however, this is pure customer satisfaction–no GMAT or GPA scores, selectivity, compensation, employment rates, faculty makeup, etc., that is used by most other rankings. The BW system, however, is far from perfect: it’s dependent on people filling out surveys honestly when they may have either an ax to grind or a reason to be a cheerleader. BW looks carefully at the data but anomalies occur. See our analysis of the recent extremely high rank BW has given to Southern Methodist’s Cox School of Business: http://poetsandquants.com/2010/12/14/poetsquants-top-100-mba-programs-in-the-u-s/4/

    And for a review of the strengths and flaws of all the major rankings, see our ranking of the rankings: http://poetsandquants.com/2010/06/28/turning-the-tables-ranking-the-mba-rankings/

  • Anshul

    Can i know how is Nottingham University Business School.I also have an offer from Strathclyde Business School in Masters in International Management.

  • MBADude

    Dear Anshul,

    Nottingham University Business School is a good school. If you feel that it will help you achieve your goals then you must defnitely go for it.

    Incase you wish to connect with current students or recent graduates at this university then I would recommend that you visit and Register on BusinessBecause.

    Nottingham University Business School has a profile page with BusinessBecause, check here (http://www.businessbecause.com/nottingham-university-business-school.htm). On this page they showcase the latest news and stories from within the school. There are also a number of students who are currently in NUBS who can be contacted using the network

    Good luck to you

  • Abhinav

    1. While the Warwick Business School is ranked at 25, but i have heard alot about it.. .and more in consulting domain
    2. What do u think is hte disconnect in the Econ rankings from other rankings … Oxford – 71(Econ) otherwise 16 … Lancaster – 89 (Econ) … otherwise 24 & 7 …. and more importantly… Cranfield is ranked higher than Oxbridge … Lancaster and Machester…
    3. Can you tell which is the specialization & USP of – manchester, Lancaster, Warwick, Cass

    Appreciate your inputs..

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Abhinav,

    I comment on the differences among the various ranking systems, including The Economist, in this article: “Turning the Tables: Ranking the Rankings.” I think you’ll find it interesting and worthwhile given your question.

  • tarik

    I’d like to see an article comparing INSEAD and LBS and article comparing INSEAD to a top (maybe the most similar) B-School in the US

  • tarik

    How hard is it for an INSEAD graduate to work in the US? assuming that person is american citizen/resident

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    We’ll certainly being do that smackdown as well as INSEAD vs. IMD and LBS vs. IMD.

  • Ali Aurangzeb

    How has Grenoble MBA performed internationally? It’s been 15 years since they started this program and it has received acceptance worldwide. How do you foresee Grenoble in the next 5 years?

  • Sudhanshu

    Sir, the rank of ISB, Hyderabad in this list is quite contradictory to its rank in FT. Is it because none of the other rankings have mentioned about it or there is any other reason for giving it such a low rank here?

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Sudhanshu,
    Our ranking system awards MBA programs that are more widely recognized as superior (the theory being that wider recognition of a school’s quality increases the reliability of our rank). Our system also tends to diminish the impact of results that are anomalies–a frequent occurrence in various rankings due to the nature of statistics and what exactly is measured by the methodology. Of the four major organizations that regularly rank international business schools, only the FT acknowledges ISB as being one of the best institutions. The school is not ranked by The Economist, BusinessWeek, and Forbes. That would tend to dilute the FT ranking of 12th place. Hope this helps to answer your question.

  • Pfft

    Cranfield University outranks Cambridge Judge and Oxford Said?? Pftt……..

  • DineshN

    Are there any statistics available on how students from European schools have fared in regards to securing a job offer in the US if they were not a US citizen to begin with? I am a 31 year old Indian male who has considerable experience working in the US, I want to apply to schools in the UK but I am not sure how well connected their network is in the US..Any info is appreciated

  • bryancwk

    Here is the link to FT’s Global MBA Rankings 2011, hot off the press:

    http://rankings.ft.com/businessschoolrankings/global-mba-rankings-2011

  • Ali Aurangzeb

    How has Grenoble MBA performed internationally? It’s been 15 years since they started this program and it received acceptance worldwide. How do you foresee Grenoble in the next 5 years?

  • Roger

    Did the dean of Queen’s business school ever made public the reasons for not including Queen’s on other rankings, even if it gets ranked in top 50 on FT, Mr Saunders should be happy about it.

  • George

    I’m quite curious about the ranking of Hult IBS #37 on your list. The FT I believe just had a press release that HULT IBS moved up to the 60s from the 98th rank. Would this place the school above Warwick Business School in your ranking?

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    George,

    I don’t believe so because the addition of The Economist ranking in our composite system of rating schools would tend to diminish to some degree the Hult rise and the Warwick decline in the 2011 FT ranking. That said, you should be extremely wary of any ranking in which a school can move more than 30 places in a single year as Hult did in the FT survey. If you are choosing between these two schools based purely on reputation and rank, I would go to Warwick. But you owe it to yourself to visit both, speak with students, monitor a class or two, and then decide. Good luck.

  • http://poetsandquants.com/members/akumar/ Ayush Kumar

    Hello John,
    Thank you for creating the Poets&Quants ranking… Its always a helpful tool in preliminary analysis of where should one apply. I am looking forward to an MBA from Europe and I will really appreciate if you could to bring up a smackdown on INSEAD vs. IESE, LBS vs. IESE and IMD vs IESE. Spain has been really doing good as far as B school ranking goes. IESE, IE as well as ESADE have been ranked pretty high in all rankings. So some light with the comparisons there will be really helpful.

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Ayush,

    Agree. Your suggested smackdowns all need to be done. I just need to find the time to do them! Soon, I hope.

  • Roger

    John,

    Why does Businessweek not rank schools in India? Could you please share some information surrounding that? Is it because these schools don’t want to participate or they do not have data that BW requires or is it because BW considers them not worthy of rankings at all. The reason I say this is because while FT goes down all the way to 100, BW ranks only top 20 or 30 schools outside US and maybe a few more in the US. Also, if FT were to rank Queen’s can we make a reasonable assumption that it would be between 40 & 60 as most of the equivalent Candian & Australian B-schools are ranked in that range.

    Does your ranking give equal weightage to each ranking to come up with a average ranking? Or does your ranking have a predisposition to rank some qualities of a business school higher than other qualities? Example, number of female faculty should have no bearing on the quality of the business school & hence a ranking that gives weightage to this attribute should take a beating in your ranking. Can we not do a survey of what attributes do people (students, recruiters, faculty, observers) think are important and then use the data from all the surveys to come up with a ranking?

    I know these are a lot of questions but I would really enjoy hearing your and others’ opinion.

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Roger,
    It’s not only BusinessWeek that doesn’t rank Indian business schools. The truth is that even the FT and The Economist don’t. To have only one or two Indian schools on the FT and The Economist lists pretty much tells you they aren’t ranking them, either, especially after you account for the fact that those lists are much larger than BW.

    Here’s what I think: there is always a lag factor in recognition of any kind. It takes a number of years for a very good institution to get accepted as very good. It doesn’t happen over night. The dramatic improvements in the quality of business education in India and China will take many more years to get recognized. Conversely, institutions in decline get more time before the public recognizes that they are in trouble.

    Finally, the Poets&Quants ranking does take into account the strengths and flaws of each of the major ratings so that one that uses some metrics that have little or nothing to do with quality will have less weight. The example you give on female faculty or female students–a metric measured by the FT–is just one of many reasons why we don’t think the ranking by the Financial Times is as credible as it could be.

  • Roger

    John,
    Thanks for engaging with the visitors of your website. I have one more question (the one about Queen’s still awaits your thoughts :) ) regarding Canadian schools? Some of these schools have been around for a very long time, still these schools don’t fare very well on any ranking. What could be the reasons for this? Canadian economy/lifestyle cannot be the only reason, could it be? Some schools from China and India have soared very high in rankings, do you see any reason other than salary for this surge in the rankings, especially when the programs in Europe, Canada & Australia have been around for longer.

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Roger,
    I think at least in the FT survey, North American schools are penalized in the survey due to the methodology. For example, some of the key metrics in the FT system measure the percentage of faculty who are “international” and how “international” the board is at the school. Because European countries are so small in size, it stands to reason that a greater number of passport holders–especially faculty–would be at each of the European schools than would be the case at the North American schools. So a school like Queens is penalized as a result. As for why the Canadian schools don’t fare all that well in other rankings, I’m not so sure: The Rotman School at the University of Toronto, the University of Western Ontario, Queens, and McGill all have outstanding business schools.

  • Pallav

    Roger,

    Its only now that Indian schools have woken up to getting accreditations. ISB has applied to get the AACSB accreditation. Without these, schools cannot be ranked accurately. Consider this – Johns Hopkins U set their full-time business program – the Carey Global MBA, about 4 years back. It would take years for them to get accredited, even with access to the infrastructure of the world’s #1 research university. You would not even find them in any list. But when they do get accredited, for sure you would find them within the top 30 schools globally. They carry the Johns Hopkins brand name and access to quality infrastructure and faculty, are located in a strategic place that is close to DC, NYC, Boston. They’d for sure be better off than many ranked schools that do not have direct access to job markets or are not located in major industry/business hubs.

  • Roger

    Pallav,

    There are 3 major accreditation, north American AACSB, European EQUIS and Association of MBAs which is the UK one. Not very many schools are accredited by all and its possible that not every business school aspires to be accredited by all the bodies. Not sure how much of part does accreditation play in various ranking methodologies, but your point can be applied to Western Ontario’s Richard Ivey school of business which isn’t accredited by AACSB in spite of the school being among the oldest programs in North America and a very good Canadian program with a massive regional reputation. Still it ranks low in most rankings but that doesn’t explain the low ranking of Queen’s which is triple accredited.

    I do agree that John Hopkins program will see a rise in rankings in coming years but I cannot comment on how much of that surge can attributed to accreditation, the fact that it is a program affiliated to a US University with a tremendous global reputation and its location as you pointed would be of more benefit.

  • kalyan

    Hi John,

    I would like to ask your opinion on Grenoble graduate school. I Have got an offer for this sept2011 intake. and can i rely completely on BW ratings ?? as this school is in NR in BW and 62 in economist ratings. All the Numbers seems to be good such as % employment, faculty, student background etc., in BW. but then, raises a question that is it a realistic figure !!

    it would be highly appreciated if you can give some brief info..

  • Erica

    Hi JohnOn because you know so much about MBA, I’d like your opinion about doing the MBA on a different campus.
    I chose a French School but the campus is in London.

    Do you think the environment and level of teachers/material can be highly impacted on a different campus (in other country) comparing to the “original” one, where you have the whole structure behind it?

    Thanks a lot.

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Erica,
    It’s hard to answer this question without knowing more detail. Some schools fly in the same professors who teach on their main campus to satellite programs so the quality of the faculty is the same. I would worry about their overall accessibility to students, though. I also would ask about the quality of the student pool in a satellite program. Is it equal to the class on the main campus or somewhat diluted? And I would directly meet the key administrators of the program and come to my own view about their quality. If you’re satisfied, I would go. If you have any concerns at all, I would reconsider.

  • Erica

    Thanks, John!

  • http://none Ah there you go IIMS VS HARS AND STANS!

    Imperial college at 40? you guys are kidding right? It is next to ox,cam in UK! It is more like berkley of uk( they claim mit of uk. But cambridge anyone?) These ranking are totally skewed( they seem to differ as much as 50 places between different ranking agencies).
    The ranking game should stop. MBA has become a number game rather than what kind of quality and difference you make to the company should be the bottom line!
    The high cost of tution is the root cause of all this( USA schools are the sole culprit who started this( ranking,job stastics, the hype and the hoopla just like some of these credit agencies and look what happened eventually!) None of the top 100 usa schools charge less than 100k for a this degree! An mba is no match for a tech degree from any part of the world so to speak).
    The youth are being taken for a ride and this game continues! If it takes 3000 hours to get inn and 10000 hours to get out and another 25000 hours to pay off the debt. When you will you have energy to create any master piece at all and thrive without burden?
    Has any authors who are party to this game can answer me that?

  • David

    Hi John,

    The rankings available in Poets & Quants are useful if we were comparing all the non-US MBA programs or all the US MBA programs.

    However, how would you advise if one needs to decide between the MBA programs in the States and those in Europe (e.g. the M7 programs vs INSEAD, LBS, Oxford)? What would be some of the considerations one would need be aware of, other than the duration of the programs? My main concern would be the branding I receive from my MBA education.

    Thanks.

  • Rishabh

    Hi John,

    I would really love to see your review on Manchester Business School. Will it be possible for you to please provide your views?

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Not anytime soon, unfortunately. We’re still a relatively new website and building out our content. There are a lot of other business schools that we have yet to write substantial profiles on. We’ll get to Manchester, for sure. But it may take some time. Sorry about that.

  • Rishabh

    Thanks for you reply John. I understand your position. Basically, I have got an offer from MBS and I want to know how do people outside UK feel about it. I know its not a top school but still it would be good to know about its brand value and its perception in the corporate world. Given that you have been into business of evaluating b-schools, if you know some other sources for this kind of info, it will be great!

  • ganon

    I’m a little biased as a student at Schulich, but was happy to see it placed well in this ranking, as it has in other top rankings (FT, BW, Forbes). Wondering what the reputation of such an institution (and similarly ranked ones) is in the states?

  • MBA2011

    Hi,

    First, congrats for the very useful tool.

    Just would like to know if the P&Q Rank will be updated based on the FT2011 ranking.

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    MBA2011,

    Yes, indeed. We’ll update later this year when the latest results are in from every ranking that gets refreshed this year.

  • Ricky

    I think Rotterdam , Netherlands is a much better school among the non-US schools on many parameters as compared to Manchester, Mc Gill, Lancaster, sauder etc which are ranked higher in this list. have interacted with a few alumni and everyone seems to praise the program. the only weak link was their career services, which received a lot of flak from the alumni, but it seems RSM has revamped the entire career cell over the past couple of years to overcome that shortcoming.

    John, your views ?

  • Kyle

    Thanks for this great list. It’s really helpful.

    I have a question though. Are the rankings from the four magazines the only factors?

    If so, I can’t figure out why Mannheim Business School (ranked 26th by the Economist but not ranked by the others) is not on the list. Shouldn’t it be ranked ahead of the University of Hong Kong (ranked 48th by the Economist but not ranked by the others) or EDHEC Business School (ranked 49th by the Economist but not ranked by the others)?

    Can someone please help explain?

  • Kyle

    Nevermind! I found Mannheim on the list now. For some reason my “control F” search function didn’t seem to find it earlier. Apologies.

  • wannabe

    i don’t understand why lbs can be better ranked than insead? other than being in london, lbs is inferior in every other aspect. any explanations?

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    The Financial Times’ ranking shows that London Business School is not only more highly ranked than INSEAD, it is more highly ranked than Harvard or Stanford. It’s simply a function of the newspaper’s methodology which places some quirky and odd value on things that are not indicative of quality or reputation.

  • http://www.sternassociates.com Jen

    Thanks for the comprehensive list! How often do you publish these rankings?

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Once a year. We’ll update this ranking in early November, two weeks after The Economist publishes its 2011 ranking.

  • Richard

    Hi John,

    I am looking to your Rankings with a big interest. I guess it makes sense.

    However, I feel that there might be one inconsistency in the methodology.
    You are separating the ranking between US and outside the US but you are still applying the global rank in case of FT and Econ. Would it not make more sense to use the “outside the US rank” of FT & Econ instead? For example, in case of FT, LBS 1st, INSEAD 2nd, IE 3rd,…. I believe the same comment could also apply to your US ranking? What do you think?

    In addition, concerning Forbes ranking, LBS ranked #1 has a much worst ROI compared to IMD ranked #2! I feel it is strange to use this ranking in that way, especially since the ROI value is available and it should be then possible to compile an overall Forbes ranking of 1y program and 2y program in case of the “outside the US” ranking.

    I would be happy to here your answer and I am looking forward for the 2011 Poets&quants ranking!

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Richard,

    Yes, it probably would make sense to isolate the U.S. schools from the non-U.S. schools in rankings that are completely global. On the other hand, it won’t change the composite ranking at all because all schools are similarly advantaged or dis-advantaged depending on your point of view. In our next ranking, however, we’ll do this to simplify the ranking and remove any doubt about this part of the methodology.

  • sultan

    IMD ranking has been changed, in the economist from 6 to 3, and in the forbes from 2 to 1 this year. please update..this school is a real BUSINESS school.

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Sultan,

    We’re in the process of updating and will release those results shortly.

  • Mike

    Whoa… since when York is making lists? What happened to UofT? I thought UofT is Toronto’s Mcgill and York is the Concordia…

  • sultan

    John,

    why didn’t you update this list, IMD position got changed. and could you please provide more insights on this school? I just wonder why isn’t that famous as others?

  • Said Mohammad

    Hello John! Do American employers and employers in developing countries see a European MBA as being on par with an American MBA? I know it’s a very general question so even if you give me your instinctive reaction to that question, I will take that into account.

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Said,

    That really depends on which school you get the MBA from. In general, I would say no. But London Business School, INSEAD, IMD, HEC Paris, ESADE, IE and IESE all have very strong MBA programs. My personal belief, however, is that they do not line up all that well with Harvard, Stanford, Wharton, Chicago, Northwestern, MIT, Columbia, Dartmouth, or Berkeley.

  • Tia

    Hi John, I need to decide between IESE and UCLA Anderson. I am from India, and open to working in the US and Europe post an MBA. Which school according to you will give me a better overall experience, and have a better brand recognition. Any insights will be very helpful. Thanks!

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Tia,

    That’s a great choice of schools. Congrats. So it really comes down to where you would prefer to work ( though I know in the U.S. at least this can be more complicated due to visa restrictions): Europe or the U.S. if it’s the former I wouldn’t have a moment of hesitation in attending IESE. It is a superb business school, one of the very best in Europe. The school has a strong brand in Europe and that brand has gotten considerably stronger in recent years. I have never personally visited IESE, but my limited contact with the school has been very positive.

    As for UCLA, that would be the better bet if you want to work in the U.S. it’s a terrific MBA program in a spectacular location, and very well known. California is still a golden place due to entertainment, high tech, biotech, and alternative energy.

    In other words, whatever you choose, you can’t go wrong, as long as you know where you would prefer to work. Good luck!

  • limo

    @Tia

    both are good schools and John has told you helpful info, however, I believe UCLA can serve u inside and outside US, but not vice versa with IESE. US schools still ahead of the others generally in MBA industry..

  • limo

    @John,

    How can I find information about how much MBAs education worth worldwide? I am very interesting in this industry and didn’t find trusted and reliable source about it from financial standpoint?

  • sunny_dreamz

    Hi John,

    I need your HELP in deciding between British Columbia (Sauder) and McGill University (Desauteis) for pursuing MBA. Both will be costing me the same in terms of fee + living expenses. Please suggest which of these offer a better MBA program considering that I plan to pursue my career into consulting. Which is more reputed and considered better by employers in Canada/USA? Also, it would be great if you can offer some insight on the strengths and weaknesses of these MBA programs.

    Thanks for your guidance/help!!

  • sunny_dreamz

    Please Help !!!

  • sunny_dreamz

    Hi John, I need an urgent help on my queries. Thanks!!

  • Orla Wrynn

    Hi John.  Could you correct the school name for UCD above?  It should be listed as University College Dublin (Smurfit) Dublin, Ireland

  • Ron

    Hi John… Thanks for all the hard-work to assist people with their MBA decisions. Like others, i am also in a fix, and your point of view will be highly appreciated. I got MBA offer from some European schools but shortlisted Lancaster and Smurfit (UCD), but unable to decide between these two. UK visa is getting tougher for foreigners, so despite Lancaster positioned better than Smurfit in rankings, would Smurfit be a better option as it is based in Ireland which is right now more friendly to foreigners? Thanks!

  • Praneet07

    I guess ESSEC is missing from the list. It has a great MBA program. And one of the best in france after INSEAD and HEC.

  • http://twitter.com/compusential Yang Pei

    Based on the rankings here, I should have gone to Cass… but I chose Imperial instead. Uni reputation is usually quite biased in different countries. If you live in London, try asking 100 random people, and see if they know Cass :)

  • sam

    where are ISB and IIM from India

  • Wolly

    With Manchester Business School, what you is the best of the best. One of the most rigorous and practical MBA programs out there. Every bit of the program challenges every fibre of your brain. Definitely at par with Harvard, Kellog, Stanford, MIT Sloan, IMD, INSEAD. Makes you as hot as the best brands out there can be. Good value for money. Overall experience worth it!

  • Martin

    All true, but since the US is so large schools there will get easily recogniced by employers and students while schools for small countries would be more unknown, specially if not a English speaking country.

  • MBAGradinNH

    Please spell it Mannheim, not Manheim. Thank you.

  • FrenchMBA

    I am sorry John, i don’t agree with you at all. How can you place schools with tremendous international reputation & great student quality like Imperial College, Smurfit, ISB, Rotterdam, Ivey, Nanyang, Melboure BSchool, Rotman & AGSM below EM Lyon, which is a typical French school with no reputation beyond French boundaries and a disgraceful yet popular MBA program. I just don’t get it. Please don’t mislead prospective MBA candidates.

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