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

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.

  • 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.

  • MBAGradinNH

    Please spell it Mannheim, not Manheim. Thank you.

  • 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.

  • 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!

  • sam

    where are ISB and IIM from India

  • 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 🙂

  • 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.

  • 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!

  • Orla Wrynn

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

  • sunny_dreamz

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