Best & Worst 2013 MBA Job Placement For International Schools

by John A. Byrne on

Shanghai Jiao Tong University (Antai) boasts a 100% placement rate

Shanghai Jiao Tong University (Antai) boasts a 100% placement rate

Applicants to the world’s best business schools are generally an opinionated bunch–and often their opinions can vary significantly. But one issue that is bound to elicit general agreement is that an MBA degree should get you a job and a pretty good one. So it’s worth examining how the best schools deliver on that promise to get their graduates hooked up with employers.

That kind of analysis tends to be easier among U.S. business schools because they are typically more transparent with both admission and placement stats than non-U.S. schools (see Best & Worst 2013 MBA Job Placement At Top U.S. Schools). But yesterday’s new Financial Times ranking of the world’s best MBA programs published on Jan. 26 unleashed a ton of data, including the percentage of MBAs with job offers or already employed three months after graduation. The FT puts only a 2% weight on this in its ranking methodology–precious little considering the importance applicants and students attach to gaining immediate employment from their considerable investment in the MBA degree.

CHINESE SCHOOLS LEAD THE WORLD IN HAVING THE BEST JOB PLACEMENT RECORDS

But the results, buried in the statistical profiles for the individual schools, are quite compelling. Not surprisingly, given the hot growth of the Chinese economy and the relative paucity of management talent in the country, three business schools in China lead all non-U.S. schools in placement. Shanghai Jiao Tong University reported a 100% employment rate three months after commencement, in all probability the only business school to have 100% placement in the world. Fudan University School of Management and Peking University were second and third, with 99% and 98%, respectively. CEIBs also did very well with 90% placement.

The two best records in Europe were at Germany’s Mannheim Business School, with a 96% placement rate, and London Business School, with a 95% placement record. Some of the other leading business schools in Europe had surprisingly lower numbers. IMD in Switzerland, for example, reported that only 78% of its latest graduating class had job offers or jobs three months after graduation. Even worse, only 61% of the graduating MBAs at Lancaster University Management School had offers or jobs three months after commencement.

In India, the school with the best placement record was not the most highly ranked Indian Institute of Management in Ahmedabad or the Indian School of Business, but rather the IIM in Bangalore. The school reported that 96% of its latest graduating class had job offers or jobs three months after graduation.

SURPRISINGLY A BRAZILIAN SCHOOL WAS DEAD LAST

Who was dead last in the jobs sweepstakes? Coppead Graduate School of Business in Brazil where only 27% of the graduating MBAs connected with a job, according to the data published by the FT. In fact, the five schools with the weakest numbers were in the U.K., Belgium, Portugal and Canada (see tables on following pages).

One caveat: These statistics are based on school surveys of their own graduates. The Financial Times wisely asks each school what percentage of their latest graduating class responded to the survey. As a result, you get a sense of the confidence with which to interpret the numbers. In general, the response rates are in the 90 percentage range. The lowest reported response rate was provided by the University of Strathclyde in the United Kingdom which based its seemingly impressive 94% placement rate on replies from only 61% of its graduates.

(See following page for our tables of the schools with the best and worst placement records of 2013)

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  • Untethered

    Why are you referring to these as ‘placement’ percentages? They are employment percentages. Nobody ‘placed’ these people anywhere. The best business schools DO NOT ‘deliver on the promise to get their graduates hooked up with employers’. The best business schools prepare their students both academically and through careers services to GET THEIR OWN JOBS. I work at one of these top schools and we recently did benchmarking involving most of these schools and I can assure you, none of us are offering anything close to a ‘placement service’. It’s ridiculous articles like this that force us to spend much of our time managing the expectations of students. Get your story straight before inferring that going to a top business school guarantees subsequent employment. Those looking to get an MBA need to know that beyond the academics they will be responsible for doing the hard work of landing a job. No one is handing them out.

  • JohnAByrne

    Of course no one is handing out jobs. But it is the legitimate expectation of a student who enters a professional school to come out with a job–and the school bears a very large responsibility for making this happen. If a school can’t measurably assist a student with this process, it doesn’t deserve to have the student among its applicants to begin with.

  • Brainie

    Here, the things to look at are 1) what sort of salaries were the LBS and INSEAD grads commanding before their MBA? 2) how many “more” years of experience do they have, going into bschool? 3) where geographically do they go post-MBA?, because these questions will reveal the possible potential % increase in salaries after MBA, living expenses & PPP in different countries where they get placed post MBA, which again affect salaries

  • Atulan

    I quite agree with John’s point here. Anything that’s not financially viable is not sustainable – including an MBA from an Ivy League school. Let’s be honest. The very reason students “risk” their lives by committing to huge tuition fees at these institutions is the lure of securing plum well-paying jobs at the end of the programme. Footing your educational bill is not too different from buying a home loan these days – at least that’s what I have been seeing ever since I finished my MBA some ten years ago. Cash is important, thick and fast. The more, the merrier. And the current economic situation does not help things either. I don’t think the business schools have a legitimate reason to cry foul when they charge a very very hefty fee and their students expect a well-paying job once they graduate.

  • poline

    compare these data with the top 30 or 40 US schools! again and again US MBA programs are miles and miles ahead of all. I really can not understand why the hell someone would waste his/her time and money attending schools outside US! thats very weird. and the ironic thing is that some of american cities are much cheaper living expenses than many international cities, yet, offer salaries that are nearly double of those so called international schools.

  • Jorge Pamies

    Spain????

  • LaughingTarget

    The administration may not place students, but it is the job of the administration to develop contacts, organize job fairs, promote their students, develop student interview skills, and prepare them for the task of getting a job. The top schools on this list do that.

    I agree, it isn’t the job of the school to get students employed, but it is their job to ensure the graduates have sufficient connection opportunities and know-how. This is where schools fail.

  • Untethered

    Hi John, First I must apologise for a bit of a rant in my first comment. You did hit a nerve with the use of the word ‘placement’ and that is really the issue – the word has heavy implications. I agree with both you and ‘Laughing Target’ that schools are responsible for connecting their students with opportunities and employers, and the good schools (including ours) do this. But, I respectfully disagree that a school is responsible in any way for the student getting a job. The number one complaint I hear from recruiters interviewing MBA grads is that they are arrogant and expect an offer simply because they have an MBA. I would ask publications like this to be more careful in their wording (you are in the business of words after all) in order that you do not set unrealistic expectations from prospective MBA students. We need our new MBA’s to walk through the door with the expectation that it is their personal responsibility to find a job and we are their partners in helping provide them with connections, opportunities, networking, CV and interview assistance as well as the many soft skills workshops. If the student knows it is up to them to make it happen, they can hit the ground running, ready to meet with prospective employers who may be on campus as soon as the second or third week into the programme. Finance deadlines are usually before the end of first term. If the student has realistic expectations of what it is going to take to get the job, and not some fantasy that they will be placed in their dream job at the end of the programme, we all have a much better chance of a great outcome. To sell it as anything different is not doing schools, the students, or indeed, the companies looking to recruit, any favours. I enjoy your publication – thanks for listening.

  • top5only

    Are you insane? Who would even call 30-40 ranked schools “top” 30-40 schools? And who would spend time and money to go to these 30-40 ranked lackluster US schools? I would take only top 5 global schools, HSW + INSEAD & LBS.

  • James

    You’re insane. Those crappy european schools are just money making operations. They don’t even come close to being as good as HSW.

  • McAvoy

    Why not? Maybe you are insane. As far as I can tell, whether it’s the FT ranking, the # of millionaires the schools produce, the # of CEOs of Fortune Global 500, and the caliber of faculty and students, it indeed seems INSEAD and LBS are as leading as HSW. It seems Wharton has exchange programs with INSEAD and LBS and with INSEAD, they seem to be actually in alliance for its research etc., above and beyond simply exchange partner schools.

  • Sunil

    You hit the nail on the head Atulan. Education loan is becoming something like a home loan these days. Had there been no prospect of a highly lucrative job offer on a global level, very few applicants would want to pay such hefty fees and go abroad when they can get excellent quality education from many B-schools in India itself. It is to get the extra brand that these students take such pains. The schools however are kind of like the American banks which during admission time would be international in outlook but during job offer, become national.

  • Diego

    I’m at Coppead Brazil. the 27% is explained by the fact that the financial time start its metrics right before student go to 6 months exchange program…

  • vin

    I dont understand why John has not included the average or median salary statistics when he was able to include % rise in salary…Can you please explain john..these statistics can be very misleading and look incomplete

  • II

    INSEAD troll detected

  • JohnAByrne

    This article tracks placement records–not salaries. If you want salaries and bonuses, look here:

    http://poetsandquants.com/2014/03/13/what-mbas-are-making-at-the-top-50-schools/

  • nji

    Business Schools play a major role in calibrating the attitude/expectations of MBA Students. Why do most top B-Schools not give out the % of International Students placed (avg. salary, whether they were company sponsored etc.)? If they did that clearly, the expectations of MBA Students would have been down to earth.

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