THE FINANCIAL TIMES DOES NOT MEASURE THE ACTUAL QUALITY OF INCOMING MBA STUDENTS IN ITS RANKING.
The methodology, moreover, does not include the three most important criteria to judge student quality: undergraduate grade point average, GMAT or GRE score, and finally pre-MBA compensation. U.S. schools tend to have significantly higher mean and median GMATs than non-U.S. schools so the lack of this measurement tends to diminish the ranking of U.S.-based institutions in the FT list.
Nonetheless, winners are understandably enthusiastic when the Financial Times highly recognizes a school. Professor Sir Andrew Likierman, Dean of London Business School, said in a statement: “We are very proud to have retained the top spot. This is a great tribute to everyone associated with the School who has helped us maintain our quality.”
London said the rankings highlight the global nature of its school, with specific reference to the high proportion of international students (92 percent) and faculty (85 percent). The school reported an employment rate of 91 percent for MBA graduates within three months of graduating in 2010, a ten percentage point increase on the 2009 figures. London also took the second spot for aims achieved, highlighting that the school delivered on the students’ objectives.
2011: THE TOP 50 FULL-TIME MBA PROGRAMS ACCORDING TO THE FINANCIAL TIMES
| School & FT Rank | P&Q | BW | Forbes | News | Econ |
| 1. London Business School | 1 | 5 | 1 | NR | 19 |
| 1. Pennsylvania (Wharton) | 4 | 3 | 5 | 5 | 8 |
| 3. Harvard Business School | 1 | 2 | 3 | 1 | 4 |
| 4. INSEAD | 2 | 1 | 1 | NR | 23 |
| 4. Stanford | 2 | 5 | 1 | 1 | 7 |
| 6. Hong Kong UST | 23 | NR | NR | NR | 52 |
| 7. Columbia | 5 | 9 | 6 | 9 | 12 |
| 8. IE Business School | 5 | 3 | 3 | NR | 22 |
| 9. MIT (Sloan) | 8 | 10 | 14 | 3 | 13 |
| 9. IESE | 4 | 12 | 3 | NR | 5 |
| 11. Indian Institute of Mgt. | NR | NR | NR | NR | 85 |
| 12. Chicago (Booth) | 3 | 1 | 4 | 5 | 1 |
| 13. Indian School of Business | 33 | NR | NR | NR | NR |
| 14. IMD | 3 | 7 | 2 | NR | 6 |
| 15. New York (Stern) | 12 | 18 | 17 | 9 | 14 |
| 15. Yale School of Mgt. | 14 | 21 | 10 | 11 | 24 |
| 17. CEIBS | 17 | NR | 4 | NR | 100 |
| 18. Dartmouth (Tuck) | 6 | 14 | 2 | 7 | 2 |
| 18. HEC Paris | 6 | 14 | 7 | NR | 9 |
| 20. Duke (Fuqua) | 10 | 6 | 13 | 14 | 28 |
| 21. Esade Business School | 7 | 4 | 8 | NR | 20 |
| 21. Northwestern (Kellogg) | 7 | 4 | 8 | 4 | 16 |
| 23. Singapore School of Business | NR | NR | NR | NR | NR |
| 24. Michigan (Ross) | 13 | 7 | 18 | 12 | 25 |
| 25. California-Berkeley (Haas) | 9 | 8 | 12 | 7 | 3 |
| 26. Cambridge (Judge) | 9 | 10 | 4 | NR | 30 |
| 27. Oxford (Said) | 11 | 16 | 5 | NR | 71 |
| 28. SDA Bocconi | 13 | 18 | 8 | NR | 65 |
| 29. Manchester Business School | 12 | 17 | 2 | NR | 61 |
| 30. Cornell (Johnson) | 15 | 13 | 7 | 18 | 33 |
| 31. UCLA (Anderson) | 17 | 17 | 19 | 15 | 37 |
| 32. City University (Cass) | 14 | NR | 6 | NR | 53 |
| 33. Nanyang Business School | 27 | NR | NR | NR | 69 |
| 34. Cranfield School of Mgt. | 8 | 13 | 9 | NR | 15 |
| 35. Australian School of Business | 20 | NR | 9 | NR | NR |
| 36. Rotterdam (Erasmus) | 26 | NR | NR | NR | 57 |
| 37. Imperial College | 40 | NR | NR | NR | NR |
| 38. Emory (Goizueta) | 20 | 22 | 22 | 27 | 36 |
| 38. Georgetown (McDonough) | 23 | 33 | 31 | 24 | 50 |
| 40. Maryland (Smith) | 36 | 42 | 29 | 45 | NR |
| 41. Lancaster Management School | 16 | NR | 7 | NR | 89 |
| 41. Virginia (Darden) | 11 | 11 | 9 | 13 | 11 |
| 41. Carnegie Mellon (Tepper) | 16 | 15 | 23 | 16 | 21 |
| 44. Rice (Jones) | 27 | 29 | 47 | 39 | 41 |
| 44. Texas A&M (Mays) | 29 | 30 | 24 | 33 | NR |
| 46. Toronto (Rotman) | 21 | 8 | NR | NR | NR |
| 46. Western Ontario (Ivey) | 22 | 6 | NR | NR | NR |
| 46. Illinois-Urbana-Champaign | 45 | 46 | 63 | 42 | NR |
| 49. Texas-Austin (McCombs) | 19 | 25 | 11 | 16 | 43 |
| 49. York (Schulich) | 10 | 9 | 6 | NR | 10 |
| 51. Vanderbilt (Owen) | 28 | 37 | 30 | 36 | 46 |
| 52. Rochester (Simon) | 35 | 43 | 37 | 27 | 93 |
| 53. Melbourne Business School | 32 | NR | NR | NR | 41 |
| 53. California at Irvine (Merage) | 56 | NR | 58 | 36 | NR |
| 55. Durham Business School | 39 | NR | NR | NR | 55 |
| 55. Vierick Leuven Gent | 41 | NR | NR | NR | 47 |
| 57. McGill (Desautels) | 15 | 11 | 11 | NR | NR |
| 58. Warwick Business School | 25 | NR | NR | NR | 34 |
| 59. Penn State (Smeal) | 42 | 44 | 28 | 48 | 56 |
| 60. University of Cape Town GSB | NR | NR | NR | NR | NR |
| 61. Hult International | 36 | NR | NR | NR | 27 |
| 62. North Carolina (Kenan-Flagler) | 18 | 16 | 15 | 21 | 40 |
| 63. Wisconsin School of Business | 30 | 34 | 35 | 27 | 54 |
| 64. IPADE Business School | 28 | NR | 5 | NR | NR |
| 64. Southern California (Marshall) | 22 | 26 | 32 | 20 | 18 |
| 64. Iowa (Tippie) | 48 | NR | 20 | 42 | 66 |
| 64. Arizona State (Carey) | 46 | 49 | 56 | 27 | NR |
| 68. SP Jain Center of Mgt. | NR | NR | NR | NR | NR |
| 68. Boston University | 37 | 38 | 61 | 31 | 42 |
| 68. Thunderbird School | 53 | 45 | NR | 62 | 80 |
| 68. Birmingham Business School | NR | NR | NR | NR | 68 |
| 72. Ohio State (Fisher) | 40 | 32 | 39 | 21 | NR |
| 73. Indiana (Kelley) | 21 | 19 | 25 | 23 | 35 |
| 74. Strathclyde Business School | 31 | NR | NR | NR | 75 |
| 74. Purdue (Krannert) | 38 | 41 | 45 | 36 | 90 |
| 74. Boston College (Carroll) | 43 | 50 | 46 | 39 | NR |
| 77. INCAE Business School | NR | NR | NR | NR | NR |
| 78. Wake Forest (Babcock) | 41 | 48 | 34 | 46 | 59 |
| 78. Univ. College Dublin (Smurfit) | 38 | NR | NR | NR | 31 |
| 80. South Carolina (Moore) | 62 | NR | 67 | 62 | 92 |
| 80. Notre Dame (Mendoza) | 25 | 24 | 38 | 31 | 39 |
| 80. British Columbia (Sauder) | 24 | NR | 10 | NR | 79 |
| 83. California-Davis | 58 | NR | 68 | 42 | 60 |
| 84. EADA | NR | NR | NR | NR | 96 |
| 84. Babson (Olin) | 54 | 39 | NR | 54 | NR |
| 86. William & Mary (Mason) | 50 | 47 | 49 | 75 | NR |
| 86. Washington (Foster) | 32 | 31 | 40 | 33 | 32 |
| 88. Southern Methodist (Cox) | 34 | 12 | 33 | 49 | 78 |
| 88. Edinburgh Business School | 50 | NR | NR | NR | 75 |
| 90. Bradford School of Mgt. | NR | NR | NR | NR | NR |
| 91. Brigham Young (Marriott) | 33 | 27 | 16 | 33 | NR |
| 92. Pepperdine (Graziadio) | 78 | NR | 75 | 82 | NR |
| 93. Georgia (Terry) | 47 | 36 | 50 | 59 | 87 |
| 94. Leeds University | NR | NR | NR | NR | NR |
| 94. Florida (Hough) | 55 | NR | 54 | 39 | 99 |
| 96. Politeonico di Milano | NR | NR | NR | NR | NR |
| 97. Georgia Institute of Technology | 39 | 23 | 44 | 26 | NR |
| 97. IAE Business School | NR | NR | NR | NR | NR |
| 99. Kaist College of Business | NR | NR | NR | NR | NR |
| 100. EM Lyon Business School | 19 | NR | 11 | NR | 38 |
.
SOURCE: THE FINANCIAL TIMES, OTHER SURVEYS
For its ranking, the Financial Times surveys alumni from the Class of 2007 to track both their progress in their jobs and their increase in compensation. The FT said that nearly 70 per cent of alumni who took out loans to fund their MBAs are still in debt more than three years after graduating. The poll showed that the total bill for an MBA averaged $132,600 three years ago, including living costs, interest on loans and loss of earnings while studying.
Of the 1,370 graduates who completed the FT poll, 63 per cent said they borrowed money to fund their studies. On average, they ended up indebted to an average of 54 per cent of the total cost of completing the degree. More than three years after graduation, 69 per cent of alumni who took on debt had yet to finish paying it off, and more than a quarter still owed 60 per cent or more of the original loan, the FT reported. Yet in spite of the high costs, most alumni felt the MBA had been a good value. Asked by the FT to rate the worth of their degree from one to five, with five representing extremely valuable, the average score was 4.4. There was little variation among alumni, regardless of the cost of the program or debt levels, and 56 per cent gave their degree a rating of five, the FT reported.
Comments or questions about this article? Email us.