Financial Times European Rankings
“The British are coming! The British are coming!”
No, they’ve already arrived.
That was the finding from this year’s Financial Times ranking of European MBA and Master’s programs. The ranking, a combination of the Times’ ranking of MBA, executive MBA (EMBA), master’s in management (MIM), and executive education programs. For the first time since 2005, the London School of Business ranks as the #1 overall MBA program in Europe.
You can almost imagine LBS alums like Huw Jenkins and Cyrus Pallonji Mistry raising a glass…or doing a jig! And that doesn’t even factor in that Poets&Quants ranked the London Business School as the world’s top full-time business program this month.
Score it a major upset, with last year’s co-#1 – HEC Paris – ranking higher than LBS on every measure except the full-time MBA (where LBS is #1 according to the Financial Times). In fact, the competition between United Kingdom and France goes beyond the London Business School and HEC Paris. Call it a friendlier version of the Hundred Years War, with the UK and France placing 20 and 19 schools in The Financial Times’ top 80 European MBA programs. Compare that to Germany (7), Spain (5), Switzerland (4), Italy (3), and Russia (2) and you’ll understand just who the real dominant business forces are in the European Union.
But don’t raise your Union Jack too high. In the all-important topic of money, French programs actually top UK business schools overall by a $137K to $115K average.
Last year’s other #1 – Spain’s IE Business School – dropped two spots to #3, with only its full-time MBA program cracking the top 5 (at #5, no less) among the four categories. In particular, IE Business School was hindered by its #15 ranking among customized executive education programs.
Spain’s Esade and France’s Insead ranked #4 and #5 respectively. Executive education was Esade’s Achilles heel, where it ranked #11. Insead was dragged down by not offering a Masters in Management program. Three other top 10 programs – IESE Business School, IMD, and The University of Oxford Said – were also hobbled by lacking a MIM program. With its #1 ranking in the MIM category, Switzerland’s University of St. Gallen rose to #6 – despite ranking #24 and #23 in the full-time MBA and executive MBA categories.
This year’s biggest riser was the Judge Business School at Cambridge University, which jumped 19 spots from #48 to #29. Other big leaps could be found at France’s Neoma Business School (+18), UK’s Henley Business School (+17), Russia’s St. Petersburg State (+13), UK’s Warwick Business School (+12) UK’s Lancaster University (+8), and Portugal’s Nova School of Business and Economics (+8).
The biggest dropper? That’d be the UK’s Aston Business School, which tumbled from #47 to #69. However, Aston’s performance – like many others that fell in the overall rankings – can be attributed to only offering one or two MBAs out of the four categories. Other disappointments include: UK’s University of Edinburgh (-17), Germany’s WHU Belsheim (-13), and Denmark’s Copenhagen Business School (-11).
Germany’s EBS Business School made the splashiest debut, going from unranked in 2013 to #47 in 2014, with the school ranking #12 among MIM programs.
Salary-wise, full-time MBAs from the London Business School earn the most within three years of graduation at $156,553. They are followed by Insead ($148,183), IE Business School ($146,933) and Cambridge Judge ($144,350). However, Spanish schools dominated the pay increase rankings, with IESE Business School (125%), Esade Business School (120%), and IE Business School (112%) reporting the highest increases. Among executive MBA programs, France’s HEC Paris topped the list at $307,003, followed by Switzerland’s IMD ($246,394). Among nations, French full-time MBA programs (on average) earn the highest wages after three years ($137K). In the executive MBA space, Swiss programs produce the highest annual earnings ($166K).
Among other measurables, IMD had the highest percentage of international faculty (94%), while St. Petersburg State led in the percentage of female faculty (52%). At 18 schools, 100% of the faculty had doctorates, including IMD, the London School of Business, INSEAD, HEC Paris, and the University of St. Gallen.
To get the rankings and salaries for the top 20 European programs, check ou the table below.
Source: Financial Times
|2014 Rank||2013 Rank||School||Country||FT MBA Salary||EMBA Salary|
|1||3||London Business School||UK||$156,533||$172,028 ($252,539)|
|3||1||IE Business School||Spain||$146,933||$198,402|
|4||3||Esade Business School||Spain||$120,718||$217,870|
|6||7||University of St. Galen||Switzerland||$102,158||$147,240|
|7||6||IESE Business School||Spain||$143,168||$218,434|
|10||12||University of Oxford: Said||UK||$133,315||$205,942|
|11||10||Rotterdam School of Management, Erasmus University||Netherlands||$98,771||$118,828 ($167,987)|
|12||11||ESCP Europe||France, UK, Germany, Spain / Italy||NA||$155,087|
|13||16||Imperial College Business School||UK||$103,604||$139,343|
|14||13||EMLyon Business School||France||$93,356||$102,598|
|15||14||Essec Business School||France||NA||$131,037|
|16||15||Vlerick Business School||Belgium||$90,831||$115,496|
|17||17||Edhec Business School||France||$78,976||$96,344|
|18||23||Mannheim Business School||Germany||$97,962||$131,037|
|19||18||City University: Cass||UK||$110,260||$148,970|
|19||31||Warwick Business School||UK||$119,121||$148,680|
Source: The Financial Times