If you want a career in finance, what are the best MBA programs to pursue?
That question is at the core of the Financial Times’ newest ranking of top MBAs for finance published today (May 7). A subset of data gathered for the FT’s 2017 global MBA ranking, the ranking has Stanford University’s Graduate School of Business in first for the second year in a row, followed by No. 2 Wharton, No. 3 Chicago Booth, No. 4 Harvard, and No. 5 NYU Stern.
The FT list, only the second time the British newspaper has ranked MBA programs for finance, places numerical ranks on 50 schools. The methdology puts the most emphasis on compensation, with 40% of the ranking based on average salary three years after graduation and the average salary increase from pre-MBA pay until now.
THE FT FINANCE RANKING IS HIGHLY VOLATILE
How reliable is the ranking? And how does it compare to a similar ranking published by U.S. News and World Report? The FT gives readers plenty of reasons to be skeptical. Extreme volatility in any ranking is immediately suspect because programs and schools don’t change all that much year-over-year. Yet, the British newspaper’s look at MBAs programs for finance is highly unstable.