SINGAPORE SCHOOLS LEAD THE WAY IN DIVERSITY
Five Asian MBA programs were also represented among the bottom five for Internal Mobility, a measure derived from “alumni citizenship and the locations where they worked before their MBA, on completion and three years after.” The top performer in this dimension? It was Singapore’s Nanyang University at 20th (trailed closely by Hong Kong University and the Hong Kong University of Science and Technology at 23rd and 24th respectively). However, Asian schools fare far better in International Course Experience, a dimension derived from exchanges and internships abroad that last a month or longer. In this measure, Asian MBA programs account for 9 of the 25 highest scores, led by Hong Kong University (11th) and Sungkyunkwan University (14th).
Sungkyunkwan University also boasts the highest percentage of international faculty at 67%. However, you’ll find that nearly two-thirds of faculty in the ranked Singapore MBA programs hail from outside the Lion City. CEIBS (59%) and the Hong Kong University of Science and Technology (50%) also feature diverse representation. The least diverse? IIM Indore and IIM Calcutta both report that 0% of its faculty were born outside India. That number is 1% at IIM Lucknow and 3% at IIM Ahmedabad.
Not surprisingly, these faculty numbers are representative of a larger lack of diversity. That 0% number also applies to non-Indian board membership at IIM Lucknow, IIM Indore, and IIM Bangalore. Those schools also report a 0% figure for international students (along with IIM Ahmedabad and IIM Calcutta). You’ll find more cosmopolitan classes in the ranked Singapore business schools, where the percentage of international students range from 77% to 95%. And South Korea’s Sungkyunkwan University reached 79%.
In China, Hong Kong University and the Hong Kong University of Science and Technology also enroll classes where over half of the class grew up outside China. In fact, Hong Kong University is the only FT-ranked Chinese MBA program where non-Chinese board members are the minority. That includes CEIBS, where 100% of the school board consists of international representatives. Chinese MBA programs also tend to be quite open to women. At Fudan University, 63% of MBA candidates are women. That number is 59% and 52% at Shanghai University and CEIBS respectively. At Sungkyunkwan University, women comprise both 58% of the student body and board members. On top of that, women make up the majority of board members at CEIBS, the Chinese University of Hong Kong, Singapore Management University, and Nanyang Business School.
Maybe the biggest question answered by the 2023 Financial Times ranking is this: Which alumni leave the business school the happiest? By that measure, the Shanghai University of Finance and Economics tops the list among Asian full-time MBA programs. In the Value for Money measure – a hodge-podge of pay, tuition, and lost income data – the school ranked 10th, higher than every Top 10 program except SDA Bocconi. When it comes to Overall Satisfaction, where alumni rate their alma mater on a 10-point scale on their MBA experience – Shanghai University notched a 9.67. That was good for 8th-best in the world (and just .02 of a point shy of Harvard Business School). Several Indian schools also fared well in Overall Satisfaction, including IIM Calcutta (9.34), IIM Ahmedabad (9.34), and the Indian School of Business (9.31). Nanyang Business School posted the lowest score among Asian MBA programs at 8.21.
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