Stanford Graduate School of Business is back at number two, up three places from the previous year. Its alumni have the highest salary on average at 195,000 dollars. Graduates also have the best career progression. About 42 per cent of alumni hold positions at director level or above three years after graduation, compared with 22 per cent on average for ranked programmes.
Wharton at the University of Pennsylvania rises one rank up and comes third with a salary on average of 181,634 dollar.
It is the first time that Judge Business School at the University of Cambridge has made the top five of this ranking. This is significant progress given that the school was ranked 26th in 2012. Its alumni have the 12th highest average salary, at 164,000 dollar, but the programme is top for value for money. With its one-year MBA, Judge has the lowest tuition fees among the top 15 schools.
Harvard Business School, London Business School and MIT Sloan School of Management, three of the Financial Times' traditional heavyweights, lost ground to their competitors. Harvard dropped two places to fourth, the first time in nine years that the Boston school has been outside the top three. London Business School fell three places to sixth, its lowest position in 14 years. MIT Sloan School of Management slipped to 13th place, the first time in 10 years that it has been outside the top 10.
US schools are rebuilding their strength in this ranking, with their number increasing to 51. This had dropped below 50 for the first time in 2016, down to 47. Six of the eight new or returning schools are from the US.
Canadian schools continue to lose ground. Only three remain in the ranking compared with five last year and all fall about six places. Among these, Rotman School of Management at the University of Toronto is the highest ranked at 65. Australian and Spanish schools are doing well. Each country’s three representatives have risen up the ranking. Sydney’s Macqurie Graduate School of Management is Australia’s top placed institution at 49 and Spain’s IE Business moved up four places to eighth, the first time since 2012 that the Madrid school is back in the top 10.
The ranking is based on surveys of the business schools and their graduates of 2013. MBAs are assessed according to the career progression of alumni, the school’s idea generation and the diversity of students and faculty.
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