World’s No.1 MBA Is A One Year MBA: INSEAD Tops Financial Times 2016 MBA Ranking

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INSEAD, the international business school that introduced the one-year MBA format to the world more than 50 years ago, has climbed on to the first rank in the FT 2016 Global MBA Ranking.

Incidentally, this is also the first time an institution that offers the short but “more value for money” course ended up on the top spot in the Global MBA Ranking list.

Insead, which had been in the running for the past 17 years, has beaten an elite club, including Harvard Business School, London Business School, the Wharton School and Stanford Graduate School of Business that now fill the remaining top five places with their two-year programmes.

Insead’s Class of 2012 managed to garner an average salary of about $167,000 three years after graduation, nearly double their pre-MBA earnings. Alumni from the four other schools in the top five have roughly similar salaries and salary increases three years after graduation.

Insead, which had been in the running for the past 17 years, has beaten an elite club, including Harvard Business School, London Business School, the Wharton School and Stanford Graduate School of Business that now fill the remaining top five places with their two-year programmes.

However, Insead is ranked 10th for value for money, way above the four runners-up, which are in the bottom quarter in this category.

What seems to work in favour of Insead with the students is that while its program is only half as long, its fees are also lower than those of the top three US schools.

which-is-the-best-mba-in-the-world-worlds-no-1-mba-is-one-year-mba-insead-top-financial-times-2016-mba-ranking-highest-ranked-mba-in-the-world-best-mba-in-france-best-mba-in-usa-best-mba-in-europeInsead was set up 58 years ago in Fontainebleau, outside Paris and prides in calling itself “the business school for the world”. The claim rings true as not only are more than 90 % of the professors and students from all across the world, with campuses in France and Singapore, the school is ranked fifth for international course experience. Its alumni are also ranked third for international mobility.

The school has, over the years, been progressively hiking investment in the past few years in the careers team from 30 to 40 since 2014. It also managed to get donations from the alumni for state-of-the-art video conferencing interview suites on all three campuses. The careers team also proved themselves equal to the challenge, despite the short 1-year format, the geographic diversity and sheer size of the 1020 strong student body.

INSEAD also could claim credit for facilitating 84% of students change sector, function or country, and an impressive 25% switch on all three dimensions. The school has built relationships with a huge roster of regular recruiters from across the globe, and last year graduates took positions with 440 different organizations in 64 countries.

Recruiters are also increasingly seeking the international mindset and ability to work across cultures that is the very essence of an INSEAD MBA graduate. INSEAD now has the highest proportion of alumni at the top 20 most attractive employers (according to a Universum survey) of any school.

Among other top achievers in different categories are the following:

Top for career progress: IIMA: Indian Institute of Management in Ahmedabad

The one-year, full-time residential PGPX programme from the Indian Institute of Management in Ahmedabad, within a decade of its introduction, has been ranked number one for the career progress of its alumni this year.

Widely regarded as the top business school in India, a reputation earned for its two-year pre-experience PGP programme, and ranked 15th in the world in the FT’s 2015 Masters in Management rankings, IIMA is also famous for its 100-acre campus and its teaching space designed by American architect Louis Kahn. The school, founded by local entrepreneurs with Harvard Business School, has followed the HBS lead and favours case-based teaching.

Highest new entrant: Renmin

Renmin University of China School of Business is a latecomer to the FT MBA rankings. The school has been offering an MBA since 1991 but became eligible to be ranked in 2010 when it was accredited by Equis (see methodology).

The Beijing school is the highest new entrant, in 43rd place, sandwiched between fellow mainland Chinese schools Antai College of Economics and Management at 39 and Fudan University School of Management at 47. The class of 2012 has an average salary of $94,000 three years after graduation, up 168 per cent on pre-MBA salary.

Highest riser: Carroll

The Carroll School of Management at Boston College has featured annually in the FT MBA rankings since it was first listed in 2006. It has enjoyed mixed fortunes during that time, from a high of 47th place in 2010 to a low of 93rd in 2013.

The 18th edition of the MBA ranking has been more favourable to the school. It climbed 21 places to 69th.

The average salary of its alumni three years after graduation went up by nearly $6,000 to $120,000 compared with last year’s rankings.
The school also registered a strong progression in terms of value-for-money and career progress.

Best international experience: Ipade

Ipade Business School features once again in the FT MBA rankings after having failed to make the top 100 for the past three years. It is ranked 80th overall, just above Incae Business School, the other school from Latin America.

All students study abroad for at least a month on exchange programmes at one of about 75 partner institutions worldwide. Students are also encouraged to go on an international study trip with the school subsidising about half the cost. Ipade adds two destinations per year based on students’ votes. The latest graduating cohort had the option to go to China or Vietnam.

Complete FT 2016 Global MBA Ranking Table

Rank in 2016Rank in 2015School nameCountryWeighted salary (US$)Salary percen-tage increaseCareer progress rankPlacement success rankValue for money rank
14InseadFrance / Singapore16651096255910
21Harvard Business SchoolUS1725019474082
32London Business SchoolUK15415010093972
43University of Pennsylvania: WhartonUS17787784163095
54Stanford Graduate School of BusinessUS1859398732983
66Columbia Business SchoolUS16986699221792
710University of California at Berkeley: HaasUS16939593341869
89University of Chicago: BoothUS15825910739284
98MIT: SloanUS15990990114896
1013University of Cambridge: JudgeUK156323956244
1114Northwestern University: KelloggUS16292393231589
1212IE Business SchoolSpain15926610457323
1320IMDSwitzerland1574398313265
1414HKUST Business SchoolChina144303114199013
1516HEC ParisFrance134299108278726
167Iese Business SchoolSpain140185121106081
1711CeibsChina147716157295441
1817Yale School of ManagementUS152232108204980
1918New York University: SternUS1505109738998
2024University of Michigan: RossUS144961107591974
2121Duke University: FuquaUS14445594513297
2223Dartmouth College: TuckUS15665295331191
2319Esade Business SchoolSpain132119117154760
2426Indian Institute of Management, AhmedabadIndia1742749615236
2526SDA BocconiItaly122955116806932
2630CUHK Business SchoolChina124268120287434
2732University of Virginia: DardenUS14710410952673
2822University of Oxford: SaïdUK13695981245819
2933Indian School of BusinessIndia138454142305745
2940Nanyang Business SchoolSingapore119032105358538
3128Cornell University: JohnsonUS142764102661078
3231National University of Singapore Business SchoolSingapore115148121686839
3336Carnegie Mellon: TepperUS13699610874179
3425UCLA: AndersonUS1400678969788
3534Imperial College Business SchoolUK11230183457531
3550Lancaster University Management SchoolUK10663811136336
3745City University: CassUK12140282176228
3835Alliance Manchester Business SchoolUK11791896128853
3955Shanghai Jiao Tong University: AntaiChina113340168492233
4036The Lisbon MBAPortugal12358410046832
4139University of North Carolina: Kenan-FlaglerUS12824097603687
4245Rotterdam School of Management, Erasmus UniversityNetherlands10799881539120
43 Renmin University of China School of BusinessChina9423316321229
4428University of Hong KongChina112518106553554
4442Georgetown University: McDonoughUS13095095654499
4638Warwick Business SchoolUK11228770484524
4740University of Texas at Austin: McCombsUS13431792762575
4755Fudan University School of ManagementChina96884170562840
4951University of Washington: FosterUS12027987833163
4955Mannheim Business SchoolGermany1096227978869
5149University of Maryland: SmithUS10998297771390
5258University of Southern California: MarshallUS128782876142101
5343Rice University: JonesUS126207100884665
5462Indiana University: KelleyUS11997010386568
5559Emory University: GoizuetaUS12793890732776
5668Macquarie Graduate School of ManagementAustralia12673658219521
5745Cranfield School of ManagementUK11660464716722
5743University of California at Irvine: MerageUS11309811092867
5966University of San Diego School of Business AdministrationUS108834119752056
6053University of Toronto: RotmanCanada96647789594100
6067University of St GallenSwitzerland11294060413418
6282Indian Institute of Management, BangaloreIndia13729484329361
6380University of Strathclyde Business SchoolUK994509118537
6463ESMT – European School of Management and TechnologyGermany1072346254821
6554Michigan State University: BroadUS1036721201011450
6675AGSM at UNSW Business SchoolAustralia10927361997049
6679Durham University Business SchoolUK9802977439914
6870Wisconsin School of BusinessUS110745111871627
6959Sungkyunkwan University GSBSouth Korea1073628031443
6990Boston College: CarrollUS11953894648071
7161Vanderbilt University: OwenUS12123195722377
7165Georgia Institute of Technology: SchellerUS1189009297346
7183University of Minnesota: CarlsonUS11440485813885
7178Boston University: QuestromUS118636100707164
7569Ohio State University: FisherUS110129100965152
7689University of Notre Dame: MendozaUS12072197794362
7652University of Cape Town GSBSouth Africa13846668261008
7890George Washington UniversityUS11229198935093
7973University College Dublin: SmurfitIreland10718573637212
80 Ipade Business SchoolMexico10584419045655
80 Brigham Young University: MarriottUS123655120678116
8072Washington University: OlinUS11413080624194
83 Incae Business SchoolCosta Rica89902145148411
84 Edhec Business SchoolFrance1067616647793
85100McGill University: DesautelsCanada8834576427870
8685University of Rochester: SimonUS109756102856686
8790Melbourne Business SchoolAustralia9535672919737
8897Western University: IveyCanada10020971823742
8986Pennsylvania State University: SmealUS105601105986348
9073Babson College: OlinUS1184588687766
9171University of Illinois at Urbana-ChampaignUS10705297896457
9295Birmingham Business SchoolUK10334471448915
9386Queen’s University: SmithCanada9376185949235
9463University of Iowa: TippieUS1030581131002125
94 Grenoble Ecole de ManagementFrance9368080509851
96 University of Connecticut School of BusinessUS10360792576144
9681University of British Columbia: SauderCanada9041372849659
98 Leeds University Business SchoolUK8920279586517
98 University of Edinburgh Business SchoolUK99144664010130
9884University of Bath School of ManagementUK9790855377647
9897University of Pittsburgh: KatzUS97897105905558

Source: Financial Times

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