University of Pennsylvania Wharton school shares the top rank with Stanford GSB in the QS Global MBA Rankings 2020 climbing from the 3rd spot. Stanford retains the rank it secured in the 2019 rankings.
The Top 10 in QS Global MBA Rankings 2020
Tied at number 1 are Wharton and Stanford GSB. With no claimants for the 2nd rank, INSEAD has managed to jump to the 3rd slot (from rank 6 last year), in a tie with MIT (Sloan). The fourth rank being vacant, Harvard dropped to the 5th rank from the 2nd spot it held in 2019. Similarly, London Business School slid from the 4th place to 6th rank.
HEC, Paris retained its 7th rank along with Chicago Booth in the 8th rank. UC Berkeley (Haas) climbed 8 places to rank 9. Northwestern (Kellogg) also jumped to 10th rank. The school was ranked 14th in the previous edition. INSEAD, LBS and HEC were the three European schools in the top 10.
QS says Stanford had outscored Wharton for return on investment (RoI), entrepreneurship and alumni outcomes. However, Wharton scored higher for diversity, employability and thought leadership.
Indian Schools Move Up
IIM Ahmedabad at 40th rank marked the Indian presence, moving up 8 places from ranked 48 in 2019.
However, it was IIM Bangalore that made the biggest jump from rank 74 in the previous edition to 44th rank in 2020. ISB moved to 98th rank in a tie with University of California, Davis. The school was ranked 100 last year. IIM Calcutta, which was in the 111-120 rank in 2019, moved up 101-110 rank. SPJIMR, Mumbai, ranked in 200+ last year, also moved to 150-200 rank.
The Global MBA Rankings 2020 list a total of 240 MBA programs across the world. The data was collected in early 2019 through the QS Global Employer Survey, the QS Global Academic Survey and a survey completed by the business schools themselves.
The survey by the schools looked at quantitative indicators such as the salary of graduates, class profile and other such information. While the schools were not asked to survey their alumni, they furnished career progression information on their alumni to MBACSEA compliant standards.
The data received was based on 2018 graduating class (for employment info) and incoming 2018 class for class composition. Where this data was not available, the most recent available data provided by the schools was used.
In a minor number of cases, publicly available information was used to ensure that the ranking remained as accurate as possible.
According to the criteria laid down by QS to be included in the global rankings, the program must be taught mainly on-campus (not distance-learning), full-time (or at least have the option to be) and have a class size of at least 10 students.
The schools were required to provide relevant data in the majority of indicators to be included. A total of 13 criteria form the basis of five key indicators that programs were ranked on.
These are employability (40%), entrepreneurship and alumni outcomes (15%), Return on Investment (20%), Thought Leadership (15%), Class & Faculty Diversity (10%).
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