US B-Schools Capture 16 of Top 20 Economist MBA Rankings 2017

US business schools have captured 16 ranks in the top 20 The Economist’s full-time MBA rankings 2017 despite the turbulence created by President Donald Trump’s immigration policy changes and indications of a shift in the 2-year MBA towards the shorter 1-year MBA and Master’s programs.

In the top 20, the US has ceded space to just four schools, in Europe, UK, Australia and Spain.Kellogg School of Management is ranked at the top, the University of Chicago’s Booth School of Business second and Harvard Business School third.

Ranks 11 to 14 are held by US schools, namely, Yale School of Management followed by University of Michigan’s Ross School of Business and NYU Stern School of Business. MIT Sloan School of Management is ranked 19 followed by University of Florida’s Hough Graduate School of Business at rank 20.

University of Pennsylvania’s Wharton School is at number 4, followed by Stanford University GSB in the 5^th rank, UCLA Anderson School of Management 6th, Berkeley-Haas 7^th, Dartmouth College’s Tuck School of Business 8^th, Colombia Business School  9^th and University of Virginia’s Darden School of Business placed 10th.

The first non-US institute to figure in the rankings is HEC School of Management, Paris ranked 15 followed by the University of Queensland Business School in the 16^th spot and University of Navarra IESE Business School ranked 17 and Warwick Business School, the UK in the 18^th rank.

Ranks 11 to 14 are held by US schools, namely, Yale School of Management followed by University of Michigan’s Ross School of Business and NYU Stern School of Business. MIT Sloan School of Management is ranked 19 followed by University of Florida’s Hough Graduate School of Business at rank 20.

The ranking is based on an analysis of the programs leading to new career opportunities (35%), personal development and educational experience (35%), better salary (20%) and networking potential (10%).

The Economist says that despite a recent survey by Carrington Crisp consultancy revealing that 40% of prospective students were unhappy with President Trump’s plans to tighten the US immigration regime.  Keeping in with a worldwide trend, schools in the US were also moving towards introducing Masters in Management (MiM) programs that were less costly and time-consuming.

Interestingly, despite an overall fall in the number of applications, the top schools are witnessing an increase. For instance, HBS has received around 9,759 applications for about 900 places on its MBA last year, up from 9,686 the year before.

The average basic salary for the top10 US schools is $127,300, a 70% increase over the students’ pre-MBA pay, although tuition fees at these schools are higher. However, it is to be noted that those programs in the US with 200 or lesser number of seats saw a 6% drop in the number of applications.