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

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.

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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.

Insead 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).

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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 2016 Rank in 2015 School name Country Weighted salary (US$) Salary percen-tage increase Career progress rank Placement success rank Value for money rank
1 4 Insead France / Singapore 166510 96 25 59 10
2 1 Harvard Business School US 172501 94 7 40 82
3 2 London Business School UK 154150 100 9 39 72
4 3 University of Pennsylvania: Wharton US 177877 84 16 30 95
5 4 Stanford Graduate School of Business US 185939 87 3 29 83
6 6 Columbia Business School US 169866 99 22 17 92
7 10 University of California at Berkeley: Haas US 169395 93 34 18 69
8 9 University of Chicago: Booth US 158259 107 39 2 84
9 8 MIT: Sloan US 159909 90 11 48 96
10 13 University of Cambridge: Judge UK 156323 95 6 24 4
11 14 Northwestern University: Kellogg US 162923 93 23 15 89
12 12 IE Business School Spain 159266 104 5 73 23
13 20 IMD Switzerland 157439 83 13 26 5
14 14 HKUST Business School China 144303 114 19 90 13
15 16 HEC Paris France 134299 108 27 87 26
16 7 Iese Business School Spain 140185 121 10 60 81
17 11 Ceibs China 147716 157 29 54 41
18 17 Yale School of Management US 152232 108 20 49 80
19 18 New York University: Stern US 150510 97 38 9 98
20 24 University of Michigan: Ross US 144961 107 59 19 74
21 21 Duke University: Fuqua US 144455 94 51 32 97
22 23 Dartmouth College: Tuck US 156652 95 33 11 91
23 19 Esade Business School Spain 132119 117 15 47 60
24 26 Indian Institute of Management, Ahmedabad India 174274 96 1 52 36
25 26 SDA Bocconi Italy 122955 116 80 69 32
26 30 CUHK Business School China 124268 120 28 74 34
27 32 University of Virginia: Darden US 147104 109 52 6 73
28 22 University of Oxford: Saïd UK 136959 81 24 58 19
29 33 Indian School of Business India 138454 142 30 57 45
29 40 Nanyang Business School Singapore 119032 105 35 85 38
31 28 Cornell University: Johnson US 142764 102 66 10 78
32 31 National University of Singapore Business School Singapore 115148 121 68 68 39
33 36 Carnegie Mellon: Tepper US 136996 108 74 1 79
34 25 UCLA: Anderson US 140067 89 69 7 88
35 34 Imperial College Business School UK 112301 83 45 75 31
35 50 Lancaster University Management School UK 106638 111 36 33 6
37 45 City University: Cass UK 121402 82 17 62 28
38 35 Alliance Manchester Business School UK 117918 96 12 88 53
39 55 Shanghai Jiao Tong University: Antai China 113340 168 49 22 33
40 36 The Lisbon MBA Portugal 123584 100 46 83 2
41 39 University of North Carolina: Kenan-Flagler US 128240 97 60 36 87
42 45 Rotterdam School of Management, Erasmus University Netherlands 107998 81 53 91 20
43 Renmin University of China School of Business China 94233 163 2 12 29
44 28 University of Hong Kong China 112518 106 55 35 54
44 42 Georgetown University: McDonough US 130950 95 65 44 99
46 38 Warwick Business School UK 112287 70 48 45 24
47 40 University of Texas at Austin: McCombs US 134317 92 76 25 75
47 55 Fudan University School of Management China 96884 170 56 28 40
49 51 University of Washington: Foster US 120279 87 83 31 63
49 55 Mannheim Business School Germany 109622 79 78 86 9
51 49 University of Maryland: Smith US 109982 97 77 13 90
52 58 University of Southern California: Marshall US 128782 87 61 42 101
53 43 Rice University: Jones US 126207 100 88 46 65
54 62 Indiana University: Kelley US 119970 103 86 5 68
55 59 Emory University: Goizueta US 127938 90 73 27 76
56 68 Macquarie Graduate School of Management Australia 126736 58 21 95 21
57 45 Cranfield School of Management UK 116604 64 71 67 22
57 43 University of California at Irvine: Merage US 113098 110 92 8 67
59 66 University of San Diego School of Business Administration US 108834 119 75 20 56
60 53 University of Toronto: Rotman Canada 96647 78 95 94 100
60 67 University of St Gallen Switzerland 112940 60 41 34 18
62 82 Indian Institute of Management, Bangalore India 137294 84 32 93 61
63 80 University of Strathclyde Business School UK 99450 91 18 53 7
64 63 ESMT – European School of Management and Technology Germany 107234 62 54 82 1
65 54 Michigan State University: Broad US 103672 120 101 14 50
66 75 AGSM at UNSW Business School Australia 109273 61 99 70 49
66 79 Durham University Business School UK 98029 77 43 99 14
68 70 Wisconsin School of Business US 110745 111 87 16 27
69 59 Sungkyunkwan University GSB South Korea 107362 80 31 4 43
69 90 Boston College: Carroll US 119538 94 64 80 71
71 61 Vanderbilt University: Owen US 121231 95 72 23 77
71 65 Georgia Institute of Technology: Scheller US 118900 92 97 3 46
71 83 University of Minnesota: Carlson US 114404 85 81 38 85
71 78 Boston University: Questrom US 118636 100 70 71 64
75 69 Ohio State University: Fisher US 110129 100 96 51 52
76 89 University of Notre Dame: Mendoza US 120721 97 79 43 62
76 52 University of Cape Town GSB South Africa 138466 68 26 100 8
78 90 George Washington University US 112291 98 93 50 93
79 73 University College Dublin: Smurfit Ireland 107185 73 63 72 12
80 Ipade Business School Mexico 105844 190 4 56 55
80 Brigham Young University: Marriott US 123655 120 67 81 16
80 72 Washington University: Olin US 114130 80 62 41 94
83 Incae Business School Costa Rica 89902 145 14 84 11
84 Edhec Business School France 106761 66 47 79 3
85 100 McGill University: Desautels Canada 88345 76 42 78 70
86 85 University of Rochester: Simon US 109756 102 85 66 86
87 90 Melbourne Business School Australia 95356 72 91 97 37
88 97 Western University: Ivey Canada 100209 71 82 37 42
89 86 Pennsylvania State University: Smeal US 105601 105 98 63 48
90 73 Babson College: Olin US 118458 86 8 77 66
91 71 University of Illinois at Urbana-Champaign US 107052 97 89 64 57
92 95 Birmingham Business School UK 103344 71 44 89 15
93 86 Queen’s University: Smith Canada 93761 85 94 92 35
94 63 University of Iowa: Tippie US 103058 113 100 21 25
94 Grenoble Ecole de Management France 93680 80 50 98 51
96 University of Connecticut School of Business US 103607 92 57 61 44
96 81 University of British Columbia: Sauder Canada 90413 72 84 96 59
98 Leeds University Business School UK 89202 79 58 65 17
98 University of Edinburgh Business School UK 99144 66 40 101 30
98 84 University of Bath School of Management UK 97908 55 37 76 47
98 97 University of Pittsburgh: Katz US 97897 105 90 55 58

Source: Financial Times

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