The Financial Times just released its latest MBA ranking. Harvard Business School (#1) and The Stanford Graduate School of Business (#2) kept their respective spots from last year, while Wharton lost its 3rd position to London Business School, one of the leading European MBA programs along with Insead (#5), IESE (#7), and IMD (#12). Interestingly, the Yale School of Management gained 4 spots this year, reaching the FT’s top ten for the first time in seven years.
3 years after graduation, Stanford’s alumni earn the most, with an average salary of $185,000 (+100% vs. the pre-MBA salary), while HBS graduates come in second with $178,000 (+113%). In Europe, LBS graduates lead the pack, with an average compensation of $157,000 per year (+107%).
In a recent article Poets & Quants released its own ranking of the top US MBA programs.
Although several established rankings are available (e.g. from The Financial Times, Forbes, US News, Business Weeks), we consider Poets and Quants’s ranking valuable because it is built as a composite of the 5 major rankings. As most rankings’ methodology can be criticized (often because of the emphasis that they arbitrarily put on a given criteria), “combining the five most influential rankings doesn’t eliminate the flaws in each system, but it does significantly diminish them. When an anomaly pops on one list due to either faulty survey technique or biased methodology, bringing all the data together tends to suppress it” according to the ranking’s author.
If you’re unfamiliar with P&Q’s ranking, their site is worth having a look at.