IIM Bangalore's EPGP and IIM Calcutta's PGPeX programs have improved their global rankings in 2018, according to Financial Times. However, ISB and IIM Ahmedabad's PGPX have slipped. The Stanford Graduate School of Business tops the ranking.
This was was an especially volatile year for the FT ranking. Besides IE Business School, over 12 B-schools have dropped off the list entirely. Another 13 B-schools became new entrants, and 23 B-schools that remained in the top-100 experienced double-digit gains or slips. American business schools made a bit of a comeback; 7 American b-schools were in the top ten (up from 5 last year), and with some notable advances by key B-schools.
The FT concedes that clustering is a reality and that there are four different groups of business schools on its list of the top 100. In a footnote, the newspaper points out that the top 14 schools, starting with Stanford Graduate School (USA) and ending with Hong Kong University Science and Technology (China), are in a top group. The second cluster, headed by Yale School of Management (USA), spans the schools ranked 15th to 44th. The 48 Schools within the third group headed by Jones Graduate School of Business at Rice University (USA) are similarly close together. The remaining 9 schools headed by Naveen Jindal School of Management, University of Texas at Dallas (USA) make up the fourth group.
Primary observations from the FT Global MBA Ranking 2018:
(A) Stanford Graduate School of Business is back at the top of the FT Global MBA ranking for the second time in 23 years
(B) INSEAD, the topper for the past two years, falls to second place. Stanford was able to nudge aside INSEAD, which had been ranked first by the FT for two consecutive years in 2017 and 2016, by performing better on the three most important metrics used for FT's MBA ranking. Stanford scored better on “weighted salary” and “salary increase” over pre-MBA pay, two factors that account for 40% of the ranking
(C) University of Pennsylvania: Wharton remains third, while London Business School, up to fourth place after a rare drop outside the top five, is the top British MBA. Harvard Business School drops to fifth, its lowest rank since 2008
(D) The University of Chicago’s Booth School of Business climbed three places to rank sixth from ninth in 2017, Columbia Business School maintained its seventh place finish, CEIBS was eighth, and improvements in rank for No. 9 MIT Sloan and No. 10 UC-Berkeley Haas School of Business brought those two American favorites into the top ten. Sloan and Haas had been tied for a rank of 13th last year
(E) Asian schools shone in the 2018 ranking. China Europe International Business School (CEIBS), is back in the top 10 in eighth place. The National University of Singapore Business School is up eight places to 18th, its best performance
(F) Indian schools have had a mixed performance: Indian School of Business (ISB), the highest ranked Indian school in the 2018 ranking, fell one place to 28th. The PGPX at IIM Ahmedabad fell two places to 31st. On the other hand the EPGP at IIM Bangalore rose 13 places to 35th, while the PGPEX at IIM Calcutta rose 18 places to 75th
(G) Cornell University’s Johnson Graduate School Business jumped 10 spots to 17th. UCLA’s Anderson School of Management rose to 25th from 32th, and Duke University’s Fuqua School of Business improved by six positions to earn a rank of 19th. The biggest fall for a top ten MBA program was at Cambridge University’s Judge Business School which tumbled five places to a rank of 13th this year
(H) Rice University’s Jones Graduate School of Business, climbed 19 places to rank 45th in the world, from 64th a year ago. Washington University’s Olin Business School, under a new Dean, climbed 18 spots to rank 50th, from 68th. The University of Edinburgh Business School also rose 18 places to achive a rank of 73rd, much better than last year’s 91st place finish
(I) Lancaster Business School (UK) plunged 28 spots to rank 70th this year. University College Dublin’s Smurfit Graduate Business School lost 24 places to end up at 94th, and the University of Toronto’s Rotman School of Management plummeted 21 positions to rank 86th
(J) IE Business School (Spain) dropped out of the ranking completely because FT could not gather a representative sample of the school’s alumni. Besides IE Business School, non-American B-schools that disappeared this year include Incae, which had been ranked 89th last year; Grenoble, ranked 92nd; Spade, ranked 97th; Birmingham, ranked 98th, Vlerick, ranked 99th, and Queen’s University’s Smith School of Business in Ontario, Canada, ranked 100th last year
(K) Among the American B-schools to completely drop off the FT list this year were the University of South Carolina, which ranked 77th last year; the University of Illinois at Urbana-Champaign, which was ranked 83rd; the University of Iowa’s Tippie School of Business, ranked 84th in 2017; George Washington University, ranked 86th a year ago, and Temple University’s Fox School of Business, which weighed in at a rank of 95 in 2017.
Top 10 Global B-schools, according to FT are -
|FT Global MBA Rank||B-school Name||Country|
|1||Stanford Graduate School of Business||US|
|2||Insead||France / Singapore|
|3||University of Pennsylvania: Wharton||US|
|4||London Business School||UK|
|5||Harvard Business School||US|
|6||University of Chicago: Booth||US|
|7||Columbia Business School||US|
|10||University of California at Berkeley: Haas||US|