Global MBA rankings
The 2008 Financial times rankings of global MBA institutions is out.
The top 5 institutions don't raise any eyebrows, ranked as follows:
1> University of Pennsylvania: Wharton - USA
2> London Business School - UK
3> Columbia Business School - USA
4> Stanford University GSB - USA
5> Harvard Business School - USA
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Other noteworthy institutions were:
20> Indian School of Business - India
71> University of Cape Town GSB - South Africa
The only representative from Africa is the University of Cape Town Graduate School of Business - South Africa which is ranked 71st (lower than the rank they obtained last year around the 57 mark), a credible achievement nonetheless. UCT GSB is also rated 2nd best in terms of value for money of the course, now thats definitely a major draw card.
The sole Indian institution in the top 100 is the Indian School of Business (Hyderabad) coming in at a very praiseworthy rank of number 20, but for me the most astonishing thing about the results is that the weighted salary (average alumni salary today) which is topped by the Indian School of Business!!! I was expecting the exact opposite. However it appears that ISB is quite expensive and is comparable to the US institutions (which are undoubtedly the most expensive) in terms of value for money rank.
UCT GSB also beats many top rated business schools in the weighted salary category, their graduates are paid 11th best according to the findings! Indeed, go have a look for yourself, go to the FT page and sort by the weighted salary column (click on the column heading to sort by that respective category).
Well well well... Some things aren't the way they seem after all... I attribute this to the higher demand for graduates from these institutions as they are so much better than their peers from the local region (India and South Africa only have one institution ranked in the top 100 as opposed to countries like USA with many more).
nice post!
ReplyDeleteI find most MBA rankings fairly biased mainly because:
ReplyDelete1) Of the fact that the quality of an MBA programme is decided on whether the curriculum provided is of 'American' standards
2)Most companies an MBA graduate would work for under normal circumstances is American. Since this is the case, obviously the business schools (offered in the US) would have to be considered 'great' for the companies to maintain their status in the industry.
Here is a link to the MBA rankings as provided by The Economist (not as recent as FT's rankings):
http://www.economist.com/markets/rankings/displaystory.cfm?story_id=9889730&CFID=12083567&CFTOKEN=ce6144bf70dc1dc8-1307591B-B27C-BB00-012797AD026A0846