Rating of business schools in Europe. full-time MBA programs
Many MBA applicants may wonder where European business school programs can take them.
An analysis of 19 programs from European institutions included in our list of the best foreign business schools can help answer this question. One thing is clear for sure: studying in European business schools does not always mean a career in European companies. American companies are often among the top employers for European business school graduates.
The charts below will give you an overview of the areas of work and salaries of European MBA graduates, as well as those for all business schools. 20% of European business schools send their graduates to work in the UK (the country is the leader in the number of employed graduates of European business schools). The United States ranks second in the number of employed graduates of European MBA programs. Just like graduates from other regions, holders of a European MBA most often choose consulting as their field of work.
19 full-time MBA programs
Curiously, European business school graduates stay to work in English-speaking countries or are hired by companies from the United States - especially when you consider that the majority of European business school students are people from distant countries. While our analysis does not show the nationality of students, the data shows that 84% of those who graduated from European MBA programs in 2015 came from other regions. In the United States, this figure is 32%.
To obtain the very best possible education, MBA applicants are ready to travel anywhere, to any country in the world.
But in order to understand which institution provides the best business education, they focus on various studies.
In particular, the Bloomberg agency provided the results of its own research of the best business schools in the world, according to the results of which a rating of business schools was presented.
The UK is known for hosting some of the best business schools in the world that provide the best education in the MBA market.
This year, the UK has once again reaffirmed its leading position in business education.
So, below are the top 10 best business schools in the world according to Bloomberg.
10. Richard Ivey Business School
Alumni survey: 13th place
Student survey: 8th place
Salary level: 23rd
Employment: 19th place
Total points: 73,4
The University of Western Ontario's Richard Ivey Canadian Business School is recognized as one of the two largest business case creators in the world.
The Richard Ivey Canadian Business School publishes over 200 new case studies per year, written by both its faculty members and peers from partner universities.
This is the oldest business school in Canada, even the building of which is very similar to the Oxford buildings.
Ivey has always been and remains an adherent of the Harvard case-study method, without which many do not think of MBA at all.
80% of the time her students devote to the analysis of cases, so they have enough knowledge of typical situations from real business at the exit.
Perhaps that is why for a long time some American business publications considered it the best "non-American MBA school."
9. Melbourne Business School
Alumni survey: 19th place
Student survey: 3rd place
Salary level: 19th place
Employment: 8th place
Total points: 73,7
Melbourne Business School is the oldest business school in Australia, which was the first to start MBA programs in this country.
The business school was founded by the University of Melbourne and named the best in Australia and Asia (according to Financial newspapers Times and MBA Career Guide).
MBS partners - about 40 renowned business schools around the world, including Chicago Business School, UCLA, NUS.
The training campus is located in the heart of Melbourne and was specially built for MBS.
8. SDA Bocconi
Alumni survey: 4th place
Student survey: 7th place
Salary level: 18th place
Employment: 15th place
Total points: 73,9
SDA Bocconi School of Management is one of the best business administration schools not only in Italy but all over the world.
The educational institution was founded in 1971 as part of the prestigious Italian university - Bocconi University.
It was this university that began to be the first in the country to train specialists in economics.
An integrated approach is used in teaching, thanks to which the programs optimally combine innovative and classical teaching methods.
Presently educational institution is the only business school in Italy that is represented in all international educational rankings.
The business school programs are mainly designed for students with work experience.
7. IMD
Alumni survey: 8th place
Student survey: 1st place
Salary level: 1st place
Employment: 26th place
Total points: 79,3
IMD was formed in January 1990 by amalgamation of independent management education centers.
The MBA program is one year, which lasts from January to December with a short summer break.
Classes are held 6 days a week, with one full weekend per month. The school deliberately educates a small number of students, accepting no more than 90 people a year.
Each group includes students from different parts of the world to prevent any kind of national inequality.
The MBA program is strongly focused on general management instead of highly specialized courses, as a result, the majority (70%) of graduates are usually employed in the industrial sector as opposed to investment banking and consulting companies, which prevail among the graduates of other schools.
Permanent employers include Shell, Philips, Nestlé, Unilever, Medtronic, Johnson & Johnson, Nokia and Novartis.
6. IE
Alumni survey: 2nd place
Student survey: 10th place
Salary level: 8th place
Employment: 6th place
Total points: 79,4
IE Business School is an international business school located in Madrid (Spain). The school was founded in 1973 as the Instituto de Empresa.
IE Business School has about 1,900 students annually.
IE was founded by entrepreneurs and continues to maintain an entrepreneurial tradition.
As a result, more than 10% of students start new projects after graduating from school.
The MBA program lasts 13 months from November to December or from March to April. Training is possible in English and Spanish.
IE Business School maintains 53 exchange programs for MBA students.
5. IESE
Alumni survey: 21st place
Student survey: 6th place
Salary level: 9th place
Employment: 9th place
Total points: 80,7
IESE is the most famous business school in Spain. IESE was founded in 1958 by the University of Navarre, and four years later with the active support of Harvard business School, the MBA program appeared here.
Since IESE was created with the serious methodological participation of Harvard, the school took over a lot from its traditions, for example, a great love for the case method.
IESE is one of four global business schools where the educational process is 90-100% case-based.
At school, they not only study many cases, they also write them. Every year IESE professors write 90–120 papers, sometimes taking six months to write.
Spanish companies are usually taken as the object of research, but the geography is expanding.
Another strong point of the school is entrepreneurial disciplines. The course is four months long and then students write their business plan.
IESE organizes an investment forum that venture capitalists attend, and students have a great opportunity to bring their plan to life.
4. Cambridge Business School
Alumni survey: 3rd place
Student survey: 5th place
Salary level: 12th place
Employment: 11th place
Total points: 86,1
Cambridge Business School is a British business school operating at the University of Cambridge and is part of the Faculty of Business and Management (which in turn belongs to the School of Technology).
The main training program is MBA. The school was founded in 1990 as the Institute of Management.
The MBA program is one-year, designed for approximately 150 students per year.
The average score on the GMAT exam in the region of 684 points, in addition to the GMAT, applicants are required to provide evidence of their ability to study at an English-speaking university (certificates of passing IELTS, TOEFL exams or a diploma of successful completion of an English-speaking university).
The average age of students is 30 years.
3. Saïd Business School
Alumni survey: 1st place
Student survey: 21st place
Salary level: 13th place
Employment: 16th place
Total points: 92,1
Saïd Business School (named after Wafik Said, who donated £ 20 million to fund the school building) was founded in 1996 and quickly established itself as one of the best.
It is a full-service business school offering undergraduate, MBA, and doctoral programs.
The Oxford brand itself attracts job seekers. The school has joined forces with the University of Oxford and uses its specialists, but also has its own faculty.
MBA students become members of any Oxford college that provides housing, boarding, sporting events and enterprises of social culture.
2. INSEAD
Alumni survey: 12th place
Student survey: 2nd place
Salary level: 5th place
Employment: 25th place
Total points: 93,1
INSEAD is a French business school and research institute. The school's campuses are located in Europe (France), Asia (Singapore) and the Middle East (Abu Dhabi); the research center is located in Israel.
The school offers a full-time MBA program, a PhD program in management and other programs (including an Executive MBA).
INSEAD is often called the European Harvard and the best business school in Europe, which only confirms its high positions in various rankings.
INSEAD accepts about a thousand people annually, and by this indicator it is ahead of many business schools.
This is not to say that it is easy to enroll in INSEAD; it just has the resources and campuses in three different parts of the world to teach as many business students.
The INSEAD MBA program is designed for 10 or 12 months if the student wants to do summer internships.
Many business schools offer two-year MBA programs, so studying at INSEAD helps to save time without losing quality: the INSEAD diploma is highly rated in the world, and the knowledge and contacts gained help to make a dizzying career anywhere in the world.
Belarusian business schools were not included in it. However, it also does not include business schools from Russia, Ukraine and other neighboring countries.
Let's take a closer look at the top five business schools.
First place went to Insead. The best business school in the world is located in France, although some educational process takes place in Singapore. Insead has trained the heads of 12 of the largest public companies in Europe, the school has been in the top 5 for the last three years. After graduation, you can count on a salary of $ 166,000. The cost of training is 80 thousand dollars, writes Forbes.ua.
The second is Harvard Business School. Harvard dropped to second place compared to last year. This happened due to a decrease in the average wages by almost 5% among graduates, up to 172 thousand dollars. The peculiarity of this school is that among the teachers - CEO successful companies... Harvard is also one of the most popular business schools in the world, so finding a job after graduation is not a problem at all. There is even a legend that American banks are ready to issue loans if they have a Harvard diploma.
The cost of training is from $ 100 thousand.
The third position is taken by the London Business School. She is consistently in the top three best places the world for the MBA program. Graduates find work without any problems, and also receive an extensive base of contacts for their development. Salary expectations - from 155 thousand dollars. Students have the right to choose where to study - in London or Dubai.
The cost of training is about $ 100 thousand.
The fourth place is taken by the Wharton Business School. She released a huge number famous people Among them are the financier Merrill Lynch, the outrageous Donald Trump and the most successful Russian investor Yuri Milner. Wharton alumni have one of the most high performance hiring: within three months, 94% of them take large companies... The salary is also one of the highest - one can hope for 177 thousand dollars and more.
The fifth position is at Stanford Business School. Stanford is one of the best places to start your startup. However, if there are no ideas yet, the business school is ready to offer knowledge that is in demand all over the world. University graduates are willing to pay up to $ 185,000, and this figure has only been growing over the past few years. In addition, there is a chance to study with a future startup or large business owner.
The cost of training is 100 thousand dollars.
Present to your attention Top-20 business schools of the world
|
Weighted salary ($) |
Salary increase (%) |
||||||
|---|---|---|---|---|---|---|---|
| 1 | 4 | 3 | Insead | France / Singapore | 166,510 | 96 | |
| 2 | 1 | 1 | Harvard Business School | US | 172,501 | 94 | |
| 3 | 2 | 3 | London Business School | UK | 154,150 | 100 | |
| 4 | 3 | 4 | University of Pennsylvania: Wharton | US | 177,877 | 84 | |
| 5 | 4 | 4 | Stanford Graduate School of Business | US | 185,939 | 87 | |
| 6 | 6 | 6 | Columbia Business School | US | 169,866 | 99 | |
| 7 | 10 | 9 | University of California at Berkeley: Haas | US | 169,395 | 93 | |
| 8 | 9 | 9 | University of Chicago: Booth | US | 158,259 | 107 | |
| 9 | 8 | 8 | MIT: Sloan | US | 159,909 | 90 | |
| 10 | 13 | 13 | University of Cambridge: Judge | UK | 156,323 | 95 | |
| 11 | 14 | 13 | Northwestern University: Kellogg | US | 162,923 | 93 | |
| 12 | 12 | 12 | IE Business School | Spain | 159,266 | 104 | |
| 13 | 20 | 15 | IMD | Switzerland | 157,439 | 83 | |
| 14 | 14 | 14 | HKUST Business School | China | 144,303 | 114 | |
| 15 | 16 | 17 |
In December 2017, Bloomberg Businessweek magazine published a global ranking of business schools. It includes 31 schools from all over the world. Traditionally, schools from the USA, Canada and Europe are well represented there.
| № | School | Survey employer. (35%) |
Survey graduates (30%) |
Survey students (15%) |
The salary (10%) |
Index employment. (10%) |
Rank | |
|---|---|---|---|---|---|---|---|---|
| +1 | 1 | INSEAD | 1 | 1 | 3 | 7 | 18 | 100.0 |
| -1 | 2 | London Business School | 2 | 6 | 6 | 4 | 5 | 93.6 |
| +2 | 3 | IESE Business School | 4 | 10 | 1 | 11 | 4 | 88.1 |
| -1 | 4 | Oxford (Saïd) | 3 | 3 | 11 | 15 | 24 | 81.0 |
| +2 | 5 | IMD | 15 | 8 | 5 | 1 | 19 | 76.3 |
| -2 | 6 | Cambridge (Judge) | 7 | 5 | 14 | 14 | 12 | 75.3 |
| +1 | 7 | SDA Bocconi | 17 | 11 | 4 | 8 | 14 | 72.9 |
| -2 | 8 | IE | 16 | 2 | 20 | 10 | 13 | 72.1 |
| +3 | 9 | ESADE | 8 | 4 | 8 | 31 | 17 | 71.8 |
| +1 | 10 | HEC Paris | 14 | 12 | 9 | 9 | 8 | 70.5 |
| -1 | 11 | Western (Ivey) | 6 | 13 | 17 | 18 | 20 | 69.0 |
| -3 | 12 | Melbourne | 10 | 28 | 2 | 13 | 2 | 65.3 |
| +2 | 13 | Imperial College London | 13 | 19 | 10 | 20 | 10 | 61.9 |
| +6 | 14 | Mannheim | 24 | 18 | 16 | 6 | 1 | 58.9 |
| -2 | 15 | ESMT Berlin | 5 | 22 | 23 | 22 | 22 | 57.9 |
| +2 | 16 | Queen's (Smith) | 18 | 20 | 7 | 16 | 25 | 57.9 |
| -1 | 17 | St. Gallen | 25 | 7 | 25 | 2 | 26 | 56.9 |
| +1 | 18 | Manchester | 19 | 14 | 15 | 30 | 27 | 55.6 |
| +2 | 19 | National University of Singapore | 30 | 9 | 18 | 24 | 3 | 55.6 |
| -6 | 20 | Cranfield | 12 | 15 | 27 | 17 | 28 | 53.9 |
| -4 | 21 | Hult | 11 | 27 | 19 | 23 | 9 | 52.9 |
| +1 | 22 | Toronto (Rotman) | 9 | 21 | 30 | 21 | 23 | 52.4 |
| -1 | 23 | Warwick | 23 | 16 | 13 | 28 | 16 | 51.6 |
| - | 24 | Ryerson (Rogers) | 28 | 26 | 12 | 3 | 7 | 51.3 |
| +4 | 25 | HKUST | 22 | 24 | 28 | 12 | 10 | 46.0 |
| -2 | 26 | CEIBS | 20 | 23 | 26 | 29 | 6 | 45.5 |
| +1 | 27 | ESIC | 26 | 17 | 31 | 5 | 29 | 41.3 |
| -3 | 28 | McGill (Desautels) | 29 | 25 | 21 | 19 | 21 | 39.5 |
| -3 | 29 | Erasmus (Rotterdam) | 21 | 31 | 29 | 27 | 15 | 38.7 |
| -3 | 30 | Copenhagen | 27 | 30 | 24 | 25 | 30 | 32.6 |
| - | 31 | HEC Montréal | 31 | 29 | 22 | 26 | 31 | 27.9 |
| № | School | Survey employer. (35%) |
Survey graduates (30%) |
Survey students (15%) |
The salary (10%) |
Index employment. (10%) |
Rank |
Rating calculation methodology
Bloomberg Businessweek Magazine focuses the ranking methodology on assessing how study programs contribute to graduate success at work and in their careers. The methodology includes a survey of recruiters, students and alumni.
Employer survey (35 percent)
The survey is conducted among employers hiring MBA graduates. This year, 686 recruiters from more than 400 companies took part in it. Each recruiter was asked to identify up to 10 schools with which they most often encountered in the last five years. They were then asked to rate the quality of training and the skills required in the work of the students of these schools. Later, these data were analyzed, weighted according to the degree of significance and processed - as a result, an intermediate rating of business schools was obtained according to the criterion of "employers' assessment."
Alumni survey (30 percent)
To study the impact of MBA on careers, we surveyed graduates who graduated from business school between 2009 and 2011. Also included was data from the 2016 alumni survey. As a result, almost 10,000 respondents were interviewed.
The ranking of schools was influenced equally by three factors:
- Increase in average income after MBA studies.
- Job satisfaction.
- Feedback on MBA training.
Student survey (15 percent)
Recent graduates are the best judges of MBA programs. They measure the campus climate, the effectiveness of career services, and the responsiveness of faculty and administrators.
Bloomberg Businessweek surveyed 9,461 2017 graduates this year. Data from the 2016 student survey was also included to make the assessment of schools more complete. The survey consisted of 27 questions and collection of other data: demographics, career plans, student debt, etc.
Employment rate (10 percent)
The Employment Rate is measured as the percentage of graduates who were looking for a job and were employed full-time within three months of graduating from an MBA. Schools provided data on the 2016 graduates with whom they kept in touch (data for 2017 were not ready at the time of calculating the rating). Entrepreneurs were excluded from the analysis.
Starting salary (10 percent)
The salary that young specialists received within three months after graduation was considered. To ensure the credibility of the estimate, the analysis included only baseline salaries and did not include additional compensation and bonuses. Also, fluctuations in wages by industry and region were taken into account and averaged. Consulting salaries were compared with salaries in the field of consulting, European incomes with European ones, and so on.
Final rating
Full-Time MBA Rankings were compiled by standardizing, averaging and weighing the values of each indicator:
P.S. Our editors omitted the details of the analysis and statistical processing of survey data, since this information is close to scientific data. You can find out all the details on the website
The most best schools businesses were determined based on the results of a survey of 17.5 thousand MBA-graduates of 2012 from more than 100 business schools.
The main criterion for the rating is the average return on investment in education over 5 years. Taking into account the leadership of the United States in training entrepreneurs, the best US business schools have been selected from the list of “best business schools in the world” in a separate ranking.
The list of "Best US Business Schools 2017" includes:
1. Wharton - University of Pennsylvania School of Entrepreneurship2. Stanford Graduate School of Business (Stanford) at the university of the same name
3. Harvard Business School (Harvard)
All US business schools have approximately the same average parameters:
General Business Aptitude Entrance Test (GMAT) - 725 pointsTuition fee - 139'000 USD
Salary upon admission to school - 80'000 USD / year
All costs of studies are recouped in 4 years after its completion
The list of "Best Business Schools in the World 2017" includes:
1. International Institute for Management Development (IMD), Switzerland2. European Institute of Business Administration (Insead), France
3. Institute of Business (IE Business School), Spain
The average scores for these schools are more modest than those in the United States. But the entrance threshold is significantly lower and the payback period for training is shorter:
General Business Aptitude Entrance Test (GMAT) - 676 pointsTuition fee - 66'000 USD
Salary upon admission to a business school - 63'000 USD / year
In 4 years the salary grows 2.6 times
All costs are recouped in 2.7 years
With the exception of Hong Kong, this TOP10 list includes only European business schools, three of which are located in the UK. Interestingly, according to the alternative rating of the Financial Times for 2016, most (49%) of the best business schools in Europe are located in France - 24 schools and in the UK - 20. Here are their leaders.
The best business schools in France. TOP 2016:
1. Higher Commercial School of Paris (HEC Paris)2. European Institute of Business Administration (Insead)
3. Higher Business School of the North (Edhec Business School)
Upon graduation, the average salary increase for graduates is 78%.
The best business schools in the UK. TOP 2016:
1. London Business School (LBS)2. Business School. V. Said at the University of Oxford: Said
3. Cambridge Business School of Judge (University of Cambridge: Judge)
Upon graduation, the average salary increase for MBA graduates is 85%.
The only best business school in Russia included in the Financial Times 2016 rating was graduate School management of St. Petersburg State University. It ranks 64th in the overall European ranking.
As for the ratings of Russian business schools, we have great difficulties with them in the country, since no one regularly deals with them, and the methodology of compiling them raises many questions. Attempts to create such a rating were made by the media: the Sekret Firmy magazine and the RBC portal.
The most recent of them is “ Best Business Schools Russia ”, compiled in 2016 by RBC (People's Rating) based on a survey of the satisfaction of graduates of these schools. This rating includes:
1. Graduate School of Management, St. Petersburg State University
2. Institute of Business and Business Administration, RANEPA
3. MBA & EMBA Kingston / RANEPA program
4. School of Business and International Competencies MGIMO
5. Institute of Business Administration and Business of the Financial University
6. Higher School of Business SUU
7. Moscow International Higher Business School MIRBIS
8. School of IT Management, Faculty of Economics, RANEPA
9. High school corporate governance RANEPA
10. Higher School of Finance and Management, RANEPA
As we can see, most of the schools are located in Moscow. If we combine schools by their parent university, we get the following rating "The Best Business Schools in Moscow":
1. RANEPA
2. MGIMO
3. Financial University
4. GUU
5. MIRBIS
6. Moscow State University M.V. Lomonosov
7. PRUE them. G.V. Plekhanov
8. NRU HSE
9. MFUU
10. VAVT
“Graduates of MBA of MIRBIS Institute highly appreciated the MBA and EMBA programs of our university, and we are grateful to them for taking part in the survey. The fact that MBA and EMBA students of the MIRBIS Institute receive the highest incomes based on the results of their studies is a high reward for us and no less responsibility.
After all, most of our new students come to receive additional education to the MIRBIS Institute, based on feedback from alumni. And our task is to make educational products of the MIRBIS Institute as useful as possible for students. It is no exaggeration to say that hundreds of destinies depend on the quality of our work: the knowledge gained by students in the learning process is the foundation for their entire subsequent life, "commented on the results of the" People's rating "
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