2013/2014 QS Global 200 Business Schools Reportcontent.qs.com/we/QS_Global_200_BusinessSchools.pdf · QS Global 200 Business Schools Report 2013/2014 Nunzio Quacquarelli, MA Cambridge,

QS Global 200 Business Schools Report

2013/2014

Nunzio Quacquarelli, MA Cambridge, MBA Wharton

Danny Byrne, BA Oxford, MA University College London

Unlocking the world’s top 200 business schools according to MBA employers

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The QS Global 200 Business Schools Report originated in the

early 1990s as an alternative to business school rankings.

The ratings provide a detailed overview of the most popular

business schools around the world, based on details provided to

QS by over 4,318 employers who actively recruit MBA graduates.

Without inferring any overall rankings, QS’ objective is to

provide a resource to help prospective MBA students identify

the business schools from which employers most actively

recruit. The research is intended to be of use to MBA employers,

prospective MBA students and institutions worldwide that are

interested in international business education and recruitment

trends.

At the heart of the report is the definitive list of 200 business schools

from which employers prefer to recruit MBAs. This list is compiled

from an annual survey of human resources (HR) managers and line

managers with recruiting responsibilities at companies around the

world. Each year, employers recommend new schools to be added to

the list. This is then sent to other recruiters to rate.

Introduction

QS Global 200 Business Schools Report 2013/14

Fast Facts

1.0

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• Five schools received the maximum score for employer recognition, identifying

them as the leading schools in their region: Harvard and Stanford (North

America), INSEAD - France and London Business School (Europe), and INSEAD

– Singapore (Asia-Pacific).

• Report highlights four distinct categories of business school in terms of

employer recognition: Elite Global; Emerging Global; Elite Regional; Emerging

Regional

• Of the 33 leading institutions to make the Elite Global category, 12 are from the

US. The other nations with Elite Global business schools are Canada (6), UK (3),

Spain (3), Switzerland (2), France (2), Denmark (1), India (1), Ireland (1), Italy (1)

and Singapore (1).

• Australia has no Elite Global business schools, despite having the third-

highest number of global top-100 universities in the QS World University

Rankings. The UK has just three, despite having four of the top ten universities

in the world

• MBAs from Elite Global schools in North America earn more than those from

any other region. Salary+bonus packages average US$123,239, slightly more

than the European figure of US$122,983

• The school with the highest average graduate salary is Switzerland’s IMD

(US$159,912), ahead of the US’s Stanford Graduate School of Business

(US$156,265)

• Schools ranked for employer reputation in ten subject specializations. Harvard

tops the table in five subjects, with five other schools top in one subject each:

INSEAD, Kellogg, MIT Sloan, Stanford and Wharton

6 2013/14 QS Global 200 Business Schools Report

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• Two Asian schools make the Elite Global category: INSEAD Singapore and Indian

Institute of Management, Ahmedabad

• Still no Elite Global schools in either Africa & Middle East or Latin America

• The top schools in Africa & Middle East for employer reputation are South

Africa’s University of Cape Town Graduate School of Business and University of

Witwatersrand, and American University of Sharjah

• Top Latin American schools are EGADE-Tecnologico de Monterrey, Campus

Monterrey, Pontificia Universidad Católica de Chile, and Business School Sao

Paulo


Business school categories

2.0

This year’s report divides the world’s top 200 business schools into four categories, based on their level of international employer recognition.


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Elite global

Elite Global business schools form an established cadre of

the world’s very best business institutions. They are targeted

by a wide range of employers, both domestically, regionally

and globally. Highly international, they typically admit only

experienced candidates with superior GMAT scores and all-

round credentials. Their name will transform the resume of

any candidate. MBAs will in many cases go on to be influential

business leaders, and can expect to earn top salaries upon

graduation.

Emerging Global

Emerging Global business schools have an established reputation

for excellence among employers that stretches well beyond

their region. They attract high-quality candidates from all over

the world, and graduates can expect to earn highly competitive

salaries. Though in many cases they are newer and not as firmly

established as the ‘brand name’ institutions that make up the

Elite Global cluster, these institutions will in many cases aspire to

break into the Elite Global group in years to come.

Elite Regional

Elite Regional institutions are well regarded by employers within

their region, and may have started to develop a reputation further

afield. Admitted students typically have strong credentials,

though they may be slightly less experienced on average than

those at Elite Global or Emerging Global institutions. Elite

Regional institutions are often younger institutions that, having

established an excellent reputation among employers within their

region, will be looking to establish their brand as one with a truly

global reach.

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Emerging Regional

Emerging Regional institutions have established a solid reputation

among employers within their own country. They will appeal to

candidates with fewer years of professional experience, and graduate

salaries are on average more modest than those at Elite Regional

institutions. Having established a good reputation among domestic

employers, they will now be looking to increase their visibility among

international employers and students.

In addition to these global groupings, the research provides ratings of

the most popular business schools according to two definitive categories:

• Regional ratings:

• Africa and the Middle East

• Asia-Pacific

• Europe

• Latin America

• North America

• MBA specialization* ratings:

• Corporate social responsibility (CSR)

• Entrepreneurship

• Finance

• Information management

• Innovation

• International management

• Leadership

• Marketing

• Operations management

• Strategy

*MBA specialization refers to a business school’s perceived area of expertise

among MBA employers. Throughout the report the above 10 areas of expertise

are referred to as ‘MBA specializations’.


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Regional MBA ratings

Management education is globalizing. The past

decade has seen an increase of accredited business

schools open in emerging markets such as in the

BRIC countries (Brazil, Russia, India, and China).

While business schools in the US and Europe remain

the most popular study destinations among MBA

students, schools elsewhere in the world such as

those in Asia-Pacific are growing in popularity. The

proliferation of accredited programs around the

globe has led to a wider choice for MBA applicants

over the past few years. Recent trends indicate that

there is greater onus on choosing the right country

as well as the right business school. According to

the TopMBA.com Applicant Survey 2013, over 50%

of MBA students are choosing schools based on the

country in which they wish to work.

Furthermore, international MBA recruiting is no

longer the domain of a few prestigious US and

European companies. A growing number of HR

managers in the Asia-Pacific region, Latin America,

and the Middle East are informed about MBA

education. Managers in these regions have been

asked to share their views on the schools they would

prioritize for MBA hiring.

There is a greater focus on regional MBA trends

and in order to provide data to help students and

recruiters choose which schools to apply to and

recruit from, QS has categorized its business school

ratings by region.

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MBA specialization ratings

According to the QS TopMBA Applicant Survey,

school specializations are the eighth most

important criterion for school selection. According

to the survey, which is the largest of its kind, school

specializations are more important to applicants

than MBA rankings, convenience of location, or

recommendations from peers, colleagues and even

employers.

The MBA curriculum is changing to respond to

this in the offering of MBA specializations. For

professionals who want to further their careers in

the field that they are already working in, an MBA

with a specialist focus would be a viable option.

In developing ratings on MBA specializations, QS’

aim is to provide a useful resource for prospective

students and employers’ alike to help aid decisions

over which schools to apply to, or which to

recruit from. MBA programs that do not offer

specializations can still produce graduates that

excel in specialist fields.

The results of the QS Global 200 Business Schools

Report are based on MBA recruiters’ opinions and

as such, employers also voted on general MBA

programs that provide training and education

in any one of 10 specialist fields, as well as

programs that specialize in a particular field.

There is now greater diversity in the many MBA

specializations on offer, but QS rates the 10 core

MBA specializations.


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The objective of the QS Global 200

Business Schools Report is to provide

an indication of the employability of

an MBA upon graduation. As such, QS

believes a ratings system as opposed

to the traditional business school

rankings provides a reliable measure of

the employability outcome of an MBA

program.

Traditional rankings assess on average

15 to 20 criteria in order to provide

an overarching indication of student

satisfaction. These vary but are mostly

based on general aspects: academic

peer review, citations per faculty,

faculty-student ratio, and international

students, for example.

The QS Global 200 Business Schools

Report only measures one indicator –

the employability outcome of an MBA

program by region and specialization.

Focusing solely on employers’ views

provide a reliable insight as to which

business schools produce MBA

graduates and alumni that are favored

by recruiters. This is derived from

employers’ votes as to which schools

they prefer to recruit MBA graduates.

Employers and HR decision makers

worldwide are at the forefront of

witnessing the worth of an MBA.

QS believes that they are in the best

position to judge the value of a business

school’s graduates, and have among the

most objective and informed opinions

as to which are the ‘best’ business

schools. When an HR department selects

a business school to recruit MBAs

from, the decision will often be the

result of an intensive research exercise:

evaluating the strength of faculty, the

facilities and the relevance of the course

to the employee and the company’s

needs.

Similarly, when HR managers choose

which business schools to recruit from,

they will draw from a wide range of

information sources. They assess the

quality and efficiency of the schools’

career services and the reputation of the

school, for example. HR decision makers

look beyond rankings and examine the

facilities, the course content and the

quality of students. Year-on-year, this

survey reveals remarkable consistency

in school selection. Allegiance to

particular schools is not gained or lost

by one good or bad student but by a

sustained experience over several years.

Global employability: business school rankings or ratings?

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Methodology

The QS Global 200 Business Schools Report survey (hereafter referred

to as the ‘survey’) captures the preferred set of business schools each

responding employer wishes to recruit from, either now, in the recent

past or in the near future.

QS asks international employers to select the schools they consider for

hiring MBA graduates from. Employers that focus on domestic hiring

are not included in the survey. However, QS recognizes that many

excellent schools that cater predominantly for their local recruitment

market may therefore not appear in the tables.

We include only business schools offering full-time MBA programs

and as such well-known business schools like ESCP Europe and HEC

Lausanne (which only offer executive MBA, part-time MBA and/or

masters programs) are excluded.

In order to produce the QS Global 200 Business Schools Report, QS

focuses on experienced HR and line managers at organizations that

actively recruit MBAs. Respondents from each company are asked

a series of questions about MBA recruiting in the previous and the

forthcoming year.

Employer responses to these questions provide information on the

following:

• MBA recruitment trends

• MBA salaries and compensation trends

• Global business school ratings by region

• Global business school ratings by specialization

Each employer is asked to list, unprompted, the international schools

from which they have recently attempted to recruit MBAs. Each time

a school is selected by an employer, it receives one vote and the total

number of votes is referred to as the ‘total unprompted votes.’


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From a list of 500 business schools that have been categorized

by region, employers are then asked to identify the schools they

regard as attractive for the purpose of hiring MBA graduates.

In order to be included in the survey, a school must have

been recommended by an employer in the previous year of

the research. Each time a school is voted, it is given one vote,

referred to as the ‘total prompted votes’.

The prompted and unprompted votes are added together to

create the ‘total employer votes’. In order to ensure balanced

results that are not subject to influence from the economic

cycle, an average of the ‘total employer votes’ is taken from the

current year’s research and the previous two year’s research.

The best performing school(s) are given an index score of 100

and the average total employer votes is indexed against the

best performing school(s). This indexing does not affect the

relative positions of schools in any given year. This score is

known as the school’s ‘index of employer votes’.

This research does not intend to infer an overall ranking of

schools. The tables list schools in clusters, categorized by

region and specialization. The relative employer position of

schools is displayed based on their employer score in that year

and a rating within the region or specialization.

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Rating the business schools

The table below provides a summary of the number of business schools in each region which

make up the list of the QS Global 200 Business Schools Report. Schools that achieved an

index of employer votes of over 11 are included in the definitive list of 200 business schools.

Schools are presented in clusters, which provide distinction in terms of recognition among

employers. The relative positions within the clusters are not considered significant by the

authors of this report.

Number of schools Featured By Region

Top Cluster: Index of Employer Votes >=65

2nd Cluster: Index of Employer Votes >=23

3rd Cluster: Index of Employer Votes >= 14

4th Cluster: Index of Employer Votes >= 11

North America 18 27 20 22

Europe 13 20 12 10

Asia-Pacific 2 11 9 11

Latin America 8 1 1

Africa & Middle-East 4 1

Source: QS Global Business Report 2012-2013 (TopMBA.com)


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Sample

The survey was conducted between March and July 2013 and represents one of

the largest exercises QS has undertaken in terms of geographic scope and level of

detail.

The total 28,000 employer responses counted in 2013 included 4,318 who were

actively recruiting MBAs. All employers who responded to the survey are

guaranteed confidentiality for the components of their individual responses, except

for any open-ended feedback they have chosen to provide on the value of an MBA or

concerns with MBA hires.

* Comparative figures for the previous year are shown in brackets.

The following table gives a snapshot of some of the organizations that took part

in the survey across the world. A more comprehensive list can be found in the

appendix at the end of this document.

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Sample of responding employers by region in 2013

Consulting Finance Industry Technology

Asia-Pacific Accenture AIG Investments 3M BenQ

KPMG Daewoo Securities AkzoNobel GE

Towers Watson Goldman Sachs TATA LG

Africa & Middle East

Booz & Company American Express Abdul Latif Jameel (Toyota)

ACS

Deloitte Consulting Investec Bank Ltd Delta Group Microsoft

IBM Johannesburg Stock Exchange

Aramco SAP

Europe BCG Citibank BAE Systems Alcatel-Lucent

A.T. Kearney Barclays Carl Zeiss AG Cognizant

Frost & Sullivan Credit Suisse E.ON Google

Latin America London Consulting Group BBVA Adidas Accenture

Signium Santander Bayer Hewlett Packard

TATA Consultancy Services J.P. Morgan Coca-Cola Telefonica

US & Canada Bain & Company BlackRock Comcast IBM

Capgemini Morgan Stanley Ford Intel Corporation

Navigant Prudential Johnson & Johnson Cisco


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0 100 200 300 400 500

Industry distribution of employers

The chart below shows the spread of employers across 20 industries. This reflects

the global spread of industries that hire MBAs. The consulting and professional

services sector are the largest respondents in 2011, reflecting the surge in MBA

demand within this sector. Banking and financial services are the second largest

responding sector, followed by HR/recruitment services. Manufacturing, IT, FMCG

and energy are also well represented in the sample.

Recruitment / HR services

Retail

Telecoms

Transportation / Distribution

Travel / Leisure / Hospitality

Utilities

Public Sector / Govt. / Non-profit

Pharmaceuticals / Biotech & Healthcare

Other

Metals / Mining

Media / Entertainment & Arts

Manufacturing / Engineering

Law

IT / Computer Services

FMCG

Financial Services / Banking

Energy

Electronics / High Technology

Consulting / Professional Services

Construction / Property

Aerospace / Defence

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Aerospace / Defence 21

Construction / Property 138

Consulting / Professional Services 567

Electronics / High Technology 129

Energy 143

Financial Services / Banking 379

FMCG 203

IT / Computer Services 281

Law 21

Manufacturing / Engineering 329

Media / Entertainment & Arts 58

Metals / Mining 104

Other 578

Pharmaceuticals / Biotech & Healthcare 157

Public Sector / Govt. / Non-profit 145

Recruitment / HR services 343

Retail 92

Telecoms 93

Transportation / Distribution 81

Travel / Leisure / Hospitality 65

Utilities 56

Grand Total 3983

Source: MBA Jobs & Salary trends 2013


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Geographical distribution of employers

Responses were received from employers across the globe:

Africa & Middle East 5%

Asia Pacific 29%

Eastern Europe 6%

Latin America 33%

US & Canada 6%

Western Europe 21%

Grand Total 100%


2013 QS Global 200 Business School Ratings:Elite Global business schools


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Elite Global business schools

Elite Global business schools form an established cadre of the world’s

very best business institutions. They are targeted by a wide range

of employers, both domestically, regionally and globally. Highly

international, they typically admit only experienced candidates with

superior GMAT scores and all-round credentials. Their name will

transform the resume of any candidate. MBAs will in many cases go on

to be influential business leaders, and can expect to earn top salaries

upon graduation.

This year’s report shows that while Elite Global institutions remain

clustered in North America and particularly the US, they are also present

across Europe and to a lesser degree in Asia-Pacific. As yet there are no

Elite Global business schools in the Middle East and Africa, or Latin

America.

Of the 33 leading institutions to make the Elite Global category, 12 are

from the US. The other nations with Elite Global business schools are

Canada (6), UK (3), Spain (3), Switzerland (2), France (2), Denmark (1),

India (1), Ireland (1), Italy (1) and Singapore (1).

Emerging Global business schools

Emerging Global business schools have an established reputation for

excellence among employers that stretches well beyond their region.

They attract high-quality candidates from all over the world, and

graduates can expect to earn highly competitive salaries. Though

in many cases they are newer and not as firmly established as the

‘brand name’ institutions that make up the Elite Global cluster, these

institutions will in many cases aspire to break into the Elite Global

group in years to come.

There are a total of 73 Emerging Global schools worldwide. North

America leads with 27, ahead of Europe (20), Asia-Pacific (12), Latin

America (8) and Middle East & Africa (4).

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Elite Regional business schools

Elite Regional institutions are well regarded by employers within their region,

and may have started to develop a reputation further afield. Admitted students

typically have strong credentials, though they may be slightly less experienced on

average than those at Elite Global or Emerging Global institutions. Elite Regional

institutions are often younger institutions that, having established an excellent

reputation among employers within their region, will be looking to establish their

brand as one with a truly global reach.

There are a total of 45 Elite Regional schools worldwide. North America leads with

20, ahead of Europe (14), Asia-Pacific (9), Latin America (1) and Middle East & Africa

(1).

Emerging Regional schools

Emerging Regional institutions have established a solid reputation among

employers within their own country. They will appeal to candidates with fewer

years of professional experience, and graduate salaries are on average more modest

than those at Elite Regional institutions. Having established a good reputation

among domestic employers, they will now be looking to increase their visibility

among international employers and students.

There are a total of 44 Emerging Regional schools worldwide. North America leads

with 22, ahead of Europe (10), Asia-Pacific (11) and Latin America (1).

Top business schools by region: North America


2 QS Global 200 Business Schools Report 2013/14

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1. Elite global

2013 2012 Institution CountryEmployer Index

Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

1 1 Harvard Business School United States 100,0 730 4 34 41 941

2 3 Stanford University Graduate School of Business

United States 100,0 729 4 42 35 398

3 4 The Wharton School, University of Pennsylvania

United States 99,9 725 5 35 42 845

4 6 The University of Chicago Booth School of Business

United States 99,6 715 5 33 35 579

5 2 The Kellogg School of Management, Northwestern University

United States 99,6 708 5 40 35 477

6 5 Columbia Business School, Columbia University

United States 98,4 670 5 34 29 213

7 9 UCLA Anderson School of Management

United States 94,1 704 5 33 34 360

8 13 Joseph L. Rotman School of Management, University of Toronto

Canada 91,0 673 4,5 48 31 313

9 7 Sloan School of Management, Massachusetts Institute of Technology (MIT)

United States 88,9 710 5 39 38 390

10 10 The Fuqua School of Business, Duke University

United States 88,1 690 5 40 33 432

11 8 Haas School of Business, UC Berkeley United States 85,2 715 5 37 33 240

12 11 University of Michigan, Ross School of Business

United States 83,8 703 5 36 30 502

13 16 York University, Schulich School of Business

Canada 77,3 664 5 50 36 345

14 12 Richard Ivey School of Business, The University of Western Ontario

Canada 76,0 669 5 31 29 133

15 14 Desautels Faculty of Management at McGill University

Canada 75,3 670 5 55 35 70

16 21 HEC Montreal Canada 72,3 630 7 37 28 113

17 17 Yale School of Management, Yale University

United States 71,5 717 6 27 35 230

18 18 Queen's School of Business Canada 71,2 661 5 40 32 119

Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)

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While in the past two years there has been a stable hierarchy of leading schools in North

America, this year’s results see a greater level of variation at the top of the table.

Harvard retains the top spot, yet last year’s second-placed institution Kellogg School of

Management drops to fifth, overtaken by Stanford, Wharton and Chicago Booth.

Canadian school Joseph L Rotman is the biggest climber in the top ten, moving up five places

to eighth. The only school to drop out of the top ten this year is UC Berkley’s Haas School of

Business, which drops three places to 11th.

A total of 18 schools from the region qualify for Elite Global status. The two new additions

are the University of North Carolina’s Kenan-Flagler Business School, and the MBA program

at Canada’s University of Alberta. The US accounts for two-thirds of the Elite Global schools

in the region, with 12 to Canada’s six.

The top three schools are also the strongest in terms of students’ average GMAT scores,

suggesting that there is a close match between the perceptions of employers and the best-

qualified MBA students.

However, the correlation is far less precise beyond the leading three. NYU Stern School of

Business is placed fourth for average GMAT scores but just 21st for employer recognition,

with 17th-placed Yale School of Management and 11th-placed Haas School of Business also

boasting among the highest average GMAT scores.

In the case of NYU Stern, the New York City factor may help it to attract top candidates, while

Berkeley and Yale both have big-name pulling power. In contrast, Columbia, Rotman and

Fuqua all make the top ten for employer recognition yet have average GMAT scores of under

700 – a benchmark reached or surpassed by 15 other schools.


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InstitutionAvg Salary on Graduation (USD)

Avg Mean Bonus (USD)

% Employed 3 Months After Graduation

Program Length (Months)

Total Tuition Fees (USD)

Harvard Business School 120000 26216 74 24 112350

Stanford University Graduate School of Business 129692 26573 92 24 119100

The Wharton School, University of Pennsylvania 120000 28563 83 21 119472

The University of Chicago Booth School of Business 115079 27680 89 21 117520

The Kellogg School of Management, Northwestern University

120000 21755 86 20 118170

Columbia Business School, Columbia University 103453 25549 94 20 121440

UCLA Anderson School of Management 100000 22320 80 24 75180

Joseph L. Rotman School of Management, University of Toronto

89848 13237 82 18 75000

Sloan School of Management, Massachusetts Institute of Technology (MIT)

118406 22925 94 24 61440

The Fuqua School of Business, Duke University 112626 27793 80 22 118000

Haas School of Business, UC Berkeley 97000 20272 80 21 77096

University of Michigan, Ross School of Business 111047 26111 85 21 116900

York University, Schulich School of Business 86587 8730 94 16 55900

Richard Ivey School of Business, The University of Western Ontario

93078 10668 90 12 78280

Desautels Faculty of Management at McGill University 90000 22000 98 20 80000

HEC Montreal 72776 5800 71 12 14200

Yale School of Management, Yale University 104147 26318 85 21 114400

Queen's School of Business 62580 9495 80 12 82000


Average salaries

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The top three schools for employer recognition and GMAT scores, Harvard,

Stanford and Wharton also have the highest average salaries, underlining

their dominance. Yet second-placed Stanford beats Harvard, with average

salary-plus-bonus remuneration totaling an impressive US$156,235.

McGill University’s Desautels Faculty of Management has the highest

employment rates, with 98% of graduates having secured jobs within three

months of graduation – though at US $112,000, average remuneration is not

quite as high as at the top US schools.

Average salaries for MBAs from Elite Global schools in North America

stand at US$102,573, with an average bonus of $20,666 bringing the

total package to around $123,239. This places them just ahead of MBAs

graduating from Elite Global schools in Europe, who earn average salary-

plus-bonus packages of $122, 983.

Though base salaries tend to be slightly lower than in Europe (US$102,573

compared to US$107,432), North American graduates earn significantly

higher bonuses, averaging US$20,666 compared to the European figure of

US$15,551.


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Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

19 15 Sauder School of Business, University of British Columbia

Canada 64,4 646 6 56 26 124

20 20 Thunderbird School of Global Management

United States

60,2 618 5 58 27 303

21 19 Stern School of Business, New York University (NYU)

United States

56,2 720 5 39 35 389

22 31 University of Alberta, Alberta MBA Programs

Canada 53,2 600 5 56 42 80

23 25 Kenan-Flagler Business School, University of North Carolina

United States

49,6 690 5 36 29 290

24 24 Boston University School of Management

United States

48,0 683 5 37 33 147

25 27 Kelley School of Business, Indiana University

United States

38,5 664 5 34 30 178

26 29 Tepper School of Business, Carnegie Mellon University

United States

38,2 693 5 32 27 203

27 22 Tuck School of Business at Dartmouth United States

36,9 716 5 36 35 280

28 30 University of Virginia Darden School of Business

United States

35,9 703 5 34 35 320

29 28 McCombs School of Business, Univ. of Texas at Austin

United States

35,7 684 5 25 33 261

30 37 Texas A&M University, Full-Time MBA Program, Mays Business School

United States

33,2 649 5 35 24 66

31 23 S.C. Johnson Graduate School of Management, Cornell University

United States

32,7 700 5 34 30 271

32 44 School of Business Administration, University of Miami

United States

32,2 638 3 29 38 88

33 35 McDonough School of Business, Georgetown University

United States

31,8 684 5 22 29 258

34 33 University of Illinois Urbana-Champaign - Illinois MBA

United States

31,6 650 4 41 26 123

35 36 Georgia Tech College of Management United States

31,3 678 5 13 31 68

36 26 Goizueta Business School, Emory University

United States

30,8 681 5 37 23 205

2. Emerging Global

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37 32 Vanderbilt University, Owen Graduate School of Management

United States

29,9 682 5 22 35 175

38 67 The Carroll School of Management, Boston College

United States

28,7 666 4 31 31 103

39 47 Babson College United States

27,4 630 5 42 29 160

40 42 Hult International Business School United States

27,2 610 6 86 29 2250

41 38 Florida International University, Chapman Graduate School of Business

United States

26,1 555 3 41 35 85

42 34 Marshall School of Business, University of Southern California

United States

25,7 700 5 19 30 1794

43 Weatherhead School of Management, Case Western Reserve University

United States

24,0 615 3 52 42 106

44 51 John Molson School of Business, Concordia University

Canada 23,9 623 6 58 37 74

45 43 Edwards MBA University of Saskatchewan

Canada 23,2 550 4 13 17 30

46 56 University of Calgary, Haskayne School of Business

Canada 23,0 620 5 46 32 53


The US accounts for 22 of the 27 Emerging Global schools in North America, with Canada

claiming five. The three schools closest to the Elite Global category are Canada’s Sauder

School of Business, University of British Columbia, and the US’s Thunderbird School of

Global Management and Stern School of Management, NYU.

Four Emerging Global schools in the region have a GMAT average score of over 700: NYU

Stern (720), Tuck School of Business Dartmouth (716), University of Virginia Darden School of

Business (703), S.C. Johnson Graduate School of Management, Cornell University (700) and

Marshall School of Business, University of Southern California (700).

As in the Elite Global, the level of correlation between level of employer recognition and

average GMAT scores is highly variable. NYU Stern’s score places it above all but three of the

region’s Elite Global schools, while the lowest-ranked school in the category for employer

recognition, University of Southern California, is among the best GMAT performers


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Average salaries






Sauder School of Business, University of British Columbia 81028 11150 80 16 52000

Thunderbird School of Global Management 83034 N/A N/A 18 86160

Stern School of Business, New York University (NYU) 94968 26291 80 22 122548

University of Alberta, Alberta MBA Programs 73329 9800 94 20 97900

Kenan-Flagler Business School, University of North Carolina 102170 24606 86 21 107984

Boston University School of Management 97734 15561 87 21 87940

Kelley School of Business, Indiana University 97489 19740 89 21 93100

Tepper School of Business, Carnegie Mellon University 100000 18289 96 21 115000

Tuck School of Business at Dartmouth 115302 27384 93 21 117870

University of Virginia Darden School of Business 109335 27900 92 21 101800

McCombs School of Business, Univ. of Texas at Austin 105112 23426 94 21 97664

Texas A&M University, Full-Time MBA Program, Mays Business School

93511 11040 100 16 46399

S.C. Johnson Graduate School of Management, Cornell University

106900 26900 79 21 111896

School of Business Administration, University of Miami 62613 19429 80 21 83040

McDonough School of Business, Georgetown University 99799 24071 89 21 107200

University of Illinois Urbana-Champaign - Illinois MBA 82693 11667 89 21 59952

Georgia Tech College of Management 93195 15236 94 22 110656

Goizueta Business School, Emory University 103453 25549 94 22 92000

Vanderbilt University, Owen Graduate School of Management

95134 22219 92 21 90000

The Carroll School of Management, Boston College 94147 12290 85 22 84000

Babson College 89742 14706 88 21 83668

Hult International Business School 89510 10000 80 12 65800

Florida International University, Chapman Graduate School of Business

49574 4177 80 12 35490

Marshall School of Business, University of Southern California

82405 16000 93 22 108792

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Weatherhead School of Management, Case Western Reserve University

80762 10857 N/A 21 87960

John Molson School of Business, Concordia University 72707 10000 77 16 35255

Edwards MBA University of Saskatchewan 63088 N/A 94 12 35000

University of Calgary, Haskayne School of Business 63300 5000 96 16 27000

The average starting salary+bonus package for MBAs from Emerging Global schools in

North America stands just short of six figures, at US$97,617. This compares to an average of

$123,239 for graduates from the region’s Elite Global schools.

Seven schools have average six-figure base salaries: Kenan-Flagler Business School,

University of North Carolina (US$102,170), Tepper School of Business, Carnegie Mellon

University ($100,000), Tuck School of Business at Dartmouth ($115,000), University of Virginia

Darden School of Business ($109,335), McCombs School of Business, Univ. of Texas at Austin

($105,112), S.C. Johnson Graduate School of Management, Cornell University ($106,900) and

Goizueta Business School, Emory University ($103,453).

Top salary+bonus packages are earned by MBAs from Tuck School of Business at Dartmouth

($142,686), followed by University of Virginia Darden School of Business ($137,235). The

lowest earners are MBAs from Florida International University, Chapman Graduate School of

Business, with total packages averaging US$53,751.


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Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

47 53 University of Colorado at Boulder Leeds School of Business

United States 22,6 630 5 24 25 83

48 University of Massachusetts - Boston - Boston MBA Program

United States 22,5 587 4 52 50 42

49 University of Victoria - Faculty of Business

Canada 22,2 573 4 57 51 53

50 49 Georgia State University, J. Mack Robinson College of Business

United States 21,7 571 5 43 57 26

51 64 The Paul Merage School of Business, University of California, Irvine

United States 21,2 673 5 28 23 83

52 45 The Johns Hopkins Carey Business School

United States 20,6 650 3 56 40 N/A

53 78 Darla Moore School of Business, University of South Carolina

United States 20,6 622 5 15 27 93

54 62 University of California - Davis, Graduate School of Management

United States 20,4 692 4 25 35 55

55 74 American University Kogod School of Business

United States 19,8 575 4,5 30 40 30

56 The Fox School of Business, Temple University

United States 19,8 617 5 14 44 52

57 41 Simon Fraser University, Segal Graduate School of Business

Canada 19,7 630 9 36 27 55

58 39 University of Wisconsin-Madison Wisconsin School of Business

United States 19,6 675 5 9 41 118

59 40 Rice University, Jesse H. Jones Graduate School of Business

United States 18,9 676 5 29 35 116

60 55 Max M. Fisher College of Business, The Ohio State University

United States 18,8 673 5 34 25 118

61 Rady School of Management, University of California, San Diego

United States 18,7 680 4,4 47 40 53

62 57 School of Business, George Washington University

United States 16,8 635 4 35 42 113

3. Elite Regional

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63 Telfer School of Management, University of Ottawa

Canada 16,5 622 7 49 27 49

64 University of San Francisco, Masagung Graduate School of Management

United States 16,2 570 4 33 51 70

65 W. P. Carey School of Business, Arizona State University

United States 15,0 675 4,8 42 25 69

66 59 University of San Diego United States 14,5 626 4 37 32 20

67 82 Rutgers Business School - Newark and New Brunswick

United States 14,4 644 4 18 18 90


Average salaries






University of Colorado at Boulder Leeds School of Business 76750 3929 69 21 71146

University of Massachusetts - Boston - Boston MBA Program

N/A N/A 88 20 35000

University of Victoria - Faculty of Business N/A N/A 80 17 27945

Georgia State University, J. Mack Robinson College of Business

80906 N/A 52 14 37544

The Paul Merage School of Business, University of California, Irvine

79000 12840 94 21 94176

The Johns Hopkins Carey Business School N/A N/A N/A 21 96000

Darla Moore School of Business, University of South Carolina

76572 9292 84 23 71580

University of California - Davis, Graduate School of Management

91569 10886 93 21 95494


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American University Kogod School of Business 80000 13500 74 22 66028

The Fox School of Business, Temple University 79078 13356 98 24 62624

Simon Fraser University, Segal Graduate School of Business 52000 N/A 68 12 34500

University of Wisconsin-Madison Wisconsin School of Business

91625 18695 86 21 62442

Rice University, Jesse H. Jones Graduate School of Business

99506 16058 92 22 97000

Max M. Fisher College of Business, The Ohio State University

80081 15264 80 21 92704

Rady School of Management, University of California, San Diego

73000 11500 79 21 84000

School of Business, George Washington University 84208 13250 85 21 84645

Telfer School of Management, University of Ottawa 70900 N/A 78 12 37000

University of San Francisco, Masagung Graduate School of Management

70000 2000 65 21 69560

W. P. Carey School of Business, Arizona State University 92556 13000 89 22 94000

University of San Diego 78289 N/A 70 22 73360

Rutgers Business School - Newark and New Brunswick 85053 15593 91 24 80000

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4. Emerging Regional


Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

68 46 Claremont Graduate University - Peter F. Drucker

United States 13,9 625 2 30 47 39

69 77 Robert H. Smith School of Business, University of Maryland

United States 13,8 660 4,5 34 31 278

70 54 University of Denver, Daniels College of Business

United States 13,7 614 4 32 30 106

71 50 The Eli Broad Graduate School of Management, Michigan State University

United States 13,3 630 4 33 20 92

72 65 Southern Methodist University, Cox School of Business

United States 13,2 641 4 22 22 108

73 71 Graduate School of Business, California Lutheran University

United States 12,8 550 4 30 40 80

74 Shidler College of Business, University of Hawaii at Manoa

United States 12,6 626 5 16 32 38

75 61 Mendoza College of Business, University of Notre Dame

United States 12,4 692 5 8 23 130

76 Katz Graduate School of Business, University of Pittsburgh

United States 12,3 608 4 44 28 104

77 Pepperdine University, The Graziadio School of Business

United States 12,0 628 4 12 35 25

77 52 Smeal College of Business, Penn State University

United States 12,0 643 5 32 26 80

79 Charles H. Kellstadt Graduate School of Business, DePaul University

United States 11,9 623 4 27 23 52

80 75 Michael G. Foster School of Business, University of Washington

United States 11,8 670 6 20 38 130

81 58 DeGroote School of Business, McMaster University

Canada 11,7 630 2 24 37 235

82 73 School of Management, University at Buffalo / SUNY

United States 11,4 606 1 30 33 102

83 76 Naveen Jindal School of Managementt, The University of Texas at Dallas

United States 11,3 669 4 40 60 63

83 66 Olin Business School, Washington University in St. Louis

United States 11,2 695 4,4 33 25 148


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85 60 Krannert School of Management, Purdue University

United States 11,1 632 4 64 24 239

86 70 Auburn University College of Business United States 9,8 619 3 25 38 48

87 48 University of Minnesota, Carlson School of Management

United States 9,7 690 4 30 25 107

88 Clark University Graduate School of Management

United States 9,5 566 3 59 46 45

89 68 Mason School of Business, College of William & Mary

United States 9,3 610 4 44 40 112

90 LeBow College of Business, Drexel University

United States 9,2 613 5 38 35 35


Average salaries

Institution

Avg Salary on Graduation (USD)





Claremont Graduate University - Peter F. Drucker 73215 12000 N/A 24 101400

Robert H. Smith School of Business, University of Maryland

92938 12548 82 21 76950

University of Denver, Daniels College of Business 53083 11800 61 21 69840

The Eli Broad Graduate School of Management, Michigan State University

83588 14216 91 24 104724

Southern Methodist University, Cox School of Business 87694 16694 95 22 86072

Graduate School of Business, California Lutheran University

N/A N/A N/A 12 32000

Shidler College of Business, University of Hawaii at Manoa N/A N/A 83 21 42296

Mendoza College of Business, University of Notre Dame 99500 15000 87 21 90260

Katz Graduate School of Business, University of Pittsburgh 63000 9000 86 20 90584

Pepperdine University, The Graziadio School of Business 72815 12756 N/A 20 77523,5294117647

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Smeal College of Business, Penn State University 84345 10915 86 21 94232

Charles H. Kellstadt Graduate School of Business, DePaul University

63000 6000 88 18 62700

Michael G. Foster School of Business, University of Washington

109000 14330 97 24 110484

DeGroote School of Business, McMaster University 66700 3000 80 20 76875

School of Management, University at Buffalo / SUNY 50157 6119 77 21 40292

Naveen Jindal School of Managementt, The University of Texas at Dallas

78107 11277 87 16 26000

Olin Business School, Washington University in St. Louis 95000 15000 94 22 99400

Krannert School of Management, Purdue University 85897 15482 83 21 87000

Auburn University College of Business 57169 3786 N/A 17 31500

University of Minnesota, Carlson School of Management 82436 16158 97 22 90000

Clark University Graduate School of Management N/A N/A N/A 24 113850

Mason School of Business, College of William & Mary 75674 12885 83 21 82708

LeBow College of Business, Drexel University 65000 5357 63 18 54000

Top business schools by region: Europe



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1. Elite global

INSEAD retains its position as the region’s number one institution ahead of London Business

School (LBS) his year. The two have a profile among international MBA employers that far

exceeds that of any other school in the region, and places them alongside Harvard Business

School at the top of the global hierarchy.

Behind the top two there has been a shift in the hierarchy this year, with Spain’s IE Business

School and Oxford’s Said Business School moving up to third and fourth respectively, and last

year’s third-placed school IMD dropping to sixth.



Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

1 1 INSEAD - France France 100,0 704 5 93 33 1006

2 2 London Business School United Kingdom

100,0 698 5 91 33 406

3 4 IE Business School Spain 99,6 680 5 97 33 450

4 6 Oxford University, Said Business School

United Kingdom

99,3 698 6 94 25 232

5 3 IMD Switzerland 98,6 670 7 98 28 90

6 7 SDA Bocconi School of Management Italy 98,3 650 5 73 32 90

7 5 IESE Business School, University of Navarra

Spain 95,3 672 4 80 29 280

8 9 ESADE Business School Spain 92,7 670 6 87 34 159

9 11 Copenhagen Business School Denmark 92,2 620 8 95 40 47

10 8 HEC MBA Program (Paris) France 89,6 689 6 87 32 361

11 10 The St.Gallen MBA, University of St Gallen

Switzerland 81,0 660 6 85 25 35

12 14 Trinity MBA,University of Dublin, Trinity College

Ireland 67,7 600 9 70 22 27

13 12 Judge Business School, University of Cambridge

United Kingdom

66,3 680 6,5 97 30 152

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The UK and Spain both have three Elite Global schools, ahead of Switzerland (2), France (2),

Denmark (1), Ireland (1) and Italy (1).

Students at INSEAD have the region’s highest average GMAT scores at 704, ahead of LBS and

Oxford Said, both on 698. GMAT performance in the region lags significantly behind North

America. INSEAD is the only European school with an average score of over 700, compared to

15 schools in North America.

Around 88.5% of MBAs from Elite Global schools in Europe are employed within three

months of graduating, a slightly better rate than the 85.4% achieved by those in North

America. Cambridge Judge Business School achieves a leading figure of 97%, alongside two

Spanish schools: ESADE Business School and IESE Business School, University of Navarra.

Average salaries






INSEAD - France 122900 26600 84 10 59500

London Business School 113779 18698 96 21 97000

IE Business School 102500 20000 92 13 59900

Oxford University, Said Business School 99000 7000 90 12 54000

IMD 142412 17500 89 11 63000

SDA Bocconi School of Management 95000 10103 83 12 59000

IESE Business School, University of Navarra 101990 16700 97 19 93000

ESADE Business School 90400 11100 97 18 74100

Copenhagen Business School 100031 12000 77 12 57000

HEC MBA Program (Paris) 109880 17641 88 16 62400

The St.Gallen MBA, University of St Gallen 110000 N/A 90 12 67000

Trinity MBA,University of Dublin, Trinity College 100000 N/A 70 11 38350

Judge Business School, University of Cambridge 108736 13724 97 12 57000



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MBAs from Elite Global schools in Europe earn average salaries of US$107, 432, with average

bonuses of $15,551 taking the total average remuneration to US$122,983. This total falls just

of the North American figure of $123,239.

Perhaps predictably, the strongest average salaries earned by European MBAs are those from

Swiss school IMD (US$159,912), placing it number one in the world ahead of the US’s Stanford

Graduate School of Business (US$156,265). INSEAD (US$149, 500) is second in the region.

Only three of the 13 Elite Global schools in Europe have average base salaries below

US$100,000 per annum: ESASE Business School (US$90,400), SD Bocconi School of

Management (US$95,000), and Oxford Said (US$99,000). However, all three cross the six-figure

threshold once bonuses are included.

2. Emerging Global


Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

14 19 Imperial College Business School, Imperial College London

United Kingdom

58,6 660 7 65 29 52

15 15 Mannheim Business School Germany 54,3 675 5 60 22 58

16 Frankfurt School of Finance and Management Germany 53,4 N/A 4 N/A N/A N/A

17 22 Cranfield School of Management United Kingdom

51,5 650 9 75 30 73

18 20 Warsaw University of Technology, Business School

Poland 49,1 500 5 30 42 20

19 21 Rotterdam School of Management, Erasmus University

Netherlands 48,4 640 6 96 33 138

20 17 Warwick Business School, University of Warwick

United Kingdom

47,4 640 6 91 27 67

21 13 European Business School (EBS) Germany 45,1 600 4 58 7 N/A

22 18 Central European University, CEU Business School

Hungary 44,6 600 8 94 39 32

23 26 ESIC Business & Marketing School Spain 44,4 670 5 72 32 40

24 Politecnico di Milano > MIP - School of Management

Italy 42,2 602 4 70 30 50

25 16 WHU Otto Beisheim School of Management Germany 39,8 600 4 51 30 31

26 25 Vlerick Leuven Gent Management School Belgium 34,8 640 6 90 28 87

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A total of 20 European schools make the Emerging Global category, spread across 10

nations: UK (6), Germany (4), Belgium (2), Hungary (2), Spain (2), France (1), Ireland (1), Italy (1),

Netherlands (1), and Poland (1)

The leading school for employer recognition is the UK’s Imperial College Business School,

Imperial College London, ahead of Germany’s Mannheim Business School and Frankfurt

School of Finance and Management.

Average GMAT scores range from 675 at Mannheim Business School to 500 at Warsaw

University of Technology Business School and Henley Business School. Candidates at the

UK’s Cranfield School of Management average as many as 9 years’ experience, while those at

European University (Barcelona, Geneva, Munich) average as few as two.

32 48 Solvay Business School, ULB (Universite Libre de Bruxelles)

Belgium 26,5 600 8 90 62 23

33 42 Henley Business School United Kingdom

24,8 500 12 60 28 33

34 54 European University (Barcelona, Geneva, Munich)

Spain 23,4 550 2 80 60 N/A

27 27 Manchester Business School, The University of Manchester

United Kingdom

33,8 625 6 90 35 114

28 24 Corvinus University of Budapest, Corvinus School of Management

Hungary 31,8 565 7 80 30 15

29 23 ESSEC Business School France 30,0 650 6 80 13 24

30 43 University of Edinburgh Business School United Kingdom

29,3 586 7 96 44 54

31 35 University College Dublin, Smurfit School of Business

Ireland 27,1 620 8 47 29 45



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Average salaries






Imperial College Business School, Imperial College London 97000 11750 96 12 56000

Mannheim Business School 52000 10000 100 12 33000

Frankfurt School of Finance and Management N/A N/A N/A 12 40300

Cranfield School of Management 98100 11988 97 13 52500

Warsaw University of Technology, Business School N/A N/A 100 12 12220

Rotterdam School of Management, Erasmus University 88000 12963 81 12 58000

Warwick Business School, University of Warwick 75000 17712 95 12 47500

European Business School (EBS) 69062 N/A 74 16 42250

Central European University, CEU Business School 69062 N/A 74 11 17500

ESIC Business & Marketing School 80000 6000 N/A 11 34218

Politecnico di Milano > MIP - School of Management 84000 10700 74 14 47500

WHU Otto Beisheim School of Management N/A N/A 95 15 45500

Vlerick Leuven Gent Management School 116475 6000 100 12 46500

Manchester Business School, The University of Manchester 79521 11799 93 18 40000

Corvinus University of Budapest, Corvinus School of Management

35000 N/A 80 24 12000

ESSEC Business School 76000 16070 N/A 12 59000

University of Edinburgh Business School 98500 N/A 95 12 23200

University College Dublin, Smurfit School of Business 85000 5000 97 12 39000

Solvay Business School, ULB (Universite Libre de Bruxelles) N/A N/A 60 12 32500

Henley Business School N/A N/A N/A 12 37500

European University (Barcelona, Geneva, Munich) N/A N/A 80 9 22620

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The diverse range of nations represented in the Emerging Global category means graduate

salaries vary significantly. Average salary+bonus compensation comes out at US$91,088,

ranging from US$122,475 at Vlerick Leuven Gent Management School to US$35,000 at

Corvinus University of Budapest, Corvinus School of Management.

Average starting salary + bonus compensation tops six figures for MBAs from four schools:

Imperial College Business School, Cranfield School of Management, Rotterdam School of

Management Erasmus University and Vlerick Leuven Gent Management School.

Mannheim Business School, Warsaw University of Technology Business School and Vlerick

Leuven Gent Management School all boast 100% employment rates within three months of

graduation.

3. Elite Regional


Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

35 31 EDHEC Business School France 22,7 613 8 85 45 46

36 45 Ashridge Business School United Kingdom

22,3 573 10 92 33 25

37 28 HHL - Leipzig Graduate School of Management

Germany 20,3 630 5 70 30 25

37 30 Sorbonne Graduate Business School - IAE de Paris

France 20,2 550 4 80 50 N/A

39 29 ESMT European School of Management and Technology

Germany 18,5 640 6 88 40 40

40 Nottingham Trent University - Nottingham Business School

United Kingdom

17,9 500 3 10 10 0

41 32 MIB School of Management Italy 17,2 627 5 18 30 49

42 Nottingham University Business School United Kingdom

17,2 600 5 88 35 68

43 Faculdade de Economia, Universidade Nova de Lisboa

Portugal 16,9 609 7 11 26 19

44 37 Cass Business School United Kingdom

16,6 635 8 87 25 80

45 55 Grenoble Graduate School of Business, Grenoble Ecole de Management

France 16,3 600 6 85 41 91


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Average salaries


46 The Business School, University of Exeter

United Kingdom

15,1 600 7 73 64 28

47 49 Universiteit van Amsterdam, Amsterdam Business School

Netherlands 14,3 630 5 90 50 25

47 47 LUISS Business School Italy 14,3 500 3 40 20 N/A

49 50 Business School Lausanne Switzerland 14,2 600 7 100 40 20






EDHEC Business School 85400 21000 90 10 50000

Ashridge Business School 162000 N/A 92 12 48500

HHL - Leipzig Graduate School of Management 88000 19500 80 15 34500

Sorbonne Graduate Business School - IAE de Paris N/A N/A N/A 14 62000

ESMT European School of Management and Technology 96000 10000 98 12 39000

Nottingham Trent University - Nottingham Business School 0 12 21600

MIB School of Management 81163 20000 87 12 37500

Nottingham University Business School 73000 N/A 90 12 19500

Faculdade de Economia, Universidade Nova de Lisboa N/A N/A N/A 11 20800

Cass Business School 87750 21000 87 12 52000

Grenoble Graduate School of Business, Grenoble Ecole de Management

67000 N/A 68 12 39000

The Business School, University of Exeter N/A N/A N/A 12 28500

Universiteit van Amsterdam, Amsterdam Business School 66000 N/A 90 12 40000

LUISS Business School N/A N/A 80 17 28080

Business School Lausanne 90000 N/A 85 12 44800

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Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

50 38 EMLYON Business School France 13,2 595 7 82 29 31

51 33 Aston Business School, Aston University

United Kingdom

12,7 620 6 93 30 60

52 51 Durham Business School, Durham University

United Kingdom

11,9 560 9 90 36 45

53 58 Bradford University School of Management

United Kingdom

10,2 600 0 99 23 97

54 62 IAE AIX, Graduate School of Management - Universite Paul Cezanne (Aix-Marseille III) France

France 9,8 580 8 60 40 20

55 44 School of Management, University of Bath

United Kingdom

9,3 610 8 86 44 60

56 41 ALBA Graduate Business School Greece 9,1 600 4 40 40 45

57 56 Hochschule Offenburg - University of Applied Sciences

Germany 9,1 520 4 82 65 N/A

58 63 EADA Spain 8,3 650 5 92 41 32

59 53 EAE Business School Spain 8,2 510 5 85 45 N/A

60 57 University of Strathclyde Business School

United Kingdom

7,9 550 7 92 32 58


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Average salaries






EMLYON Business School 95304 N/A 80 12 47500

Aston Business School, Aston University 75000 N/A 85 12 37300

Durham Business School, Durham University 75553 N/A N/A 12 28000

Bradford University School of Management 75000 N/A 92 12 26000

IAE AIX, Graduate School of Management - Universite Paul Cezanne (Aix-Marseille III) France

40000 N/A N/A 12 22000

School of Management, University of Bath 92000 N/A 92 12 47000

ALBA Graduate Business School 52000 N/A 90 12 20100

Hochschule Offenburg - University of Applied Sciences

N/A N/A N/A 15 9428,9

EADA 70000 N/A 83 11 39000

EAE Business School 40000 N/A N/A 12 19500

University of Strathclyde Business School 66500 15000 N/A 12 37500

Top business schools by region: Asia-Pacific



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1. Elite Global

Two Asian schools make this year’s Elite Global group: INSEAD Singapore and Indian

Institute of Management, Ahmedabad. First-placed INSEAD Singapore holds a significant

advantage over all of its regional rivals in terms of employer recognition.

Starting salaries at INSEAD Singapore are on a par with many Elite Global schools in Europe

and North America, totaling US$103,700 (salary plus bonus). IIM Ahmedabad’s average

graduate salary of US$68,000 is the lowest of any Elite Global school.



Average salaries






INSEAD - Singapore 122900 26600 84 10 59500

Indian Institute of Management, Ahmedabad 66888 N/A 100 22 36000


Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

1 1 INSEAD - Singapore Singapore 92,1 704 5 93 33 1006

2 2 Indian Institute of Management, Ahmedabad

India 65,5 767 2 1 15 310

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2. Emerging Global business schools



Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

3 5 Melbourne Business School, The University of Melbourne

Australia 60,0 664 5 72 40 50

4 3 National University of Singapore - NUS Business School

Singapore 55,0 590 5 90 27 96

5 4 Indian Institute of Management, Bangalore

India 51,2 780 2 10 20 N/A

6 12 Indian School of Business India 46,7 709 5 6 29 569

7 8 Peking University, Beijing International MBA Programs - BiMBA

China 36,7 676 7 36 38 50

8 7 University of New South Wales, AGSM MBA Programs

Australia 36,2 652 7 65 33 48

9 9 Indian Institute of Management Calcutta

India 35,0 780 2 3 12 N/A

10 6 Nanyang Business School, Nanyang Technological University

Singapore 31,1 680 6 86 43 72

11 10 China Europe International Business School (CEIBS)

China 29,8 692 5 45 30 180

12 14 The HKUST Business School Hong Kong 27,3 673 5 97 36 109

13 11 Macquarie Graduate School of Management, Macquarie University

Australia 25,6 680 7 90 34 74

14 17 The Australian National University, ANU College of Business and Economics

Australia 25,1 630 7 29 28 72


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A total of 12 schools from six nations in the region are included in the Emerging Global

category: Australia (4), India (3), China (2) and Singapore (2).

Melbourne Business School is the top-ranking Emerging Global school in the region, ahead of

Singapore’s NUS Business School and India’s IIM Bangalore.

The extremely high average GMAT scores at Indian schools are skewed by the fact that

only a very small number of candidates have taken the test. Stats at the other Emerging

Global schools in the region are variable, ranging from 680, at Nanyang Business School and

Macquarie Graduate School of Management, to 500 at Sydney Business School, University of

Wollongong.

Average salaries







Melbourne Business School, The University of Melbourne 112065 19456 91 16 70000

National University of Singapore - NUS Business School 67786 1300 89 17 41200

Indian Institute of Management, Bangalore 30000 N/A 100 21 9000

Indian School of Business 44000 N/A 100 12 45000

Peking University, Beijing International MBA Programs - BiMBA

N/A N/A N/A 18 37300

University of New South Wales, AGSM MBA Programs 85308 17837 92 16 67320

Indian Institute of Management Calcutta 27500 4870 100 24 8000

Nanyang Business School, Nanyang Technological University

53016 3377 91 16 40000

China Europe International Business School (CEIBS) 79516 9486 92 18 49800

The HKUST Business School 127600 19839 97 16 67350

Macquarie Graduate School of Management, Macquarie University

143583 N/A 82 12 56500

The Australian National University, ANU College of Business and Economics

63000 N/A N/A 18 54000

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The strength of the Australian dollar is reflected in the stellar salaries of its graduates.

Macquarie University has one of the highest figures of any business school in the world

at 143,583, while graduates of three other Australian schools stand to earn in excess of

US$100,000: University of New South Wales AGSM MBA Programs, Melbourne Business

School, and Sydney Business School, University of Wollongong.

Due to the range of economies represented, the regional average is considerably lower,

at US$78,261. Salaries in China and India remain considerably lower than those on offer

elsewhere in the region, with graduates of School of Management, Fudan University

(US$29,070) and Indian Institute of Management, Bangalore ($30,000) the lowest earners.

3. Elite Regional schools



Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

15 13 Sydney Business School, University of Wollongong

Australia 24,6 500 2 75 20 99

16 21 School of Management, Fudan University

China 23,4 600 5 10 45 113

17 16 Monash University Faculty of Business and Economics

Australia 20,1 550 11 4 23 48

18 22 The Chinese University of Hong Kong Hong Kong

17,9 650 5,6 80 45 75

19 23 The University of Hong Kong, Faculty of Business and Economics

Hong Kong

17,6 657 6 90 48 53

20 34 Seoul National University, Graduate School of Business

Korea, South

17,3 510 5 25 23 60

21 19 School of Economics and Management, Tsinghua University

China 17,1 650 6 45 38 123

22 26 The University of Adelaide, Business School

Australia 16,9 550 8 15 35 80% of received appliations

23 32 La Trobe University - La Trobe Business School

Australia 16,8 654 6 89 25 57


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Average salaries






Sydney Business School, University of Wollongong 102500 N/A 92 16 33000

School of Management, Fudan University 29070 N/A 96 24 2100

Monash University Faculty of Business and Economics N/A 20000 76 24 65340

The Chinese University of Hong Kong N/A N/A 92 16 47900

The University of Hong Kong, Faculty of Business and Economics

70000 N/A 85 14 58022

Seoul National University, Graduate School of Business 53000 10000 100 12 40000

School of Economics and Management, Tsinghua University N/A 6428 N/A 24 28000

The University of Adelaide, Business School N/A N/A 100 15 34849

La Trobe University - La Trobe Business School 110000 N/A 94 15 27000



Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

24 15 Asian Institute of Management Philippines 12,6 656 4 71 28 140

25 25 Waseda Business School Japan 12,0 580 8 45 28 90

26 27 Guanghua School of Management, Peking University

China 11,6 637 6 72 44 433

27 24 Indian Institute of Foreign Trade India 10,2 650 2 3 20 N/A

28 S P Jain School of Global Management India 9,8 680 2 0 33 180

29 18 Brisbane Graduate School of Business, QUT

Australia 7,8 610 9 18 33 N/A

30 30 School of Business, Bond University Australia 6,6 580 8 63 41 39

31 28 Lee Kong Chian School of Business, Singapore Management University

Singapore 6,0 663 6 72 46 N/A

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32 36 The Otago MBA, University of Otago New Zealand 5,2 632 10 55 27 20

33 Cheung Kong Graduate School of Business

China 4,4 670 6 22 33 61

34 29 RMIT University, Graduate School of Business and Law

Australia 4,0 550 2 65 40 175

35 33 International University of Japan, Graduate School of International Management

Japan 3,9 511 4 73 29 50


Average salaries






Asian Institute of Management 40000 N/A 52 16 24000

Waseda Business School N/A N/A 60 24 37479

Guanghua School of Management, Peking University 24136 N/A 100 24 27800

Indian Institute of Foreign Trade N/A 10000 80 24 20000

S P Jain School of Global Management N/A N/A N/A 24 10000

Brisbane Graduate School of Business, QUT 104756 N/A 85 18 38000

School of Business, Bond University 58000 N/A 84 12 43260

Lee Kong Chian School of Business, Singapore Management University

N/A N/A 90 12 48000

The Otago MBA, University of Otago N/A N/A 95 16 34500

Cheung Kong Graduate School of Business 40000 N/A 100 12 48000

RMIT University, Graduate School of Business and Law 47000 N/A 75 12 34330

International University of Japan, Graduate School of International Management

54000 18000 100 21 90300

Top business schools by region: Latin America



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1. Elite global

There are currently no Latin American schools in this category.

2. Emerging Global

A total of eight schools from Latin America make the Emerging Global category this year,

with 5 nations represented: Brazil (2), Chile (2), Mexico (2), Argentina and Costa Rica.

EGADE-Tecnologico de Monterrey, Campus Monterrey retains its position as Latin America’s

number one school for employer recognition, ahead of Pontificia Universidad Católica de

Chile and Brazil’s Business School Sao Paulo.

The top school for GMAT scores is Argentina’s IAE Business School, Universidad Austral.

Average years of work experience range from 15 at Universidad de Chile to zero at Pontificia

Universidad Católica de Chile.


2013 2012 Institution Country Employer Index

Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

1 1 EGADE-Tecnologico de Monterrey, Campus Monterrey

Mexico 62,9 628 8 15 33 439

2 2 Pontificia Universidad Católica de Chile Chile 47,7 500 0 10 10 N/A

3 3 BSP - Business School Sao Paolo, MBA

Brazil 36,2 550 5 40 30 N/A

4 4 Fundacao Getulio Vargas Brazil 31,9 550 6 20 25 N/A

5 8 Instituto Tecnologico Autonomo de Mexico (ITAM)

Mexico 29,1 580 7 15 30 N/A

6 7 Universidad de Chile Chile 28,4 500 15 15 18 28

7 5 IAE Business School, Universidad Austral

Argentina 27,9 651 5 60 25 52

8 6 INCAE Business School Costa Rica 25,3 600 4 85 38 184

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Average salaries

In terms of graduate salaries, Emerging Global schools in Latin America remain some way

behind those in Europe, North America and parts of Asia-Pacific, despite continued economic

growth.

Salaries for graduates of Universidad de Chile (US$71,000) and Business School Sao Paulo

(US$68,000) are well in excess of those on offer elsewhere in the region, approaching those in

Canada and mid-ranking European nations. Yet these are the only schools in the region with

averaging starting salaries exceeding US$50,000.






EGADE-Tecnologico de Monterrey, Campus Monterrey 50000 N/A N/A 17 35700

Pontificia Universidad Católica de Chile N/A N/A N/A 15 23000

BSP - Business School Sao Paolo, MBA 68000 N/A 80 18 25000

Fundacao Getulio Vargas N/A N/A N/A 18 8874

Instituto Tecnologico Autonomo de Mexico (ITAM) N/A N/A N/A 12 15710

Universidad de Chile 65000 6000 95 18 37750

IAE Business School, Universidad Austral 30000 N/A 70 11 24000

INCAE Business School 40000 8320 60 21 47650


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3. Elite Regional

Peru’s ESAN, Escuela de Administracion de Negocios para Graduados is the only

Latin American school in this category.

4. Emerging Regional schools

Mexico’s IPADE Business School, Universidad Panamericana is the only Latin

American school in this category.


Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

9 10 ESAN, Escuela de Administracion de Negocios para Graduados

Peru 18,2 500 6 10 40 64


Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

10 9 IPADE Business School, Universidad Panamericana

Mexico 13,8 608 4 9 33 69

Top business schools by region: Middle East & Africa



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Schools from Middle East & Africa appear in two categories: Emerging Global and

Elite Regional.

1. Elite global

There are currently no schools from Middle East & Africa in this category.

2. Emerging Global

University of Cape Town remains the region’s top performer for employer

recognition, ahead of fellow South African school University of Witwatersrand.

Egypt’s American University of Cairo moves down two places to fourth in the region.

Average GMAT scores for Emerging Global schools in the region range from 583 at

American University in Cairo to 500 at American University of Sharjah.



Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

1 1 University of Cape Town, Graduate School of Business

South Africa 48,9 581 7 24 31 79

2 3 University of Witwatersrand South Africa 31,8 579 8 10 23 N/A

3 American University of Sharjah

United Arab Emirates

28,1 500 3 44 56 N/A

4 2 American University in Cairo

Egypt 27,9 583 7 5 27 158

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Average salaries






University of Cape Town, Graduate School of Business

50000 N/A 87 11 39000

University of Witwatersrand 50000 10000 80 14 13000

American University of Sharjah N/A N/A N/A 12 32250

American University in Cairo N/A N/A N/A 30 90000

Graduates of UCT and Witwatersrand earn average starting salaries of US$50,000,

though those at the latter also earn average bonuses of $10,000. The percentage of

MBAs employed within three months of graduation stands at 87% at UCT and 80%

at Witwatersrand.

3. Elite Regional

Lebanon’s The Suliman S. Olayan School of Business, The American University of

Beirut is the only school from Middle East & Africa in this category.

4. Emerging Regional schools

There are currently no schools from Middle East & Africa in this category.



Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

5 4 The Suliman S. Olayan School of Business, The American University of Beirut

Lebanon 21,1 610 7 6 55 78

Corporate Social Responsibility



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Corporate Social Responsibility

2013 2012 School Country Score Band

1 1 Harvard Business School United States 100.0 3

2 2 Stanford University Graduate School of Business United States 100.0 3

3 3 INSEAD - France France 100.0 3

4 5 IE Business School Spain 100.0 3

5 4 The Wharton School, University of Pennsylvania United States 100.0 3

6 8 London Business School United Kingdom 100.0 3

7 10 University of Michigan, Ross School of Business United States 99.8 3

8 11 School of Business, George Washington University United States 99.6 3

9 12 Michael G. Foster School of Business, University of Washington

United States 99.4 3

10 6 Columbia Business School, Columbia University United States 98.9 3

11 22 IMD Switzerland 98.3 3

12 19 Indian Institute of Management, Ahmedabad India 98.0 3

13 15 Yale School of Management, Yale University United States 96.9 3

14 7 Tuck School of Business at Dartmouth United States 96.4 3

15 13 IESE Business School, University of Navarra Spain 96.4 3

16 17 York University, Schulich School of Business Canada 96.3 3

17 21 Indian Institute of Management, Bangalore India 96.2 3

18 9 The Kellogg School of Management, Northwestern University United States 96.0 3



20 16 The University of Chicago Booth School of Business United States 88.2 3

21 26 Haas School of Business, UC Berkeley United States 81.5 3

22 18 Stern School of Business, New York University (NYU) United States 80.6 3



24 32 SDA Bocconi School of Management Italy 74.7 3

25 25 ESADE Business School Spain 74.3 3

26 20 University of Virginia Darden School of Business United States 73.1 3

27 40 Judge Business School, University of Cambridge United Kingdom 70.6 3

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28 28 UCLA Anderson School of Management United States 67.5 3

29 29 The Johns Hopkins Carey Business School United States 67.1 3

30 36 HEC MBA Program (Paris) France 66.9 3

31 27 Ashridge Business School United Kingdom 66.6 3

32 31 Mendoza College of Business, University of Notre Dame United States 64.0 3

33 23 The Fuqua School of Business, Duke University United States 63.0 3

34 30 Thunderbird School of Global Management United States 61.9 3

35 44 The St.Gallen MBA, University of St.Gallen Switzerland 60.9 3

36 38 Indian School of Business India 58.1 3

37 46 Indian Institute of Management Calcutta India 54.6 3


Canada 54.3 3

39 33 Oxford University, Said Business School United Kingdom 53.9 3

40 39 Boston University School of Management United States 50.0 3

41 86 ESIC Business & Marketing School Spain 49.8 2

42 45 Kenan-Flagler Business School, University of North Carolina United States 49.2 2

43 34 Melbourne Business School, The University of Melbourne Australia 47.9 2

44 47 ESSEC Business School France 46.9 2

45 43 Sydney Business School, University of Wollongong Australia 46.9 2


Hong Kong 46.1 2

47 55 Copenhagen Business School Denmark 45.8 2

48 51 Trinity MBA,University of Dublin, Trinity College Ireland 44.2 2

49 62 Warwick Business School, University of Warwick United Kingdom 41.0 2

50 52 Nanyang Business School, Nanyang Technological University Singapore 39.8 2



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There is a stable hierarchy at the top of this year’s specialization ranking for

Corporate Social Responsibility (CSR), suggesting that a handful of programs at

elite schools are clearly established in the eyes of the world’s MBA employers as the

leaders in the field. Harvard, Stanford and INSEAD retain the top three places, with

the only change in the top five coming as IE Business School and Wharton switch

places.

The fact that the top programs in this area correspond quite closely to the top

scoring schools overall is an indication of how seriously CSR is now being taken at

the world’s leading schools. As corporations come under greater scrutiny for their

ethical and environmental practice, employers are turning to a growing number of

MBAs from elite schools specializing in this zeitgeist area.

The only new schools in the top ten are School of Business, George Washington

University, which moves up from 11th to eight, and Michael G. Foster School of

Business, University of Washington moves from 12th to ninth. North America takes

seven of the top ten spots, compared to three for Europe.

North America also accounts for 22 of the top 50, ahead of Europe with 18 and Asia-

Pacific with nine. There are as yet no schools from either Middle East & Africa or

Latin America among the global elite in this area of study.

Business schools showing notable

improvements in this year’s

corporate social responsibility

rating include:

• ESIC Business & Marketing School

• Copenhagen Business School

• Trinity MBA,University of Dublin,

Trinity College

• Warwick Business School,

University of Warwick

• Nanyang Business School,

Nanyang Technological University

The best-performing schools by

region are:

• Harvard Business School

(North America)

• INSEAD – France (Europe)

• Indian Institute of

Management, Ahmedabad

(Asia-Pacific)

The top four schools from the

Asia-Pacific region are all Indian,

which suggests it has been

quicker than its peers to embrace

this non-traditional area of study.

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Entrepreneurship



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Entrepreneurship










8 7 Babson College United States 99.1 3











19 18 Tepper School of Business, Carnegie Mellon University United States 69.4 3







26 42 Joseph L. Rotman School of Management, University of Toronto Canada 54.6 3


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28 31 American University Kogod School of Business United States 52.9 3

29 20 Marshall School of Business, University of Southern California United States 52.6 3

30 32 Michael G. Foster School of Business, University of Washington United States 52.3 3


32 36 The University of Hong Kong, Faculty of Business and Economics Hong Kong 51.2 3


34 26 Imperial College Business School, Imperial College London United Kingdom 50.2 3





39 119 University of Colorado at Boulder Leeds School of Business United States 43.2 2


41 30 EMLYON Business School France 39.7 2


43 38 The HKUST Business School Hong Kong 35.1 2


Canada 34.7 2

45 62 The Fox School of Business, Temple University United States 34.2 2





49 48 S. P. Jain Institute of Management and Research India 30.8 2

50 40 NUS Business School, National University of Singapore Singapore 30.3 2



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The same schools comprise the top ten in this year’s ranking for

entrepreneurship as in 2012, led by Harvard, Stanford, Wharton and IE.

A total of 11 nations are represented in the global top 50: US (25), India

(4), UK (4), France (3), Spain (3), Canada (2), Hong Kong (2), Switzerland (2),

Australia (1), Italy (1), and Singapore (1).

In a top ten dominated by ‘big-name’ schools that feature prominently

in the Elite Global category of the overall rating, Babson College stands

out as a school whose strength in entrepreneurship exceeds its overall

reputation. Rated in the Emerging Global grouping overall, it ranks 8th

globally for entrepreneurship, one place lower than last year.

The four highest ranked schools from Asia-Pacific are all Indian: IIM

Ahmedabad, IIM Bangalore, IIM Calcutta and Indian School of Business.

Business schools showing notable improvements in this year’s

entrepreneurship rating include:

• Indian Institute of Management, Bangalore

• Joseph L. Rotman School of Management, University of Toronto

• Indian School of Business

• SDA Bocconi School of Management

• The St.Gallen MBA, University of St.Gallen

• University of Colorado at Boulder Leeds School of Business

• Richard Ivey School of Business, The University of Western Ontario

• The Fox School of Business, Temple University

• S.C. Johnson Graduate School of Management, Cornell University

While seemingly paradoxical, MBA employers are increasingly placing

an emphasis on the entrepreneurial talents of their new hires. Though

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traditionally an area where a business school graduate might

aim to start up their own enterprise, employers value the talents

of graduates who can, in tough economic times, develop fresh

sources of revenue, while the graduates themselves find greater

security in testing their entrepreneurial ideas with the financial

backing of their employers.

“Interestingly, large employers were once reluctant to hire MBAs

with significant entrepreneurship coursework for fear that the

new hire was only passing time before starting his or her own

business,” explains Dr Brian S Anderson, assistant professor

of entrepreneurship at the Richard Ivey School of Business.

“As large firms come to recognize that pursuing innovation and

entrepreneurial-centric strategies pays off in terms of better

performance - something that research has shown repeatedly -

those firms are seeing more value in MBAs that have knowledge

of, and experience with entrepreneurship topics.”

However, with a gloomy economic outlook for much of the

world, it’s not just businesses that are placing their faith in MBA

entrepreneurs, as Séan Rickard, director of the full-time MBA

program(2006-2011) at Cranfield School of Management explains:

“Governments have come to the view – rightly or wrongly –

that their influence on their economies is greatly weakened in

a globalizing world and now put great emphasis on business

start ups and entrepreneurship to generate jobs and growth. Not

surprising therefore that entrepreneurship has a higher profile in

business schools.”


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entrepreneurship rating include:

• University of Colorado at Boulder

Leeds School of Business

• Richard Ivey School of Business,

The University of Western Ontario

• The Fox School of Business, Temple

University

• S.C. Johnson Graduate School of

Management, Cornell University

Dr Anderson continues: “I think the entrepreneurship field in

scholarly circles is becoming far more accepted as a legitimate

course of study, faculty hiring in the area is up, and more

resources are being spent in developing very high-quality,

experiential learning programs for students.”

One business school that has consistently rated highly for

entrepreneurship is The Wharton School at the University of

Pennsylvania, ranked third this year.

“Wharton was the first business school to develop a fully

integrated curriculum of entrepreneurial studies and continues

to emphasize entrepreneurship across all disciplines,” says

Emily Gohn Cieri, managing director of The Wharton School’s

entrepreneurial programs. “We teach students how to acquire

an entrepreneurial mindset so they learn to adapt rapidly,

throughout the venturing process, to new situations while

avoiding fatal flaws and traps.”

Finance



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Finance



























Canada 58.6 3



27 28 Cass Business School United Kingdom 50.4 3

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Australia 45.2 2







Canada 33.5 2


Hong Kong 33.1 2



42 46 Monash University Faculty of Business and Economics Australia 28.7 2

43 48 University of New South Wales, AGSM MBA Programs Australia 28.3 2

44 44 Manchester Business School, The University of Manchester United Kingdom 28.1 2


46 47 European Business School (EBS) Germany 26.9 2








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Wharton reigns supreme in finance, topping the table again as it has done

every year since 2010. There are also particularly strong performances from

LBS (2nd) and NYU Stern (5th), both of which benefit from strong links to

the finance sectors in the major global capitals in which they are located.

Fellow New York City-based institution Columbia Business School is just

one place behind NYU Stern, in sixth.

The top Asia-Pacific school is India’s IIM Ahmedabad in 11th, five places

ahead of IIM Bangalore. A total of 12 countries are represented in the top

50: US (19), UK (7), India (5), Australia (4), France (3), Spain (3), Singapore (2),

Switzerland (2), Canada (2), ), Germany (1), Hong Kong (1), Italy (1)

Business schools that have shown big improvements in how employers

value their MBA graduates’ financial abilities include:

• Haas School of Business, UC Berkeley

• UCLA Anderson School of Management


• Thunderbird School of Global Management

• Warwick Business School, University of Warwick

A long-standing favorite specialist area for many MBA graduates, finance

has taken a hit in popularity amongst applicants in recent years, following

the global financial crisis. However, as business schools continue to react

to the ongoing financial events around the world, altering their programs

to incorporate the lessons that need to be learnt from such economically

game-changing events, employers continue to value the modern approach of

MBA graduates to finance.

At The Wharton School at the University of Pennsylvania, which over the

years has consistently been rated top in fostering a financial prowess

among their MBAs, evolution of their curricula is important.

“Change has occurred both organically, as in the MBA curriculum review we

just completed, and reactively, in response to the financial crisis,” explains

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Michael Gibbons, deputy dean at Wharton. “These changes extend to all

academic-related work such as courses, research, seminars, and conferences.

In the classroom, Wharton continues to offer an innovative curriculum that

reflects its expertise in finance. Students are provided with knowledge that is

in-depth but broad enough to be responsive to the vagaries of the market. In

the post-crisis financial system, it is apparent that business leaders need to

understand government better given increased regulation in the financial

sector.”

However, it’s not purely the financial services sector that employs

MBA graduates and alumni who are well versed in all that is finance.

Organizations outside of the sector have always required leaders with an

in-depth financial know-how, but as the global economy evolves this need is

growing more than ever.

“Financial companies offer unique challenges to their leaders and senior

managers, particularly on subjects as varied as leadership, trust issues and

regulatory framework changes,” explains Professor Steve Thomas, executive

MBA course director and professor of finance at Cass Business School,

City University London. “Recent global developments offer unusual and

substantial challenges to managers in this sector. Anyone planning to run

a business with these additional issues present needs to ensure they are

knowledgeable and comfortable with a very wide range of management and

professional skills.”

When looking into specialist areas taught on MBA programs, it should

always be made clear that the MBA qualification has traditionally been seen

as a general management degree, and only recently have specialist programs

dedicated to the finance profession developed. As most business schools

offer numerous finance-focused options, prospective students need to look

carefully when trying to differentiate between programs. One effective way is

through assessing the strength of the school’s career service links within the

financial industry around the world. The Stern School at New York University,

for example, regularly attracts Wall Street recruiters to campus.


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Despite many MBA programs reporting an increase in diversity of working

backgrounds in their class, the financial services industry still provides the

largest amount of candidates to pursue the qualification across the world.

Many students are looking to further their place in the industry and have

specific goals, so look to an MBA to help them achieve career progression.

For this reason, many schools offer a large range of finance-specific

courses, both as part of their core curriculum and as optional electives.

The University of Chicago’s Booth School of Business is well known for its

quantitative and analytical finance focus, and traditionally places around

75% of their graduates in finance and consulting jobs. The opening of their

executive MBA campuses in the financial centres of London and Singapore

has also helped increase their perception among global financial services

employers.

MBA candidates may also be looking to move into the financial sector from

other industries. With jobs in the sector in great demand, schools that have

established internship links with such finance firms can particularly help

candidates looking to switch industries. The Wharton School for example,

traditionally places many of its students in Wall Street firms for internships

at the end of their first year.


improvements in this year’s finance

rating include:

• Thunderbird School of Global

Management

• Warwick Business School,

University of Warwick



Information Management



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Information Management



















17 102 WHU Otto Beisheim School of Management Germany 86.7 3











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Canada 54.1 3


Canada 52.0 3





41 29 Krannert School of Management, Purdue University United States 44.6 2

42 124 Trinity MBA,University of Dublin, Trinity College Ireland 44.4 2


Hong Kong 42.8 2



46 65 Vlerick Leuven Gent Management School Belgium 40.4 2

47 40 University of Massachusetts Boston MBA Program United States 40.3 2

48 39 Instituto Tecnologico Autonomo de Mexico (ITAM) Mexico 40.2 2

49 50 Asian Institute of Management Philippines 39.3 2

50 47 EGADE-Tecnologico de Monterrey, Campus Monterrey Mexico 37.8 2



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MIT, Harvard and Stanford all appear strongly at the head of the information

management rating. MIT has long been seen as a leader in this field, combining

world-class technical research with international management and strategy

expertise. The school offers two highly regarded programs - Leaders for Global

Operations (LGO) and Systems Design and Management (SDM) - with the MIT

faculty of engineering. This allows MBAs to take advantage of the cutting-edge

research resources of the world’s number one engineering faculty, as confirmed by

the QS World University Rankings.

Stanford’s Graduate School of Business also features among the top performers

in the information management rating, with good links to many of the world’s top

technology companies based in and around the surrounding area of San Francisco

Bay. Other schools from North America that appear strongly include the Wharton

School, Kellogg School of Management, Northwestern University, Columbia Business

School and Haas School of Business, UC Berkeley.

In Europe, IE Business School, INSEAD and London Business School, appear as the

top rated schools through the eyes of employers. INSEAD boasts world-class faculty

in the field of information management, found at the technology and operations

management area within the school. IE and HEC similarly both have world-class

faculty in this topic, publishing numerous research papers covering developments

in information management.

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Business schools that have made considerable gains in employer reputation for their

teaching of information management to MBA students include:

• WHU Otto Beisheim School of Management



• Kenan-Flagler Business School, University of North Carolina


• Judge Business School, University of Cambridge

• Trinity MBA, University of Dublin, Trinity College

• Vlerick Leuven Gent Management School

There are 11 Asian-Pacific schools featured in the information management report,

more than are found in many other specializations. IIM Ahmedabad appears highest,

followed by other technically renowned schools such as Melbourne Business School,

IIM Bangalore, and IIM Calcutta. Indian School of Business and the The HKUST

Business School also feature strongly.

The fast-growing global importance of information management to the business

world has created an increase in the demand for MBA graduates with technical

skills over the past decade. Of particular note is the fast-paced growth in technology,

specifically new platforms such as social networking formed on the back of the rapid

integration of the online domain into everyday life.

This shift has also seen growth in the number of prospective MBA candidates with

IT and engineering backgrounds who look to build on their technical skills, instead

of looking to switch to the traditionally popular MBA industries such as finance,

general management or consulting. Importance has now been placed on combining

world-class management skills with already established technical expertise.

Business schools excelling in the field have looked to reflect this demand from

students and MBA employers within their MBA curricula, with growth in the number

of MBA programs specifically designed for technical students. Specializations like


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information management rating

include:

• WHU Otto Beisheim School of

Management



• Judge Business School, University

of Cambridge

• Trinity MBA,University of Dublin,

Trinity College

• Vlerick Leuven Gent Management

School

information and technology management, for example, systems integration, back

office, and knowledge management are an attraction for engineers, keen to make the

transition from a technical specialist to a technical manager.

Although the traditional view of the MBA curriculum focuses on general

management, many large and specialist business schools offer electives for MBAs to

specialize in information and technology management.

When comparing MBA programs, prospective students should consider the

percentage of the current class who have similar technical backgrounds, and more

importantly the percentage of recent graduates who have graduated to roles similar

to that which they seek themselves. If it is a technical management role that is

being sought, then graduating class data will reflect how competent a school is at

providing this opportunity. The main employers who recruit at a school, and the

specific roles for which they recruit, will also give an indication of the school’s

ability to attract technically-focused recruiters.

Innovation



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Innovation


























Canada 67.5 3





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Hong Kong 54.5 3







38 35 Kenan-Flagler Business School, University of North Carolina


39 38 Babson College United States 43.1 2

40 33 Desautels Faculty of Management at McGill University Canada 42.5 2

41 45 Instituto Tecnologico Autonomo de Mexico (ITAM) Mexico 37.8 2


43 55 Queen's School of Business Canada 33.8 2





Canada 30.0 2


49 60 HEC Montreal Canada 29.3 2

50 51 EMLYON Business School France 29.2 2



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Stanford retains the top spot for innovation, ahead of fellow US schools Harvard

and MIT Sloan. The top ten is split 50/50 between schools from North America and

Europe, with five US schools joined by two from Spain (IE and IESE Navarra), and

one apiece from France (INSEAD) and the UK (LBS). Wharton and Kellogg School of

Management make up the remaining spots in the top ten. Each of these schools hold

established records at developing high-profile innovative business leaders across

industries, often achieved through differing methods.

In Asia, Indian business schools are again showing their rapid development, with

the two Indian Institute of Managements in Ahmedabad and Bangaloreretaining

their places in the top 20. The Indian School of Business and the Indian Institute of

Management in Calcutta also show good progress in the eyes of employers seeking

MBA graduates versed in innovation.

Elsewhere in the Asia-Pacific region, HKUST Business School, the University of Hong

Kong and Melbourne Business School are well respected by MBA employers and

recruiters.

Other business schools that have gained significantly in employer opinion for

innovation include:




• Queen's School of Business

• ESSEC Business School

• HEC Montreal

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Innovation has long been both the cause and effect of developments in MBA

curricula taught at the world’s highest respected business schools. With the stories

of many famous business leaders beginning through innovations of new or current

processes and technology, schools understand the importance of developing the

ability to form innovative ideas and implementing them in the future business world.

Many faculty members at top business schools see the practical application of their

teaching and research, particularly by the graduates who pass through their MBA

programs, as their contribution towards the development of long-term business

methods and procedures. Schools try to offer their support in creating a working

environment to best foster management innovation in their students.

Sherring Ng, head of marketing and admissions of HKUST Business School’s MBA

programs stresses the importance of innovation in order to foster sustainable

growth in business: “Innovation helps to improve productivity, add value to the

existing services or product or improve efficiency of business operations. Employers

value innovation because employees with this competence are likely to help the

companies to create new products, processes, or services which will meet the ever-

changing demand in the market and sustain business growth.”

Ng continues, explaining what innovation at MBA level involves:“A specialization

in innovation entails creativity, imagination and open-mindedness to new ideas.

To facilitate a specialization in innovation, a business school has to be supportive

to new ideas; it should build up a positive atmosphere that encourages people to

express their own opinion and to take risk. Communication channels and occasions

that allow collections of new ideas and experimentation will facilitate the innovation

process.”

When considering MBA programs that will help encourage innovation in

management, there are a number of factors to consider.


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innovation rating include:


• Imperial College Business School,

Imperial College London

• Ashridge Business School


• HEC Montreal

• EMLYON Business School

One important consideration is the opportunity to interact with classmates to

help build perspectives and shape business ideas, and consequently importance

is placed on diversity figures of the current MBA class. If the level of interaction

between MBA students is high, then it makes sense that the more diverse the class,

then the more opportunity there is to learn from students with different working

and cultural backgrounds or perspectives.

Further linked to this concept of creating an innovative working environment

is the way in which the class is taught. A program that offers a large amount of

group work and opportunities to work on case studies may find that innovation

is more prevalent. Schools that teach with a case study method, such as Harvard

Business School, Richard Ivey School of Business, The Darden School of Business at

the University of Virginia and IESE Business School, offer their MBA students the

chance to interact with classmates on real business cases, often inviting business

leaders to facilitate the learning process.

International Management



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International Management









8 7 Marshall School of Business, University of Southern California





12 11 The Fox School of Business, Temple University United States 97.3 3


















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Canada 62.3 3



Canada 53.3 3




Hong Kong 50.5 3


Australia 50.2 3

36 20 Darla Moore School of Business, University of South Carolina United States 49.8 2


38 30 Rotterdam School of Management, Erasmus University Netherlands 45.8 2





43 50 Hult International Business School United States 39.6 2

44 120 HEC Montreal Canada 39.5 2




48 47 School of Economics and Management, Tsinghua University China 38.2 2


50 62 Sauder School of Business, University of British Columbia Canada 36.8 2



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INSEAD France retains its place as the number one school of

international management, making it the only one of the ten MBA

specializations covered in this report that is not topped by a US

institution. Fellow European schools LBS and IE also make the top five,

while Cambridge’s Judge Business School joins them in the top ten.

With its diverse mix of home nationalities, close international ties,

and a strong global perception of MBA education, European business

schools prove extremely attractive to international applicants,

translating to internationally diverse classes. The international make up

of the European business school’s full-time MBA programs that feature

in the top 10 are impressive:

• INSEAD, France: 93% international students;

• London Business School: 91% international students;

• IE Business: 97% international students;

• Judge Business School: 97% international students.

Yet despite the prominence of European schools in the top ten,

in numerical terms they are outperformed by North America,

with 23, and Asia-Pacific, with 13. The leading Asia-Pacific school

is Melbourne Business School, while India’s IIM Ahmedabad,

Singapore’s NUS Business School, and the University of Hong Kong

all feature prominently. The leading US schools are Harvard, Wharton,

Thunderbird, Stanford, and Marshall School of Business, University of

Southern California.

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Schools rated highly in the international management ratingoften have

multiple campuses across the world. INSEAD’s MBA, for instance, runs

in a dual campus format, where students are able to study at either of

their campuses in Singapore or France. Similarly, Thunderbird School

of Global Management has locations in Switzerland, China, Russia, and

Mexico, in addition to its main campus in the US.

MBA education evolves with the changing needs of a competitive

economic environment, and over the past decade, international

management and the need to understand management within a global

context has grown significantly in importance.

Top business schools have seen the necessity of creating international

MBA classroom environments that reflect the ever-increasing

international working environment. A number of leading business

schools have designed their curricula to focus on international

management, while other schools have launched specialized MBA

programs in this area.

Mark Crosby, associate professor of economics at Melbourne Business

Schoolstates, “International management is increasingly becoming

an integrative part of the curriculum as opposed to a standalone

concentration featured in MBA programs of the past.

“Understanding the vital role that international trade plays in the world

economy and the resulting implications for business is a key objective

for an MBA student. Accommodating globalization, dealing with the

world financial crisis, and achieving sustainable development are among

the major challenges facing the world economy. “The international

trading system, for example, is central to successfully addressing these

and other global challenges,” he adds.


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Many students who pursue a specialization in international

management are driven by the desire to gain global exposure and work

within a diverse and international team. Often they have international

work experience and look to both study and work in a different country

to their own. “The internationalization of business demands a sound

working knowledge of the principles of international finance and the

operation of international financial markets,” Crosby states.

Employers who responded to the latest TopMBA.com Jobs and Salary

Trends Report strongly agreed that screening for language and

intercultural skills is an increasingly important part of the hiring

process.



international management rating

include:

• HEC Montreal

• Sauder School of Business,

University of British Columbia

Leadership



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Leadership































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Canada 52.8 3









Canada 45.7 2


Hong Kong 44.4 2



39 36 Cranfield School of Management United Kingdom 40.9 2


41 23 McDonough School of Business, Georgetown University United States 39.5 2

42 98 Mannheim Business School Germany 38.2 2

43 34 Lancaster University Management School United Kingdom 35.9 2


45 38 Henley Business School United Kingdom 34.5 2




49 45 Nanyang Business School, Nanyang Technological University

Singapore 30.7 2

50 53 Queen's School of Business Canada 27.8 2



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Harvard retains the top spot in the leadership rating for a fourth

consecutive year, one of five subject specializations in which it is rated

number one by MBA employers this year. Harvard’s preeminence in

this particular area does not come as a surprise, as historically it has

produced more Fortune 500 CEOs than any other business school.

The list is dominated by big-name schools in the Elite Global category,

with the same top five this year as in 2012. The only major change at

the top of the table comes as IMD jumps from 12th to sixth, while The

Kellogg School of Management drops three places to ninth.

A total of eight UK schools feature in the top 50, amongst a total of 18

European schools. LBS is joined in the top 20 by Oxford’s Said Business

School, with Cambridge’s Judge Business School and Cranfield School of

Management also featuring prominently.

INSEAD and London Business School have a longstanding reputation

for leadership development on their MBA programs. Both offer very

different approaches; however they also have similarities in that

both schools have widened and developed their executive education

curriculum, allowing their MBA students to benefit from interaction

with senior business leaders.

Other European schools featuring prominently in the ratings include

Switzerland’s IMD, as well as Spanish schools IE and IESE. IMD in

particular has an outstanding global reputation for its ability to

develop individual leadership skills in its small class of MBA students.

Other top schools are adopting innovative approaches to developing

MBAs’ leadership capabilities. The Wharton School for example

provides leadership development training at a military academy in

Quantico, Virginia as an optional part of its program, while other North

American schools such as the Tuck School of Business have designed

programs that are tailored to each MBA student.

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leadership rating include:

• Mannheim Business School


At Tuck the curriculum is designed as such that MBA students can

develop their leadership skills over two years, and each students has a

personal leadership plan. The Richard Ivey School of Business has also

tailored its program to appeal to MBA students keen to develop their

leadership skills.

The leading school form the Asia-Pacific region is Indian Institute

of Management, Ahmedabad, while IIM Bangalore, Singapore’s NUS

Business School and Australia’s Melbourne Business School also make

the global top 20 for their employer reputation.

The following schools have significantly improved their reputation for

leadership among global MBA employers:

• HEC MBA Program (Paris)

• Indian Institute of Management, Bangalore

• Indian Institute of Management Calcutta

• Mannheim Business School

Marketing



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34 52 Joseph L. Rotman School of Management, University of Toronto Canada 47.1 2


36 33 Marshall School of Business, University of Southern California United States 44.3 2

37 38 Kelley School of Business, Indiana University United States 42.6 2

38 37 Rotterdam School of Management, Erasmus University Netherlands 41.6 2




41 36 The Johns Hopkins Carey Business School United States 39.8 2


43 87 York University, Schulich School of Business Canada 38.3 2

44 45 McDonough School of Business, Georgetown University United States 36.9 2

45 55 ESIC Business & Marketing School Spain 36.4 2



48 39 UQ Business School, University of Queensland Australia 34.9 2


50 43 Goizueta Business School, Emory University United States 33.8 2



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The Kellogg School of Management claims the top spot for the

third successive year, underlying its status as the world’s most

prestigious source of top marketing talent. The school’s research

output delivered by its world-class faculty can be found in the top

business marketing journals, and it continues to be among the most

sought after for MBA graduates with an expertise in the field of

marketing.

Fellow US schools Harvard and Wharton takes spots two and three.

The schools are well known for their published marketing research,

as well as their analytical tools. Columbia Business School is this

year’s biggest climber at the top of the table, rising from 16th

in 2012 to eighth this year. Stanford and UCLA are the other US

schools in the top ten.

In Europe, marketing expertise is dispersed across many countries.

France’s INSEAD, Spain’s IE Business School, and the UK’s London

Business School and Cambridge Judge Business School all make

the top ten. SDA Bocconi and ESADE Business School continue to be

held in high regard for their marketing electives among employers,

both featuring in the top 20.

Seven business schools in the Asia-Pacific region feature in the

marketing ratings. Of them, IIM Ahmedabad in India received the

highest rating, while Australia’s Melbourne Business School is the

only other Asia-Pacific school in the top 20.

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The following schools have significantly improved their reputation

for marketing among global MBA employers:

• Columbia Business School, Columbia University

• Joseph L. Rotman School of Management, University of

Toronto

• Sydney Business School, University of Wollongong

• S.C. Johnson Graduate School of Management, Cornell

University

• York University, Schulich School of Business


The fast paced technological evolution over the past few decades

has changed the shape of marketing for ever, heightening

its importance in the business world. In order to meet these

demands, many business schools have emphasized the nurturing

of marketing skills in their curricula.

In particular, the increased dominance of the internet, online

social media platforms, and the collation of databases containing

detailed customer profiles, has heightened the value and

sophistication of marketing tools for achieving competitive

advantage. The latest QS TopMBA.com Jobs and Salary Trends

Report shows that the majority of employers across the world find

marketing skills among MBA graduates important, and over the

past few years business schools are building on this competitive

advantage through offering their students an increase in the

amount and variety of marketing focused courses and electives as

part of their MBA programs.


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• Joseph L. Rotman School of

Management, University of Toronto



• York University, Schulich School of

Business


• The St.Gallen MBA, University of

St.Gallen

Nitin Pangarkar, associate professor and academic director of the

MBA program at NUS Business School, explains that marketing

is a hugely important aspect of business management. “Students

pursuing the marketing specialization take courses addressing

aspects such as consumer behavior, marketing research, channel

management and pricing, plus product and brand management,”

Pangarkar states. “Through these courses, students come to acquire

an in-depth understanding of classic concepts as well as new ideas

in marketing. Students also acquire insights into the practice of

these ideas.”

Many of the top business schools in marketing are renowned not

only for producing world-class MBA graduates in the field, but

also for their strong marketing faculty and research. Many widely

available marketing journals publish work from the top business

schools featured in the rating.

Operations Management



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Operations Management
















14 9 Krannert School of Management, Purdue University United States 93.5 3















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31 30 Vanderbilt University, Owen Graduate School of Management United States 55.5 3













Hong Kong 44.1 2


Canada 42.6 2




48 191 Florida International University, Graduate School of Business United States 37.8 2


50 57 Max M. Fisher College of Business, The Ohio State University United States 37.6 2

50 39 Darla Moore School of Business, University of South Carolina United States 46.8



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Harvard overtakes MIT’s Sloan School of Management to take the top spot in this

year’s ranking for operations management. INSEAD also rises, taking third place

ahead of the Wharton School, while IE Business School moves up into the top five

ahead of Stanford. The top ten is evenly split between the US and Europe, with five

apiece.

The US still dominates this area of MBA instruction, with 21 of the top 50 schools,

though this number has dropped from as high as 27 two years ago as the range of

leading schools targeted by employers continues to diversify. Europe now accounts

for 17 of the top 50 schools, including five of the top ten, while nine schools from

Asia-Pacific are featured.

IIT Ahmedabad continues to increase its global profile, moving up a single place to

13th as it edges closer to the elite schools in the top ten. IIT Bangalore and Indian

School of Business are also rated highly by employers recruiting MBAs within this

specialization area, with Melbourne Business School joining them in the top 30.

In Europe, UK business schools once again lead the way in operations management,

accounting for eight of the 17 European schools featured. INSEAD, France is the

highest rated European business school, having made the top five for the past three

years.

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The following schools have significantly improved their reputation for operations

management among global MBA employers:


• Haas School of Business, UC Berkeley

• The St Gallen MBA, University of St.Gallen


• Cass Business School

• The University of Hong Kong, Faculty of Business and Economics

• Imperial College Business School, Imperial College London


• Florida International University, Graduate School of Business

An MBA specialization in operations management looks at the underlying concepts

of the production and operations function of an organization, and is generally

divided into two areas – the study of service operations, and manufacturing or

production operations. This may encompass study in the following areas: design-

related activities that form the function of a particular operation; the planning

and control activities necessary to run the operation; and/or improving the way

a particular operation performs its function. Operations management is often an

attractive specialization for MBA students interested in following management

careers in engineering, manufacturing, and logistics.

Professor Miguel Angel Heras, director of ESADE’s department of operations

management and innovation explains that careers in this field can be broken down

to simple key processes that are vital to many organizations.


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Management


• Cass Business School

• The University of Hong Kong,

Faculty of Business and Economics



• Imperial College Business School,

Imperial College London


• Florida International University,

Graduate School of Business

• Max M. Fisher College of Business,

The Ohio State University

“These processes are made up of interrelated, sequential activities through which

the components and actors required (raw materials, labor, capital, information, the

client, and such) are transformed into products. The key is the value added through

the process as perceived by the customer, i.e. the end product has a greater value

than the elements pre-process.”

Nitin Pangarkar, associate professor and academic director of the MBA program

at NUS Business School adds that business management skills in operations

management will be vital for some employers. “Some firms might have strategies

built around specific strengths. For instance, operations are one of Walmart’s

greatest strengths and, clearly, they would like to employ managers who have a good

understanding of key issues in that area.”

Strategy



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32 45 Desautels Faculty of Management at McGill University Canada 44.3 2







Canada 34.4 2


Hong Kong 33.0 2



Canada 31.5 2








48 65 Vlerick Leuven Gent Management School Belgium 24.4 1





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Last year’s top five all retain their positions in the 2013/13 ranking for strategy, led

by Harvard, INSEAD and Wharton. The top ten schools are all from the elite global

category, reflecting the status of strategy as a core curriculum area prioritized by

the most prestigious business schools around the world. Overall, North America

accounts for 23 of the top 50 schools, compared to 18 from Europe and nine from

Asia-Pacific.

Wharton, Stanford, Kellogg School of Management, Columbia Business School and

Chicago Booth Business School all join Harvard in the top ten. All six leading US

schools are thought-leaders in the field, with a strong teaching presence combined

with high-profile research.

European business schools are considered by employers to perform very well in

arming their MBA graduates with in-depth knowledge of business strategy. Nine

European schools appear in the top 20, led by INSEAD, London Business School, IE

and IMD.

In the Asia-Pacific region, India is currently leading the way in the MBA strategy

specialization. Of the nine business schools in the Asia-Pacific region featured in the

rating, five are located in India, including all of the region’s top four.

The following schools have significantly improved their reputation for operations

management among global MBA employers:


• Indian Institute of Management Calcutta

• Desautels Faculty of Management at McGill University


• Warwick Business School, University of Warwick


• Sauder School of Business, University of British Columbia


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As the ratings that make up the QS Global 200 Business Schools Report are based

on MBA recruiters’ opinions of MBA graduates’ abilities in strategy, MBA programs

that include elements of strategy, as well as those that specialize in it are included

in the ratings. Business schools that emphasize strategy as part of their standard

programs, and MBA programs specifically specializing in strategy can place

successful alumni in careers focusing on new commercial avenues, as well as

modernizing the management of existing business structures.




• Indian Institute of Management

Calcutta

• Joseph L. Rotman School of

Management, University of Toronto

• Sauder School of Business,

University of British Columbia




• Vlerick Leuven Gent Management

School


Management

Appendix: Media partners for the QS Global Employer Survey

65

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QS Quacquarelli Symonds was founded in 1990 and has established itself as the leading global provider of specialist higher education and careers information and solutions. Education and career decisions are too important to leave to chance, so QS ensures that candidates have access to the best

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2013/2014 QS Global 200 Business Schools Reportcontent.qs.com/we/QS_Global_200_BusinessSchools.pdf · QS Global 200 Business Schools Report 2013/2014 Nunzio Quacquarelli, MA Cambridge,