Business school rankings from the Financial Times

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Global MBA Programmes 2012

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Global MBA Rankings 2012

	Rank '12	Rank '11	Rank '10	3 yr. rank	School name	Country	Audit year^[1]	Sal today ($)^[2]	Weighted sal. ($)^[3]	Salary inc. (%)^[4]	Value^[5]	Careers^[6]	Aims achieved^[7]	Placements^[8]	Employment^[9]	Recommends^[10]	Wom. faculty^[11]	Wom. students^[12]	Wom. board^[13]	Int. faculty^[14]	Int. students^[15]	Int. board^[16]	Int. mobility^[17]	Int. course^[18]	Languages^[19]	PhD Faculty^[20]	PhD rank^[21]	Research^[22]
	1	4	4	32	Stanford Graduate School of Business	US	2010	191,6578,911	192,1798,919	12914	88	3	4	20	92 (98)0	2	181	345	170	391	383	223	58	17	0	964	51	10
	2	3	3	30	Harvard Business School	US	2008	177,8767,059	178,2498,011	1226	90	13	24	27	93 (100)3	1	231	393	480	381	340	243	54	53	0	942	212	2
	3	1	2	21	University of Pennsylvania: Wharton	US	2008	176,2991,146	172,353802	1203	98	36	31	24	85 (94)1	3	201	444	113	334	384	633	40	37	0	1000	31	1
	4	1	1	21	London Business School	UK	2010	154,7838,451	152,9817,205	1342	61	10	2	38	93 (97)2	4	222	313	171	832	902	7010	3	8	1	991	3411	13
	5	7	6	60	Columbia Business School	US	2009	171,6474,281	166,4973,090	13114	86	30	26	21	91 (88)1	7	171	350	100	611	451	350	45	65	0	970	136	14
	6	4	5	50	Insead	France / Singapore	2009	144,4223,552	144,3553,528	9711	19	15	21	51	84 (94)2	8	140	330	225	900	920	7010	10	4	2	970	116	14
	7	9	8	81	MIT: Sloan	US	2009	158,083270	157,3371,050	1201	92	8	64	26	92 (94)3	6	211	383	141	331	510	600	52	26	0	1000	165	7
	8	8	6	70	IE Business School	Spain	2009	152,1279,233	156,6587,074	1393	20	9	91	75	92 (92)1	28	321	301	241	540	870	811	31	36	1	952	690	66
	9	9	11	101	Iese Business School	Spain	2009	135,3021,964	133,8881,998	14810	66	6	10	30	97 (97)3	17	213	222	262	512	800	873	6	6	1	1000	7325	53
	10	6	9	82	Hong Kong UST Business School	China	2011	127,6005,734	127,6005,734	1442	30	37	34	77	89 (96)20	43	241	331	2316	4939	7419	6826	15	7	1	1000	234	19
	11	11	-	-	Indian Institute of Management, Ahmedabad	India	2011	175,076636	175,076636	14012	29	1	92	17	96 (100)1	10	142	61	300	33	71	00	44	74	0	971	523	94
	12	12	9	110	University of Chicago: Booth	US	2012	154,4492,079	152,5851,212	1090	99	62	19	3	89 (100)0	9	150	350	130	370	440	402	57	57	0	960	102	6
	13	14	15	140	IMD	Switzerland	2009	139,6445,895	144,0451,801	7811	7	7	1	1	91 (100)8	16	177	285	151	980	973	792	1	35	1	1000	n/a0	76
	14	25	28	226	University of California at Berkeley: Haas	US	2012	143,935397	146,8112,021	914	94	22	13	9	91 (99)4	12	237	291	101	440	420	72	55	33	0	1000	63	3
	15	20	20	183	Duke University: Fuqua	US	2012	138,0201,772	139,4052,842	1081	93	63	27	7	88 (100)11	15	171	377	100	434	381	401	75	32	0	1001	222	4
	16	21	22	201	Northwestern University: Kellogg	US	2008	146,1362,359	145,8342,469	964	100	46	6	6	94 (96)6	5	201	343	80	450	373	82	77	18	0	941	148	7
	17	15	13	152	New York University: Stern	US	2008	135,2343,164	134,0934,772	1154	97	57	25	14	91 (95)5	11	151	333	100	481	383	160	56	34	0	1000	83	7
	18	18	18	184	HEC Paris	France	2008	120,5922,695	121,0611,767	1071	34	25	5	74	90 (92)1	27	207	326	70	650	874	432	2	12	1	1001	492	41
	19	18	13	172	Dartmouth College: Tuck	US	2008	153,2522,480	151,1823,838	1112	95	60	7	16	94 (100)1	13	232	332	203	301	422	197	63	38	0	1000	n/a0	32
	20	13	12	152	Indian School of Business	India	2011	128,7983,554	129,5124,894	17710	52	29	71	41	100 (100)2	22	194	291	72	210	50	616	38	88	0	1000	n/a0	70
	20	15	16	170	Yale School of Management	US	2008	143,4028,049	142,4554,504	1249	87	33	3	28	91 (94)1	18	190	361	222	247	396	125	66	52	0	970	438	32
	20	27	16	210	University of Oxford: Saïd	UK	2008	134,891224	134,8051,900	1086	18	21	29	80	85 (87)14	30	132	262	355	551	932	386	16	41	0	970	275	53
	23	23	-	-	National University of Singapore Business School	Singapore	2012	98,4302,026	97,6252,831	18545	28	40	50	67	89 (86)4	55	301	285	143	590	902	2912	9	28	0	952	554	59
	24	17	22	215	Ceibs	China	2011	124,0995,585	123,0583,257	1505	49	27	28	62	94 (99)2	32	130	307	170	632	431	500	41	23	1	982	n/a0	81
	24	30	36	303	Cornell University: Johnson	US	2012	144,0253,571	141,7271,454	1169	80	54	14	15	85 (97)4	23	250	301	248	321	398	243	67	40	0	912	632	29
	26	26	21	243	University of Cambridge: Judge	UK	2012	132,1693,306	132,7584,441	965	22	32	11	69	82 (88)8	44	91	293	181	575	913	532	11	56	0	960	2527	59
	27	58	42	424	Warwick Business School	UK	2010	118,1518,840	118,1518,840	9428	8	44	37	93	95 (93)1	38	391	274	145	604	9111	145	20	30	1	970	96	46
	28	-	28	-	CUHK Business School	China	2011	100,408	100,408	160	39	4	9	44	94 (95)	58	21	40	11	28	62	56	21	13	0	96	57	53
	29	24	28	272	University of Michigan: Ross	US	2008	128,5895,619	129,6497,540	1013	77	47	49	5	86 (93)8	14	241	311	200	332	334	710	68	47	0	8410	41	5
	30	36	25	301	Rotterdam School of Management, Erasmus University	Netherlands	2011	103,4924,081	103,6284,341	11423	11	39	54	78	91 (90)4	51	161	334	273	370	985	232	5	59	1	1000	121	31
	31	29	40	331	Manchester Business School	UK	2010	117,0161,472	117,016916	1165	48	45	18	66	81 (91)1	42	341	221	212	372	894	149	18	21	0	912	10	81
	32	31	33	321	UCLA: Anderson	US	2012	135,0231,883	136,3311,395	1082	84	59	47	29	86 (91)5	21	170	283	191	375	325	131	87	58	0	1008	3713	20
	33	21	19	245	Esade Business School	Spain	2009	114,9719,601	114,98810,358	11513	44	5	17	45	92 (90)10	34	236	332	214	289	872	7119	14	9	1	886	642	81
	34	33	27	313	Nanyang Business School	Singapore	2011	102,3502,602	102,3502,602	1298	26	18	85	54	90 (92)8	71	342	271	193	654	834	571	22	49	1	966	655	66
	35	41	34	375	Carnegie Mellon: Tepper	US	2009	133,2486,230	132,3255,247	1099	91	58	40	18	88 (99)5	24	201	294	610	433	403	61	82	92	0	941	199	41
	36	34	26	320	Cranfield School of Management	UK	2008	122,2706,338	125,1966,863	881	14	14	35	53	92 (87)4	41	302	240	212	495	793	385	19	62	1	866	5922	89
	37	-	-	-	University of Hong Kong	China	-	106,720	106,720	121	55	74	53	81	92 (74)	78	31	42	20	47	68	0	13	2	0	97	54	70
	38	41	31	374	University of Virginia: Darden	US	2009	136,3286,246	134,9364,148	1097	75	77	36	12	92 (100)9	19	231	290	254	121	303	63	72	60	0	995	801	53
	38	32	41	371	City University: Cass	UK	2012	111,55212,454	111,55212,454	864	24	11	77	58	92 (99)5	75	270	456	385	624	8811	543	27	72	0	951	2814	74
	40	38	34	375	Emory University: Goizueta	US	2010	124,8124,016	124,8323,997	1116	74	83	8	22	94 (99)7	37	242	283	153	190	342	43	70	61	0	941	746	20
	41	35	36	373	Australian School of Business (AGSM)	Australia	2011	118,9434,577	118,9434,577	909	32	24	30	89	86 (93)4	72	271	155	131	592	802	252	17	20	0	950	684	66
	42	28	38	361	SDA Bocconi	Italy	2008	103,2737,556	102,8547,332	1203	21	38	74	60	81 (90)7	62	382	285	3312	272	8316	673	26	22	0	891	208	74
	43	38	38	401	Georgetown University: McDonough	US	2010	123,9522,548	123,2904,249	1071	76	43	22	43	88 (96)0	39	204	271	120	3814	4214	151	81	64	0	1006	n/a0	44
	44	46	45	451	University of Toronto: Rotman	Canada	2010	96,6793,497	94,2554,505	10114	51	89	57	90	85 (92)4	25	261	293	410	711	431	530	39	66	0	980	153	10
	45	44	44	443	Rice University: Jones	US	2008	118,617805	118,617805	11713	70	92	23	19	92 (100)8	56	210	279	201	230	256	40	84	96	0	930	n/a0	20
	46	37	32	382	Imperial College Business School	UK	2008	104,61910,944	104,61910,944	7418	38	19	41	63	93 (95)16	61	271	305	404	801	9121	505	43	44	0	941	303	53
	46	53	63	542	Melbourne Business School	Australia	2011	110,978643	110,701920	781	43	61	32	94	91 (89)3	70	310	243	247	753	828	126	12	39	0	1000	824	59
	46	73	57	594	Indiana University: Kelley	US	2012	111,950574	113,217541	11832	45	97	16	4	90 (99)6	31	261	328	156	221	4012	523	76	69	0	763	5815	20
	49	59	-	-	Pennsylvania State University: Smeal	US	2012	109,114971	109,114971	12537	37	67	15	25	78 (95)2	50	200	326	190	201	434	00	64	86	0	832	412	38
	49	52	48	501	University of Rochester: Simon	US	2011	112,9921,766	112,9921,766	12919	68	82	69	46	89 (90)16	85	170	310	132	360	523	1518	65	93	0	884	676	46
	51	-	65	-	Coppead	Brazil	2006	110,103	110,103	151	2	95	39	55	18 (100)	96	36	40	25	20	16	0	89	15	1	100	77	98
	51	44	54	502	Texas A & M University: Mays	US	2008	108,606171	108,606171	13418	4	71	12	33	93 (100)0	60	331	211	240	161	234	00	78	95	0	821	7013	46
	51	49	52	511	University of Texas at Austin: McCombs	US	2010	121,0112,589	121,1701,872	930	67	51	67	23	89 (95)1	20	281	285	122	271	243	20	95	70	0	860	210	17
	54	-	-	-	Peking University: Guanghua	China	-	79,914	79,914	201	15	55	100	71	100 (95)	57	26	37	3	10	33	67	97	43	1	95	17	66
	54	60	89	685	University of Cape Town GSB	South Africa	2007	141,490594	141,490594	9014	1	17	93	100	87 (97)5	94	321	332	170	321	286	300	46	10	0	611	814	94
	56	62	46	554	University of North Carolina: Kenan-Flagler	US	2011	117,4115,087	118,9594,309	924	65	75	46	32	85 (99)6	26	230	252	100	300	347	313	85	42	0	904	4410	27
	57	46	52	521	University of Illinois at Urbana-Champaign	US	2010	105,7262,779	105,7262,779	1174	57	88	45	59	90 (92)8	81	220	275	254	143	414	22	79	99	0	992	2425	32
	58	40	43	475	University of Maryland: Smith	US	2010	109,3751,556	109,3751,556	9213	83	76	89	72	82 (100)1	66	260	3512	171	290	3610	43	59	87	0	971	353	10
	59	49	54	543	York University: Schulich	Canada	2009	86,587257	88,283434	1006	33	85	87	97	85 (94)1	35	271	341	211	673	8314	542	36	19	0	990	752	27
	59	74	54	627	Purdue University: Krannert	US	2010	103,3043,052	103,3043,052	11218	46	84	75	65	89 (99)25	53	281	233	121	391	588	30	71	68	0	971	311	49
	61	-	49	-	Washington University: Olin	US	2010	106,687	106,668	105	82	65	60	37	94 (97)	85	21	27	14	35	35	0	83	90	0	98	79	20
	61	51	57	561	Vanderbilt University: Owen	US	2009	114,362205	114,265929	1014	78	20	33	39	83 (92)0	52	131	3611	100	239	203	30	94	82	0	1000	782	38
	61	64	57	611	University of Southern California: Marshall	US	2010	116,246378	121,0604,612	948	96	66	44	36	89 (90)1	47	281	303	132	300	211	132	93	89	0	811	338	29
	61	57	95	71	McGill University: Desautels	Canada	2009	89,6233,314	89,6233,314	970	47	87	52	84	98 (100)5	40	313	283	182	814	7615	260	29	25	0	960	4720	49
	65	61	94	7311	Hult International Business School	US / UK / UAE / China	2010	100,7476,332	100,6316,448	958	42	16	55	95	88 (82)8	97	220	290	100	7426	943	800	8	1	0	660	n/a0	98
	66	-	-	-	Sungkyunkwan University SKK GSB	South Korea	-	100,779	100,779	102	54	48	98	35	97 (100)	99	30	31	29	40	22	79	35	11	1	100	n/a	81
	66	72	67	685	Ohio State University: Fisher	US	2010	105,4265,235	105,4265,235	11318	56	64	83	48	92 (92)2	63	261	257	120	211	347	40	88	50	0	824	3810	17
	68	46	49	547	University of Western Ontario: Ivey	Canada	2008	99,8304,756	100,7383,589	889	40	81	72	34	90 (95)2	29	242	320	162	593	274	281	47	67	0	987	261	44
	69	74	47	637	Boston College: Carroll	US	2009	109,4401,674	109,4401,674	9512	63	79	62	64	85 (94)3	48	341	332	85	181	351	35	90	27	0	871	519	20
	70	55	87	711	Vlerick Business School	Belgium	2011	94,66110,823	94,66110,823	881	5	49	70	88	74 (80)9	89	292	289	203	253	882	1000	7	14	1	921	762	89
	71	41	24	4514	Lancaster University Management School	UK	2008	97,12413,402	97,12413,402	887	9	41	84	87	94 (89)23	84	272	255	2110	373	984	362	28	73	0	901	79	89
	72	-	75	-	University of Minnesota: Carlson	US	2007	108,994	108,994	96	69	99	90	52	88 (94)	74	27	31	17	30	24	11	60	71	0	84	39	14
	73	86	78	792	University of Washington: Foster	US	2010	109,0881,970	109,0881,970	9017	59	90	81	31	91 (100)11	68	292	340	191	190	279	131	80	55	0	902	426	32
	74	97	-	-	Georgia Institute of Technology: Scheller	US	2012	110,1185,118	110,1185,118	8626	60	28	43	11	95 (100)1	54	122	265	70	325	196	20	92	100	0	902	618	32
	74	63	67	687	Wisconsin School of Business	US	2009	108,9902,467	108,9902,467	1099	36	94	48	8	91 (100)4	64	203	2416	236	230	97	00	96	84	0	920	6011	59
	76	77	-	-	Incae Business School	Costa Rica	2012	83,9165,296	84,4114,801	13125	23	12	95	49	71 (97)24	82	100	355	131	505	621	805	42	16	1	902	n/a0	94
	77	-	65	-	Michigan State University: Broad	US	2009	98,784	98,784	101	50	91	65	2	84 (100)	49	29	20	26	22	34	9	49	98	0	89	53	38
	77	68	61	697	Boston University School of Management	US	2008	106,8792,083	106,7621,966	981	73	80	78	57	87 (93)1	45	271	343	3828	371	381	08	69	45	0	861	451	59
	79	-	57	-	George Washington University	US	2011	104,814	104,814	104	72	70	66	86	85 (90)	64	30	28	12	24	33	2	61	54	0	98	48	70
	80	78	79	792	Wake Forest University: Babcock	US	2010	108,737217	108,737217	12717	64	73	68	47	91 (100)1	72	261	258	174	62	2010	20	99	78	0	921	n/a0	78
	81	53	72	693	University of California at Irvine: Merage	US	2011	99,3332,162	99,3332,162	9716	79	100	51	83	92 (100)10	88	422	263	193	311	4313	74	74	83	0	980	562	41
	82	80	82	813	University of British Columbia: Sauder	Canada	2011	81,0287,866	80,8987,996	764	35	53	94	79	87 (95)4	67	195	337	294	691	5813	142	24	63	0	982	1811	20
	83	-	-	-	University of Pittsburgh: Katz	US	2009	88,783	88,783	137	31	86	96	73	84 (95)	98	28	30	6	16	37	3	48	94	0	91	66	49
	83	88	89	873	University of Edinburgh Business School	UK	2010	97,7334,335	97,7334,335	631	27	52	79	96	95 (95)9	87	330	4412	3111	423	960	316	23	24	0	872	461	81
	85	80	71	793	University of Notre Dame: Mendoza	US	2008	106,3411,915	106,1711,743	1043	71	56	59	50	87 (98)11	69	240	220	102	111	202	50	98	31	0	861	n/a0	32
	86	-	-	-	Northeastern University: D'Amore-McKim	US	-	93,824	93,824	112	81	26	73	70	95 (100)	83	27	34	19	29	30	5	62	74	0	91	n/a	70
	86	68	75	761	Birmingham Business School	UK	2012	87,2749,845	87,2749,845	870	6	35	97	98	99 (85)3	92	251	310	520	393	921	590	30	97	0	883	297	81
	86	78	98	875	University College Dublin: Smurfit	Ireland	2012	102,0263,328	102,0263,328	702	12	72	88	99	100 (90)0	100	241	272	161	413	569	497	33	48	0	970	5013	76
	89	68	67	758	Thunderbird School of Global Management	US	2011	99,7072,932	100,8032,181	899	62	69	38	82	52 (85)12	36	291	272	230	291	616	362	34	29	1	901	n/a0	81
	90	64	64	739	University of Iowa: Tippie	US	2012	92,978320	92,978320	1289	41	98	58	42	88 (99)7	95	241	2915	181	183	245	63	73	81	0	829	7113	59
	91	-	73	-	Aston Business School	UK	2010	83,286	83,286	85	16	23	61	76	89 (96)	90	35	30	40	46	93	33	37	46	0	80	40	81
	91	68	-	-	S P Jain School of Global Management	Dubai / Singapore	-	78,937670	79,8091,703	14640	3	50	42	10	100 (91)0	77	2413	222	250	2872	397	2575	25	79	0	7229	n/a0	94
	93	-	-	-	University of St Gallen	Switzerland	-	91,106	91,106	60	13	78	80	85	78 (92)	79	9	25	45	66	84	64	4	51	1	83	62	78
	94	55	74	744	Durham University Business School	UK	2012	91,7189,463	91,7189,463	6128	17	34	86	91	68 (84)14	90	261	353	456	597	916	354	32	76	1	885	3218	89
	95	80	67	8110	University of South Carolina: Moore	US	2010	93,0531,756	93,0531,756	10512	58	96	76	68	74 (90)8	93	221	324	121	235	243	60	53	3	0	824	7210	49
	95	64	93	84	Ipade	Mexico	2012	90,9005,829	90,9005,829	17637	53	2	82	13	86 (100)14	76	112	274	08	152	112	916	91	5	1	321	n/a0	98
	95	90	89	91	Bradford University School of Management	UK	2012	87,228	87,228	110	10	42	99	61	91 (74)	80	33	27	42	28	100	8	50	91	0	79	36	89
	98	91	83	912	Brigham Young University: Marriott	US	2008	101,0111,454	101,1891,632	11816	25	93	56	40	88 (100)1	46	71	118	82	20	141	65	100	85	0	882	n/a0	53
	98	88	96	949	SMU: Cox	US	2010	101,2861,864	101,2861,864	901	85	68	20	56	81 (100)14	59	280	221	102	234	221	32	86	77	0	921	n/a0	59
	100	84	99	943	Babson College: Olin	US	2008	106,5066,886	106,5066,886	850	89	31	63	92	81 (85)3	33	272	291	151	191	5910	121	51	80	0	811	n/a0	78
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Table notesAlthough the headline ranking figures show the changes in the survey year to year, the pattern of clustering among the schools is also significant. A total of 197 points separate the top school from the school at number 100 in the ranking. The top 10 schools, from Stanford GSB to Hong Kong UST Business School, form the leading group of world-class business schools. A total of 63 points separate Stanford from HKUST. The second group is headed by the Indian Institute of Management, -Ahmedabad, which scored 68 points more than SDA Bocconi, leader of the third group. The fourth group, which includes schools ranked from 72nd to 100th, is headed by University of Minnesota: Carlson.

Footnotes

1. Indicates the most recent year that KPMG audited a business school, applying specified audit procedures relating to selected data provided for the Financial Times MBA ranking.
KPMG reported on the results of obtaining evidence and applying specified audit procedures relating to selected survey data provided for the Financial Times 2012 MBA ranking for selected business schools. Enquiries about the assurance process can be made by contacting Michelle Podhy of KPMG at mpodhy@kpmg.ca. The specified audit procedures were carried out between November and December 2011. The audit date published denotes the survey for which the specified audit precedures were conducted.

2. The average alumni salary three years after graduation. (The 2011 ranking surveyed the MBA class that graduated in 2007). This figure includes alumni salary data for the current year and the one or two preceding years, where available. The figure is NOT used in the ranking.

3. The average alumni salary today with adjustment for salary variations between industry sectors. This figure includes data for the current year and the one or two preceding years where available.

4. The percentage increase in average alumni salary from before the MBA to today as a percentage of the pre-MBA salary. This figure includes data for the current year and the one or two preceding years where available.

5. This is calculated using the salary earned by alumni today, course length, fees and other costs, including the opportunity cost of not working for the duration of the course.

6. This is calculated according to changes in the level of seniority and the size of the company alumni are working in now versus before their MBA. Data for the current year and the one or two preceding years are included where available.

7. The extent to which alumni fulfilled their goals or reasons for doing an MBA.

8. Alumni who used the careers service at their business school were asked to rank its effectiveness in their job search. This figure includes data for the current year and the one or two preceding years where available.

9. The percentage of the most recent graduating class that had found employment or accepted a job offer within three months of graduation. The figure in brackets is the percentage of the class for which the school was able to provide employment data.

10. Alumni were asked to name three business schools from which they would recruit MBA graduates. The ranking is calculated according to the number of votes received by each school. Data for the current year and the one or two preceding years are included where available.

11. Percentage of female faculty. For gender-related criteria, schools with a 50:50 (male:female) composition receive the highest score.

12. Percentage of female students. For gender-related criteria, schools with a 50:50 (male:female) composition receive the highest score.

13. Percentage of female members of the advisory board. For gender-related criteria, schools with a 50:50 (male:female) composition receive the highest score.

14. Percentage of faculty whose citizenship differs from their country of employment

15. Percentage of students whose citizenship differs from the country in which they are studying.

16. Percentage of the board whose citizenship differs from the country in which the business school is based.

17. This is calculated according to whether alumni worked in different countries before the MBA, on graduation and also where they are employed today.

18. Weighted average of four criteria that measure international exposure during the MBA programme.

19. Number of extra languages required on completion of the MBA. Where a proportion of students requires a further language due to an additional diploma, that figure is included in the calculations but not presented in the final table.

20. Percentage of faculty with a doctoral degree

21. This is calculated according to the number of doctoral graduates from each business school during the past three years. Additional points are given if these doctoral graduates took up faculty positions at one of the top 50 full-time MBA schools of 2011.

22. This is calculated according to the number of articles published by current full-time faculty members in 45 selected academic and practitioner journals. The rank combines the absolute number of publications with the number weighted relative to the faculty's size.

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