US universities blitzed the new Financial Times Global MBA rankings released yesterday, accounting for half the top 100 institutions listed.
But China arrived impressively, with three institutions where the comrades study capitalism storming the FT’s list of the world’s best. The Stanford Graduate School of Business is rated number one in the world, up two places on its three year average place. It leads the Harvard and Wharton business schools with London and Columbia completing the top five.
American institutions also account for half of the top 20 with universities in the UK, France, Spain, Singapore, Switzerland, Hong Kong and India making up the rest.
The UK is in a distant second place, with 14 universities rated among the world’s best. However, only the London Business School and the Said school at Oxford are in the top 20. Spain outperforms the UK with the IE and Iese schools ranked at eight and nine.
Other nations with multiple members of the top 100 include, Canada (five) Spain and Singapore (including joint ventures), three each, China, (three), Hong Kong (two), Switzerland (two) and Australia (two).
The big winners are universities not listed in recent years. These include the Indian Institute of Management in at number 11 and the National University of Singapore entering at 23.
Chin makes a splash with the Chinese University of Hong Kong in 28th spot and its neighbour, the University of Hong Kong at 37th. Peking University enters half way up the list, as the FT’s 54th business school in the world.
Universities in the UK notably lost ground on their recent ranks, including the Imperial College Business School at 46, previously at 38 on a three year average, the University of Lancaster’s management school which slid from 45 to 71st this year and Durham Business School down 20 spots to 94th.
Australia only rates twice. The Australian School of Business dropped four spots to 41 and the Melbourne Business School picked up eight places to 46. The ranking is based on criteria including graduate salaries, questionnaires completed by alumni and research rank, based on articles in 45 journals.