For the first time in the 12 years of the FT’s famous annual MBA rankings, a British business school has knocked the Ivy League off the top spot. The London Business School, whose alumni includes Tony Wheeler, founder of the Lonely Planet Publishing Group, and Sir Richard Greenbury, former Chairman and CEO of M&S, has pushed Wharton, Harvard and Stanford to second, third and fourth positions respectively.
Based on judging criteria including salaries, value for money and feedback from alumni, LBS’ top performance was down to a combination of high quality research and international mobility for graduates and indicates the diminishing influence of US-based schools over the past decade.
The top ten full-time global MBA programmes are as follows:
1. London Business School
2. University of Pennsylvania: Wharton
3. Harvard Business School
4. Stanford University GSB
6. Columbia Business School
7. IE Business School
8. MIT Sloan School of Management
9. University of Chicago: Booth
10. Hong Kong UST Business School
Della Bradshaw, the FT’s Business Education Editor, said:
“It is impressive that this is the first time a British Business School has beaten the Americans at their own game – the home of the MBA. This is also the first time that a school from outside the US Ivy league has come first in the Financial Times MBA rankings, but this is not unexpected. Over the past decade our rankings have tracked the decreasing global dominance of US business schools.”
The FT’s in-depth magazine, Business Education, ranks the top global MBA degrees and names the top 100 schools globally. It is available today in the Financial Times and also on the FT.com at www.ft.com/businesseducation/mba2010.
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Notes to editors:
The FT compiles its MBA league tables by looking at data from alumni and business schools. This year a total of 156 business schools met the criteria for participation. Salaries, employment, entrepreneurship, size of company MBA graduates go on to join, job title before and after undertaking MBA courses were all analysed.
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