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February 09, 2008

"Real" Global MBA Rankings for 2008: "The 98"

June, 19, 2008 Update: Please also see my comparison and averaged ranking of "Top 20" MBA rankings in Businessweek, US News and World Report, FT, Wall Street Journal, EIU, and Forbes. See also my ranking of "Top 20" programs by acceptance rate.
Click here for all of my rankings tables together in one post.

The "Real" Global MBA Rankings for 2008:
FT MBA Rankings in Salary Order

The rankings below should hopefully be of value for both those engaged in initial school application selection and for admitted applicants who have been accepted to multiple programs and need to determine where to go.

“Methodology”: All FT 2008 Data was ranked in order of “Salary Today (US$).” No other methods were employed.

Justification #1: Whatever they pay you when you graduate is the market value of your degree, all other factors are mere conjecture.

Justification #2: One may very well value an MBA beyond mere salary calculations, but it will certainly be a factor for almost everyone.

Justification #3: Since each school reports its own data, assuming that data is good, the ranking is based on an objective criterion that all programs have in common.

Disclaimer #1: I could use some other accumulation of salaries for this same purpose, but since FT has just been released, I decided to use it. If your school is not included on this list of the top 98, please don’t be offended. Given more data, I would make a bigger list.

Disclaimer #2: Actual market value will very much depend on your situation. The numbers below are only averages.

Disclaimer #3: Salary is but one measure of ROI. This survey does not account for relative increase in salary, opportunity costs, or other less tangible, but important factors.

Disclaimer #4: These rankings in no way measure the value of the educational experience at any of these programs, merely the likely post-MBA salary outcome.

School Selection Strategy for Those Admitted to Multiple Programs: Go to the highest ranked program if you want to obtain the most market value.

School Application Selection Strategy Based on Salary Approach.
Simply compare salaries to rates of admission (Sorry, admissions rates are not below, but you can get them (except for those schools that don't report such information) on BusinessWeek or US News and World Report or directly from the schools):
1. Apply to the highest ranked programs you think you can get it into.
2. Find bargains: Schools with a high salary and a high rate of admission.
3. Avoid application to schools with a relatively low admissions rates and lower salaries.
4. Caveat emptor.

"THE 98"

1. Stanford University GSB, US, $175,766
2. Columbia Business School, US, $169,730
3. University of Pennsylvania: Wharton, US, $166,032
4. Harvard Business School, US, $163,493
5. Indian School of Business, India, $155,938
6. University of Chicago GSB, US, $155,484
7. MIT: Sloan, US, $155,316
8. CEIBS, China, $154,144
9. Dartmouth College: Tuck, US, $152,580
10. UCLA: Anderson, US, $148,615
11. INSEAD, France/Singapore, $147,763
12. IMD, Switzerland, $147,172
13. London Business School, UK, $145,918
14. New York University: Stern, US, $141,554
15. University of Oxford: Saïd, UK, $141,170
16. Yale School of Management, US, $140,576
17. Northwestern University: Kellogg, US, $136,674
18. University of Cambridge: Judge, UK, $133,480
19. UC Berkeley: Haas, US, $131,688
20. Cranfield School of Management, UK, $129,785
21. University of Virginia: Darden, US, $129,389
22. Cornell University: Johnson, US, $126,829
23. University of Michigan: Ross, US, $125,839
24. Emory University: Goizueta, US, $ 123,569
25. Duke University: Fuqua, US, $ 122,811
26. Australian Graduate School of Management, Australia, $122,349
27. Georgetown University: McDonough, US, $120,346
28. Imperial College London: Tanaka, UK, $120,207
29. IE Business School, Spain, $120,190
30. IESE Business School, Spain, $119,890
31. HEC Paris France, $118,562
32. University of North Carolina: Kenan-Flagler, US, $115,519
33. University of Southern California: Marshall, US, $114,582
34. University of Rochester: Simon, US, $113,983
35. University of Bath School of Management, UK, $113,727
36. University of Strathclyde Business School, UK, $113,071
37. Manchester Business School, UK, $112,625
38. Warwick Business School, UK, $112,586
39. Carnegie Mellon: Tepper, US, $112,536
40. City University: Cass, $111,615
41. University of California: Davis, U.S.A., $109,189
42. University of Texas at Austin: McCombs, U.S.A., $108,268
43. ESADE Business School, Spain, $108,166
44. Edinburgh University Management School UK, $107,956
45. Vanderbilt University: Owen U.S.A., $107,328
46. Rice University: Jones U.S.A. 2008, $107,180
47. Melbourne Business School Australia, $106,978
48. Babson College: Olin US, $106,849
49. University of Maryland: Smith US, $106,636
50. University of Western Ontario: Ivey Canada, $106,073
51. University of Notre Dame: Mendoza U.S.A., $105,783
52.Boston College: Carroll U.S.A. 2007, $105,659
53.Boston University School of Management US, $105,586
54. University of Washington Business School US, $105,554
55. Indiana University: Kelley US, $105,547
56. Lancaster University Management School UK, $104,609
57. RSM Erasmus University Netherlands, $104,211
58. Leeds University Business School UK, $104,165
59. Pennsylvania State University: Smeal US, $103,764
60. George Washington University US, $102,852
61. Michigan State University: Broad US, $102,202
62. University College Dublin: Smurfit Ireland, $101,730
63. Washington University: Olin US, $100,808
64. Nottingham University Business School UK, $100,277
65. University of California at Irvine: Merage US, $100,030
66. Bradford School of Management/TiasNimbas Business School UK/Netherlands/Germany, $99,202
67. Thunderbird School of Global Management US, $99,099
68. University of Toronto: Rotman Canada, $98,940
69. Purdue University: Krannert US, $98,554
70. Arizona State University: Carey US, $98,060
71. Hong Kong UST Business School China, $97,235
72. University of Wisconsin-Madison US, $96,866
73. SDA Bocconi Italy, $96,824
74. Vlerick Leuven Gent, Belgium, $95,754
75. College of William and Mary: Mason, US, $96,717
76. Brigham Young University: Marriott, US, $96,702
77. University of South Carolina: Moore, US, $95,417
78. Tulane University: Freeman, US, $95,384
79. Case Western Reserve: Weatherhead, US, $95,283
80. University of Arizona: Eller, US, $95,225
81. University of Georgia: Terry, US, $94,930
82. University of Pittsburgh: Katz, US, $94,641
83. University of Minnesota: Carlson, US, $94,246
84. University of Florida, US, $93,077
85. Ohio State University: Fisher, US, $92,788
86. Texas A & M University: Mays, US, $91,656
87. McGill University: Desautels, Canada, $91,551
88. Shanghai Jiao Tong University, ACEM, China, $91,346
89. EM Lyon, France, $90,532
90. Nanyang Business School Singapore, $89,836
91. Nyenrode Business Universiteit Netherlands, $89,223
92. University of Iowa: Tippie, US, $88,972
93. University of Illinois at Urbana-Champaign, US, $87,318
94. EADA Spain, $85,811
95. York University: Schulich, Canada, $84,388
96. University of British Columbia: Sauder, Canada, $81,997
97. Temple University: Fox, US, $75,458
98. University of Alberta, Canada, $74,250

I have made some additional comments regarding my ranking in a subsequent post.

Finally, I would like to thank "my team" at FT for doing all of the hard work.

Comments? Questions? Write comments or contact me directly at adammarkus@gmail.com. Please see my FAQ regarding the types of questions I will respond to.

-Adam Markus
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