Go to a better blog!


You can find a better version of my blog at http://www.adammarkus.com/blog/.

Be sure to read my Key Posts on the admissions process. Topics include essay analysis, resumes, recommendations, rankings, and more.

March 24, 2013

Q&A with IESE’s Dr. Kimio Kase

I had the pleasure of meeting IESE's Dr. Kimio Kase in February.  While that conversation was off-the-record, Dr. Kase was kind enough to answer my questions below.  Dr. Kase has had extensive experience assisting Japanese applicants with IESE's MBA program.  While his remarks below will be of particular interest Japanese applicants, I believe anyone considering application to IESE will find his insights quite useful.

Dr. Kase's official IESE biographical summary is as follows:

"Prof. Kase participated in the joint UK-Japan research project on the corporate-level strategy, which was conducted under the aegis of Japan’s Ministry of International Trade and Industry and Manchester University. He was visiting professor at the prestigious China Europe International Business School (CEIBS) in Shanghai in 2001  and taught at Japan’s International Christian University (ICU) in 2006/2007, Peru's PAD, Korea's Yonsei University and Japan's Rikkyo University in these last years. He also served on the faculty of the International University of Japan, where he taught strategy for two years.

Prof. Kase has extensive corporate experience in the fields of global trade and management. He started off by working for a Japanese global trading house, where he specialized in industrial marketing. He was later appointed director of Price Waterhouse European Firm. Another firm on his curriculum is the Inter-American Development Bank in Washington DC.

Prof. Kase has written and contributed to several books and articles, published both in Spanish outlets and international journals such as the International Marketing Review and Harvard Deusto Magazine. 2005 saw the publication in the UK of a book he co-authored, titledTransformational CEOs: Leadership and Management Success in Japan, the Japanese version of which was published in November 2006. He also co-authored the books, CEOs as Leaders and Strategy Designers: Explaining the Success of Spanish Banks, which was published by Palgrave Macmillan in 2007, Asian versus Western Management Thinking in 2011, etc., etc. Prof. Kase has also drawn up numerous case studies on a wide range of companies and organizations.

As a member of IESE’s Center for Sport Business Management, Prof. Kase conducted extensive research on business and sports activities. His current research, however, mainly centers on knowledge management in collaboration with Hitotsubashi University's Professor Ikujiro Nonaka.

———————————————————————————————————————–

Adam: What makes IESE unique amongst MBA programs?

Dr. Kase: Caring attention to every detail and every human relationship is one main characteristic of IESE Business School and its MBA Programme (and other programmes of ours, too).

Support staff, professors, etc., are always ready to hold out a helping hand to the students.

Regarding more academic aspects we may point out that this is a general management-oriented programme. Functional knowledge is fully taught but the integration of various functional fields to foster the general manager's attitude and aptitude is our hall-mark.

Adam: I know that you have the opportunity to meet many applicants to IESE, what would your advice be to those who are considering applying to IESE?

Dr. Kase: First of all they should shop around and get as much information as possible. For that I suggest that they talk to the alumni and current students.

In a school such as ours personal contacts to get the real "feel" of the environment and the content of the programme is essential. There are things that cannot be explained on paper. The "tacit knowledge" is the key for the decision-making if the applicant to come to IESE.

Of course they can contact me personally and I will be more than happy to oblige them by giving my advice. Moreover from this autumn on we will count on a Japanese MBA graduate based in Tokyo to represent IESE, whom applicants will be able to contact.

Adam: I know you are very involved in IESE's recruiting efforts in Japan and elsewhere in Asia.  Based on my observation, IESE has been incredibly successful at building a reputation amongst Japanese applicants.  Why is that?


Dr. Kase: The fact that somebody liaises the applicants and IESE offering palpable contact points could have been one factor for IESE's success. We may call this more personalised attention or human-centric approach. This was made possible thanks to our alumni network in Japan. Also, I am glad to express my personal satisfaction that I may have been part of all this.

IESE does not use advertisements on the media to increase the awareness of our possible "clients". In lieu of it we at IESE prefer to give something warmer and more humane through personal contacts and attention.

Rankings on various magazines of reputation have been also instrumental as a first approach to potential applicants.

Adam: As a faculty member at IESE, I wondered if you could give my readers, your perspective on the role of the professor within the IESE classroom.

Dr. Kase: The level of lectures and classes is a result of the combination between the expertise and skills of professors and the willingness to learn on the part of students.


In Zen Buddhism there is a nice concept that quite well explains this: sottaku doji (The hen should start pecking at the egg only when the chick is starting to peck its way out). In order to break the egg-shell both the chick from inside and the hen from outside have to peck it together at the same time.

In a similar way, professors help their students to learn how to define problems and set in place a framework to analyse them, based on their academic and professional bagage and the inductive case method, but the students also have to render as much effort as possible.


Therefore the learning takes place in the classroom as a consequence of the sottaku doji phenomenon between the professors and students.


Adam: IESE's first year curriculum is well known for being amongst the most challenging, what if any "survival tips" to do you have for those who are planning on attending IESE or other top MBA programs?

Dr. Kase: For Japanese students my usual advice is to study together with other non-Japanese colleagues to lessen the cultural bias we may have in approaching problems and analysing cases.

In the case method a way to analyse a given situation may have some basic direction (though it may not totally converge on one exclusive way of analysis). Only by getting mixed with other people from other cultural backgrounds you may live to learn it, namely, the mixture of deductive Westerners and inductive Asians (See my 2011 book, Asian versus Western Management Thinking: Its Culture-Bound Nature on the topic).

Other more prosaic tips are: to take a good care of one's health, to consult one's mentors as soon as one encounters with any problem, not to seclude oneself from other students, etc.

Adam: What role do you see and/or hope to see Asian IESE alumni playing in Japan and more generally?

Dr. Kase: For me this is the essential purpose of getting students from Asia, especially from Japan.

After a couple of decades of stagnation Japanese corporate system is in dire need of leaders who can change the existing paradigm.

I hope changes brought about by our graduates trickle down to other organisations and the society in general.

As to Asia at large the bringing-in of most updated management knowledge (which one can get from any other excellent B-schools in the US or EU) assimilated and integrated as practical and implementable skills will help Asian countries to catch up with other advanced nations and to consolidate their positions in the century of Asia.

Adam: I recently had an opportunity to attend IESE Dean Jordi Canals' presentation here in Tokyo. One point he made was that ethics are incorporated into all the courses at IESE.  What role do you think ethics should play in a business education and how do you personally bring ethics into the classroom?

Dr. Kase: Insofar as managers are not machines, their behaviour will not be judged only by economic results (which are essential) but also by their ethic of work and ethics.

For a business school to manage to instil 100 percent in the mind of students the code of behaviour and ethics in two years will be next to impossible, but it may sow the basic ideas of what ethics is expected from them.

Students may also learn it not only from classroom discussion but from the interaction with their classmates, professors, support staff, etc., etc.

I guess in this the selection process must be very important. Students willing to learn it may be encouraged to join IESE.

I want to thank Dr. Kase for taking the time to answer my questions.



-Adam Markus
I am a graduate admissions consultant who works with clients worldwide. If you would like to arrange an initial consultation, please complete my intake form. Please don't email me any essays, other admissions consultant's intake forms, your life story, or any long email asking for a written profile assessment. The only profiles I assess are those with people who I offer initial consultations to. Please note that initial consultations are not offered when I have reached full capacity or when I determine that I am not a good fit with an applicant.

February 23, 2013

Stanford GSB MBA Admissions Interviews

My five-part analysis of the application for admission to the Stanford Class of 2015 (2013 entry) begins with Stanford GSB MBA Essay Questions for Class of 2015. The following post focuses on admissions  interviews for Stanford GSB. 


Stanford GSB’s is the hardest MBA admission interview invitation to get on the planet.  If you have been invited, your chance of admission just went from about 6.5% (depends on the year) to 50%.   The odds are much better, now you must close the deal.  While a poor interview is unlikely to result in admission,  the admissions process at Stanford is holistic and a great interview is no absolute guarantee of success.

Stanford GSB MBA admission  interviews, while so hard to get, are not necessarily hard interviews because (1) most of the questions are relatively predictable,  (2) the overall style of the interview is typically  conversational,  and (3) time constraints are either minimal or non-existent.  This is interview about fit as typically determined by an alumni “gatekeeper.” Interviews with admissions or other Stanford staff do happen as well, but this is relatively rare (I will discuss this point below).  Chances are good that this gatekeeper might be in your industry or in some manner have a complementary background for assessing you.  For example, if you might be perceived as lacking a particularly important attribute (professional experience in the field related to your goals or English skills for example), don’t surprised if the alumni is someone who is in a good position to judge this. While I imagine in some places with few alumni, a high level of complementary assessment (e.g., McKinsey applicant interviewed by Boston Consulting Group alumnus) would be less likely, I can say that it is the rule rather the exception if you reside in a location with numerous Stanford alumni.

Interacting with the interviewer
You can typically expect a lively exchange and hopefully a good conversation. If your interview is scheduled for late on a workday or on a weekend or outside of the interviewer’s office, whatever you do, don’t make any plans for it to end on time as Stanford interviews are well known for going long. 

Reported interview length for interviews is official 45 minutes, but can go on for longer than that. It usually consists of 30-40 minutes of questions from the alumni followed by 5-15 minutes of question to the alum, but often the interviews go longer, an hour or more is not uncommon. In my own experience with clients, I would say that if the interview goes for an hour or more, that is a good sign, but a 45 minute interview is not necessarily a bad sign. Interviews that last 75 minutes to 120 minutes are not uncommon.
Whoever you interview with, they are likely to be quite friendly and the style of the interview is conversational. Stanford alumni are provided with very clear guidelines for how to conduct interviews. The alumnus will be provided with a list of questions,  which they utilize.  The extent to which the alumnus does this appears to be highly variable. You may get more of an informal conversation with the occasional behavioral question or you might get something consists of many of the standard interview questions mentioned below.
Just because your interviewer is friendly, it does not mean that you are doing well. Don’t assume a friendly interviewer is not actually a super critical one. Alumni are the gatekeepers and Stanford can afford to reject anyone. Take nothing for granted.

Preparing for the interview
Given the mix of standard interview questions and behavioral  questions, I do suggest you prepare extensively for both kinds of questions.   For my  detailed suggestions on overall interview preparation, please see:
-MBA Application Interview Strategy
-Interview Practice is ABOUT SPEAKING!
-Further Comments on MBA Admissions Interviews 
-General Characteristics of Admissions Officers, Students, and Alumni Interviewers
-Recovering from a bad answer during an MBA admissions interview
-10 Ways to Blow an MBA Admissions Interview
The above posts are my general remarks on MBA admissions interview strategy and apply here.  For  answering behavioral questions, please see MIT Sloan MBA Interviews, which will teach you how to be a STAR (if you don’t know what I am talking about, read the post for sure).



Typical Questions
My colleague, H. Steven Green, has put the following together by reviewing interview reports of Stanford University GSB interviews found at accepted.com and clearadmit.com.
RESUME
  • Tell me about your background/walk me through your resume.
  • Tell me a bit about yourself
  • What extracurricular activity are you most proud of?
  • What did you take away from your undergraduate experience?
  • What do you like to do outside of work?
  • Tell about a time you streamlined operations/made things more efficient? What did you do?  How did you measure its success?
  • What metrics did you use?
  • Tell me about your international experience.
  • What is your favorite place you've traveled?
  • What is your company's strategy?  Is it succeeding?
GOALS, REASONS FOR MBA, REASONS FOR STANFORD
  • Tell me about a specific time when you realized you needed an MBA.
  • Why a Stanford MBA?
  • Why do you need an MBA?
  • Why now?
  • Why Stanford?
  • How would you decide between schools if you got into multiple MBA programs?
  • What will you bring that is unique to the program?
  • How will you contribute to Stanford?
  • What are your short-term goals? Long-term goals?
  • Where else have you applied? How have those worked out?
  • Explain how you are ready for academic rigor.
CHARACTER & CHALLENGES TO YOUR BELIEFS AND VALUES
  • Tell me about a time you faced an obstacle and what did you do about it?
  • Tell me about a time you faced an ethical situation.
  • Tell me about a time you had your beliefs challenged.
  • Tell me about a time you had to stand your ground and how did you do it?
  • Tell me about a time your values were challenged and you had to consult your moral compass?
DIFFICULT WORK RELATIONSHIPS
  • Tell me about someone difficult to work with that was in a position above you and what you learned from it.
CRITICISM AND FEEDBACK FROM OTHERS
  • Tell me about a time when others have pointed out a weakness of yours.
  • Tell me about the most valuable piece of feedback you’ve ever received. How did it change your relationship with that individual? Why was it important?
  • What is a valuable piece of feedback you have received?
FAILURE
  • Tell me about a time things didn't go according to plan and you failed? What did you learn from it?
  • What did you learn from a failure?
  • Tell me about an individual or group failure.
  • Tell me about a time when you failed. What did you learn from that event and how have you implemented what you learned from that failure?
  • How do you deal with failure?
BOOKS YOU'VE READ
  • Name a book that you’ve read recently that was not for work. We then discussed that book.
  • What is your favorite book that is not work related?
  • What are your 3 favorite books?
INSPIRATION, PASSION
  • Tell me about what inspires you.
  • Is there anything you've done merely out of passion?
  • If money were not an issue, what cause would you pursue most vigorously?
  • Tell me about a time you wanted to give up but found the motivation to keep going?
  • What is your greatest accomplishment?
  • Tell me about a time you had to make a trade-off between two equally attractive opportunities?
TEAMWORK
  • Tell me about a time you worked with a difficult team member or manager.
  • Tell me about an individual or group failure.
  • Tell me about a team experience.
  • Have you ever led a team?
LEADERSHIP
  • Tell me about a time when you had to lead a team of individuals. What did you learn about yourself? What did you learn about leadership?
  • Tell me about a leadership experience.
  • Tell me about a time you knew you were an effective leader and how did you know?
  • What is your leadership style? Give me an example of how you’ve led that way.
  • When have you led peers and how?
  • Tell me about a time when a leader fell short and you had to step up and lead.
  • Tell me about a time when you’ve been challenged as a leader and what you learned from it.


Demonstrate Fit
You need to be able to explain in-depth why you should be admitted to Stanford, what you can contribute, and what you want to learn. Be willing to openly discuss what soft and hard skills you need to improve/acquire. Show yourself to be open, dynamic, change oriented, and a highly motivated person because the alum will be.

Prepare good questions
Since there is supposed to be time for you to ask questions to the alum, you need to give some significant thought to formulating those. Consider what year the alum graduated and any other background information if you can determine that through Linkedin or other sources of information. Develop four or more questions to ask.

For more about my interview services, please see http://www.adammarkus.com/services/.
-Adam Markus


I am a graduate admissions consultant who works with clients worldwide. If you would like to arrange an initial consultation, please complete my intake form. Please don’t email me any essays, other admissions consultant’s intake forms, your life story, or any long email asking for a written profile assessment. The only profiles I assess are those with people who I offer initial consultations to. Please note that initial consultations are not offered when I have reached full capacity or when I determine that I am not a good fit with an applicant.



-Adam Markus
I am a graduate admissions consultant who works with clients worldwide. If you would like to arrange an initial consultation, please complete my intake form. Please don't email me any essays, other admissions consultant's intake forms, your life story, or any long email asking for a written profile assessment. The only profiles I assess are those with people who I offer initial consultations to. Please note that initial consultations are not offered when I have reached full capacity or when I determine that I am not a good fit with an applicant.

February 04, 2013

Yale SOM MBA Admission Interviews

This will be a rather brief post on MBA Admissions Interviews for the Yale School of Management MBA Class of 2015.  Based on a client report (I had one client who was admitted there in R1, you can find that client’s testimonial as well) and the sole report in Clear Admit (Accepted had no reports for the Class of 2015 R1), Yale has radically changed its interview style.  Previously it asked a range of standard MBA interview questions plus a few weird ones focusing on college (which made the interview seem kind of immature and childish in tone compared to other schools), but this has completely changed.  The Yale website does not really explain this in any specific way. Actually the only discussion I could even find of the contents of the interview was the following, which is from the October 2012: From the Director of Admissions: Inside the Admissions Process

“At the interview, we will ask you questions about your past experiences and decisions, in order to get a better sense of how you act and think. The best way to prepare for an interview is to know your resume, re-read your application essays, and have a good sense of what you have done well—and not so well—in the past, and why.”

There is no indication here that the interview content has greatly changed, but based on the reports I have seen for round one, it has changed greatly.

(By the way, this same blog post mentions the role of interviews in the MBA application process:
“Interviews are by invitation of the Admissions Committee. We invite applicants to interview throughout the round. At the moment, we have extended roughly one-third of the total invitations we plan to offer for the round; more invitations will be coming in the next few weeks. While an interview invitation is certainly a positive sign—it’s not possible to be admitted without one—it should not be viewed as an indication of your final decision. We typically interview roughly 30% of our applicants, and a little more than half of those interviewed are ultimately offered a place in the class.” )

Here is an excerpt from the one R1 report for the Class of 2015 available on Clear Admit:
“It was all behavioral questions–tell me about a time you faced a deadline, tell me about a time you disagreed with your boss, tell me about a time you improved something in your office. It was all over the place and the only question that was straight-forward was "Why SOM." 

While I can’t disclose the specific content of my own client’s R1 report,  it is safe to say that the content was consistent with the above report.

You can assume whether you interview with a second-year student or an admissions officer, they will come in with a list of behavioral questions plus asking you a few standard type questions (Why MBA? Why SOM? What are your goals?  Do you have any questions).  Until I actually have more interview reports to work with and better characterize the specific types of behavioral interview questions that Yale is asking, I recommend reviewing my analysis of MIT Sloan MBA interviews because it provides a complete guide to preparing for behavioral interviews. If you are interested in my interview preparation services, please complete my interview-only intake form.



-Adam Markus
I am a graduate admissions consultant who works with clients worldwide. If you would like to arrange an initial consultation, please complete my intake form. Please don't email me any essays, other admissions consultant's intake forms, your life story, or any long email asking for a written profile assessment. The only profiles I assess are those with people who I offer initial consultations to. Please note that initial consultations are not offered when I have reached full capacity or when I determine that I am not a good fit with an applicant.

February 03, 2013

Preparing for Wharton Interviews for the Class of 2015

In this post, I discuss how to prepare for Wharton Round 2 Interviews for fall 2013 entry.  This post consolidates my three previous posts on Wharton Interviews for the Class of 2015:

Wharton Group Interview Questions Now Made Public (Round 1, not Round 2)

More details about Wharton MBA Interviews for 2013 entry

Wharton Interviews for the Class of 2015

There are two parts to the Wharton interview, the team-based interview and one-to-one interview.  Each part can be prepared for. I am assuming anyone who is reading this post has actually been invited for a Wharton interview and has reviewed the official information regarding it.


TEAM-BASED DISCUSSION
I will not disclose the contents of the specific team-based question that Wharton has Round 2 interviewees to prepare for because it is not available on the web as of the time of this posting. I do know the question, but it is my policy not provide such information unless I have obtained it from a public source.
Since I don’t have a school and don’t teach classes with multiple applicants at one time, I cannot provide a mock team discussion. However, based on working with clients who have been doing group interviews for Wharton R1, and IMD (IMD is the school best known for group interviews),  I do have some suggestions as well as methods to prepare clients.
Here are some basic group interview strategies to keep in mind:
1. Be someone who makes clear and effective points in the conversation, but does not dominate the conversation.
2. Don’t be rude to others. Rude jerks are the easiest people to get rid of when evaluating participants in a team based discussion. Stanford Professor Bob Sutton’s No Asshole Rule surely applies here:  CLICK HERE TO FIND OUT IF YOU ARE AN ASSHOLE.
3. Listen closely enough to others in order to say something that builds on or reacts against what other people are saying. Refer to what others are saying in order to build consensus.
4. Try to provide constructive communication that moves the discussion forward to a positive conclusion. Make an effort to include others in the conversation.
5. Don’t be afraid to make a less than perfect point. If you do that too much, you will never get enough speaking time and perceived as shy and ineffective in team situations. That will get you dinged.
6. Synthesize and summarize the team’s conversation in order to move the conversation forward.
7.  Use hedging language and other forms of consensus building language. Try to avoid being dismissive of the views of others.
8. If you are having difficulty understanding someone because of their accent or because of your poor English listening skills, still engage in non-verbal demonstrations that you understand what they are saying.  Non-verbal communication will surely be observed, so if you look confused or frustrated that could be used against you.
9. Smile and show eye contact with other people.
10.  Make sure that you don’t slouch in your seat, but are sitting tall and look like a positive and engaged person.
11. Be willing to serve as the group in a functional role: timekeeper, note taker, or facilitator.  Making a contribution is of bottom line importance.
How I prepare my clients for the team discussion: The main thing I can do is go over the question and make sure my client’s prepared opening comments are effective.  The nice part of the Wharton team discussion is that you do have the question ahead of time and know what possible variations you will encounter.  For Round 2 interviews you essentially need to prepare three separate answers based on the three possible variations you will encounter. I would review each answer by listening to my client’s opening answers.  I assess each opening answer on the following basis:
1. Does the suggested answer address the topic directly?
2. Is the suggested answer one that other group members and the interviewer can easily understand?
3.  Can the answer be communicated very briefly? Given time limits you will need to communicate it very briefly.
4.  Is the answer interesting/original/creative?
5. Are there any negative aspects to the proposed answer?
I can’t effectively prepare someone for the actual dynamics of a group conversation, but by at least making sure my client’s opening is solid, I know they will at least be well positioned to start strong.


SHORT INDIVIDUAL DISCUSSION (ONE-TO-ONE POST TEAM-BASED DISCUSSION INTERVIEW)
Based on what my Round One clients reported to me and the public reports on Clear Admit, the 15-minute one-to-one interview is likely to consist of 4-6 questions, which I have divided  into the following two categories.

QUESTIONS ABOUT THE  TEAM BASED INTERVIEW
It appears that all applicants were asked both of the questions below.  Be prepared to provide your feedback on the team-based interview.  Assume that this is a test of your self-awareness of group dynamics, an opportunity to explain the role you took in the group, and a chance, hopefully to correct any misperceptions of yourself on the part of the interviewer. 
1) How do you think the team-based interview went?
2) Was your behavior typical of how you work in a team? / Was your behavior in the Team-Based Discussion representative of the way you typically act in group settings?
How I prepare my clients for this part of the interview: I can’t really do that because it is based on what actually happened in the interview.  The only thing I can do is make sure that my client realizes that they will be asked such questions and that they should be mindful of the role that they performed in the group. For example,  if the interviewer perceives you, as say, overly reserved or overly aggressive, you need to be ready to discuss that issue.

TYPICAL INTERVIEW QUESTIONS (Assume 2-4 such questions)
This is the standard part of the interview. If you are doing more Standard interviews, it will be easy to prepare for this part.  For advice on more standard interviews, please see my  MBA Application Interview Strategy. I highly recommend reviewing your resume and Wharton essays as part of your preparations.  You should surely be able to explain why Wharton in particular is the ideal place for you to study.  You  should have 1-2 questions available. If you are interviewing off-campus, you should have questions ready for an admissions officer. If you are interviewing on-campus, you had better be prepared to have questions ready for both an admissions offer and a 2nd year student.
Do you want to highlight anything in your application?
Introduce yourself
Discuss your career progress
Tell me about a time when you worked in a group in which everyone did not agree and how did your team resolve the situation?
What is your post-MBA goal?
Why MBA?
Why Wharton?
Do you have any questions for me?
Anything you want to add?

How I prepare my clients for the individual interview: I would typically ask my clients these questions in a mock interview.  It would not be completely realistic because I would go over all the above questions just to make sure that my client was covered for all the above topics. If we were preparing for more standard interviews (Booth, Columbia, Kellogg, Haas, etc.), it might not really be necessary to go over this part of the interview for Wharton.


For more about my interview services, please see http://www.adammarkus.com/services/.




-Adam Markus
I am a graduate admissions consultant who works with clients worldwide. If you would like to arrange an initial consultation, please complete my intake form. Please don't email me any essays, other admissions consultant's intake forms, your life story, or any long email asking for a written profile assessment. The only profiles I assess are those with people who I offer initial consultations to. Please note that initial consultations are not offered when I have reached full capacity or when I determine that I am not a good fit with an applicant.

January 28, 2013

Adam's Global Top MBA Rankings 2013

As I have been doing since 2008, I wanted to provide my Global Top 100 MBA Rankings for 2013.  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.  Programs are ranked in many ways, so certainly look at other rankings lists. There is no one objective measure of an MBA programs’ value and no ranking that can account for an individual student’s positive or negative return on their investment of time and money for a graduate business education.


"Methodology": All FT “Global MBA Rankings 2013” Data was ranked in order of " Weighted Salary ($)." No other methods were employed. I have included the FT 2013 rankings as well.

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 salary 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 objective criteria that all programs have in common. (Note: This a big assumption because it is based on the belief that schools are not manipulating their data).

Disclaimer #1: I could use some other accumulation of salaries for this same purpose, but FT’s list is global, so I decided to use it. If your school is not included on this list of the top 100, please don't be offended. If FT ranked more programs, so would I.

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 reported average weighted post-MBA salary outcome.

School Selection Strategy for Those Admitted to Multiple Programs: Go to the highest salary 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 which are available for all US programs listed in BusinessWeek and US News and World Report and for some non-US programs.
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. Don’t assume schools are necessarily reporting data with 100% accuracy.


School Selection Strategy for Those Considering Staying Local versus Going for a Globally Recognized Brand:  If you are deciding between going to your local MBA program instead of moving to a new city and/or country, look closely at the expected post-MBA salary rates to determine which programs are worth moving for.
1. If you are planning on studying in the US and/or Europe and are a non-resident, assume the real possibility, based on present economic circumstances, that you will likely need to return to your home country because of tightened visa restrictions and limited job opportunities.
2. If your objective is stay in your present locality, closely scrutinize whether the higher-ranked, but non-local option will actually prove to be of significant benefit to you in the future. For example, an MBA alumni network that consists of a large number of local graduates may be worth significantly more to you than association with a prestigious internationally famous brand if you intend to stay local.
3.  If your professional objectives are global, you will likely benefit much more from an MBA with global brand value rather than a program with local brand value even if the post-MBA salaries are not significantly different.

One advantage of a salary-based list of programs worldwide is that it helps to see the rising global market value of MBA programs. It also means that those of us who help applicants considering worldwide application, start to pay more attention to such national leaders and not just to dominant US and European programs.
For those with a US MBA bias, this ranking should be humbling because so many of what are usually ranked quite highly in the US, don’t, at least at the weighted salary level, look as attractive as rankings might suggest.
From a school selection perspective, I think looking at the stark reality of the expected financial outcome is critical. Looking at this solely helps to put the outcome into focus. “The 100″ is only one possible way of doing this.
I am well aware that applicants don’t simply make selection choices on the basis of salary, but I think evaluating programs on this basis is one important consideration.
Finally, I would like to thank “my team” at FT for doing all of the hard work. They have this nifty way of generating excel documents that really reduced my work by hours.

The Top 100 Global MBA Programs
Adam’s Ranking School name Country Weighted salary (US$) FT Rank in 2013
1 Stanford Graduate School of Business US 194645 2
2 Harvard Business School US 187223 1
3 University of Pennsylvania: Wharton US 180772 3
4 Columbia Business School US 174347 5
5 Indian Institute of Management, Ahmedabad India 171188 26
6 University of Chicago: Booth US 162363 10
7 Northwestern University: Kellogg US 161269 13
8 London Business School UK 160988 4
9 MIT: Sloan US 160414 9
10 Yale School of Management US 159370 14
11 IE Business School Spain 157054 11
12 Dartmouth College: Tuck US 156765 16
13 INSEAD France / Singapore 153992 6
14 University of California at Berkeley: Haas US 151952 12
15 Cornell University: Johnson US 147799 24
16 IMD Switzerland 147380 19
16 UCLA: Anderson US 147125 23
18 IESE Business School Spain 146049 7
19 University of Cambridge: Judge UK 145169 16
19 Duke University: Fuqua US 145147 18
21 New York University: Stern US 144586 19
22 University of Virginia: Darden US 142657 35
23 University of Michigan: Ross US 140195 30
24 University of Cape Town GSB South Africa 137361 74
24 University of Oxford: Saïd UK 136609 24
26 Hong Kong UST Business School China 132685 8
27 The Lisbon MBA Portugal 132606 61
28 CEIBS China 131362 15
29 Carnegie Mellon: Tepper US 131294 43
30 Georgetown University: McDonough US 130676 40
31 University of Texas at Austin: McCombs US 128711 46
32 Cranfield School of Management UK 127911 38
33 Esade Business School Spain 126699 22
34 Emory University: Goizueta US 124918 49
35 Korea University Business School South Korea 124419 86
36 HEC Paris France 123571 21
37 Indian School of Business India 123470 34
38 University of North Carolina: Kenan-Flagler US 123004 45
39 Rice University: Jones US 122832 37
40 University of Southern California: Marshall US 120251 82
40 Warwick Business School UK 120111 28
42 Vanderbilt University: Owen US 119178 53
43 Australian School of Business (AGSM) Australia 118050 48
44 City University: Cass UK 117195 40
45 Babson College: Olin US 116212 80
46 University of Illinois at Urbana-Champaign US 115493 44
46 Manchester Business School UK 114769 29
48 University of Rochester: Simon US 114312 59
49 University of Hong Kong China 114119 31
50 Indiana University: Kelley US 112932 54
51 SDA Bocconi Italy 112673 39
52 University of Maryland: Smith US 112552 50
53 Hult International Business School US / UK / UAE / China 112520 57
54 Georgia Institute of Technology: Scheller US 111683 59
54 Pennsylvania State University: Smeal US 111359 77
54 Boston College: Carroll US 111051 93
57 Texas A & M University: Mays US 110765 69
57 University College Dublin: Smurfit Ireland 110099 64
59 Wisconsin School of Business US 109878 91
59 Tulane University: Freeman US 109334 81
61 Washington University: Olin US 109119 54
62 University of Washington: Foster US 108899 78
62 University of Strathclyde Business School UK 108601 87
64 Boston University School of Management US 108474 95
64 University of California at Irvine: Merage US 107582 54
66 Michigan State University: Broad US 107453 62
66 SMU: Cox US 107264 98
68 Imperial College Business School UK 107032 42
69 Melbourne Business School Australia 106887 62
69 Sungkyunkwan University SKK GSB South Korea 106864 51
71 Rotterdam School of Management, Erasmus University Netherlands 105546 33
72 University of Iowa: Tippie US 105063 74
72 Purdue University: Krannert US 104362 68
74 CUHK Business School China 103423 27
74 University of Western Ontario: Ivey Canada 103112 78
76 Ohio State University: Fisher US 103064 72
77 College of William and Mary: Mason US 102842 97
78 Nanyang Business School Singapore 102683 32
78 University of St Gallen Switzerland 100814 82
80 George Washington University US 100600 84
81 University of Bath School of Management UK 99916 72
82 Arizona State University: Carey US 99796 87
82 Case Western Reserve University: Weatherhead US 99343 94
84 University of California, San Diego: Rady US 98556 95
84 Mannheim Business School Germany 98262 69
86 University of Toronto: Rotman Canada 97652 46
87 Coppead Brazil 96621 66
87 Lancaster University Management School UK 96080 71
89 Vlerick Business School Belgium 94829 84
90 EMLyon Business School France 94394 92
91 National University of Singapore Business School Singapore 94340 36
92 Tilburg University, TiasNimbas Netherlands 93859 64
93 York University: Schulich Canada 93207 52
94 University of South Carolina: Moore US 91878 99
95 University of British Columbia: Sauder Canada 90833 57
95 McGill University: Desautels Canada 90440 76
97 University of Alberta Canada 86666 100
98 Incae Business School Costa Rica 86060 90
99 Fudan University School of Management China 80154 89
100 Peking University: Guanghua China 77044 66


-Adam Markus
I am a graduate admissions consultant who works with clients worldwide. If you would like to arrange an initial consultation, please complete my intake form. Please don't email me any essays, other admissions consultant's intake forms, your life story, or any long email asking for a written profile assessment. The only profiles I assess are those with people who I offer initial consultations to. Please note that initial consultations are not offered when I have reached full capacity or when I determine that I am not a good fit with an applicant.
Real Time Web Analytics