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18 Youth Incorporated ║ NOVEMBER 2012

GLOBAL BUSINESS SCHOOL RANKINGS2012

Top 100 MBA

Top 50 Online MBA

Top 50 Finance

Top 50 Marketing

Top 50 Management

Factor Rankings

Methodology

_COVER STORY

19NOVEMER 2012 ║ Youth Incorporated

WYOUTH INC RESEARCHES, AGGREGATES AND RANKS THE BEST BUSINESS SCHOOLS IN THE WORLD

elcome to the Youth Incoporated, DNA and Rediff.com Global Business School Rankings 2012. In attempt to identify, gauge and classify the best business schools in the world that provide not just quality education but also an overall satisfying experience, we present to you the fruits of our research: the top 100 schools for an MBA (full-time), the top 50 for degrees in Finance, Management and Marketing, and the top 50 schools for an online MBA. In a throwback to the Global University Rankings we did last year, the first two top schools here – Harvard and Stanford – are verily the same as in our last effort, proving that these schools are truly the best at everything they do. Running down the list, there are both familiar and new names, indicating a rise in the number of premier B-schools in the world. Some are surprise inclusions in terms of their higher ranking and some are shockers because of their lower ranking. But what is most telling in our research is that sole business institutions are now no more the hallowed temples for an MBA; multi-programme universities are fast becoming the chosen destinations for students.

RANK NAME OF INSTITUTION COUNTRY SCORE

1 Harvard University USA 1002 Stanford University USA 99.83 University of Pennsylvania USA 99.54 Columbia University USA 99.25 London Business School UK 996 INSEAD France 98.67 IE Business School Spain 98.58 MIT USA 989 University of Chicago USA 97.5

10 IIM Ahmedabad India 97.311 Northwestern University USA 9712 University of California at Berkeley USA 96.913 New York University USA 96.814 Dartmouth College USA 96.615 Hong Kong UST China 9616 Indian School of Business India 9517 IIM Calcutta India 9418 IMD Switzerland 93

TOP 100 MBA

Presenting Partner Online Partner

_COVER STORY



19 Duke University USA 9220 Yale University USA 9121 Cambridge University UK 90.822 Oxford University UK 90.523 Cornell University USA 9024 HEC Paris France 8925 National University Singapore Singapore 8826 University of Manchester UK 87.427 University of Virginia USA 8728 IESE Spain 86.729 Australian Graduate School of Management Australia 86.330 CEIBS China 8631 University of Hong Kong China 8532 ESADE Spain 84.833 Nanyang Technological University Singapore 84.434 Imperial College UK 8435 Carnegie Mellon University USA 8336 Chinese University of Hong Kong China 8237 University of Melbourne Australia 8138 University of Michigan Ann Arbor USA 8039 Georgetown University USA 79.540 SDA Bocconi Italy 7941 University of Toronto Canada 78.442 McGill University Canada 7843 Rotterdam School of Management Netherlands 77.844 University of Cape Town South Africa 77.545 Peking University China 7746 Rice University USA 76.547 University of California at Los Angeles USA 76.348 Emory University USA 7649 Penn State University (Smeal) USA 75.850 Indiana University (Kelley) USA 75.251 York University Canada 7552 University of Western Ontario Canada 74.653 University of Southern California USA 74.554 Washington University (Olin) USA 7455 University of Rochester (Simon) USA 73.856 University of Washington (Foster) USA 73.357 Purdue University USA 7358 Texas A&M University (Mays) USA 72.959 City University London UK 72.8

A new player (at least in developing countries) in the realm of business education is the online MBA. Given the pressures of a professional life and the need to constantly update one’s knowledge and skills, MBA programmes have begun being conducted 100% online and are gaining popularity. However, the leaders in this initiative are not the old guard but the relatively younger schools. Read more on our analysis of an online MBA degree on pages 24 and 25.

What sets apart these rankings is that credence has been given to responses from the institutions, the students, alumni and recruiters, giving our data the depth of multiple perspectives. While they were quizzed on the usual value for money and programme quality concerns, students also had to give their feedback on the diversity in their classrooms, career services available to them and exchange programmes in their schools. We also relied heavily on recruiter satisfaction to see how the institutes stacked up in the real world.

Harvard University

21NOVEMBER 2012 ║ Youth Incorporated


60 University of Texas at Austin USA 72.561 Cranfield University UK 7262 University of North Carolina (Kenan-Flagler) USA 71.763 Ohio State University (Fisher) USA 71.364 Boston University USA 7165 Vlerick Business School Belgium 70.566 University of Minnesota (Carlson) USA 7067 Boston College USA 6968 Incae Business School Costa Rica 68.869 University of British Columbia Canada 68.570 Queens University Canada 6871 Coppead Brazil 6772 Pontificia Universidad Catolica de Chile Chile 66.773 University of Edinburgh UK 66.374 Business School Sao Paulo Brazil 6675 Mannheim Business School Germany 65.776 Macquarie Graduate School of Management Australia 65.277 SP Jain Institute of Management India 6578 Michigan State University (Broad) USA 64.979 Copenhagen Business School Denmark 64.380 University of Alberta Canada 6481 American University in Cairo Egypt 6382 Universidad de Chile Chile 62.783 University of South Carolina USA 62.484 University of Miami USA 62.185 IPADE Mexico 6286 University of Notre Dame USA 61.587 Babson College USA 61.388 University of California Irvine USA 6189 Brigham Young University USA 6090 Thunderbird Graduate School USA 5991 Georgia Institute of Technology USA 5892 Lancaster University UK 5793 George Washington University USA 56.994 University of Warwick UK 56.495 Bond University Australia 5696 Queensland Institute of Tech Australia 55.897 Southern Methodist University USA 55.398 Wake Forest University USA 5599 University of Pittsburg USA 54.5

100 University of St.Gallen Switzerland 54

THE INDIA STORYOne Indian institute has made it to the top 10 and four in the top 100, but let us not feel self-congratulatory yet. Let us instead ask, “Why only four?” China has five schools in the top 100, one more than us, but let’s take a closer look at them: Peking University (rank 45), for instance, reported that the percentage of Western students studying in their full-time Beijing International MBA programme increased from 5 per cent in 2006 to 35 per cent in 2011. On graduating, their students were offered jobs from over 250 companies as diverse as JP Morgan, Apple and Louis Vuitton. As for their faculty, they have more than 40 professors from North America and Europe. This throws light on some problems plaguing Indian B-schools. We do not have a diverse, international student body or faculty, perhaps because we still place emphasis on rote learning when the rest of the world does not. Where are our non-IIMs? The IIMs alone cannot be serious competition to the likes of Harvard and LBS. Other Indian B-schools must be raised to that standard. India is a great place to study, but it needs a lot of work to be recognised as such internationally.

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_COVER STORY

RANK NAME OF INSTITUTION COUNTRY1 Harvard University USA2 Stanford University USA3 University of Pennsylvania USA4 Columbia University USA5 MIT USA6 University of Chicago USA7 Northwestern University USA8 University of California at Berkeley USA9 New York University USA

10 Dartmouth College USA

TOP US B-SCHOOLS

RANK NAME OF INSTITUTION COUNTRY1 London Business School UK2 Cambridge University UK3 Oxford University UK4 University of Manchester UK5 Imperial College UK6 City University London UK7 Cranfield University UK8 University of Edinburgh UK9 Lancaster University UK

10 University of Warwick UK

TOP UK B-SCHOOLS

RANK NAME OF INSTITUTION COUNTRY1 INSEAD France2 IE Business School Spain3 IMD Switzerland4 HEC Paris France5 IESE Spain6 ESADE Spain7 SDA Bocconi Italy8 Rotterdam School of Management Netherlands9 Vlerick Business School Belgium

10 Mannheim Business School Germany

TOP EUROPEAN B-SCHOOLS

TOP MBA DISTRIBUTION

London Business School

Stanford University

IE Business School

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RANK NAME OF INSTITUTION COUNTRY1 IIM Ahmedabad India2 Hong Kong UST China3 Indian School of Business India4 IIM Calcutta India5 National University Singapore Singapore6 CEIBS China7 University of Hong Kong China8 Nanyang Technological University Singapore9 CUHK China

10 Peking University China

TOP ASIAN B-SCHOOLS

RANK NAME OF INSTITUTION COUNTRY1 University of Toronto Canada2 McGill University Canada3 York University Canada4 University of Western Ontario Canada5 University of British Columbia Canada6 Queens University Canada7 University of Alberta Canada

TOP CANADIAN B-SCHOOLS

RANK NAME OF INSTITUTION COUNTRY1 Australian Graduate School of Management Australia2 University of Melbourne Australia3 Macquarie Graduate School of Management Australia4 Bond University Australia5 Queensland Institute of Tech Australia

TOP AUSTRALIAN B-SCHOOLS

University of Toronto

Australian graduate school of managementUniversity of Melbourne

IIM Ahmedabad

_COVER STORY


TOP 50 ON LINE MBARANK NAME OF INSTITUTION COUNTRY SCORE

1 IE Business School Spain 1002 University of Florida USA 99.53 Arizona State University USA 994 Imperial College UK 98.75 Babson College USA 986 Drexel University USA 977 George Washington University USA 968 Indiana University Bloomington USA 959 Thunderbird Graduate School USA 94

10 Northeastern University USA 9311 Syracuse University USA 9212 Temple University USA 9113 Penn State University USA 9014 North Carolina State University USA 8915 University of North Carolina Chapel Hill USA 8816 University of Strathclyde UK 8717 University of Warwick UK 8618 University of London (Royal Holloway) UK 8519 University of Edinburgh UK 8420 Suffolk University USA 8321 Virginia Tech USA 8222 University of Michigan Dearbon USA 8123 Pace University USA 8024 Florida State University USA 7925 University of Derby UK 78

MBA GOES ONLINE

There has been a drastic increase in the number of students opting for online courses in recent times. According to Ambient Insight, the global e-learning market is said to reach a whopping `2.5 lakh crore (about US$47.2 billion) by 2014. Most prospective B-school students hesitate to commit to a two-year programme due to lack of funds, lack of time and preference for work experience. These students are

choosing online MBA programs over conventional courses to meet their requirements.

WHAT IT INVOLVESPursuing an online MBA degree allows you to receive your study material from an international, local or well known university without leaving your computer.

You can contact your professors and other students through web chat sessions, Skype calls and so on.

Some institutes also arrange discussion meetings of students from one particular location. Assessments are carried out through periodic online examinations and tests.

THE OPTIONSOnline MBA programmes: These are taught entirely online and the student need not visit the university for any purpose.Combination MBA programmes: In these programmes, the learning is


TOP 50 ON LINE MBARANK NAME OF INSTITUTION COUNTRY SCORE

26 Hofstra University USA 7727 Florida International University USA 7628 Auburn University USA 7529 University of Aston UK 7430 University of Nebraska Lincoln USA 7331 University of Texas Dallas USA 7232 University of Liverpool UK 7133 University of Leicester UK 7034 Walden University USA 6935 Deakin University Australia 6836 SBS Business School Switzerland 6737 James Madison University USA 6638 University of Maryland UC USA 6539 Robert Gordon University UK 6440 Curtin University Australia 6341 Ball State University USA 6242 University of Massachusetts - Amherst USA 6143 University of Memphis USA 6044 Portland State University USA 5945 Rowan University USA 5846 Kennesaw State University USA 5747 Educatis Switzerland 5648 Oxford Brookes University UK 5549 EUDE Spain 5450 Athabasca University Canada 53

divided into online sessions as well as classroom sessions.

THE BENEFITSThe biggest pro of pursuing an online MBA is that it allows you the flexibility of working while studying. Therefore, both your practical and theoretical knowledge witness a simultaneous increase. There is also the significant advantage of making money while you study. Another valuable benefit is that you can implement your learning in your professional life instantly, giving you immediate gratification. There is also the added advantage of owning a global degree, without the extra expenditure. An online MBA is also a viable option for students who want to escape the pressures of competitive exams as it is easier to gain admission for an online course.

THE DRAWBACKSThe most obvious drawback of the online MBA is the lack of human connect. There is no interaction with fellow students and immediate guidance from professors. There are many other benefits that online MBA students can’t enjoy, such as industry

visits and networking with important people from the industry. Also, an online programme is suited only for people who are disciplined and self-motivated as classroom pressures are not present in such an education.

BOTTOM LINEIf you have an online MBA degree and are competing with someone with a campus degree, you might probably be the second choice for the job. However, if you have both work

experience and an online degree, your chances will improve significantly. Online MBAs are thus more suited for people who have attained posts they don’t want to give up, but are still keen on updating their knowledge and keeping up with developments.

Most importantly, one needs to ensure that the college offering the online MBA is recognised by national accrediting bodies (these differ from country to country). Double and triple check the college’s affiliation.

_COVER STORY


TOP 50 FINANCERANK NAME OF INSTITUTION COUNTRY SCORE

1 London Business School UK 1002 Princeton University USA 99.83 IE Business School Spain 99.34 MIT USA 995 London School of Economics UK 98.76 ESSEC Business School France 987 HEC Paris France 978 Oxford University UK 96.69 ESCP Europe Europe 96

10 University of Texas at Austin USA 95.511 Texas A&M University USA 9512 Peking University China 9413 Grenoble School of Business France 9314 Imperial College UK 9215 EDHEC Business School France 9116 Boston College USA 9017 University of St.Gallen Switzerland 8918 University of Warwick UK 8819 Purdue University USA 87.520 Vanderbilt University USA 8721 EMLYON Business School France 8622 City University UK 8523 Cranfield University UK 8424 Washington University St Louis USA 8325 University of Illinois UC USA 82


26 Stockholm School of Economics Sweden 8127 University of Rochester USA 8028 University of Maryland College Park USA 7929 Rotterdam School of Management Netherlands 7830 George Washington University USA 7731 EADA Spain 7632 Nova School of Business & Eco Portugal 7533 Michigan State University USA 74.534 Ohio State University USA 7435 University of Bath UK 7336 University of Manchester UK 7237 University of Reading UK 7138 Università Bocconi Italy 7039 Vlerick Business School Belgium 6940 University of Arizona USA 6841 University of Florida USA 6742 University of Utah USA 6643 Lancaster University UK 6544 University College Dublin Ireland 6445 Northeastern University USA 6346 University of Nottingham UK 6247 University of Strathclyde UK 6148 Villanova University USA 6049 Tulane University USA 59.550 University of Colorado Denver USA 59

OUT-OF-THE-BOX

TEACHING

FIND YOUR OWN INTERNSHIPS

}}80% OF POLLED STUDENTS REPORTED THAT THEIR TEACHERS USED INNOVATIVE TEACHING METHODS IN THE CLASSROOM

60% OF THE SURVEYED SCHOOLS DO NOT ORGANISE INTERNSHIPS FOR STUDENTS

LONDON BUSINESS SCHOOL

KASP

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TOP 50 MARKETINGRANK NAME OF INSTITUTION COUNTRY SCORE

1 New York University USA 1002 Northwestern University USA 993 Columbia University USA 98.74 Johns Hopkins University USA 98.45 University of Bath UK 986 University of Melbourne Australia 97.67 ESCP Europe Europe 97.38 University of Manchester UK 979 Erasmus University Rotterdam Netherlands 96

10 Copenhagen Business School Denmark 95.711 HEC Paris France 9512 EADA Spain 94.713 Griffith University Australia 9414 City University of Hong Kong China 9315 ESSEC Business School France 9216 Cranfield University UK 9117 Texas A&M University USA 9018 Imperial College UK 8919 BI Norwegian Business School Norway 8820 Vlerick Management School Belgium 8721 City University London UK 8622 ESADE Spain 85.623 EBS Business School Germany 8524 SKEMA Business School France 8425 Maastricht University Netherlands 83


26 Clemson University USA 8227 Lancaster University UK 8128 Monash University Australia 8029 Aalto University Finland 7930 University of Strathclyde UK 7831 University of Newcastle Australia 7732 University of Nottingham UK 7633 ISCTE Business School Portugal 7534 King's College London UK 7435 Stockholm University Sweden 7336 University of Cincinnati USA 7237 Fordham University USA 7138 Bentley University USA 7039 University College Dublin Ireland 6940 University of Edinburgh UK 6841 Brunel University UK 6742 University of Glasgow UK 6643 University of Stirling UK 6544 University of Kent UK 6445 University of Aston UK 6346 University of Sydney Australia 6247 University of Leeds UK 6148 Florida State University USA 6049 University of Reading UK 5950 Coventry University UK 58

GLOBAL STUDENTS

NO MONEY, HONEY }}

80% OF THE INSTITUTES HAVE EXCHANGE PROGRAMMES WITH

OTHER SCHOOLS

70% OF B-SCHOOL STUDENTS DID NOT RECEIVE ADEQUATE FINANCIAL AID AND SCHOLARSHIPS TO STUDY AT THE INSTITUTE OF THEIR CHOICE

NEW YORK UNIVERSITY

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_COVER STORY


ONLY 30% OF THE POLLED BUSINESS SCHOOLS HAVE A DECENT CAMPUS RECRUITMENT SYSTEM


1 London School of Economics UK 1002 IE Business School Spain 993 MIT USA 984 ESCP Europe Europe 97.55 HEC Paris France 97.26 Rotterdam School of Management Netherlands 977 EMLYON Business School France 968 Mannheim Business School Germany 959 Imperial College UK 94

10 ESSEC Business School France 9311 HHL Leipzig Graduate School Germany 9212 ESADE Spain 91.513 Edhec Business School France 9114 Grenoble Graduate SOB World 9015 University of St.Gallen Switzerland 8916 City University London UK 88.717 Università Bocconi Italy 88.318 Thunderbird Graduate School USA 8819 Vlerick Business School Belgium 8720 Duke University USA 8621 Bordeaux University France 8522 Maastricht University Netherlands 8423 Copenhagen Business School Denmark 8324 IAG-Louvain Belgium 8225 University College London UK 81

TOP 50 MANAGEMENT


26 University of Warwick UK 8027 HEC Montreal Canada 7928 Brunel University UK 7829 University of Bath UK 7730 Télécom Business School France 7631 Norwegian School of Economics Norway 7532 Lancaster University UK 7433 University of Strathclyde UK 7334 Politecnico di Milano Italy 7235 University of Economics Czech Rep 7136 University of Cologne Germany 7037 University of Edinburgh UK 6938 Warsaw School of Management Poland 6839 Aston University UK 6740 University of Reading UK 6641 University of Leeds UK 6542 BI Norwegian Business School Norway 6443 Catholic University of Portugal Portugal 6344 Nyenrode Business Universiteit Netherlands 6245 Antwerp Management School Belgium 6146 Shanghai Jiao Tong University China 6047 Aarhus University Denmark 5948 University of Nottingham UK 5849 Robert Gordon University UK 5750 Bradford University UK 56

ALL WORK AND NO

PLAY }}ONLY 30% OF THE SURVEYED INSTITUTES ENCOURAGE THEIR STUDENTS TO PARTICIPATE IN EXTRACURRICULAR ACTIVITIES

FEW JOBS ON CAMPUS

LONDON SCHOOL OF ECONOMICS

_COVER STORY


WHAT GOES INTO THE MAKING OF A WORLD-CLASS INSTITUTION? TO FIND OUT, WE ASKED B-SCHOOL STUDENTS AND ALUMNI ABOUT WHAT LIFE IS LIKE WITHIN THE FOUR WALLS OF THEIR SCHOOLS

RANK NAME OF INSTITUTION COUNTRY1 Columbia University USA2 IE Business School Spain3 Harvard University USA4 Stanford University USA5 MIT USA6 University of Virginia USA7 Cornell University USA8 HEC Paris France9 University of Chicago USA

10 New York University USA

RANK NAME OF INSTITUTION COUNTRY1 New York University USA2 Harvard University USA3 MIT USA4 Northwestern University USA5 Dartmouth College USA6 London Business School UK7 Duke University USA8 Cambridge University UK9 INSEAD France

10 University of Hong Kong China

DIVERSITY OF STUDENTS

DIVERSITY OF

STUDENTS

DIVERSITY OF FACULTY

20%

5%

Strongly Agree

Agree

Disagree

Strongly Disagree

50%

25%

THERE IS SUFFICIENT GENDER DIVERSITY IN MY CLASS

75 per cent of polled students said their classrooms had a good ratio of male to female students. This shows that the winds in business studies are really changing, with more women ready to take on the roles of entrepreneurs, business women, managers, directors, advisors, consultants and even CEOs. This is a welcome change and we hope it persists.

FACTOR RANKINGS:AN INSIDE

VIEW

THERE IS SUFFICIENT INTERNATIONAL DIVERSITY IN MY CLASS

_COVER STORY


PROGRAMME INNOVATION

70%10%

10%

10%

Strongly Agree

Disagree

Agree

Strongly Disagree

50%

10%

30%

10%

Strongly Agree

Agree

Disagree

Strongly Disagree

RANK NAME OF INSTITUTION COUNTRY1 IIM Ahmedabad India2 IIM Calcutta India3 Indian School of Business India4 National University Singapore Singapore5 University of Melbourne Australia6 McGill University Canada7 University of Toronto Canada8 University of Hong Kong China9 Duke University USA

10 Carnegie Mellon University USA

VALUE FOR MONEY

RANK NAME OF INSTITUTION COUNTRY1 IIM Ahmedabad India2 Stanford University USA3 University of Pennsylvania USA4 Northwestern University USA5 Dartmouth College USA6 University of Chicago USA7 University of Virginia USA8 National University Singapore Singapore9 Columbia University USA

10 Cornell University USA

CAREER SERVICES

RANK NAME OF INSTITUTION COUNTRY1 London Business School UK2 INSEAD France3 IE Business School Spain4 Columbia University USA5 Cornell University USA6 IIM Ahmedabad India7 Duke University USA8 New York University USA9 HEC Paris France

10 Indian School of Business India

EXCHANGE PROGRAMMES

MY INSTITUTION HAS A CAREER SERVICE CELL AND IS WELL KNOWN WITH RECRUITERS

A mere 35 per cent of students responded postively to our question, indicating that an active, efficient and well-connected careers cell – crucial to business students and graduates – is shockingly absent in most of the institutions here.

THE PROGRAMMES TAUGHT IN MY INSTITUTE ARE INNOVATIVE AND INCLUDE COMPANY VISTS

I FEEL THAT MY INSTITUTE HONED MY LEADERSHIP SKILLS

ALUMNIFEEDBACK

_COVER STORY


STUDENT SATISFACTION

40%

20%

35%

5%

Strongly Agree

Agree

Disagree

Strongly Disagree

RANK NAME OF INSTITUTION COUNTRY1 IE Business School Spain2 University of Pennsylvania USA3 Northwestern University USA4 University of Chicago USA5 University of Virginia USA6 INSEAD France7 London Business School UK8 University of Michigan Ann Arbor USA9 Carnegie Mellon University USA

10 HEC Paris France

INNOVATION OF PROGRAMMES

RANK NAME OF INSTITUTION COUNTRY1 Stanford University USA2 Harvard University USA3 Columbia University USA4 INSEAD France5 University of Michigan Ann Arbor USA6 Carnegie Mellon University USA7 New York University USA8 MIT USA9 University of Chicago USA

10 IE Business School Spain

INNOVATION OF TEACHING METHODOLOGIES

RANK NAME OF INSTITUTION COUNTRY1 Stanford University USA2 Harvard University USA3 University of Pennsylvania USA4 University of Virginia USA5 University of Chicago USA6 National University Singapore Singapore7 University of Michigan Ann Arbor USA8 MIT USA9 McGill University Canada

10 IESE Spain

CAMPUS SUPPORT

THE TEACHING FACULTY AT MY INSTITUTION ARE VERY RECEPTIVE TO DISCUSSIONS, QUESTIONS AND NEW IDEAS

60 per cent of surveyed students said their professors encourage active participation in the classroom, making the teaching sessions more interactive, rather than a one-way monologue. This is a hallmark of quality teaching as the faculty understands and accepts that learning is not limited to just the textbook and the professor and that innovation springs forth from everywhere.

A question that split the students right down the middle, 50 per cent of them said their institute takes good care of them on campus and the other 50 per cent disagreed. What we understand is that those students who wanted assistance approached the support services and came away satisfied. And those who did not require any help did not approach the support service cell and probably responded negatively.

MY INSTITUTION PROVIDES VERY GOOD CAMPUS SUPPORT INCLUDING HOUSING

THE PROGRAMMES TAUGHT IN MY INSTITUTE ARE INNOVATIVE AND INCLUDE COMPANY VISTS

OVERALL, I AM VERY SATISFIED WITH MY UNIVERSITY.

_COVER STORY


40%

10%

30%

20%Strongly

Agree

Agree

Disagree

Strongly Disagree

VALUE FOR MONEY

RANK NAME OF INSTITUTION COUNTRY1 Columbia University USA2 New York University USA3 Harvard University USA4 University of Pennsylvania USA5 Stanford University USA6 Northwestern University USA7 University of Chicago USA8 University of Virginia USA9 London Business School UK

10 INSEAD France

STUDENT SATISFACTION

RANK NAME OF INSTITUTION COUNTRY1 Harvard University USA2 Stanford University USA3 Dartmouth College USA4 IIM Ahmedabad India5 University of Pennsylvania USA6 Columbia University USA7 London Business School UK8 Cornell University USA9 INSEAD France

10 IE Business School Spain

RECRUITER SATISFACTION

RANK NAME OF INSTITUTION COUNTRY1 Columbia University USA2 Cornell University USA3 University of Pennsylvania USA4 Harvard University USA5 Stanford University USA6 University of Chicago USA7 Northwestern University USA8 London Business School UK9 IESE Spain

10 INSEAD France

ALUMNI SATISFACTIONRANK NAME OF INSTITUTION COUNTRY

1 University of Chicago USA2 University of Michigan Ann Arbor USA3 University of Virginia USA4 Northwestern University USA5 Stanford University USA6 Harvard University USA7 MIT USA8 University of California at Berkeley USA9 Dartmouth College USA

10 Duke University USA

EXTRACURRICULAR ACTIVITIES

I FEEL THAT MY EDUCATION AT THE INSTITUTE WAS WORTH THE MONEY I SPENT

60 per cent of B-school alumni said their expensive degree was not worth the money. The conclusion we can draw is that as employees in the real world, these business graduates would have become disappointed with the gap that exists between the idealistic atmosphere of the classroom and the gritty actuality of the real world. This is a clarion call to B-schools to make their curriculum more rooted in reality.

I FEEL THAT MY CURRENT INSTITUTION PROVIDES VALUE FOR THE MONEY I PAY

_COVER STORY


HOW DID WE CHOOSE INSTITUTES?

RANKING METHODOLOGY

We chose 700 institutes across the world after having discussions with students, recruiters and faculty. We also consulted professional organizations such as AMBA, EQUIS and AACSB. Youth Inc’s Research Unit (YRU) also studied domestic rankings in various countries to find the best institutes.

All the institutes were sent identical surveys. We then contacted current students, alumni, as well as local and international recruiters and gathered specific information about the institutes.

_COVER STORY


FACTORS CONSIDEREDRecruiter perception – Identical surveys were sent to

recruiters worldwide. The recruiters were asked to rate the institutes that they were most likely to recruit from. The recruiters were also asked to rate the students they have recruited from specific business schools on several criteria including leadership potential and strategic thinking.

Diversity of students – The institutes were asked to report the

total number of students on campus and what percentage of the students were international and speak two or more languages. Gender diversity of the students was also considered.

Diversity of faculty – The institutes were asked to report

the total number of faculty on campus and what percentage of the faculty was international, hold doctorate degrees and accredited with their own publishing material. Gender diversity of the faculty was also considered.

Programme innovation – We considered the different ways to

construct degree programmes as well as the choice students have in terms of selecting electives.

Innovation in teaching methodologies – Institutes

were asked to select different teaching methodologies that we considered innovative. Some of these included company visits, dual or multiple majors and course collaborations between different departments at the institute. Our list was selected after surveying students across different campuses worldwide.

Value for money – We considered students’ and alumni’s

opinions on whether a particular school was perceived as ‘value for money’. We also asked institutes to state the percentage of students who received some sort of funding from the institutes.

8

INFORMATION REPORTED BY THE SCHOOL

INFORMATION REPORTED

BY CURRENT STUDENTS

INFORMATION REPORTED BY

ALUMNI

Diversity of Students 2% 2% 2%

Diversity of Faculty 2% 2% 2%

Innovation of Programs 2% 2% 2%

Innovation in Teaching

Methodologies2% 2% 2%

Value for Money2% 2% 2%

Campus Support 2% 2% 2%

Career Service 4% 4% 4%

Exchange Programs 2% 2% 2%

Student Satisfaction 2% 2% 2%

20% 20% 20%

Campus support – We asked the institutes, current students

and alumni to select the different types of assistance provided by the student office or a similar body on campus. Our list was selected after surveying students across different campuses worldwide.

Career service – We asked the institutes, current students and

alumni about the availability and functioning of a career service cell and how active such a service was for the students. We also considered what percentage of students were actually placed through the institute’s career

1

2

3

4

6

7

5

We contacted current students, alumni and local and international recruiters to gather specific information about the institutes.


service cell, how long it look for such placements and what the average starting salaries were.

Exchange programmes – Institutes were asked to report

the percentage of students that opted for exchange programmes. We also considered the exchange students present on the institute’s campus.

Student satisfaction – Current students and alumni were asked

to rate their institutes on various factors including career services, attitude of staff and professors, location and course content.

ACTUAL METHODOLOGYWe sent invitations to 700 institutes. Institutes were provided a password using which they could send us their completed survey online. They were asked to answer questions relating to full-time faculty, career services, student and programme information and all the factors listed above.

We contacted current students and alumni of the institutes and

9

10

INFORMATION REPORTED BY RECRUITERS

Recall of institute where to recruit from 10%Likelihood of recruiting from same institute again 10%

Overall satisfaction with students recruited 10%Satisfaction with institute career cell 10%

40%

asked them to rate specific statements which were pertaining to the factors we considered in this ranking. Many institutes preferred to send the survey links to their students and alumni directly.

Over 8000 recruiters were sent emails with a survey. The recruiter list was prepared from the responses of the institutes and also included internationally well known recruiters. The recruiters were asked to enlist institutes that they were likely to recruit from.

Each factor was made up of a set of questions. The total percentage attributed to that factor was based on the average score of the responses multiplied by the assigned weightage. We then totalled the score from all factors and sorted the scores from highest to lowest. The school(s) with the highest score was ranked first.

NOT JUST NUMBERS!After we received the total

computed scores for the institutes, we subjectively analysed the data provided by the institutes, current students,

alumni and recruiters. If we found discrepancies in the satisfaction scores and the subjective descriptions, we omitted the data.

INSTITUTES THAT DID NOT FILL OUT THE SURVEY REPORTS IN TIMEOut of 700 institutes that were contacted, 120 institutes did not complete the survey on time or did not respond. We used publicly available information on the institutes to include them in our ranking. We also contacted current students, alumni and recruiters of these institutes and compared the data we received with the data from institutes that did participate.

SPECIAL NOTESMasters in Finance – The programs include the pre-experience as well as the post-experience Masters programmes. The ranking also includes the programmes which are recently established.Masters in Management – Certain Masters in Management programmes with specialisations are also included in the ranking.Masters in Marketing – Combination courses of marketing with communication and other fields are also included in the ranking.Online MBA – Certain factors such as campus support and exchange programmes were omitted in the factors considered for the ranking. yi

20%

20%

40%20%

Information reported by recruiters

Information reported by current students

Information reported by alumni

Information reported by the school

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