February 3, 2023Read More
The Financial Times (FT) published the 2022 Global MBA rankings on February 13th. Wharton was 1st and 7 US schools placed in the top 10, showing the strong demand for the degree even with the challenges of the pandemic. The FT rankings are sourced by data provided from participating schools and alumni, with the most significant weightings given to salary and salary increase three years after completion of the management degree. Other ranking factors include academic research output, and student and faculty diversity measured by gender mix and citizenship. Due to the significant weighting of salary, Wharton came in 1st with the highest average salary of any school on the list at $237,530. The average salary from the top 100 schools came in at $161,000.
Here is a snapshot of the top 10 Global MBA programs:
- University of Pennsylvania: Wharton
- Columbia Business School
- Harvard Business School
- Northwestern University: Kellogg School of Management
- Stanford Graduate School of Business
- University of Chicago: Booth
- London Business School
- Yale School of Management
- IESE Business School
Other notable schools were University of Florida’s Warrington, which ranked top value for money based on calculating current income after accounting for tuition costs and earnings forgone during study. IE business school in Spain came closest to gender parity among faculty with 49% women faculty. In nine schools, women comprised more than half of the students, led by Tongji University School of Economics and Management and Fudan University School of Management in China.
Full time enrollment rebounded well from the pandemic and the overall intake of enrolled students in 2021 surpassed 2019 numbers after a dip in 2020. An additional metric showing the positive outlook of MBA programs was a survey by the Graduate Management Admission Council that resulted in 37% of recruiters expecting MBA hiring to increase over the next five years, compared with 30% from respondents in 2020.