November 28, 2022

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FT Executive MBA Ranking 2021: methodology and key

This is the 21st edition of the FT’s annual rating of the world’s best 100 government MBA programmes for senior doing work managers.

Participation in the rating is voluntary and at the enterprise school’s ask for. EMBA programmes need to meet sure criteria to be qualified. Initially the faculty need to be accredited by possibly the US’s Association to Progress Collegiate Faculties of Company or Europe’s Equis. The EMBA need to be cohort-dependent, with college students enrolling and graduating jointly, and with at minimum 30 graduates every single 12 months.

A whole of 136 programmes took portion in the 2021 rating system, including fourteen joint programmes sent by far more than one faculty. Two new schools feature in our desk — Moscow’s Skolkovo at 58 and Zhejiang at 65.

Details for the rating are gathered using two on line surveys, the first done by taking part schools and the second by alumni who done programmes in 2018. For a faculty to be qualified for the rankings, at minimum 20 for every cent of its alumni need to respond to the FT study, with a minimum of 20 responses. Owing to the Covid-19 disaster, this 12 months, the FT deemed schools with a lessen reaction price. About 4,770 alumni done the study — an overall reaction price of about forty seven for every cent.

FT Executive MBA rating 2021 — best 100

Miami Herbert Company School

Uncover out which schools are in our rating of EMBA degrees.

Alumni responses inform five rating criteria: income right now, income boost, occupation progress, operate encounter and aims reached. Collectively they account for 55 for every cent of the ranking’s weight. The first two criteria about alumni salaries every single rely for 20 for every cent.

Salaries of non-profit and general public sector personnel, as nicely as entire-time college students, are eliminated. Remaining salaries are converted to US pounds using the most current paying for power parity (PPP) rates provided by the Worldwide Financial Fund. The greatest and lowest salaries are then eliminated and the suggest average “current salary” is calculated for every single faculty. Income boost is calculated in accordance to the variation in average income prior to the EMBA to three years right after completion. Half of the rating weight is applied to the complete boost and the other 50 % to the percentage boost relative to pre-EMBA spend.

When readily available, alumni criteria are informed by the previous three surveys. Responses from the 2021 study carry 50 for every cent of the whole weight and those from 2020 and 2019 every single account for twenty five for every cent. Excluding income-connected criteria, if only two years of information are readily available, the weighting is break up sixty:forty if information are from 2021 and 2020, or 70:30 if from 2021 and 2019. For income figures, the weighting is 50:50 for two years’ information, to stay clear of inflation-connected distortions.

Info presented by the enterprise schools informs 10 criteria that collectively account for 35 for every cent of the final rating. The ESG class is dependent on the proportion of core classes devoted to environmental, social and governance concerns. It carries a weight of three for every cent.

The weight of the school and pupil gender range is 4 for every cent every single. For these gender range criteria, schools with a 50:50 (male: female) composition get the greatest rating.

The international range calculation is dependent on the overall percentage of college students and school from abroad as nicely as the unfold of these people by citizenship dependent on the Herfindahl index, a evaluate of concentration.

The final criterion, the FT analysis rank, accounts for 10 for every cent of the rating. It is calculated in accordance to the quantity of articles or blog posts revealed by schools’ entire-time school in 50 internationally recognised educational and practitioner journals. The rank brings together the complete quantity of publications from January 2018 and about May possibly 2021 with the quantity of publications weighted relative to the faculty’s dimension.

The FT rankings are relative. Faculties are ranked versus every single other somewhat than versus set requirements. The FT calculates the Z-scores for every single criterion. (Z-scores demonstrate how significantly a school’s information is from the suggest and are unitless, so they let the rating to be dependent on quite various criteria — income, percentages and details.) These scores are then weighted as outlined in the rating crucial and added jointly for a final rating.

Right after eradicating the schools that did not meet the minimum reaction price from their alumni, a first version is calculated using all remaining schools. The faculty at the base is eliminated and a second version is calculated. This action is repeated to discover the best 100.

Judith Pizer of Pizer-MacMillan acted as the FT’s database guide.

The FT analysis rank was calculated using Clarivate information masking 50 journals picked by FT from the Website of Science, an abstract and quotation database of analysis literature.

Weights for rating criteria are proven in brackets as a percentage.

Income right now US$ (20): average alumnus income three years right after completion, US$ PPP equivalent.†

Income boost (20): average variation in alumni salaries concerning prior to the EMBA and now. Half of this figure is calculated in accordance to the complete income boost, and 50 % in accordance to the percentage boost relative to the pre-EMBA income – the figure revealed in the desk. †

Occupations progress (five): calculated in accordance to improvements in the amount of seniority and the dimension of corporation alumni operate in now, compared to prior to their EMBA.†

Operate encounter (five): a evaluate of the pre-EMBA encounter of alumni in accordance to the seniority of positions held, quantity of years in every single place, organisation dimension and overseas operate encounter.†

Aims reached (five): the extent to which alumni fulfilled their aims or explanations for doing an EMBA.†

Woman school (4): percentage of female school. ††

Woman college students (4): percentage of female college students on the programme. ††

Females on board (one): percentage of female members of the advisory board. ††

Worldwide school (five): calculated in accordance to the range of school by citizenship and the percentage whose citizenship differs from their site of work – the revealed figure.

Worldwide college students (five): the percentage of recent EMBA college students whose citizenship differs from the site in which they examine, or in which the school’s major campus is found, as nicely as their range by citizenship.

Worldwide board (two): percentage of the board whose citizenship differs from the site in which the enterprise faculty is situated.

Worldwide program encounter (five): percentage of classroom teaching hrs that had been executed outdoors the site in which the enterprise faculty is situated for the completing EMBA courses from 2018 to 2021 if readily available. An average calculation was taken from the 2021 study, if information had been readily available for expected overseas teaching sessions, plus the previous two years’ international program encounter information (from the 2020 and 2019 surveys). Virtual experiences had been not integrated. Owing to vacation restrictions induced by the pandemic, some schools had been unable to present modern information for this class. If you are a prospective pupil, remember to call the faculty to check out if they are equipped to offer courses overseas. †

Further languages (one): the quantity of languages expected on graduation, excluding English. * Programme not thoroughly readily available in English.

College with doctorates (five): percentage of entire-time school with a doctoral degree.

FT analysis rank (10): calculated in accordance to the quantity of articles or blog posts revealed by a school’s recent entire-time school members in 50 educational and practitioner journals concerning January 2018 and about May possibly 2021. The rank brings together the complete quantity of publications with the quantity weighted relative to the faculty’s dimension.

Environmental, social and governance (ESG) rank (three): proportion of core classes devoted to ethical, social and environmental concerns for the recent and modern completing course. Owing to the pandemic, some schools do not have a recent course, therefore information was taken from their modern completing course only.

Over-all fulfillment: average evaluation by alumni of the program, scored out of 10. Right after alumni answered various concerns about their EMBA encounter, they had been asked to price their overall fulfillment, on a 10-point scale.

FT rating tier: schools are divided into 4 groups. Faculties at the best are in tier one and those at the stop are in tier 4.

† Consists of information for the recent 12 months and the one or two preceding years in which readily available.

†† For the three gender-connected criteria, schools that have 50:50 (male:female) composition get the greatest attainable rating.