FT Global MBA ranking 2021: methodology and key

This Fiscal Instances MBA ranking capabilities the world’s best 100 entire-time MBA programmes. A complete of 143 faculties took aspect in the 2021 edition. All taking part faculties fulfill the FT’s entry requirements, including being accredited by Equis or the AACSB. 

The FT surveys alumni a few several years following completing their MBA. For faculties to enter the ranking calculations, the FT needs that a bare minimum of 20 for each cent of alumni reply to the study, with at least 20 totally completed surveys. This year only, because of disruption from the Covid-19 crisis, the FT regarded faculties with a lessen response amount. About six,570 from the class of 2017 completed our study — a response amount of forty four for each cent. 

The ranking has 20 unique requirements. Alumni responses tell 8 requirements that with each other add sixty one for each cent of its pounds. Eleven requirements are calculated from school facts, accounting for 29 for each cent of the ranking. KPMG audits a number of faculties every year. The remaining criterion, the research rank, counts for ten for each cent. 

Alumni-informed requirements are based mostly on the facts collected in excess of a few several years. Responses from the 2021 study carry 50 for each cent of complete pounds and those people from 2020 and 2019, twenty five for each cent just about every. If only two several years of facts are out there, the weighting is split 60:forty if facts are from 2021 and 2020, or 70:30 if they are from 2021 and 2019. For wage figures, the weighting is 50:50 for two years’ facts. 

The to start with two alumni requirements are normal income a few several years following graduation and wage raise in comparison with pre-MBA wage, equally weighted at 20 for each cent. For the latter, 50 percent of the pounds applies to the complete raise and 50 percent to the share increase (printed). Present salaries are converted to US pounds using November 2020 IMF getting electric power parity fees. 

The salaries of non-gain and general public sector workers and entire-time learners are taken out, as are the optimum and lowest salaries from just about every school, to work out a normalised normal. Last but not least, salaries are weighted to replicate distinctions in between unique sectors. 

“Value for money” for just about every school is calculated by dividing their normal alumni wage a few several years following graduation by their MBA’s complete price tag, including tuition, dropped wage, possibility price tag and other bills. Any monetary assistance offered to alumni is subtracted from the complete. 

The FT also collects details from faculties on their current school, newly enrolled learners and the newest graduating class. School requirements include the range of workers, board customers and learners by gender, nationality and the MBA’s worldwide access. For gender requirements, faculties with a 50:50 composition rating optimum. 

The research rank is based mostly on the number of articles or blog posts by entire-time school in 50 internationally recognised educational and practitioner journals. The rank combines the number of publications from January 2018 to August 2020, with the number weighted relative to school dimension. 

The corporate social obligation rank is based mostly on the proportion of teaching several hours from main programs committed to CSR, ethics, social and environmental issues. It carries a pounds of a few for each cent. 

The FT World wide MBA ranking is a relative listing. Educational facilities are ranked versus just about every other by calculating a Z-rating for just about every criterion. The Z-rating is a statistic that displays exactly where a rating lies in relation to the indicate. These scores are then weighted as outlined in the ranking key and extra with each other for a remaining rating. 

Just after taking away faculties that did not fulfill the response amount threshold from the alumni study, a to start with variation is calculated using all remaining faculties. The school at the base is taken out and a 2nd variation is calculated and so on till we access the top 100. The top 100 faculties are ranked appropriately to create the 2020 record.

Some faculties that took aspect in the ranking formerly ended up unable to participate this time owing to difficulties from the pandemic. 

Judith Pizer of Pizer-MacMillan acted as the FT’s databases specialist.

Fiscal Instances MBA 2021 key
Weights for ranking requirements are revealed in brackets as a share of the in general ranking. 

Salary today **: normal alumnus wage a few several years following completion, US$ PPP equivalent. This figure is not used in the ranking. # 

Weighted wage (20): normal alumnus wage a few several years following completion, US$ PPP equivalent, with adjustment for variants in between sectors. #

Salary raise (20): normal distinction in alumni wage from ahead of the MBA to now. 50 % of this figure is calculated according to the complete wage raise and 50 percent according to the share raise relative to pre-MBA wage. # 

Benefit for dollars (3): calculated using wage today, study course duration, tuition and other costs, including dropped income throughout the MBA. # 

Vocation progress (3): calculated according to adjustments in the amount of seniority and the dimension of firm alumni work in now, in comparison with ahead of their MBA. # 

Aims accomplished (3): the extent to which alumni fulfilled their said targets or motives for performing an MBA. # 

Occupations provider (3): usefulness of the school occupations provider for profession counselling, private improvement, networking occasions, internship search and recruitment, as rated by their alumni. # 

Employed at a few months (two): share of the most the latest graduating class which had discovered employment or approved a task present inside of a few months of completing their research. The figure in brackets is the share of the class for which the school was capable to present employment facts and is used to work out the school’s remaining rating in this classification. § 

Alumni advocate (3): calculated according to variety by alumni of a few faculties from which they would recruit MBA graduates. # 

Female school (two): share of female school. 

Female learners (two): share of female learners on the entire-time MBA. 

Ladies on board (one): share of female customers on the school’s advisory board. 

Global school (four): calculated according to the range of school by citizenship and the share whose nationality differs from their nation of employment — the figure printed in the desk. ‡ 

Global learners (four): calculated according to the range of current MBA learners by citizenship and the share whose nationality differs from the nation in which they review — the figure in the desk. ‡ 

Global board (two): share of the board whose citizenship differs from the nation in which the school is based mostly. 

Global mobility (six): based mostly on alumni citizenship and the international locations exactly where they labored ahead of their MBA, on graduation and a few several years following. 

Global study course encounter (3): calculated according to whether or not the most the latest graduating MBA class completed exchanges and firm internships, lasting at least a thirty day period, in international locations other than exactly where the school is based mostly. For 2021, the calculation was based mostly on the normal throughout the past two or a few several years of worldwide study course encounter facts, if out there. For faculties that have taken aspect for the to start with time this year, only facts from the 2021 study ended up used.

More languages (one): number of languages needed on graduation, excluding English. § 

College with doctorates (5): share of entire-time school with a doctoral diploma. 

FT research rank (ten): calculated according to the number of articles or blog posts printed by current entire-time school customers in 50 selected educational and practitioner journals in between January 2018 and July 2020. The FT50 rank combines the complete number of publications with the number weighted relative to the faculty’s dimension. 

Corporate social obligation (3): proportion of teaching several hours from main programs committed to CSR, ethics, social and environmental issues. 

Over-all fulfillment **: normal analysis by alumni of the study course, scored out of ten. Just after alumni answered many concerns about their MBA encounter, they ended up asked to amount their in general fulfillment, on a ten-place scale. This figure is not used in the ranking. 

Footnotes
Educational facilities with a 50:50 (male/female) composition receive the optimum doable rating in the a few gender-relevant requirements. 

§ Alumni who completed MBA in between July 2019 and June 2020. 

# Consists of facts for the class of 2017 and a person or two previous courses exactly where out there. 

‡ Although we recognise the distinction in between Chinese and Taiwanese scholars and learners, inside of China no such distinction may well have been noticed when recording range. 

** Group not used in the ranking. 

The FT research rank was calculated using Clarivate Analytics facts from the World-wide-web of Science, an abstract and quotation databases of research literature.