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In 2024, Wharton has reclaimed its position as the premier provider of MBAs worldwide, according to the latest rankings.
The prestigious US institution, located at the University of Pennsylvania, secured the top spot in the evaluation, considering factors such as cost-effectiveness, achievement of alumni study goals, diversity in terms of gender and international representation, academic research quality, environmental policies, as well as salary and salary growth. It is important to note that schools participate in this ranking voluntarily.
Following Wharton, the rankings placed Insead in France in second place, followed by Columbia in New York, SDA Bocconi in Milan, and Iese in Barcelona.
Post-MBA, graduates are facing increased challenges in the job market. In alignment with recent workforce reductions, particularly in the banking and technology sectors amidst broader global economic uncertainties, the post-MBA employment rate within three months of graduation across the ranked institutions dropped to an average of 89%, down from 93% in the previous year.
This decline coincides with a stagnant demand for business degrees over the past year. The 2023 survey by the Graduate Management Admission Council revealed a 5% decrease in MBA applications, with a shift away from traditional full-time, on-site programs towards [
].
Global MBA Ranking 2024
For further details, including insights and analysis, explore the complete rankings and reports. Additionally, discover how we can assist you in your academic journey. Spotlight on the MBA webinar is scheduled for February 21.
The Wharton School, under the leadership of Dean Erika James, excelled in the research category, ranking first based on recent faculty publications in prominent academic and professional journals, followed by [
], and others.
Wharton’s alumni reported the third-highest average salaries at \(245,772, adjusted for various sectors and international purchasing power parity, three years post-graduation. alumni boasted the highest average income at \)250,650, closely followed by Harvard graduates at \(246,509, while Columbia alumni averaged \)232,760.
Among the top 20 business schools with the highest alumni salaries, only four were located outside the US, with [] leading the pack. The remaining institutions included Milan’s , and .
Stanford University in California ranked highest in alumni assessments of achieving their MBA goals, followed by [] and [].
For “value for money,” calculated by comparing the average alumni salary three years post-graduation to the total cost of the MBA program, including tuition and other expenses, the [] emerged on top.
Several US schools received top ratings from former students for the quality of their alumni networks, with Stanford leading the pack, followed by Dartmouth, [], and [].
Career services at [] were deemed the best by former students, followed by [], [, and [].
The most significant salary increases from pre-MBA to three years post-MBA were reported at [] and two Chinese institutions: Fudan University and Shanghai University of Finance and Economics: College of Business.
The Indian Institute of Management in Ahmedabad ranked highest for career advancement, followed by Stanford and Fudan University.
SDA Bocconi School of Management excelled in conducting a public audit of carbon emissions in its operations and setting net-zero emissions targets, followed by [], [], [], and [.
Despite efforts to increase diversity, MBA classes still predominantly consist of male students, with an average of 41% female representation across the top 100 schools. Notably, only Wharton, [], and [] achieved gender parity, while 10 schools enrolled more women than men.
The most diverse range of pre-MBA employment sectors was observed at ESCP Business School in France, followed by Esade in the UK and [] in Utah.
The Indian Institute of Management Calcutta was recognized for the high participation of its recent graduating class in international exchanges and internships lasting at least a month, followed by HEC Paris, ESCP, and [].
To gain valuable insights into the rankings and business education, register for the Spotlight on the MBA, a free online event on Wednesday, February 21. This webinar, presented in collaboration with renowned business schools, will feature academics, admissions experts, and FT journalists.