Tuesday, February 4, 2020

Financial Times Ranks Harvard as #1 in 2020 Global MBA Ranking

Financial Times 2020 Global MBA Rankings

Financial Times 2020 Global MBA Rankings

Harvard Business School has taken the top spot away from Stanford Graduate School of Business in the Financial Times 2020 global MBA ranking. 

Although the Financial Times ranking is designed to favor non-U.S. programs, 15 of the top 25 MBA programs are based in the U.S. This result comes despite the decline in applications to U.S. MBA programs – now in its sixth straight year.

The 2020 top 5 schools have not changed since last year, although their rankings have. Following Harvard are: #2 – University of Pennsylvania’s Wharton School (up 2 spots); #3 – Stanford Graduate School of Business (down 2 spots); #4 – INSEAD (down 1 spot); and #5 CEIBs in Shanghai, China (unchanged). 

Volatile rankings

Financial Times global ranking methodology is based on 20 different metrics, including some that are inclined to favor non-U.S. schools. Some metrics that add to a school’s position include the percentage of students, faculty, and trustees who possess passports from a country where the school is not located, whether students and alumni worked in foreign countries, whether students had international class experience, and whether the school has a requirement to learn an additional language before graduation. 

Click here to find out if you are misusing the business school rankings

A new metric was added this year – Corporate Social Responsibility. This metric has a weight of 3%, and is based on the percentage of teaching hours from core courses devoted to CSR, ethics, social, and environmental issues.  

The FT’s most heavily weighted metric is salary data (40%). its use of “purchasing power parity”, or PPP  favor schools whose grads go to work in countries with lower cost of living. This hurts U.S. schools since most grads of U.S. MBA programs want to live and work in the U.S. 

The ranking does not take incoming student quality into account. GMAT and GRE scores, as well as undergraduate GPA’s, are ignored. 

<< Watch: Linda Abraham and Marco De Novellis of BusinessBecause discuss the value of MBA rankings >>

FT’s ranking is known to be volatile, which reduces its credibility because there are few year-to-year changes at schools that explain big changes in the rankings. This means that there were big winners and big losers again this year. 

Twenty-seven of the 91 returning b-schools had double-digit increases or decreases in their standings. Fully half of the MBA programs ranked by FT five years ago (39 of 78) have felt double-digit changes, and 23 of those changes have been adjustments in 20 or more spots.

Top 25 International MBA Programs

2020 Rank School 2019 Rank Y-O-Y Change
1 Harvard 2 +1
2 UPenn Wharton 4 +2
3 Stanford GSB 1 -2
4 INSEAD 3 -1
5 CEIBS 5 ---
6 MIT Sloan 8 +2
7 London 6 -1
8 Columbia 9 +1
9 HEC Paris 19 +10
10 Chicago Booth 7 -3
11 Northwestern Kellogg 14 +3
12 UC-Berkeley Haas 10 -2
13 IESE 12 -1
14 Yale SOM 11 -3
15 Nat’l Univ. of Singapore 17 +2
16 Dartmouth Tuck 15 -1
17 Duke Fuqua 19 +3
18 Virginia Darden 23 +5
19 Cambridge Judge 16 -3
19 Hong Kong UST 18 -1
21 Oxford Said 13 -8
22 New York Stern 25 +3
23 Cornell Johnson 27 +4
24 ESADE 21 -3
25 IMD 22 -3
25 UCLA Anderson 26 +1

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