Transcript
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QS Global 200Business Schools Repor
2013/2014
Nunzio Quacquarelli, MA Cambridge, MBA Wharton
Danny Byrne, BA Oxford, MA University College London
Unlocking the worlds top 200 business schools according to MBA employer
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The QS Global 200 Business Schools Report originated in the
early 1990s as an alternative to business school rankings.
The ratings provide a detailed overview of the most popular
business schools around the world, based on details provided to
QS by over 4,318 employers who actively recruit MBA graduates.Without inferring any overall rankings, QS objective is to
provide a resource to help prospective MBA students identify
the business schools from which employers most actively
recruit. The research is intended to be of use to MBA employers,
prospective MBA students and institutions worldwide that are
interested in international business education and recruitment
trends.
At the heart of the report is the definitive list of 200 business schools
from which employers prefer to recruit MBAs. This list is compiled
from an annual survey of human resources (HR) managers and line
managers with recruiting responsibilities at companies around the
world. Each year, employers recommend new schools to be added to
the list. This is then sent to other recruiters to rate.
Introduction
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QS Global 200 Business SchoolsReport 2013/14
Fast Facts
1.0
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Five schools received the maximum score for employer recognition, identifying
them as the leading schools in their region: Harvard and Stanford (North
America), INSEAD - France and London Business School (Europe), and INSEAD
Singapore (Asia-Pacific).
Report highlights four distinct categories of business school in terms of
employer recognition: Elite Global; Emerging Global; Elite Regional; EmergingRegional
Of the 33 leading institutions to make the Elite Global category, 12 are from the
US. The other nations with Elite Global business schools are Canada (6), UK (3),
Spain (3), Switzerland (2), France (2), Denmark (1), India (1), Ireland (1), Italy (1)
and Singapore (1).
Australia has no Elite Global business schools, despite having the third-
highest number of global top-100 universities in the QS World University
Rankings. The UK has just three, despite having four of the top ten universitiesin the world
MBAs from Elite Global schools in North America earn more than those from
any other region. Salary+bonus packages average US$123,239, slightly more
than the European figure of US$122,983
The school with the highest average graduate salary is Switzerlands IMD
(US$159,912), ahead of the USs Stanford Graduate School of Business
(US$156,265)
Schools ranked for employer reputation in ten subject specializations. Harvard
tops the table in five subjects, with five other schools top in one subject each:
INSEAD, Kellogg, MIT Sloan, Stanford and Wharton
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Two Asian schools make the Elite Global category: INSEAD Singapore and Indian
Institute of Management, Ahmedabad
Still no Elite Global schools in either Africa & Middle East or Latin America
The top schools in Africa & Middle East for employer reputation are South
Africas University of Cape Town Graduate School of Business and University of
Witwatersrand, and American University of Sharjah
Top Latin American schools are EGADE-Tecnologico de Monterrey, Campus
Monterrey, Pontificia Universidad Catlica de Chile, and Business School Sao
Paulo
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QS Global 200 Business SchoolsReport 2013/14
Business school
categories
2.0
This years report divides the worlds top 200 business
schools into four categories, based on their level of
international employer recognition.
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Elite global
Elite Global business schools form an established cadre of
the worlds very best business institutions. They are targeted
by a wide range of employers, both domestically, regionallyand globally. Highly international, they typically admit only
experienced candidates with superior GMAT scores and all-
round credentials. Their name will transform the resume of
any candidate. MBAs will in many cases go on to be influential
business leaders, and can expect to earn top salaries upon
graduation.
Emerging Global
Emerging Global business schools have an established reputation
for excellence among employers that stretches well beyond
their region. They attract high-quality candidates from all over
the world, and graduates can expect to earn highly competitive
salaries. Though in many cases they are newer and not as firmly
established as the brand name institutions that make up the
Elite Global cluster, these institutions will in many cases aspire to
break into the Elite Global group in years to come.
Elite Regional
Elite Regional institutions are well regarded by employers within
their region, and may have started to develop a reputation further
afield. Admitted students typically have strong credentials,
though they may be slightly less experienced on average than
those at Elite Global or Emerging Global institutions. Elite
Regional institutions are often younger institutions that, having
established an excellent reputation among employers within theirregion, will be looking to establish their brand as one with a truly
global reach.
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Emerging Regional
Emerging Regional institutions have established a solid reputation
among employers within their own country. They will appeal to
candidates with fewer years of professional experience, and graduatesalaries are on average more modest than those at Elite Regional
institutions. Having established a good reputation among domestic
employers, they will now be looking to increase their visibility among
international employers and students.
In addition to these global groupings, the research provides ratings of
the most popular business schools according to two definitive categories:
Regional ratings:
Africa and the Middle East
Asia-Pacific
Europe
Latin America
North America
MBA specialization* ratings:
Corporate social responsibility (CSR)
Entrepreneurship Finance
Information management
Innovation
International management
Leadership
Marketing
Operations management
Strategy
*MBA specialization refers to a business schools perceived area of expertise
among MBA employers. Throughout the report the above 10 areas of expertise
are referred to as MBA specializations.
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Regional MBA ratings
Management education is globalizing. The past
decade has seen an increase of accredited business
schools open in emerging markets such as in the
BRIC countries (Brazil, Russia, India, and China).
While business schools in the US and Europe remain
the most popular study destinations among MBA
students, schools elsewhere in the world such as
those in Asia-Pacific are growing in popularity. The
proliferation of accredited programs around the
globe has led to a wider choice for MBA applicants
over the past few years. Recent trends indicate thatthere is greater onus on choosing the right country
as well as the right business school. According to
the TopMBA.com Applicant Survey 2013, over 50%
of MBA students are choosing schools based on the
country in which they wish to work.
Furthermore, international MBA recruiting is no
longer the domain of a few prestigious US and
European companies. A growing number of HR
managers in the Asia-Pacific region, Latin America,
and the Middle East are informed about MBA
education. Managers in these regions have been
asked to share their views on the schools they would
prioritize for MBA hiring.
There is a greater focus on regional MBA trends
and in order to provide data to help students and
recruiters choose which schools to apply to and
recruit from, QS has categorized its business school
ratings by region.
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MBA specialization ratings
According to the QS TopMBA Applicant Survey,
school specializations are the eighth most
important criterion for school selection. According
to the survey, which is the largest of its kind, school
specializations are more important to applicants
than MBA rankings, convenience of location, or
recommendations from peers, colleagues and even
employers.
The MBA curriculum is changing to respond to
this in the offering of MBA specializations. For
professionals who want to further their careers in
the field that they are already working in, an MBA
with a specialist focus would be a viable option.
In developing ratings on MBA specializations, QS
aim is to provide a useful resource for prospective
students and employers alike to help aid decisions
over which schools to apply to, or which to
recruit from. MBA programs that do not offer
specializations can still produce graduates that
excel in specialist fields.
The results of the QS Global 200 Business Schools
Report are based on MBA recruiters opinions and
as such, employers also voted on general MBA
programs that provide training and education
in any one of 10 specialist fields, as well as
programs that specialize in a particular field.
There is now greater diversity in the many MBA
specializations on offer, but QS rates the 10 core
MBA specializations.
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The objective of the QS Global 200
Business Schools Report is to providean indication of the employability of
an MBA upon graduation. As such, QS
believes a ratings system as opposed
to the traditional business school
rankings provides a reliable measure of
the employability outcome of an MBA
program.
Traditional rankings assess on average15 to 20 criteria in order to provide
an overarching indication of student
satisfaction. These vary but are mostly
based on general aspects: academic
peer review, citations per faculty,
faculty-student ratio, and international
students, for example.
The QS Global 200 Business Schools
Report only measures one indicator
the employability outcome of an MBA
program by region and specialization.
Focusing solely on employers views
provide a reliable insight as to which
business schools produce MBA
graduates and alumni that are favored
by recruiters. This is derived from
employers votes as to which schoolsthey prefer to recruit MBA graduates.
Employers and HR decision makers
worldwide are at the forefront ofwitnessing the worth of an MBA.
QS believes that they are in the best
position to judge the value of a business
schools graduates, and have among the
most objective and informed opinions
as to which are the best business
schools. When an HR department selects
a business school to recruit MBAs
from, the decision will often be the
result of an intensive research exercise:
evaluating the strength of faculty, the
facilities and the relevance of the course
to the employee and the companys
needs.
Similarly, when HR managers choose
which business schools to recruit from,
they will draw from a wide range ofinformation sources. They assess the
quality and efficiency of the schools
career services and the reputation of the
school, for example. HR decision makers
look beyond rankings and examine the
facilities, the course content and the
quality of students. Year-on-year, this
survey reveals remarkable consistency
in school selection. Allegiance to
particular schools is not gained or lost
by one good or bad student but by a
sustained experience over several years.
Global employability: business school rankings or ratings?
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Methodology
The QS Global 200 Business Schools Report survey (hereafter referred
to as the survey) captures the preferred set of business schools each
responding employer wishes to recruit from, either now, in the recent
past or in the near future.
QS asks international employers to select the schools they consider for
hiring MBA graduates from. Employers that focus on domestic hiring
are not included in the survey. However, QS recognizes that many
excellent schools that cater predominantly for their local recruitment
market may therefore not appear in the tables.
We include only business schools offering full-time MBA programsand as such well-known business schools like ESCP Europe and HEC
Lausanne (which only offer executive MBA, part-time MBA and/or
masters programs) are excluded.
In order to produce the QS Global 200 Business Schools Report, QS
focuses on experienced HR and line managers at organizations that
actively recruit MBAs. Respondents from each company are asked
a series of questions about MBA recruiting in the previous and the
forthcoming year.
Employer responses to these questions provide information on the
following:
MBA recruitment trends
MBA salaries and compensation trends
Global business school ratings by region
Global business school ratings by specialization
Each employer is asked to list, unprompted, the international schools
from which they have recently attempted to recruit MBAs. Each time
a school is selected by an employer, it receives one vote and the total
number of votes is referred to as the total unprompted votes.
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From a list of 500 business schools that have been categorized
by region, employers are then asked to identify the schools they
regard as attractive for the purpose of hiring MBA graduates.
In order to be included in the survey, a school must have
been recommended by an employer in the previous year of
the research. Each time a school is voted, it is given one vote,
referred to as the total prompted votes.
The prompted and unprompted votes are added together to
create the total employer votes. In order to ensure balanced
results that are not subject to influence from the economic
cycle, an average of the total employer votes is taken from the
current years research and the previous two years research.
The best performing school(s) are given an index score of 100
and the average total employer votes is indexed against the
best performing school(s). This indexing does not affect the
relative positions of schools in any given year. This score is
known as the schools index of employer votes.
This research does not intend to infer an overall ranking of
schools. The tables list schools in clusters, categorized by
region and specialization. The relative employer position of
schools is displayed based on their employer score in that year
and a rating within the region or specialization.
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Rating the business schools
The table below provides a summary of the number of business schools in each region which
make up the list of the QS Global 200 Business Schools Report. Schools that achieved an
index of employer votes of over 11 are included in the definitive list of 200 business schools.
Schools are presented in clusters, which provide distinction in terms of recognition among
employers. The relative positions within the clusters are not considered significant by the
authors of this report.
Number of schools
Featured By Region
Top Cluster: Index of
Employer Votes >=65
2nd Cluster: Index of
Employer Votes >=23
3rd Cluster: Index of
Employer Votes >= 14
4th Cluster: Index of
Employer Votes >= 11
North America 18 27 20 22
Europe 13 20 12 10
Asia-Pacic 2 11 9 11
Latin America 8 1 1
Africa & Middle-East 4 1
Source: QS Global Business Report 2012-2013 (TopMBA.com)
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Sample
The survey was conducted between March and July 2013 and represents one of
the largest exercises QS has undertaken in terms of geographic scope and level of
detail.
The total 28,000 employer responses counted in 2013 included 4,318 who were
actively recruiting MBAs. All employers who responded to the survey are
guaranteed confidentiality for the components of their individual responses, except
for any open-ended feedback they have chosen to provide on the value of an MBA or
concerns with MBA hires.
* Comparative figures for the previous year are shown in brackets.
The following table gives a snapshot of some of the organizations that took part
in the survey across the world. A more comprehensive list can be found in the
appendix at the end of this document.
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Sample of responding employers by region in 2013
Consulting Finance Industry Technology
Asia-Pacic Accenture AIG Investments 3M BenQ
KPMG Daewoo Securities AkzoNobel GE
Towers Watson Goldman Sachs TATA LG
Africa & Middle
East
Booz & Company American Express Abdul Latif Jameel
(Toyota)
ACS
Deloitte Consulting Investec Bank Ltd Delta Group Microsoft
IBM Johannesburg Stock
Exchange
Aramco SAP
Europe BCG Citibank BAE Systems Alcatel-Lucent
A.T. Kearney Barclays Carl Zeiss AG Cognizant
Frost & Sullivan Credit Suisse E.ON Google
Latin America London Consulting Group BBVA Adidas Accenture
Signium Santander Bayer Hewlett Packard
TATA Consultancy Services J.P. Morgan Coca-Cola Telefonica
US & Canada Bain & Company BlackRock Comcast IBM
Capgemini Morgan Stanley Ford Intel Corporation
Navigant Prudential Johnson & Johnson Cisco
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0 100 200 300 400 500
Industry distribution of employers
The chart below shows the spread of employers across 20 industries. This reflects
the global spread of industries that hire MBAs. The consulting and professional
services sector are the largest respondents in 2011, reflecting the surge in MBA
demand within this sector. Banking and financial services are the second largest
responding sector, followed by HR/recruitment services. Manufacturing, IT, FMCG
and energy are also well represented in the sample.
Recruitment / HR servicesRetail
Telecoms
Transportation / Distribution
Travel / Leisure / Hospitality
Utilities
Public Sector / Govt. / Non-profit
Pharmaceuticals / Biotech & Healthcare
Other
Metals / Mining
Media / Entertainment & Arts
Manufacturing / Engineering
Law
IT / Computer Services
FMCG
Financial Services / Banking
Energy
Electronics / High Technology
Consulting / Professional Services
Construction / Property
Aerospace / Defence
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Aerospace / Defence 21
Construction / Property 138
Consulting / Professional Services 567
Electronics / High Technology 129
Energy 143
Financial Services / Banking 379
FMCG 203
IT / Computer Services 281
Law 21
Manufacturing / Engineering 329
Media / Entertainment & Arts 58
Metals / Mining 104
Other 578
Pharmaceuticals / Biotech & Healthcare 157
Public Sector / Govt. / Non-prot 145
Recruitment / HR services 343
Retail 92
Telecoms 93
Transportation / Distribution 81
Travel / Leisure / Hospitality 65
Utilities 56
Grand Total 3983
Source: MBA Jobs & Salary trends 2013
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Geographical distribution of employers
Responses were received from employers across the globe:
Africa & Middle East 5%
Asia Pacic 29%
Eastern Europe 6%
Latin America 33%
US & Canada 6%
Western Europe 21%
Grand Total 100%
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QS Global 200 Business SchoolsReport 2013/14
2013 QS Global
200 BusinessSchool Ratings:Elite Global
business schools
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Elite Global business schools
Elite Global business schools form an established cadre of the worlds
very best business institutions. They are targeted by a wide range
of employers, both domestically, regionally and globally. Highly
international, they typically admit only experienced candidates with
superior GMAT scores and all-round credentials. Their name will
transform the resume of any candidate. MBAs will in many cases go on
to be influential business leaders, and can expect to earn top salaries
upon graduation.
This years report shows that while Elite Global institutions remain
clustered in North America and particularly the US, they are also present
across Europe and to a lesser degree in Asia-Pacific. As yet there are no
Elite Global business schools in the Middle East and Africa, or Latin
America.
Of the 33 leading institutions to make the Elite Global category, 12 are
from the US. The other nations with Elite Global business schools are
Canada (6), UK (3), Spain (3), Switzerland (2), France (2), Denmark (1),
India (1), Ireland (1), Italy (1) and Singapore (1).
Emerging Global business schools
Emerging Global business schools have an established reputation for
excellence among employers that stretches well beyond their region.
They attract high-quality candidates from all over the world, and
graduates can expect to earn highly competitive salaries. Though
in many cases they are newer and not as firmly established as the
brand name institutions that make up the Elite Global cluster, these
institutions will in many cases aspire to break into the Elite Global
group in years to come.
There are a total of 73 Emerging Global schools worldwide. North
America leads with 27, ahead of Europe (20), Asia-Pacific (12), Latin
America (8) and Middle East & Africa (4).
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Elite Regional business schools
Elite Regional institutions are well regarded by employers within their region,
and may have started to develop a reputation further afield. Admitted students
typically have strong credentials, though they may be slightly less experienced on
average than those at Elite Global or Emerging Global institutions. Elite Regional
institutions are often younger institutions that, having established an excellent
reputation among employers within their region, will be looking to establish their
brand as one with a truly global reach.
There are a total of 45 Elite Regional schools worldwide. North America leads with
20, ahead of Europe (14), Asia-Pacific (9), Latin America (1) and Middle East & Africa
(1).
Emerging Regional schools
Emerging Regional institutions have established a solid reputation among
employers within their own country. They will appeal to candidates with fewer
years of professional experience, and graduate salaries are on average more modest
than those at Elite Regional institutions. Having established a good reputation
among domestic employers, they will now be looking to increase their visibility
among international employers and students.
There are a total of 44 Emerging Regional schools worldwide. North America leads
with 22, ahead of Europe (10), Asia-Pacific (11) and Latin America (1).
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Top business schools
by region:North America
QS Global 200 Business SchoolsReport 2013/14
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1. Elite global
2013 2012 Institution Country EmployerIndex
Avg
GMATScore
Avg
YearsWork
%Intern'l %Female ClassSize
1 1 Harvard Business School United States 100,0 730 4 34 41 941
2 3 Stanford University Graduate School of
Business
United States 100,0 729 4 42 35 398
3 4 The Wharton School, University of
Pennsylvania
United States 99,9 725 5 35 42 845
4 6 The University of Chicago Booth
School of Business
United States 99,6 715 5 33 35 579
5 2 The Kellogg School of Management,
Northwestern University
United States 99,6 708 5 40 35 477
6 5 Columbia Business School, Columbia
University
United States 98,4 670 5 34 29 213
7 9 UCLA Anderson School of
Management
United States 94,1 704 5 33 34 360
8 13 Joseph L. Rotman School of
Management, University of Toronto
Canada 91,0 673 4,5 48 31 313
9 7 Sloan School of Management,
Massachusetts Institute of Technology
(MIT)
United States 88,9 710 5 39 38 390
10 10 The Fuqua School of Business, Duke
University
United States 88,1 690 5 40 33 432
11 8 Haas School of Business, UC Berkeley United States 85,2 715 5 37 33 240
12 11 University of Michigan, Ross School of
Business
United States 83,8 703 5 36 30 502
13 16 York University, Schulich School of
Business
Canada 77,3 664 5 50 36 345
14 12 Richard Ivey School of Business, The
University of Western Ontario
Canada 76,0 669 5 31 29 133
15 14 Desautels Faculty of Management at
McGill University
Canada 75,3 670 5 55 35 70
16 21 HEC Montreal Canada 72,3 630 7 37 28 113
17 17 Yale School of Management, YaleUniversity
United States 71,5 717 6 27 35 230
18 18 Queen's School of Business Canada 71,2 661 5 40 32 119
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
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While in the past two years there has been a stable hierarchy of leading schools in North
America, this years results see a greater level of variation at the top of the table.
Harvard retains the top spot, yet last years second-placed institution Kellogg School of
Management drops to fifth, overtaken by Stanford, Wharton and Chicago Booth.
Canadian school Joseph L Rotman is the biggest climber in the top ten, moving up five places
to eighth. The only school to drop out of the top ten this year is UC Berkleys Haas School of
Business, which drops three places to 11th.
A total of 18 schools from the region qualify for Elite Global status. The two new additions
are the University of North Carolinas Kenan-Flagler Business School, and the MBA program
at Canadas University of Alberta. The US accounts for two-thirds of the Elite Global schools
in the region, with 12 to Canadas six.
The top three schools are also the strongest in terms of students average GMAT scores,
suggesting that there is a close match between the perceptions of employers and the best-
qualified MBA students.
However, the correlation is far less precise beyond the leading three. NYU Stern School of
Business is placed fourth for average GMAT scores but just 21st for employer recognition,
with 17th-placed Yale School of Management and 11th-placed Haas School of Business also
boasting among the highest average GMAT scores.
In the case of NYU Stern, the New York City factor may help it to attract top candidates, while
Berkeley and Yale both have big-name pulling power. In contrast, Columbia, Rotman and
Fuqua all make the top ten for employer recognition yet have average GMAT scores of under
700 a benchmark reached or surpassed by 15 other schools.
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Institution Avg Salary onGraduation
(USD)
Avg MeanBonus
(USD)
% Employed
3 MonthsAfter
Graduation
ProgramLength
(Months)
Total TuitionFees (USD)
Harvard Business School 120000 26216 74 24 112350
Stanford University Graduate School of Business 129692 26573 92 24 119100
The Wharton School, University of Pennsylvania 120000 28563 83 21 119472
The University of Chicago Booth School of Business 115079 27680 89 21 117520
The Kellogg School of Management, Northwestern
University
120000 21755 86 20 118170
Columbia Business School, Columbia University 103453 25549 94 20 121440
UCLA Anderson School of Management 100000 22320 80 24 75180
Joseph L. Rotman School of Management, University of
Toronto
89848 13237 82 18 75000
Sloan School of Management, Massachusetts Institute of
Technology (MIT)
118406 22925 94 24 61440
The Fuqua School of Business, Duke University 112626 27793 80 22 118000
Haas School of Business, UC Berkeley 97000 20272 80 21 77096
University of Michigan, Ross School of Business 111047 26111 85 21 116900
York University, Schulich School of Business 86587 8730 94 16 55900
Richard Ivey School of Business, The University of Western
Ontario
93078 10668 90 12 78280
Desautels Faculty of Management at McGill University 90000 22000 98 20 80000
HEC Montreal 72776 5800 71 12 14200
Yale School of Management, Yale University 104147 26318 85 21 114400
Queen's School of Business 62580 9495 80 12 82000
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
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The top three schools for employer recognition and GMAT scores, Harvard,
Stanford and Wharton also have the highest average salaries, underlining
their dominance. Yet second-placed Stanford beats Harvard, with average
salary-plus-bonus remuneration totaling an impressive US$156,235.
McGill Universitys Desautels Faculty of Management has the highest
employment rates, with 98% of graduates having secured jobs within three
months of graduation though at US $112,000, average remuneration is not
quite as high as at the top US schools.
Average salaries for MBAs from Elite Global schools in North America
stand at US$102,573, with an average bonus of $20,666 bringing the
total package to around $123,239. This places them just ahead of MBAs
graduating from Elite Global schools in Europe, who earn average salary-
plus-bonus packages of $122, 983.
Though base salaries tend to be slightly lower than in Europe (US$102,573
compared to US$107,432), North American graduates earn significantly
higher bonuses, averaging US$20,666 compared to the European figure of
US$15,551.
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2013 2012 Institution CountryEmployer
Index
Avg
GMATScore
Avg
YearsWork
%
Intern'l
%
Female Class Size
19 15 Sauder School of Business, University
of British Columbia
Canada 64,4 646 6 56 26 124
20 20 Thunderbird School of Global
Management
United
States
60,2 618 5 58 27 303
21 19 Stern School of Business, New York
University (NYU)
United
States
56,2 720 5 39 35 389
22 31 University of Alberta, Alberta MBA
Programs
Canada 53,2 600 5 56 42 80
23 25 Kenan-Flagler Business School,
University of North Carolina
United
States
49,6 690 5 36 29 290
24 24 Boston University School of
Management
United
States
48,0 683 5 37 33 147
25 27 Kelley School of Business, Indiana
University
United
States
38,5 664 5 34 30 178
26 29 Tepper School of Business, Carnegie
Mellon University
United
States
38,2 693 5 32 27 203
27 22 Tuck School of Business at Dartmouth United
States
36,9 716 5 36 35 280
28 30 University of Virginia Darden School of
Business
United
States
35,9 703 5 34 35 320
29 28 McCombs School of Business, Univ. of
Texas at Austin
United
States
35,7 684 5 25 33 261
30 37 Texas A&M University, Full-Time MBA
Program, Mays Business School
United
States
33,2 649 5 35 24 66
31 23 S.C. Johnson Graduate School of
Management, Cornell University
United
States
32,7 700 5 34 30 271
32 44 School of Business Administration,
University of Miami
United
States
32,2 638 3 29 38 88
33 35 McDonough School of Business,
Georgetown University
United
States
31,8 684 5 22 29 258
34 33 University of Illinois Urbana-Champaign
- Illinois MBA
United
States
31,6 650 4 41 26 123
35 36 Georgia Tech College of Management United
States
31,3 678 5 13 31 68
36 26 Goizueta Business School, Emory
University
United
States
30,8 681 5 37 23 205
2. Emerging Global
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37 32 Vanderbilt University, Owen Graduate
School of Management
United
States
29,9 682 5 22 35 175
38 67 The Carroll School of Management,Boston College
UnitedStates
28,7 666 4 31 31 103
39 47 Babson College United
States
27,4 630 5 42 29 160
40 42 Hult International Business School United
States
27,2 610 6 86 29 2250
41 38 Florida International University,
Chapman Graduate School of Business
United
States
26,1 555 3 41 35 85
42 34 Marshall School of Business, University
of Southern California
United
States
25,7 700 5 19 30 1794
43 Weatherhead School of Management,
Case Western Reserve University
United
States
24,0 615 3 52 42 106
44 51 John Molson School of Business,
Concordia University
Canada 23,9 623 6 58 37 74
45 43 Edwards MBA University of
Saskatchewan
Canada 23,2 550 4 13 17 30
46 56 University of Calgary, Haskayne School
of Business
Canada 23,0 620 5 46 32 53
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
The US accounts for 22 of the 27 Emerging Global schools in North America, with Canadaclaiming five. The three schools closest to the Elite Global category are Canadas Sauder
School of Business, University of British Columbia, and the USs Thunderbird School of
Global Management and Stern School of Management, NYU.
Four Emerging Global schools in the region have a GMAT average score of over 700: NYU
Stern (720), Tuck School of Business Dartmouth (716), University of Virginia Darden School of
Business (703), S.C. Johnson Graduate School of Management, Cornell University (700) and
Marshall School of Business, University of Southern California (700).
As in the Elite Global, the level of correlation between level of employer recognition and
average GMAT scores is highly variable. NYU Sterns score places it above all but three of the
regions Elite Global schools, while the lowest-ranked school in the category for employer
recognition, University of Southern California, is among the best GMAT performers
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8 QS Global 200 Business Schools Report 2013/14
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Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
Sauder School of Business, University of British Columbia 81028 11150 80 16 52000
Thunderbird School of Global Management 83034 N/A N/A 18 86160
Stern School of Business, New York University (NYU) 94968 26291 80 22 122548
University of Alberta, Alberta MBA Programs 73329 9800 94 20 97900
Kenan-Flagler Business School, University of North Carolina 102170 24606 86 21 107984
Boston University School of Management 97734 15561 87 21 87940
Kelley School of Business, Indiana University 97489 19740 89 21 93100
Tepper School of Business, Carnegie Mellon University 100000 18289 96 21 115000
Tuck School of Business at Dartmouth 115302 27384 93 21 117870
University of Virginia Darden School of Business 109335 27900 92 21 101800
McCombs School of Business, Univ. of Texas at Austin 105112 23426 94 21 97664
Texas A&M University, Full-Time MBA Program, Mays
Business School
93511 11040 100 16 46399
S.C. Johnson Graduate School of Management, Cornell
University
106900 26900 79 21 111896
School of Business Administration, University of Miami 62613 19429 80 21 83040
McDonough School of Business, Georgetown University 99799 24071 89 21 107200
University of Illinois Urbana-Champaign - Illinois MBA 82693 11667 89 21 59952
Georgia Tech College of Management 93195 15236 94 22 110656
Goizueta Business School, Emory University 103453 25549 94 22 92000
Vanderbilt University, Owen Graduate School of
Management
95134 22219 92 21 90000
The Carroll School of Management, Boston College 94147 12290 85 22 84000
Babson College 89742 14706 88 21 83668
Hult International Business School 89510 10000 80 12 65800
Florida International University, Chapman Graduate School
of Business
49574 4177 80 12 35490
Marshall School of Business, University of Southern
California
82405 16000 93 22 108792
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Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Weatherhead School of Management, Case WesternReserve University 80762 10857 N/A 21 87960
John Molson School of Business, Concordia University 72707 10000 77 16 35255
Edwards MBA University of Saskatchewan 63088 N/A 94 12 35000
University of Calgary, Haskayne School of Business 63300 5000 96 16 27000
The average starting salary+bonus package for MBAs from Emerging Global schools in
North America stands just short of six figures, at US$97,617. This compares to an average of$123,239 for graduates from the regions Elite Global schools.
Seven schools have average six-figure base salaries: Kenan-Flagler Business School,
University of North Carolina (US$102,170), Tepper School of Business, Carnegie Mellon
University ($100,000), Tuck School of Business at Dartmouth ($115,000), University of Virginia
Darden School of Business ($109,335), McCombs School of Business, Univ. of Texas at Austin
($105,112), S.C. Johnson Graduate School of Management, Cornell University ($106,900) and
Goizueta Business School, Emory University ($103,453).
Top salary+bonus packages are earned by MBAs from Tuck School of Business at Dartmouth($142,686), followed by University of Virginia Darden School of Business ($137,235). The
lowest earners are MBAs from Florida International University, Chapman Graduate School of
Business, with total packages averaging US$53,751.
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10 QS Global 200 Business Schools Report 2013/14
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2013 2012 Institution Country EmployerIndex
Avg
GMATScore
Avg
YearsWork
%Intern'l %Female ClassSize
47 53 University of Colorado at Boulder
Leeds School of Business
United States 22,6 630 5 24 25 83
48 University of Massachusetts - Boston
- Boston MBA Program
United States 22,5 587 4 52 50 42
49 University of Victoria - Faculty of
Business
Canada 22,2 573 4 57 51 53
50 49 Georgia State University, J. Mack
Robinson College of Business
United States 21,7 571 5 43 57 26
51 64 The Paul Merage School of Business,
University of California, Irvine
United States 21,2 673 5 28 23 83
52 45 The Johns Hopkins Carey Business
School
United States 20,6 650 3 56 40 N/A
53 78 Darla Moore School of Business,
University of South Carolina
United States 20,6 622 5 15 27 93
54 62 University of California - Davis,
Graduate School of Management
United States 20,4 692 4 25 35 55
55 74 American University Kogod School of
Business
United States 19,8 575 4,5 30 40 30
56 The Fox School of Business, Temple
University
United States 19,8 617 5 14 44 52
57 41 Simon Fraser University, Segal
Graduate School of Business
Canada 19,7 630 9 36 27 55
58 39 University of Wisconsin-Madison
Wisconsin School of Business
United States 19,6 675 5 9 41 118
59 40 Rice University, Jesse H. Jones
Graduate School of Business
United States 18,9 676 5 29 35 116
60 55 Max M. Fisher College of Business, The
Ohio State University
United States 18,8 673 5 34 25 118
61 Rady School of Management,
University of California, San Diego
United States 18,7 680 4,4 47 40 53
62 57 School of Business, George
Washington University
United States 16,8 635 4 35 42 113
3. Elite Regional
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63 Telfer School of Management,
University of Ottawa
Canada 16,5 622 7 49 27 49
64 University of San Francisco, Masagung
Graduate School of Management
United States 16,2 570 4 33 51 70
65 W. P. Carey School of Business,
Arizona State University
United States 15,0 675 4,8 42 25 69
66 59 University of San Diego United States 14,5 626 4 37 32 20
67 82 Rutgers Business School - Newark and
New Brunswick
United States 14,4 644 4 18 18 90
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
University of Colorado at Boulder Leeds School of Business 76750 3929 69 21 71146
University of Massachusetts - Boston - Boston MBA
Program
N/A N/A 88 20 35000
University of Victoria - Faculty of Business N/A N/A 80 17 27945
Georgia State University, J. Mack Robinson College of
Business
80906 N/A 52 14 37544
The Paul Merage School of Business, University of
California, Irvine
79000 12840 94 21 94176
The Johns Hopkins Carey Business School N/A N/A N/A 21 96000
Darla Moore School of Business, University of South
Carolina
76572 9292 84 23 71580
University of California - Davis, Graduate School ofManagement
91569 10886 93 21 95494
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Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
American University Kogod School of Business 80000 13500 74 22 66028
The Fox School of Business, Temple University 79078 13356 98 24 62624
Simon Fraser University, Segal Graduate School of Business 52000 N/A 68 12 34500
University of Wisconsin-Madison Wisconsin School of
Business
91625 18695 86 21 62442
Rice University, Jesse H. Jones Graduate School of
Business
99506 16058 92 22 97000
Max M. Fisher College of Business, The Ohio State
University
80081 15264 80 21 92704
Rady School of Management, University of California, San
Diego
73000 11500 79 21 84000
School of Business, George Washington University 84208 13250 85 21 84645
Telfer School of Management, University of Ottawa 70900 N/A 78 12 37000
University of San Francisco, Masagung Graduate School of
Management
70000 2000 65 21 69560
W. P. Carey School of Business, Arizona State University 92556 13000 89 22 94000
University of San Diego 78289 N/A 70 22 73360
Rutgers Business School - Newark and New Brunswick 85053 15593 91 24 80000
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4. Emerging Regional
2013 2012 Institution CountryEmployer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
68 46 Claremont Graduate University - Peter
F. Drucker
United States 13,9 625 2 30 47 39
69 77 Robert H. Smith School of Business,
University of Maryland
United States 13,8 660 4,5 34 31 278
70 54 University of Denver, Daniels College of
Business
United States 13,7 614 4 32 30 106
71 50 The Eli Broad Graduate School
of Management, Michigan State
University
United States 13,3 630 4 33 20 92
72 65 Southern Methodist University, Cox
School of Business
United States 13,2 641 4 22 22 108
73 71 Graduate School of Business,
California Lutheran University
United States 12,8 550 4 30 40 80
74 Shidler College of Business, University
of Hawaii at Manoa
United States 12,6 626 5 16 32 38
75 61 Mendoza College of Business,
University of Notre Dame
United States 12,4 692 5 8 23 130
76 Katz Graduate School of Business,
University of Pittsburgh
United States 12,3 608 4 44 28 104
77 Pepperdine University, The Graziadio
School of Business
United States 12,0 628 4 12 35 25
77 52 Smeal College of Business, Penn State
University
United States 12,0 643 5 32 26 80
79 Charles H. Kellstadt Graduate School
of Business, DePaul University
United States 11,9 623 4 27 23 52
80 75 Michael G. Foster School of Business,
University of Washington
United States 11,8 670 6 20 38 130
81 58 DeGroote School of Business,
McMaster University
Canada 11,7 630 2 24 37 235
82 73 School of Management, University at
Buffalo / SUNY
United States 11,4 606 1 30 33 102
83 76 Naveen Jindal School of Managementt,The University of Texas at Dallas United States 11,3 669 4 40 60 63
83 66 Olin Business School, Washington
University in St. Louis
United States 11,2 695 4,4 33 25 148
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85 60 Krannert School of Management,
Purdue University
United States 11,1 632 4 64 24 239
86 70 Auburn University College of Business United States 9,8 619 3 25 38 48
87 48 University of Minnesota, Carlson
School of Management
United States 9,7 690 4 30 25 107
88 Clark University Graduate School of
Management
United States 9,5 566 3 59 46 45
89 68 Mason School of Business, College of
William & Mary
United States 9,3 610 4 44 40 112
90 LeBow College of Business, Drexel
University
United States 9,2 613 5 38 35 35
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Institution
Avg
Salary on
Graduation
(USD)
Avg
Mean
Bonus
(USD)
%
Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition Fees
(USD)
Claremont Graduate University - Peter F. Drucker 73215 12000 N/A 24 101400
Robert H. Smith School of Business, University ofMaryland
92938 12548 82 21 76950
University of Denver, Daniels College of Business 53083 11800 61 21 69840
The Eli Broad Graduate School of Management, Michigan
State University
83588 14216 91 24 104724
Southern Methodist University, Cox School of Business 87694 16694 95 22 86072
Graduate School of Business, California Lutheran
University
N/A N/A N/A 12 32000
Shidler College of Business, University of Hawaii at Manoa N/A N/A 83 21 42296
Mendoza College of Business, University of Notre Dame 99500 15000 87 21 90260
Katz Graduate School of Business, University of Pittsburgh 63000 9000 86 20 90584
Pepperdine University, The Graziadio School of Business 72815 12756 N/A 20 77523,5294117647
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Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Smeal College of Business, Penn State University 84345 10915 86 21 94232
Charles H. Kellstadt Graduate School of Business, DePaul
University
63000 6000 88 18 62700
Michael G. Foster School of Business, University of
Washington
109000 14330 97 24 110484
DeGroote School of Business, McMaster University 66700 3000 80 20 76875
School of Management, University at Buffalo / SUNY 50157 6119 77 21 40292
Naveen Jindal School of Managementt, The University of
Texas at Dallas
78107 11277 87 16 26000
Olin Business School, Washington University in St. Louis 95000 15000 94 22 99400
Krannert School of Management, Purdue University 85897 15482 83 21 87000
Auburn University College of Business 57169 3786 N/A 17 31500
University of Minnesota, Carlson School of Management 82436 16158 97 22 90000
Clark University Graduate School of Management N/A N/A N/A 24 113850
Mason School of Business, College of William & Mary 75674 12885 83 21 82708
LeBow College of Business, Drexel University 65000 5357 63 18 54000
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Top business schools
by region:Europe
QS Global 200 Business SchoolsReport 2013/14
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1. Elite global
INSEAD retains its position as the regions number one institution ahead of London Business
School (LBS) his year. The two have a profile among international MBA employers that far
exceeds that of any other school in the region, and places them alongside Harvard Business
School at the top of the global hierarchy.
Behind the top two there has been a shift in the hierarchy this year, with Spains IE Business
School and Oxfords Said Business School moving up to third and fourth respectively, and last
years third-placed school IMD dropping to sixth.
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
2013 2012 Institution CountryEmployer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
1 1 INSEAD - France France 100,0 704 5 93 33 1006
2 2 London Business School United
Kingdom
100,0 698 5 91 33 406
3 4 IE Business School Spain 99,6 680 5 97 33 450
4 6 Oxford University, Said Business
School
United
Kingdom
99,3 698 6 94 25 232
5 3 IMD Switzerland 98,6 670 7 98 28 90
6 7 SDA Bocconi School of Management Italy 98,3 650 5 73 32 90
7 5 IESE Business School, University of
Navarra
Spain 95,3 672 4 80 29 280
8 9 ESADE Business School Spain 92,7 670 6 87 34 159
9 11 Copenhagen Business School Denmark 92,2 620 8 95 40 47
10 8 HEC MBA Program (Paris) France 89,6 689 6 87 32 361
11 10 The St.Gallen MBA, University of St
Gallen
Switzerland 81,0 660 6 85 25 35
12 14 Trinity MBA,University of Dublin, Trinity
College
Ireland 67,7 600 9 70 22 27
13 12 Judge Business School, University of
Cambridge
United
Kingdom
66,3 680 6,5 97 30 152
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The UK and Spain both have three Elite Global schools, ahead of Switzerland (2), France (2),
Denmark (1), Ireland (1) and Italy (1).
Students at INSEAD have the regions highest average GMAT scores at 704, ahead of LBS and
Oxford Said, both on 698. GMAT performance in the region lags significantly behind North
America. INSEAD is the only European school with an average score of over 700, compared to
15 schools in North America.
Around 88.5% of MBAs from Elite Global schools in Europe are employed within three
months of graduating, a slightly better rate than the 85.4% achieved by those in North
America. Cambridge Judge Business School achieves a leading figure of 97%, alongside two
Spanish schools: ESADE Business School and IESE Business School, University of Navarra.
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
INSEAD - France 122900 26600 84 10 59500
London Business School 113779 18698 96 21 97000
IE Business School 102500 20000 92 13 59900
Oxford University, Said Business School 99000 7000 90 12 54000
IMD 142412 17500 89 11 63000
SDA Bocconi School of Management 95000 10103 83 12 59000
IESE Business School, University of Navarra 101990 16700 97 19 93000
ESADE Business School 90400 11100 97 18 74100
Copenhagen Business School 100031 12000 77 12 57000
HEC MBA Program (Paris) 109880 17641 88 16 62400
The St.Gallen MBA, University of St Gallen 110000 N/A 90 12 67000
Trinity MBA,University of Dublin, Trinity College 100000 N/A 70 11 38350
Judge Business School, University of Cambridge 108736 13724 97 12 57000
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
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MBAs from Elite Global schools in Europe earn average salaries of US$107, 432, with average
bonuses of $15,551 taking the total average remuneration to US$122,983. This total falls just
of the North American figure of $123,239.
Perhaps predictably, the strongest average salaries earned by European MBAs are those fromSwiss school IMD (US$159,912), placing it number one in the world ahead of the USs Stanford
Graduate School of Business (US$156,265). INSEAD (US$149, 500) is second in the region.
Only three of the 13 Elite Global schools in Europe have average base salaries below
US$100,000 per annum: ESASE Business School (US$90,400), SD Bocconi School of
Management (US$95,000), and Oxford Said (US$99,000). However, all three cross the six-figure
threshold once bonuses are included.
2. Emerging Global
2013 2012 Institution CountryEmployer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
14 19 Imperial College Business School, Imperial
College London
United
Kingdom
58,6 660 7 65 29 52
15 15 Mannheim Business School Germany 54,3 675 5 60 22 58
16 Frankfurt School of Finance and Management Germany 53,4 N/A 4 N/A N/A N/A
17 22 Craneld School of Management United
Kingdom
51,5 650 9 75 30 73
18 20 Warsaw University of Technology, Business
School
Poland 49,1 500 5 30 42 20
19 21 Rotterdam School of Management, Erasmus
University
Netherlands 48,4 640 6 96 33 138
20 17 Warwick Business School, University of
Warwick
United
Kingdom
47,4 640 6 91 27 67
21 13 European Business School (EBS) Germany 45,1 600 4 58 7 N/A
22 18 Central European University, CEU Business
School
Hungary 44,6 600 8 94 39 32
23 26 ESIC Business & Marketing School Spain 44,4 670 5 72 32 40
24 Politecnico di Milano > MIP - School of
Management
Italy 42,2 602 4 70 30 50
25 16 WHU Otto Beisheim School of Management Germany 39,8 600 4 51 30 31
26 25 Vlerick Leuven Gent Management School Belgium 34,8 640 6 90 28 87
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A total of 20 European schools make the Emerging Global category, spread across 10
nations: UK (6), Germany (4), Belgium (2), Hungary (2), Spain (2), France (1), Ireland (1), Italy (1),
Netherlands (1), and Poland (1)
The leading school for employer recognition is the UKs Imperial College Business School,Imperial College London, ahead of Germanys Mannheim Business School and Frankfurt
School of Finance and Management.
Average GMAT scores range from 675 at Mannheim Business School to 500 at Warsaw
University of Technology Business School and Henley Business School. Candidates at the
UKs Cranfield School of Management average as many as 9 years experience, while those at
European University (Barcelona, Geneva, Munich) average as few as two.
32 48 Solvay Business School, ULB (Universite Libre
de Bruxelles)
Belgium 26,5 600 8 90 62 23
33 42 Henley Business School UnitedKingdom
24,8 500 12 60 28 33
34 54 European University (Barcelona, Geneva,
Munich)
Spain 23,4 550 2 80 60 N/A
27 27 Manchester Business School, The University
of Manchester
United
Kingdom
33,8 625 6 90 35 114
28 24 Corvinus University of Budapest, Corvinus
School of Management
Hungary 31,8 565 7 80 30 15
29 23 ESSEC Business School France 30,0 650 6 80 13 24
30 43 University of Edinburgh Business School United
Kingdom
29,3 586 7 96 44 54
31 35 University College Dublin, Smurt School of
Business
Ireland 27,1 620 8 47 29 45
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
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Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
Imperial College Business School, Imperial College London 97000 11750 96 12 56000
Mannheim Business School 52000 10000 100 12 33000
Frankfurt School of Finance and Management N/A N/A N/A 12 40300
Craneld School of Management 98100 11988 97 13 52500
Warsaw University of Technology, Business School N/A N/A 100 12 12220
Rotterdam School of Management, Erasmus University 88000 12963 81 12 58000
Warwick Business School, University of Warwick 75000 17712 95 12 47500
European Business School (EBS) 69062 N/A 74 16 42250
Central European University, CEU Business School 69062 N/A 74 11 17500
ESIC Business & Marketing School 80000 6000 N/A 11 34218
Politecnico di Milano > MIP - School of Management 84000 10700 74 14 47500
WHU Otto Beisheim School of Management N/A N/A 95 15 45500
Vlerick Leuven Gent Management School 116475 6000 100 12 46500
Manchester Business School, The University of Manchester 79521 11799 93 18 40000
Corvinus University of Budapest, Corvinus School of
Management
35000 N/A 80 24 12000
ESSEC Business School 76000 16070 N/A 12 59000
University of Edinburgh Business School 98500 N/A 95 12 23200University College Dublin, Smurt School of Business 85000 5000 97 12 39000
Solvay Business School, ULB (Universite Libre de Bruxelles) N/A N/A 60 12 32500
Henley Business School N/A N/A N/A 12 37500
European University (Barcelona, Geneva, Munich) N/A N/A 80 9 22620
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The diverse range of nations represented in the Emerging Global category means graduate
salaries vary significantly. Average salary+bonus compensation comes out at US$91,088,
ranging from US$122,475 at Vlerick Leuven Gent Management School to US$35,000 at
Corvinus University of Budapest, Corvinus School of Management.
Average starting salary + bonus compensation tops six figures for MBAs from four schools:
Imperial College Business School, Cranfield School of Management, Rotterdam School of
Management Erasmus University and Vlerick Leuven Gent Management School.
Mannheim Business School, Warsaw University of Technology Business School and Vlerick
Leuven Gent Management School all boast 100% employment rates within three months of
graduation.
3. Elite Regional
2013 2012 Institution CountryEmployer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
35 31 EDHEC Business School France 22,7 613 8 85 45 46
36 45 Ashridge Business School United
Kingdom
22,3 573 10 92 33 25
37 28 HHL - Leipzig Graduate School of
Management
Germany 20,3 630 5 70 30 25
37 30 Sorbonne Graduate Business School -
IAE de Paris
France 20,2 550 4 80 50 N/A
39 29 ESMT European School of
Management and Technology
Germany 18,5 640 6 88 40 40
40 Nottingham Trent University -
Nottingham Business School
United
Kingdom
17,9 500 3 10 10 0
41 32 MIB School of Management Italy 17,2 627 5 18 30 49
42 Nottingham University Business School United
Kingdom
17,2 600 5 88 35 68
43 Faculdade de Economia, Universidade
Nova de Lisboa
Portugal 16,9 609 7 11 26 19
44 37 Cass Business School United
Kingdom
16,6 635 8 87 25 80
45 55 Grenoble Graduate School of Business,
Grenoble Ecole de Management
France 16,3 600 6 85 41 91
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Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
46 The Business School, University of
Exeter
United
Kingdom
15,1 600 7 73 64 28
47 49 Universiteit van Amsterdam,Amsterdam Business School
Netherlands 14,3 630 5 90 50 25
47 47 LUISS Business School Italy 14,3 500 3 40 20 N/A
49 50 Business School Lausanne Switzerland 14,2 600 7 100 40 20
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
EDHEC Business School 85400 21000 90 10 50000
Ashridge Business School 162000 N/A 92 12 48500
HHL - Leipzig Graduate School of Management 88000 19500 80 15 34500
Sorbonne Graduate Business School - IAE de Paris N/A N/A N/A 14 62000
ESMT European School of Management and Technology 96000 10000 98 12 39000
Nottingham Trent University - Nottingham Business School 0 12 21600MIB School of Management 81163 20000 87 12 37500
Nottingham University Business School 73000 N/A 90 12 19500
Faculdade de Economia, Universidade Nova de Lisboa N/A N/A N/A 11 20800
Cass Business School 87750 21000 87 12 52000
Grenoble Graduate School of Business, Grenoble Ecole de
Management
67000 N/A 68 12 39000
The Business School, University of Exeter N/A N/A N/A 12 28500
Universiteit van Amsterdam, Amsterdam Business School 66000 N/A 90 12 40000
LUISS Business School N/A N/A 80 17 28080
Business School Lausanne 90000 N/A 85 12 44800
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4. Emerging Regional
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
2013 2012 Institution CountryEmployer
Index
Avg
GMATScore
Avg
YearsWork
%
Intern'l
%
Female
Class
Size
50 38 EMLYON Business School France 13,2 595 7 82 29 31
51 33 Aston Business School, Aston
University
United
Kingdom
12,7 620 6 93 30 60
52 51 Durham Business School, Durham
University
United
Kingdom
11,9 560 9 90 36 45
53 58 Bradford University School of
Management
United
Kingdom
10,2 600 0 99 23 97
54 62 IAE AIX, Graduate School of
Management - Universite Paul Cezanne
(Aix-Marseille III) France
France 9,8 580 8 60 40 20
55 44 School of Management, University of
Bath
United
Kingdom
9,3 610 8 86 44 60
56 41 ALBA Graduate Business School Greece 9,1 600 4 40 40 45
57 56 Hochschule Offenburg - University of
Applied Sciences
Germany 9,1 520 4 82 65 N/A
58 63 EADA Spain 8,3 650 5 92 41 32
59 53 EAE Business School Spain 8,2 510 5 85 45 N/A
60 57 University of Strathclyde Business
School
United
Kingdom
7,9 550 7 92 32 58
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Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
InstitutionAvg Salary onGraduation
(USD)
Avg MeanBonus
(USD)
% Employed3 Months
After
Graduation
ProgramLength
(Months)
Total Tuition
Fees (USD)
EMLYON Business School 95304 N/A 80 12 47500
Aston Business School, Aston University 75000 N/A 85 12 37300
Durham Business School, Durham University 75553 N/A N/A 12 28000
Bradford University School of Management 75000 N/A 92 12 26000
IAE AIX, Graduate School of Management
- Universite Paul Cezanne (Aix-Marseille III)
France
40000 N/A N/A 12 22000
School of Management, University of Bath 92000 N/A 92 12 47000
ALBA Graduate Business School 52000 N/A 90 12 20100
Hochschule Offenburg - University of Applied
Sciences
N/A N/A N/A 15 9428,9
EADA 70000 N/A 83 11 39000
EAE Business School 40000 N/A N/A 12 19500
University of Strathclyde Business School 66500 15000 N/A 12 37500
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Top business schools
by region:Asia-Pacifc
QS Global 200 Business SchoolsReport 2013/14
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1. Elite Global
Two Asian schools make this years Elite Global group: INSEAD Singapore and Indian
Institute of Management, Ahmedabad. First-placed INSEAD Singapore holds a significantadvantage over all of its regional rivals in terms of employer recognition.
Starting salaries at INSEAD Singapore are on a par with many Elite Global schools in Europe
and North America, totaling US$103,700 (salary plus bonus). IIM Ahmedabads average
graduate salary of US$68,000 is the lowest of any Elite Global school.
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
INSEAD - Singapore 122900 26600 84 10 59500
Indian Institute of Management, Ahmedabad 66888 N/A 100 22 36000
2013 2012 Institution CountryEmployer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
1 1 INSEAD - Singapore Singapore 92,1 704 5 93 33 1006
2 2 Indian Institute of Management,
Ahmedabad
India 65,5 767 2 1 15 310
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2. Emerging Global business schools
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
2013 2012 Institution CountryEmployer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
3 5 Melbourne Business School, The
University of Melbourne
Australia 60,0 664 5 72 40 50
4 3 National University of Singapore -
NUS Business School
Singapore 55,0 590 5 90 27 96
5 4 Indian Institute of Management,
Bangalore
India 51,2 780 2 10 20 N/A
6 12 Indian School of Business India 46,7 709 5 6 29 569
7 8 Peking University, Beijing International
MBA Programs - BiMBA
China 36,7 676 7 36 38 50
8 7 University of New South Wales, AGSMMBA Programs Australia 36,2 652 7 65 33 48
9 9 Indian Institute of Management
Calcutta
India 35,0 780 2 3 12 N/A
10 6 Nanyang Business School, Nanyang
Technological University
Singapore 31,1 680 6 86 43 72
11 10 China Europe International Business
School (CEIBS)
China 29,8 692 5 45 30 180
12 14 The HKUST Business School Hong Kong 27,3 673 5 97 36 109
13 11 Macquarie Graduate School of
Management, Macquarie University
Australia 25,6 680 7 90 34 74
14 17 The Australian National University, ANUCollege of Business and Economics
Australia 25,1 630 7 29 28 72
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A total of 12 schools from six nations in the region are included in the Emerging Global
category: Australia (4), India (3), China (2) and Singapore (2).
Melbourne Business School is the top-ranking Emerging Global school in the region, ahead of
Singapores NUS Business School and Indias IIM Bangalore.
The extremely high average GMAT scores at Indian schools are skewed by the fact that
only a very small number of candidates have taken the test. Stats at the other Emerging
Global schools in the region are variable, ranging from 680, at Nanyang Business School and
Macquarie Graduate School of Management, to 500 at Sydney Business School, University of
Wollongong.
Average salaries
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
Melbourne Business School, The University of Melbourne 112065 19456 91 16 70000
National University of Singapore - NUS Business School 67786 1300 89 17 41200
Indian Institute of Management, Bangalore 30000 N/A 100 21 9000
Indian School of Business 44000 N/A 100 12 45000
Peking University, Beijing International MBA Programs -
BiMBA
N/A N/A N/A 18 37300
University of New South Wales, AGSM MBA Programs 85308 17837 92 16 67320
Indian Institute of Management Calcutta 27500 4870 100 24 8000
Nanyang Business School, Nanyang Technological
University
53016 3377 91 16 40000
China Europe International Business School (CEIBS) 79516 9486 92 18 49800
The HKUST Business School 127600 19839 97 16 67350
Macquarie Graduate School of Management, Macquarie
University
143583 N/A 82 12 56500
The Australian National University, ANU College of Business
and Economics
63000 N/A N/A 18 54000
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The strength of the Australian dollar is reflected in the stellar salaries of its graduates.
Macquarie University has one of the highest figures of any business school in the world
at 143,583, while graduates of three other Australian schools stand to earn in excess of
US$100,000: University of New South Wales AGSM MBA Programs, Melbourne Business
School, and Sydney Business School, University of Wollongong.
Due to the range of economies represented, the regional average is considerably lower,
at US$78,261. Salaries in China and India remain considerably lower than those on offer
elsewhere in the region, with graduates of School of Management, Fudan University
(US$29,070) and Indian Institute of Management, Bangalore ($30,000) the lowest earners.
3. Elite Regional schools
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
2013 2012 Institution CountryEmployer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
FemaleClass Size
15 13 Sydney Business School, University of
Wollongong
Australia 24,6 500 2 75 20 99
16 21 School of Management, Fudan
University
China 23,4 600 5 10 45 113
17 16 Monash University Faculty of Business
and Economics
Australia 20,1 550 11 4 23 48
18 22 The Chinese University of Hong Kong Hong
Kong
17,9 650 5,6 80 45 75
19 23 The University of Hong Kong, Faculty
of Business and Economics
Hong
Kong
17,6 657 6 90 48 53
20 34 Seoul National University, Graduate
School of Business
Korea,
South
17,3 510 5 25 23 60
21 19 School of Economics and
Management, Tsinghua University
China 17,1 650 6 45 38 123
22 26 The University of Adelaide, Business
School
Australia 16,9 550 8 15 35 80% of
received
appliations
23 32 La Trobe University - La Trobe
Business School
Australia 16,8 654 6 89 25 57
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Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
Sydney Business School, University of Wollongong 102500 N/A 92 16 33000
School of Management, Fudan University 29070 N/A 96 24 2100
Monash University Faculty of Business and Economics N/A 20000 76 24 65340
The Chinese University of Hong Kong N/A N/A 92 16 47900
The University of Hong Kong, Faculty of Business and
Economics
70000 N/A 85 14 58022
Seoul National University, Graduate School of Business 53000 10000 100 12 40000
School of Economics and Management, Tsinghua University N/A 6428 N/A 24 28000
The University of Adelaide, Business School N/A N/A 100 15 34849
La Trobe University - La Trobe Business School 110000 N/A 94 15 27000
4. Emerging Regional
2013 2012 Institution CountryEmployer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
24 15 Asian Institute of Management Philippines 12,6 656 4 71 28 140
25 25 Waseda Business School Japan 12,0 580 8 45 28 90
26 27 Guanghua School of Management,
Peking University
China 11,6 637 6 72 44 433
27 24 Indian Institute of Foreign Trade India 10,2 650 2 3 20 N/A
28 S P Jain School of Global Management India 9,8 680 2 0 33 180
29 18 Brisbane Graduate School of Business,
QUT
Australia 7,8 610 9 18 33 N/A
30 30 School of Business, Bond University Australia 6,6 580 8 63 41 39
31 28 Lee Kong Chian School of Business,Singapore Management University
Singapore 6,0 663 6 72 46 N/A
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Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
32 36 The Otago MBA, University of Otago New Zealand 5,2 632 10 55 27 20
33 Cheung Kong Graduate School of
Business
China 4,4 670 6 22 33 61
34 29 RMIT University, Graduate School of
Business and Law
Australia 4,0 550 2 65 40 175
35 33 International University of Japan,
Graduate School of International
Management
Japan 3,9 511 4 73 29 50
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Graduation
Program
Length
(Months)
Total Tuition
Fees (USD)
Asian Institute of Management 40000 N/A 52 16 24000
Waseda Business School N/A N/A 60 24 37479
Guanghua School of Management, Peking University 24136 N/A 100 24 27800
Indian Institute of Foreign Trade N/A 10000 80 24 20000
S P Jain School of Global Management N/A N/A N/A 24 10000
Brisbane Graduate School of Business, QUT 104756 N/A 85 18 38000
School of Business, Bond University 58000 N/A 84 12 43260
Lee Kong Chian School of Business, Singapore
Management University
N/A N/A 90 12 48000
The Otago MBA, University of Otago N/A N/A 95 16 34500
Cheung Kong Graduate School of Business 40000 N/A 100 12 48000
RMIT University, Graduate School of Business and Law 47000 N/A 75 12 34330
International University of Japan, Graduate School of
International Management
54000 18000 100 21 90300
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Top business schoolsby region:
Latin America
QS Global 200 Business SchoolsReport 2013/14
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1. Elite global
There are currently no Latin American schools in this category.
2. Emerging Global
A total of eight schools from Latin America make the Emerging Global category this year,
with 5 nations represented: Brazil (2), Chile (2), Mexico (2), Argentina and Costa Rica.
EGADE-Tecnologico de Monterrey, Campus Monterrey retains its position as Latin Americas
number one school for employer recognition, ahead of Pontificia Universidad Catlica de
Chile and Brazils Business School Sao Paulo.
The top school for GMAT scores is Argentinas IAE Business School, Universidad Austral.
Average years of work experience range from 15 at Universidad de Chile to zero at Pontificia
Universidad Catlica de Chile.
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
2013 2012 Institution CountryEmployer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
1 1 EGADE-Tecnologico de Monterrey,
Campus Monterrey
Mexico 62,9 628 8 15 33 439
2 2 Pontifcia Universidad Catlica de Chile Chile 47,7 500 0 10 10 N/A
3 3 BSP - Business School Sao Paolo,
MBA
Brazil 36,2 550 5 40 30 N/A
4 4 Fundacao Getulio Vargas Brazil 31,9 550 6 20 25 N/A
5 8 Instituto Tecnologico Autonomo de
Mexico (ITAM)
Mexico 29,1 580 7 15 30 N/A
6 7 Universidad de Chile Chile 28,4 500 15 15 18 28
7 5 IAE Business School, Universidad
Austral
Argentina 27,9 651 5 60 25 52
8 6 INCAE Business School Costa Rica 25,3 600 4 85 38 184
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Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
In terms of graduate salaries, Emerging Global schools in Latin America remain some way
behind those in Europe, North America and parts of Asia-Pacific, despite continued economic
growth.
Salaries for graduates of Universidad de Chile (US$71,000) and Business School Sao Paulo
(US$68,000) are well in excess of those on offer elsewhere in the region, approaching those in
Canada and mid-ranking European nations. Yet these are the only schools in the region with
averaging starting salaries exceeding US$50,000.
Institution
Avg Salary on
Graduation(USD)
Avg Mean
Bonus(USD)
% Employed
3 MonthsAfter
Graduation
Program
Length(Months)
Total TuitionFees (USD)
EGADE-Tecnologico de Monterrey, Campus Monterrey 50000 N/A N/A 17 35700
Pontifcia Universidad Catlica de Chile N/A N/A N/A 15 23000
BSP - Business School Sao Paolo, MBA 68000 N/A 80 18 25000
Fundacao Getulio Vargas N/A N/A N/A 18 8874
Instituto Tecnologico Autonomo de Mexico (ITAM) N/A N/A N/A 12 15710
Universidad de Chile 65000 6000 95 18 37750
IAE Business School, Universidad Austral 30000 N/A 70 11 24000
INCAE Business School 40000 8320 60 21 47650
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Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
3. Elite Regional
Perus ESAN, Escuela de Administracion de Negocios para Graduados is the only
Latin American school in this category.
4. Emerging Regional schools
Mexicos IPADE Business School, Universidad Panamericana is the only Latin
American school in this category.
2013 2012 Institution CountryEmployer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
9 10 ESAN, Escuela
de Administracion
de Negocios para
Graduados
Peru 18,2 500 6 10 40 64
2013 2012 Institution CountryEmployer
Index
Avg
GMATScore
Avg
YearsWork
%
Intern'l
%
Female
Class
Size
10 9 IPADE Business
School, Universidad
Panamericana
Mexico 13,8 608 4 9 33 69
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Top business schoolsby region:
Middle East &Africa
QS Global 200 Business SchoolsReport 2013/14
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Schools from Middle East & Africa appear in two categories: Emerging Global and
Elite Regional.
1. Elite global
There are currently no schools from Middle East & Africa in this category.
2. Emerging Global
University of Cape Town remains the regions top performer for employer
recognition, ahead of fellow South African school University of Witwatersrand.
Egypts American University of Cairo moves down two places to fourth in the region
Average GMAT scores for Emerging Global schools in the region range from 583 at
American University in Cairo to 500 at American University of Sharjah.
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
2013 2012 Institution CountryEmployer
Index
Avg
GMAT
Score
Avg
Years
Work
%
Intern'l
%
Female
Class
Size
1 1 University of Cape Town,
Graduate School of
Business
South Africa 48,9 581 7 24 31 79
2 3 University of Witwatersrand South Africa 31,8 579 8 10 23 N/A
3 American University of
Sharjah
United Arab
Emirates
28,1 500 3 44 56 N/A
4 2 American University in
Cairo
Egypt 27,9 583 7 5 27 158
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Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Institution
Avg Salary on
Graduation
(USD)
Avg Mean
Bonus
(USD)
% Employed
3 Months
After
Grad