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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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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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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


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2 QS Global 200 Business Schools Report 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


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


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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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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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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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


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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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


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


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


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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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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by region:Europe


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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.



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


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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


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


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


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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)

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


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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Average salaries


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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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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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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by region:Asia-Pacifc


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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.



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


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



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


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



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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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



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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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


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


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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.



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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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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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.


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


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


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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.



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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Average salaries

Institution

Avg Salary on

Graduation

(USD)

Avg Mean

Bonus

(USD)

% Employed

3 Months

After

Grad

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