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European business schools ranking 2020

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European Business School Rankings 2020

	Rank 2020	Rank 2019	Rank 2018	3-year average	Business School	Country	Full-time MBA 2020	MBA sal ($)^[1]	MBA sal inc (%)^[2]	EMBA 2020 #^[3]	EMBA salary today ($) #^[3]	EMBA salary increase (%) #^[3]	Masters in Management 2020	MiM Sal ($)	Masters in Management salary increase (%) †	Open programmes - Executive Education 2020	Custom programmes - Executive Education 2020	Female faculty (%) ‡^[4]	International faculty (%) ‡^[4]	Faculty with doctorate (%) ‡^[4]
	1	1	20	1	HEC Paris	France	3	164,52921,907	13327	1 (2)	371,789 (420,796)	81 (60)	2	107,050331	791	4	2	22	72	100
	2	2	10	2	London Business School	UK / UAE	2	171,4921,817	1053	9 (7) (12)	273,377 (324,192) (283,041)	61 (85) (69)	4	96,8481,903	611	11	8	28	84	99
	3	5	30	4	Insead	France / Singapore / UAE	1	181,2771,616	1013	6 (3)	311,882 (372,148)	46 (65)	-	-	-	3	5	20	93	98
	4	6	50	5	Iese Business School	Spain / US	4	151,347271	1199	5	364,966	41	-	-	-	6	1	30	97	100
	5	3	60	5	SDA Bocconi/Università Bocconi	Italy	9	140,4049,776	1204	26	212,747	50	9	85,733533	712	14	4	39	39	99
	6	7	80	7	Essec Business School	France	24	109,85411,734	581	18	197,073	65	3	102,0862,119	743	8	3	37	58	100
	7	4	40	5	University of St Gallen	Switzerland	18	127,0222,495	731	26	181,434	50	1	113,1752,160	521	15	24	20	79	100
	8	14	110	11	ESCP Business School	France / UK / Germany / Spain / Italy / Poland	-	-	-	4	272,852	78	6	85,309473	561	23	10	38	83	100
	9	9	240	14	ESMT Berlin	Germany	21	116,9336,851	641	22	200,264	58	21	83,9522,760	480	5	12	13	71	100
	10	10	100	10	University of Oxford: Saïd	UK	6	156,7394,704	10315	11	235,289	67	-	-	-	2	14	23	69	100
	10	11	70	9	IMD Business School	Switzerland	8	156,4214,477	679	15	255,202	47	-	-	-	1	6	21	98	100
	12	8	200	13	IE Business School	Spain	13	135,42218,125	8317	8	309,031	46	20	73,4403,833	683	20	-	40	70	100
	12	13	150	13	Esade Business School	Spain	7	140,6867,374	1171	-	-	-	13 (13)	88,627 (92,103)7,349	50 (59)9	7	9	37	45	100
	14	15	140	14	Edhec Business School	France / UK / Singapore	24	104,7375,806	708	25	153,836	56	15	78,607149	482	22	7	32	62	98
	15	12	90	12	Rotterdam School of Management, Erasmus University	Netherlands	17	115,9552,663	768	24 (32)	148,673 (194,807)	64 (56)	5	91,362571	584	29	35	28	54	98
	15	17	120	15	Warwick Business School	UK	10	117,0471,359	785	13	191,052	80	15	70,8904,741	9921	-	30	37	80	100
	17	16	130	15	University of Cambridge: Judge	UK	5	162,662846	953	17	231,036	62	-	-	-	10	15	20	69	97
	18	18	190	18	Imperial College Business School	UK	14	122,2584,615	643	16	174,630	70	10	78,2853,648	591	-	23	27	96	100
	19	23	270	23	WHU – Otto Beisheim School of Management	Germany	16	125,23862	8415	10	237,177	75	12	112,5391,625	492	20	-	30	35	100
	20	20	210	20	EMLyon Business School	France / Morocco / China	20	96,2902,825	812	33	126,952	41	24	78,0314,936	504	33	17	35	55	99
	21	24	180	21	Mannheim Business School	Germany	19	124,4158,312	833	41 (18)	162,256 (197,073)	37 (65)	21	99,678662	431	-	21	29	23	100
	21	26	250	24	Stockholm School of Economics	Sweden / Russia / Latvia	-	-	-	34	132,936	52	7	86,7296,095	546	9	18	26	38	98
	23	21	230	22	University College Dublin: Smurfit	Ireland	27	107,7959,077	680	35	145,390	66	8	79,721130	705	24	41	32	39	99
	24	22	220	23	Vlerick Business School	Belgium	29	99,7242,428	611	47	149,534	48	29	72,8093,030	688	17	16	28	38	98
	25	19	160	20	City, University of London, The Business School (formerly Cass)	UK / UAE	12	133,67913,910	937	21	186,868	58	35	67,6827,630	5417	-	-	31	82	94
	26	30	300	29	Nova School of Business and Economics	Portugal	22	105,3943,478	741	51	114,860	50	15	76,1979,406	565	26	27	35	30	100
	26	32	360	31	Frankfurt School of Finance and Management	Germany	28	92,970	74	43	152,522	47	28	100,7883,920	411	27	36	19	28	100
	28	25	260	26	Grenoble Ecole de Management	France	32	99,117723	7810	36	145,433	78	37	62,6671,066	562	31	32	47	52	91
	29	28	290	29	Eada Business School Barcelona	Spain	29	98,1354,550	7813	58	92,510	54	26	70,7091,356	645	25	26	37	53	90
	30	27	330	30	Copenhagen Business School	Denmark	36	84,5106,637	424	30	180,024	45	41	74,0382,691	481	30	40	31	47	98
	31	32	280	30	Católica Lisbon School of Business and Economics	Portugal	22	105,3943,478	741	51	114,860	50	36	57,672370	5511	37	22	47	38	100
	32	38	310	34	Tias Business School, Tilburg University	Netherlands	41	90,7082,141	3514	40	151,611	51	48	61,0793,145	488	28	31	30	48	96
	32	44	170	31	Cranfield School of Management	UK	38	113,20910,877	5419	49	125,130	59	65	56,265	42	18	25	31	54	95
	34	31	350	33	Kedge Business School	France / China	-	-	-	23	190,286	75	37	62,164988	402	36	33	34	51	100
	34	41	410	39	WU (Vienna University of Economics and Business)	Austria	-	-	-	18	205,674	64	11	92,6859,568	482	-	-	41	33	97
	36	35	380	36	Alliance Manchester Business School	UK	11	128,7454,567	1031	-	-	-	66	53,711128	701	-	13	34	52	94
	37	34	340	35	Aalto University	Finland	-	-	-	49	144,723	35	44	64,271978	482	32	20	36	31	92
	38	29	320	33	Henley Business School	UK / Finland / Denmark / Germany / South Africa	-	-	-	38	152,910	44	-	-was 47,690	-was 59	12	19	48	59	93
	39	50	450	45	Neoma Business School	France	-	-	-	48	116,381	36	23	69,2074,247	460	-	37	42	72	100
	40	47	440	44	HEC Lausanne, University of Lausanne	Switzerland	-	-	-	42	147,577	41	24	80,4742,421	663	-	-	25	83	100
	41	36	510	43	Nyenrode Business Universiteit	Netherlands	32	82,9452,873	846	-	-	-	69	68,4572,170	500	16	43	30	24	96
	41	45	420	43	Politecnico di Milano School of Management	Italy	38	87,7137,905	8128	56	136,343	49	73	52,4523,129	615	39	39	41	11	83
	41	46	490	45	Antwerp Management School	Belgium	-	-	-	31	186,204	52	32	67,1912,645	456	-	-	39	24	94
	44	53	540	50	Hult Ashridge Executive Education	UK	-	-	-	-	-	-	-	-	-	12	11	37	73	60
	45	40	460	44	Audencia Business School	France	-	-was 88,901	-was 53	57	107,048	39	46	73,8325,670	466	35	34	50	53	91
	45	48	430	45	Kozminski University	Poland	-	-	-	36	211,412	55	31	54,75610,142	11230	-	-	39	17	88
	45	57	530	52	HHL Leipzig Graduate School of Management	Germany	36	91,337	76	-	-	-	19	109,2423,661	470	-	-	27	9	100
	48	43	470	46	Durham University Business School	UK	15	110,50610,050	1073	-	-	-	53	53,9513,343	4911	-	-	34	71	99
	49	36	370	41	BI Norwegian Business School	Norway	-	-	-	44 (14)	146,846 (251,699)	47 (115)	-	-was 68,789	-was 33	34	38	31	29	80
	50	55	600	55	Prague University of Economics and Business	Czech Republic	-	-	-	-	-	-	18	67,2751,002	5310	-	-	51	21	88
	51	51	390	47	University of Strathclyde Business School	UK	34	101,43210,966	861	45	181,609	64	74	54,4103,363	499	-	-	35	96	81
	51	51	500	51	University of Edinburgh Business School	UK	26	107,332843	682	-	-	-	57	70,897555	366	-	-	40	68	95
	51	59	520	54	St Petersburg University, Graduate School of Management	Russia	-	-	-	53	153,955	63	33	61,8781,194	9111	-	-	54	6	96
	54	42	480	48	Lancaster University Management School	UK	29	84,38010,116	808	-	-	-	49	57,4212,677	492	-	-	35	57	95
	55	64	640	61	IESEG School of Management	France	-	-	-	-	-	-	26	67,5642,235	500	-	-	46	87	100
	56	60	-	-	Trinity College Dublin, Trinity Business School	Ireland	43	101,489	14	-	-	-	30	74,82722,308	604	-	-	49	59	97
	57	54	590	57	University of Bath School of Management	UK	34	90,4093,988	711	-	-	-	55	58,992203	503	-	-	37	68	99
	58	-	-	-	IBS-Moscow Ranepa	Russia	-	-	-	29	316,009	49	-	-	-	-	-	50	17	98
	58	57	550	57	TBS (Toulouse Business School)	France / Spain / Morocco	-	-	-	54	97,456	26	50	62,012361	381	-	-	49	52	93
	58	64	680	63	IAE Aix-Marseille Graduate School of Management	France	-	-	-	-	-	-	34	61,828255	472	-	-	50	35	100
	58	78	660	67	Koç University Graduate School of Business	Turkey	-	-	-	28	271,106	63	-	-	-	-	-	51	29	94
	62	39	390	47	NHH Norwegian School of Economics	Norway	-	-	-	55	135,282	33	-	-was 75,908	-was 46	19	43	27	37	98
	63	61	640	63	Maastricht University School of Business and Economics	Netherlands	-	-	-	-	-	-	41	74,4882,639	432	-	-	31	57	97
	63	69	-	-	Tilburg University, School of Economics and Management	Netherlands	-	-	-	-	-	-	40	56,8761,773	6612	-	-	27	53	92
	63	69	670	66	Sabanci Business School	Turkey	-	-	-	46	192,052	44	-	-	-	-	28	37	31	100
	63	79	930	78	Excelia Business School	France	-	-	-	-	-	-	39	60,4546,839	424	-	42	51	61	97
	67	-	-	-	Universidad Carlos III de Madrid	Spain	-	-	-	-	-	-	43	55,281	91	-	-	46	33	100
	68	56	560	60	Rennes School of Business	France	-	-	-	-	-	-	45	63,988808	502	-	-	32	89	92
	69	81	-	-	University of Zurich	Switzerland	-	-	-	38	156,508	38	-	-	-	-	-	16	89	100
	70	61	610	64	Solvay Brussels School of Economics and Management	Belgium	-	-	-	-	-	-	56	63,8731,810	484	38	-	26	42	92
	70	76	730	73	Essca School of Management	France / Hungary / China	-	-	-	-	-	-	47	59,4611,382	380	-	-	44	53	95
	72	69	690	70	MBS (Montpellier Business School)	France	-	-	-	-	-	-	51	59,459969	383	-	-	43	65	96
	73	-	-	-	ZHAW School of Management and Law	Switzerland	-	-	-	-	-	-	54	75,180	19	-	-	28	45	68
	73	75	730	74	Institut Mines-Télécom Business School	France	-	-	-	-	-	-	52	62,75162	320	-	-	48	56	95
	75	-	-	-	Lund University School of Economics and Management (Lusem)	Sweden	-	-	-	-	-	-	61	76,823	36	-	-	33	22	87
	75	63	580	65	Leeds University Business School	UK	-	-was 92,517	-was 75	-	-	-	57	53,5535,920	6512	-	-	44	49	88
	75	74	730	74	University of Cologne	Germany	-	-	-	-	-	-	60	93,078412	403	-	-	21	12	100
	75	79	770	77	Hanken School of Economics	Finland	-	-	-	-	-	-	59	55,840774	525	-	-	38	23	95
	79	67	620	69	Porto Business School, University of Porto	Portugal	-	-	-	59	95,724	34	-	-	-	40	29	35	6	94
	80	81	810	81	Burgundy School of Business	France	-	-	-	-	-	-	62	56,572541	482	-	-	45	44	87
	81	85	790	82	EM Strasbourg Business School	France	-	-	-	-	-	-	63	57,1192,014	382	-	-	58	40	91
	82	89	830	85	University of Ljubljana, School of Economics and Business	Slovenia	-	-	-	-	-	-	64	47,1517,630	8625	-	-	51	8	79
	83	81	690	78	Louvain School of Management	Belgium	-	-	-	-	-	-	68	55,4881,530	570	-	-	33	24	100
	83	81	780	81	EM Normandie Business School	France	-	-	-	-	-	-	67	55,2211,573	373	-	-	43	40	93
	85	-	85	-	DCU Business School	Ireland	-	-	-	-	-	-	71	50,914	57	-	-	53	29	83
	85	-	94	-	University of Glasgow: Adam Smith	UK	43	81,999	42	-	-	-	74	40,436	61	-	-	40	71	87
	85	92	880	88	Luiss University	Italy	-	-	-	-	-	-	69	53,743691	756	-	-	31	19	81
	88	-	-	-	Paris School of Business	France	-	-	-	-	-	-	72	58,397	39	-	-	52	56	78
	88	92	-	-	Birmingham Business School	UK	40	89,2981,856	5220	-	-	-	-	-	-	-	-	39	48	93
	90	-	-	-	Aston Business School	UK	41	85,625	94	-	-	-	-	-	-	-	-	33	43	71
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Table notesFootnotes # Figure in brackets refers to data from separate joint programme for schools with more than one degree ranked. † Salary increase from graduation for Masters in Management. For MBA and EMBA, the average difference in alumni salary is between before the degree and now, three years after completion. ‡ Faculty data are provided for information — taken from surveys for the 2020 tables. Schools that only feature in Executive Education have provided faculty data, as of September 2020, especially for this ranking. * School was ranked outside the final table in 2020. ** School participated in this ranking on the basis of a joint programme only. Underlying score based on proportion of total score. Some 156 points separate the top programme, at the HEC Paris, from the school ranked 90. The schools are divided into four tiers. Business schools in tiers l and ll score above the average for the cohort, and tiers lll and lV are below it. The difference in scores between schools ranked consecutively is greater within tiers l and lV than in tiers ll and lll. Tier l includes 7 schools from HEC Paris to University of St Gallen. Tier ll includes schools from ESCP Business School, ranked 8th, to Aalto University in 37th position. Tier lll, headed by Henley Business School spans schools ranked 38 to 58. Tier lV includes schools from NHH Norwegian School of Economics in 62nd place to Aston Business School at 90.

Footnotes

1. Average MBA alumni salary three years after graduation, US$ by purchasing power parity (PPP). Includes weighted data from the current and two previous years, where available.

2. Percentage increase in average alumni salary pre-MBA to today, three years after graduation. Includes weighted data from the current and two previous years, if available.

3. # Figure in brackets refers to data from additional joint-programmes for schools with more than one ranked programme.

4. ‡ Data are provided for information only - taken from the 2020 ranking surveys.

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