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European Business School Rankings 2020

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Rank 2020
Rank 2019
Rank 2018
3-year average
Business School
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]
11201HEC ParisFeatured business schoolFrance3164,52921,907133271 (2)371,789 (420,796)81 (60)2107,050331791422272100
22102London Business SchoolFeatured business schoolUK / UAE2171,4921,81710539 (7) (12)273,377 (324,192) (283,041)61 (85) (69)496,8481,903611118288499
35304InseadFrance / Singapore / UAE1181,2771,61610136 (3)311,882 (372,148)46 (65)---35209398
46505Iese Business SchoolFeatured business schoolSpain / US4151,34727111995364,96641---613097100
53605SDA Bocconi/Università BocconiFeatured business schoolItaly9140,4049,776120426212,74750985,733533712144393999
67807Essec Business SchoolFrance24109,85411,73458118197,073653102,0862,119743833758100
74405University of St GallenSwitzerland18127,0222,49573126181,434501113,1752,16052115242079100
81411011ESCP Business SchoolFeatured business schoolFrance / UK / Germany / Spain / Italy / Poland---4272,85278685,30947356123103883100
9924014ESMT BerlinFeatured business schoolGermany21116,9336,85164122200,264582183,9522,7604805121371100
101010010University of Oxford: SaïdFeatured business schoolUK6156,7394,7041031511235,28967---2142369100
1011709IMD Business SchoolSwitzerland8156,4214,47767915255,20247---162198100
12820013IE Business SchoolFeatured business schoolSpain13135,42218,12583178309,031462073,4403,83368320-4070100
121315013Esade Business SchoolSpain7140,6867,3741171---13 (13)88,627 (92,103)7,34950 (59)9793745100
141514014Edhec Business SchoolFeatured business schoolFrance / UK / Singapore24104,7375,80670825153,836561578,607149482227326298
15129012Rotterdam School of Management, Erasmus UniversityFeatured business schoolNetherlands17115,9552,66376824 (32)148,673 (194,807)64 (56)591,3625715842935285498
151712015Warwick Business SchoolUK10117,0471,35978513191,052801570,8904,7419921-303780100
171613015University of Cambridge: JudgeUK5162,66284695317231,03662---1015206997
181819018Imperial College Business SchoolFeatured business schoolUK14122,2584,61564316174,630701078,2853,648591-232796100
192327023WHU – Otto Beisheim School of ManagementGermany16125,23862841510237,1777512112,5391,62549220-3035100
202021020EMLyon Business SchoolFrance / Morocco / China2096,2902,82581233126,952412478,0314,9365043317355599
212418021Mannheim Business SchoolFeatured business schoolGermany19124,4158,31283341 (18)162,256 (197,073)37 (65)2199,678662431-212923100
212625024Stockholm School of EconomicsSweden / Russia / Latvia---34132,93652786,7296,095546918263898
232123022University College Dublin: SmurfitIreland27107,7959,07768035145,39066879,7211307052441323999
242222023Vlerick Business SchoolBelgium2999,7242,42861147149,534482972,8093,0306881716283898
251916020City, University of London, The Business School (formerly Cass)Featured business schoolUK / UAE12133,67913,91093721186,868583567,6827,6305417--318294
263030029Nova School of Business and EconomicsPortugal22105,3943,47874151114,860501576,1979,40656526273530100
263236031Frankfurt School of Finance and ManagementGermany2892,9707443152,5224728100,7883,92041127361928100
282526026Grenoble Ecole de ManagementFrance3299,117723781036145,433783762,6671,0665623132475291
292829029Eada Business School BarcelonaFeatured business schoolSpain2998,1354,55078135892,510542670,7091,3566452526375390
302733030Copenhagen Business SchoolFeatured business schoolDenmark3684,5106,63742430180,024454174,0382,6914813040314798
313228030Católica Lisbon School of Business and EconomicsPortugal22105,3943,47874151114,860503657,672370551137224738100
323831034Tias Business School, Tilburg UniversityNetherlands4190,7082,141351440151,611514861,0793,1454882831304896
324417031Cranfield School of ManagementFeatured business schoolUK38113,20910,877541949125,130596556,265421825315495
343135033Kedge Business SchoolFrance / China---23190,286753762,16498840236333451100
344141039WU (Vienna University of Economics and Business)Austria---18205,674641192,6859,568482--413397
363538036Alliance Manchester Business SchoolFeatured business schoolUK11128,7454,5671031---6653,711128701-13345294
373434035Aalto UniversityFinland---49144,723354464,2719784823220363192
382932033Henley Business SchoolUK / Finland / Denmark / Germany / South Africa---38152,91044--was 47,690-was 591219485993
395045045Neoma Business SchoolFrance---48116,381362369,2074,247460-374272100
404744044HEC Lausanne, University of LausanneSwitzerland---42147,577412480,4742,421663--2583100
413651043Nyenrode Business UniversiteitNetherlands3282,9452,873846---6968,4572,1705001643302496
414542043Politecnico di Milano School of ManagementItaly3887,7137,905812856136,343497352,4523,1296153939411183
414649045Antwerp Management SchoolBelgium---31186,204523267,1912,645456--392494
445354050Hult Ashridge Executive EducationUK---------1211377360
454046044Audencia Business SchoolFeatured business schoolFrance--was 88,901-was 5357107,048394673,8325,6704663534505391
454843045Kozminski UniversityFeatured business schoolPoland---36211,412553154,75610,14211230--391788
455753052HHL Leipzig Graduate School of ManagementGermany3691,33776---19109,2423,661470--279100
484347046Durham University Business SchoolFeatured business schoolUK15110,50610,0501073---5353,9513,3434911--347199
493637041BI Norwegian Business SchoolNorway---44 (14)146,846 (251,699)47 (115)--was 68,789-was 333438312980
505560055Prague University of Economics and BusinessCzech Republic------1867,2751,0025310--512188
515139047University of Strathclyde Business SchoolUK34101,43210,96686145181,609647454,4103,363499--359681
515150051University of Edinburgh Business SchoolUK26107,332843682---5770,897555366--406895
515952054St Petersburg University, Graduate School of ManagementRussia---53153,955633361,8781,1949111--54696
544248048Lancaster University Management SchoolUK2984,38010,116808---4957,4212,677492--355795
556464061IESEG School of ManagementFeatured business schoolFrance------2667,5642,235500--4687100
5660--Trinity College Dublin, Trinity Business SchoolIreland43101,48914---3074,82722,308604--495997
575459057University of Bath School of ManagementUK3490,4093,988711---5558,992203503--376899
58---IBS-Moscow RanepaRussia---29316,00949-----501798
585755057TBS (Toulouse Business School)France / Spain / Morocco---5497,456265062,012361381--495293
586468063IAE Aix-Marseille Graduate School of ManagementFrance------3461,828255472--5035100
587866067Koç University Graduate School of BusinessTurkey---28271,10663-----512994
623939047NHH Norwegian School of EconomicsNorway---55135,28233--was 75,908-was 461943273798
636164063Maastricht University School of Business and EconomicsNetherlands------4174,4882,639432--315797
6369--Tilburg University, School of Economics and ManagementNetherlands------4056,8761,7736612--275392
636967066Sabanci Business SchoolTurkey---46192,05244----283731100
637993078Excelia Business SchoolFrance------3960,4546,839424-42516197
67---Universidad Carlos III de MadridSpain------4355,28191--4633100
685656060Rennes School of BusinessFrance------4563,988808502--328992
6981--University of ZurichSwitzerland---38156,50838-----1689100
706161064Solvay Brussels School of Economics and ManagementBelgium------5663,8731,81048438-264292
707673073Essca School of ManagementFrance / Hungary / China------4759,4611,382380--445395
726969070MBS (Montpellier Business School)France------5159,459969383--436596
73---ZHAW School of Management and LawSwitzerland------5475,18019--284568
737573074Institut Mines-Télécom Business SchoolFrance------5262,75162320--485695
75---Lund University School of Economics and Management (Lusem)Sweden------6176,82336--332287
756358065Leeds University Business SchoolFeatured business schoolUK--was 92,517-was 75---5753,5535,9206512--444988
757473074University of CologneGermany------6093,078412403--2112100
757977077Hanken School of EconomicsFinland------5955,840774525--382395
796762069Porto Business School, University of PortoPortugal---5995,72434---402935694
808181081Burgundy School of BusinessFrance------6256,572541482--454487
818579082EM Strasbourg Business SchoolFrance------6357,1192,014382--584091
828983085University of Ljubljana, School of Economics and BusinessSlovenia------6447,1517,6308625--51879
838169078Louvain School of ManagementBelgium------6855,4881,530570--3324100
838178081EM Normandie Business SchoolFrance------6755,2211,573373--434093
85-85-DCU Business SchoolIreland------7150,91457--532983
85-94-University of Glasgow: Adam SmithUK4381,99942---7440,43661--407187
859288088Luiss UniversityItaly------6953,743691756--311981
88---Paris School of BusinessFrance------7258,39739--525678
8892--Birmingham Business SchoolUK4089,2981,8565220--------394893
90---Aston Business SchoolUK4185,62594--------334371
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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.

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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