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EMBA 2020

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Executive MBA Ranking 2020

	Rank in 2020	Rank in 2019	Rank in 2018	Three-year average rank	School name	Country	Programme name	Average salary ($)^[1]	Salary growth (%)^[2]	Careers^[3]	Work exp.^[4]	Aims achieved	Female faculty (%)	Female students (%)	Women on board (%)	Intl. faculty^[5]	Intl students (%)	Intl. board^[6]	Intl. course^[7]	Extra languages	PhD faculty^[8]	Research^[9]	CSR rank	Overall satisfaction **	FT ranking tier
	1	2	1	10	Kellogg/HKUST Business School	Hong Kong SAR (China)	Kellogg-HKUST EMBA	528,05715,043	674	855	39	790	281	3412	389	733	711	874	361	0	1001	191	393	9.45	I
	2	5	5	44	Ceibs	China / Switzerland / Ghana	Global EMBA	482,67436,179	8714	1912	202	780	303	436	437	803	7011	647	144	0	1000	535	6911	8.94	I
	3	1	6	3	HEC Paris	France / Qatar / China	HEC Paris International EMBA	371,78934,360	818	65	116	791	224	246	420	723	832	830	91	0	1000	156	134	9.36	I
	4	3	2	30	Trium: HEC Paris/LSE/NYU: Stern	France / UK / US / China	Trium Global EMBA	420,79630,970	603	303	21	801	302	316	300	612	9010	534	10	0	931	184	6713	9.23	I
	5	9	3	61	Tsinghua University/Insead	China / Singapore / France / UAE	Tsinghua-Insead Dual Degree EMBA	372,148660	658	1619	41	821	270	322	130	492	644	745	111	1	981	305	103	9.20	I
	6	11	8	80	Shanghai Jiao Tong University: Antai	China	SJTU Antai EMBA	451,74441,179	1236	8425	7519	791	362	396	121	21	10	262	707	0	940	764	728	9.44	I
	7	14	11	111	ESCP Business School	France / Germany / Italy / Lebanon / Spain / UK	EMBA	272,85223,142	780	13	272	822	380	322	6728	833	838	7833	50	0	1000	677	39	9.48	I
	8	12	9	101	Iese Business School	Spain / US	Global EMBA	364,96683,425	4128	7815	100	805	301	336	280	9712	942	910	40	1	1000	373	11	9.67	I
	9	19	13	141	Insead	France / Singapore / UAE	Global EMBA (GEMBA)	311,88226,374	467	4011	60	762	201	311	380	930	881	880	161	1	981	85	60	8.89	I
	10	4	4	63	EMBA-Global Asia: Columbia/HKU/LBS ‡	US / UK / Hong Kong SAR (China)	EMBA-Global Asia	324,19214,533	8513	2522	3013	814	241	0 ‡21	240	551	0 ‡77	440	31	0	970	141	847	9.04	I
	11	12	25	169	Arizona State University: Carey	China	Carey / SNAI EMBA	384,7387,130	7719	154	772	795	281	404	195	961	00	10098	834	0 *	842	235	287	9.48	I
	12	16	12	131	IE Business School	Spain	Global EMBA	309,03127,117	4611	6617	11	722	401	263	500	701	819	960	70	0	1000	4212	21	8.74	I
	13	8	14	121	London Business School	UK / UAE	EMBA	273,37718,646	6117	2715	347	781	281	222	432	840	881	760	290	0	990	73	405	9.49	I
	14	22	16	173	UCLA: Anderson/National University of Singapore	US / Singapore	UCLA-NUS EMBA	320,99418,196	532	5917	88	770	270	279	162	520	675	111	60	0	931	162	2020	8.26	II
	15	24	29	235	CUHK Business School	Hong Kong SAR (China)	EMBA	306,7089,985	563	416	4310	761	314	4816	500	530	359	1000	484	0	990	277	225	9.19	II
	16	7	6	103	Washington University: Olin	China	Washington University-Fudan EMBA	334,69637,128	598	562	213	712	304	463	5514	912	213	902	318	0	970	103	501	9.35	II
	16	34	28	262	Kellogg/WHU Beisheim	Germany	Kellogg-WHU EMBA	237,17733,090	7523	511	173	801	272	196	379	761	6010	842	242	0	1001	285	369	9.58	II
	18	10	17	153	University of Oxford: Saïd	UK	University of Oxford EMBA	235,28955,305	6722	2417	135	814	231	3712	422	693	834	707	373	0	1000	2413	311	9.19	II
	19	27	38	280	Korea University Business School	South Korea	EMBA	366,52621,797	917	940	6012	810	60	226	350	72	00	540	492	1 *	1000	861	905	9.73	II
	20	6	14	135	EMBA-Global: Columbia/LBS ‡	US / UK	EMBA-Global Americas & Europe	283,04134,279	6917	5126	2312	812	242	0 ‡29	231	670	0 ‡82	460	80	0	961	33	777	9.17	II
	21	-	40	-	Fudan University School of Management	China	Fudan EMBA	389,248	82	96	74	69	34	33	6	8	2	71	74	1 *	97	57	75	9.33	II
	22	-	22	-	Singapore Management University: Lee Kong Chian	Singapore	EMBA	375,346	47	72	15	72	25	21	33	62	52	53	27	0	98	39	24	9.29	II
	22	24	18	211	Warwick Business School	UK	EMBA	191,0525,593	805	105	4613	781	373	349	330	801	567	220	5611	0	1000	218	270	9.06	II
	24	-	20	-	University of Pennsylvania: Wharton	US	Wharton MBA for Executives	234,239	63	33	70	80	25	32	21	37	31	49	76	0	100	1	86	9.58	II
	25	34	51	376	Yonsei University School of Business	South Korea	EMBA	350,41713,487	10817	5014	6615	721	132	912	460	110	00	770	575	1 *	1000	775	327	9.48	II
	26	23	23	243	National University of Singapore Business School	Singapore	The NUS EMBA	340,48811,372	531	943	122	771	280	251	290	610	899	290	261	0	891	299	348	9.26	II
	27	27	29	283	BI Norwegian Business School/Fudan University School of Management	China	BI-Fudan MBA	251,69913,811	1158	4723	9310	753	320	621	153	671	41	7721	351	0	860	667	790	9.05	II
	28	36	40	354	Columbia Business School	US	EMBA	247,5648,473	675	2358	1000	813	213	361	170	550	341	361	764	0	950	20	633	9.42	II
	29	20	21	230	IMD Business School	Switzerland	IMD EMBA	255,20223,134	4710	5512	51	770	213	222	201	980	936	841	121	1	1000	622	179	9.54	II
	30	31	37	334	Imperial College Business School	UK	EMBA	174,6307,588	708	340	713	781	271	250	504	961	759	752	1918	1	1000	342	217	9.12	II
	31	18	25	256	University of Cambridge: Judge	UK	The Cambridge EMBA	231,03619,027	6226	31	366	802	200	282	455	692	674	363	646	0	970	357	6210	9.06	II
	32	45	47	415	Essec Business School/Mannheim Business School	France / Germany / Singapore	Essec & Mannheim EMBA	197,07328,035	6516	2019	183	793	332	317	588	421	693	588	101	0	1001	610	581	9.25	II
	32	48	45	428	WU Vienna: Executive Academy/University of Minnesota: Carlson	Austria	Global EMBA	205,67426,608	6431	1861	72	790	360	3212	342	551	719	910	121	0	911	461	6011	9.12	II
	34	29	25	294	Duke University: Fuqua	US	The Duke MBA — Global Executive	195,87412,191	522	5719	9221	791	230	4714	210	452	353	551	21	0	970	52	7147	9.39	II
	35	42	49	424	UCLA Anderson School of Management	US	EMBA	239,25124,028	511	376	6715	782	262	355	143	370	189	91	513	0	1000	45	254	9.55	II
	36	26	31	313	City, University of London, The Business School (formerly Cass)	UK / UAE	EMBA	186,86814,231	5813	144	6514	791	312	478	500	821	688	570	467	0	941	505	4514	8.98	II
	37	33	32	343	Kellogg/York University: Schulich	Canada	Kellogg-Schulich EMBA	179,1934,275	576	7427	2412	743	260	366	305	811	676	762	160	0	1001	190	429	9.45	II
	37	41	35	382	HKU Business School	Hong Kong SAR (China)	HKU-Fudan MBA (International)	239,05217,551	1024	386	963	720	241	592	250	322	01	250	834	0	980	4110	839	8.74	II
	39	38	39	393	ESMT Berlin	Germany	ESMT Berlin EMBA	200,26412,202	583	3117	6127	743	136	4117	250	710	672	500	220	0	1000	451	125	9.54	II
	40	40	42	41	Georgetown University: McDonough	US	EMBA	197,7487,898	521	2216	446	774	290	3613	150	442	171	252	6822	0	1000	262	735	9.36	II
	41	39	36	392	Kedge Business School	France / China	EMBA	190,28611,434	7512	424	7610	730	343	408	500	511	164	460	4219	0	1002	781	304	8.95	II
	42	-	43	-	New York University: Stern	US	NYU Stern EMBA	234,656	52	44	69	72	27	41	21	45	34	37	58	0	87	12	52	9.23	II
	43	54	59	523	Rotterdam School of Management, Erasmus University	Netherlands	EMBA	148,6736,785	648	264	914	791	283	294	285	543	570	230	594	0	982	219	847	8.80	III
	44	43	33	403	University of Michigan: Ross	US	EMBA	277,76812,264	473	6028	422	762	316	270	121	350	154	82	834	0	921	170	981	9.10	III
	45	69	80	6513	Edhec Business School	France	Edhec EMBA	153,83623,748	5611	3226	290	751	322	311	430	627	396	870	405	1	983	794	150	9.55	III
	46	53	56	521	Cornell University: Johnson/Queen's University: Smith	US / Canada	EMBA Americas	194,5563,625	564	1134	586	761	260	251	281	462	326	410	341	0	910	372	953	9.39	III
	47	44	55	491	University of St Gallen	Switzerland	EMBA HSG	181,4345,758	505	121	356	802	203	1610	500	791	5011	500	513	1	1000	608	51	9.55	III
	47	65	84	657	SDA Bocconi School of Management	Italy	EMBA	212,74717,037	504	625	7816	703	390	232	440	391	104	780	667	1 *	990	326	1942	9.43	III
	49	60	61	579	Koç University Graduate School of Business	Turkey	EMBA	271,10645,652	633	689	894	713	512	196	160	295	410	630	787	0	940	816	559	8.98	III
	50	29	47	426	University of Toronto: Rotman	Canada	EMBA	153,01611,916	498	3930	401	774	282	2119	4511	771	264	4514	8351	0	990	135	7343	8.89	III
	51	62	49	544	Incae Business School	Costa Rica	EMBA	180,43024,219	6114	731	904	723	222	258	299	8911	8611	9113	150	1 *	1003	940	485	9.38	III
	52	-	-	-	IBS-Moscow Ranepa	Russia	Russian EMBA Strategy & Leadership	316,009	49	98	80	63	50	33	56	17	21	50	54	0	98	98	59	9.53	III
	53	52	-	-	Indian School of Business	India	PGP In Management For Senior Executives (PGPMAX)	357,3643,698	452	839	280	672	150	208	61	150	54	593	314	0	1002	647	1002	8.78	III
	54	50	57	54	Copenhagen Business School	Denmark	CBS EMBA	180,02414,314	455	777	148	741	312	237	369	473	6019	90	382	0	982	330	539	9.17	III
	55	62	85	679	Antwerp Management School	Belgium / Russia	International EMBA	186,2041,796	522	6921	5324	766	393	348	254	2412	223	692	210	0	944	916	166	8.66	III
	56	47	-	-	University of Cape Town Graduate School of Business	South Africa	MBA specialising in Executive Management	290,24111,265	3411	4333	3811	693	302	429	422	523	912	336	834	0	854	839	116	8.69	III
	56	51	44	507	FGV/XMU/Egade/RSM/MHBS	Brazil / China / Mexico / Netherlands / US	OneMBA: FGV / XMU / Egade / RSM / MHBS	194,80771	561	5336	257	712	292	3111	204	2212	3510	218	181	0	912	653	7810	8.90	III
	58	-	-	-	University of California at Irvine: Merage	US	MBA for Executives	161,500	37	2	85	73	45	36	31	35	9	11	44	0	94	24	9	9.60	III
	59	55	63	598	EMLyon Business School	France / Morocco / China	EMBA	126,9526,854	415	2820	910	762	351	324	380	550	180	850	451	0	991	725	415	9.42	III
	60	49	62	570	Western University: Ivey	Canada	Ivey EMBA	190,98114,323	614	4530	6416	731	266	293	223	535	146	197	8323	0	8811	362	7417	8.33	III
	60	66	68	651	Stockholm School of Economics	Sweden	SSE MBA Executive Format	132,9363,018	526	584	269	781	260	400	373	381	425	322	251	0	981	693	3815	9.10	III
	62	66	68	654	University College Dublin: Smurfit	Ireland	UCD Smurfit EMBA	145,3905,057	664	2119	826	792	321	2310	383	391	179	554	834	0	990	701	767	9.00	III
	63	62	60	623	Grenoble Ecole de Management	Georgia / Russia	Executive Part-Time MBA	145,433373	7810	932	983	714	474	6033	530	525	32	730	291	0	912	753	2918	7.94	III
	63	56	72	642	University of Washington: Foster	US	EMBA	173,44316,347	376	710	5732	770	350	303	243	311	170	72	786	0	911	61	908	9.60	III
	63	61	74	662	Kozminski University	Poland	EMBA	211,4122,748	558	7611	632	772	391	392	150	170	125	620	646	0	880	990	668	9.09	III
	66	-	77	-	University of Texas at Austin: McCombs	US	Texas McCombs EMBA	196,500	41	7	33	74	23	21	17	31	17	2	83	0	84	9	96	8.87	III
	66	74	-	-	University of Zurich	Switzerland	EMBA University of Zurich	156,508256	383	3639	398	790	163	3211	500	891	409	500	472	0	1000	436	851	9.42	III
	66	68	58	645	Henley Business School	UK / Finland / Denmark / Germany	Henley EMBA — Global	152,910736	4411	4610	5011	750	481	384	382	592	7554	382	834	0	932	829	469	9.17	III
	69	-	90	-	Tias Business School, Tilburg University	Netherlands	EMBA	151,611	51	35	31	80	30	30	40	48	32	20	50	0	96	95	18	8.88	III
	69	58	66	643	Melbourne Business School	Australia	EMBA	185,13113,240	4411	4912	525	730	311	291	136	684	3923	205	754	0	960	554	908	9.03	III
	71	-	46	-	University of Maryland: Smith	US	EMBA	202,938	47	17	54	73	33	35	32	32	5	9	83	0	88	30	88	9.55	III
	72	-	-	-	Mannheim Business School	Germany	Mannheim EMBA	162,256	37	29	59	74	29	33	60	23	47	0	39	0	100	51	54	9.00	III
	73	73	75	743	Vanderbilt University: Owen	US	EMBA	155,4155,848	727	6336	862	761	282	362	111	152	49	33	679	0	960	4610	815	8.93	III
	74	72	75	740	Emory University: Goizueta	US	EMBA	185,50014,511	455	4124	5510	752	330	332	192	221	274	00	715	0	946	520	971	9.25	III
	75	70	78	741	HEC Lausanne, University of Lausanne	Switzerland	EMBA	147,5778,752	419	9012	163	771	251	272	1712	830	683	3310	735	0	1000	630	648	9.61	III
	76	80	93	835	Frankfurt School of Finance and Management	Germany	EMBA	152,5221,628	474	7913	4515	814	191	276	200	283	516	300	834	0	1000	580	809	9.24	III
	77	74	80	774	University of Minnesota: Carlson	US	Carlson EMBA	181,987604	423	5419	3717	780	273	294	300	220	2214	160	833	0	784	111	877	9.29	III
	78	89	-	-	BI Norwegian Business School	Norway	BI EMBA	146,8462,162	475	865	3217	740	310	3811	5013	291	473	1313	191	0	800	678	4941	8.66	III
	79	-	-	-	Fordham University: Gabelli	US	Fordham Gabelli EMBA	179,954	54	88	95	71	38	54	18	31	22	8	54	0	86	73	56	9.32	IV
	79	84	89	844	Rutgers Business School	US	Rutgers EMBA	198,85210,219	484	1313	4942	772	264	365	132	153	2615	0 ‡‡13	822	0	734	561	6820	9.36	IV
	81	93	-	-	Lingnan (University) College at Sun Yat-sen University	China	EMBA	303,19239,958	570	973	884	675	241	348	220	11	03	183	8322	1	980	884	6021	9.31	IV
	81	80	-	-	Queen's University: Smith	Canada	Smith EMBA, National Program	155,7131,913	470	6427	734	730	271	377	300	462	264	400	625	0	880	4915	895	9.14	IV
	83	85	65	7810	University of Strathclyde Business School	Switzerland / Greece / UAE / Oman / Bahrain / Malaysia / Singapore	Strathclyde EMBA	181,60919,462	642	808	942	642	351	397	334	960	405	2518	834	0	810	963	478	8.97	IV
	84	94	-	-	Sabanci Business School	Turkey	Sabanci EMBA	192,0529,806	442	953	845	670	371	3912	640	315	61	180	424	0	1000	902	3329	9.04	IV
	85	91	82	862	Vlerick Business School	Belgium	EMBA	149,53418,245	489	4837	796	752	281	201	1812	381	294	412	331	0	981	871	5114	9.10	IV
	86	76	71	782	Neoma Business School	France / Iran	Global EMBA	116,38118,067	366	8535	4825	730	420	244	500	723	1811	750	2814	1	1001	922	143	9.41	IV
	87	70	73	77	Hult International Business School	US / UK / UAE	EMBA	183,8346,987	4111	7010	416	701	364	362	270	914	953	739	5928	0	630	991	235	8.68	IV
	88	-	64	-	Cranfield School of Management	UK	EMBA	125,130	59	67	68	75	31	30	25	54	28	20	83	0	95	93	93	9.55	IV
	88	92	93	913	Aalto University	Finland	Aalto EMBA in Helsinki	144,7237,897	355	897	197	732	361	508	430	311	90	430	834	0	923	7020	707	9.54	IV
	90	79	82	843	Michigan State University: Broad	US	Broad EMBA	150,023635	487	6115	873	762	342	250	311	315	91	0 ‡‡0	834	0	853	432	266	9.22	IV
	91	83	-	-	Georgia State University: Robinson	US	EMBA	163,6751,775	376	652	7219	751	321	312	313	342	142	151	636	0	841	408	6523	9.32	IV
	92	-	-	-	The Lisbon MBA Católica/Nova	Portugal	EMBA	114,860	50	81	97	69	38	34	40	32	20	0	80	0	100	73	44	7.70	IV
	93	-	-	-	St Petersburg University, Graduate School of Management	Russia	EMBA	153,955	63	100	83	76	54	17	14	6	13	21	53	0 *	96	97	41	8.50	IV
	94	98	97	961	University of Utah: David Eccles	US	EMBA	164,9867,210	430	7517	626	751	321	367	292	280	25	92	8122	0	791	467	4316	9.04	IV
	95	-	-	-	Indian Institute of Management Bangalore	India	PGP in Enterprise Management	223,068	66	82	99	65	18	17	36	7	0	18	83	0	100	83	94	8.95	IV
	96	95	100	970	TBS (Toulouse Business School)	France	EMBA	97,4565,756	269	9111	5119	752	492	297	477	521	1116	189	237	0 *	930	881	818	9.23	IV
	97	-	-	-	University of Tennessee: Haslam	US	EMBA	190,000	26	99	22	78	36	27	24	15	12	0	68	0	81	53	99	9.71	IV
	98	86	98	943	NHH Norwegian School of Economics	Norway	EMBA	135,2827,188	3317	524	5611	724	272	313	360	372	26	279	419	0 *	982	832	5728	9.32	IV
	99	-	-	-	Auburn University: Harbert	US	EMBA	159,475	41	92	47	73	30	25	26	10	0	0	59	0	100	59	37	9.19	IV
	100	-	-	-	Politecnico di Milano School of Management	Italy	EMBA	136,343	49	87	81	69	41	11	50	11	6	67	71	1	83	80	35	8.53	IV
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Table notesSome 220 points separate the top programme, at the Kellogg/HKUST Business School, from the school ranked 100.

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 13 schools from Kellogg/HKUST Business School to London Business School. Tier ll includes schools from UCLA: Anderson/National University of Singapore, ranked 14, to New York University: Stern in 42nd position. Tier lll, headed by Rotterdam School of Management, Erasmus University, spans schools ranked 43 to 78. Tier lV includes schools from Rutgers Business School in joint 79th place to Politecnico di Milano School of Management at 100. * Programme not fully available in English. ** Data in this column are for information only and are not used in the rankings. ‡ After the deadline, Columbia submitted updated figures for female and international participants, which are respectively: 37% and 78% for EMBA-Global Asia: Columbia/HKU/LBS and 28% and 87% for EMBA-Global. These new data have not been included in the table and the overall ranking of business schools has not been recalculated. ‡‡ No data available. This table was amended on October 26 2020 to clarify that Hong Kong is an SAR within China.

Footnotes

1. The average alumni salary three years after graduation. (The 2020 EMBA ranking is based on data for alumni completing in 2017.) This figure includes alumni salary data for the current year and the one or two preceding years, where available.

2. The percentage increase in average alumni salary from before the EMBA to today as a percentage of the pre-EMBA salary. This figure includes data for the current year and the one or two preceding years, where available.

3. This is calculated according to changes in the level of seniority and the size of the company alumni are working in now versus before their EMBA. Data for the current year and the one or two preceding years are included where available.

4. This measures the previous experience of EMBA participants by examining seniority of positions held, number of years in each position, size of company, and any international work experience prior to starting the EMBA.

5. The percentage of faculty whose citizenship differs from their country of employment

6. The percentage of the board whose citizenship differs from the country in which the business school is based

7. International course experience: The percentage of classroom teaching hours that are carried out outside the country in which the business school is situated. The data is presented as a rank and the top position is one.

8. The percentage of faculty with a doctoral degree

9. This is calculated according to the number of faculty publications in 50 international academic and practitioner journals. Points are accrued by the business school at which the author is currently employed. The total is weighted for faculty size.

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