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Global MBA Ranking 2021

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Rank in 2021
Rank in 2020
Rank in 2019
Three-year average rank
School name
Country, by primary campus
Audit year[1]
Salary today($)[2]
Weighted salary ($)[3]
Salary increase (%)[4]
Value[5]
Careers[6]
Aims achieved (%)
Careers service rank
Employed at three months (%)
Recommends[7]
Female faculty(%)[8]
Female students(%)[9]
Wom. Board
Int. faculty(%)[10]
Int. students(%)[11]
Int. board(%)[12]
Int. mobility[13]
Int. course[14]
Extra languages
PhD faculty[15]
Research[16]
Corporate social responsibility rank
Overall Satisfaction
14303InseadFeatured business schoolFrance / Singapore20200190,6808,074188,4327,1559657127088240683 (97)1322235141391294286261532980315109.3
27605London Business SchoolFeatured business schoolUK20200178,1906,672177,2345,7421032982175911271088 (99)23303362441851922760901680990154139.32
310707University of Chicago: BoothUS20170204,6517,562200,2878,60812128314669013491 (97)451913821613204021914743948095121529.53
41312010Iese Business SchoolFeatured business schoolSpain20190166,10415,233166,81115,46413112871254890113979 (95)134312321291721832903122841100053119.84
41411010Yale School of ManagementUS20180189,3159,218186,8878,0581335808361390130586 (100)752613932404514044224911318010001125119.46
61114010Northwestern University: KelloggUS20190191,7446,379190,9754,537102792625108927193 (100)35241403463540366243658281001000618519.43
75506CeibsChina20190172,31612,415178,5586,54515631511283861491091 (100)26829240046106213316912426156110005817298.91
7919012HEC ParisFeatured business schoolFrance20190170,8376,322168,4363,907118151549986180790 (85)108299365420664941830811942973201579.25
91619015Duke University: FuquaUS20170178,0003,900177,8953,825121293152189117591 (99)562624632204113815525356016096095669.47
101615014Dartmouth College: TuckUS20180183,8335,233182,9885,1691066972311190123692 (100)962614973314023713836383060980131369.5
111823017University of Virginia: DardenUS20190182,6239,577179,1768,936135774259590014491 (99)15627238225030224924170953220950511149.56
122931024SDA Bocconi School of ManagementItaly20190155,47515,071155,47515,071126631957982547092 (97)35837235236842365982411511519903114279.42
132225020New York University: SternUS20190174,9808,916175,2398,847127595239790115289 (93)124281436211473321241160743100882162549.49
141517015National University of Singapore Business SchoolFeatured business schoolSingapore20160161,1686,780160,7296,3411381023142387277278 (100)287303343131665393350212131310901356418.8
152327022Cornell University: JohnsonUS20170174,2997,741174,0988,0631285764482389191090 (97)188177314223503423421699291801006253709.73
161916017University of Cambridge: JudgeUK20170170,0285,918167,6104,9488789315089148190 (90)29720037248271490433013156209924011189.11
172113017University of Oxford: SaïdFeatured business schoolUK20180153,8127,512151,8954,84485182511200890731295 (85)2382214733906719348141945819010002331209.03
173129026Georgetown University: McDonoughUS20200161,9206,393161,5126,614132286555488235390 (94)336290322161440372214569542701000389239.29
192522022IMD Business SchoolSwitzerland20200164,2763,887160,7684,34768111812090128387 (100)1952013462009809918412141901000706439.4
202421022Esade Business SchoolSpain20190142,739978143,7213,0351134781192880601691 (98)2483612811500472983930717211000813169.25
213028026University of Michigan: RossUS20190166,7032,164167,3363,0001031291276190113288 (94)86290432121331239826110472309111411489.39
221918020HKUST Business SchoolHong Kong SAR (China)20160153,0695,210151,7585,2671094361221286282486 (85)3742913342005006045701741220990425848.68
232824025Indian School of BusinessIndia20216163,550141161,34917517315544215851391100 (97)21613340194160202735873632901002775978.98
243646035University of Southern California: MarshallUS20200162,8367,750164,5195,9421183963451590033691 (93)411351393130330162430886743908302122539.33
254454041Washington University: OlinUS20200142,34011,133142,34011,13311757158516880721173 (89)7712634635217394389577557663097018308.76
263952039University of North Carolina: Kenan-FlaglerUS20160153,7995,441151,4313,49112827926810891291384 (100)2543213122633701411308063615085024199.14
273135031Carnegie Mellon: TepperUS20190157,4602,808155,0155,11312428288079008387 (100)16730325827541035101896812273509404114679.42
284749041University of Washington: FosterUS20200146,5663,117146,1913,11711126968612872451394 (100)4823413742543422410928327813093242639.51
295641042HKU Business SchoolHong Kong SAR (China)20190133,3113,609133,3113,609127146002410841591391 (95)75123057625033061372582966009804522918.67
304559045Alliance Manchester Business SchoolFeatured business schoolUK20200133,9563,002130,6951,95010124661120881191776 (83)6443233805005358926703102540951711859.14
314552043Vanderbilt University: OwenUS20190155,0386,999155,0386,9991201275143029104292 (97)44529032532231528129399072109605416769.35
323334033Fudan University School of ManagementChina20190121,1989,843121,1989,843190134071610871212190 (100)6553415616080837109612031971744879.31
324336037Warwick Business SchoolUK20200128,75211,705128,75211,705762124507844261296 (88)407392401330814901110252351411000282228.87
325756048Rice University: JonesUS20190161,15612,420161,15611,824967681382890137790 (98)46729134428113852541111711801309413513999.58
352733032Indian Institute of Management BangaloreIndia20200171,90311,800171,90311,80012730455185830691992 (100)11819011123607100180768864701000935939.18
355442044Sungkyunkwan University GSBSouth Korea20190147,15218,964147,15218,96494416111318245491 (95)9911815035846815857526413171011000916749.11
373530034Nanyang Business School, NTU SingaporeSingapore20160134,2132,152134,2132,15210712273711282271794 (96)44833240341467189245836623121981622597.96
384043040Indiana University: KelleyUS20170139,5134,412140,8183,7691191449190129006386 (92)32426035225229125112946785029077287699
395231041IE Business SchoolFeatured business schoolSpain20190134,566265134,59682680364529480199195 (93)178443364500701952960284463211000492468.35
403439038University of Florida: WarringtonUS20180128,3753,875128,3753,875128281066349021191 (100)814261382130312172009838680962276759.47
404037039University of Texas at Austin: McCombsUS20216153,922420154,0532,1219268411738890121586 (100)146262346171310199109013730842121359.09
426548052University of California at Irvine: MerageUS20160138,9463,776138,9463,776117470277890134264 (100)865450573031134121101114518451009221916808.59
43-65-Michigan State University: BroadUS2020130,720130,7201721963874182 (100)5531333235230†828608765899.4
444249045Indian Institute of Management CalcuttaIndia20200167,0451,145167,0451,14512993317283355498 (100)208230110272410013178986501000982718.7
445539046Imperial College Business SchoolFeatured business schoolUK20180125,0512,793125,0512,7937285034017912761980 (97)311325543105012961865792226644511000441578.98
466066057Babson College: OlinUS20180154,5466,391154,5466,39111337213087084981 (85)276380291201171611917441862230813798869.25
475963056Pennsylvania State University: SmealUS20170131,0182,465131,0182,465134342751902361290 (98)612300388211158191733521286460831380729.5
485057052CUHK Business SchoolHong Kong SAR (China)20215123,1751,428123,1751,4281145669345845831482 (90)8133343814305458285902332112440990336588.33
486147052Indian Institute of Management AhmedabadIndia20200192,3905,524192,3905,5248745212579397296 (96)67183285360100100590864601000945928.65
504738045Emory University: GoizuetaUS20200147,1862,183147,1862,346105148119792589118290 (99)308320301254231291844660421509405610939.44
516768062Boston University: QuestromUS20180133,2864,590133,2864,5901261055178287289585 (86)4743414821303324335065110702007202222388.36
527372066University of Maryland: SmithUS20200138,7507,108138,7507,108115263493088052981 (100)7813414493023252912112771277110852321398.84
533751047Shanghai Jiao Tong University: AntaiChina20190123,8126,924123,8126,924159423825613840511598 (97)71333250112120311226293621191940897659.33
546471063WHU – Otto Beisheim School of ManagementGermany20215125,366128125,366128895205547891321374 (96)6942973982193327641311823001000842428.83
55-67-Boston College: CarrollUS2019143,692143,6921177314906776 (96)583531832100958107726100†9.13
567284071Ohio State University: FisherUS20200135,9581,214135,9581,21411024378925860571484 (99)65237636026026412114046447914066128429.31
57-62-Arizona State University: CareyUS2020130,066130,0661141895885687 (100)4328451930451747508434248.9
586343055Singapore Management University: Lee Kong ChianSingapore20200121,2796,240121,2796,240115103114741586165867 (92)53724135143306417715303475710980578958.73
587177069Mannheim Business SchoolFeatured business schoolGermany20200121,3243,091121,3243,091896101831686185695 (89)5742804625600241923202056264201000720268.9
607683073University of Rochester: SimonUS20160132,0843,679132,0843,679135553438286079391 (92)9202224207038139420738465170732672969
615064058City, University of London, The Business School (formerly Cass)Featured business schoolUK20170131,4392,859131,4392,24076174810412586162981 (80)60633341750074080257033769410941647468.89
625360058Georgia Institute of Technology: SchellerUS20170141,1412,555141,1412,55510632441894158632390 (100)497270337281281297918418630810464849.17
636655061Rotterdam School of Management, Erasmus UniversityFeatured business schoolNetherlands20160117,7532,378118,4452,49073335849184292270 (97)3883134352855149902523159260953188478.1
646869067University of St GallenSwitzerland20213128,1451,123128,1451,12362111417222872812770 (100)5622043375008019125001255140100075588.25
6447--Shanghai University of Finance and Economics: College of BusinessChina2021105,64813,883105,64813,883189273935137351617100 (95)89233358427050114550946673019808013688.81
667492077SMU: CoxUS20160143,1548,495143,1548,4951005777532390038677 (95)74929040615433912231486771340931867769.02
67---Tsinghua University School of Economics and ManagementFeatured business schoolChina2021150,021149,531818926774485 (100)543446553268752209776649.38
687090076George Washington UniversityUS20215122,9916,365122,9916,365111488370588186587 (94)7033015717290314402106502461250951557498.38
695758061University of Notre Dame: MendozaUS20160135,4585,466135,4585,46611329651935286425378 (95)651025231714118214236079434260800499449.13
6977--University of Connecticut School of BusinessUS20180131,8682,225131,8682,225112247278818826963173 (100)10003244172263113025002032861308214714607
718378077Brigham Young University: MarriottUS20200133,7731,134133,4912,158135123871988063192 (100)4231102548010842089983130912663459.59
717881077University of Minnesota: CarlsonUS20190132,700574132,700574921613892488120388 (98)72328031730023019116092044300772713618.69
738196083University of Texas at Dallas: JindalUS20180120,9519,345120,9519,3459014307100084687993 (100)903281331516351220168239886120821512508.16
746243060Durham University Business SchoolFeatured business schoolUK20170111,213707111,213707862163321282161673 (95)8853732532435681896861140476361971874149.4
759485085University of Toronto: RotmanCanada20200107,4788,315109,61310,2537751000583084193072 (96)228303442458781684451835238260972109828
767473074University of Pittsburgh: KatzUS20200116,5536116,553610930426841188068174 (100)970331532419026330121206268240881478198.91
7688--Edhec Business SchoolFeatured business schoolFrance20170112,3687,631112,3687,63157131711567832641294 (96)85531136350763599588115144830098392338.66
78---Eada Business School BarcelonaFeatured business schoolSpain2017113,706113,7061112923829891 (87)94373930539743443209095218.8
798870079AGSM at UNSW Business SchoolAustralia20160108,3761,983108,3761,9836646238111832701082 (89)62140150150074685250010410120960680328.71
808179080ESMT BerlinFeatured business schoolGermany20160115,1761,757115,1761,757613131603187078559 (90)639122381125072496450040518110006113348.89
818893087Essec Business SchoolFrance20180106,7953,059106,7953,0596352219371083475779 (83)5923505995775719447942789411001823258.25
828486084The Lisbon MBA Católica/NovaPortugal20190106,272878106,27287876232102811872581967 (100)8423613124003326611003081001000902739.07
839281085Wisconsin School of BusinessUS20190131,398955131,39895594428498288154676 (99)68425242837126223711797186140751524889.09
84---Ipade Business SchoolMexico2017107,470112,7421738510835081 (100)73104014242443912153100629.43
858699090Texas A & M University: MaysUS20200123,7048,894123,7048,894911924149715850662690 (100)5223102851612111610†0859861407711717908.85
86---Rutgers Business SchoolUS2018132,603132,6031075799892288 (86)8326111627194738407472838.81
878061076Melbourne Business SchoolAustralia20215108,7886,891108,7886,891641021149624881431496 (97)5143122491367028813205241682009606314788.6
87100--University of Georgia: TerryUS20170109,773341109,77334110912686717861104681 (100)9143443115233283122000818861508214310989.54
89-100-William & Mary: MasonUS2018125,204125,2041066761843172 (100)9439293312209588508996559.43
907980083EMLyon Business SchoolFrance2020591,9134,37791,9134,3776912341337841531790 (74)800415420380615913850143402801000852158.68
919187090McGill University: DesautelsCanada20200103,3671,214103,3671,214813903642389094360 (98)36123112811230771811508261633808913723798.69
92-95-Fordham University: GabelliUS2018123,100123,1001059943807472 (100)9638332134399728608783288.86
9393--Miami Herbert Business SchoolUS202110117,6003,600117,6003,60088249411651586191283 (85)981033244614249429858454168620752588178.52
94---Indian Institute of Management IndoreIndia2021155,823155,823695947988100 (91)791424220001004010097819.23
94---University of Cape Town Graduate School of BusinessSouth Africa2013123,604123,604815917910058 (100)87341546543738371408688127.86
96-91-Lancaster University Management SchoolUK201897,06797,06775851842484 (96)93353342589826485209678339.11
978794093Western University: IveyCanada20180112,4802,730110,5861,1967213434691388046586 (95)3452733852015144373595720731908811603378.93
98---Copenhagen Business SchoolFeatured business schoolDenmark2017102,221102,221474144859558 (94)5032403647919168609830318.04
99---Hult International Business SchoolUS2015112,964112,684665847819091 (98)76374225739367231816099408.54
100---Queen's University: SmithCanada201596,89596,895705662894285 (100)39284430484940434908869558.94
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Table notesFootnotes: * KPMG reported on the results of obtaining evidence and applying specified audit procedures relating to selected survey data provided for the Financial Times 2021 MBA ranking for selected business schools. Enquiries about the assurance process can be made by contacting Lori Huber of KPMG at lahuber@kpmg.ca. The specified audit procedures were carried out between October and November 2020. The audit date published denotes the survey for which the specified audit procedures were conducted. ** Data in this column are for information only and are not used in the rankings. † No data available. Some 202 points separate the top programme, at Insead, 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 14 schools from Insead to National University of Singapore Business School. Tier ll includes schools from Cornell University: Johnson, ranked 15, to Babson College: Olin in 46th position. Tier lll, headed by Pennsylvania State University: Smeal, spans schools ranked 47 to 82. Tier lV includes schools from Wisconsin School of Business in 83rd place to Queen's University: Smith at 100.
Footnotes

1. Indicates the most recent year that KPMG audited a business school, applying specified audit procedures relating to selected data provided for the Financial Times MBA ranking.

2. The average alumni salary three years after graduation, US$ PPP equivalent. (The 2020 ranking surveyed the MBA class that completed in 2016). Includes data for the current year and the one or two preceding years where available. This figure is not used in the ranking.

3. The average alumnus salary three years after graduation, US$ PPP equivalent, with adjustment for variations between sectors. Includes data for the current year and the one or two preceding years where available.

4. The average difference in alumnus salary before the MBA to now. Half of this figure is calculated according to the absolute salary increase, and half according to the percentage increase relative to pre-MBA salary – the “salary percentage increase” figure published in the table.

5. This is calculated using the salary earned by alumni today, course length, fees and other costs, including the opportunity cost of not working for the duration of the course.

6. This is calculated according to changes in the level of seniority and the size of company alumni are working in now, versus before their MBA. Includes data for the current year and the one or two preceding years where available.

7. This is calculated according to selection by alumni of three schools from which they would recruit MBA graduates. Includes data for the current year and one or two preceding years where available.

8. Percentage of female faculty. For gender-related criteria, schools with a 50:50 (male/female) composition receive the highest score.

9. Percentage of female students on the full-time MBA. For gender-related criteria, schools with a 50:50 (male/female) composition receive the highest score.

10. This is calculated according to the diversity of faculty by citizenship and the percentage whose citizenship differs from their country of employment – the figure published in the table.

11. This is calculated according to the diversity of current MBA students by citizenship and the percentage whose citizenship differs from the country in which they study – the figure published in the table.

12. Percentage of the board whose citizenship differs from the country in which the business school is based.

13. This is calculated according to whether alumni worked in different countries pre-MBA, on graduation and three years after graduation.

14. This is calculated according to whether the most recent graduating MBA class completed exchanges, research projects, study tours and company internships in countries other than where the school is based.

15. Percentage of full-time faculty with a doctoral degree.

16. This is calculated according to the number of articles published by a school’s current full-time faculty members in 50 selected academic and practitioner journals between January 2014 and October 2016. The rank combines the absolute number of publications with the number weighted relative to the faculty’s size.

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