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Global MBA rankings 2007

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	Rank '07	Rank '06^[3]	Rank '05^[3]	3 yr. rank^[3]	Business school name	Country^[3]	Audit year^[4]	Salary today ($)^[5]	Weighted sal. ($)^[6]	Salary inc. (%)^[7]	Value^[8]	Careers^[9]	Aims achieved^[10]	Placements^[11]	Employment^[12]	Recommends^[13]	Wom. faculty^[14]	Wom. students^[15]	Wom. board^[16]	Intl. faculty^[17]	Intl. students^[18]	Intl. board^[19]	Intl. mobility^[20]	Intl. course^[21]	Languages^[22]	PhD faculty^[23]	PhD rank^[24]	Research^[25]
	1	1	1	1	University of Pennsylvania: Wharton	U.S.A.	2003	161,834	160,497	132	77	36	83	19	91 (97)	1	19	36	6	36	45	68	44	25	0^[1]	100	1	2
	2	4	3	3	Columbia Business School	U.S.A.	2003	158,051	149,230	144	82	39	83	20	94 (95)	8	12	35	9	60	42	36	57	74	0^[1]	98	20	5
	3	2	1	2	Harvard Business School	U.S.A.	2003	161,375	156,672	113	83	41	83	31	94 (99)	2	22	35	47	37	33	14	39	56	0	95	21	1
	3	3	4	3	Stanford University GSB	U.S.A.	2005	166,997	167,744	118	99	23	86	11	94 (99)	3	18	32	18	38	43	21	65	35	0	99	4	4
	5	5	5	5	London Business School	U.K.	2004	135,221	135,522	122	96	26	83	66	96 (98)	5	14	28	15	77	88	56	5	10	1^[1]	99	17	11
	6	6	6	6	University of Chicago: Booth	U.S.A.	2007	143,886	139,251	131	92	69	80	4	95 (100)	7	16	31	17	37	46	37	66	38	0^[1]	97	7	3
	7	8	8	8	Insead	France / Singapore	2003	140,238	140,551	94	8	19	82	69	90 (95)	6	11	22	16	89	87	78	3	5	2	97	29	11
	8	7	9	8	New York University: Stern	U.S.A.	2003	134,748	131,349	136	93	86	82	17	92 (100)	11	21	34	13	40	35	3	53	53	0	100	6	8
	9	8	7	8	Dartmouth College: Tuck	U.S.A.	2003	146,977	144,995	132	84	40	86	7	97 (99)	12	26	33	21	19	37	13	61	43	0	100	n/a^[2]	8
	10	11	9	10	Yale School of Management	U.S.A.	2003	136,762	134,733	151	73	73	85	22	92 (100)	22	14	38	21	26	28	8	47	50	0	100	73	23
	11	21	22	18	Ceibs	China	2006	146,410	146,410	159	45	31	77	32	99 (92)	62	8	30	10	68	29	50	99	9	1	95	n/a^[2]	81
	11	12	19	14	IE Business School	Spain	2003	111,587	113,450	149	20	1	81	27	91 (89)	36	31	36	25	45	76	85	25	20	1	88	n/a^[2]	89
	13	14	13	13	IMD	Switzerland	2003	150,157	153,148	91	3	8	82	30	94 (99)	17	9	18	9	100	98	75	1	48	2	96	n/a^[2]	70
	14	10	13	12	MIT Sloan School of Management	U.S.A.	2003	142,858	143,839	119	66	50	84	18	94 (96)	9	18	31	14	33	30	24	46	26	0	100	9	14
	15	35	42	31	University of Cambridge: Judge	U.K.	2007	127,259	127,418	121	6	10	84	58	81 (72)	41	25	31	28	51	92	43	17	79	0	96	16	51
	16	13	12	14	Iese Business School	Spain	2003	107,519	104,284	136	75	9	80	29	98 (95)	19	13	24	9	36	78	88	4	2	1^[1]	97	42	51
	17	19	26	21	UCLA: Anderson	U.S.A.	2005	141,260	140,627	124	61	33	82	16	93 (96)	15	11	28	9	21	30	9	86	55	0	100	30	17
	18	22	37	26	HEC Paris	France	2003	109,840	111,223	125	34	5	82	26	85 (90)	39	21	29	12	34	81	32	6	4	2	88	54	89
	19	17	11	16	Northwestern University: Kellogg	U.S.A.	2002	134,190	132,312	105	70	51	84	2	95 (100)	4	21	31	8	38	28	6	70	34	0	93	8	13
	19	14	16	16	University of Michigan: Ross	U.S.A.	2002	125,123	127,149	114	78	80	84	5	85 (95)	10	30	34	36	22	35	7	51	39	0	95	14	14
	19	20	25	21	University of Oxford: Saïd	U.K.	2004	127,966	127,966	107	15	11	83	65	89 (89)	32	18	21	24	51	95	35	11	31	0	100	65	51
	22	22	44	29	Manchester Business School	U.K.	2004	108,615	106,913	128	43	13	82	53	85 (91)	30	30	24	0	29	90	0	13	6	0	81	2	73
	23	27	18	23	Duke University: Fuqua	U.S.A.	2004	123,651	123,409	115	98	59	82	8	89 (100)	13	19	29	21	41	44	14	73	32	0	99	44	7
	24	27	35	29	Esade Business School	Spain	2003	97,982	97,982	136	51	3	76	64	95 (91)	38	28	29	11	17	76	78	10	13	2^[1]	76	38	91
	25	16	13	18	University of California at Berkeley: Haas	U.S.A.	2007	126,304	126,891	96	86	35	85	9	94 (98)	16	23	35	11	35	40	9	41	52	0^[1]	100	12	8
	26	24	20	23	University of Virginia: Darden	U.S.A.	2004	130,909	131,136	127	80	27	86	3	93 (100)	14	21	21	18	19	27	6	75	69	0	97	77	51
	27	24	21	24	University of Toronto: Rotman	Canada	2002	95,696	96,643	125	38	93	79	48	94 (95)	18	20	30	38	64	36	46	37	60	0	97	18	23
	28	30	39	32	Lancaster University Management School	U.K.	2004	102,957	102,957	114	4	4	79	45	95 (97)	79	23	33	40	31	89	40	23	28	0^[1]	89	11	86
	29	36	24	30	Cornell University: Johnson	U.S.A.	2003	124,633	125,921	107	91	48	83	6	95 (99)	24	25	24	15	34	44	55	59	76	0	95	67	23
	30	24	29	28	Rotterdam School of Management, Erasmus University	Netherlands	2006	103,840	104,062	105	35	24	73	82	99 (81)	40	12	25	18	26	96	36	9	3	1	100	5	81
	30	38	30	33	University of Maryland: Smith	U.S.A.	2004	107,496	108,303	109	46	92	80	56	95 (100)	50	21	28	8	27	35	13	45	89	0	100	26	5
	32	29	17	26	University of North Carolina: Kenan-Flagler	U.S.A.	2007	114,482	115,766	116	58	72	80	15	91 (98)	20	21	27	6	28	30	2	82	36	0	94	34	23
	33	42	27	34	Emory University: Goizueta	U.S.A.	2004	114,504	115,787	115	74	34	82	13	93 (100)	34	28	27	14	20	37	7	76	47	0	96	85	20
	34	36	32	34	Georgetown University: McDonough	U.S.A.	2004	111,159	110,072	129	81	32	82	62	89 (91)	37	31	36	7	28	35	17	60	40	0^[1]	93	n/a^[2]	73
	34	-	60	-	University of Arizona: Eller	U.S.A.	2005	91,137	91,137	142	40	100	76	28	89 (100)	94	33	27	11	21	29	1	69	80	0	93	19	47
	36	52	53	47	Warwick Business School	U.K.	2004	105,001	97,965	102	13	29	78	94	93 (90)	27	38	33	24	41	82	24	27	14	1	94	13	81
	37	46	58	47	Cranfield School of Management	U.K.	2004	119,274	119,688	97	10	7	82	70	94 (100)	25	25	25	50	34	69	40	43	58	1	71	36	86
	38	31	49	39	Michigan State University: Broad	U.S.A.	2002	94,911	94,911	123	49	95	85	1	93 (100)	55	19	31	33	6	37	0	56	83	0	95	49	31
	38	39	48	42	University of Illinois at Urbana-Champaign	U.S.A.	2005	88,450	88,450	120	42	38	77	35	94 (87)	69	24	33	21	29	57	0	74	68	0	99	32	31
	38	40	27	35	University of Rochester: Simon	U.S.A.	2007	110,610	110,157	126	88	74	79	33	91 (91)	65	13	29	11	24	54	31	38	93	0	76	51	62
	41	31	34	35	University of Western Ontario: Ivey	Canada	2002	100,420	98,768	108	31	66	81	51	92 (90)	21	18	35	15	31	23	34	33	17	0	97	68	23
	42	34	42	39	SDA Bocconi	Italy	2003	92,403	90,521	108	32	44	67	86	83 (93)	48	44	35	47	23	50	24	24	11	1^[1]	85	3	73
	43	41	32	39	Carnegie Mellon: Tepper	U.S.A.	2003	107,914	108,975	109	97	90	80	14	95 (94)	26	16	21	13	35	28	7	63	61	0	96	15	31
	43	42	55	47	Pennsylvania State University: Smeal	U.S.A.	2007	96,969	96,969	128	44	96	79	41	95 (90)	57	22	28	18	18	39	0	49	37	0	72	52	23
	45	33	35	38	University of Iowa: Tippie	U.S.A.	2005	91,473	91,473	126	41	71	75	36	94 (97)	92	23	26	23	17	35	3	52	96	0	93	47	41
	45	57	52	51	University of Minnesota: Carlson	U.S.A.	2007	93,406	93,406	113	57	94	79	24	98 (97)	61	22	35	17	21	40	4	68	88	0	93	22	23
	47	67	47	54	Rice University: Jones	U.S.A.	2005	110,944	109,867	115	85	55	78	46	96 (97)	44	27	34	11	22	24	0	78	98	0	93	n/a^[2]	41
	48	77	-	-	Purdue University: Krannert	U.S.A.	2005	100,376	100,376	108	63	49	78	12	97 (86)	46	21	16	11	40	45	1	54	85	0	99	25	41
	49	75	84	69	Australian School of Business	Australia	2006	115,693	115,693	81	37	85	74	81	83 (78)	47	24	45	13	61	74	22	20	22	0	98	64	51
	49	82	64	65	University of California at Irvine: Merage	U.S.A.	2007	98,904	98,904	107	59	58	78	47	83 (100)	81	35	34	12	27	35	8	72	71	0	95	70	18
	49	18	22	30	York University: Schulich	Canada	2002	80,873	82,508	104	33	37	77	91	92 (82)	31	30	34	20	60	71	54	34	24	0^[1]	99	76	41
	52	57	-	-	Boston College: Carroll	U.S.A.	2007	106,719	106,719	111	71	78	77	43	96 (98)	66	32	36	11	14	37	2	77	81	0	92	59	47
	52	66	82	67	University of Cape Town GSB	South Africa	2007	162,626	162,626	86	5	53	74	100	91 (93)	68	19	33	22	33	28	30	30	16	0	71	n/a^[2]	98
	54	72	60	62	SMU: Cox	U.S.A.	2005	107,642	107,642	124	79	76	74	61	75 (87)	52	23	34	13	16	36	1	90	33	0	92	n/a^[2]	62
	54	82	93	76	University of Edinburgh Business School	U.K.	2004	102,306	102,306	97	23	20	76	93	90 (93)	75	23	36	25	39	88	33	35	30	1^[1]	84	66	91
	56	47	53	52	Imperial College Business School	U.K.	2004	111,503	112,238	85	28	15	75	54	95 (83)	60	20	14	44	73	54	44	42	72	0	93	35	73
	57	72	66	65	Arizona State University: Carey	U.S.A.	2005	98,462	98,462	110	52	63	76	55	95 (96)	49	23	24	17	17	24	0	48	98	0	90	27	35
	57	45	49	50	Brigham Young University: Marriott	U.S.A.	2005	94,039	94,039	129	36	21	83	23	96 (99)	53	8	20	6	2	15	9	88	90	0^[1]	91	n/a^[2]	62
	57	54	66	59	Thunderbird School of Global Management	U.S.A.	2007	96,042	98,496	105	56	25	77	63	48 (96)	29	18	30	19	26	48	23	12	19	0^[1]	100	n/a^[2]	62
	57	61	93	70	University of Washington Business School: Foster	U.S.A.	2006	96,850	96,850	102	62	46	80	38	96 (98)	73	28	38	16	21	34	6	89	45	0^[1]	91	31	20
	61	59	31	50	Vanderbilt University: Owen	U.S.A.	2005	102,582	102,703	117	90	42	81	34	87 (99)	42	17	26	14	11	24	4	79	92	0^[1]	96	79	51
	62	50	44	52	Boston University School of Management	U.S.A.	2003	106,219	106,219	111	87	45	72	84	92 (93)	53	24	36	14	26	42	9	71	65	0	86	60	47
	62	92	86	80	Coppead	Brazil	2006	94,486	94,486	131	1	99	81	25	63 (100)	99	35	36	25	9	10	0	100	7	1	100	71	99
	62	62	57	60	University of Texas at Austin: McCombs	U.S.A.	2005	106,378	108,928	95	95	67	77	37	94 (94)	23	29	29	13	24	30	2	84	64	0^[1]	90	33	19
	65	-	-	-	Indiana University: Kelley	U.S.A.	2007	102,325	102,934	107	67	97	81	10	89 (98)	33	26	26	6	18	47	4	95	44	0	84	28	37
	65	59	39	54	University of Notre Dame: Mendoza	U.S.A.	2005	99,756	99,756	117	68	54	80	42	97 (83)	56	23	20	11	12	26	4	85	62	0	95	n/a^[2]	37
	67	75	97	80	George Washington University	U.S.A.	2007	95,633	95,633	103	64	43	80	72	88 (91)	86	27	39	9	23	36	0	58	94	0^[1]	98	10	62
	67	-	-	-	Nanyang Business School	Singapore	-	74,283	74,283	110	7	82	74	80	91 (98)	95	30	31	18	54	81	50	21	27	0^[1]	96	62	73
	67	52	66	62	Washington University: Olin	U.S.A.	2005	101,620	101,620	97	94	68	80	40	86 (95)	58	15	29	12	44	39	0	81	66	0	98	69	16
	70	65	76	70	Bradford School of Management/TiasNimbas Business School	U.K. / Netherlands / Germany	2007	87,954	87,954	107	11	65	75	73	81 (72)	89	30	25	21	55	93	21	19	49	0	84	63	91
	70	85	98	84	Trinity College Dublin	Ireland	2005	118,297	118,297	90	2	17	82	99	62 (54)	85	28	43	24	17	65	6	7	46	0	69	82	91
	72	-	78	-	University of South Carolina: Moore	U.S.A.	2004	82,962	82,962	110	54	83	79	88	88 (99)	80	21	29	11	17	18	3	26	1	0^[1]	89	55	45
	73	47	60	60	City University: Cass	U.K.	2007	103,956	103,956	83	27	18	73	74	96 (96)	63	21	35	16	46	71	30	32	57	0	92	24	86
	73	-	96	-	University of Bath School of Management	U.K.	2007	100,850	100,850	85	17	22	77	90	94 (86)	77	25	43	19	35	63	14	40	41	0	97	57	58
	73	54	37	55	University of Southern California: Marshall	U.S.A.	2005	108,677	107,362	97	100	70	81	21	90 (92)	35	26	35	15	21	22	27	96	77	0	86	58	20
	76	79	76	77	University of California: Davis	U.S.A.	2007	96,200	96,200	102	60	91	79	44	91 (98)	75	31	44	16	38	24	0	98	70	0	96	n/a^[2]	30
	77	71	55	68	University of British Columbia: Sauder	Canada	2006	83,226	83,226	85	12	28	78	68	78 (88)	59	15	35	21	65	64	12	28	21	0	99	40	35
	78	88	93	86	Birmingham Business School	U.K.	2007	87,705	87,705	97	9	16	69	59	63 (55)	98	30	38	42	30	95	69	31	91	0^[1]	87	46	96
	79	51	73	68	College of William and Mary: Mason	U.S.A.	2004	97,240	97,240	113	50	89	79	67	82 (97)	93	20	28	12	15	31	0	91	95	0	100	n/a^[2]	70
	79	69	63	70	Melbourne Business School	Australia	2006	108,081	105,071	83	39	47	68	96	75 (73)	45	23	23	21	71	87	21	15	29	0	100	n/a^[2]	73
	81	92	-	-	National University of Singapore School of Business	Singapore	2006	79,794	79,794	92	53	60	71	85	100 (61)	74	23	32	17	52	93	42	2	12	0	96	72	70
	82	63	49	65	Case Western Reserve University: Weatherhead	U.S.A.	2007	92,222	92,222	109	76	84	72	89	80 (90)	81	24	31	10	31	49	5	64	75	0	93	43	58
	83	56	82	74	University of Georgia: Terry	U.S.A.	2004	92,923	92,923	102	29	64	78	39	92 (99)	71	23	27	0	16	27	0	92	84	0	96	23	62
	84	-	70	-	University of Pittsburgh: Katz	U.S.A.	2003	94,741	94,741	100	24	75	67	77	94 (95)	83	17	30	6	21	40	0	36	98	0	95	53	47
	85	-	-	-	Nyenrode Business Universiteit	Netherlands	2006	100,865	100,865	98	16	61	74	71	43 (57)	97	17	39	0	19	72	56	8	8	0	81	77	96
	85	85	88	86	Texas A & M University: Mays	U.S.A.	2005	87,244	87,244	108	25	87	76	76	98 (100)	64	23	21	22	8	26	1	83	67	0	87	37	37
	87	67	74	76	Temple University: Fox	U.S.A.	2006	81,956	81,956	106	30	57	65	97	87 (90)	96	16	26	26	39	39	26	14	18	0	91	39	81
	88	70	71	76	Wake Forest University: Babcock	U.S.A.	2004	91,114	91,114	112	72	88	78	50	81 (98)	72	15	34	21	5	27	4	93	86	0	95	n/a^[2]	51
	89	77	64	77	Babson College: Olin	U.S.A.	2003	104,015	105,254	91	89	12	81	75	94 (93)	43	26	22	18	15	52	8	62	54	0	90	n/a^[2]	81
	90	44	39	58	McGill University: Desautels	Canada	2003	86,664	88,293	87	14	77	78	78	82 (70)	28	29	34	16	63	35	16	22	63	0	75	60	45
	90	72	79	80	Ohio State University: Fisher	U.S.A.	2005	90,077	90,077	101	55	98	75	52	96 (85)	51	24	33	10	18	32	2	97	87	0	92	45	31
	92	80	-	-	Wisconsin School of Business	U.S.A.	2005	94,564	94,119	91	48	79	76	60	95 (98)	70	21	30	22	16	29	0	94	82	0	95	41	37
	93	82	-	-	Leeds University Business School	U.K.	2004	94,755	94,755	78	22	52	71	83	95 (95)	87	22	35	9	31	79	22	29	73	0	91	50	73
	93	100	-	-	Nottingham University Business School	U.K.	2007	88,961	88,961	89	19	14	64	98	90 (88)	90	26	39	60	34	75	30	67	59	0	79	48	73
	95	-	71	-	Tulane University: Freeman	U.S.A.	2005	92,739	92,739	110	65	56	69	87	93 (95)	78	14	26	7	14	11	3	87	15	0	91	74	62
	96	94	91	94	Durham Business School	U.K.	2007	90,766	90,766	72	26	2	65	92	87 (78)	91	20	36	10	57	92	40	50	78	1	85	56	62
	97	80	84	87	Georgia Institute of Technology	U.S.A.	2004	89,838	89,838	90	47	81	77	49	94 (99)	67	17	28	14	24	32	2	55	41	0	97	80	58
	98	89	86	91	University College Dublin: Smurfit	Ireland	2007	100,817	100,817	72	21	30	71	79	94 (95)	88	25	27	14	33	30	53	16	51	0^[1]	92	75	91
	99	-	-	-	University of Miami School of Business Administration	U.S.A.	2007	90,667	90,667	101	69	62	74	95	77 (95)	84	28	32	33	24	36	0	80	97	0	86	84	58
	100	-	-	-	Eada	Spain	-	77,188	77,188	109	18	6	69	57	88 (100)	100	26	25	25	33	86	8	18	23	0^[1]	23	n/a^[2]	99
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Table notesAlthough the headline ranking figures show the changes in the survey year to year, the pattern of clustering among the schools is also significant. Some 205 points separate the top school from the school ranked 100 in the 2007 ranking. The top 16 schools, from the Wharton School of the University of Pennsylvania to Iese Business School, form the leading group of world class business schools. The second group is headed by the Anderson School at UCLA. Some 40 points separate the Anderson School from the University of North Carolina Kenan-Flagler Business School, which leads the next group. The fourth group is headed by Edinburgh University Management School and includes schools ranked from 54 to 100. Some 51 points separate these 47 schools. However, there are very few points separating schools within this group.

Footnotes

1. These schools run additional courses for MBA students for which additional language skills are required. These figures are included in the calculations for the ranking but are not represented on the table to avoid confusion.

2. Not applicable.

3. These data are for information only and are not used in the rankings.

4. 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.
KPMG reported on the results of obtaining evidence and applying specified audit procedures relating to selected data provided for the Financial Times 2007 MBA survey ranking for selected business schools. Enquiries about the process can be made by contacting Michelle Podhy and Patrick Gaudet of KPMG by email at mpodhy@kpmg.ca. The specified audit procedures were carried out between November 2006 and January 2007. The audit date denotes the survey for which the specified audit procedures were conducted.

5. The average alumni salary three years after graduation. (The 2007 ranking surveyed the MBA class that graduated in 2003). This figure includes alumni salary data for the current year and the one or two preceding years, where available. The figure is NOT used in the ranking.

6. The average alumni salary today with adjustment for salary variations between industry sectors. This figure includes data for the current year and the one or two preceding years, where available.

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

8. 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.

9. 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 MBA. Data for the current year and the one or two preceding years are included where available.

10. The extent to which alumni fulfilled their goals or reasons for doing an MBA. This is measured as a percentage of total returns for a school.

11. Alumni who used the careers service at their business school were asked to rank its effectiveness in their job search. This figure includes data for the current year and the one or two preceding years, where available.

12. The percentage of the most recent graduating class that had found employment or accepted a job offer within three months of graduation. The figure in brackets is the percentage of the class on which the school was able to provide employment data.

13. Alumni were asked to name three business schools from which they would recruit MBA graduates. The ranking is calculated according to the number of votes received by each school. Data for the current year and the one or two preceding years are included where available.

14. Percentage of female faculty.

15. Percentage of female students.

16. Percentage of female members of the advisory board.

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

18. The percentage of students whose citizenship differs from the country in which they are studying.

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

20. This is calculated by analysing the employment movements of alumni between the time prior to their MBA and graduation and also, the time between graduation and today.

21. Weighted average of four criteria that measure international exposure during the MBA programme.

22. Number of extra languages required on completion of the MBA. Where a proportion of students require a further language due to an additional diploma, that figure is included in the calculations but not presented in the final table.
These schools run additional courses for MBA students for which additional language skills are required. These figures are included in the calculations for the ranking but are not represented on the table to avoid confusion.

23. The percentage of faculty with a doctoral degree.

24. This is calculated according to the number of doctoral graduates from each business school during the past three years. Additional points are given if these doctoral graduates took up faculty positions at one of the top 50 full-time MBA schools of 2006.

25. This is calculated according to the number of faculty publications in 40 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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