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Global MBA Rankings 2008

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	Rank '08	Rank '07^[2]	Rank '06^[2]	3 yr. rank^[2]	Business school name	Country^[2]	Audit year^[3]	Salary today ($)^[4]	Weighted sal. ($)^[5]	Salary inc. (%)^[6]	Value^[7]	Careers^[8]	Aims achieved^[9]	Placements^[10]	Employment^[11]	Recommends^[12]	Wom. faculty^[13]	Wom. students^[14]	Wom. board^[15]	Intl. faculty^[16]	Intl. students^[17]	Intl. board^[18]	Intl. mobility^[19]	Intl. course^[20]	Languages^[21]	PhD faculty^[22]	PhD rank^[23]	Research^[24]
	1	1	1	1	University of Pennsylvania: Wharton	U.S.A.	2008	166,032	165,859	132	90	34	12	11	93 (98)	2	18	37	6	35	45	63	38	54	0^[1]	100	2	2
	2	5	5	4	London Business School	U.K.	2004	145,918	144,918	126	62	27	11	47	96 (99)	5	22	23	14	83	90	56	4	8	1^[1]	98	30	3
	3	2	4	3	Columbia Business School	U.S.A.	2003	169,730	165,123	144	73	65	20	15	93 (93)	8	12	33	9	62	42	35	48	66	0^[1]	98	18	11
	4	3	3	3	Stanford University GSB	U.S.A.	2005	175,766	167,225	119	96	19	3	12	94 (99)	3	17	38	18	40	40	25	62	25	0	97	8	4
	5	3	2	3	Harvard Business School	U.S.A.	2008	163,493	162,316	112	92	43	18	28	94 (100)	1	21	36	48	40	36	17	45	98	0	95	24	1
	6	7	8	7	Insead	France / Singapore	2003	147,763	146,878	104	8	18	15	55	92 (96)	6	13	24	16	90	89	74	3	6	2	99	54	11
	7	14	10	10	MIT Sloan School of Management	U.S.A.	2003	155,316	155,160	133	45	46	2	17	95 (96)	9	24	30	14	26	36	29	39	29	0	100	17	14
	8	11	12	10	IE Business School	Spain	2003	120,190	124,600	158	29	2	17	23	93 (88)	35	31	36	24	47	75	84	24	23	1	89	n/a	88
	9	6	6	7	University of Chicago: Booth	U.S.A.	2007	155,484	148,978	128	97	47	22	1	95 (99)	7	14	35	15	37	35	36	50	37	0^[1]	98	7	7
	10	15	35	20	University of Cambridge: Judge	U.K.	2007	133,480	127,064	130	7	24	21	57	92 (97)	40	25	32	25	60	92	48	18	36	0	96	9	26
	11	11	21	14	Ceibs	China	2006	154,144	154,144	157	57	39	76	14	92 (87)	58	9	35	10	65	32	50	96	17	1	95	n/a	66
	11	16	13	13	Iese Business School	Spain	2003	119,890	117,062	144	70	11	33	35	98 (97)	18	13	28	13	41	80	94	5	2	1^[1]	99	59	54
	13	8	7	9	New York University: Stern	U.S.A.	2008	141,554	137,548	128	94	73	7	10	94 (97)	12	20	39	14	40	36	3	40	44	0	100	10	7
	14	13	14	14	IMD	Switzerland	2003	147,172	150,775	94	4	15	19	26	91 (100)	17	9	24	5	100	97	69	1	45	2	98	n/a	71
	15	9	8	11	Dartmouth College: Tuck	U.S.A.	2008	152,580	151,673	124	83	45	1	7	96 (100)	11	24	35	20	33	38	13	59	43	0	100	n/a	14
	16	10	11	12	Yale School of Management	U.S.A.	2008	140,576	136,318	140	78	60	4	24	88 (99)	22	16	34	19	32	35	8	43	67	0	98	77	26
	17	-	47	-	Hong Kong UST Business School	China	2006	97,235	97,235	126	16	71	91	46	98 (88)	71	20	28	39	90	84	94	20	5	1	100	43	20
	18	18	22	19	HEC Paris	France	2008	118,562	119,739	126	36	8	23	37	72 (97)	37	21	26	11	34	83	30	2	18	1	88	57	81
	19	19	20	19	University of Oxford: Saïd	U.K.	2008	141,170	139,684	99	22	12	14	78	92 (84)	29	19	24	25	55	94	28	15	55	0	100	64	49
	20	-	-	-	Indian School of Business	India	-	155,938	169,355	129	87	22	68	21	100 (91)	85	5	25	5	19	5	63	33	73	0	100	n/a	88
	21	24	27	24	Esade Business School	Spain	2003	108,166	108,166	126	58	6	37	45	96 (100)	39	26	34	18	16	82	91	8	13	2^[1]	77	34	92
	22	28	30	27	Lancaster University Management School	U.K.	2008	104,609	104,609	127	3	7	46	36	93 (76)	77	24	26	36	36	92	45	26	52	0	90	5	81
	22	22	22	22	Manchester Business School	U.K.	2004	112,625	111,774	114	49	10	54	56	95 (93)	27	29	19	0	38	88	0	17	11	0^[1]	86	1	76
	24	19	17	20	Northwestern University: Kellogg	U.S.A.	2008	136,674	135,646	98	100	61	5	3	97 (96)	4	20	34	7	45	35	6	70	42	0	96	23	9
	25	17	19	20	UCLA: Anderson	U.S.A.	2008	148,615	140,058	116	68	30	32	20	93 (98)	16	12	34	11	22	33	7	87	50	0	91	36	33
	26	33	42	34	Emory University: Goizueta	U.S.A.	2004	123,569	123,511	130	67	42	25	19	89 (98)	35	27	32	13	17	42	6	67	64	0	94	80	26
	27	19	14	20	University of Michigan: Ross	U.S.A.	2008	125,839	126,802	100	79	83	6	2	90 (92)	10	26	34	27	35	30	7	51	62	0	94	11	6
	28	23	27	26	Duke University: Fuqua	U.S.A.	2008	122,811	121,613	105	86	69	16	8	85 (98)	13	18	36	15	39	40	14	80	28	0	100	40	5
	29	36	52	39	Warwick Business School	U.K.	2004	112,586	109,067	110	9	33	51	82	96 (88)	26	37	32	29	47	82	21	31	16	1	96	12	76
	30	37	46	38	Cranfield School of Management	U.K.	2008	129,785	134,125	104	12	17	27	65	93 (98)	28	25	23	50	38	72	40	37	38	1	73	32	81
	30	-	-	-	University of Strathclyde Business School	U.K.	2004	113,071	113,071	143	1	37	98	99	93 (65)	96	35	29	45	24	91	55	60	40	0	70	6	88
	32	25	16	24	University of California at Berkeley: Haas	U.S.A.	2007	131,688	131,830	87	81	59	9	9	93 (100)	14	25	31	11	33	42	6	46	46	0^[1]	100	16	9
	33	26	24	28	University of Virginia: Darden	U.S.A.	2004	129,389	131,135	119	76	53	8	6	97 (100)	15	21	31	12	22	34	3	61	74	0	97	82	58
	34	30	24	29	Rotterdam School of Management, Erasmus University	Netherlands	2006	104,211	103,439	104	35	16	84	92	83 (82)	43	13	28	23	29	95	45	11	7	1	100	4	49
	35	56	47	46	Imperial College Business School	U.K.	2008	120,207	120,575	101	19	25	75	59	88 (64)	63	17	16	45	77	74	55	41	85	0	94	33	66
	36	29	36	34	Cornell University: Johnson	U.S.A.	2008	126,829	126,669	103	98	78	24	5	95 (98)	23	24	26	15	31	36	55	75	71	0	93	71	26
	37	30	38	35	University of Maryland: Smith	U.S.A.	2004	106,636	106,636	100	48	91	30	61	91 (99)	52	24	37	14	27	41	9	53	96	0	99	13	11
	38	34	36	36	Georgetown University: McDonough	U.S.A.	2004	120,346	118,545	122	88	38	10	44	98 (88)	38	25	32	7	18	31	16	47	32	0^[1]	94	n/a	71
	39	49	75	54	Australian School of Business	Australia	2006	122,349	122,349	96	34	80	67	86	77 (74)	46	26	19	9	61	77	25	10	15	0	97	76	58
	40	27	24	30	University of Toronto: Rotman	Canada	2002	98,940	97,143	99	69	100	42	62	93 (96)	19	24	28	43	67	36	36	28	39	0	98	21	18
	41	73	47	54	City University: Cass	U.K.	2007	111,615	111,615	94	26	32	62	49	93 (100)	54	25	37	24	55	70	33	29	60	0	92	31	81
	41	-	-	-	Shanghai Jiao Tong University, Antai	China	-	91,346	91,346	177	43	41	100	93	100 (100)	100	17	52	15	2	6	46	100	12	0	70	n/a	91
	41	32	29	34	University of North Carolina: Kenan-Flagler	U.S.A.	2007	115,519	116,698	106	63	66	49	16	90 (96)	20	22	28	6	32	29	2	72	34	0	95	26	39
	44	54	82	60	University of Edinburgh Business School	U.K.	2004	107,956	107,956	97	24	9	35	68	93 (91)	76	28	33	30	41	80	40	36	20	0^[1]	90	66	92
	44	57	61	54	University of Washington Business School: Foster	U.S.A.	2006	105,554	105,554	106	59	26	34	18	91 (95)	67	30	39	14	22	31	6	73	41	0^[1]	90	52	33
	46	67	-	-	Nanyang Business School	Singapore	-	89,836	89,836	111	15	70	89	84	91 (100)	90	28	28	18	53	81	55	9	35	0^[1]	95	67	76
	47	38	40	42	University of Rochester: Simon	U.S.A.	2007	113,983	115,014	123	74	88	56	34	92 (89)	69	14	27	10	29	54	30	44	98	0	78	60	71
	48	43	41	44	Carnegie Mellon: Tepper	U.S.A.	2003	112,536	112,923	99	99	56	47	13	95 (92)	25	15	25	15	33	32	20	63	65	0	98	25	26
	48	93	82	74	Leeds University Business School	U.K.	2004	104,165	104,165	110	5	23	92	81	94 (90)	95	19	33	12	32	89	23	42	83	0	90	46	81
	48	38	31	39	Michigan State University: Broad	U.S.A.	2002	102,202	102,202	107	60	86	44	4	94 (100)	51	20	28	42	6	40	0	69	92	0	100	37	26
	48	42	34	41	SDA Bocconi	Italy	2008	96,824	95,494	99	37	48	87	87	81 (86)	50	41	40	22	23	55	78	21	10	1	83	3	71
	48	49	18	38	York University: Schulich	Canada	2002	84,388	85,075	101	28	49	55	89	92 (93)	33	28	30	22	63	73	54	27	22	0^[1]	99	65	42
	53	70	65	63	Bradford School of Management/TiasNimbas Business School	U.K. / Netherlands / Germany	2007	99,202	99,202	105	11	21	72	67	85 (63)	93	25	27	20	60	94	40	32	68	0	84	51	81
	53	41	31	42	University of Western Ontario: Ivey	Canada	2008	106,073	105,276	104	42	62	43	53	92 (99)	21	18	26	13	32	20	29	30	88	0	96	72	39
	55	45	33	44	University of Iowa: Tippie	U.S.A.	2008	88,972	88,972	130	38	92	59	42	90 (100)	92	22	25	23	20	35	3	68	89	0	91	53	47
	55	72	-	-	University of South Carolina: Moore	U.S.A.	2004	95,417	95,417	117	56	82	41	74	87 (70)	72	24	35	12	21	25	3	22	1	0^[1]	90	62	58
	57	34	-	-	University of Arizona: Eller	U.S.A.	2008	95,225	95,225	120	47	76	77	50	80 (100)	82	30	20	12	22	27	1	84	79	0	93	14	46
	58	43	42	48	Pennsylvania State University: Smeal	U.S.A.	2007	103,764	103,764	103	61	96	58	27	90 (100)	66	21	33	18	19	35	0	49	82	0	84	42	19
	58	76	79	71	University of California: Davis	U.S.A.	2007	109,189	109,189	93	64	90	71	31	89 (98)	87	36	43	17	29	18	0	54	80	0	100	n/a	20
	60	73	54	62	University of Southern California: Marshall	U.S.A.	2005	114,582	113,667	96	95	67	13	25	96 (89)	32	27	34	16	26	26	20	91	49	0	83	63	20
	61	65	-	-	Indiana University: Kelley	U.S.A.	2007	105,547	105,332	101	55	99	26	22	96 (98)	30	25	28	6	18	42	3	79	70	0	82	20	42
	61	85	85	77	Texas A & M University: Mays	U.S.A.	2008	91,656	91,656	115	23	84	63	88	100 (100)	60	25	32	22	12	31	0	64	93	0	85	48	37
	61	57	54	57	Thunderbird School of Global Management	U.S.A.	2007	99,099	99,165	101	53	28	36	60	62 (86)	34	23	32	20	26	46	24	14	53	1^[1]	94	n/a	66
	64	48	77	63	Purdue University: Krannert	U.S.A.	2005	98,554	98,554	100	50	64	70	32	90 (87)	44	23	23	9	41	46	3	71	61	0	99	19	49
	64	47	67	59	Rice University: Jones	U.S.A.	2008	107,180	105,229	108	75	95	50	51	95 (96)	45	22	30	14	20	32	0	88	94	0	95	n/a	33
	64	-	96	-	University of Florida: Hough	U.S.A.	2007	93,077	93,077	113	30	13	82	72	96 (90)	74	17	27	25	13	20	0	99	98	0	97	38	23
	64	38	39	47	University of Illinois at Urbana-Champaign	U.S.A.	2005	87,318	87,318	110	52	54	69	64	97 (95)	73	27	27	17	10	45	0	65	86	0	96	41	26
	68	49	82	66	University of California at Irvine: Merage	U.S.A.	2007	100,030	100,030	98	66	75	83	66	92 (96)	80	39	29	16	31	38	9	85	59	0	98	70	33
	69	73	-	-	University of Bath School of Management	U.K.	2007	113,727	113,727	85	17	31	86	94	92 (59)	83	25	43	23	38	70	14	81	47	0	95	45	58
	69	67	52	63	Washington University: Olin	U.S.A.	2005	100,808	100,808	92	93	52	38	33	95 (96)	64	15	26	13	46	34	0	83	63	0	98	61	16
	71	52	57	60	Boston College: Carroll	U.S.A.	2007	105,659	105,659	104	65	72	73	70	98 (97)	59	35	34	11	11	27	2	93	69	0	94	58	54
	71	79	51	67	College of William and Mary: Mason	U.S.A.	2004	96,717	96,717	124	46	97	53	77	87 (83)	97	27	27	11	13	35	0	90	90	0^[1]	95	n/a	63
	71	67	75	71	George Washington University	U.S.A.	2007	102,852	102,852	100	72	44	40	58	87 (100)	79	27	41	11	24	36	2	55	76	0^[1]	97	15	98
	71	52	66	63	University of Cape Town GSB	South Africa	2007	148,975	148,975	73	2	35	85	100	98 (92)	68	21	31	22	29	9	30	16	26	0	71	n/a	95
	75	79	69	74	Melbourne Business School	Australia	2006	106,978	100,891	76	41	57	94	97	96 (94)	53	22	31	33	70	84	27	13	19	0	100	n/a	49
	76	93	100	90	Nottingham University Business School	U.K.	2007	100,277	100,277	93	10	20	96	95	94 (92)	94	28	37	67	34	75	33	56	87	0	77	49	66
	76	62	62	67	University of Texas at Austin: McCombs	U.S.A.	2005	108,268	108,732	90	85	79	57	38	94 (92)	24	27	27	12	23	25	2	86	58	0^[1]	91	28	23
	76	61	59	65	Vanderbilt University: Owen	U.S.A.	2005	107,328	107,432	108	89	50	28	30	84 (99)	42	13	28	12	13	26	3	95	81	0	94	81	47
	79	65	59	68	University of Notre Dame: Mendoza	U.S.A.	2008	105,783	105,783	112	71	68	29	48	98 (96)	57	20	26	10	9	22	4	92	51	0	91	n/a	63
	80	95	-	-	Tulane University: Freeman	U.S.A.	2005	95,384	95,384	117	91	40	81	91	93 (95)	75	25	31	9	25	32	5	82	56	1	86	78	76
	80	83	56	73	University of Georgia: Terry	U.S.A.	2004	94,930	94,930	102	25	58	52	54	82 (99)	69	25	33	0	18	40	0	77	91	0	93	27	63
	82	57	45	61	Brigham Young University: Marriott	U.S.A.	2008	96,702	96,702	120	32	55	31	29	97 (96)	48	9	15	7	2	19	8	97	97	0	91	n/a	58
	82	85	-	-	Nyenrode Business Universiteit	Netherlands	2006	89,223	89,223	96	20	29	78	73	100 (73)	91	25	23	0	29	90	67	6	9	0	81	79	95
	84	89	77	83	Babson College: Olin	U.S.A.	2008	106,849	107,786	95	82	14	39	79	92 (89)	41	27	29	18	16	52	7	58	48	0	86	n/a	71
	84	62	50	65	Boston University School of Management	U.S.A.	2008	105,586	105,586	94	84	51	65	69	95 (92)	55	25	40	14	26	38	11	76	57	0	86	73	54
	84	45	57	62	University of Minnesota: Carlson	U.S.A.	2007	94,246	94,246	90	77	98	45	40	93 (99)	61	27	27	19	21	29	6	74	78	0	86	22	16
	87	90	72	83	Ohio State University: Fisher	U.S.A.	2005	92,788	92,788	102	54	94	74	43	98 (92)	49	24	26	13	18	31	4	89	84	0	91	47	39
	88	57	72	72	Arizona State University: Carey	U.S.A.	2005	98,060	98,060	94	51	85	64	39	97 (85)	56	22	24	22	19	35	0	66	75	0^[1]	89	39	42
	88	87	67	81	Temple University: Fox	U.S.A.	2006	75,458	75,458	106	31	89	97	98	89 (98)	99	19	42	24	35	42	24	19	14	0	89	29	66
	88	-	98	-	University of Alberta	Canada	2006	74,250	74,250	95	27	87	60	85	94 (89)	77	22	32	18	57	57	15	57	31	0^[1]	97	55	37
	88	92	80	87	Wisconsin School of Business	U.S.A.	2005	96,866	96,587	98	44	74	48	63	96 (98)	65	23	29	15	15	20	0	94	77	0	87	35	42
	92	77	71	80	University of British Columbia: Sauder	Canada	2006	81,997	81,997	76	40	77	79	71	94 (86)	46	15	33	25	69	58	13	23	33	0	100	50	23
	93	-	97	-	Ipade	Mexico	2006	88,395	88,395	145	39	1	90	41	92 (100)	61	10	29	17	11	5	0	98	27	1^[1]	27	n/a	98
	93	84	-	-	University of Pittsburgh: Katz	U.S.A.	2003	94,641	94,641	98	18	63	93	76	95 (78)	86	24	29	6	21	42	0	78	95	0	94	44	49
	95	100	-	-	Eada	Spain	-	85,811	85,811	113	13	5	99	52	87 (100)	98	24	40	21	35	97	7	34	21	0^[1]	32	n/a	98
	96	90	44	77	McGill University: Desautels	Canada	2003	91,551	85,168	87	33	93	66	96	80 (76)	31	26	53	13	65	35	18	25	24	0	81	68	54
	97	-	-	-	Vlerick Leuven Gent Management School	Belgium	-	95,754	95,754	50	6	3	61	75	100 (96)	89	32	40	17	18	96	100	35	4	0	95	75	81
	98	98	89	95	University College Dublin: Smurfit	Ireland	2007	101,730	101,730	70	14	36	95	90	97 (97)	87	29	31	16	34	54	55	12	30	0^[1]	91	74	92
	99	-	-	-	EM Lyon Business School	France	2003	90,532	90,532	69	21	4	80	80	80 (76)	83	28	35	12	32	68	71	7	3	0	88	69	95
	100	82	63	82	Case Western Reserve University: Weatherhead	U.S.A.	2007	95,283	95,283	97	80	81	88	83	73 (85)	81	20	30	19	30	49	7	52	72	0	91	56	76
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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 185 points separate the top school from the school ranked 100 in the 2008 ranking. The top 15 schools, from the Wharton School of the University of Pennsylvania to the Tuck School of Business at Dartmouth College, form the leading group of world class business schools. Some 63 points separate Wharton from Tuck. The second group is headed by Yale School of Management which scored 50 points more than the Tanaka Business School of Imperial College London, leader of the third group. The fourth group is headed by Eller College of Management of the University of Arizona and includes schools ranked from 57 to 100. Some 40 points separate these 44 schools.

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

3. 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 survey data provided for the Financial Times 2008 MBA ranking for selected business schools. Enquiries about the assurance process can be made by contacting Michelle Podhy and Patrick Gaudet of KPMG by e-mail at pgaudet@kpmg.ca. The specified audit procedures were carried out between November 2007 and January 2008. The audit date denotes the year that the most recent selected survey data was subject to specified audit procedures.

4. The average alumni salary three years after graduation. (The 2008 ranking surveyed the MBA class that graduated in 2004). 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. The extent to which alumni fulfilled their goals or reasons for doing an MBA.

10. 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.

11. 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 for which the school was able to provide employment data.

12. 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 for each school. Data for the current year and the one or two preceding years are included where available.

13. Percentage of female faculty.

14. Percentage of female students.

15. Percentage of female members of the advisory board.

16. Percentage of faculty whose citizenship differs from their country of employment.

17. Percentage of students whose citizenship differs from the country in which they are studying.

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

19. This is calculated according to whether alumni worked in different countries before the MBA, on graduation and also where they are employed today.

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

21. 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.

22. Percentage of faculty with a doctoral degree.

23. 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 2008.

24. This is calculated according to the number of faculty publications in 40 international academic and practitioner journals. Points are awarded to the business school at which the author is currently employed. The total is weighted for faculty size.

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