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.
KPMG reported on the results of obtaining evidence and applying specified audit procedures relating to selected survey data provided for the Financial Times 2011 MBA ranking for selected business schools. Enquiries about the assurance process can be made by contacting Michelle Podhy of KPMG at firstname.lastname@example.org. The specified audit procedures were carried out between October and November 2010. The audit date published denotes the survey for which the specified audit precedures were conducted.
2. The average alumni salary three years after graduation. (The 2012 ranking surveyed the
MBA class that graduated in 2008). 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.
3. 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.
4. 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.
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 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.
7. The extent to which alumni fulfilled their goals or reasons for doing an MBA.
8. 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.
9. 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.
10. 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.
11. Percentage of female faculty
12. Percentage of female students
13. Percentage of female members of the advisory board
14. International faculty (4) Percentage of faculty whose citizenship differs from their country of employment
15. Percentage of students whose citizenship differs from the country in which they are studying.
16. Percentage of the board whose citizenship differs from the country in which the business school is based.
17. This is calculated according to whether alumni worked in different countries before the MBA, on graduation and also where they are employed today.
18. Weighted average of four criteria that measure international exposure during the MBA programme.
19. Number of extra languages required on completion of the MBA. Where a proportion of
students requires a further language due to an additional diploma, that figure is included in the calculations but not presented in the final table.
20. Percentage of faculty with a doctoral degree
21. 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 2010.
22. This is calculated according to the number of faculty publications in 40 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.
24. School runs 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.