Business Schools Report
The QS Global 200 Business Schools Report originated in the
early 1990s as an alternative to business school rankings.
The ratings provide a detailed overview of the most popular
business schools around the world, based on details provided to
QS by over 4,318 employers who actively recruit MBA graduates.
Without inferring any overall rankings, QS’ objective is to
provide a resource to help prospective MBA students identify
the business schools from which employers most actively
recruit. The research is intended to be of use to MBA employers,
prospective MBA students and institutions worldwide that are
interested in international business education and recruitment
trends.
At the heart of the report is the definitive list of 200 business schools
from which employers prefer to recruit MBAs. This list is compiled
from an annual survey of human resources (HR) managers and line
managers with recruiting responsibilities at companies around the
world. Each year, employers recommend new schools to be added to
the list. This is then sent to other recruiters to rate.
Fast Facts
• Five schools received the maximum score for employer recognition, identifying
them as the leading schools in their region: Harvard and Stanford (North
America), INSEAD - France and London Business School (Europe), and INSEAD
– Singapore (Asia-Pacific).
• Report highlights four distinct categories of business school in terms of
employer recognition: Elite Global; Emerging Global; Elite Regional; Emerging
Regional
• Of the 33 leading institutions to make the Elite Global category, 12 are from the
US. The other nations with Elite Global business schools are Canada (6), UK (3),
Spain (3), Switzerland (2), France (2), Denmark (1), India (1), Ireland (1), Italy (1)
and Singapore (1).
• Australia has no Elite Global business schools, despite having the
third-highest number of global top-100 universities in the QS World University
Rankings. The UK has just three, despite having four of the top ten universities
in the world
• MBAs from Elite Global schools in North America earn more than those from
any other region. Salary+bonus packages average US$123,239, slightly more
than the European figure of US$122,983
• The school with the highest average graduate salary is Switzerland’s IMD
(US$159,912), ahead of the US’s Stanford Graduate School of Business
(US$156,265)
• Schools ranked for employer reputation in ten subject specializations. Harvard
tops the table in five subjects, with five other schools top in one subject each:
INSEAD, Kellogg, MIT Sloan, Stanford and Wharton
•
Two Asian schools make the Elite Global category: INSEAD Singapore and Indian
Institute of Management, Ahmedabad
•
Still no Elite Global schools in either Africa & Middle East or Latin America
•
The top schools in Africa & Middle East for employer reputation are South
Africa’s University of Cape Town Graduate School of Business and University of
Witwatersrand, and American University of Sharjah
•
Top Latin American schools are EGADE-Tecnologico de Monterrey, Campus
Monterrey, Pontificia Universidad Católica de Chile, and Business School Sao
Paulo
Business school
categories
2.0
This year’s report divides the world’s top 200 business
schools into four categories, based on their level of
international employer recognition.
Elite Global business schools form an established cadre of
the world’s very best business institutions. They are targeted
by a wide range of employers, both domestically, regionally
and globally. Highly international, they typically admit only
experienced candidates with superior GMAT scores and
all-round credentials. Their name will transform the resume of
any candidate. MBAs will in many cases go on to be influential
business leaders, and can expect to earn top salaries upon
graduation.
Emerging Global
Emerging Global business schools have an established reputation
for excellence among employers that stretches well beyond
their region. They attract high-quality candidates from all over
the world, and graduates can expect to earn highly competitive
salaries. Though in many cases they are newer and not as firmly
established as the ‘brand name’ institutions that make up the
Elite Global cluster, these institutions will in many cases aspire to
break into the Elite Global group in years to come.
Elite Regional
Elite Regional institutions are well regarded by employers within
their region, and may have started to develop a reputation further
afield. Admitted students typically have strong credentials,
though they may be slightly less experienced on average than
those at Elite Global or Emerging Global institutions. Elite
Regional institutions are often younger institutions that, having
established an excellent reputation among employers within their
region, will be looking to establish their brand as one with a truly
global reach.
Emerging Regional
Emerging Regional institutions have established a solid reputation
among employers within their own country. They will appeal to
candidates with fewer years of professional experience, and graduate
salaries are on average more modest than those at Elite Regional
institutions. Having established a good reputation among domestic
employers, they will now be looking to increase their visibility among
international employers and students.
In addition to these global groupings, the research provides ratings of
the most popular business schools according to two definitive categories:
• Regional ratings:
• Africa and the Middle East
• Asia-Pacific
• Europe
• Latin America
• North America
• MBA specialization* ratings:
• Corporate social responsibility (CSR)
• Entrepreneurship
• Finance
• Information management
• Innovation
• International management
• Leadership
• Marketing
• Operations management
• Strategy
*MBA specialization refers to a business school’s perceived area of expertise
among MBA employers. Throughout the report the above 10 areas of expertise
are referred to as ‘MBA specializations’.
Management education is globalizing. The past
decade has seen an increase of accredited business
schools open in emerging markets such as in the
BRIC countries (Brazil, Russia, India, and China).
While business schools in the US and Europe remain
the most popular study destinations among MBA
students, schools elsewhere in the world such as
those in Asia-Pacific are growing in popularity. The
proliferation of accredited programs around the
globe has led to a wider choice for MBA applicants
over the past few years. Recent trends indicate that
there is greater onus on choosing the right country
as well as the right business school. According to
the TopMBA.com Applicant Survey 2013, over 50%
of MBA students are choosing schools based on the
country in which they wish to work.
Furthermore, international MBA recruiting is no
longer the domain of a few prestigious US and
European companies. A growing number of HR
managers in the Asia-Pacific region, Latin America,
and the Middle East are informed about MBA
education. Managers in these regions have been
asked to share their views on the schools they would
prioritize for MBA hiring.
There is a greater focus on regional MBA trends
and in order to provide data to help students and
recruiters choose which schools to apply to and
recruit from, QS has categorized its business school
ratings by region.
MBA specialization ratings
According to the QS TopMBA Applicant Survey,
school specializations are the eighth most
important criterion for school selection. According
to the survey, which is the largest of its kind, school
specializations are more important to applicants
than MBA rankings, convenience of location, or
recommendations from peers, colleagues and even
employers.
The MBA curriculum is changing to respond to
this in the offering of MBA specializations. For
professionals who want to further their careers in
the field that they are already working in, an MBA
with a specialist focus would be a viable option.
In developing ratings on MBA specializations, QS’
aim is to provide a useful resource for prospective
students and employers’ alike to help aid decisions
over which schools to apply to, or which to
recruit from. MBA programs that do not offer
specializations can still produce graduates that
excel in specialist fields.
The results of the QS Global 200 Business Schools
Report are based on MBA recruiters’ opinions and
as such, employers also voted on general MBA
programs that provide training and education
in any one of 10 specialist fields, as well as
programs that specialize in a particular field.
There is now greater diversity in the many MBA
specializations on offer, but QS rates the 10 core
MBA specializations.
The objective of the QS Global 200
Business Schools Report is to provide
an indication of the employability of
an MBA upon graduation. As such, QS
believes a ratings system as opposed
to the traditional business school
rankings provides a reliable measure of
the employability outcome of an MBA
program.
Traditional rankings assess on average
15 to 20 criteria in order to provide
an overarching indication of student
satisfaction. These vary but are mostly
based on general aspects: academic
peer review, citations per faculty,
faculty-student ratio, and international
students, for example.
The QS Global 200 Business Schools
Report only measures one indicator –
the employability outcome of an MBA
program by region and specialization.
Focusing solely on employers’ views
provide a reliable insight as to which
business schools produce MBA
graduates and alumni that are favored
by recruiters. This is derived from
employers’ votes as to which schools
they prefer to recruit MBA graduates.
Employers and HR decision makers
worldwide are at the forefront of
witnessing the worth of an MBA.
QS believes that they are in the best
position to judge the value of a business
school’s graduates, and have among the
most objective and informed opinions
as to which are the ‘best’ business
schools. When an HR department selects
a business school to recruit MBAs
from, the decision will often be the
result of an intensive research exercise:
evaluating the strength of faculty, the
facilities and the relevance of the course
to the employee and the company’s
needs.
Similarly, when HR managers choose
which business schools to recruit from,
they will draw from a wide range of
information sources. They assess the
quality and efficiency of the schools’
career services and the reputation of the
school, for example. HR decision makers
look beyond rankings and examine the
facilities, the course content and the
quality of students. Year-on-year, this
survey reveals remarkable consistency
in school selection. Allegiance to
particular schools is not gained or lost
by one good or bad student but by a
sustained experience over several years.
Methodology
The QS Global 200 Business Schools Report survey (hereafter referred
to as the ‘survey’) captures the preferred set of business schools each
responding employer wishes to recruit from, either now, in the recent
past or in the near future.
QS asks international employers to select the schools they consider for
hiring MBA graduates from. Employers that focus on domestic hiring
are not included in the survey. However, QS recognizes that many
excellent schools that cater predominantly for their local recruitment
market may therefore not appear in the tables.
We include only business schools offering full-time MBA programs
and as such well-known business schools like ESCP Europe and HEC
Lausanne (which only offer executive MBA, part-time MBA and/or
masters programs) are excluded.
In order to produce the QS Global 200 Business Schools Report, QS
focuses on experienced HR and line managers at organizations that
actively recruit MBAs. Respondents from each company are asked
a series of questions about MBA recruiting in the previous and the
forthcoming year.
Employer responses to these questions provide information on the
following:
• MBA recruitment trends
• MBA salaries and compensation trends
• Global business school ratings by region
• Global business school ratings by specialization
Each employer is asked to list, unprompted, the international schools
from which they have recently attempted to recruit MBAs. Each time
a school is selected by an employer, it receives one vote and the total
number of votes is referred to as the ‘total unprompted votes.’
by region, employers are then asked to identify the schools they
regard as attractive for the purpose of hiring MBA graduates.
In order to be included in the survey, a school must have
been recommended by an employer in the previous year of
the research. Each time a school is voted, it is given one vote,
referred to as the ‘total prompted votes’.
The prompted and unprompted votes are added together to
create the ‘total employer votes’. In order to ensure balanced
results that are not subject to influence from the economic
cycle, an average of the ‘total employer votes’ is taken from the
current year’s research and the previous two year’s research.
The best performing school(s) are given an index score of 100
and the average total employer votes is indexed against the
best performing school(s). This indexing does not affect the
relative positions of schools in any given year. This score is
known as the school’s ‘index of employer votes’.
This research does not intend to infer an overall ranking of
schools. The tables list schools in clusters, categorized by
region and specialization. The relative employer position of
schools is displayed based on their employer score in that year
and a rating within the region or specialization.
Rating the business schools
The table below provides a summary of the number of business schools in each region which
make up the list of the QS Global 200 Business Schools Report. Schools that achieved an
index of employer votes of over 11 are included in the definitive list of 200 business schools.
Schools are presented in clusters, which provide distinction in terms of recognition among
employers. The relative positions within the clusters are not considered significant by the
authors of this report.
Number of schools Featured By Region
Top Cluster: Index of Employer Votes >=65 2nd Cluster: Index of Employer Votes >=23 3rd Cluster: Index of Employer Votes >= 14 4th Cluster: Index of Employer Votes >= 11 North America 18 27 20 22 Europe 13 20 12 10 Asia-Pacific 2 11 9 11 Latin America 8 1 1
Africa & Middle-East 4 1
The survey was conducted between March and July 2013 and represents one of
the largest exercises QS has undertaken in terms of geographic scope and level of
detail.
The total 28,000 employer responses counted in 2013 included 4,318 who were
actively recruiting MBAs. All employers who responded to the survey are
guaranteed confidentiality for the components of their individual responses, except
for any open-ended feedback they have chosen to provide on the value of an MBA or
concerns with MBA hires.
* Comparative figures for the previous year are shown in brackets.
The following table gives a snapshot of some of the organizations that took part
in the survey across the world. A more comprehensive list can be found in the
appendix at the end of this document.
Sample of responding employers by region in 2013
Consulting Finance Industry Technology
Asia-Pacific Accenture AIG Investments 3M BenQ
KPMG Daewoo Securities AkzoNobel GE
Towers Watson Goldman Sachs TATA LG
Africa & Middle East
Booz & Company American Express Abdul Latif Jameel (Toyota)
ACS Deloitte Consulting Investec Bank Ltd Delta Group Microsoft
IBM Johannesburg Stock
Exchange Aramco SAP
Europe BCG Citibank BAE Systems Alcatel-Lucent
A.T. Kearney Barclays Carl Zeiss AG Cognizant
Frost & Sullivan Credit Suisse E.ON Google
Latin America London Consulting Group BBVA Adidas Accenture
Signium Santander Bayer Hewlett Packard
TATA Consultancy Services J.P. Morgan Coca-Cola Telefonica
US & Canada Bain & Company BlackRock Comcast IBM
Capgemini Morgan Stanley Ford Intel Corporation
0 100 200 300 400 500
The chart below shows the spread of employers across 20 industries. This reflects
the global spread of industries that hire MBAs. The consulting and professional
services sector are the largest respondents in 2011, reflecting the surge in MBA
demand within this sector. Banking and financial services are the second largest
responding sector, followed by HR/recruitment services. Manufacturing, IT, FMCG
and energy are also well represented in the sample.
Recruitment / HR services Retail Telecoms Transportation / Distribution Travel / Leisure / Hospitality Utilities Public Sector / Govt. / Non-profit Pharmaceuticals / Biotech & Healthcare Other Metals / Mining Media / Entertainment & Arts Manufacturing / Engineering Law IT / Computer Services FMCG Financial Services / Banking Energy Electronics / High Technology Consulting / Professional Services Construction / Property Aerospace / Defence
Aerospace / Defence 21
Construction / Property 138
Consulting / Professional Services 567
Electronics / High Technology 129
Energy 143
Financial Services / Banking 379
FMCG 203
IT / Computer Services 281
Law 21
Manufacturing / Engineering 329
Media / Entertainment & Arts 58
Metals / Mining 104
Other 578
Pharmaceuticals / Biotech & Healthcare 157
Public Sector / Govt. / Non-profit 145
Recruitment / HR services 343
Retail 92
Telecoms 93
Transportation / Distribution 81
Travel / Leisure / Hospitality 65
Utilities 56
Grand Total 3983
Responses were received from employers across the globe:
Africa & Middle East 5%
Asia Pacific 29% Eastern Europe 6% Latin America 33% US & Canada 6% Western Europe 21% Grand Total 100%
2013 QS Global
200 Business
School Ratings:
Elite Global
Elite Global business schools form an established cadre of the world’s
very best business institutions. They are targeted by a wide range
of employers, both domestically, regionally and globally. Highly
international, they typically admit only experienced candidates with
superior GMAT scores and all-round credentials. Their name will
transform the resume of any candidate. MBAs will in many cases go on
to be influential business leaders, and can expect to earn top salaries
upon graduation.
This year’s report shows that while Elite Global institutions remain
clustered in North America and particularly the US, they are also present
across Europe and to a lesser degree in Asia-Pacific. As yet there are no
Elite Global business schools in the Middle East and Africa, or Latin
America.
Of the 33 leading institutions to make the Elite Global category, 12 are
from the US. The other nations with Elite Global business schools are
Canada (6), UK (3), Spain (3), Switzerland (2), France (2), Denmark (1),
India (1), Ireland (1), Italy (1) and Singapore (1).
Emerging Global business schools
Emerging Global business schools have an established reputation for
excellence among employers that stretches well beyond their region.
They attract high-quality candidates from all over the world, and
graduates can expect to earn highly competitive salaries. Though
in many cases they are newer and not as firmly established as the
‘brand name’ institutions that make up the Elite Global cluster, these
institutions will in many cases aspire to break into the Elite Global
group in years to come.
There are a total of 73 Emerging Global schools worldwide. North
America leads with 27, ahead of Europe (20), Asia-Pacific (12), Latin
America (8) and Middle East & Africa (4).
Elite Regional business schools
Elite Regional institutions are well regarded by employers within their region,
and may have started to develop a reputation further afield. Admitted students
typically have strong credentials, though they may be slightly less experienced on
average than those at Elite Global or Emerging Global institutions. Elite Regional
institutions are often younger institutions that, having established an excellent
reputation among employers within their region, will be looking to establish their
brand as one with a truly global reach.
There are a total of 45 Elite Regional schools worldwide. North America leads with
20, ahead of Europe (14), Asia-Pacific (9), Latin America (1) and Middle East & Africa
(1).
Emerging Regional schools
Emerging Regional institutions have established a solid reputation among
employers within their own country. They will appeal to candidates with fewer
years of professional experience, and graduate salaries are on average more modest
than those at Elite Regional institutions. Having established a good reputation
among domestic employers, they will now be looking to increase their visibility
among international employers and students.
There are a total of 44 Emerging Regional schools worldwide. North America leads
with 22, ahead of Europe (10), Asia-Pacific (11) and Latin America (1).
Top business schools
by region:
1. Elite global
2013 2012 Institution Country Employer Index
Avg GMAT Score Avg Years Work %
Intern'l % Female Class Size
1 1 Harvard Business School United States 100,0 730 4 34 41 941 2 3 Stanford University Graduate School of
Business
United States 100,0 729 4 42 35 398 3 4 The Wharton School, University of
Pennsylvania
United States 99,9 725 5 35 42 845 4 6 The University of Chicago Booth
School of Business United States 99,6 715 5 33 35 579 5 2 The Kellogg School of Management,
Northwestern University United States 99,6 708 5 40 35 477 6 5 Columbia Business School, Columbia
University United States 98,4 670 5 34 29 213 7 9 UCLA Anderson School of
Management
United States 94,1 704 5 33 34 360 8 13 Joseph L. Rotman School of
Management, University of Toronto
Canada 91,0 673 4,5 48 31 313 9 7 Sloan School of Management,
Massachusetts Institute of Technology (MIT)
United States 88,9 710 5 39 38 390 10 10 The Fuqua School of Business, Duke
University
United States 88,1 690 5 40 33 432 11 8 Haas School of Business, UC Berkeley United States 85,2 715 5 37 33 240 12 11 University of Michigan, Ross School of
Business United States 83,8 703 5 36 30 502 13 16 York University, Schulich School of
Business
Canada 77,3 664 5 50 36 345 14 12 Richard Ivey School of Business, The
University of Western Ontario
Canada 76,0 669 5 31 29 133 15 14 Desautels Faculty of Management at
McGill University Canada 75,3 670 5 55 35 70 16 21 HEC Montreal Canada 72,3 630 7 37 28 113 17 17 Yale School of Management, Yale
University
United States 71,5 717 6 27 35 230 18 18 Queen's School of Business Canada 71,2 661 5 40 32 119
America, this year’s results see a greater level of variation at the top of the table.
Harvard retains the top spot, yet last year’s second-placed institution Kellogg School of
Management drops to fifth, overtaken by Stanford, Wharton and Chicago Booth.
Canadian school Joseph L Rotman is the biggest climber in the top ten, moving up five places
to eighth. The only school to drop out of the top ten this year is UC Berkley’s Haas School of
Business, which drops three places to 11th.
A total of 18 schools from the region qualify for Elite Global status. The two new additions
are the University of North Carolina’s Kenan-Flagler Business School, and the MBA program
at Canada’s University of Alberta. The US accounts for two-thirds of the Elite Global schools
in the region, with 12 to Canada’s six.
The top three schools are also the strongest in terms of students’ average GMAT scores,
suggesting that there is a close match between the perceptions of employers and the
best-qualified MBA students.
However, the correlation is far less precise beyond the leading three. NYU Stern School of
Business is placed fourth for average GMAT scores but just 21st for employer recognition,
with 17th-placed Yale School of Management and 11th-placed Haas School of Business also
boasting among the highest average GMAT scores.
In the case of NYU Stern, the New York City factor may help it to attract top candidates, while
Berkeley and Yale both have big-name pulling power. In contrast, Columbia, Rotman and
Fuqua all make the top ten for employer recognition yet have average GMAT scores of under
700 – a benchmark reached or surpassed by 15 other schools.
Institution Avg Salary on Graduation (USD) Avg Mean Bonus (USD) % Employed 3 Months After Graduation Program Length (Months) Total Tuition Fees (USD)
Harvard Business School 120000 26216 74 24 112350 Stanford University Graduate School of Business 129692 26573 92 24 119100 The Wharton School, University of Pennsylvania 120000 28563 83 21 119472 The University of Chicago Booth School of Business 115079 27680 89 21 117520 The Kellogg School of Management, Northwestern
University
120000 21755 86 20 118170 Columbia Business School, Columbia University 103453 25549 94 20 121440 UCLA Anderson School of Management 100000 22320 80 24 75180 Joseph L. Rotman School of Management, University of
Toronto 89848 13237 82 18 75000 Sloan School of Management, Massachusetts Institute of
Technology (MIT) 118406 22925 94 24 61440 The Fuqua School of Business, Duke University 112626 27793 80 22 118000 Haas School of Business, UC Berkeley 97000 20272 80 21 77096 University of Michigan, Ross School of Business 111047 26111 85 21 116900 York University, Schulich School of Business 86587 8730 94 16 55900 Richard Ivey School of Business, The University of Western
Ontario
93078 10668 90 12 78280 Desautels Faculty of Management at McGill University 90000 22000 98 20 80000 HEC Montreal 72776 5800 71 12 14200 Yale School of Management, Yale University 104147 26318 85 21 114400 Queen's School of Business 62580 9495 80 12 82000
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Stanford and Wharton also have the highest average salaries, underlining
their dominance. Yet second-placed Stanford beats Harvard, with average
salary-plus-bonus remuneration totaling an impressive US$156,235.
McGill University’s Desautels Faculty of Management has the highest
employment rates, with 98% of graduates having secured jobs within three
months of graduation – though at US $112,000, average remuneration is not
quite as high as at the top US schools.
Average salaries for MBAs from Elite Global schools in North America
stand at US$102,573, with an average bonus of $20,666 bringing the
total package to around $123,239. This places them just ahead of MBAs
graduating from Elite Global schools in Europe, who earn average
salary-plus-bonus packages of $122, 983.
Though base salaries tend to be slightly lower than in Europe (US$102,573
compared to US$107,432), North American graduates earn significantly
higher bonuses, averaging US$20,666 compared to the European figure of
US$15,551.
2013 2012 Institution Country Employer Index Avg GMAT Score Avg Years Work % Intern'l %
Female Class Size
19 15 Sauder School of Business, University
of British Columbia Canada 64,4 646 6 56 26 124 20 20 Thunderbird School of Global
Management United States 60,2 618 5 58 27 303 21 19 Stern School of Business, New York
University (NYU) United States 56,2 720 5 39 35 389 22 31 University of Alberta, Alberta MBA
Programs Canada 53,2 600 5 56 42 80 23 25 Kenan-Flagler Business School,
University of North Carolina
United States
49,6 690 5 36 29 290 24 24 Boston University School of
Management
United States
48,0 683 5 37 33 147 25 27 Kelley School of Business, Indiana
University United States 38,5 664 5 34 30 178 26 29 Tepper School of Business, Carnegie
Mellon University United States 38,2 693 5 32 27 203 27 22 Tuck School of Business at Dartmouth United
States 36,9 716 5 36 35 280 28 30 University of Virginia Darden School of
Business United States 35,9 703 5 34 35 320 29 28 McCombs School of Business, Univ. of
Texas at Austin
United States
35,7 684 5 25 33 261 30 37 Texas A&M University, Full-Time MBA
Program, Mays Business School
United States
33,2 649 5 35 24 66 31 23 S.C. Johnson Graduate School of
Management, Cornell University United States 32,7 700 5 34 30 271 32 44 School of Business Administration,
University of Miami United States 32,2 638 3 29 38 88 33 35 McDonough School of Business,
Georgetown University United States 31,8 684 5 22 29 258 34 33 University of Illinois Urbana-Champaign
- Illinois MBA
United States
31,6 650 4 41 26 123 35 36 Georgia Tech College of Management United
States
31,3 678 5 13 31 68 36 26 Goizueta Business School, Emory
University United States 30,8 681 5 37 23 205
37 32 Vanderbilt University, Owen Graduate School of Management
United States
29,9 682 5 22 35 175 38 67 The Carroll School of Management,
Boston College
United States
28,7 666 4 31 31 103 39 47 Babson College United
States 27,4 630 5 42 29 160 40 42 Hult International Business School United
States 27,2 610 6 86 29 2250 41 38 Florida International University,
Chapman Graduate School of Business United States 26,1 555 3 41 35 85 42 34 Marshall School of Business, University
of Southern California
United States
25,7 700 5 19 30 1794 43 Weatherhead School of Management,
Case Western Reserve University
United States
24,0 615 3 52 42 106 44 51 John Molson School of Business,
Concordia University Canada 23,9 623 6 58 37 74 45 43 Edwards MBA University of
Saskatchewan Canada 23,2 550 4 13 17 30 46 56 University of Calgary, Haskayne School
of Business Canada 23,0 620 5 46 32 53
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
The US accounts for 22 of the 27 Emerging Global schools in North America, with Canada
claiming five. The three schools closest to the Elite Global category are Canada’s Sauder
School of Business, University of British Columbia, and the US’s Thunderbird School of
Global Management and Stern School of Management, NYU.
Four Emerging Global schools in the region have a GMAT average score of over 700: NYU
Stern (720), Tuck School of Business Dartmouth (716), University of Virginia Darden School of
Business (703), S.C. Johnson Graduate School of Management, Cornell University (700) and
Marshall School of Business, University of Southern California (700).
As in the Elite Global, the level of correlation between level of employer recognition and
average GMAT scores is highly variable. NYU Stern’s score places it above all but three of the
region’s Elite Global schools, while the lowest-ranked school in the category for employer
recognition, University of Southern California, is among the best GMAT performers
Average salaries
Institution Avg Salary on Graduation
(USD) Avg Mean Bonus (USD) % Employed 3 Months After Graduation Program Length (Months) Total Tuition Fees (USD)
Sauder School of Business, University of British Columbia 81028 11150 80 16 52000 Thunderbird School of Global Management 83034 N/A N/A 18 86160 Stern School of Business, New York University (NYU) 94968 26291 80 22 122548 University of Alberta, Alberta MBA Programs 73329 9800 94 20 97900 Kenan-Flagler Business School, University of North Carolina 102170 24606 86 21 107984 Boston University School of Management 97734 15561 87 21 87940 Kelley School of Business, Indiana University 97489 19740 89 21 93100 Tepper School of Business, Carnegie Mellon University 100000 18289 96 21 115000 Tuck School of Business at Dartmouth 115302 27384 93 21 117870 University of Virginia Darden School of Business 109335 27900 92 21 101800 McCombs School of Business, Univ. of Texas at Austin 105112 23426 94 21 97664 Texas A&M University, Full-Time MBA Program, Mays
Business School 93511 11040 100 16 46399 S.C. Johnson Graduate School of Management, Cornell
University 106900 26900 79 21 111896 School of Business Administration, University of Miami 62613 19429 80 21 83040 McDonough School of Business, Georgetown University 99799 24071 89 21 107200 University of Illinois Urbana-Champaign - Illinois MBA 82693 11667 89 21 59952 Georgia Tech College of Management 93195 15236 94 22 110656 Goizueta Business School, Emory University 103453 25549 94 22 92000 Vanderbilt University, Owen Graduate School of
Management 95134 22219 92 21 90000 The Carroll School of Management, Boston College 94147 12290 85 22 84000 Babson College 89742 14706 88 21 83668 Hult International Business School 89510 10000 80 12 65800 Florida International University, Chapman Graduate School
of Business 49574 4177 80 12 35490 Marshall School of Business, University of Southern
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Weatherhead School of Management, Case Western Reserve University
80762 10857 N/A 21 87960 John Molson School of Business, Concordia University 72707 10000 77 16 35255 Edwards MBA University of Saskatchewan 63088 N/A 94 12 35000 University of Calgary, Haskayne School of Business 63300 5000 96 16 27000
The average starting salary+bonus package for MBAs from Emerging Global schools in
North America stands just short of six figures, at US$97,617. This compares to an average of
$123,239 for graduates from the region’s Elite Global schools.
Seven schools have average six-figure base salaries: Kenan-Flagler Business School,
University of North Carolina (US$102,170), Tepper School of Business, Carnegie Mellon
University ($100,000), Tuck School of Business at Dartmouth ($115,000), University of Virginia
Darden School of Business ($109,335), McCombs School of Business, Univ. of Texas at Austin
($105,112), S.C. Johnson Graduate School of Management, Cornell University ($106,900) and
Goizueta Business School, Emory University ($103,453).
Top salary+bonus packages are earned by MBAs from Tuck School of Business at Dartmouth
($142,686), followed by University of Virginia Darden School of Business ($137,235). The
lowest earners are MBAs from Florida International University, Chapman Graduate School of
Business, with total packages averaging US$53,751.
2013 2012 Institution Country Employer Index Avg GMAT Score Avg Years Work % Intern'l % Female Class Size
47 53 University of Colorado at Boulder
Leeds School of Business United States 22,6 630 5 24 25 83 48 University of Massachusetts - Boston
- Boston MBA Program
United States 22,5 587 4 52 50 42 49 University of Victoria - Faculty of
Business
Canada 22,2 573 4 57 51 53 50 49 Georgia State University, J. Mack
Robinson College of Business United States 21,7 571 5 43 57 26 51 64 The Paul Merage School of Business,
University of California, Irvine United States 21,2 673 5 28 23 83 52 45 The Johns Hopkins Carey Business
School United States 20,6 650 3 56 40 N/A 53 78 Darla Moore School of Business,
University of South Carolina United States 20,6 622 5 15 27 93 54 62 University of California - Davis,
Graduate School of Management
United States 20,4 692 4 25 35 55 55 74 American University Kogod School of
Business
United States 19,8 575 4,5 30 40 30 56 The Fox School of Business, Temple
University United States 19,8 617 5 14 44 52 57 41 Simon Fraser University, Segal
Graduate School of Business Canada 19,7 630 9 36 27 55 58 39 University of Wisconsin-Madison
Wisconsin School of Business United States 19,6 675 5 9 41 118 59 40 Rice University, Jesse H. Jones
Graduate School of Business
United States 18,9 676 5 29 35 116 60 55 Max M. Fisher College of Business, The
Ohio State University
United States 18,8 673 5 34 25 118 61 Rady School of Management,
University of California, San Diego
United States 18,7 680 4,4 47 40 53 62 57 School of Business, George
Washington University United States 16,8 635 4 35 42 113
63 Telfer School of Management,
University of Ottawa Canada 16,5 622 7 49 27 49 64 University of San Francisco, Masagung
Graduate School of Management United States 16,2 570 4 33 51 70 65 W. P. Carey School of Business,
Arizona State University United States 15,0 675 4,8 42 25 69 66 59 University of San Diego United States 14,5 626 4 37 32 20 67 82 Rutgers Business School - Newark and
New Brunswick United States 14,4 644 4 18 18 90
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Institution Avg Salary on Graduation (USD) Avg Mean Bonus (USD) % Employed 3 Months After Graduation Program Length (Months) Total Tuition Fees (USD)University of Colorado at Boulder Leeds School of Business 76750 3929 69 21 71146 University of Massachusetts - Boston - Boston MBA
Program
N/A N/A 88 20 35000 University of Victoria - Faculty of Business N/A N/A 80 17 27945 Georgia State University, J. Mack Robinson College of
Business
80906 N/A 52 14 37544 The Paul Merage School of Business, University of
California, Irvine
79000 12840 94 21 94176 The Johns Hopkins Carey Business School N/A N/A N/A 21 96000 Darla Moore School of Business, University of South
Carolina 76572 9292 84 23 71580 University of California - Davis, Graduate School of
Management
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
American University Kogod School of Business 80000 13500 74 22 66028 The Fox School of Business, Temple University 79078 13356 98 24 62624 Simon Fraser University, Segal Graduate School of Business 52000 N/A 68 12 34500 University of Wisconsin-Madison Wisconsin School of
Business 91625 18695 86 21 62442 Rice University, Jesse H. Jones Graduate School of
Business 99506 16058 92 22 97000 Max M. Fisher College of Business, The Ohio State
University 80081 15264 80 21 92704 Rady School of Management, University of California, San
Diego 73000 11500 79 21 84000 School of Business, George Washington University 84208 13250 85 21 84645 Telfer School of Management, University of Ottawa 70900 N/A 78 12 37000 University of San Francisco, Masagung Graduate School of
Management
70000 2000 65 21 69560 W. P. Carey School of Business, Arizona State University 92556 13000 89 22 94000 University of San Diego 78289 N/A 70 22 73360 Rutgers Business School - Newark and New Brunswick 85053 15593 91 24 80000
2013 2012 Institution Country Employer Index Avg GMAT Score Avg Years Work % Intern'l % Female Class Size
68 46 Claremont Graduate University - Peter
F. Drucker United States 13,9 625 2 30 47 39 69 77 Robert H. Smith School of Business,
University of Maryland
United States 13,8 660 4,5 34 31 278 70 54 University of Denver, Daniels College of
Business
United States 13,7 614 4 32 30 106 71 50 The Eli Broad Graduate School
of Management, Michigan State University
United States 13,3 630 4 33 20 92 72 65 Southern Methodist University, Cox
School of Business
United States 13,2 641 4 22 22 108 73 71 Graduate School of Business,
California Lutheran University
United States 12,8 550 4 30 40 80 74 Shidler College of Business, University
of Hawaii at Manoa United States 12,6 626 5 16 32 38 75 61 Mendoza College of Business,
University of Notre Dame United States 12,4 692 5 8 23 130 76 Katz Graduate School of Business,
University of Pittsburgh United States 12,3 608 4 44 28 104 77 Pepperdine University, The Graziadio
School of Business
United States 12,0 628 4 12 35 25 77 52 Smeal College of Business, Penn State
University
United States 12,0 643 5 32 26 80 79 Charles H. Kellstadt Graduate School
of Business, DePaul University
United States 11,9 623 4 27 23 52 80 75 Michael G. Foster School of Business,
University of Washington United States 11,8 670 6 20 38 130 81 58 DeGroote School of Business,
McMaster University Canada 11,7 630 2 24 37 235 82 73 School of Management, University at
Buffalo / SUNY United States 11,4 606 1 30 33 102 83 76 Naveen Jindal School of Managementt,
The University of Texas at Dallas
United States 11,3 669 4 40 60 63 83 66 Olin Business School, Washington
University in St. Louis
85 60 Krannert School of Management, Purdue University
United States 11,1 632 4 64 24 239 86 70 Auburn University College of Business United States 9,8 619 3 25 38 48 87 48 University of Minnesota, Carlson
School of Management United States 9,7 690 4 30 25 107 88 Clark University Graduate School of
Management
United States 9,5 566 3 59 46 45 89 68 Mason School of Business, College of
William & Mary
United States 9,3 610 4 44 40 112 90 LeBow College of Business, Drexel
University United States 9,2 613 5 38 35 35
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Institution Avg Salary on Graduation (USD) Avg Mean Bonus (USD) % Employed 3 Months After Graduation Program Length (Months)Total Tuition Fees (USD)
Claremont Graduate University - Peter F. Drucker 73215 12000 N/A 24 101400 Robert H. Smith School of Business, University of
Maryland
92938 12548 82 21 76950 University of Denver, Daniels College of Business 53083 11800 61 21 69840 The Eli Broad Graduate School of Management, Michigan
State University
83588 14216 91 24 104724 Southern Methodist University, Cox School of Business 87694 16694 95 22 86072 Graduate School of Business, California Lutheran
University N/A N/A N/A 12 32000 Shidler College of Business, University of Hawaii at Manoa N/A N/A 83 21 42296 Mendoza College of Business, University of Notre Dame 99500 15000 87 21 90260 Katz Graduate School of Business, University of Pittsburgh 63000 9000 86 20 90584
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Smeal College of Business, Penn State University 84345 10915 86 21 94232 Charles H. Kellstadt Graduate School of Business, DePaul
University 63000 6000 88 18 62700 Michael G. Foster School of Business, University of
Washington 109000 14330 97 24 110484 DeGroote School of Business, McMaster University 66700 3000 80 20 76875 School of Management, University at Buffalo / SUNY 50157 6119 77 21 40292 Naveen Jindal School of Managementt, The University of
Texas at Dallas 78107 11277 87 16 26000 Olin Business School, Washington University in St. Louis 95000 15000 94 22 99400 Krannert School of Management, Purdue University 85897 15482 83 21 87000 Auburn University College of Business 57169 3786 N/A 17 31500 University of Minnesota, Carlson School of Management 82436 16158 97 22 90000 Clark University Graduate School of Management N/A N/A N/A 24 113850 Mason School of Business, College of William & Mary 75674 12885 83 21 82708 LeBow College of Business, Drexel University 65000 5357 63 18 54000
Top business schools
by region:
1. Elite global
INSEAD retains its position as the region’s number one institution ahead of London Business
School (LBS) his year. The two have a profile among international MBA employers that far
exceeds that of any other school in the region, and places them alongside Harvard Business
School at the top of the global hierarchy.
Behind the top two there has been a shift in the hierarchy this year, with Spain’s IE Business
School and Oxford’s Said Business School moving up to third and fourth respectively, and last
year’s third-placed school IMD dropping to sixth.
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
2013 2012 Institution Country Employer Index
Avg GMAT Score Avg Years Work % Intern'l % Female Class Size
1 1 INSEAD - France France 100,0 704 5 93 33 1006 2 2 London Business School United
Kingdom 100,0 698 5 91 33 406 3 4 IE Business School Spain 99,6 680 5 97 33 450 4 6 Oxford University, Said Business
School
United Kingdom
99,3 698 6 94 25 232 5 3 IMD Switzerland 98,6 670 7 98 28 90 6 7 SDA Bocconi School of Management Italy 98,3 650 5 73 32 90 7 5 IESE Business School, University of
Navarra Spain 95,3 672 4 80 29 280 8 9 ESADE Business School Spain 92,7 670 6 87 34 159 9 11 Copenhagen Business School Denmark 92,2 620 8 95 40 47 10 8 HEC MBA Program (Paris) France 89,6 689 6 87 32 361 11 10 The St.Gallen MBA, University of St
Gallen Switzerland 81,0 660 6 85 25 35 12 14 Trinity MBA,University of Dublin, Trinity
College Ireland 67,7 600 9 70 22 27 13 12 Judge Business School, University of
The UK and Spain both have three Elite Global schools, ahead of Switzerland (2), France (2),
Denmark (1), Ireland (1) and Italy (1).
Students at INSEAD have the region’s highest average GMAT scores at 704, ahead of LBS and
Oxford Said, both on 698. GMAT performance in the region lags significantly behind North
America. INSEAD is the only European school with an average score of over 700, compared to
15 schools in North America.
Around 88.5% of MBAs from Elite Global schools in Europe are employed within three
months of graduating, a slightly better rate than the 85.4% achieved by those in North
America. Cambridge Judge Business School achieves a leading figure of 97%, alongside two
Spanish schools: ESADE Business School and IESE Business School, University of Navarra.
Average salaries
Institution Avg Salary on Graduation
(USD) Avg Mean Bonus (USD) % Employed 3 Months After Graduation Program Length (Months) Total Tuition Fees (USD) INSEAD - France 122900 26600 84 10 59500 London Business School 113779 18698 96 21 97000 IE Business School 102500 20000 92 13 59900 Oxford University, Said Business School 99000 7000 90 12 54000 IMD 142412 17500 89 11 63000 SDA Bocconi School of Management 95000 10103 83 12 59000 IESE Business School, University of Navarra 101990 16700 97 19 93000 ESADE Business School 90400 11100 97 18 74100 Copenhagen Business School 100031 12000 77 12 57000 HEC MBA Program (Paris) 109880 17641 88 16 62400 The St.Gallen MBA, University of St Gallen 110000 N/A 90 12 67000 Trinity MBA,University of Dublin, Trinity College 100000 N/A 70 11 38350 Judge Business School, University of Cambridge 108736 13724 97 12 57000
bonuses of $15,551 taking the total average remuneration to US$122,983. This total falls just
of the North American figure of $123,239.
Perhaps predictably, the strongest average salaries earned by European MBAs are those from
Swiss school IMD (US$159,912), placing it number one in the world ahead of the US’s Stanford
Graduate School of Business (US$156,265). INSEAD (US$149, 500) is second in the region.
Only three of the 13 Elite Global schools in Europe have average base salaries below
US$100,000 per annum: ESASE Business School (US$90,400), SD Bocconi School of
Management (US$95,000), and Oxford Said (US$99,000). However, all three cross the six-figure
threshold once bonuses are included.
2. Emerging Global
2013 2012 Institution Country Employer Index
Avg GMAT Score Avg Years Work % Intern'l % Female Class Size
14 19 Imperial College Business School, Imperial
College London United Kingdom 58,6 660 7 65 29 52 15 15 Mannheim Business School Germany 54,3 675 5 60 22 58 16 Frankfurt School of Finance and Management Germany 53,4 N/A 4 N/A N/A N/A 17 22 Cranfield School of Management United
Kingdom
51,5 650 9 75 30 73 18 20 Warsaw University of Technology, Business
School Poland 49,1 500 5 30 42 20 19 21 Rotterdam School of Management, Erasmus
University Netherlands 48,4 640 6 96 33 138 20 17 Warwick Business School, University of
Warwick United Kingdom 47,4 640 6 91 27 67 21 13 European Business School (EBS) Germany 45,1 600 4 58 7 N/A 22 18 Central European University, CEU Business
School Hungary 44,6 600 8 94 39 32 23 26 ESIC Business & Marketing School Spain 44,4 670 5 72 32 40 24 Politecnico di Milano > MIP - School of
Management
Italy 42,2 602 4 70 30 50 25 16 WHU Otto Beisheim School of Management Germany 39,8 600 4 51 30 31 26 25 Vlerick Leuven Gent Management School Belgium 34,8 640 6 90 28 87
A total of 20 European schools make the Emerging Global category, spread across 10
nations: UK (6), Germany (4), Belgium (2), Hungary (2), Spain (2), France (1), Ireland (1), Italy (1),
Netherlands (1), and Poland (1)
The leading school for employer recognition is the UK’s Imperial College Business School,
Imperial College London, ahead of Germany’s Mannheim Business School and Frankfurt
School of Finance and Management.
Average GMAT scores range from 675 at Mannheim Business School to 500 at Warsaw
University of Technology Business School and Henley Business School. Candidates at the
UK’s Cranfield School of Management average as many as 9 years’ experience, while those at
European University (Barcelona, Geneva, Munich) average as few as two.
32 48 Solvay Business School, ULB (Universite Libre
de Bruxelles) Belgium 26,5 600 8 90 62 23 33 42 Henley Business School United
Kingdom 24,8 500 12 60 28 33 34 54 European University (Barcelona, Geneva,
Munich)
Spain 23,4 550 2 80 60 N/A 27 27 Manchester Business School, The University
of Manchester
United Kingdom
33,8 625 6 90 35 114 28 24 Corvinus University of Budapest, Corvinus
School of Management Hungary 31,8 565 7 80 30 15 29 23 ESSEC Business School France 30,0 650 6 80 13 24 30 43 University of Edinburgh Business School United
Kingdom
29,3 586 7 96 44 54 31 35 University College Dublin, Smurfit School of
Business
Ireland 27,1 620 8 47 29 45
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Institution Avg Salary on Graduation
(USD) Avg Mean Bonus (USD) % Employed 3 Months After Graduation Program Length (Months) Total Tuition Fees (USD)
Imperial College Business School, Imperial College London 97000 11750 96 12 56000 Mannheim Business School 52000 10000 100 12 33000 Frankfurt School of Finance and Management N/A N/A N/A 12 40300
Cranfield School of Management 98100 11988 97 13 52500
Warsaw University of Technology, Business School N/A N/A 100 12 12220 Rotterdam School of Management, Erasmus University 88000 12963 81 12 58000 Warwick Business School, University of Warwick 75000 17712 95 12 47500 European Business School (EBS) 69062 N/A 74 16 42250 Central European University, CEU Business School 69062 N/A 74 11 17500 ESIC Business & Marketing School 80000 6000 N/A 11 34218 Politecnico di Milano > MIP - School of Management 84000 10700 74 14 47500 WHU Otto Beisheim School of Management N/A N/A 95 15 45500 Vlerick Leuven Gent Management School 116475 6000 100 12 46500 Manchester Business School, The University of Manchester 79521 11799 93 18 40000 Corvinus University of Budapest, Corvinus School of
Management
35000 N/A 80 24 12000 ESSEC Business School 76000 16070 N/A 12 59000 University of Edinburgh Business School 98500 N/A 95 12 23200
University College Dublin, Smurfit School of Business 85000 5000 97 12 39000
Solvay Business School, ULB (Universite Libre de Bruxelles) N/A N/A 60 12 32500 Henley Business School N/A N/A N/A 12 37500 European University (Barcelona, Geneva, Munich) N/A N/A 80 9 22620
The diverse range of nations represented in the Emerging Global category means graduate
salaries vary significantly. Average salary+bonus compensation comes out at US$91,088,
ranging from US$122,475 at Vlerick Leuven Gent Management School to US$35,000 at
Corvinus University of Budapest, Corvinus School of Management.
Average starting salary + bonus compensation tops six figures for MBAs from four schools:
Imperial College Business School, Cranfield School of Management, Rotterdam School of
Management Erasmus University and Vlerick Leuven Gent Management School.
Mannheim Business School, Warsaw University of Technology Business School and Vlerick
Leuven Gent Management School all boast 100% employment rates within three months of
graduation.
3. Elite Regional
2013 2012 Institution Country Employer Index
Avg GMAT Score Avg Years Work % Intern'l % Female Class Size
35 31 EDHEC Business School France 22,7 613 8 85 45 46 36 45 Ashridge Business School United
Kingdom 22,3 573 10 92 33 25 37 28 HHL - Leipzig Graduate School of
Management Germany 20,3 630 5 70 30 25 37 30 Sorbonne Graduate Business School -
IAE de Paris France 20,2 550 4 80 50 N/A 39 29 ESMT European School of
Management and Technology
Germany 18,5 640 6 88 40 40 40 Nottingham Trent University -
Nottingham Business School
United Kingdom
17,9 500 3 10 10 0 41 32 MIB School of Management Italy 17,2 627 5 18 30 49 42 Nottingham University Business School United
Kingdom 17,2 600 5 88 35 68 43 Faculdade de Economia, Universidade
Nova de Lisboa
Portugal 16,9 609 7 11 26 19 44 37 Cass Business School United
Kingdom
16,6 635 8 87 25 80 45 55 Grenoble Graduate School of Business,
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
46 The Business School, University of
Exeter United Kingdom 15,1 600 7 73 64 28 47 49 Universiteit van Amsterdam,
Amsterdam Business School
Netherlands 14,3 630 5 90 50 25 47 47 LUISS Business School Italy 14,3 500 3 40 20 N/A 49 50 Business School Lausanne Switzerland 14,2 600 7 100 40 20
Institution Avg Salary on Graduation (USD) Avg Mean Bonus (USD) % Employed 3 Months After Graduation Program Length (Months) Total Tuition Fees (USD)
EDHEC Business School 85400 21000 90 10 50000 Ashridge Business School 162000 N/A 92 12 48500 HHL - Leipzig Graduate School of Management 88000 19500 80 15 34500 Sorbonne Graduate Business School - IAE de Paris N/A N/A N/A 14 62000 ESMT European School of Management and Technology 96000 10000 98 12 39000 Nottingham Trent University - Nottingham Business School 0 12 21600 MIB School of Management 81163 20000 87 12 37500 Nottingham University Business School 73000 N/A 90 12 19500 Faculdade de Economia, Universidade Nova de Lisboa N/A N/A N/A 11 20800 Cass Business School 87750 21000 87 12 52000 Grenoble Graduate School of Business, Grenoble Ecole de
Management
67000 N/A 68 12 39000 The Business School, University of Exeter N/A N/A N/A 12 28500 Universiteit van Amsterdam, Amsterdam Business School 66000 N/A 90 12 40000 LUISS Business School N/A N/A 80 17 28080 Business School Lausanne 90000 N/A 85 12 44800
4. Emerging Regional
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
2013 2012 Institution Country Employer Index
Avg GMAT Score Avg Years Work % Intern'l % Female Class Size
50 38 EMLYON Business School France 13,2 595 7 82 29 31 51 33 Aston Business School, Aston
University
United Kingdom
12,7 620 6 93 30 60 52 51 Durham Business School, Durham
University United Kingdom 11,9 560 9 90 36 45 53 58 Bradford University School of
Management United Kingdom 10,2 600 0 99 23 97 54 62 IAE AIX, Graduate School of
Management - Universite Paul Cezanne (Aix-Marseille III) France
France 9,8 580 8 60 40 20 55 44 School of Management, University of
Bath United Kingdom 9,3 610 8 86 44 60 56 41 ALBA Graduate Business School Greece 9,1 600 4 40 40 45 57 56 Hochschule Offenburg - University of
Applied Sciences
Germany 9,1 520 4 82 65 N/A 58 63 EADA Spain 8,3 650 5 92 41 32 59 53 EAE Business School Spain 8,2 510 5 85 45 N/A 60 57 University of Strathclyde Business
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Institution Avg Salary on Graduation
(USD) Avg Mean Bonus (USD) % Employed 3 Months After Graduation Program Length (Months) Total Tuition Fees (USD)
EMLYON Business School 95304 N/A 80 12 47500 Aston Business School, Aston University 75000 N/A 85 12 37300 Durham Business School, Durham University 75553 N/A N/A 12 28000 Bradford University School of Management 75000 N/A 92 12 26000 IAE AIX, Graduate School of Management
- Universite Paul Cezanne (Aix-Marseille III) France
40000 N/A N/A 12 22000 School of Management, University of Bath 92000 N/A 92 12 47000 ALBA Graduate Business School 52000 N/A 90 12 20100 Hochschule Offenburg - University of Applied
Sciences
N/A N/A N/A 15 9428,9 EADA 70000 N/A 83 11 39000 EAE Business School 40000 N/A N/A 12 19500 University of Strathclyde Business School 66500 15000 N/A 12 37500
Top business schools
by region:
Two Asian schools make this year’s Elite Global group: INSEAD Singapore and Indian
Institute of Management, Ahmedabad. First-placed INSEAD Singapore holds a significant
advantage over all of its regional rivals in terms of employer recognition.
Starting salaries at INSEAD Singapore are on a par with many Elite Global schools in Europe
and North America, totaling US$103,700 (salary plus bonus). IIM Ahmedabad’s average
graduate salary of US$68,000 is the lowest of any Elite Global school.
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Average salaries
Institution Avg Salary on Graduation
(USD) Avg Mean Bonus (USD) % Employed 3 Months After Graduation Program Length (Months) Total Tuition Fees (USD) INSEAD - Singapore 122900 26600 84 10 59500 Indian Institute of Management, Ahmedabad 66888 N/A 100 22 36000
2013 2012 Institution Country Employer Index Avg GMAT
Score Avg Years Work
%
Intern'l % Female Class Size
1 1 INSEAD - Singapore Singapore 92,1 704 5 93 33 1006 2 2 Indian Institute of Management,
2. Emerging Global business schools
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
2013 2012 Institution Country Employer Index
Avg GMAT Score Avg Years Work %
Intern'l % Female Class Size
3 5 Melbourne Business School, The
University of Melbourne Australia 60,0 664 5 72 40 50 4 3 National University of Singapore -
NUS Business School Singapore 55,0 590 5 90 27 96 5 4 Indian Institute of Management,
Bangalore India 51,2 780 2 10 20 N/A 6 12 Indian School of Business India 46,7 709 5 6 29 569 7 8 Peking University, Beijing International
MBA Programs - BiMBA China 36,7 676 7 36 38 50 8 7 University of New South Wales, AGSM
MBA Programs Australia 36,2 652 7 65 33 48 9 9 Indian Institute of Management
Calcutta
India 35,0 780 2 3 12 N/A 10 6 Nanyang Business School, Nanyang
Technological University
Singapore 31,1 680 6 86 43 72 11 10 China Europe International Business
School (CEIBS)
China 29,8 692 5 45 30 180 12 14 The HKUST Business School Hong Kong 27,3 673 5 97 36 109 13 11 Macquarie Graduate School of
Management, Macquarie University
Australia 25,6 680 7 90 34 74 14 17 The Australian National University, ANU
College of Business and Economics
category: Australia (4), India (3), China (2) and Singapore (2).
Melbourne Business School is the top-ranking Emerging Global school in the region, ahead of
Singapore’s NUS Business School and India’s IIM Bangalore.
The extremely high average GMAT scores at Indian schools are skewed by the fact that
only a very small number of candidates have taken the test. Stats at the other Emerging
Global schools in the region are variable, ranging from 680, at Nanyang Business School and
Macquarie Graduate School of Management, to 500 at Sydney Business School, University of
Wollongong.
Average salaries
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Institution Avg Salary on Graduation (USD) Avg Mean Bonus (USD) % Employed 3 Months After Graduation Program Length (Months) Total Tuition Fees (USD)
Melbourne Business School, The University of Melbourne 112065 19456 91 16 70000 National University of Singapore - NUS Business School 67786 1300 89 17 41200 Indian Institute of Management, Bangalore 30000 N/A 100 21 9000 Indian School of Business 44000 N/A 100 12 45000 Peking University, Beijing International MBA Programs -
BiMBA
N/A N/A N/A 18 37300 University of New South Wales, AGSM MBA Programs 85308 17837 92 16 67320 Indian Institute of Management Calcutta 27500 4870 100 24 8000 Nanyang Business School, Nanyang Technological
University
53016 3377 91 16 40000 China Europe International Business School (CEIBS) 79516 9486 92 18 49800 The HKUST Business School 127600 19839 97 16 67350 Macquarie Graduate School of Management, Macquarie
University 143583 N/A 82 12 56500 The Australian National University, ANU College of Business
The strength of the Australian dollar is reflected in the stellar salaries of its graduates.
Macquarie University has one of the highest figures of any business school in the world
at 143,583, while graduates of three other Australian schools stand to earn in excess of
US$100,000: University of New South Wales AGSM MBA Programs, Melbourne Business
School, and Sydney Business School, University of Wollongong.
Due to the range of economies represented, the regional average is considerably lower,
at US$78,261. Salaries in China and India remain considerably lower than those on offer
elsewhere in the region, with graduates of School of Management, Fudan University
(US$29,070) and Indian Institute of Management, Bangalore ($30,000) the lowest earners.
3. Elite Regional schools
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
2013 2012 Institution Country Employer Index Avg GMAT Score
Avg Years Work
%
Intern'l % Female Class Size
15 13 Sydney Business School, University of Wollongong
Australia 24,6 500 2 75 20 99 16 21 School of Management, Fudan
University
China 23,4 600 5 10 45 113 17 16 Monash University Faculty of Business
and Economics Australia 20,1 550 11 4 23 48 18 22 The Chinese University of Hong Kong Hong
Kong 17,9 650 5,6 80 45 75 19 23 The University of Hong Kong, Faculty
of Business and Economics Hong Kong 17,6 657 6 90 48 53 20 34 Seoul National University, Graduate
School of Business
Korea, South
17,3 510 5 25 23 60 21 19 School of Economics and
Management, Tsinghua University
China 17,1 650 6 45 38 123 22 26 The University of Adelaide, Business
School
Australia 16,9 550 8 15 35 80% of received appliations 23 32 La Trobe University - La Trobe
Business School
Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)
Institution Avg Salary on Graduation
(USD) Avg Mean Bonus (USD) % Employed 3 Months After Graduation Program Length (Months) Total Tuition Fees (USD)
Sydney Business School, University of Wollongong 102500 N/A 92 16 33000 School of Management, Fudan University 29070 N/A 96 24 2100 Monash University Faculty of Business and Economics N/A 20000 76 24 65340 The Chinese University of Hong Kong N/A N/A 92 16 47900 The University of Hong Kong, Faculty of Business and
Economics 70000 N/A 85 14 58022 Seoul National University, Graduate School of Business 53000 10000 100 12 40000 School of Economics and Management, Tsinghua University N/A 6428 N/A 24 28000 The University of Adelaide, Business School N/A N/A 100 15 34849 La Trobe University - La Trobe Business School 110000 N/A 94 15 27000
4. Emerging Regional
2013 2012 Institution Country Employer Index Avg GMAT
Score Avg Years Work
%
Intern'l % Female Class Size
24 15 Asian Institute of Management Philippines 12,6 656 4 71 28 140 25 25 Waseda Business School Japan 12,0 580 8 45 28 90 26 27 Guanghua School of Management,
Peking University China 11,6 637 6 72 44 433 27 24 Indian Institute of Foreign Trade India 10,2 650 2 3 20 N/A 28 S P Jain School of Global Management India 9,8 680 2 0 33 180 29 18 Brisbane Graduate School of Business,
QUT Australia 7,8 610 9 18 33 N/A 30 30 School of Business, Bond University Australia 6,6 580 8 63 41 39 31 28 Lee Kong Chian School of Business,
