FT Global MBA ranking 2021: methodology and key
This Monetary Periods MBA position functions the world’s most effective a hundred entire-time MBA programmes. A total of 143 universities took component in the 2021 version. All collaborating universities satisfy the FT’s entry standards, which include currently being accredited by Equis or the AACSB.
The FT surveys alumni a few several years following completing their MBA. For universities to enter the position calculations, the FT demands that a minimum amount of twenty per cent of alumni reply to the survey, with at the very least twenty fully done surveys. This year only, due to the fact of disruption from the Covid-19 disaster, the FT viewed as universities with a reduced response amount. About 6,570 from the course of 2017 done our survey — a response amount of forty four per cent.
FT MBA position 2021 — prime a hundred
Obtain out which universities are in our position of MBA degrees. Study how the table was compiled.
The position has twenty various standards. Alumni responses tell 8 standards that jointly lead 61 per cent of its body weight. Eleven standards are calculated from school knowledge, accounting for 29 per cent of the position. KPMG audits a range of universities each individual year. The remaining criterion, the analysis rank, counts for 10 per cent.
Alumni-knowledgeable standards are centered on the knowledge gathered in excess of a few several years. Responses from the 2021 survey carry 50 per cent of total body weight and those from 2020 and 2019, 25 per cent just about every. If only two several years of knowledge are out there, the weighting is split sixty:40 if knowledge are from 2021 and 2020, or 70:30 if they are from 2021 and 2019. For salary figures, the weighting is 50:50 for two years’ knowledge.
The initial two alumni standards are common revenue a few several years following graduation and salary raise in contrast with pre-MBA salary, equally weighted at twenty per cent. For the latter, half of the body weight applies to the absolute raise and half to the percentage increase (released). Existing salaries are converted to US bucks utilizing November 2020 IMF purchasing ability parity prices.
The salaries of non-revenue and public sector workers and entire-time pupils are taken off, as are the highest and cheapest salaries from just about every school, to determine a normalised common. Eventually, salaries are weighted to replicate dissimilarities between various sectors.
“Value for money” for just about every school is calculated by dividing their common alumni salary a few several years following graduation by their MBA’s total price tag, which include tuition, dropped salary, opportunity price tag and other bills. Any fiscal enable presented to alumni is subtracted from the total.
The FT also collects information from universities on their present-day school, newly enrolled pupils and the most current graduating course. College standards involve the range of staff members, board associates and pupils by gender, nationality and the MBA’s international get to. For gender standards, universities with a 50:50 composition rating highest.
The analysis rank is centered on the range of content by entire-time school in 50 internationally recognised educational and practitioner journals. The rank brings together the range of publications from January 2018 to August 2020, with the range weighted relative to school dimension.
The corporate social responsibility rank is centered on the proportion of training hrs from main programs dedicated to CSR, ethics, social and environmental issues. It carries a body weight of a few per cent.
The FT Worldwide MBA position is a relative listing. Educational institutions are ranked versus just about every other by calculating a Z-rating for just about every criterion. The Z-rating is a statistic that demonstrates wherever a rating lies in relation to the indicate. These scores are then weighted as outlined in the position crucial and included jointly for a ultimate rating.
Right after removing universities that did not satisfy the response amount threshold from the alumni survey, a initial model is calculated utilizing all remaining universities. The school at the bottom is taken off and a 2nd model is calculated and so on until eventually we get to the prime a hundred. The prime a hundred universities are ranked appropriately to generate the 2020 list.
Some universities that took component in the position formerly were being unable to take part this time thanks to problems from the pandemic.
Judith Pizer of Pizer-MacMillan acted as the FT’s database consultant.
Monetary Periods MBA 2021 crucial
Weights for position standards are proven in brackets as a percentage of the all round position.
Income nowadays **: common alumnus salary a few several years following completion, US$ PPP equal. This figure is not used in the position. #
Weighted salary (twenty): common alumnus salary a few several years following completion, US$ PPP equal, with adjustment for variants between sectors. #
Income raise (twenty): common variation in alumni salary from prior to the MBA to now. 50 percent of this figure is calculated in accordance to the absolute salary raise and half in accordance to the percentage raise relative to pre-MBA salary. #
Value for funds (3): calculated utilizing salary nowadays, course duration, tuition and other prices, which include dropped revenue during the MBA. #
Career progress (3): calculated in accordance to changes in the amount of seniority and the dimension of business alumni function in now, in contrast with prior to their MBA. #
Aims obtained (3): the extent to which alumni fulfilled their stated plans or factors for undertaking an MBA. #
Professions assistance (3): efficiency of the school professions assistance for profession counselling, private growth, networking events, internship search and recruitment, as rated by their alumni. #
Used at a few months (2): percentage of the most current graduating course which experienced observed employment or accepted a occupation present in a few months of completing their studies. The figure in brackets is the percentage of the course for which the school was in a position to deliver employment knowledge and is used to determine the school’s ultimate rating in this classification. §
Alumni propose (3): calculated in accordance to choice by alumni of a few universities from which they would recruit MBA graduates. #
Woman school (2): percentage of feminine school.
Woman pupils (2): percentage of feminine pupils on the entire-time MBA.
Girls on board (1): percentage of feminine associates on the school’s advisory board.
Worldwide school (four): calculated in accordance to the range of school by citizenship and the percentage whose nationality differs from their country of employment — the figure released in the table. ‡
Worldwide pupils (four): calculated in accordance to the range of present-day MBA pupils by citizenship and the percentage whose nationality differs from the country in which they research — the figure in the table. ‡
Worldwide board (2): percentage of the board whose citizenship differs from the country in which the school is centered.
Worldwide mobility (6): centered on alumni citizenship and the nations around the world wherever they labored prior to their MBA, on graduation and a few several years following.
Worldwide course expertise (3): calculated in accordance to regardless of whether the most current graduating MBA course done exchanges and business internships, long lasting at the very least a month, in nations around the world other than wherever the school is centered. For 2021, the calculation was centered on the common across the past two or a few several years of international course expertise knowledge, if out there. For universities that have taken component for the initial time this year, only knowledge from the 2021 survey were being used.
Additional languages (1): range of languages required on graduation, excluding English. §
School with doctorates (five): percentage of entire-time school with a doctoral degree.
FT analysis rank (10): calculated in accordance to the range of content released by present-day entire-time school associates in 50 chosen educational and practitioner journals between January 2018 and July 2020. The FT50 rank brings together the absolute range of publications with the range weighted relative to the faculty’s dimension.
Corporate social responsibility (3): proportion of training hrs from main programs dedicated to CSR, ethics, social and environmental issues.
General satisfaction **: common analysis by alumni of the course, scored out of 10. Right after alumni answered many inquiries about their MBA expertise, they were being questioned to amount their all round satisfaction, on a 10-position scale. This figure is not used in the position.
Footnotes
Educational institutions with a 50:50 (male/feminine) composition receive the highest attainable rating in the a few gender-related standards.
§ Alumni who done MBA between July 2019 and June 2020.
# Consists of knowledge for the course of 2017 and a single or two previous lessons wherever out there.
‡ Whilst we recognise the difference between Chinese and Taiwanese scholars and pupils, in China no this kind of difference may perhaps have been noticed when recording range.
** Classification not used in the position.
The FT analysis rank was calculated utilizing Clarivate Analytics knowledge from the Website of Science, an summary and quotation database of analysis literature.
