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Financial Times – business 
school rankings and listings 
Michael Jacobs, Statistician 
michael.j.jacobs@ft.com
The FT produces six international business school 
rankings annually: 
1. MBA 
2. Executive MBA 
3. Masters in Management 
4. Masters in Finance 
5. Executive Education 
6. European Business Schools 
• Rankings are based on surveys of schools and alumni 
• Schools must meet criteria to participate 
• The FT surveys circa 60,000 graduates from more than 
300 schools per annum
What do the FT rankings assess? 
• Alumni Careers & Employment 
Salary three years after graduation, Salary percentage increase, 
Career progress, Employment at three months 
• Programme Satisfaction 
Aims achieved, Value for money, Placement success, Alumni 
recommendation, International mobility 
• School Diversity 
Women faculty, Women students, Women board, International 
faculty, International students, International board, International 
experience, Languages 
• Idea Generation 
Faculty with doctorates, FT doctoral rank, FT research rank
FT Rankings – indicators beyond the league table 
Key 
Columbia Harvard Insead LBS MIT Stanford Wharton
FT Rankings – indicators beyond the league table 
Proportion of women students on MBA 
Programmes 
34 
32 
30 
28 
26 
24 
22 
20 
2003 2004 2005 2006 2007 2008 2009 2010 
Year of survey 
Per cent 
All North America Europe
Listings as well as Rankings: 
1. Online MBA programmes (41 Schools included in 2011) 
2. LLM programmes (62 Schools) 
All data are collected directly from schools 
Online MBA variables include: 
• Number of enrolled online MBA students 
• Intakes per year 
• International Accreditation 
• Average time taken to complete programme 
• % of students finished within five years 
• % materials online & course work 
• Local study centres 
• Regions where supported
Trends in the listings data 
• Since 2006, gradually more programmes listed with 
more specialised offerings 
• Overall programmes are genuinely online in nature: 
– More than 80% of coursework carried out online 
– 90% of programme require participants to collaborate online 
– 85% of course material online (100% for 26 programmes) 
• ...but 
– More than half of programmes require some time spent at 
university campus as part of studies 
– Similar proportion require students to take some exams offline
Trends in the listings data 
FT Online MBA listing - total number of programmes 
80 
70 
60 
50 
40 
30 
20 
10 
- 
2006 2007 2008 2009 2010 2011 
Year 
General Specialised
Why doesn’t the FT rank online MBA programmes? 
Differences in programme structures 
– Blended learning increasingly common 
– Blurred lined between online and traditional programmes 
Accreditation 
– Need to ensure common standard across schools 
– Under half of the 60 programmes listed in 2011 had international 
accreditation 
Difficulty of defining alumni cohort 
– Variation in time taken to complete the degree (on average 89% 
finish within five years) 
– Rolling start and end dates 
– Modular nature of some programmes 
Divergence of motivations amongst students 
– Reasons for study not as clear cut as full-time MBA 
– Difficult to measure outcomes beyond general satisfaction

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Financial Times – Business school rankings and listings 2011

  • 1. Financial Times – business school rankings and listings Michael Jacobs, Statistician michael.j.jacobs@ft.com
  • 2. The FT produces six international business school rankings annually: 1. MBA 2. Executive MBA 3. Masters in Management 4. Masters in Finance 5. Executive Education 6. European Business Schools • Rankings are based on surveys of schools and alumni • Schools must meet criteria to participate • The FT surveys circa 60,000 graduates from more than 300 schools per annum
  • 3. What do the FT rankings assess? • Alumni Careers & Employment Salary three years after graduation, Salary percentage increase, Career progress, Employment at three months • Programme Satisfaction Aims achieved, Value for money, Placement success, Alumni recommendation, International mobility • School Diversity Women faculty, Women students, Women board, International faculty, International students, International board, International experience, Languages • Idea Generation Faculty with doctorates, FT doctoral rank, FT research rank
  • 4. FT Rankings – indicators beyond the league table Key Columbia Harvard Insead LBS MIT Stanford Wharton
  • 5. FT Rankings – indicators beyond the league table Proportion of women students on MBA Programmes 34 32 30 28 26 24 22 20 2003 2004 2005 2006 2007 2008 2009 2010 Year of survey Per cent All North America Europe
  • 6. Listings as well as Rankings: 1. Online MBA programmes (41 Schools included in 2011) 2. LLM programmes (62 Schools) All data are collected directly from schools Online MBA variables include: • Number of enrolled online MBA students • Intakes per year • International Accreditation • Average time taken to complete programme • % of students finished within five years • % materials online & course work • Local study centres • Regions where supported
  • 7. Trends in the listings data • Since 2006, gradually more programmes listed with more specialised offerings • Overall programmes are genuinely online in nature: – More than 80% of coursework carried out online – 90% of programme require participants to collaborate online – 85% of course material online (100% for 26 programmes) • ...but – More than half of programmes require some time spent at university campus as part of studies – Similar proportion require students to take some exams offline
  • 8. Trends in the listings data FT Online MBA listing - total number of programmes 80 70 60 50 40 30 20 10 - 2006 2007 2008 2009 2010 2011 Year General Specialised
  • 9. Why doesn’t the FT rank online MBA programmes? Differences in programme structures – Blended learning increasingly common – Blurred lined between online and traditional programmes Accreditation – Need to ensure common standard across schools – Under half of the 60 programmes listed in 2011 had international accreditation Difficulty of defining alumni cohort – Variation in time taken to complete the degree (on average 89% finish within five years) – Rolling start and end dates – Modular nature of some programmes Divergence of motivations amongst students – Reasons for study not as clear cut as full-time MBA – Difficult to measure outcomes beyond general satisfaction