A recent INSEAD graduation. Will INSEAD repeat for the 3rd amount of time in a row? Will INSEAD make it a three-peat, claiming the No. 1 place in the Financial Times rating for the third consecutive time? Or will one the FT’s prior winners, the University of Pennsylvania’s Wharton School or Harvard Business School, return to the top of the list? Wharton has a commanding business lead over its rivals in taking top honors in this rating, recording the No. 1 position on 10 of the 19 lists. Harvard Business School is next, with five first place finishes.
London Business School claimed first three times, though it had to talk about the top place double with Wharton. Over that span, one obvious trend has been the higher likelihood that a European school would top the list. For the first a decade, Harvard and Wharton sat atop this ranking. For five of the last nine years, London Business School and INSEAD have been first. The FT has tweaked its methodology through the years in ways that may have allowed this trend to occur.
When the list debuted in 1999, nine of the top ten colleges were all American, with only London Business School breaking onto the list at a rank of eight. Last year, five of the ten were beyond your U.S., with INSEAD at first, Cambridge in fifth, London in 6th, and IESE Business School in Spain in tenth place.
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Only five non-U.S. institutions made the top 25 in 1999; last year, 11 schools did. Yet, U.S. business academic institutions have greater amounts of international students and faculty than ever before and are certain to put their MBAs into global immersions-and these features are measured and rated by the FT in its strategy. When the Feet list came out, only 26% of HBS’ students were international. Asian institutions have also come on strong in the FT position. At the start, when the 1999 list ranked only 50 schools, not a single Asian school made the list.
Last year, twelve institutions in Asia were included in the ranking, with CEIBS (China Europe International Business School) in Shanghai placing 11th, highest of any Asian MBA program. The tendency shows that INSEAD has the benefit in the FT ranking and will most likely win its third right No. 1 victory. However, the actual difference between a college positioned first, second, third or fourth is so tenuous that it is statistically meaningless typically. That’s because the index scores behind the ranks-undisclosed by the Financial Times-are usually just closely clustered together and mere fractions apart.
The last time the FT exposed the underyling index amounts was because of its 2001 ranking. Through the first three iterations, the figures narrowed considerably, leading the FT to no more make them open public. In 2001, the difference between No. 1 rated No and Harvard. 2 ranked Wharton was all of .8. No. 4 ranked Chicago and No. 5 Columbia was just four-tenths of a percent. In recent days, the FT has been publishing some articles to seed greater desire for its forthcoming ranking, often tossing out little teasers of information. “Mr. Trump’s election could impact the 2018 MBA ranking in two ways,” the FT suggests.
“An instantaneous impact would be a lower proportion of international students – which counts for five % of the ranking’s total score. In the long run, fewer international students would result in less diverse cohorts, which would lower the quality of classes and reduce networking opportunities. The British newspaper also offers observed that in its new position, a two-year MBA program has climbed the highest quantity of places, while a one-year MBA has suffered the biggest drop.