31 Jan 2011
London Business School's MBA programme has been ranked number one in the world for the third year running in the annual Financial Times MBA ranking published on 31 January 2011.
The School has been in the top ten since the ranking was launched in 1999 and shares the top spot this year with University of Pennsylvania: Wharton.
Professor Sir Andrew Likierman, Dean of London Business School, said: “We are very proud to have retained the top spot. This is a great tribute to everyone associated with the School who has helped us maintain our quality.”
The rankings highlight the global nature of the School, with specific reference to the high proportion of international students (92 percent) and faculty (85 percent).
Karl Naim, a current London Business School MBA student added: “What differentiates London Business School from any other business school is the diversity of its student, staff and faculty community. I believe each and every one of us draws strength, energy and ideas from this diversity. Most importantly, the School reflects the city in which it is based – connected, ambitious and hungry’’.
The ranking also draws out earning potential, with London Business School students earning a 132 percent increase in salary three years after graduating compared to when they started their degree. The School reported an employment rate of 91 percent for MBA graduates within three months of graduating in 2010, a ten percentage point increase on the 2009 figures. The School also took the second spot for aims achieved, highlighting that the School delivered on the students’ objectives.
The top ten business schools worldwide, as ranked by the Financial Times are: London Business School (1), University of Pennsylvania: Wharton (1), Harvard Business School (3), Insead (4), Stanford University GSB (5), Hong Kong UST Business School (6), Columbia Business School (7), IE Business School (8), MIT Sloan School of Management (9) and Iese Business School (10).
This ranking's methodology uses data provided by business schools and their alumni who graduated three years ago, examining three categories: alumni salaries and career development, diversity and international reach of the business school and the MBA programme, and the research capabilities of each school.
The full report is available on the FT website: www.ft.com/businesseducation/mba2011