The world’s 15 best business schools

The Financial Times has published its Global MBA Ranking for 2018 with two-year programmes filling nine out of the first 10 places, while Insead’s one-year MBA, top for the past two years, falls to second place, behind Stanford Graduate School.

University of Pennsylvania: Wharton placed third, followed by London Business School’s two-year programme – the top British MBA.

Stanford goes back to the top thanks to a significant salary boost, up nearly $20,000 to $214,000, the FT said. And despite its location in Silicon Valley in California, a third of alumni work in corporate finance, the report said.

Hough Graduate School of Business at the University of Florida is regarded as the top in value for money despite alumni’s average salary being in the bottom fifth of ranked schools at $106,000.

The 16-month MBA has a manageable tuition fee ($30,000), and one of the lowest opportunity costs thanks to being the shortest programme on average in the US.

The FT ranking is based on surveys of the business school graduates, career progression of alumni, idea generation and diversity of students and faculty.

These are the 15 best business courses in the world, according to the Financial Times.

2018 rank 3-year rank School Country Average salary (US$) Average increase (%)
1 3 Stanford Graduate School of Business US $214 742 114%
2 1 Insead France / Singapore $177 157 105%
3 3 University of Pennsylvania: Wharton US $190 826 96%
4 4 London Business School UK $167 897 109%
5 4 Harvard Business School US $192 133 102%
6 8 University of Chicago: Booth US $174 153 118%
7 7 Columbia Business School US $177 680 103%
8 12 Ceibs China $162 858 168%
9 10 MIT: Sloan US $173 095 98%
10 10 University of California at Berkeley: Haas US $176 167 104%
11 12 IESE Business School Spain $148 480 126%
12 12 Northwestern University: Kellogg US $168 608 103%
13 9 University of Cambridge: Judge UK $162 143 100%
14 14 HKUST Business School China $158 119 112%
15 16 Yale School of Management US $166 458 114%

Read: The best MBA schools in South Africa – and how much they cost

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The world’s 15 best business schools