FT Executive MBA Ranking 2021: methodology and key

This is the twenty first edition of the FT’s annual ranking of the world’s best one hundred executive MBA programmes for senior doing the job administrators.

Participation in the ranking is voluntary and at the business school’s request. EMBA programmes must meet up with specified conditions to be qualified. Initially the college must be accredited by possibly the US’s Affiliation to Progress Collegiate Faculties of Organization or Europe’s Equis. The EMBA must be cohort-centered, with college students enrolling and graduating jointly, and with at the very least 30 graduates each individual 12 months.

A full of 136 programmes took aspect in the 2021 ranking process, together with 14 joint programmes delivered by much more than one particular college. Two new faculties characteristic in our desk — Moscow’s Skolkovo at fifty eight and Zhejiang at sixty five.

Information for the ranking are gathered working with two on line surveys, the to start with completed by collaborating faculties and the second by alumni who completed programmes in 2018. For a college to be qualified for the rankings, at the very least 20 for each cent of its alumni must react to the FT survey, with a minimum of 20 responses. Thanks to the Covid-19 disaster, this 12 months, the FT considered faculties with a lower response price. About four,770 alumni completed the survey — an overall response price of all over 47 for each cent.

Alumni responses inform five ranking conditions: salary nowadays, salary raise, job development, get the job done practical experience and aims attained. With each other they account for fifty five for each cent of the ranking’s fat. The to start with two conditions about alumni salaries each individual rely for 20 for each cent.

Salaries of non-revenue and community sector personnel, as very well as whole-time college students, are taken off. Remaining salaries are converted to US bucks working with the hottest getting electrical power parity (PPP) costs supplied by the International Monetary Fund. The maximum and lowest salaries are then taken off and the necessarily mean typical “current salary” is calculated for each individual college. Income raise is calculated in accordance to the variation in typical salary prior to the EMBA to 3 many years after completion. Fifty percent of the ranking fat is utilized to the complete raise and the other 50 percent to the proportion raise relative to pre-EMBA pay back.

When obtainable, alumni conditions are knowledgeable by the past 3 surveys. Responses from the 2021 survey carry fifty for each cent of the full fat and people from 2020 and 2019 each individual account for twenty five for each cent. Excluding salary-associated conditions, if only two many years of data are obtainable, the weighting is break up 60:forty if data are from 2021 and 2020, or 70:30 if from 2021 and 2019. For salary figures, the weighting is fifty:fifty for two years’ data, to prevent inflation-associated distortions.

Facts furnished by the business faculties informs 10 conditions that collectively account for 35 for each cent of the final ranking. The ESG group is centered on the proportion of main courses dedicated to environmental, social and governance problems. It carries a fat of 3 for each cent.

The fat of the college and student gender variety is four for each cent each individual. For these gender variety conditions, faculties with a fifty:fifty (male: female) composition acquire the maximum rating.

The international variety calculation is centered on the overall proportion of college students and college from abroad as very well as the distribute of these individuals by citizenship centered on the Herfindahl index, a evaluate of concentration.

The final criterion, the FT research rank, accounts for 10 for each cent of the ranking. It is calculated in accordance to the range of articles posted by schools’ whole-time college in fifty internationally recognised educational and practitioner journals. The rank combines the complete range of publications from January 2018 and all over May perhaps 2021 with the range of publications weighted relative to the faculty’s dimensions.

The FT rankings are relative. Faculties are ranked versus each individual other relatively than versus set requirements. The FT calculates the Z-scores for each individual criterion. (Z-scores demonstrate how far a school’s data is from the necessarily mean and are unitless, so they allow the ranking to be centered on quite various conditions — salary, percentages and factors.) These scores are then weighted as outlined in the ranking crucial and included jointly for a final rating.

Immediately after eliminating the faculties that did not meet up with the minimum response price from their alumni, a to start with edition is calculated working with all remaining faculties. The college at the base is taken off and a second edition is calculated. This motion is repeated to discover the best one hundred.

Judith Pizer of Pizer-MacMillan acted as the FT’s database consultant.

The FT research rank was calculated working with Clarivate data covering fifty journals selected by FT from the Internet of Science, an summary and quotation database of research literature.

Weights for ranking conditions are shown in brackets as a proportion.

Income nowadays US$ (20): typical alumnus salary 3 many years after completion, US$ PPP equivalent.†

Income raise (20): typical variation in alumni salaries among prior to the EMBA and now. Fifty percent of this determine is calculated in accordance to the complete salary raise, and 50 percent in accordance to the proportion raise relative to the pre-EMBA salary – the determine posted in the desk. †

Careers development (five): calculated in accordance to alterations in the amount of seniority and the dimensions of enterprise alumni get the job done in now, vs . prior to their EMBA.†

Perform practical experience (five): a evaluate of the pre-EMBA practical experience of alumni in accordance to the seniority of positions held, range of many years in each individual situation, organisation dimensions and overseas get the job done practical experience.†

Aims attained (five): the extent to which alumni fulfilled their goals or good reasons for undertaking an EMBA.†

Feminine college (four): proportion of female college. ††

Feminine college students (four): proportion of female college students on the programme. ††

Females on board (one): proportion of female associates of the advisory board. ††

International college (five): calculated in accordance to the variety of college by citizenship and the proportion whose citizenship differs from their area of employment – the posted determine.

International college students (five): the proportion of present-day EMBA college students whose citizenship differs from the area in which they analyze, or where by the school’s principal campus is positioned, as very well as their variety by citizenship.

International board (2): proportion of the board whose citizenship differs from the area in which the business college is located.

International program practical experience (five): proportion of classroom teaching hrs that have been performed exterior the area in which the business college is located for the finishing EMBA lessons from 2018 to 2021 if obtainable. An typical calculation was taken from the 2021 survey, if data have been obtainable for required overseas teaching periods, moreover the past two years’ international program practical experience data (from the 2020 and 2019 surveys). Digital activities have been not bundled. Thanks to travel restrictions induced by the pandemic, some faculties have been not able to deliver current data for this group. If you are a potential student, be sure to get hold of the college to check out if they are in a position to offer you lessons overseas. †

Excess languages (one): the range of languages required on graduation, excluding English. * Programme not absolutely obtainable in English.

Faculty with doctorates (five): proportion of whole-time college with a doctoral diploma.

FT research rank (10): calculated in accordance to the range of articles posted by a school’s present-day whole-time college associates in fifty educational and practitioner journals among January 2018 and all over May perhaps 2021. The rank combines the complete range of publications with the range weighted relative to the faculty’s dimensions.

Environmental, social and governance (ESG) rank (3): proportion of main courses dedicated to ethical, social and environmental problems for the present-day and current finishing course. Thanks to the pandemic, some faculties do not have a present-day course, therefore data was taken from their current finishing course only.

General gratification: typical analysis by alumni of the program, scored out of 10. Immediately after alumni answered various thoughts about their EMBA practical experience, they have been asked to price their overall gratification, on a 10-position scale.

FT ranking tier: faculties are divided into four teams. Faculties at the best are in tier one particular and people at the conclude are in tier four.

† Consists of data for the present-day 12 months and the one particular or two previous many years where by obtainable.

†† For the 3 gender-associated conditions, faculties that have fifty:fifty (male:female) composition acquire the maximum feasible rating.