FT Global MBA ranking 2021: methodology and key

This Financial Moments MBA ranking characteristics the world’s best 100 whole-time MBA programmes. A complete of 143 educational institutions took element in the 2021 version. All participating educational institutions meet up with the FT’s entry criteria, including being accredited by Equis or the AACSB. 

The FT surveys alumni 3 a long time right after finishing their MBA. For educational institutions to enter the ranking calculations, the FT necessitates that a minimum amount of 20 for each cent of alumni reply to the study, with at minimum 20 thoroughly accomplished surveys. This year only, simply because of disruption from the Covid-19 disaster, the FT deemed educational institutions with a lessen response charge. About 6,570 from the course of 2017 accomplished our study — a response charge of forty four for each cent. 

The ranking has 20 distinctive criteria. Alumni responses advise 8 criteria that jointly contribute 61 for each cent of its fat. Eleven criteria are calculated from university details, accounting for 29 for each cent of the ranking. KPMG audits a variety of educational institutions every single year. The remaining criterion, the analysis rank, counts for 10 for each cent. 

Alumni-informed criteria are based on the details gathered more than 3 a long time. Responses from the 2021 study have fifty for each cent of complete fat and individuals from 2020 and 2019, 25 for each cent each individual. If only two a long time of details are out there, the weighting is break up 60:40 if details are from 2021 and 2020, or 70:thirty if they are from 2021 and 2019. For income figures, the weighting is fifty:fifty for two years’ details. 

The initially two alumni criteria are average profits 3 a long time right after graduation and income boost in comparison with pre-MBA income, equally weighted at 20 for each cent. For the latter, 50 percent of the fat applies to the complete boost and 50 percent to the percentage increase (revealed). Recent salaries are transformed to US dollars using November 2020 IMF buying electricity parity premiums. 

The salaries of non-income and general public sector employees and whole-time learners are eradicated, as are the maximum and cheapest salaries from each individual university, to calculate a normalised average. Ultimately, salaries are weighted to replicate dissimilarities in between distinctive sectors. 

“Value for money” for each individual university is calculated by dividing their average alumni income 3 a long time right after graduation by their MBA’s complete value, including tuition, shed income, option value and other charges. Any economic assistance presented to alumni is subtracted from the complete. 

The FT also collects details from educational institutions on their present college, recently enrolled learners and the most recent graduating course. Faculty criteria include the diversity of workers, board members and learners by gender, nationality and the MBA’s intercontinental access. For gender criteria, educational institutions with a fifty:fifty composition score maximum. 

The analysis rank is based on the variety of articles or blog posts by whole-time college in fifty internationally recognised educational and practitioner journals. The rank combines the variety of publications from January 2018 to August 2020, with the variety weighted relative to college dimension. 

The company social responsibility rank is based on the proportion of educating hours from main courses focused to CSR, ethics, social and environmental difficulties. It carries a fat of 3 for each cent. 

The FT World-wide MBA ranking is a relative listing. Educational facilities are ranked from each individual other by calculating a Z-score for each individual criterion. The Z-score is a statistic that demonstrates where by a score lies in relation to the indicate. These scores are then weighted as outlined in the ranking important and extra jointly for a last score. 

Immediately after taking away educational institutions that did not meet up with the response charge threshold from the alumni study, a initially variation is calculated using all remaining educational institutions. The university at the bottom is eradicated and a 2nd variation is calculated and so on right up until we access the major 100. The major 100 educational institutions are ranked appropriately to deliver the 2020 listing.

Some educational institutions that took element in the ranking formerly were being not able to participate this time thanks to issues from the pandemic. 

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

Financial Moments MBA 2021 important
Weights for ranking criteria are proven in brackets as a percentage of the in general ranking. 

Income right now **: average alumnus income 3 a long time right after completion, US$ PPP equivalent. This figure is not made use of in the ranking. # 

Weighted income (20): average alumnus income 3 a long time right after completion, US$ PPP equivalent, with adjustment for variations in between sectors. #

Income boost (20): average big difference in alumni income from in advance of the MBA to now. 50 % of this figure is calculated according to the complete income boost and 50 percent according to the percentage boost relative to pre-MBA income. # 

Worth for income (three): calculated using income right now, class length, tuition and other fees, including shed profits during the MBA. # 

Profession progress (three): calculated according to improvements in the level of seniority and the dimension of firm alumni function in now, in comparison with in advance of their MBA. # 

Aims accomplished (three): the extent to which alumni fulfilled their mentioned goals or explanations for doing an MBA. # 

Professions support (three): usefulness of the university professions support for occupation counselling, individual growth, networking functions, internship research and recruitment, as rated by their alumni. # 

Utilized at 3 months (two): percentage of the most current graduating course which experienced identified employment or acknowledged a position supply inside of 3 months of finishing their reports. The figure in brackets is the percentage of the course for which the university was able to offer employment details and is made use of to calculate the school’s last score in this class. § 

Alumni endorse (three): calculated according to collection by alumni of 3 educational institutions from which they would recruit MBA graduates. # 

Female college (two): percentage of woman college. 

Female learners (two): percentage of woman learners on the whole-time MBA. 

Women of all ages on board (1): percentage of woman members on the school’s advisory board. 

Global college (four): calculated according to the diversity of college by citizenship and the percentage whose nationality differs from their region of employment — the figure revealed in the table. ‡ 

Global learners (four): calculated according to the diversity of present MBA learners by citizenship and the percentage whose nationality differs from the region in which they examine — the figure in the table. ‡ 

Global board (two): percentage of the board whose citizenship differs from the region in which the university is based. 

Global mobility (6): based on alumni citizenship and the nations around the world where by they labored in advance of their MBA, on graduation and 3 a long time right after. 

Global class encounter (three): calculated according to regardless of whether the most current graduating MBA course accomplished exchanges and firm internships, lasting at minimum a thirty day period, in nations around the world other than where by the university is based. For 2021, the calculation was based on the average across the previous two or 3 a long time of intercontinental class encounter details, if out there. For educational institutions that have taken element for the initially time this year, only details from the 2021 study were being made use of.

More languages (1): variety of languages necessary on graduation, excluding English. § 

Faculty with doctorates (five): percentage of whole-time college with a doctoral degree. 

FT analysis rank (10): calculated according to the variety of articles or blog posts revealed by present whole-time college members in fifty chosen educational and practitioner journals in between January 2018 and July 2020. The FT50 rank combines the complete variety of publications with the variety weighted relative to the faculty’s dimension. 

Company social responsibility (three): proportion of educating hours from main courses focused to CSR, ethics, social and environmental difficulties. 

In general pleasure **: average analysis by alumni of the class, scored out of 10. Immediately after alumni answered various issues about their MBA encounter, they were being requested to charge their in general pleasure, on a 10-issue scale. This figure is not made use of in the ranking. 

Footnotes
Educational facilities with a fifty:fifty (male/woman) composition acquire the maximum feasible score in the 3 gender-relevant criteria. 

§ Alumni who accomplished MBA in between July 2019 and June 2020. 

# Consists of details for the course of 2017 and one or two previous classes where by out there. 

‡ While we recognise the difference in between Chinese and Taiwanese students and learners, inside of China no this sort of difference might have been noticed when recording diversity. 

** Group not made use of in the ranking. 

The FT analysis rank was calculated using Clarivate Analytics details from the Net of Science, an summary and citation databases of analysis literature.