INSEAD tops the PoetsandQuants’ 2017 international MBA ranking from PoetsandQuants
For the third consecutive year, INSEAD’s 10-month MBA program has won top honors in Poets&Quants’ 2017 ranking of the best full-time international MBA experience. London Business School, which for many years was neck-and-neck with INSEAD for the top spot, slipped to third place behind Spain’s IESE Business School.
Otherwise, there were few ranking changes among the Top Ten international schools, with European MBA programs completely dominating the list. Spain’s IE Business School remained in fourth place, Switzerland’s IMD dropped to fifth after its tie with IE last year, and all the remaining Top Ten schools held onto their 2016 positions. HEC Paris was sixth, Cambridge University’s Judge Business School was seventh, Italy’s SDA Bocconi retained its eighth place finish, while ESADE was ninth and the University of Oxford’s Said Business School was tenth.
There were more dramatic moves up and down the ranking for many other schools, however. Germany’s Mannheim Business School rose seven places to rank 11th. The Rotterdam School of Management at Erasmus University in Amseterdam gained eight spots to rank 15th, while both City Univercity’s Cass Business School and the University of Hong Kong advanced 11 positions to rank 15th and 20th, respectively.
THE YEAR’S BIG WINNERS & LOSERS
Among the largest gainers were Hult International Business School, with seven campuses in locales that range from London, and Shanghai to New York and San Francisco, which climbed 17 places to rank 22nd. Audencia Business School in France rose 13 positions to finish 56th from 69th.
This P&Q list is a composite of four major and most credible MBA rankings published by The Financial Times, The Economist, Bloomberg Businessweek and Forbes. The ranking takes into account a massive wealth of quantitative and qualitative data captured in these major lists, from surveys of corporate recruiters, MBA graduates, deans and faculty publication records to median GPA and GMAT scores of entering students as well as the latest salary and employment statistics of alumni. Poets&Quants ranks U.S. schools separately (see Wharton Dislodges Harvard In 2017 U.S. Ranking).
A COMPOSITE RANKING THAT TAKES INTO ACCOUNT FOUR DIFFERENT LISTS
By blending these rankings using a system that takes into account each of their strengths as well as their flaws, we’ve come up with what is arguably the most authoritative ranking of MBA programs ever published. The list tends to diminish anomalies and other statistical distortions that often occur in one ranking or another. Instead of simply merging together the four rankings, P&Q weighs them according to the soundness of their methodologies (The FT and Forbes are both weighted 30% each, while the BW and Economist rankings are each given a 20% weight.) A composite list lends greater stability to a ranking of schools that rarely change from year to year.
The very best schools on the list are ranked by all four core sources, generating something of a consensus on their reputation and overall quality. Those schools tend to dominate the top of this list. MBA programs that make only one or lists clearly have less reputational capital–and in all likelihood aren’t up to the quality of the higher-ranked schools.
This year, 71 different business school made one or more of the four lists. But only 16 of the schools won a place on all four rankings, and 10 schools were ranked by three sources. Several schools fell off this year’s P&Q ranking because they are no longer ranked by any of the four lists.
SEVERAL SCHOOLS FELL OFF THE LIST THIS YEAR, INCLUDING TWO IN CHINA AND TWO IN CANADA
The schools that completely fell off the radar this year include two in China, Renmin’s China School of Business and Fudan University, two in Canada, the University of British Columbia’s Sauder School of Business and Alberta School of Business. The University of Cape Town’s Business School also disappeared after placing 57th last year.
The newcomers include No. 54 Indian Institute of Management in Calcutta, one of a trio of IIMs on this year’s list, No. 57 Vlerick Business School in Belgium, and No. 59 Ryerson University’s Ted Rogers School of Business Management in Toronto, Canada.
More so than rankings of the U.S. schools, individual rankings of international MBA programs can be widely erratic, in part because rankings can markedly differ on each of the four major lists. The Economist, for example, assigns numerical ranks to many non-U.S. MBA programs that don’t even make The Financial Times‘ ranking and the same is true of the FT. The Indian School of Business, for example, is ranks as the 14th best international MBA program by the FT, but doesn’t make The Economist list or any other ranking, for that matter. The University of Queensland in Australia, is ranked as the second best international program by The Economist, yet overlooked by the FT, Forbes and Businessweek. Such anomalies are common on a ranking of the best 71 MBA programs outside the U.S. market.
GROWING NUMBER OF APPLICANTS MAKING INSEAD THEIR FIRST CHOICE
With its third consecutive time at the top of the ranking, INSEAD appears to be pulling away from London Business School as the premier international MBA in the world. With its three campuses in Europe (Fontainebleau, France), Asia (Singapore), and the Middle East (Abu Dhabi), the school offers in ten short months the quintessential global immersion in business with no dominant country culture. In 2017, INSEAD was ranked first by both The Financial Times and Bloomberg Businessweek, second by Forbes, and fourth by The Economist.
What’s behind INSEAD’s consistent rankings’ performance? In an essay entitled Why INSEAD’s Time Has Finally Come, former admissions director Caroline Diarte Edwards points to five core factors: the academic excellence of the program, the fact that it is a truly international experience, providing a springboard for an international career and a global network, along with a killer return on investment in a program that can be completed in under a year.
“INSEAD’s winning formula has firmly cemented its position among the world’s leading business schools,” she wrote. “We have certainly seen increasing volumes of applicants from the U.S. and around the globe targeting INSEAD as their first choice.”
(See following pages for the rankings tables)
INSEAD bills itself as “the business school for the world”
The Definitive List Of The Top International MBA Programs of 2017 — 1 to 25
For the third consecutive year, INSEAD tops our list of the best international MBA programs. The big news this year: London Business School falls into third place behind IESE in Spain.
| 2017 Rank |
School Name | 2016 Rank | Index | Financial Times |
The Economist | Business Week |
Forbes |
|---|---|---|---|---|---|---|---|
| #1 | INSEAD | 1 | 100.0 | 1 (1) | 4 (4) | 1 (2) | 2 (1) |
| #2 | IESE Business School | 3 | 98.6 | 5 (8) | 3 (1) | 3 (5) | 2 (2) |
| #3 | London Business School | 2 | 98.5 | 3 (2) | 9 (9) | 2 (1) | 1 (1) |
| #4 | IE Business School | 4 | 96.2 | 4 (4) | 10 (5) | 8 (6) | 3 (5) |
| #5 | IMD | 4 | 96.0 | 10 (5) | 8 (7) | 5 (7) | 1 (2) |
| #6 | HEC Paris | 6 | 95.8 | 9 (7) | 1 (1) | 10 (11) | 4 (3) |
| #7 | Cambridge (Judge) | 7 | 95.5 | 2 (3) | 17 (24) | 6 (4) | 4 (3) |
| #8 | SDA Bocconi | 8 | 94.2 | 11 (12) | 7 (13) | 7 (8) | 5 (4) |
| #9 | ESADE | 9 | 93.3 | 8 (10) | 14 (19) | 9 (12) | 5 (10) |
| #10 | Oxford (Saïd) | 10 | 88.4 | 18 (14) | 27 (36) | 4 (3) | 6 (7) |
| #11 | Mannheim Business School | 18 | 85.7 | 29 (29) | 11 (14) | 14 (20) | 8 (NR) |
| #12 | Warwick Business School | 12 | 85.0 | 24 (27) | 4 (6) | 23 (22) | 14 (8) |
| #13 | Cranfield School of Management | 13 | 82.3 | 28 (31) | 20 (16) | 20 (14) | 10 (6) |
| #13 | National University of Singapore | 14 | 82.3 | 13 (17) | 46 (48) | 19 (21) | 7 (7) |
| #15 | Rotterdam School of Management | 23 | 80.3 | 17 (24) | 39 (43) | 29 (26) | 9 (NR) |
| #16 | CEIBS | 15 | 73.6 | 6 (9) | NR (NR) | 26 (24) | 3 (4) |
| #17 | Manchester Business School | 16 | 71.2 | 16 (21) | NR (NR) | 18 (19) | 6 (6) |
| #18 | City University (Cass) | 29 | 67.1 | 21 (20) | 22 (17) | NR (NR) | 12 (NR) |
| #19 | Lancaster School of Management | 17 | 66.0 | 23 (19) | 26 (31) | NR (NR) | 11 (9) |
| #20 | University of Hong Kong | 31 | 62.3 | 22 (26) | 5 (11) | 7 (NR) | NR (NR) |
| #21 | Imperial Business School | 28 | 59.5 | 25 (18) | 35 (NR) | 13 (15) | 13 (NR) |
| #22 | Hult International | 39 | 59.3 | NR (NR) | 16 (23) | 21 (17) | 15 (NR) |
| #23 | Melbourne Business School | 20 | 55.9 | 39 (46) | 6 (12) | 12 (9) | NR (NR) |
| #24 | Hong Kong UST | 20 | 54.9 | 7 (6) | 44 (27) | 25 (29) | NR (5) |
| #25 | ESMT | 19 | 54.7 | 35 (36) | 12 (18) | 15 (13) | NR (NR) |
Source: Poets&Quants composite ranking
Notes: NR is not ranked; Ranks shown for The Financial Times and The Economist are for non-U.S. schools; Year-earlier rank given inside ().
(See following page for the next 25 business schools on the list)
Western University’s Ivey School of Business
The Definitive List Of The Top International MBA Programs of 2017 — 26 to 50
| 2017 Rank |
School Name | 2016 Rank | Index | Financial Times |
The Economist | Business Week |
Forbes |
|---|---|---|---|---|---|---|---|
| #26 | Western (Ivey) | 21 | 52.0 | 44 (47) | 19 (22) | 11 (10) | NR (NR) |
| #27 | Queen’s University | 25 | 51.4 | 49 (49) | 40 (33) | 16 (18) | NR (NR) |
| #28 | Ipade | 26 | 44.5 | 46 (42) | NR (NR) | NR (NR) | 9 (8) |
| #29 | York (Schulich) | 27 | 43.3 | NR (NR) | 24 (20) | NR | 8 (9) |
| #30 | Nanyang Business School | 31 | 41.3 | 12 (16) | 30 (26) | NR (NR) | NR (NR) |
| #31 | Macquarie | 33 | 40.1 | 26 (30) | 15 (15) | NR (NR) | NR (NR) |
| #32 | HEC Montreal | 30 | 39.6 | NR (NR) | NR (NR) | 31 (31) | 17 (11) |
| #33 | St. Gallen | 22 | 37.8 | 32 (33) | NR (39) | 17 (16) | NR (NR) |
| #34 | EDHEC | 36 | 37.1 | 37 (44) | 13 (8) | NR (NR) | NR (NR) |
| #35 | Toronto (Rotman) | 35 | 36.5 | 33 (32) | 22 (NR) | NR (23) | NR (NR) |
| #36 | Durham Business School | 37 | 35.8 | 38 (38) | 18 (25) | NR (NR) | NR (NR) |
| #37 | Strathclyde Business School | 38 | 33.8 | 40 (35) | 25 (30) | NR (NR) | NR (NR) |
| #38 | Grenoble de Management Ecole | 44 | 31.7 | 43 (50) | 31 (34) | NR (NR) | NR (NR) |
| #39 | Birmingham | 45 | 31.1 | 47 (48) | 28 (40) | NR (NR) | NR (NR) |
| #40 | University College Dublin (Smurfit) | 41 | 30.6 | 36 (41) | 47 (37) | NR (NR) | NR (NR) |
| #41 | Copenhagen Business School | 48 | 27.2 | NR (NR) | 37 (45) | 30 (27) | NR (NR) |
| #42 | Indian School of Business | 49 | 26.3 | 14 (15) | NR (NR) | NR (NR) | NR (NR) |
| #43 | Indian Institute of Mgt.-Ahmedabad | 34 | 26.0 | 15 (11) | NR (42) | NR (NR) | NR (NR) |
| #44 | SP Jain | 46 | 25.7 | NR (NR) | NR (NR) | NR (NR) | 16 (10) |
| #45 | Shanghai Jiao Tong | 50 | 24.8 | 19 (22) | NR (NR) | NR (NR) | NR (NR) |
| #46 | Chinese Univ. of Hong Kong | 47 | 24.5 | 20 (13) | NR (NR) | NR (NR) | NR (NR) |
| #47 | Indian Institute of Mgt.-Bangalore | 54 | 22.4 | 27 (34) | NR (NR) | NR (NR) | NR (NR) |
| #48 | Sungkyunkwan | 56 | 21.5 | 30 (39) | NR (NR) | NR (NR) | NR (NR) |
| #49 | Australian Graduate School of Management | 24 | 21.2 | 31 (37) | NR (NR) | NR (NR) | NR (11) |
| #50 | The Lisbon MBA | 51 | 20.3 | 34 (23) | NR (NR) | NR (NR) | NR (NR) |
Source: Poets&Quants composite ranking
Notes: NR is not ranked; Ranks shown for The Financial Times and The Economist are for non-U.S. schools
(See following page for the next 25 business schools on the list)
Queensland Business School
The Definitive List Of The Top International MBA Programs of 2017 — 51 to 71
| 2017 Rank |
School Name | 2016 Rank | Index | Financial Times |
The Economist | Business Week |
Forbes |
|---|---|---|---|---|---|---|---|
| #51 | Queensland | 55 | 20.0 | NR (NR) | 2 (3) | NR (NR) | NR (NR) |
| #52 | Incae | 59 | 18.2 | 41 (43) | NR (NR) | NR (NR) | NR (NR) |
| #53 | University of Edinburgh | 43 | 29.2 | 42 (53) | NR (28) | NR (NR) | NR (NR) |
| #54 | Indian Institute of Mgt.-Calcutta | NR | 17.0 | 45 (NR/td> | NR (NR) | NR (NR) | NR (NR) |
| #55 | Henley Business School | 58 | 16.5 | NR (NR) | 19 (10) | NR (NR) | NR (NR) |
| #56 | Audencia Nantes | 69 | 16.1 | NR (NR) | 21 (44) | NR (NR) | NR (NR) |
| #57 | Vlerick Business School | NR | 16.0 | 48 (NR) | NR (NR) | NR (NR) | NR (NR) |
| #58 | University of Bath | 42 | 15.7 | NR (54) | 23 (21) | NR (NR) | NR (NR) |
| #59 | Ryerson (Rogers) | NR | 15.5 | NR (NR) | NR (NR) | 24 (NR) | NR (NR) |
| #60 | McGill University (Desautels) | 40 | 15.3 | NR (45) | NR (NR) | 28 (25) | NR (NR) |
| #61 | ESIC | 62 | 14.7 | NR (NR) | NR (NR) | 27 (28) | NR (NR) |
| #62 | University of Edinburgh | 43 | 14.5 | NR (53) | 29 (28) | NR (NR) | NR (NR) |
| #63 | EMLyon | 63 | 13.9 | NR (NR) | 32 (29) | NR (NR) | NR (NR) |
| #64 | University of Monaco | 68 | 13.7 | NR (NR) | 33 (41) | NR (NR) | NR (NR) |
| #65 | Nottingham | 66 | 13.5 | NR (NR) | 34 (35) | NR (NR) | NR (NR) |
| #66 | Sun Yat-sen University | 71 | 13.1 | NR (NR) | 36 (47) | NR (NR) | NR (NR) |
| #67 | HHL Leipzig | 70 | 12.7 | NR (NR) | 38 (46) | NR (NR) | NR (NR) |
| #68 | Leeds University | 61 | 12.1 | 41 (52) | NR (NR) | NR (NR) | NR (NR) |
| #69 | WHU (Otto Beisheim) | 65 | 11.9 | NR (NR) | 42 (32) | NR (NR) | NR (NR) |
| #70 | University of Liverpool | 72 | 11.7 | NR | 43 (49) | NR | NR |
| #71 | Trinity College Dublin | 67 | 11.3 | NR (NR) | 45 (38) | NR (NR) | NR (NR) |
Source: Poets&Quants composite ranking
Notes: NR is not ranked; Ranks shown for The Financial Times and The Economist are for non-U.S. schools
DON’T MISS: POETS&QUANTS’ 2017 RANKING OF THE TOP 100 MBA PROGRAMS IN THE U.S.
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