Financial Times - Ranking of Business Schools for Career Prospects
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Rankings of the B-Schools from Students Career Enhancement Perspective has been made in Table 1. It shows the MBA schools from a different perspective.
In analyzing the Financial Times,London data it is assumed that a MBA student opts for the program to increase his earnings potential or desires change in his career stream. Thus factors as defined in “Open New Career Opportunities ” and “Increase in salary ” are taken in consideration.
Definitions:
Open New Career Opportunities Sums the following:
1. Diversity of recruiters.Number of industry sectors.
2. Assessment of careers services.Percentage of graduates in jobs three months after graduation
3. Jobs found through the careers service.Percentage of graduates finding jobs through careers service
4.Student assessment.Meeting expectations and needs
Increase in salary considers the following:
1. How much did your salary increase after graduating? Salary change from pre–MBA to post–MBA (excluding bonuses)
25.00
2. Leaving salary.Post–MBA salary (excluding bonuses)
TABLE 1
(First twenty ranked schools in each area have been considered)
This table has been created from FT -2007 Rankings Statistics.
| Rank | Open new career opportunities | Increase in salary |
| 1 | GSB-Chicago | Ashridge |
| 2 | IIM-A | Henley |
| 3 | Berkeley -Haas | HULT |
| 4 | IE Business School | IESE |
| 5 | IESE | IMD |
| 6 | NYU-Stern | Oxford |
| 7 | Virginia-Darden | HEC |
| 8 | Dartmouth-Tuck | Strathclyde |
| 9 | Stanford | Stanford |
| 10 | Hong Kong University | LSB |
| 11 | Michigan-Ross | Harvard |
| 12 | Columbia | University of Bath |
| 13 | MIT-Sloan | Cranfield |
| 14 | IMD | TiasNimbas |
| 15 | Ohio-Fisher | RSM Erasmus |
| 16 | Northwestern-Kellogg | Dartmouth-Tuck |
| 17 | Washington University | Intl.Univ of Monaco |
| 18 | CMU-Tepper | Cambridge |
| 19 | ESADE | Manchester B-School |
| 20 | Penn State-Smeal | Monash |
Conclusion:
Table 2
| Country or Region | Open new career opportunities | Increase in salary | Schools in both category |
| Number of Schools | Number of Schools | Number of Schools | |
| USA | 14 | 4 | 2 |
| Europe | 4 | 15 | 2 |
| Hong Kong | 1 | X | X |
| India | 1 | X | X |
| Australia | X | 1 | X |
USA Schools
1.Considering both these criteria Stanford and Dartmouth are the only USA schools having Ranking in the range of 1-20.
2. If we consider only “Open new career opportunities” then there are fourteen USA schools in this category meaning thereby that these schools place more emphasis on creating career opportunities.
3.”Increase in Salary” has four USA schools HULT,Stanford,Harvard and Dartmouth
European Schools
1. IMD and IESE fall under both the categories.
Conclusion
It is concluded that American schools emphasize more on creating career opportunities or maybe on having better placement offices and contacts with the industry.They have a poor record of increase in salary as compared with their European cousins.
European School candidates have a better jump in income after completion of their MBA, may be because the concept of MBA is in the process of being integrated into European economies.The Americans have a head start in this as such this is not surprising.
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