The ranking fever continues. After a number of recent rankings have put forward the usual suspects as the best universities worldwide, The Economist now published its list of the best MBA programs. Unsurprisingly it is mostly dominated by US institutes. Nevertheless, there are even two Dutch programs making it into the Top 100.
Two U.S. programs top of the ranking, Dartmouth College (Tuck School of Business) and University of Chicago (Booth School of Business), followed by a Swiss one, IMD (International Institute for Management Development). In the Netherlands, the Rotterdam School of Management from Erasmus University (place 67) and the TiasNimbas Business School from Tilburg University (place 93) fare best.
Salary increase between 38% and 150%
The ranking was built by the economist based on a first selection of business schools and a subsequent two-stage survey carried out among students and alumni. This year a total of 17.700 students and graduates all over the world participated (see methodology).
MBA programs could perform on four categories, namely: opening new career opportunities (35%), personal development/educational experience (35%), increasing salary (20%) and potential to network (10%). Data was also collected regarding the profile of the program (costs, duration, teacher personnel) and those of its students (work experience, employment success).
The data shows that an MBA education remains an expensive, yet lucrative extra to many CEO's to be. Tuition fees for the Top 15 programs ranged between $93.450 and $129,600, while salaries increased upon graduation between 38% and 150%.