The Economist has made its
first ranking of the world's best executive MBA programs, looking at 27 criteria, including quality of students and faculty, percentage of students who receive promotions on graduation, and average salary increase graduates can expect. Which of the world's EMBAs took top spot? That of a Canadian school that, it's fair to say, has just made its name. ONE business school emerges as the clear winner in The Economist’s first ranking of executive MBA programmes. The Kellogg School of Management, which partners with universities around the world, has four joint programs in the top 10. The rankings look at 27 criteria, including the quality and diversity of students, the quality of the faculty, the percentage of students who receive a promotion after they graduate and the average salary increase graduates can expect. 1. YORK UNIVERSITY, SHULICH SCHOOL OF BUSINESS (Toronto, Canada) Program Fees: USD$61,800 Number one is its joint programme with Schulich School of Business at York University, in Ontario, Canada. Participants on the Kellogg-Schulich programme gave the highest marks for the quality of their classmates as well as for faculty and facilities. It also came top when alumni were asked the extent to which the programme helped them achieve their pre-MBA career goals. 2. INSTITUTO DE EMPRESA BUSINESS SCHOOL (Madrid, Spain) Program Fees: USD$82,300 The EMBA at IE Business School, ranked second, makes extensive use of distance learning, and face-to-face classes take place in Spain, China and Brazil, so it is not essential for students to be too near at hand. Its programme performs particularly well in the salary category, which is the most heavily weighted in the ranking. IE students reported that their basic salaries had risen by 52% by the time they graduated, from $101,569 to $154,281. Within two years they could expect their salaries to have increased by 125%, more than those of students at any other school. 3. NATIONAL UNIVERSITY OF SINGAPORE, NUS BUSINESS SCHOOL (Singapore) Program Fees: $41,337 It is interesting to note that a school’s joint EMBA will often rank higher than its standalone programme. The UCLA-National University of Singapore joint EMBA, ranked third, fares better than the standalone programmes at UCLA (13th) or the NUS (43rd). 4. UNIVERSITY OF OXFORD, SAID BUSINESS SCHOOL (Oxford, UK) Program Fees: n/a Saïd Business School was established in 1996 and has rapidly established itself as a leading full-range school offering undergraduate, MBA and doctoral programmes. The Oxford “brand” is a huge attraction, particularly in North America. 5. UNIVERSITY OF NAVARRA, IESE BUSINESS SCHOOL (Barcelona, Spain) Program Fees: $95,610 Career advancement is a big selling point at IESE, the other Spanish school ranked in the top 10 —88% of its students said that they had either been promoted or grown their company since graduation. 6. HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY, SCHOOL OF BUSINESS AND MANAGEMENT (Kowloon, Hong Kong) Program Fees: $67,446 The joint MBA offered by Kellogg and the Hong University of Science of Technology, meanwhile, got the top rank for the overall quality of its students. Students who enrol on this programme are particularly high-powered, earning on average $261,000 with 15 years’ work experience. 7. WHU, OTTO BEISHEIM SCHOOL OF MANAGEMENT (Vallendar, Germany) Program Fees: $48,710 8. NORTHWESTERN UNIVERSITY, KELLOGG SCHOOL OF MANAGEMENT (Chicago, USA) Program Fees: n/a It is interesting to note that a school’s joint EMBA will often rank higher than its standalone programme. Kellogg’s single-campus programme, although ranked a creditable eighth, lags behind those offered with partners. 10. IMD, INTERNATIONAL INSTITUTE FOR MANANGEMENT DEVELOPMENT (Lausanne, Switzerland) Program Fees: n/a
IMD was established in 1990 following the merger of two business schools: IMI, founded in Geneva by Alcan in 1946; and IMEDE, founded in Lausanne in 1957 by Nestlé.
9. UNIVERSITY OF CHICAGO, BOOTH SCHOOL OF BUSINESS (Chicago, USA) Program Fees: USD$53,400 The University of Chicago's Booth School of Business is the second-oldest business school in the US (founded in 1898) and has a deservedly high reputation for research, scholarship and teaching ability in business education. The school boasts six Nobel laureates among its past and present faculty and alumni, more than any other business school.
In 2008 the school was named after alumnus David Booth following a $300m donation, the largest gift in the university's history.