[photopress:ceibs_1.jpg,full,alignright]Asian business schools are getting better than ever — that’s the message from the latest Financial Times ranking of global MBAs, which lists three Asia-based programs in the top 20.
The annual league table by the London-based business newspaper, now in its 10th year, is traditionally seen as the most authoritative global ranking, assessing worldwide MBAs on a series of criteria ranging from alumni salaries and experiences to course diversity and academic research.
This year’s top 100 remains, as ever, dominated by U.S. and European schools. 61 of the 100 are based in the U.S. or Canada, while 27 are European.
The top five schools are the same as last year, although not all in the same order. The University of Pennsylvania’s Wharton school leads the rankings again. It always leads the rankings.They have some special magic there.
Next comes London Business School — up from fifth in 2007 and the highest-rated European school ever — and then Columbia, Stanford and Harvard.
In the rest of the top ten you have Insead, MIT’s Sloan, IE, Chicago University’s Graduate Business School and Cambridge University’s Judge.
It is, however, elsewhere in the top 20 that the changes really begin.
China’s Ceibs school, based in Shanghai, remains at 11.
The rapid rise of such high-quality programs is, one expert believes, a factor of the desire in Asian countries such as China for rapid economic modernization.
‘How do you manage in fast-moving economies with limited infrastructure?’ Professor Arnoud De Meyer, director of Cambridge University’s Judge school, told the survey authors.
‘People have to be extremely creative in managing when infrastructure is under-developed.’