So long we are discussing the b-school ranking trends globally; it is apt to focus our neurotic cells on what is appositely called as the birthplace of MBA or management schools. The year 1881 saw the foundation of Wharton school of business in the USA followed by Harvard business school, the endeavour dates back more than a century.
For the better part of the initial 50 years, this new collegiate form was confined to the lands saddled between the Atlantic and the pacific oceans. This allowed a multi-fold growth in the influence both with students and employers alike. Hence it will not come as a surprise that the North American regional rating is dominated by business schools from United States.
A close look at the rankings year-on-year will shed light on the fact that the top 10 institutes remain more or less the same for close to a decade. For instance, apart from a new entry of UCLA Anderson School Of management in the top 10, the rest of the list remained intact. The top of the list comprises of Harvard Business School; Stanford University Graduate School of Business; The Kellogg School of Management and The Wharton School, not necessary in the same order, but nevertheless.
In 2011, there have been upwardly trend among relatively new business schools, some of them have ascended to their present status in relatively less time courtesy to the focused approach on research and industry-partnerships. A list of business school that have made it into the top cluster in rankings is given below; notable amongst the new juggernauts is Rotman School of Management at the University of Toronto which has made great strides in management education.
- Rotman School of Management;
- Schulich School of Business;
- Sauder School of Business;
- Samuel Curtis Johnson Graduate School of Management;
- Queen’s School of Business;
- Desautels Faculty of Management at McGill University.
Shifting focus across the Atlantic, towards the European continent- a traditional bastion of education. The continent has been a late-adopter to this form of education but the up and coming business schools have evolved at a rapid speed. A cluster of top-ranked Europe has developed which in a way has effectively challenged the hitherto unchallenged hegemony of the United States. Leading the business school ranking in Europe is the old guard- United Kingdom. 33% of top-ranked business schools have their domicile in the UK followed closely by France and Spain. In recent years Switzerland and Italy has contributed to the list of top business schools from Europe. The below mentioned trio has made it to the top cluster thus making Europe a formidable educational citadel.
- European Business School in Germany;
- Imperial College Business School;
- Copenhagen Business School.
When the center of world’s economic activity have shifted from its traditional bastion of west to the east, it will not come as a surprise that educational institutions have a part to play in this change of dynamics. If 19th and 20th century belong to the west, certainly the 21st century belongs to Asia with China and India leading the way towards unprecedented economic growth.
In Asia, the Chinese and the Indians have displayed a mercurial rise in terms of quality of education which is rightly acknowledged in rankings. This rapid rise in the rankings from the year 2004 to 2011* is the testimony of improving standard of education in Asian institutions. The benchmarks of these rising institutions are set against well-known institutions of Europe and US. This helps them in comparisons as well as provides deep insights in the area of improvement. The ever-growing economic activity in this part of the world rightly fully demand more and more accredited business schools that will help in churning out a new generation of business savvy management leaders.
Hong Kong- a former British colony- has much upped the ante and the joined major players including China and India since the year 2009*. This can be underscored by the fact that this year’s rating consist of 8 business school from Hong Kong and China. China Europe International Business School have found a place in the recent rankings. Below are the ones who made it to the Asia-Pacific rating:
- School of Management at Fudan University;
- Guanghua School of Management, Peking University;
- The Chinese University of Hong Kong;
- School of Economics and Management at Tsinghua University;
- Faculty of Business and Economics at the University of Hong Kong;
- The HKUST Business School;
- Peking University, Beijing International MBA Programs (BiMBA);
- China Europe International Business School (CEIBS).
Indian Institute of management, Ahmadabad leads the way for business schools in India. Followed closely by Indian Institute of management, Bangalore which has jumped one place to position itself at number fifth (2010)*. Indian business schools have found a significant increase in the employer perception in the last few years and that is well reflected in their improved ratings. Notable among them is Indian Institute of management, Kolkata which has leapfrog in to top 10* in 2011 from its previous 12th position. Apart from Indian Institute of Management, Kolkata the composition of the top-10* institutes from the Asia-Pacific region remained same over the last year.
The INSEAD-Singapore defies all law of geography and demography to be amongst the top-ranked business school from the region for three consecutive years it’s a marvelous feat to achieve for a diminutive country with a small population.
Latin America- dismissively known as the backyard of United states of America- has very little to boast of in terms of quality management institutions. For students and employers alike, the preferred destination is North America, Europe or Asia. However, Pontificia Universidad Católica de Chile, a business school from Chile (8th in 2010 to No. 1 in 2011)* has re-affirmed an oft-repeated consensus that free-market economies induce demand for locally trained leaders and managers.
When it comes to Africa and the Middle-East the composition of the list remained almost the same as in the year 2010, just some shuffling in the ranks with American University in Cairo losing the top spot to Graduate School of Business, University of Cape Town. Whereas, the Suliman S. Oliyan School of business, the American Institute of Beirut jumped three places to 4th position in 2011 from 7th in the year 2010*.
(*)Regional ratings: QS Global 200 Business Schools Report