FT MBA 2008 Rankings: Wharton is # 1 B-school; ISB Hyderabad debuts in global Top 20

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MBAUniverse.com News Desk |
August 1, 2016
London based business daily Financial Times announced its annual MBA-programme ranking on January 28.

While University of Pennsylvania’s Wharton Business School has topped the table, it’s the Hyderabad based Indian School of Business (ISB) that has made India proud with its inclusion in global top 20 ranking. ISB is ranked at # 20, ahead of more fancied B-schools like Kellogg School of management (#24) and UCLA Anderson (#25).

FT 08 rankings put London Business School at #2, Columbia Business School at #3, Stanford University GSB at # 4 and Harvard Business School at # 5. 

The news brought cheer at ISB. Speaking on this achievement, Dr M Rammohan Rao, Dean, ISB, said, "This is a landmark event for the ISB. It sums up our single-minded goal to be recognised as a global centre of excellence in business education. This ranking is an important milestone in our journey to be an internationally top-ranked research-driven, and independent management institution that grooms leaders for the world." 

As per the FT 08 rankings, there are only seven B-schools from Asia-pacific region that have made it to this prestigious ranking. ISB is the only Indian B-school to figure in this tally.  

According to Financial Times, a total of 156 business schools that met the criteria for participation were included in the survey. To be eligible to participate, a business school must be internationally accredited by a body such as the AACSB, Amba or Equis; it must have a full-time MBA programme that has been running for at least five years; and it must have graduated its first class at least three years ago. The FT surveys graduates three years after they have completed the degree, to assess the effect of the MBA on their subsequent career progression and salary growth. 

The criteria used in the FT rankings were grouped into three main areas: alumni salaries and career development, the diversity and international reach of the business school and its MBA programme, and the research capabilities of each school. Purchasing Power Parity (PPP) rates supplied by the World Bank are then used to convert the remaining salary data to US$ PPP equivalent figures. 

Here is a list of top 20 MBA programmes offered across the globe.  

Financial Times MBA 2008 Rankings

B-school (Country)                                                  2008 Ranking             2007 Ranking

University of Pennsylvania: Wharton      US                 1                                  1                     

London Business School                       UK                  2                                  5         

Columbia Business School                   US                   3                                  2

Stanford University GSB                      US                   4                                  3

Harvard Business School                     US                   5                                  3

Insead                                    France/Singapore         6                                  7

MIT: Sloan                                          US                   7                                  14

IE Business School                             Spain                8                                  11

University of Chicago GSB                    US                   9                                  6

University of Cambridge: Judge             UK                  10                                15

Ceibs                                                 China               11                                11

Iese Business School                          Spain                12                                16

New York University: Stern                   US                   13                                8

IMD                                                   Switzerland       14                                13

Dartmouth College: Tuck                     US                   15                                9

Yale School of Management                  US                   16                                10

Hong Kong UST Business School          China               17                                --

HEC Paris                                           France             18                                18

University of Oxford: Saïd                     UK                  19                                19

Indian School of Business                   India                 20                                -- 

Source: FT.com  

India’s leading management portal MBAUniverse.com will continue its coverage of FT MBA 2008 Ranking. Stay tuned.