Best Business Schools In The US, Europe, Asia-Pacific & Canada—Ranked By Bloomberg Businessweek
Considering MBAs in Asia, Europe, or North America? Bloomberg’s best business schools ranking highlights the top MBA programs across the world
Narrowing down the best business schools is proving trickier for MBA aspirants, as the diversity on display in Bloomberg Businessweek’s latest MBA ranking proves. The global market may be in decline, but in contrast to the US, demand is on the rise in Europe, Canada, and the Asia Pacific.
Bloomberg’s 2019-20 list is broken down into four regions: Europe, Asia Pacific, Canada and the US. The results are based on 26,804 survey responses from MBA students, alumni and recruiters on their experiences and career success.
The ranking is based on factors such as compensation, networking, learning and entrepreneurship, but is often criticized because it does not include admissions standards.
In the US, Stanford GSB in California came up trumps in the ranking, maintaining a position it held in the last list. It came top for compensation, which was as high as $158,000 in the financial sector, and also for entrepreneurship, which reflects its close links to Silicon Valley’s startup and investor community.
US schools performed strongly across the board when it came to salary, which reflects their record-breaking year for employment outcomes. A throng of top institutions, among them Chicago Booth and Darden at Virginia, reported record employment rates and starting salaries for their most recent graduating class, amid the strong US economy and tight labor market.
The big surprise in the US list was Dartmouth’s Tuck School of Business rising 17 places to second on the back of improved scores for networking and learning. This shocked some in the industry because Tuck suffered a steep drop in MBA applications last year and a resulting rise in acceptance rates.
The rise in rank being attributed in part to the school’s network is unsurprising, however, given that Tuck has a strong reputation for its tight-knit community. Harvard retained its third-place finish, the same as Bloomberg's 2018 Best Business Schools Ranking.
In Europe, IMD topped the ranking for the second year on the bounce, also scoring highly on compensation, networking, and learning. INSEAD was ranked second, beating London Business School, which fell to third.
IMD graduates’ highest salaries were in the consumer goods industries, where students made a whopping $196,000. IMD also came top for networking in Europe, which reflects its small class sizes, and top for learning, due in no small part to the diversity of the cohort, which enriches the learning experience through group discussion.