The Financial Times (FT) have just released their ranking of the top 100 global business schools in 2024. What do the results show and how can MBA candidates supplement their search for the right school with the new personalized MBA ranking tool launched by Unimy?
Insights from the 2024 Financial Times MBA Ranking
The Wharton School of the University of Pennsylvania (US) has reclaimed its position as the world’s leading provider of MBAs in 2024, according to the latest FT ranking. The assessment considers various factors such as value for money, alumni achievements, diversity, academic quality, environmental policies, and salary data. Despite a global economic downturn, Wharton’s alumni reported the third-highest average weighted salaries – a testament to the enduring value of the program. Still, the latest data shows there is a shift towards more flexible and online alternatives due to the changing preferences on the job market.
The ranking also highlights significant trends across business education, including gender diversity challenges. Wharton and France’s ESCP Business School and Audencia Business School are among the few schools that achieve parity between male and female students. There’s a growing emphasis on environmental sustainability and career progression, with schools like SDA Bocconi (Italy) leading in carbon emissions’ reduction efforts and Indian institutions excelling in alumni career progress. Despite these shifts, US institutions continue to dominate in alumni salary metrics. Stanford Graduate School of Business ranks highest in alumni assessments of aims achieved on their MBA while several US schools excel in value for money and alumni network quality.
New personalized MBA ranking by Unimy
In December 2023, Unimy released the new 360° MBA Ranking tool which offers several major benefits for prospective candidates compared to other rankings. Firstly, it uses the latest data from two of the most prominent publications – the Financial Times and US News, and presents it in a fully personalized format. By choosing the ranking criteria most important to them, users get their own personalized list of top-performing MBA programs. The newly released Financial Times MBA ranking means that the latest changes among the world’s leading business schools will also be reflected in Unimy’s 360° MBA Ranking.
The second major advantage of Unimy’s interactive tool is its integration of the Cultural Fit Index. Every business school has its own unique environment and it’s only natural for prospective students to want to know where they fit in best. With that in mind, Unimy created the Cultural Fit Index based on original quantitative data and organizational studies. MBA candidates can personalize their ranking not only using common criteria such as career outcomes and diversity, but also by adding the cultural fit aspect to their selection. In fact, 2/3 of the people who have already used the new ranking chose Cultural Fit as an important factor in their MBA ranking.
How to use Unimy’s MBA ranking with Financial Times data
The secret to finding the right program is simple – candidates should aim to use as many different sources of information as possible to inform their decision. The newly released MBA ranking by the Financial Times can be a useful starting point for anyone who is still doing their research on reputable business schools. But it is only when used in combination with other rankings, selection tools, and informative events that it can be a truly helpful resource.
By generating a personal MBA ranking on Unimy, every prospective applicant gets the best of both worlds – reliable data from the Financial Times and US News rankings coupled with a personalized approach and school culture fit. The 360° MBA Ranking tool only takes a couple of minutes to generate and is free to use.
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