Financial Times MBA Ranking: Chinese Business Schools On The Rise
The Financial Times Global MBA Ranking 2020 saw Harvard Business School named the best in the world for the sixth time in the FT ranking’s 21-year history. But it’s the rise of business schools in China which has been the most noticeable change over the past decade.To get more news about Best MBA program in China, you can visit acem.sjtu.edu.cn official website.
Nine Chinese schools were ranked in the FT’s top 100 in 2020 (seven in the top 50), compared with just three in 2010.
US schools still dominate the ranking, with 51 of the top 100 from the United States, the birthplace of the MBA degree. But, together with the UK, China is now home to the most FT-ranked schools after the US.The rise of Chinese business schools in the FT MBA ranking runs alongside China’s rise as a world economic superpower.
A wave of successful businessmen, who got rich quick during China’s boom, demanded more formal management education—and that desire soon spread. The last decades have seen a proliferation of Chinese business schools launching MBA programs and gaining some global acclaim.
The strong performance of Chinese schools in the FT MBA ranking can be explained, in part, by the ranking’s methodology.
The FT places a strong emphasis on jobs data: placement rates and average salaries three years after graduation. It also takes into account measures like career progression, value for money, and the diversity of the MBA class.
Chinese schools tend to perform well for value for money and the salary increases their students—who start from a lower base than their Western counterparts—achieve after graduation.
Take, for example, the MBA at Shanghai Jiao Tong University’s Antai College of Economics and Management, one of the oldest and most prestigious schools in China. Antai is ranked the 37th best business school in the world and third in mainland China by the FT. But it’s when you break down the FT data that you discover the true value of the MBA.Accordingly, Antai is ranked 13th in the world and second in China for value for money by the FT, which takes into account the program’s tuition fees. While business schools in the US charge upwards of $100,000 for their MBA programs, schools in China tend to be more affordable. Antai charges $44,000 for its two-year MBA program.
Only perhaps the need to be accredited by AACSB or EQUIS—a lengthy process and a pre-requisite for entry into the FT ranking—has stopped more Chinese schools climbing the FT rankings in recent years.
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