Harvard Business School (HBS) topped the Financial Times (FT) MBA rankings for the first time in 8 years, displacing Stanford Graduate Business School, which held the top spot last year!
The ranking also shows signs of stopping its reverse bias against other media rankings. For example U.S. media rankings tend to favor U.S. B-schools and ignore the rest of the world. The FT and The Economist, despite many failings in their own rankings methodologies, tried to address this balance, probably in search of advertising cash.
The FT said the reason why Harvard was back in flavor was that the new dean and international perspective of Dean Nitin Nohria, who is the first Harvard dean born outside North America.
Canadian and European business schools are falling in the rankings as Asian schools move up. The top 100 MBA schools include 10 from Asia this year, the most ever.
Among European schools, business schools in the United Kingdom have slipped the most.
London Business School has ranked in the top five for the past decade and Cambridge’s Judge School moved up 10 spots this year to number 16, five U.K schools fell out of the top 100 completely.
Overall, 11 U.K. schools made the rankings, down from 18 in 2009.
The top 10 global MBA programs in 2013 as ranked by the FT are as follow:
1 Harvard Business School
2 Stanford Graduate School of Business
3 Wharton School at the University of Pennsylvania
4 London Business School
5 Columbia Business School
6 INSEAD
7 IESE Business School
8 Hong Kong UST Business School
9 MIT Sloan School of Management
10 University of Chicago Booth School of Business
Source: Financial Times
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