Sunday, April 20, 2008

Financial Times MBA Rankings Summay (3 of 3)

This is a final part of a 3-part series that looks at Canadian MBA programs and their rankings in the different Financial Times Categories. The first post looked at the overall rankings for 2008 and the salary numbers. The 2nd post expanded upon the initial post and looked at how the schools fared in salary increase after the program, career progress, and the value for money of completing your MBA at that school. The final post looks at placemnet success, alumni recommendation, international sutdents and international mobility, and doctoral (research) rankings.

Financial Times Placement Success Rankings

Placement success is a measure based on how satisified grads are with the career services of their school during their job search. Not surprisingly, Rotman and Ivey are the two most consisten schools in Canada in this regard. They are probably the two largest schools in Canada in terms of resources. It is also interesting to note that, like other categories, McGill is continuing to drop in the rankings and in 2008 is the lowest rated out of all Canadian schools.

Financial Times Alumni Recommended Rank

The alumni recommended rank is based on graduates responses when asked to name 3 MBA programs from which they would recruit graduates. This is one ranking where there is little variance from year to year as the best known schools continue to score highly. Most intersting to note is how there is a very large one year drop in UBC's ranking. This probably goes to show some of the variance can exist when dealing with some of the "smaller" MBA programs in the world.

Financial Times International Mobility Rankings

Before introducing the International Mobility ranking, it makes sense to look at the number of international students in each program. Schulich has by far and away the largest number of international students in it's class - consistently 70% of each class is made up of students born outside of Canada. UBC also has had fairly consistent classes with a large number of international students. Ivey, with their change to a one-year MBA has had a large drop off in the number of international students within a class (20%). Most other schools average around 40% international students within each class.

Now, taking a look at international mobility, which is based on whether grads surveyed work in another country before, during, or after their MBA most schools seems grouped fairly close together. Only Alberta lags behind the rest of the Canadian schools, and they are still in the top 60 worldwide. Why do Canadian schools fare quite well in this measure? I'd imagine it has something to do with not only the number of international students brought into the program, but the fact that unlike graduates of American schools, Canadian MBA's are more willing (or depending on their career interests, faced with the need to move abroad to fulfil their career goals). Whether this is more indicitative of Canadian grads wanting to work abroad (and escape the occasional cold winters), being faced with the need to move abroad to be at the top of their field, or the more multicultaral background of Canadian students, Canadian schools score quite highly compared to their American counterparts.

Financial Times Research Ranking

The FT Research (or Doctoral) ranking is based on a weighted average of the number of top 40 journal publications that faculty at a business school have recently produced. This is intended to be a measure for how cutting-edge and innovate the research at a program is and by extension how this would translate into what is taught in the classroom. Not surprisingly, with it's repuatation at one of the leading business schools in the world, Rotman is ahead of the other Canadian schools. Perhaps somewhat more surprising is how well the Western schools (Alberta & UBC) are doing comparitively.

Updated Link:
2009 Financial Times MBA Rankings

No comments: