FT Global MBA Ranking 2022: IIM A,B,C fall 14-24 Ranks; ISB Ranked Global #1 on Salary Increase

Top Indian B-schools fell sharply in the latest Financial Times (FT) Global MBA 2022 ranking even as Indian School of Business (ISB) was ranked #1 in the World on salary increase of MBA graduates. However, all Indian B-schools fell in their rankings from last year.

ISB which fell by nine places to 32nd rank was ranked No 1 amongst the four Indian B-schools ranked in the prestigious FT Global MBA ranking 2022. IIM Bangalore fell by 18 places to rank at 53rd position down from last year's 35th rank. IIM Ahmedabad declined by 14 places to 62nd rank globally while IIM Calcutta was ranked 68th, down by 24 places from last year. Refer Table 2 below.

Putting a spotlight on ISB, Financial Times said, “The biggest salary increases reported by students three years after completion compared with earnings before starting their MBAs were at the Indian School of Business, Fudan and Mexico’s Ipade Business School.”

It is important to note that FT Global MBA ranking 2022 have ranked only “post-experience MBA” programs, where prior work experience is the necessary admission criteria, and hence ranks 1 year MBA equivalent programs, like ISB’s PGP and IIMA’s PGPX, and not the flagship 2 year MBA/PGPM programs of IIMs. 
 

US B-schools dominate Financial Times (FT) Global MBA 2022 Ranking
Elevated salaries for American MBA graduates helped US business schools to the top places in the FT’s 2022 ranking. Wharton School of the University of Pennsylvania and Columbia came first and second, respectively. Harvard Business School is ranked No 4 in the world. Other top US B-schools like Northwestern: Kellogg, Stanford, Chicago: Booth, Yale, MIT, NYU: Stern and Berkeley: Haas are all ranked among 16 schools in the top tier of the 100 ranked institutions.

Says Financial Times,“High salaries for American MBA graduates helped US business schools to the top places in the FT’s 2022 ranking after a year that brought strong demand for the degree amid the disruption of the pandemic.”

Outside US, INSEAD with campuses in France and Singapore, was ranked No 3. Others global B-schools outside US in the top tier include London Business School, IESE in Barcelona, HEC Paris, SDA Bocconi in Milan and China Europe International Business School (CEIBS) in Shanghai. Refer Table 1 below.

Harvard scored highest for research output, measured by staff publications in journals on the FT50 list, weighted by faculty size. It was followed by Wharton and Chicago: Booth.

This Financial Times MBA ranking features the world’s best 100 full-time MBA programmes. A total of 151 schools took part in the 2022 edition. All participating schools meet the FT’s entry criteria and are accredited by Equis or the AACSB.

Table 1: FT Global MBA Rankings 22 - Top B-schools in the world
Here is a list of Top 15 B-schools in the world.

School Name	Ranking 2022	Ranking 2021
University of Pennsylvania: Wharton (US)	1	-
Columbia Business School (US)	2	-
Insead (France/Singapore)	3	1
Harvard Business School (US)	3	-
Northwestern University, Kellogg School of Management (US)	5	6
Stanford Graduate School of Business (US)	6	-
University of Chicago: Booth (US)	7	3
London Business School (UK)	8	2
Yale School of Management (US)	9	4
Iese Business School (Spain)	10	4
HEC Paris (France)	11	7
MIT: Sloan (US)	11	-
SDA Bocconi School of Management (Italy)	13	12
New York University: Stern (US)	14	13
University of California at Berkeley: Haas (US)	14	-

Source: FT

Last year, Harvard, Stanford, and Wharton did not participate in the FT ranking. “Data gathering was disrupted last year by the pandemic, which led a number of US schools including Harvard, Stanford and Wharton to suspend participation,” Financial Times had said.

Table 2: FT Global MBA Rankings 2022– Indian B-schools Ranks Fall Sharply
Coming to India, Indian B-schools fell sharply in the latest Financial Times (FT) Global MBA 2022 ranking even as Indian School of Business (ISB) maintained its leadership. Here is a comparison.

B-school	Ranking 2022	Rankings 2021	Rankings 2020
Indian School of Business	32	23	28
IIM Bangalore	53	35	27
IIM Calcutta	62	44	42
IIM Ahmedabad	68	48	61
IIM Indore	Not Ranked	94	Not Ranked

Source: MBAUniverse.com analysis of FT MBA Rankings

FT Global MBA Rankings 2022 Methodology
According to FT, their rankings are based on data provided by participating schools and alumni, with significant weightings given to salary and salary increase three years after completion, as well as factors including academic research output, and student and faculty diversity measured by gender mix and citizenship. Only those B-schools who are accredited by the Association to Advance Collegiate Schools of Business (AACSB) or Equis, the two leading international agencies, are allowed to participate in this prestigious global ranking.

The ranking has 20 criteria. Alumni responses inform eight criteria that together contribute 61 percent of its weight. Eleven criteria are calculated from school data, accounting for 29 percent of the ranking. KPMG audits a number of schools every year. The remaining criterion, the research rank, counts for 10 percent.

Key Weights for FT Global MBA Ranking 2022 Criteria

Factor/Parameter	% Weight	Description
Weighted salary	20	Average alumni salary three years after completion, US$ PPP equivalent
Salary increase	20	Average difference in alumni salary from before the MBA to now. Half of this figure is calculated according to the absolute salary increase and half according to the percentage increase relative to pre-MBA salary
FT research rank	10	Calculated according to the number of articles published by current full-time faculty members in 50 selected academic and practitioner journals between January 2019 and July 2021.
International mobility	6	Based on alumni citizenship and the locations where they worked before their MBA, on completion and three years after.
Faculty with doctorates	5	Percentage of full-time faculty with a doctoral degree
International students	4	Calculated according to the diversity of current MBA students by citizenship and the percentage whose citizenship differs from the location in which they study

Source: MBAUniverse.com Analysis of FT Global MBA 2022 Rankings

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