The Economist 2022 Full-time MBA Ranking
| Rank | Business School | Country |
1 |
Harvard Business School | United States |
2 |
University of Pennsylvania - Wharton School | United States |
3 |
Northwestern University - Kellogg School of Management | United States |
4 |
Columbia Business School | United States |
5 |
Massachusetts Institute of Technology - MIT Sloan School of Management | United States |
6 |
Duke University - Fuqua School of Business | United States |
7 |
HEC Paris Business School | France |
8 |
Stanford University - Graduate School of Business | United States |
9 |
University of Chicago - Booth School of Business | United States |
10 |
University of Michigan - Stephen M. Ross School of Business | United States |
11 |
Dartmouth College - Tuck School of Business | United States |
12 |
University of California at Berkeley - Haas School of Business | United States |
13 |
SDA Bocconi - School of Management | Italy |
14 |
University of Virginia - Darden School of Business | United States |
15 |
New York University - Leonard N Stern School of Business | United States |
16 |
IESE Business School | Spain |
17 |
Yale School of Management | United States |
18 |
EDHEC Business School | France |
19 |
Washington University in St Louis - Olin Business School | United States |
20 |
UCLA - UCLA Anderson School of Management | United States |
21 |
University of Florida - Warrington College of Business | United States |
22 |
Cornell University - Samuel Curtis Johnson Graduate School of Management | United States |
23 |
Georgia Institute of Technology - Scheller College of Business | United States |
24 |
University of Texas at Austin - McCombs School of Business | United States |
25 |
University of Mannheim - Mannheim Business School | Germany |
26 |
University of Washington - Foster School of Business | United States |
27 |
Indiana University - Kelley School of Business | United States |
28 |
University of Warwick - Warwick Business School | United Kingdom |
29 |
ESADE Business School | Spain |
30 |
EMLYON - EMLYON Business School | France |
31 |
University of Minnesota - Carlson School of Management | United States |
32 |
Rice University - Jesse H Jones Graduate School of Business | United States |
33 |
University of Southern California - Marshall School of Business | United States |
34 |
The Ohio State University - Fisher College of Business | United States |
35 |
Emory University - Goizueta Business School | United States |
36 |
University of Georgia - Terry College of Business | United States |
37 |
Hult International Business School | United States |
38 |
Vanderbilt University - Owen Graduate School of Management | United States |
39 |
University of North Carolina at Chapel Hill - Kenan-Flagler Business School | United States |
40 |
York University - Schulich School of Business | Canada |
41 |
Pennsylvania State University - Smeal College of Business | United States |
42 |
IMD - International Institute for Management Development | Switzerland |
43 |
University of Hong Kong - HKU Business School | Hong Kong |
44 |
University of Rochester - Simon Business School | United States |
45 |
Arizona State University - W. P. Carey School of Business | United States |
46 |
University of Notre Dame - Mendoza College of Business | United States |
47 |
University of Pittsburgh - Katz Graduate School of Business | United States |
48 |
Michigan State University - Eli Broad College of Business | United States |
49 |
The University of Queensland Business School | Australia |
50 |
International University of Monaco | |
51 |
Georgetown University - Robert Emmett McDonough School of Business | United States |
52 |
ESSEC Business School | France, Singapore |
53 |
Southern Methodist University - Cox School of Business | United States |
54 |
Nanyang Technological University - Nanyang Business School | Singapore |
55 |
University of Wisconsin-Madison - Wisconsin School of Business | United States |
56 |
EADA Business School Barcelona | Spain |
57 |
University of Maryland - Robert H Smith School of Business | United States |
58 |
Brigham Young University - Marriott School of Business | United States |
59 |
University of California at Irvine - Paul Merage School of Business | United States |
60 |
Boston University - Questrom School of Business | United States |
61 |
Macquarie Business School | Australia |
62 |
Texas A&M University - Mays Business School | United States |
63 |
National University of Singapore - The NUS Business School | Singapore |
64 |
George Washington University - School of Business | United States |
65 |
University of New South Wales - Australian Graduate School of Management (AGSM) | Australia |
66 |
Texas Christian University - Neeley School of Business | United States |
67 |
Durham University - Durham University Business School | United Kingdom |
68 |
City University - Bayes Business School (formerly Cass) | United Kingdom |
69 |
University of Nottingham - Nottingham University Business School | United Kingdom |
70 |
University of Tennessee, Knoxville - Haslam College of Business | United States |
71 |
Western University - Ivey Business School | Canada |
72 |
Sun Yat-sen University - Sun Yat-sen Business School | China |
73 |
University of Exeter - University of Exeter Business School | United Kingdom |
74 |
European School of Management and Technology - ESMT Berlin | Germany |
75 |
Indian School of Business | India |
76 |
Leeds University Business School | United Kingdom |
77 |
Tilburg University - TIAS School for Business and Society | Netherlands |
78 |
North Carolina State University - Poole College of Management | United States |
79 |
University of Edinburgh Business School | United Kingdom |
80 |
Queen's University - Smith School of Business | Canada |
81 |
University of California at Davis - Graduate School of Management | United States |
82 |
University College Dublin - Michael Smurfit Graduate School of Business | Ireland |
83 |
WHU - Otto Beisheim School of Management | Germany |
84 |
HHL Leipzig Graduate School of Management | Germany |
85 |
McGill University - Desautels Faculty of Management | Canada |
86 |
University of St.Gallen | Switzerland |
87 |
University of Glasgow - Adam Smith Business School | United Kingdom |
88 |
Rutgers Business School | United States |
89 |
Lancaster University - Lancaster University Management School | United Kingdom |
90 |
Grenoble Ecole de Management | France |
91 |
Copenhagen Business School | Denmark |
92 |
Concordia University - John Molson School of Business | Canada |
93 |
Cranfield School of Management | United Kingdom |
94 |
Fordham University - Gabelli School of Business | United States |
95 |
Audencia Business School | France |
96 |
University of Strathclyde - Strathclyde Business School | United Kingdom |
97 |
University of Houston - C. T. Bauer College of Business | United States |
98 |
University of Birmingham - Birmingham Business School | United Kingdom |
99 |
Indian Institute of Management Ahmedabad | India |
100 |
Trinity College Dublin - School of Business | Ireland |
Full-time MBA ranking methodology, 2022
Rankings are little more than an indication of the MBA market at a particular moment. They reflect the prevailing conditions such as salaries, jobs available and the situation at a school at the time the survey was carried out. Results of rankings can be volatile, so they should be treated with caution. The various media rankings of MBA programmes all employ a different methodology. None is definitive, so our advice to prospective students is to understand the ethos behind each one before deciding whether what it is measuring is important for you.
Each year The Economist surveys thousands of MBA students and asks them why they decided to enrol on a full-time MBA programme. The weightings that we use for our ranking (see table below) are based on the importance students themselves place on different criteria.
Data were collected during spring and summer 2022, using two surveys. The first was completed by schools with eligible programmes and covers quantitative matters such as the salary of graduates, the average GMAT scores of students and the number of registered alumni. This accounts for around 80% of the ranking. The remaining 20% comes from a qualitative survey filled out by current MBA students and a school's most recent graduating MBA class. We ask respondents to rate things such as the quality of the faculty, facilities and career services department. We also ask them to give details of their salary, so that we can verify the data provided by the schools. For schools that have not signed up to the “Standards Compliance Review” of the MBA Career Services & Employer Alliance, an industry body that sets standards for reporting salaries, student data are used rather than those supplied by the institution. A minimum response rate—equivalent to 25% of the latest intake or 50 students/alumni (whichever is lower)—is required for schools to be included in the ranking.
All data received from schools were subject to verification checks, including, where possible, comparison with historical data, peer schools and other published sources. Student and graduate questionnaires were audited for multiple or false entries. Memory has been built into the rankings by taking a weighted average of data from 2022 (50%), 2021 (30%) and 2019 (20%) to provide a rounded picture of the school over a period of time.
The table below summarises the measures used to calculate the rankings together with their respective weightings. Salaries were converted at average exchange rates for the 2020-21 academic year (July 1st 2020-June 30th 2021). The statistical methodology adopted for the ranking gives each business school a unique score (known to statisticians as a z-score). Unlike some other rankings, we do not include any “equal” schools (for example, four schools ranked equal sixth followed by one ranked tenth). However, it should be noted that differences between some schools might be slight. For this reason, individual school profiles now include a banding (A-E), so that schools with similar overall scores are grouped together.
In all, 172 schools were invited to participate. The reasons for any omissions are listed below.
Summary of ranking criteria and weightings
Overall score
1 Open new career opportunities 35.00%
1.1 Diversity of recruiters 33.33%
1.1.1 Diversity of recruiters - breadth 50.00%
1.1.2 Diversity of recruiters - evenness of spread 50.00%
1.2 Percentage of job-seeking graduates with job offer 3 months after graduation 33.33%
1.3 Alumnus rating of career service (out of 5) 33.33%
2 Personal development and educational experience 35.00%
2.1 Faculty quality 25.00%
2.1.1 Ratio of faculty to students 16.67%
2.1.1a Ratio of faculty to students 16.67%
2.1.2 Percentage of full-time faculty with PhD 33.33%
2.1.3 Student/alumnus rating of faculty (out of 5) 33.33%
2.2 Student quality 25.00%
2.2.1 Average GMAT score 40.00%
2.2.2 Average number of years' work experience 30.00%
2.2.3 Pre MBA salary, current students $ 30.00%
2.3 Student/faculty diversity 25.00%
2.3.1 Student geographical diversity score (out of 100) 25.00%
2.3.2 Student gender diversity score (out of 100) 25.00%
2.3.3 Student rating of culture and classmates (out of 5) 25.00%
2.4 Education experience 25.00%
2.4.1 Student/alumnus rating of programme content (score out of 5) 25.00%
2.4.2 Range of and access to overseas study programmes (score out of 100) 25.00%
2.4.3 Number of languages on offer 25.00%
2.4.4 Student/alumnus rating of facilities (score out of 5) 25.00%
3 Salary 20.00%
3.1 Post MBA salary, alumni, 75.00%
3.2 Salary increase, alumni, 25.00%
4 Potential to network 10.00%
4.1 Ratio of alumni to current students 33.33%
4.2 Number of overseas business-school alumni chapters 33.33%
4.3 Alumnus rating of alumni effectiveness (score out of 5) 33.33%
First year of participation, eligible for rankings in 2023
Insufficient data
Ineligible/Declined to participate
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