2025金融时报全球MBA排名 (Financial Times Global MBA Ranking 2025) - ChaseDream

2025 年 2 月 17 日，英国《金融时报》（Financial Times，以下简称“FT”）发布了 2025 MBA 百强排行榜，即刻为大家揭晓排名结果。附件中的 PDF 包含了排名各项指标的得分。

更详细的排名各项指标的得分，请下载附件 PDF。

Rank 2025	Rank 2024	3 Yr Avg.	School Name	Country
1	1	-	University of Pennsylvania: Wharton	US
2	3	2	Columbia Business School	US
3	5	4	IESE Business School	Spain
4	2	3	Insead	France
4	3	4	SDA Bocconi School of Management	Italy
6	6	8	MIT: Sloan	US
7	8	10	London Business School	UK
8	17	18	Esade Business School	Spain
9	12	13	HEC Paris	France
10	6	8	Northwestern University, Kellogg	US
11	14	12	Duke，Fuquausiness	US
12	21	18	Ceibs	China
13	11	9	Harvard Business School	US
13	9	10	Cornell University: Johnson	US
15	19	14	UC Berkeley: Haas	US
15	24	21	上海财经大学商学院	China
17	10	13	University of Chicago: Booth	US
18	20	20	IE Business School	Spain
19	18	17	UCLA Anderson School of Management	US
20	12	16	Dartmouth College: Tuck	US
20	16	18	University of Virginia: Darden	US
22	36	30	IMD — International Institute for Management Development	Switzerland
22	32	31	Nanyang Business School, NTU Singapore	Singapore
24	15	16	Yale School of Management	US
25	37	-	Peking University: Guanghua	China
26	26	27	University of Oxford: Saïd	UK
27	31	32	Indian School of Business	India
28	25	27	ESCP Business School	France
29	-	-	University of Michigan: Ross	US
30	27	35	复旦大学管理学院	China
31	21	24	New York University: Stern	US
31	41	41	IIM，Ahmedabaddabad	India
31	-	-	同济大学经济与管理学院	China
34	30	32	University of Washington，Foster	US
35	29	29	University of Cambridge: Judge	UK
36	35	38	HKUST Business School	Hong Kong
37	27	30	National University of Singapore Businesssiness School	Singapore
38	39	38	Imperial College Business School	UK
39	42	37	Rice University: Jones	US
39	44	44	University of Texas at Austin: McCombs	US
41	45	42	HKU Business School	Hong Kong
42	49	41	Washington University: Olin	US
43	38	38	Georgetown University: McDonough	US
44	57	59	EMLyon Business School	France
45	42	41	Emory University: Goizueta	US
46	46	46	Alliance Manchester Business School	UK
47	54	57	Essec Business School	France
48	-	-	University of Florida: Warrington	US
49	33	44	Carnegie Mellon: Tepper	US
50	33	35	University of Southern California: Marshall	US
51	48	45	University of North Carolina: Kenan-Flagler	US
52	-	-	Vanderbilt University: Owen	US
53	51	53	University of California at Irvine: Merage	US
54	55	56	University of Texas at Dallas: Jindal	US
55	40	52	University of Georgia: Terry	US
56	61	60	Rotterdam, Erasmus	Netherlands
57	47	52	Indian Institute of Management Bangalorealore	India
58	49	57	Georgia Tech Scheller College of Businesssiness	US
59	53	55	Arizona State University: WP Carey	US
60	55	53	University of Rochester: Simon	US
61	67	68	Indian Institute of Management Calcutta	India
62	60	59	Warwick Business School	UK
63	65	62	University of St Gallen	Switzerland
64	57	56	Edhec Business School	France
65	75	68	CUHK Business School	Hong Kong
66	63	66	WHU – Otto Beisheim SoM	Germany
67	68	67	Bayes Business School (formerly Cass)	UK
67	79	80	AGSM at UNSW Business School	Australia
69	-	-	Indian Institute of Management Indore	India
70	71	72	Texas A&M University: Mays	US
71	73	67	Mannheim Business School	Germany
71	85	82	Indian Institute of Management Lucknow	India
73	91	86	University College Dublin: Smurfit	Ireland
74	82	77	Boston University，Questrom	US
75	59	68	University of Notre Dame: Mendoza	US
76	70	71	University of Toronto: Rotman	Canada
77	74	79	The Lisbon MBA Catolica \| Nova	Portugal
78	100	-	Fordham University: Gabelli	US
79	62	71	Queen's University: Smith	Canada
80	76	79	William & Mary: Mason	US
80	-	-	ESMT Berlin	Germany
82	80	83	Cranfield School of Management	UK
83	84	86	Brigham Young University: Marriott	US
83	86	88	Babson College: Olin	US
83	99	-	XLRI — Xavier School of Management	India
86	78	81	Durham University Business School	UK
86	90	87	Western University: Ivey	Canada
86	-	-	Indian Institute of Management Kozhikode	India
89	96	-	Grenoble Ecole de Management	France
90	77	84	Audencia	France
91	92	-	University of Edinburgh Business School	UK
92	86	-	Hult International Business School	US
93	95	-	Copenhagen Business School (CBS)	Denmark
94	83	87	McGill University: Desautels	Canada
95	-	-	University of British Columbia: Sauder	Canada
96	-	-	Frankfurt School of Finance and Management	Germany
97	-	-	University of Glasgow: Adam Smith	UK
98	89	90	Sungkyunkwan University GSB	South Korea
99	-	-	Miami Herbert Business School	US
100	94	98	Eada Business School Barcelona	Spain

Table Notes

Footnotes: * KPMG reported on the results of obtaining evidence and applying specified audit procedures relating to selected survey data provided for the Financial Times MBA ranking for selected business schools. Enquiries about the assurance process can be made by contacting Lori Huber of KPMG at lahuber@kpmg.ca. The specified audit procedures were carried out between October and November 2024. The audit year refers to the publication year of the ranking for which the specified audit procedures were conducted. The audit year is not used in the ranking calculation.

** Data in this column are for information only and are not used in the rankings.

† No data available from the school for this category

‡ School has no board

†† ESG category is based on core modules taken by 100 per cent of the recent cohort that completed the programme. The school does not have such core modules as it offers a flexible MBA where students can choose a range of courses, including those with ESG topics, therefore the school is unable to rank higher in this category.

All the MBAs in the ranking are of high quality. Some 148 points separate the top programme from the school ranked 100. The schools are divided into four tiers. Business schools in tiers l and ll score above the average for the cohort, and tiers lll and lV are below it. The difference in scores between schools ranked consecutively is greater within tiers l and lV than in tiers ll and lll. Tier l includes eight schools from University of Pennsylvania: Wharton to Esade Business School. Tier ll includes schools from HEC Paris, in 9th position, to University of Florida: Warrington in 48th. Tier lll, headed by Carnegie Mellon: Tepper, s schools ranked 49th to joint 86th, Indian Institute of Management Kozhikode. Tier lV includes schools from Grenoble Ecole de Management at 89 to Eada Business School Barcelona at 100.

Download the full ranking as a PDF

The Financial Times Global MBA Ranking features 100 of the world’s top full-time MBA programmes. A total of 125 schools took part in the ranking process for the 2025 edition. All participating schools meet the FT’s entry criteria and are accredited by Equis or the AACSB.

The FT surveys alumni three years after completing their MBA. For schools to enter the ranking calculation process, the FT requires that a minimum of 20 per cent of alumni reply to the survey, with at least 20 completed surveys.

We surveyed MBA alumni who completed their degree in 2021. Due to the disruption from Covid in that year, the FT considered schools with a lower response rate. A total of 6,299 alumni from the class of 2021 completed our survey — an overall response rate of 36 per cent.

The MBA ranking is derived from 21 criteria. Alumni responses inform eight criteria that together contribute 56 per cent of its weight. A further 12 criteria are calculated from school data, accounting for 34 per cent of the ranking (KPMG also audits several schools every year). The remaining criterion, the research rank, counts for 10 per cent.

Alumni-informed criteria are based on the data collected over three years. Responses from the 2025 ranking survey carry 50 per cent of the total weight and those from 2024 and 2023 25 per cent each. If only two years of data is available, the weighting is split 60:40 if data is from 2025 and 2024, or 70:30 if it is from 2025 and 2023. For salary figures, the weighting is 50:50 for any two years’ data.

The first two alumni criteria are average income three years after completion of the programme and salary increase from before the MBA to now, each weighted at 16 per cent. For the latter, half of the weight applies to the absolute increase and half to the percentage rise (the published figure).

Current salaries are converted to US dollars using IMF international purchasing power parity rates.

The highest and lowest salaries are removed from each school, to calculate a normalised average. Finally, salaries are weighted to reflect differences between different sectors.

“Value for money” for each school is calculated by dividing its average alumni salary three years after completion by the MBA’s total cost, including tuition, lost salary, opportunity cost and other expenses. Any scholarship assistance given to alumni is subtracted from the total.

The FT also collects information from schools on their current faculty, newly enrolled students and the latest completing class. School criteria include the diversity of staff, board members and students by gender and citizenship. For gender criteria, schools with a 50:50 composition score highest.

Another diversity measure is the student sector category, which looks at the range of industries in which candidates have worked before starting their MBA.

We also measure the effectiveness of alumni networks based on ratings given by graduates for helping with various tasks such as finding careers advice, internships, job opportunities and recruiting staff.

The research rank is based on the number of articles by full-time faculty in 50 internationally recognised academic and practitioner journals. The rank combines the number of publications from January 2022 to May 2024, weighted relative to the size of the faculty at the business school.

The environmental, social and governance (ESG) rank is based on the proportion of teaching hours from core courses that are dedicated to ESG topics, and time spent on instructing how organisations can reach net zero. It also includes the alumni evaluation of their school’s ESG teaching.

Finally, the school’s carbon footprint rank awards credit to schools with a carbon emissions audit report that includes Scope 3 emissions — those not controlled by the school but which occur externally in its value chain as a result of its activities.

The MBA ranking is a relative listing. Schools are ranked against each other by calculating a Z-score for each criterion. The Z-score is a statistic that shows where a score lies in relation to the mean. These scores are then weighted as outlined in the ranking key and added together for a final score.

After removing schools that did not meet the response rate threshold from the alumni survey, a first version is calculated. The school at the bottom is removed and a second version is calculated, and so on, until we reach the top 100. The top 100 schools are ranked accordingly to produce the final list.

Salary today**: average alumni salary three years after completion, US$ PPP equivalent (international purchasing power parity, see methodology, p23). This figure is not used in the ranking. #

Weighted salary (16): average alumni salary three years after completion, US$ PPP equivalent, with adjustment for variations between sectors. #

Salary increase (16): 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. #

Value for money rank (5): calculated using salary today, course length, tuition and other costs, including income forgone during the MBA. #

Career progress rank (3): calculated according to changes in the level of seniority and the size of the organisation alumni work in now, compared with before their MBA. #

Aims achieved (4): extent to which alumni fulfilled their stated goals or reasons for studying for an MBA. #

Alumni network rank (4): effectiveness of the alumni network for career opportunities, starting companies, gaining new ideas, recruiting staff and providing event information (eg career-related talks), as rated by alumni. #

Careers service rank (3): effectiveness of the school careers service for career counselling, personal development, networking events, internship search and recruitment, as rated by alumni. #

Employed at three months (2): percentage of the most recent completing class that found employment or accepted a job offer within three months of finishing their studies. The figure in brackets is the percentage of the class for which the business school was able to provide employment data and is used to calculate its final score. §

Sector diversity rank (3): calculated according to the diversity of sectors in which the students worked at the time of admission, before the MBA.

Women on board (1): percentage of female members on the school’s advisory board.

International faculty (3): calculated according to the diversity of faculty by citizenship and the percentage whose citizenship differs from their location of employment — the figure published in the table. ||

International students (3): calculated according to the diversity of current MBA students by citizenship and the percentage whose citizenship differs from the location in which they study — the figure in the table.

International board (1): percentage of the board whose citizenship differs from the location in which the school is based.

International mobility rank (5): based on alumni citizenship and the locations where they worked before their MBA, on completion and three years after. #

International course experience rank (3): calculated according to whether the most recent completing class took part in exchanges and internships, lasting at least a month, in countries other than where the school is based. In-person, virtual and hybrid experiences are included. §

Faculty with doctorates (5): percentage of full-time faculty with a doctoral degree. ||

FT research rank (10): calculated according to the number of articles published by full-time faculty members in 50 selected academic and practitioner journals from January 2022 to May 2024. The rank combines the absolute number of publications with the number weighted relative to the faculty’s size. ||

Carbon footprint rank (4): calculated using the net zero target year for carbon emissions set by the university and/or school, and the existence of a publicly available carbon emissions audit report since 2019. Extra credit is given to schools with an audit report that includes Scope 3 emissions (those not controlled directly by the school but which occur externally in its value chain as a result of its activities).

ESG and net zero teaching rank (3): proportion of teaching hours from core courses dedicated to environmental, social and governance issues and climate solutions addressing how organisations can reach net zero. Alumni evaluation of the school’s ESG teaching is also included.

Overall satisfaction **: average evaluation by alumni of the course, scored out of 10. After alumni answered various questions about their MBA experience, they were asked to rate their overall satisfaction, on a 10-point scale. This figure is not used in the ranking.

Schools with a 50:50 (male/female) composition receive the highest score in the three gender-related criteria.

|| Faculty data is based on full-time staff at the business school, as of May 31 2024. Visiting and temporary faculty are excluded.

# Includes data for the class of 2021 and one or two preceding classes, where available.