The Financial Times Global MBA Ranking 2020 saw Harvard Business School
named the best in the world for the sixth time in the FT ranking’s
21-year history. But it’s the rise of business schools in China which
has been the most noticeable change over the past decade.To get more
news about Best MBA program in China, you can visit acem.sjtu.edu.cn official website.
Nine Chinese schools were ranked in the FT’s top 100 in 2020 (seven in the top 50), compared with just three in 2010.
US schools still dominate the ranking, with 51 of the top 100 from the
United States, the birthplace of the MBA degree. But, together with the
UK, China is now home to the most FT-ranked schools after the US.The
rise of Chinese business schools in the FT MBA ranking runs alongside
China’s rise as a world economic superpower.
A wave of successful businessmen, who got rich quick during China’s
boom, demanded more formal management education—and that desire soon
spread. The last decades have seen a proliferation of Chinese business
schools launching MBA programs and gaining some global acclaim.
The strong performance of Chinese schools in the FT MBA ranking can be explained, in part, by the ranking’s methodology.
The FT places a strong emphasis on jobs data: placement rates and
average salaries three years after graduation. It also takes into
account measures like career progression, value for money, and the
diversity of the MBA class.
Chinese schools tend to perform well for value for money and the salary
increases their students—who start from a lower base than their Western
counterparts—achieve after graduation.
Take, for example, the MBA at Shanghai Jiao Tong University’s Antai
College of Economics and Management, one of the oldest and most
prestigious schools in China. Antai is ranked the 37th best business
school in the world and third in mainland China by the FT. But it’s when
you break down the FT data that you discover the true value of the
MBA.Accordingly, Antai is ranked 13th in the world and second in China
for value for money by the FT, which takes into account the program’s
tuition fees. While business schools in the US charge upwards of
$100,000 for their MBA programs, schools in China tend to be more
affordable. Antai charges $44,000 for its two-year MBA program.
Only perhaps the need to be accredited by AACSB or EQUIS—a lengthy
process and a pre-requisite for entry into the FT ranking—has stopped
more Chinese schools climbing the FT rankings in recent years.
