LONDON, Oct. 15, 2014 /PRNewswire/ -- The Economist has released its twelfth annual ranking of the top 100 full-time MBA programmes. For the fourth time in five years, the University of Chicago's Booth School of Business tops the list.
Chicago, famed for its specialty and concentration in finance, maintained an impressive record of placing students in new jobs, even as banking jobs have become scarcer. Last year, 94% of its graduates had found employment across 11 industry sectors and within three months of leaving its programme. Additionally, students are effusive about its faculty, crammed as it is with Nobel prize winners, as well as the quality of their fellow classmates.
Fifteen of the top 20 schools are American, with Dartmouth College (Tuck), University of Virginia (Darden), Harvard University, University of California, Berkeley (Haas), New York University (Stern), Stanford University and Columbia University all making the top ten.
HEC Paris, the top-ranked European school climbs four places to fourth on the back of impressive salary figures. Its students can expect a basic salary of $123,982 upon graduation, a 157% increase on their pre-MBA earnings.
At 16th, the University of Queensland in Australia is the highest-placed school outside of America or Europe. Its students have the most work experience of any institution on our list. This, coupled with Australia's strong job market, means that graduates earn an average basic salary of $149,318 on their first job out of the programme.
The University of Hong Kong is the best ranked Asian school at 27th. It fell three spots from last year due to lower career placement and salary statistics.
The Economist's ranking weighs data according to what students say is important. The four categories covered and their weighting in the ranking are: opening new career opportunities (35%); personal development/educational experience (35%); increasing salary (20%); and the potential to network (10%). The figures The Economist collates are a mixture of hard data and the subjective marks given by the school's students.
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