For the first time since 2005, London Business School has reclaimed the top spot in the Financial Times 2014 ranking of European business schools, knocking last year’s joint winners–HEC Paris and IE Business School–into second and third place, respectively.
According to the FT, the methodology for creating this ranking is based on the combined performance of Europe’s leading schools across the main rankings published by the FT in 2014: MBA, executive MBA, masters in management and non-degree executive education programs.
Both quality and quantity are required to reach the top. Schools must take part in all four rankings to be eligible for a full score, the media outlet explains, so a school that took part in only one ranking is eligible for one-quarter of the total score, and so on. London Business School rose from third last year by participating in all four rankings for the first time.
FT’s Top 10 Business Schools in 2014
- London Business School
- HEC Paris
- IE Business School
- Esade Business School
- University of St Gallen
- IESE Business School
- SDA Bocconi
- Oxford Saïd Business School
To further break it down, the Financial Times ranks London Business School as the top program for the MBA; HEC Paris best for an EMBA; and St. Gallen for Masters in Management. IMD in Switzerland is lauded for having the most international faculty, with 94% coming from overseas.
The FT also reported on average alumni salaries in Europe three years after graduation, and found that it ranges from $143,000 for EMBAs, $123,000 for MBAs, and $54,000 for MiM grads. French MBA graduates and Swiss EMBA graduates top their salary scale, FT notes, with average salaries of $137,000 and $166,000 respectively.
The methodology used by the Financial Times is unique and rather complicated, so do study the ranking more closely if you’re interested in seeing how each school’s final score is generated.