FT Ranks LBS #1 B-School…Again
London Business School‘s full-time MBA program shared the top spot for best B-school in the world in 2009. But this year, LBS nudged out the Wharton School to claim sole possession of the coveted highest ranking, as determined by the Financial Times‘ Global MBA Rankings for 2010. ï»¿
To see how the schools rank by field, click here.
In reaction to the news, LBS dean Sir Andrew Likierman pledged to maintain the school’s international diversity and its global reach while paying tribute to the school’s 30,000 strong alumni, whose support made a significant contribution to the school’s continuing success.
“One of the best decisions of my life was to go to LBS for a full-time MBA,” says one alumnus quoted in FT. “[It] has enriched my life, from education to career development, to making new friends and gaining new perspectives.”
Another adds: “You not only learn from the school curriculum but from the deep cultural diversity of the student population. There is no place else that can offer this advantage to the extent that London Business School does.”
The gradual rise of LBS in the FT MBA table over 12 years ”“ it was ranked eighth in the inaugural MBA ranking in 1999 and had attained second position by 2008 ”“ indicates a broader trend: the diminishing dominance of US-based schools over the past decade, Michael Jacobs writes.
When the FT rankings introduced a top 100 in 2001, the top 25 contained 21 US schools. Since then, the number of US schools in the top 25 has decreased, reaching 11 in 2008, and this year. The remaining 14 schools in 2010 are made up of 11 from Europe and three from Asia.
One important factor helps explain this shift, Jacobs asserts. From around 2005 onwards, the return on investment from studying an MBA, measured in terms of salary increase, fell considerably, especially in the US.
For more on this year’s global MBA ranking, and what it means for the future of business schools, read the original article here.
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