The Economist has released its 2019 Full-Time MBA Ranking of business schools from around the world. So, which European business schools come out on top?
Top European MBA programs
HEC Paris in France is ranked the best business school in Europe for its full-time MBA, followed by IESE Business School in Spain, and SDA Bocconi in Italy. INSEAD and Warwick Business School in the UK round out the top five.
The European top 10 boasts three schools from France, two from the UK, two from Spain, and others from Italy, Switzerland, and Germany. 11 out of the top 25 European schools are from the UK, highlighting the continued popularity of the UK as a study destination.
The five best-ranked business schools in the UK are Warwick (fifth in Europe), LBS (sixth), Cambridge Judge (12th), Durham (13th), and Cranfield (14th).
The Economist ranks schools based on a variety of metrics which are given different weightings based on the importance students themselves place on them.
These include: the ability of schools to open new career opportunities for students (at 35%), personal development and educational experience (35%), graduate salary increase (20%), and potential for networking (10%).
The ranking is based on a survey of business schools which collects data on things like graduate salaries, placement rates, and GMAT scores, and accounts for 80% of the ranking. A satisfaction survey of MBA students and alums accounts for 20%.
The overall Economist MBA ranking is in fact dominated by US business schools, with eight out of the top 10-ranked schools from the United States. Chicago Booth tops the overall list followed by Harvard Business School and HEC Paris. Only six of the European top 25 feature in the overall top 25.
The overall ranking sees big changes from the previous year with HEC Paris rising 10 places to third overall and SDA Bocconi rising 11 places to 13th overall.
European schools do stand out for individual rankings metrics. HEC Paris reported a salary increase of 153% for MBA graduates—the biggest salary increase for any school in the overall top 20. HEC Paris MBAs can expect to earn an average of over $127,000 after graduation. Top employers include Amazon, Johnson & Johnson, and Bain & Company.
IESE ranked first in the world for the international scope of its alumni network (the number of countries with an MBA alumni chapter), along with INSEAD, Warwick, and London Business School. LBS also topped overall student diversity. IMD in Switzerland ranked first for educational experience
Here’s the 25 best European business schools as ranked by the Economist: