More MBA candidates are flocking to business schools in Asia. According to the Graduate Management Admission Council (GMAC), 37% of business schools in the Asia Pacific region reported growth in domestic applications in 2020, with 45% seeing an increase in applications from international candidates.
Top Asian business schools—in China and Hong Kong, Singapore, and India—offer candidates exposure to some of the world's fastest-growing markets where employers are racing to recruit MBA students.
Asian business schools also offer a quality education without the high cost demanded by their counterparts in the United States.
We break down the latest Financial Times MBA Ranking to bring you the 18 best business schools in Asia:
Best Business Schools in Asia
18. Indian Institute of Management Indore
Ranking at 94th place, Indian Institute of Management Indore marks a new entry in the FT rankings. All Indore graduates were employed three months after graduation and can expect a salary increase of 69%.
The school boasts triple accreditation from AACSB, EQUIS, and the Association of MBAs (AMBA), a privilege given to just 1% of schools across the globe. Its two-year Post Graduate Program (PGP) in Management is equal to the MBA and offers a rigorous and challenging learning experience, focusing on topics such as entrepreneurial orientation, sustainability, quantitative research, operations, and economics and strategy. IIM Indore educates its MBAs on the importance of working in unfamiliar environments, which entails taking students on outbound exercises in the Himalayas.
Students arrive at IIM Indore from various backgrounds—ranging from theatre, journalism and media, advertising, consulting, technology, finance, and pharmaceuticals.
17. Tsinghua University School of Economics and Management
Another new entry into the FT rankings is Tsinghua University School of Economics and Management, ranking at 67th in the FT rankings. The Beijing school became the first university in mainland China to acquire EQUIS and AACSB accreditation.
Tsinghua has 40% of international students represented by 15-20 countries. Recruiters for Tsinghua SEM graduates include KPMG, McKinsey, Boston Consulting Group (BCG), Deloitte, Microsoft, Google, Chanel, and Gucci. 87% of graduates were employed three months after graduating.
16. Shanghai University of Finance and Economics
Shanghai University of Finance and Economics features at 64th in the rankings, and the program has a regional focus along with distinguished faculty encompassing international professors and a part-time faculty of successful entrepreneurs.
Shanghai University’s MBA program also boasts some impressive career stats. All graduates on the program were employed three months after their program ended, achieving an average 189% increase in salary compared to before their MBA, down from 216% in 2020, higher than many US MBA programs. In fact, the school places second worldwide in the FT rankings in terms of salary increases.
15. Singapore Management University: Lee Kong Chian School of Business
Lee Kong Chian School of Business has acquired triple accreditation from AACSB, EQUIS, and the Association of MBAs (AMBA). Its graduate business programs rank highly across Asia: the MSc in Wealth Management is the top program in Asia, and the MSc in Applied Finance comes in the top-five among Asian business schools.
The MBA program ranked 58th on the FT’s MBA rankings, with graduates reaching an impressive 115% salary uptick compared to before their studies.
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14. Shanghai Jiao Tong University: Antai School of Economics and Management
The International MBA at Shanghai Jiao Tong University was the first MBA program in China to reach triple accreditation and reaches the top three mainland Chinese MBA programs on the FT’s list, coming in at 53rd place overall. Their International MBA program is a two-year degree based in China’s economic powerhouse, Shanghai, with ample opportunities to experience business in the city with company visits included on the program.
The International MBA curriculum features a wide range of core courses including CSR, Data Modeling, and International Business Law. Success in the job market is evidenced by an average salary increase of 159% after graduation—placing Jiao Tong in the top ten schools globally to achieve such a high gain.
13. Indian Institute of Management Ahmedabad
Indian Institute of Management Ahmedabad is the first Asian business school on this list to make it into the top-50 of MBA programs globally, jumping from 61st in 2020 to 48th in 2021.
India is frequently hailed as one of the fastest-growing economies in the world, with its GDP growing by 4.2% in 2019. The Indian Institute of Management Ahmedabad (IIMA) places students in one of India’s most important Indian cities for business. Industries such as textiles and chemicals are well represented in the city.
The Post Graduate Program in Management at IIMA is a rigorous program with courses that are frequently revised to represent the contemporary business landscape. Compulsory courses include Marketing, Legal Aspects of Business, and Financial Reporting, while elective courses allow students to focus in on a range of subjects including agricultural management, human resources, economics, and organizational behavior.
Students graduating from the two-year program achieve 87% salary increase, with 100% employed three months after graduating.
See our Top 10 Best Business Schools in Asia on page 2