Rank 2019 |
Rank 2018 |
3 Yr Avg. |
School Name | Country |
1 | 2 | 2 | HEC Paris | France |
2 | 1 | 1 | London Business School | UK |
3 | 6 | 5 | Università Bocconi/SDA Bocconi | Italy |
4 | 4 | 4 | University of St Gallen | Switzerland |
5 | 3 | 4 | Insead | France / Singapore / UAE |
6 | 5 | 6 | Iese Business School | Spain / US |
7 | 8 | 13 | Essec Business School | France |
8 | 20 | 10 | IE Business School | Spain |
9 | 24 | 17 | ESMT Berlin | Germany |
10 | 10 | 11 | University of Oxford: Saïd | UK |
11 | 7 | 9 | IMD Business School | Switzerland |
12 | 9 | 10 | Rotterdam School of Management, Erasmus University | The Netherlands |
13 | 15 | 12 | Esade Business School | Spain |
14 | 11 | 13 | ESCP Europe | France / UK / Germany / Spain / Italy / Poland |
15 | 14 | 14 | Edhec Business School | France |
16 | 13 | 13 | University of Cambridge: Judge | UK |
17 | 12 | 15 | Warwick Business School | UK |
18 | 19 | 19 | Imperial College Business School | UK |
19 | 16 | 17 | City, University of London: Cass | UK |
20 | 21 | 21 | EMLyon Business School | France |
21 | 23 | 23 | University College Dublin: Smurfit | Ireland |
22 | 22 | 21 | Vlerick Business School | Belgium |
23 | 27 | 29 | WHU – Otto Beisheim School of Management | Germany |
24 | 18 | 19 | Mannheim Business School | Germany |
25 | 26 | 24 | Grenoble Ecole de Management | France |
26 | 25 | 26 | Stockholm School of Economics | Sweden / Russia / Latvia |
27 | 33 | 37 | Copenhagen Business School | Denmark |
28 | 29 | 28 | Eada Business School Barcelona | Spain |
29 | 32 | 31 | Henley Business School | UK |
30 | 30 | 28 | Nova School of Business and Economics | Portugal |
31 | 35 | 35 | Kedge Business School | France |
32 | 28 | 29 | Católica Lisbon School of Business and Economics | Portugal |
32 | 36 | 34 | Frankfurt School of Finance and Management | Germany |
34 | 34 | 33 | Aalto University | Finland |
35 | 38 | 37 | Alliance Manchester Business School | UK |
36 | 37 | 35 | BI Norwegian Business School | Norway |
36 | 51 | 42 | Nyenrode Business Universiteit | The Netherlands |
38 | 31 | 33 | Tias Business School, Tilburg University | The Netherlands |
39 | 39 | 38 | NHH Norwegian School of Economics | Norway |
40 | 46 | 49 | Audencia Business School | France |
41 | 41 | 42 | WU (Vienna University of Economics and Business) | Austria |
42 | 48 | 45 | Lancaster University Management School | UK |
43 | 47 | 46 | Durham University Business School | UK |
44 | 17 | 30 | Cranfield School of Management | UK |
45 | 42 | 43 | Politecnico di Milano School of Management | Italy |
46 | 49 | 46 | Antwerp Management School | Belgium |
47 | 44 | 44 | HEC Lausanne, University of Lausanne | Switzerland |
48 | 43 | 52 | Kozminski University | Poland |
49 | 57 | 55 | Skema Business School | France / US / South Africa / Brazil / China |
50 | 45 | 47 | Neoma Business School | France |
51 | 39 | 41 | University of Strathclyde Business School | UK |
51 | 50 | 50 | University of Edinburgh Business School | UK |
53 | 54 | 52 | Ashridge Executive Education at Hult | UK |
54 | 59 | 56 | University of Bath School of Management | UK |
55 | 60 | 67 | University of Economics, Prague | Czech Republic |
56 | 56 | 55 | Rennes School of Business | France |
57 | 53 | 53 | HHL Leipzig Graduate School of Management | Germany |
57 | 55 | 54 | Toulouse Business School (TBS) | France / Spain / Morocco |
59 | 52 | 56 | St Petersburg University, Graduate School of Management | Russia |
60 | - | - | Trinity College Dublin, Trinity Business School | Ireland |
61 | 61 | 58 | Solvay Brussels School of Economics and Management | Belgium |
61 | 64 | 62 | Maastricht University School of Business and Economics | The Netherlands |
63 | 58 | 59 | Leeds University Business School | UK |
64 | 64 | 63 | Iéseg School of Management | France |
64 | 68 | 66 | IAE Aix-Marseille Graduate School of Management | France |
66 | 63 | 70 | ISCTE Business School | Portugal |
67 | 62 | 63 | Porto Business School | Portugal |
68 | 76 | - | Irish Management Institute | Ireland |
69 | - | - | Tilburg University, School of Economics and Management | The Netherlands |
69 | 69 | 68 | Montpellier Business School | France |
69 | 71 | 69 | ICN Business School | France / Germany |
69 | 67 | 69 | Sabanci Business School | Turkey |
69 | 71 | 72 | SGH Warsaw School of Economics | Poland |
74 | 73 | 73 | University of Cologne | Germany |
75 | 73 | 73 | Institut Mines-Télécom Business School | France |
76 | 79 | - | Tum School of Management | Germany |
76 | 73 | 73 | Essca School of Management | France / Hungary / China |
78 | 66 | 70 | Koç University Graduate School of Business | Turkey |
79 | 77 | 77 | Hanken School of Economics | Finland |
79 | 93 | 84 | La Rochelle Business School | France |
81 | - | - | University of Zurich | Switzerland |
81 | 69 | 74 | Louvain School of Management | Belgium |
81 | 78 | 78 | EM Normandie | France / UK / Ireland |
81 | 81 | 82 | Burgundy School of Business | France |
85 | 79 | 82 | EM Strasbourg Business School | France |
86 | 89 | 87 | University of Exeter Business School | UK |
87 | 82 | 82 | Corvinus University of Budapest | Hungary |
88 | 92 | 92 | ISC Paris | France |
89 | 89 | - | University of Antwerp Faculty of Business and Economics | Belgium |
89 | 83 | - | University of Ljubljana, School of Economics and Business | Slovenia |
89 | 83 | 83 | Université Paris-Dauphine | France |
92 | - | - | Birmingham Business School | UK |
92 | 88 | 91 | Luiss University | Italy |
94 | 95 | 94 | Nottingham Business School at NTU | UK |
95 | - | - | ESC Clermont Business School | France |
Table notes
# Figure in brackets refers to data from separate joint programme for schools with more than one degree ranked.
† Salary increase from graduation.
‡ Faculty data are provided for information — taken from surveys for the 2019 tables. Schools that only feature in Executive Education have provided faculty data, as of September 2019, especially for this ranking.
* School was ranked outside the final table in 2019.
** School participated in this ranking on the basis of a joint programme only. Underlying score based on proportion of total score. Some 200 points separate the top programme, at the HEC Paris from the school ranked 95. The schools are divided into four groups, indicated by bold lines: those in groups one and two score above the average for the cohort, and groups three and four are below it. The difference in score between schools ranked consecutively is greater within groups one and four than in groups two and three. Group one includes 17 schools from HEC Paris to Warwick Business School. The second group includes schools from Imperial College Business School, ranked 18, to Lancaster University Management School in 42nd position. The third group, headed by Durham University Business School, spans schools ranked 43 to 79. The fourth group includes schools from Louvain School of Management at 81 to ESC Clermont Business School at 95.
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FT European Business Schools Rankings 2019: Methodology and key
This is the 16th annual Financial Times ranking of European business schools. It is a composite ranking based on the combined performance of Europe’s leading schools across the five main rankings of programmes published by the FT in 2019: MBA, Executive MBA, Masters in Management (MiM) and the two rankings of non-degree executive education programmes. The online MBA and masters in finance rankings are not included.
A European school rank is calculated after removing non-European schools for each of these main rankings. MBA, EMBA and MiM account for 25 per cent each of each school’s total performance. For executive education, the scores obtained for customised and open programmes each account for 12.5 per cent.
The ranking measures the schools’ quality and breadth of programmes. Schools must participate in all five rankings in order to be eligible for a full score. Schools that take part in only one ranking are eligible for a quarter of the total score.
An indexed score is created for each ranking. These scores are then added together, according to the weighting above, creating a combined total for each school. This overall score is divided by the number of rankings in which a school features to calculate an average score — a derived measure of quality. This is added to the combined total score to generate a final score by which the schools are ranked.
Scores are not simply based on aggregation of published ranking positions. They are calculated using Z-scores — formulas that reflect the range between the top and bottom school — for the individual criteria that make up each component ranking.
Key
(Weights for ranking criteria are shown in brackets as a percentage.)
The European Business Schools ranking is based on the overall scores that each school has achieved for each ranking in which it features, such as MBA, Executive Education, Masters in Management and EMBA. The composite ranking is not based solely on the data displayed in the European schools table.
MBA
European rank (25): position among European schools that took part in the 2019 FT Global MBA ranking.
Salary today $: average alumni salary three years after graduation, US$ by purchasing power parity (PPP). Includes weighted data from the current and two previous years, where available.
Salary increase (%): average difference in alumni salary between pre-MBA and now, three years after graduation.
EMBA
European rank (25): position among European schools that took part in the 2019 EMBA ranking.
Salary today $: average three years after graduation, US$ PPP. Includes weighted data from the current and two previous years, where available.
Salary increase (%): average difference in alumni salary between pre-EMBA and now, three years after graduation.
Masters in Management
European rank (25): position among European schools that participated in 2019 FT MiM ranking.
Salary today $: average salary three years after graduation, US$ PPP. Includes weighted data from the current and two previous years, where available.
Salary increase (%): average difference in alumni salary between graduation and now, three years after graduation.
Executive Education
Open programmes (12.5): position among European schools that participated in the FT ranking of open-enrolment programmes in 2019.
Custom programmes (12.5): position among European schools that participated in the FT ranking of customised programmes in 2019.
Faculty
Female faculty: percentage of female full-time faculty.
International faculty: percentage of full-time faculty whose citizenship differs from country of employment.
Faculty with doctorates: percentage of full-time faculty with a doctoral degree.
Judith Pizer of Jeff Head Associates acted as the FT’s database consultant