Northwestern Kellogg & HKUST Lead the 2018 FT EMBA Rankings
Where should you go to school for your Executive MBA? Good question. While, the answer may not be quite so simple, an official EMBA ranking can help.
There are many things you should consider before choosing the best EMBA program for you including average graduation salary, industry employment, research interests, and more. However, a good place to start is with the 18th edition of the Financial Times Global Executive MBA Ranking. This ranking collects key data from business schools and alumni around the world to come up with a list of the top 100 best programs worldwide.
We’ve collated some of the critical data from the ranking study to give you insight into what’s going on in the world of EMBA programs.
EMBA Graduates Choose Industry and Manufacturing
Compared to full-time MBAs, EMBA graduates are much more likely to work in certain industries like manufacturing. In fact, three times as many EMBAs are employed in industry or manufacturing compared to their full-time peers. The figure accounts for 17 percent of all graduates. In comparison, only 10 percent of EMBA graduates are in consulting roles. And they’re less likely to work in finance, too.
EMBAs Earn More Money
EMBA graduates can also expect to earn more money than full-time MBAs after graduation. The average salary for an EMBA is $220,000 whereas an MBA alumnus can expect to make $146,000. It’s a large gap that’s similar to the salary gap between an MBA and a MiM graduate ($146,000 VS $67,000). Keep in mind, however, that the typical Executive MBA student is significantly older and often has more work experience.
In contrast, full-time MBAs win when it comes to salary boosts before and after earning the degree. MBA alumni generally increase their salary by 107 percent while EMBAs only experience a 59 percent boost.
Top 10 EMBA Programs
This year, the top ten EMBA programs, according to the Financial TImes, includes four joint programs. In fact, these were the top four programs in the world ranking well for post-EMBA salary, alumni leadership positions, and work experience. Each of these programs offer excellent networking opportunities thanks to different cohorts across different campuses, connecting students around the world.
Here’s how all the rankings stacked up.
1. Northwestern Kellogg & HKUST
This joint program ranks first for the third year in a row, and it’s the ninth time in 12 years that it has headed the list—the other three times it ranked second. The program is known for having the highest average salary three years post-graduation, $507,000—$140,000 more than the second-highest salary. It’s also known for having half of its alumni as company leaders three years post-graduation.
No EMBA has dominated the annual FT ranking quite like the Northwestern Kellogg & HKUST join program, earning top billing once again for 2018.
2. HEC Paris, LSE, & NYU Stern
This trium global EMBA program ranks second in 2018, up from fifth the previous year. The program is ranked first in work experience, languages, and international course experience rank. It also ranks highly in average salary ($347,970) with an expected 60 percent salary increase three years post-EMBA.
3. Tsinghua University & INSEAD
For the second year in a row, the Tsinghua-INSEAD dual degree MBA comes in third overall on the FT EMBA ranking. Located in China, Singapore, France, and the UAE, the program is known for its high salary three years post graduation ($365,746), and its high percentage of female students (45 percent).
The rest of the top ten shakes down as follows:
- EMBA—Global Asia: Columbia Business School, HKU, & London Business School
- Ceibs
- HEC Paris
- Washington University Olin Business School
- Shanghai: Jiao Tong University Antai
- IESE Business School
- MIT Sloan School of Management
Surprising Schools
There were quite a few surprises in this year’s EMBA ranking.
- Though HEC Paris has ranked in the top five since 2006 because of its joint program with NYU Stern and LSE, this was the first year the school entered the top ten ranking on its own. The HEC Paris solo EMBA program ranks sixth overall, making it the highest new entrant.
- IESE Business School took home the crown as the top EMBA program for the new criterion corporate social responsibility (CSR).
- The University of Toronto Rotman School of Management EMBA moved up the most places in 2018, rising to 47th place overall—20 places higher.
No school saw a bigger rankings jump than the University of Toronto Rotman School of Management, rising 20 spots in 2018.
FT EMBA Ranking Methodology
To come up with the 2018 EMBA ranking, the Financial Times reached out to a record 139 programs with two online surveys: the first completed by the school and the second by alumni who graduated from programs in 2014. The methodology of the ranking is as follows:
- Alumni were required to provide feedback on salary today, salary increase, career progress, work experience, and aims achieved—accounting for 55 percent of the ranking’s weight.
- Schools provided insight into ten criteria, accounting for 35 percent of the total ranking. Criteria included: gender and international diversity, board members, international program reach, and more.
- Accounting for the final 10 percent of the ranking was the FT research rank, which looks at the number of articles published by a school’s full-time faculty.
And, for the first time ever, this year’s EMBA ranking included a new criterion for corporate social responsibility (CSR). This new criterion took a look at how many of a school’s core courses were dedicated to ethics, social, and environmental issues. Weighting at 3 percent, this criteria replaced the number of Ph.D. graduates per school.
Forté Foundation Now Accepting Applications for MBALaunch
Calling all women considering an MBA but unsure about how to navigate the competitive admissions process: The Forté Foundation’s 2019 MBALaunch program was made for you. This 10-month program offers female MBA candidates a powerful support network and road map for applying to top-tier business schools for the MBA Class of 2022.
Applications for the next season of Forté MBALaunch, slated to begin in January 2019, are open now.
What Is MBALaunch?
MBALaunch is a unique program designed to help exceptional female candidates excel in the high-stakes MBA application process. Beginning each year in January, the program includes a range of in-person and virtual events geared toward helping participants assemble their strongest possible applications. These include networking events, monthly webinars, and in-person peer group sessions offered in 11 host cities. In addition, the program is accessible via video chat.
Candidates accepted into the MBALaunch program can expect to:
- Cultivate a strong network filled with hundreds of women with similar goals;
- Gain intensive GMAT test prep that, on average, helps improve scores by 100 points;
- Receive help building a winning application;
- Hone interviewing skills with guidance from admissions consultants and business school representatives, and
- Get immediate feedback on their resumes, admissions essays, and more.
Who Can Take Part in MBALaunch?
The MBALaunch program is open to women looking to apply to any of the more than four dozen Forté member business schools in fall 2019 (for enrollment in fall 2020). Forté seeks candidates with a strong academic record and two to seven years of post-undergraduate work experience.
To take part, candidates must be able to travel to a host city (Atlanta, Boston, Chicago, Houston, Los Angeles, London, New York, San Francisco, Seattle, Toronto, or Washington DC) for a one-day kick-off event. Then, candidates dedicate 10 months to the online and in-person program. After the kick-off event, candidates unable to participate in person can take part via Skype or Google Hangouts.
There is a $25 non-refundable application fee. Admitted applicants then pay a $550 program fee to take part.
Additional application eligibility information is available here.
Application Deadlines
The first MBALaunch applications deadline is October 8, 2018, with subsequent deadlines on October 15 and 22.
This article has been edited and republished with permissions from our sister site, Clear Admit.
October MBA Deadlines: NYU Stern, Ivey, Lehigh, and More
Douglas Adams once wrote, “I love deadlines. I love the whooshing noise they make as they go by.” Prospective MBAs applying for business school can appreciate Adams’ humorous writing, but should do their best to not live by the British author’s procrastinating prose. That’s where MetroMBA comes in! Check out our list of upcoming MBA program application deadlines in our top metros: Continue reading…
Ryerson, Maple Leafs Announce New Future of Sport Lab
The Future of Sport Lab, was announced on Tuesday, Sep. 11, 2018 as a brand new partnership between Maple Leaf Sports and Entertainment, Ltd. (MLSE) and Ryerson University. The school, according to a recent press release, notes, “the objective of the FSL is to be Canada’s leader in sport innovation, creating a sport business ecosystem that will connect Canadian sport properties and industry partners, entrepreneurs, faculty, and students. Together, they will support and foster innovative sport business solutions and technologies along with sport industry research, insights, and education.”
The new program will be directed by Dr. Cheri L. Bradish, the Loretta Rogers Research Chair in Sport Marketing with the Ted Rogers School of Management. In an interview, Bradish says, “Toronto is truly a world-class sport business city. The Future of Sport Lab will bring together the incredible talent that’s already here and give them a chance to collaborate and create solutions with real world impact. This will be the new home of sport innovation in Canada.”
Cheri Bradish, Director of the Future Sport Lab (back, right), with Humza Teherany, Sumit Arora, Teresa Resch, and Jennifer MacInnis / Photo via ryerson.ca
The Future of Sport Lab will focus on these four specific activities, according to the school:
- Creative research and innovation partnerships
- Applied research and needs assessments to identify emerging opportunities and solve real world problems
- Support for startups including the potential opportunity to have MLSE pilot testing of products/services
- Research forums to bring together experts to identify emerging trends and solve practical sector challenges
Humza Terehany (pictured above), Chief Technology & Digital Officer at MLSE, also adds; “Delivering championship teams and the ultimate fan experience for our fans is MLSE’s primary focus. Innovation is a key part of our ability to enable our teams to perform at the highest levels but also to deliver new ways to engage our fans with exciting new technology.”
Applicants can begin submitting proposals in October, available for MBAs and undergrads. For more information on the sport lab here.
Toronto Rotman School of Management MBA Deadlines and Essays Announced
The newest batch of University of Toronto MBA deadline dates have been announced for the Rotman School of Management, beginning early next October.
Rotman MBA Deadlines
Round One
Deadlines: October 1, 2018
Notifications: December 14, 2018
Round Two
Deadlines: January 7, 2019
Notifications: March 8, 2019
Round Three
Deadlines: March 4, 2019
Notifications: May 3, 2019
Round Four
Deadlines: April 29, 2019
Notifications: May 31, 2019
Head over to the official Chicago Booth website for more application information.
Toronto Rotman School of Management MBA Essays
In addition to the Rotman MBA deadlines, the business school has also unveiled its newest essay questions. A new statement from the school reads:
“The full-time MBA program at the University of Toronto, Rotman School of Management attracts top talent from an incredibly diverse range of professional and academic backgrounds around the world so we don’t really have a typical candidate. In admissions, we look for intellectual horsepower, experience, and impact, communication, and presence.
Beyond that, our admitted students stand out by doing interesting things with their personal and professional lives — something we describe as the ‘spike factor’; what are the things that you have done in your life that demonstrate Passion/ Grit/ Resilience/ Innovation/ Drive/ Ambition and more? This can cross all or any aspects of life outside of work – hobbies, volunteerism, awards, entrepreneurial ventures, sports and the arts. We believe that exposure to a rich diversity of viewpoints makes for a superior learning experience, and pride ourselves on building a diverse class of exceptional individuals who will go on to make the School proud as professionals and alumni.”
Rotman’s unique essay asks applicants to provide “1-3 of your ‘spikiest’ pictures” to the supplemental item section, which you can find here. With the photos, applicants must “illustrate your ‘spike factor,’” with up to 1000 words.
Applicants must also “list 3-5 attributes or characteristics that best describe you, with one word per piece.”
Lastly, applicants must provide a video and time-written response, which is as follows:
“The video interview component is a required part of Rotman Admissions process designed to give all candidates guaranteed “face time” with the Admissions Committee and showcase your personality, characteristics, passions, and values.
You will have an opportunity to test the technology, and then will be asked two taped questions, followed by a real-time written response (no video with this component.) Both questions are personality/values based and are designed to be answered without any advanced preparation and will only take a few minutes to complete. The written question is designed to simulate the typical email communications you will create as a Rotman MBA student. After completing your questions, you will receive a confirmation email and unique URL to input into this section of the application and complete the live component. Good luck and have fun with the process!”
MBA Deadline Dates You Should Know in September
September may mean that summer’s over, but it’s also a time to start to look forward to new beginnings! Stay on track of September MBA deadlines and get those mid-fall and winter program intake applications in. Continue reading…
