European business schools shine in Economist’s EMBA ranking

Two European schools take the top spots in the Economist’s latest EMBA ranking. Spain’s IE Business School was declared the best, with the University of Oxford’s Said Business School taking the runner-up spot.

Picture: madgooch/ fotolia

The EMBA from Northwestern University's Kellogg School of Management and the joint degree from UCLA and Singapore’s NUS Business School made it to the third and fourth rank.

Kellogg's joint degree programmes also fared well with the school’s combined offer with Canada's Schulich School of Business taking the fifth spot whereas its dual-degree EMBAs with Germany's WHU Business School and Hong Kong’s UST followed in sixth and eleventh spot respectively.

Other schools that achieved high rankings were Thunderbird School of Global Management, ESMT, University of Chicago’s Booth School of Business and Yale School of Management.

Executive MBAs are not to be confused with the traditional MBA degrees. EMBAs are for more experienced and senior managers and therefore follow a different approach compared to the standard full-time MBA programme. This is the reason why the stars in this EMBA ranking differ partly from the highly acknowledged cohort that normally leads the rankings such as Harvard, Stanford and Wharton. It should be noted, though, that the Economist’s rankings have faced criticism in the industry upon their methodology in the past. This should remind anyone that rankings give general ideas about a school's quality, but that students still need to look criticallyt at programmes and chose according to their individual needs rather than solely relying on rankings.

The Economist stated the following about its methodology for this year’s second bi-annual ranking of Executive MBA programmes: “We invited all the schools that are included in our annual full-time ranking to take part. Joint degrees that are separate from schools’ standalone EMBAs are ranked individually. Schools that operate a single EMBA across several of their own campuses (such as Chicago’s EMBA, which is taken in Chicago, London and Singapore) are treated as a single programme.” The ranking included factors like student diversity and quality of faculty, career development such as post-EMBA salary increase and goal fulfilment.

The top 25 EMBA programmes 2015 according to the Economist:

1.         IE Business School – Global Executive MBA

2.         University of Oxford – Saïd Business School – Oxford Executive MBA

3.         Northwestern University – Kellogg School of Management – Kellogg  Executive MBA Program

4.         UCLA/NUS Business School – UCLA-NUS Executive MBA

5.         Northwestern - Kellogg/York -Schulich – Kellogg-Schulich Executive MBA Program

6.         Northwestern – Kellogg/WHU-Beisheim – Kellogg -WHU EMBA

7.         Thunderbird School of Global Management – Exec MBA

8.         ESMT – Executive MBA

9.         University of Chicago – Booth School of Business – Executive MBA

10.       Yale School of Management – Yale MBA for Executives

11.       Northwestern - Kellogg/Hong Kong UST – Kellogg-HKUST Executive MBA

12.       Texas Christian University – Neeley School of Business – Neeley Executive MBA Program at TCU

13.       Southern Methodist University – Cox School of Business – SMU Cox Executive MBA

14.       University of Georgia – Terry College of Business – Terry Executive MBA Program

15.       Columbia Business School – EMBA-New York

16.       University of Michigan – Ross School of Business – Michigan Ross Executive MBA Program

17.       New York University – Stern School of Business – NYU Stern Executive MBA Program

18.       University of Texas at Austin – McCombs School of Business – Texas Executive MBA Progarm

19.       UCLA Anderson School of Management – UCLA Anderson Executive MBA Program

20.       Cornell University – Samuel Curtis Johnson Graduate School of Management - Cornell Executive MBA Metro New York

21.       Nottingham University Business School – Executive MBA

22.       ESADE/Georgetown – Global Executive MBA

23.       University of Notre Dame – Mendoza College of Business – Notre Dame Executive MBA Program

24.       University of Maryland – Robert H Smith School of Business – The Smith Executive MBA

25.       IESE Business School – Global Executive MBA

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Barbara Barkhausen