FT EMBAs rankings introduce CSR criterion
A new criterion focusing on Corporate Social Responsibility and a greater importance placed on the proportion of female student and staff featured in the newly released 18th edition of the Financial Times rankings of Executive MBAs, business courses for senior working managers.
China scooped the first spot and figured in another six of the top-10 programs. Four of the top-10 programs are offered as a joint degree between two or more institutions, and five across two or more different countries.
“The international dimension…is an important element of a quality business management qualification”
The joint program delivered by China’s Kellogg and HKUST Business School was the top ranked, maintaining its position for three years in a row.
In second row was the Trium Global EMBA offered by HEC Paris, London School of Economics and Stern School of Business at New York University, while the Tsinghua-Insead Dual Degree EMBA by Tsinghua University and Insead figured third.
A new feature of this year’s rankings was based on the ratio of core courses on corporate social responsibility, ethics and social and environmental issues.
The CSR section carried a 3% value, replacing an older criterion on the number of PhD graduates per school.
This was a decrease of 2%, with the remainder shared between the ratio of female staff and female students, the weight of both was increased to 4%.
Commenting on the introduction of the new criterion, research and insights manager at the Association of MBAs Will Dawes told The PIE News that although CSR has for years been an important feature of how businesses operate, it has gained more prominence in recent years – and is popular among students.
“We certainly know that a substantial proportion of MBA graduates would like more curriculum content on business ethics and sustainability,” he said.
The FT rankings criteria also incorporate five points addressing internationalisation: faculty, students, course experience, board, and languages.
A robust analysis of a programs international credentials is valuable to assessing an MBA performance, Dawes said, and according to an AMBA careers survey 36% of graduates were attracted to their course due to its international dimension.
“The international dimension of an MBA is clearly an important element of a quality business management qualification,” he explained.
“It provides students with a fresh perspective, cultivates new ideas and exposes future leaders to different management techniques.”