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2019/20
Featuring
TOP EXECUTIVE GUIDE
ASPIRING TO JOIN THE
BEST COMPANIES?
Singapore’s 100 Leading Graduate
Employers is just the guide you need!
GET TO
TO KNOW
KNOW THE MOST
MOST
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ULAR
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EMPLOYER
OYERSS BY
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SECT OR, AND INSI
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SUCH AS:
AS:
Career advic
advicee from
from rising
rising
star employees
employees and leader
leaderss
Gradu
aduat
atee oppor
opporttuni
unittie
iess from
from
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hese
se top
top employers!
employers!
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“The campus location was so campuses on a quarterly basis with FULL-TIME MBA
guaranteed program compatibility. Our
central, the atmosphere was
quarter-based academic calendar allows PART-TIME MBA
amazing; you feel right at for a continuous study abroad experience
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#experienceUIBS www.UIBS.org
TOPMBA CAREER GUIDE 2019/20 | WELCOME FROM THE EDITOR WELCOME FROM THE EDITOR Hello! For the first time ever this year, we’ve combined our world renowned QS MBA Career Guide with the hugely popular QS Top Grad School Guide. So, if you picked this magazine up hoping for information to help find the right grad school for you (and you’ve got no idea what an MBA is) close these pages and flip this magazine over – you’ll find everything you need there. However, if you’re here because an MBA is on your mind, then you’re in the right place! Hundreds of thousands of potential applicants are currently starting their MBA journey by researching schools, attending events and talking to admissions staff. This Guide is designed to help fill in the blanks between those conversations, aid your decision-making process and provide you with useful information from our range of MBA and business school rankings. In these pages, you can find tables for the QS Global MBA Rankings and the QS Business Masters Rankings – the latter featuring a Masters in Marketing ranking for the first time ever. Of course, it’s worth noting that all QS rankings are continually updated – check TopMBA.com to find the most recent versions of all of our business school rankings. While rankings shouldn’t be the only factor when choosing where to study, the tables contained within this year’s Guide are a fantastic way to compare schools and start the shortlisting process. Our country feature on studying in France may also kick start your reflections on where in the world you might like to study. And, in the TopGrad half of this publication we include the latest QS Best Student Cities rankings which will inspire more destination ideas. As well as choosing where to study, you’ll obviously need to make a decision about what to study. In these pages, we take a closer look at the similarities and differences between part-time and full-time MBA programs, assessing which of the two will be the right fit for you. We also know that an increasing number of schools are investing in their flexible, online MBA, and in their executive MBA programs (EMBA). If this is a method of study that you’re considering, we break down some of the major benefits (and drawbacks) of an online degree in these pages and include relevant rankings. In truth, there’s so much advice and support we can offer but only so many pages within this Guide. Once you’ve read everything here, head to TopMBA.com and you’ll be able to find answers to every other question you could possibly have about studying an MBA, as well as information about MBA funding, how to measure your return on investment and the top career trends to look out for. You’ll also be able to find out more information online about the range of QS Scholarships we have available. By attending a QS event, you could be eligible for one of our range of scholarships worth a combined US$7 million. We have interviews with some of this year’s winners in this Guide, but for full information on how you could apply head to TopMBA.com/scholarships. Wherever your MBA journey takes you next, we hope this guide is able to answer some of your questions and help you on the next step towards a rewarding, high-earning career. Good luck! Craig O’Callaghan, Editor, QS TOPMBA CAREER GUIDE
TOPMBA CAREER GUIDE 2019/20 | CONTENTS
CONTENTS
9 MBA RANKINGS
11 How to Use TopMBA Rankings
12 QS Global MBA Rankings 2019
15 QS Business Masters Rankings:
Business Analytics, Finance, Management, Marketing
21 WHAT KIND OF MBA?
22 Part-time or full-time MBA?
25 TOP EXECUTIVE MBA GUIDE
26 Online MBA or EMBA?
27 QS Online MBA Rankings 2019
30 Is an Executive MBA right for you?
33 QS Global Executive MBA Rankings
35 QS Joint Global Executive MBA Rankings
37 MBA - WHERE AND HOW?
40 Top destinations: Guide to studying in France
43 Business School interview: ESCP
47 QS Scholarships: all you need to know
48 QS MBA Scholarship winners
Editor Craig O’Callaghan /topmba
Contributors Julia Gilmore, Francesca di Meglio, Seb Murray, Niamh Ollerton
Editorial and Project Manager Emma Simmons @topmba
Designer Sarah Hudson
Rankings Data Selina Griffin, Daniel Kahn, Dennis Yu QSIU
Production Jessica Wang, Alloysius Ching
Advertising Sales Enquiries alloysius@qs.com
Publishing Director Ben Sowter
Managing Director Nunzio Quacquarelli
Published by QS Quacquarelli Symonds Ltd
QS Quacquarelli Symonds Ltd. 1 Tranley Mews, Fleet Road, London, NW3 2DG, UK
topmba.com
QS accepts no legal responsibility for the accuracy or otherwise of submissions. and accepts no liability for any decisions or actions taken based on the content of this
publication or any consequences thereof. The editorial team try to ensure that all contributions are correct and true at time of production. The entire contents of this
publication is protected by copyright. All rights reserved. No part of this publication may be copied or reproduced, stored in a retrieval system, transmitted in any form or
by any means, without prior permission from the publisher.
MBA
RANKINGS
How to Use TopMBA Rankings 11
QS Global MBA Rankings 12
QS Business Masters Rankings 15PREPARE TO LEAD LEADING
WITH A SCHULICH MBA
s #ANADAS PREEMINENT -"! PROGRAM
s #HOICE OF FULL TIME OR PART TIME -"! ACCELERATED -"! AND )NTERNATIONAL -"!
s CUTTING EDGE SPECIALIZATIONS IN MANAGEMENT FUNCTIONS INDUSTRY SECTORS
AND SPECIAL BUSINESS ISSUES
s &LEXIBLE STUDY OPTIONS WITH CLASSES AT 9ORK 5NIVERSITYS MAIN +EELE CAMPUS
OR AT OUR SATELLITE CAMPUS IN DOWNTOWN 4ORONTO
s 2EAL WORLD EXPERIENTIAL LEARNING WITH A TWO TERM STRATEGIC CONSULTING PROJECT
WORKING WITH CLIENTS ON REAL BUSINESS PROBLEMS
s )N HOUSE SERVICES TO INTERNATIONAL STUDENTS TO ASSIST WITH THE TRANSITION AND
SETTLEMENT INTO 3CHULICH 4ORONTO AND #ANADA
For further information, contact: admissions@schulich.yorku.ca
schulich.yorku.ca
schulich
h.yorrku.ca /QSguide
Canada’s Top-Ranked Business School
Global Reach. Innovative Programs. Diverse Perspectives.
Schulich MBA: #1 IN CANADA ( Forbes, CNN Expansión, Corporate Knights, América Economía, eFinancialCareers) #3 IN THE WORLD (Corporate Knights)
Kellogg-Schulich Executive MBA: #1 IN CANADA (Financial Times, The Economist, QS TopMBA) #6 IN THE WORLD (QS TopMBA) #8 IN THE WORLD (The Economist)TOPMBA CAREER GUIDE 2019/20 | TOPMBA RANKINGS
How to Use TopMBA
Rankings
Craig O’Callaghan takes a closer look at the various MBA rankings included in this
Guide, and how you can make the most of them.
Business school rankings can be a vital Business Masters Rankings This methodology is designed to accurately
resource when trying to compare different The QS Business Masters Rankings present reflect whether a particular program will
programs and decide where to study, an alternative for people who aren’t sure if provide salary uplift or a promotion after
and you’ll be hard-pushed to find a more a traditional MBA program is the best fit for completion. Diversity is also an important
extensive set of rankings than the ones their needs and looks at specialist MBAs. metric to consider, especially given the
published on TopMBA.com. We publish fact that executive MBA programs have
extracts of several of the tables in these In 2019 this ranks the best business Master’s historically struggled to recruit women.
pages. Before you dive in to find out which programs in Business Analytics, Finance,
schools have been ranked as the best in Management and Marketing, and these are Which ranking should I look at
the world, here’s a closer look at each set based on similar indicators to the Global ȴUVW"
of rankings included here and how you MBA Rankings, but with differences in Ultimately, the answer to this depends on
can use the table to choose where to apply. percentage weightings across the four what you’re looking for. If you have your
Remember, QS publishes new rankings subjects. We show the top 50 of each in this mind set on one particular study option
every year so always check online at publication. (a full-time MBA, for example) then you
TopMBA.com for the very latest results probably don’t need to look too closely at the
which may have appeared. The Masters in Marketing ranking has been other tables. If, however, you’re undecided
added in 2019 and the full table (available at between a business Master’s degree or a
Global MBA Rankings TopMBA.com) features 70 business schools traditional MBA, or you’re at a point in your
The QS Global MBA Rankings compare the from around the world, with Columbia career where both an MBA and EMBA seem
best full-time MBA programs around the Business School ranked in first place. feasible, then consult both sets of tables to
world. 250 business schools from around the identify schools which are ranked highly and
world were ranked in the 2019 edition of this EMBA Rankings which you feel are realistic targets for you.
ranking, with Stanford coming out on top. The Executive MBA (or EMBA) is a valued
We show the top 100 overleaf. option for professionals with C-Suite The next step, ideally, is to speak to a
experience. The methodology of this ranking representative of your shortlisted schools
Schools were assessed on the following five considers the following nine indicators: –maybe at a QS event! That way you’ll be
criteria, with over 260,000 academics’ and able to learn more about the content of each
218,000 employers’ views considered: • Employer Index 30% program, the application requirements, and
• Thought Leadership 25% you can whittle your shortlist down even
• Employability 40% • Years of Work Experience 5% further. Don’t forget, there’s also plenty more
• Entrepreneurship and • Management Experience 5% information available at TopMBA.com if you
Alumni Outcomes 15% • C-Suite Experience 5% can’t find the answer to a particular question
• Return on Investment 20% • Number of Nationalities 5% in these pages.
• Thought Leadership 15% • Female Representation 5%
• Class & Faculty Diversity 10% • Salary Uplift 10% Good luck with the search!
• Career Opportunities/Promotions 10%
More information about the methodology
can be found online, but as the breakdown
above shows, a significant proportion of
a school’s performance in this QS ranking
is decided by the impact an MBA from a
particular institution will have on your
employability and future earnings.
Entrepreneurship is also a key indicator for
QS, as ever more MBAs seek to establish their
own companies after graduation.
11TOPMBA CAREER GUIDE 2019/20 | QS GLOBAL MBA RANKINGS QS World University Rankings: Global MBA Rankings 2019 - Top 100 Rank Rank School Location Overall score 2019 2018 1 4 Stanford Graduate School of Business US 94.4 2 1 Harvard Business School US 93.9 3 6 Wharton US 93.5 4 5 London Business School GB 92.1 5 7 MIT Sloan School of Management US 91.8 6 2 INSEAD FR/SG 91.1 7 3 HEC Paris FR 90.9 8= 12 Chicago Booth US 90.7 8= 10 IE Business School ES 90.7 10 8 Columbia Business School US 90.3 12 9 Oxford Saïd Business School GB 89.8 14 14 Kellogg School of Management at Northwestern US 89.4 16 18 Yale School of Management US 88.6 18 23 IESE Business School ES 87.6 20 25 Duke Fuqua School of Business US 86.4 22 19= NYU Stern School of Business US 85.7 24 21 IMD CH 82.7 26= 24 Rotterdam School of Management NL 78.0 28 34 Melbourne Business School AU 76.8 29= 37 USC Marshall School of Business US 75.9 32 32 BU Questrom School of Business US 75.1 34 35 Tepper School of Business US 74.6 36 33 Kelley School of Business US 73.8 38 36 Cornell S C Johnson College of Business US 73.5 40 42 NUS Business School SG 72.8 42 44= Mannheim Business School DE 72.0 44 'VER½IPH7GLSSPSJ1EREKIQIRX +& 46 52 University of St. Gallen CH 70.1 48= 53 Goizueta Business School Uni Emory US 69.1 50 46 Darden School of Business UVA US 69.0 12
TOPMBA CAREER GUIDE 2019/20 | QS GLOBAL MBA RANKINGS
Rank Rank School Location Overall score
2019 2018
52 72= Nanyang Business School SG 68.7
53= 56 HKUST Business School HK 68.5
55= 65 Vanderbilt Owen Graduate School of Management US 68.3
58 47 Michigan State Broad College of Business US 67.5
60 64 Uni Washington Foster School of Business US 67.2
61= 48 Ivey Business School CA 67.1
64 68 CUHK Business School HK 66.2
66 54 Georgia Tech Scheller College of Business US 65.5
68 67 Durham University Business School GB 65.3
69= 71 WHU Otto Beisheim School of Management DE 64.9
72 63 Krannert School of Management US 64.3
74 ! 9'(1MGLEIP7QYV½X+VEHYEXI&YWMRIWW7GLSSP -)
76 82= Schulich School of Business York Uni CA 63.4
78= 74 W P Carey School of Business ASU US 63.1
78= 85= Strathclyde Business School GB 63.1
81= 78 The Lisbon MBA PT 63.0
84 60 Fisher College of Business Ohio State US 62.9
86 79 University of Edinburgh Business School GB 62.2
88 91 Naveen Jindal School of Management US 61.5
90= 111-120 Carroll School of Management Boston College US 61.1
92 85= Wisconsin School of Business US 60.9
94 101-110 ESMT Berlin DE 59.8
96= 121-130 Trinity Business School Trinity College Dublin IE 59.6
98 94= INCAE Business School CR/NI 59.5
100 93 Indian School of Business IN 59.1
13Fudan University School of Management
International MBA Program
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Venture Capital & Private Equity USD ($) 130
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Fudan International MBA Program
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Why Fudan International MBA Program
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employment. Fudan International MBA Program participants.
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rapidly evolving and dynamic business landscape through the lens of diversity of skills and perspectives
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Class of 2018
Nationality: SingaporeTOPMBA CAREER GUIDE 2019/20 | QS BUSINESS MASTERS RANKINGS
QS Business Masters Rankings: Business Analytics - Top 50
Rank Rank School Program Location Overall
2019 2018 score
1 1 MIT Sloan School of Management Master of Business Analytics US 91.4
2 Imperial College Business School MSc Business Analytics GB 83.3
3 2 McCombs School of Business U Texas at Austin Master of Science in Business Analytics US 82.0
4 ESSEC Business School MSc in Data Sciences & Business Analytics FR/SG 81.2
5 ESADE MSc in Business Analytics ES 81.1
6 3 USC Marshall School of Business Master of Science in Business Analytics US 78.2
7 6 Alliance Manchester Business School MSc Business Analytics GB 71.8
8 7 Warwick Business School MSc Business Analytics GB 71.3
9 University of Edinburgh Business School MSc in Business Analytics GB 70.8
10 4 Carlson School of Management Master of Science in Business Analytics US 69.2
12 9 Krannert School of Management MS Business Analytics & Information Mgmnt US 67.2
14 NUS Business School Master of Science in Business Analytics SG 66.6
16 5 Melbourne Business School Master of Business Analytics AU 65.5
18 11 W P Carey School of Business ASU MS Business Analytics US 64.3
20 23 Poole College of Management N C State Master of Science in Analytics US 62.7
22= University of Bath School of Management Masters in Business Analytics GB 61.5
24 13 SMU Cox School of Business MS in Business Analytics US 60.5
26 UC Davis Graduate School of Management Masters of Science in Business Analytics US 59.3
28 17 Naveen Jindal School of Management Masters in Business Analytics US 57.9
30 15 George Washington School of Business MS in Business Analytics US 56.7
31= 38 William & Mary Mason School of Business MS in Business Analytics US 56.3
34= 18= Lindner College of Business Uni Cincinnati MS Business Analytics US 55.6
36 20 MIP Politecnico di Milano Graduate Sch of Business Int Master in Business Analytics & Big Data IT 55.3
38 30 UIC Business Liautaud Graduate School MS in Business Analytics US 54.5
40 22 UConn School of Business MS in Business Analytics & Project Management US 54.2
42 Clark University MS in Business Analytics US 52.5
44 26 Kogod School of Business American U Washington Master of Science in Analytics US 52.0
46 29 Strathclyde Business School Msc Business Analysis & Consulting GB 51.1
47= Worcester Polytechnic Institute Operations Analytics and Management US 51.0
49= Leeds University Business School MSc Business Analytics and Decision Science GB 50.2
15TOPMBA CAREER GUIDE 2019/20 | QS BUSINESS MASTERS RANKINGS QS Business Masters Rankings: Finance - Top 50 Rank Rank School Program Location Overall 2019 2018 score 1 1 London Business School MSc in Finance GB 96.1 2 3 HEC Paris Master in International Finance FR 93.7 3 2 MIT Sloan School of Management Master of Finance US 93.4 4= LSE London Sch of Economics & Political Science MSc Finance GB 93.2 4= 4 Oxford Saïd Business School MSc Financial Economics GB 93.2 6 Judge Business School Master of Finance GB 91.6 7 6 ESADE MSc in Finance ES 91.3 8 10 ESSEC Business School Master in Finance FR/SG 89.9 9 5 Berkeley Haas Master of Financial Engineering US 89.4 10 7 UCLA Anderson School of Management MSc in Finance US 88.5 12 8 ESCP Europe Business School Advanced Master in Finance FR/DE/ES/IT/PL 80.7 14 12 IE Business School Master In Finance ES 80.1 16 25 HSG University of StGallen Master of Arts HSG in Banking & Finance CH 77.2 18 17 Warwick Business School MSc Finance GB 74.2 20 22 WU Vienna University of Economics and Business Master in Quantitative Finance AT 73.9 22 18 Alliance Manchester Business School Msc Finance GB 73.5 24 9'(1MGLEIP7QYV½X+VEHYEXI&YWMRIWW7GLSSP 17GMR*MRERGI -) 26 21 EDHEC Business School MSc in Financial Markets FR 70.1 28 26 University of Edinburgh Business School Masters In Finance GB 67.6 30 28 Vlerick Business School Masters in Financial Management BE 66.1 32 37 SKEMA Business School MSc in Financial Markets & Investments FR 65.5 34 35 Nova School of Business and Economics International Master in Finance PT 63.9 36= Georgetown McDonough School of Business Master of Science in Finance US 63.0 38 33 Antwerp Management School Master of Finance BE 62.9 40 'VER½IPH7GLSSPSJ1EREKIQIRX 17GMR*MRERGIERH1EREKIQIRX +& 42 39 Amsterdam Business School MSc in Finance NL 60.8 43= 44 CUHK Business School MSc in Finance HK 60.0 46= 41= Grenoble Ecole de Management MSc in Finance FR 59.8 48 Babson College F W Olin Grad Sch of Business MS in Finance US 59.5 50 34 Fisher College of Business Ohio State Master in Finance US 58.9 16
TOPMBA CAREER GUIDE 2019/20 | QS BUSINESS MASTERS RANKINGS
QS Business Masters Rankings: Management - Top 50
Rank Rank School Program Location Overall
2019 2018 score
1 1 HEC Paris School MSc Strategic Management FR 95.3
2 2 London Business School Masters in Management GB 95.2
3 3 ESADE MSc in International Management ES 94.7
4 4 ESSEC Business School MSc in Strategy & Mgmnt of Int Business FR/SG 92.3
5 5 Imperial College Business School MSc in Management GB 90.4
6 6 IE Business School Master in Management ES 88.5
7 7 LSE London Sch of Economics & Political Science MSc Management and Strategy GB 86.5
8 8 CEMS Global Alliance in Management Education Master in International Management Global 83.2
9= 11 ESCP Europe Business School Master in Management FR/DE/ES/IT/PL 82.1
9= 10 HSG University of St Gallen Master in Business Management (MUG) CH 82.1
12 12 EMLyon Business School MSc in Management (Grande Ecole) FR 81.0
13= 13 Rotterdam School of Management MSc International Management NL 80.8
16= 16 Michigan Ross Master of Management US 79.8
18 17 WU Vienna University of Economics & Business MSc Strategy, Innovation & Mgmnt Control AT 79.0
20 38 TUM School of Management Master in Management & Techonology DE 77.1
22 22 Indian Institute of Management Bangalore Post Graduate Programme in Management IN 74.8
24 25 Indian Institute of Management Ahmedabad Post Graduate Programme in Management IN 74.0
26 20 Alliance Manchester Business School MSc International Business & Management GB 73.4
28 23 MIP Politecnico di Milano Graduate Sch of Business International Master in Project Management IT 72.4
30 27 BI Norwegian Business School Master of Science Strategic Marketing Mgmnt NO 70.7
32 41 SKEMA Business School Master in Management (Grande Ecole) FR/CN 70.2
34 24 University of Sydney Business School Master of Management AU 69.4
36 43 KEDGE Business School MSc International Business FR 68.0
38 37 BU Questrom School of Business MS in Management Studies US 67.8
40 9'(1MGLEIP7QYV½X+VEHYEXI&YWMRIWW7GLSSP 17GMR-RXIVREXMSREP1EREKIQIRX -)
42= 46= Indian Institute of Management Calcutta Post Graduate Diploma in Management IN 65.6
42= 34= Ivey Business School MSc in Management CA 65.6
46 48 Solvay Brussels Sch of Economics & Management Master in Management Science BE 64.3
48 56 Frankfurt School of Finance & Management Master in Management DE 63.9
50 45 Aalto University School of Business MSc in Global Management (CEMS) FI 63.2
17TOPMBA CAREER GUIDE 2019/20 | QS BUSINESS MASTERS RANKINGS
QS Business Masters Rankings: Marketing - Top 50
Rank School Program Location Overall
2019 score
1 Columbia Business School MS in Marketing Science US 87.2
2 Imperial College Business School MSc Strategic Marketing GB 84.8
3 HEC Paris MSc in Marketing FR 83.5
4 ESADE MSc in Marketing Management ES 83.4
5 ESCP Europe Business School MSc in Marketing & Creativity FR 75.5
6= Alliance Manchester Business School MSc Marketing GB 75.0
6= McCombs School of Business U Texas at Austin MSc in Marketing US 75.0
8 USC Marshall School of Business MSc in Marketing US 74.5
9 Vlerick Business School Master in Marketing Management BE 73.6
10 Warwick Business School MSc Marketing and Strategy GB 72.6
12 University of Edinburgh Business School MSc Marketing GB 69.5
14 Trinity Business School Trinity College Dublin MSc Marketing IE 68.3
16 Rotterdam School of Management MSc Marketing Management NL 66.3
18 Mays Business School Texas A & M MS Marketing US 62.8
20 Lancaster University Management School MSc Advanced Marketing Management GB 61.8
22 IÉSEG School of Management Master of Science in Digital Marketing & CRM FR 60.7
23= Johns Hopkins Carey Business School MS in Marketing US 60.2
26 BI Norwegian Business School Master of Science in Strategic Marketing Mgmnt NO 59.5
27= Durham University Business School MSc Marketing GB 59.0
30= Manderson Graduate School of Business Uni Alabama MS Marketing US 58.5
32 KEDGE Business School MSc Marketing & Brand Management FR 58.4
34 Strathclyde Business School MSc in Marketing GB 57.2
36 ESIC Business & Marketing School Master in Marketing Management ES 56.5
38 Grenoble Ecole de Management MSc Marketing Management FR/DE 56.1
40 MIP Politecnico di Milano Graduate School of Business Master in Marketing Management IT 55.7
42 Naveen Jindal School of Management MSc in Marketing US 54.9
44 Gabelli School of Business Fordham Uni MSc in Marketing Intelligence US 53.5
46= EAE Business School Master in Marketing Management ES/US 53.1
48 EADA Business School Master in Marketing ES/NL 52.8
50 NEOMA Business School MSc in Marketing French Excellence FR 52.4
19WHAT KIND
OF MBA?
Part-time or full-time MBA: which is right for you? 22
TOP EXECUTIVE MBA GUIDE 25
Should you consider studying an MBA or EMBA online? 26
Is an Executive MBA right for you? 30
QS Global EMBA Rankings 33
QS Global Joint EMBA Rankings 35TOPMBA CAREER GUIDE 2019/20 | PART-TIME OR FULL-TIME?
Part-time or full-time MBA:
which is right for you?
Francesca di Meglio asks whether you should be considering a part-time or
full-time MBA program.
Full-time and part-time MBA programs have Full-time for career changers, development through the academic content,
their similarities, but there are distinctions part-time for moving up the career support, and wider opportunities
that can help you decide between the two ladder for experiential learning and networking,”
when applying to business school. As well as One of the main reasons people dive into says Crystal Grant, director of admissions at
offering a different level of study intensity, full-time programs is to switch careers Imperial College Business School. “In today’s
full-time and part-time MBA programs offer entirely. If that’s not your end goal, then you fast-moving world, opportunities for this
slightly different things and there are pros might not need the perks of going to school amount of reflection and exploration are
and cons to each. Here’s what you should full-time. increasingly rare – and can lead to significant
consider before you decide what to pursue. career transformation.”
For instance, career changers may spend the
What suits you best? summer at an internship in order to pick up In general, part-time students require less
At the heart of the decision between new skills and experience. This allows them help with job hunting. Many remain with
studying full-time or part-time is the stage at to boost their resume while finishing the their employers and seek promotions post
which you are in life. degree, in preparation for the full-time job graduation. As a result, an internship is
recruiting that happens on campus in the redundant and unnecessary. During their
“Are you in the position to go ‘all in’ second year. time at school, they find it beneficial to test
and commit 100 percent to a full-time theories they’re learning in the classroom
experience?” asks Cliff McCormick, “A full-time program is a more immersive immediately in the workplace.
assistant dean of MBA and specialty masters experience that allows you to step back and
admissions at University of Maryland Robert focus on your personal and professional
H Smith School of Business. “Or, are you
looking to embark on your MBA journey in
parallel with your personal and professional
commitments?”
Time commitments aren’t the
only consideration though. You
should also ask yourself:
• Why are you pursuing the MBA? Is it so
you can change careers or to climb the
ladder in the industry in which you’re
already working?
• How much networking do you want to do?
• What are your finances like? How much
money do you have for grad school? How
much debt are you willing and able to
take on?
• What’s happening in your personal life?
Are you single? Do you have kids?
• Do you want to move somewhere else?
If so, are you able to make a move at this
time?
Once you’ve determined your answers to
these questions, you can begin to decipher
which program is best for you.
22TOPMBA CAREER GUIDE 2019/20 | PART-TIME OR FULL-TIME?
“[Going part-time] also allowed me to get the minimum number of credit hours per term. “Another core reason to get an MBA is the
full benefit of getting all the knowledge and There is often tuition assistance available for network you join, and both programs give
tools I would get from the MBA, while still fulltime students in the form of scholarships you access to the alumni network, though a
gaining experience as a practicing litigation and teaching/research assistant positions.” full-time MBA creates stronger relationships
attorney,” says Gustavo Mayen, 2017 graduate with your classmates, as you spend more
of Babson College Franklin W Olin Graduate In some cases, the employer is willing to time with them,” says Jeevan Balani, 2009
School of Business. at least partially sponsor the employee’s MBA graduate of Northwestern University,
part-time education. When that happens, Kellogg School of Management.
“I was also able to use the new knowledge the student might have to sign an agreement
and skills I gained throughout the MBA in saying he or she will remain with the Because part-time students often have
a quick and practical way, as they allowed company for a certain time after graduating. other responsibilities besides school, they
me to develop the business part of my law In addition, students with full or partial don’t always interact as much with the
office.” sponsorship from an employer might not community. As a result, they don’t get as rich
participate in recruiting events on campus. a network enhancement from attending
3DUWWLPHPD\EHPRUHDRUGDEOH a graduate program as their full-time
Sometimes, your bank account makes the You can always take on debt in the form of counterparts do.
decision for you. Some applicants simply student loans, but you’ll have to assess your
cannot afford to take one or two years savings, financial commitments, ability Places on part-time MBA
off work to pursue a graduate degree. In to take on loans, and potential return on programs aren’t always as
those instances, the part-time program is investment (ROI). Then, you have to make a competitive
appealing, as you can continue to work while decision with which you’re comfortable. “While your college record will, of course,
going to school. still be considered by part-time MBA
Full-time MBAs may provide programs, these types of programs tend
“Part-time students pay per credit hour with opportunities to build a strong to be more forgiving of poor college
reduced levels of student fees,” says J Barry network grades – especially if you attended college
Dickinson, dean of the School of Business MBA programs aren’t just vehicles for many years ago and you have had a lot of
Administration at Holy Family University. education. They’re also a way to broaden the professional successes since then,” says Nita
network of professionals on which you can Losoponkul, head consultant at Veritas Prep,
“This is more of a pay-as-you-go model. It rely. To some degree, both full-time and part- an admissions consulting firm.
makes tuition manageable for part-time time MBA programs provide students and
students who are still employed and paying alumni with great business connections. By taking all these things into consideration,
out-of-pocket. Full-time students pay full you should be able to get a better idea of
graduate tuition and are required to carry a which program is right for you.
23“Lead the
Disrupt to change it all.
Join the creactivist wave at our
Full Time MBA #BeaCreactivist
esade.edu/ftmba
#
1 in Europe for Women
Financial Times, 2018Get The New York Times for your students Full access to award-winning journalism and rich resources drives learning and broadens understanding of the world. An academic site license gives your students and faculty the ability to access NYTimes.com on any device, on or off campus. nyteducation@nytimes.com nytimes.com/groupsubs
TOPMBA CAREER GUIDE 2019/20 | TOP EXECUTIVE MBA GUIDE
Should you consider
studying an MBA or EMBA
online?
With technological advances making the online classroom experience better than
ever, Seb MurrayH[SODLQVWKHEHQHȴWVRIYLUWXDOVWXG\
Online degrees have largely moved past the
perception they are second-rate degrees,
with the best business schools reporting
strong employment figures for their digital
cohorts. However, prejudice against online
MBA and executive MBA programs still
remains with some employers, so having
the brand of a well-regarded business school
can help you prove the credibility of your
qualification.
There are plenty to pick from, as the latest
QS Online MBA Rankings proves, but why
should you consider an online program?
Here are some of the benefits from an
employment perspective.
You’ll demonstrate your ability to roles,” says Boyd. “They tend to be more is that, along with gaining a valuable
multi-task active, motivated and engaged learners. They qualification, students also learn how to
As an online MBA student, employers may strive to get to know their classmates and navigate different time zones and adapt
value a candidate’s ability to juggle multiple benefit from learning from them.” These are to different perspectives and culture,”
priorities. known traits that employers value. says Boyd. “By studying and working
simultaneously, students can redirect these
“An online MBA is not an easy or more You’ll learn essential skills for skills back into their work, and even support
convenient mode of study – the program today’s workplace colleagues in becoming more effective
offered at Durham University Business With the world of work becoming more when working with team members based in
School requires 15 hours a week of study, digital and mobile, an online MBA also different locations.”
therefore a hard-working mind-set and can be great preparation for a modern
strong organisational skills are essential,” management job. Boyd says: “As businesses What you learn will have an
says Sue Boyd, director of the UK-based conduct more of their practices digitally immediate impact
school’s online MBA. “Students must be able and with dispersed colleagues, it’s no Also, when studying part-time, as many
to balance their work and study priorities longer farfetched to think of students online MBA students do, you can apply what
along with their personal lives and often engaging with education in the same way. In you learn directly into the workplace. “That’s
juggle all three at once.” delivering MBA programs online, business one benefit that we hear often from students:
schools are keeping pace with how modern they are able to take what they learn in the
You can study while you work businesses function.” classroom and apply it almost immediately
Yet a key advantage of an online MBA is that at work,” says Ramesh Venkataraman, who is
students who work in relatively senior roles In many organisations, teams are truly chair of the online MBA at the Kelley School
can complete their studies without taking a international, spreading all around the of Business at Indiana University in the US.
year-long career break in order to pursue a world. To manage this successfully, business
traditional, campus-based course. professionals must become better at “By the time full-time students apply
working effectively together. their learning, it’s at least a few months
“Because of this, they’re also typically not or a year or two before they get back to
the sort of people who coast along in their “An additional benefit to the online MBA work.” Employers, some of whom pay the
26TOPMBA CAREER GUIDE 2019/20 | TOP EXECUTIVE MBA GUIDE
tuition fees, may therefore feel there is an QS Online MBA Rankings 2019
immediate return on investment (ROI) of Rank Rank School Location
online MBA programs. “A large portion of 2019 2018
our students are seeking a promotion, and
1 1 IE Business School ES
the insight they get from our curriculum can
2 3 Imperial College Business School GB
help them step up to the next level in their
job,” Venkataraman says.
3 USC Marshall School of Business US
4 4 Warwick Business School GB
Your education will be bolstered 5 2 Kelley School of Business, Indiana University US
by cutting-edge technology 6 8 AGSM @ UNSW Business School AU
The Fuqua School of Business at Duke 7 20 MIP Politecnico di Milano Graduate School of Business IT
University in North Carolina is introducing
8 6 Alliance Manchester Business School GB
virtual technology in its weekend EMBA,
9 5 Warrington College of Business Uni Florida US
which blends online with face-to-face
learning, and that lets faculty and students
10 14 Durham University Business School GB
see and hear each other via video. The
professor will wear a sensor that triggers 12 27 Kogod School of Business American Uni Washington US
a rotating camera to continually follow
him or her around the classroom, while a 13= 34 University of Otago Business School NZ
separate camera can capture students. The
images will be beamed to remote learners in
16 23 CENTRUM PUCP Business School PE
real-time.
“We believe this will especially appeal to 18 9 George Washington School of Business US
working parents or students from parts of
the US who might find it difficult to travel,” 20 19 Aston Business School GB
says Mohan Venkatachalam, senior associate
dean for EMBAs at Duke Fuqua. “That
22 33 Bradford University School of Management GB
increased flexibility also translates directly
into increased diversity. We want to develop
leaders with the skills to bring people who 24 15 Deakin Business School AU
are very different together — the more
diverse your classmates are the more you 26 Eller College of Management Uni Arizona US
will learn directly from them.”
28 29 SBS Swiss Business School CH
Using video to deliver content has also
been beneficial to students on the EMBA at
30 20 College of Business Lehigh University US
University of Virginia’s Darden School of
Business, which is also blended. Darden has
invested in creating an e-Studio that lets 32 46 La Trobe Business School AU
faculty teach remote students using Zoom, a
popular video-conferencing system. 34= 39 Amity University Distance Learning IN
“What we hear more than anything else
36 34 University of Wisconsin MBA Consortium US
is that distance learning can help deliver
the very technical material that we teach
in Finance,” says Barbara Millar, assistant 38 38 College of Business Michigan-Dearborn US
dean for the Darden EMBA. “Students like
the fact that they can review every recorded 40 College of Business Administration Kent State Uni US
lecture as they prepare for an exam — they
have access to a 24/7 library with faculty
explaining very complex subjects.”
Advances in technology and the creativity
in program design being demonstrated
by schools are clearly coming together to
make studying for an online MBA or EMBA
a rich and compelling experience in its own
right for students who select a remote study
experience.
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TOPMBA CAREER GUIDE 2019/20 | TOP EXECUTIVE MBA GUIDE
Is an Executive MBA right
for you?
Not sure whether an Executive MBA (EMBA) will help you achieve your career
goals? Julia Gilmore has some answers. The latest QS Global EMBA and Joint EMBA
Rankings follow the article.
The Executive MBA (EMBA) is often
misconstrued as a ‘superior’ form of the
MBA, but it is in fact a part-time course
aimed at candidates with more work
experience and expertise than the average
MBA applicant.
The degree classifications hold the same
merit at graduation but vary wildly in
purpose and delivery format, meaning you
get a totally different experience from that
of the full-time MBA student. Bearing this in
mind, you can get a good idea of whether an
EMBA is the best fit for you.
Admissions criteria
The EMBA is designed for managers with
considerable work experience, usually
around 10-15 years. Considering this, it’s
unsurprising that EMBA students have an
average age of 38, compared to 28 for the may also require proof from a candidate’s Recently, there has been an increase in self-
regular MBA. employer that they support you in funded EMBA students, reflected by the fact
undertaking the degree, which is especially that an increasing number of schools are
However, there are cases of candidates important for an EMBA for which your work- offering EMBA scholarships.
in their late 20s or early 30s operating at study balance will influence your success in
an executive level, in industries such as the program. The cost of EMBA tuition varies significantly
technology where employees tend to be depending on the region the program is in,
promoted quickly and reach an executive Funding your studies the teaching standards of the program, the
level before they are 35. If you are younger The part-time nature of the EMBA has reputation of the school, as well as several
but feel you fit into the executive category, substantial financial implications for other factors. Depending on the program,
an EMBA may still be right for you. funding your studies. As it is part-time, EMBA fees worldwide range from under US$30,000
candidates can work and earn a full-time to over US$150,000.
Not all EMBA courses require a GMAT, but salary while studying, and likely won’t
most of the top schools will require some have to think about some of the new costs The job security offered by sponsorship may
sort of standardised test, which could associated with a full-time study program, appeal to many candidates, as sponsorship
also include the relatively new Executive such as accommodation and relocation often requires you to work at the company
Assessment test. This has been designed expenses. for several years after graduation,
by the Graduate Management Admission meaning you get your EMBA paid for and a
Council (GMAC), the creators of the GMAT It’s very common for an EMBA candidate guaranteed job afterwards. However, there
exam, and was developed for time-sensitive to have the majority, if not the entirety, of may be certain trade-offs with this sort of
executives, as it’s easy to schedule, shorter their tuition covered by their employer, in arrangement, such as fewer opportunities for
than the GMAT, and requires more moderate a practice known as sponsorship. Students upward progression or salary negotiation.
preparation. who are company-funded may be required to
commit to that company for a few years after If your company offers sponsorship, be sure
The EMBA, much like the MBA, requires graduation. in advance of your obligations within the
letters of recommendation, and a school agreement. The careers service offered to
30TOPMBA CAREER GUIDE 2019/20 | TOP EXECUTIVE MBA GUIDE
EMBA students is often very helpful if you’re
hoping to get promoted from within your
company as it will offer coaching on how to
get promoted and negotiate salary raises.
Teaching format and scheduling
your degree
EMBAs are designed to suit the working
professional and are part-time. Usually,
EMBA students remain in their current
position on a full-time basis, with some of
their EMBA tuition taking place online or by
distance learning. An EMBA cohort all tend
to start at the same time, and stay together
throughout the program, providing ample
opportunities to make connections with
fellow executives.
There’s a significant amount of in-class
learning, which is usually organised to take highly disciplined to succeed. Plus, in-person The common goal for most middle-managers
place in evenings, weekends, or intensive classroom participation with other experts is to reach a C-Suite position, such as CEO,
weeks, depending on the school. It’s also in their fields is often noted as a key element COO, or CIO. An EMBA allows you to develop
common for some classes to take place of the EMBA program, something you can and enrich your core skills learned in your
in different locations around the world. lose out on as an online-only student. career as well as adding new knowledge
Classwork tends to be undertaken in shorter, and capabilities. Anyone who can fulfil the
more intense intervals than on the full-time The MBA and EMBA tend to have the same double duties of being both a student and
MBA, to minimise disruption by regular core curriculum content, however EMBA an employee can demonstrate to upper
work schedules. programs, as a consequence of their part- management they have the ambition to step
time nature, tend to have fewer electives. up to these higher-level positions within a
It’s important not to underestimate the Nevertheless, there are also targeted EMBAs company.
amount of work involved in an EMBA. While for those who want to specialise, such as in
teaching is part-time, it’s very intensive and healthcare or sustainability. Career transitions are also frequent goals
requires an investment of more than 20 or outcomes for successful EMBA students
hours a week in addition to your full-time Opportunities for networking and such as from functional manager to general
job. Really consider whether you can add the career progression manager or executive, from manager to
EMBA to your schedule if it’s already full of One of the most important elements of an entrepreneur, or from one company or
professional and personal commitments. EMBA program is networking and being an industry to another.
EMBA candidate at a top school means you’re
If you’re unable to work weekends more likely to be able to network with major Whatever your position, you should define
or evenings, you could undertake an players in a vast array of industries. your career goals before undertaking an
asynchronous online-EMBA program where EMBA, as it’s important to know how you
you fit digital classes around your schedule, The majority of EMBA candidates are driven intend to use the knowledge, skills, and
but it’s important to bear in mind that a self- to undertake the degree because of the contacts you have gained on the program to
guided online approach requires you to be promise of a career boost after graduation. your best advantage after graduation.
31PREPARE TO LEAD LEADING
WITH A SCHULICH MBA
s #ANADAS PREEMINENT -"! PROGRAM
s #HOICE OF FULL TIME OR PART TIME -"! ACCELERATED -"! AND )NTERNATIONAL -"!
s CUTTING EDGE SPECIALIZATIONS IN MANAGEMENT FUNCTIONS INDUSTRY SECTORS
AND SPECIAL BUSINESS ISSUES
s &LEXIBLE STUDY OPTIONS WITH CLASSES AT 9ORK 5NIVERSITYS MAIN +EELE CAMPUS
OR AT OUR SATELLITE CAMPUS IN DOWNTOWN 4ORONTO
s 2EAL WORLD EXPERIENTIAL LEARNING WITH A TWO TERM STRATEGIC CONSULTING PROJECT
WORKING WITH CLIENTS ON REAL BUSINESS PROBLEMS
s )N HOUSE SERVICES TO INTERNATIONAL STUDENTS TO ASSIST WITH THE TRANSITION AND
SETTLEMENT INTO 3CHULICH 4ORONTO AND #ANADA
For further information, contact: admissions@schulich.yorku.ca
schulich.yorku.ca
schulich
h.yorrku.ca /QSguide
Canada’s Top-Ranked Business School
Global Reach. Innovative Programs. Diverse Perspectives.
Schulich MBA: #1 IN CANADA ( Forbes, CNN Expansión, Corporate Knights, América Economía, eFinancialCareers) #3 IN THE WORLD (Corporate Knights)
Kellogg-Schulich Executive MBA: #1 IN CANADA (Financial Times, The Economist, QS TopMBA) #6 IN THE WORLD (QS TopMBA) #8 IN THE WORLD (The Economist)TOPMBA CAREER GUIDE 2019/20 | TOP EXECUTIVE MBA GUIDE
QS Global Executive MBA Rankings - Top 25
Rank School Program Location Overall score
2019 2018
1 1 Wharton MBA for Executives Philadelphia (PA), San Francisco (CA) 95.9
2 2 MIT Sloan School of Management Executive MBA Cambridge (MA) 94.6
3 3 London Business School Executive MBA London, Dubai 94.3
4 10= IESE Business School Global Executive MBA Barcelona, New York (NY), Silicon Valley 92.1
5= 5= Chicago Booth Executive MBA Chicago (IL), London, Hong Kong 91.6
5= 13 HEC Paris Executive MBA Paris, Doha 91.6
7 4 Kellog Sch of Mgmnt at Northwestern Executive MBA Evanston (IL), Miami (FL) 89.3
8 5= Berkeley Haas Executive MBA Berkeley (CA) 88.7
9= 12 INSEAD Global Executive MBA Fontainebleau, Abu Dhabi, Singapore 88.5
9= 9 UCLA Anderson Sch of Management Executive MBA Los Angeles (CA) 88.5
11= 8 Oxford Saïd Business School Executive MBA Oxford 88.3
11= 15 Yale School of Management MBA For Executives New Haven (CT) 88.3
13 10= Cambridge Judge Business School Executive MBA Cambridge 88
14 7 Columbia Business School Executive MBA-NY New York (NY) 86.5
15 14 NYU Stern School of Business Executive MBA New York (NY) 85.7
16 19 SDA Bocconi School of Management Global Executive MBA Milan, Mumbai, Copenhagen,
Ann Arbor (MI), Shanghai 84.9
17 23 ESADE Executive MBA Barcelona, Madrid 82.5
18 29 NUS Business School Executive MBA Singapore 81.4
19 21 IMD Executive MBA Lausanne, Palo Alto (CA), Beijing 81.3
20 16 IE Business School Global Executive MBA Madrid, Sao Paulo, Singapore, Los Angeles 80.9
21 20 Duke Fuqua School of Business Global Executive MBA Durham (NC), Santiago, Shanghai,
Berlin, New Delhi 78.9
22 24= Rotman School of Management One-Year Executive MBA Toronto (ON) 78
23 18 Michigan Ross Executive MBA Ann Arbor (MI), Los Angeles 77.5
24 38 CUHK Business School Executive MBA Hong Kong 76.6
25 28 Copenhagen Business School Executive MBA Copenhagen 76.3
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