FT Executive MBA Ranking 2021: methodology and key

This is the 21st edition of the FT’s yearly position of the world’s prime one hundred executive MBA programmes for senior doing the job professionals.

Participation in the position is voluntary and at the small business school’s ask for. EMBA programmes should meet certain conditions to be suitable. Very first the college should be accredited by both the US’s Association to Advance Collegiate Colleges of Small business or Europe’s Equis. The EMBA should be cohort-centered, with learners enrolling and graduating jointly, and with at least 30 graduates every 12 months.

A overall of 136 programmes took component in the 2021 position course of action, together with 14 joint programmes sent by far more than a person college. Two new educational institutions function in our desk — Moscow’s Skolkovo at 58 and Zhejiang at sixty five.

Data for the position are gathered employing two on the web surveys, the 1st concluded by taking part educational institutions and the second by alumni who concluded programmes in 2018. For a college to be suitable for the rankings, at least twenty for every cent of its alumni should reply to the FT study, with a minimum amount of twenty responses. Due to the Covid-19 crisis, this 12 months, the FT deemed educational institutions with a lessen response fee. About four,770 alumni concluded the study — an all round response fee of close to 47 for every cent.

Alumni responses tell five position conditions: income currently, income boost, career progress, function encounter and aims attained. With each other they account for 55 for every cent of the ranking’s excess weight. The 1st two conditions about alumni salaries every depend for twenty for every cent.

Salaries of non-financial gain and public sector workers, as perfectly as entire-time learners, are eliminated. Remaining salaries are converted to US dollars employing the latest getting ability parity (PPP) premiums equipped by the International Monetary Fund. The greatest and most affordable salaries are then eliminated and the necessarily mean ordinary “current salary” is calculated for every college. Wage boost is calculated according to the variation in ordinary income in advance of the EMBA to three decades immediately after completion. Half of the position excess weight is used to the complete boost and the other 50 percent to the share boost relative to pre-EMBA pay out.

When offered, alumni conditions are educated by the earlier three surveys. Responses from the 2021 study have 50 for every cent of the overall excess weight and all those from 2020 and 2019 every account for twenty five for every cent. Excluding income-similar conditions, if only two decades of facts are offered, the weighting is split sixty:40 if facts are from 2021 and 2020, or 70:30 if from 2021 and 2019. For income figures, the weighting is 50:50 for two years’ facts, to prevent inflation-similar distortions.

Facts provided by the small business educational institutions informs 10 conditions that collectively account for 35 for every cent of the ultimate position. The ESG category is centered on the proportion of core classes devoted to environmental, social and governance difficulties. It carries a excess weight of three for every cent.

The excess weight of the college and college student gender range is four for every cent every. For these gender range conditions, educational institutions with a 50:50 (male: feminine) composition get the greatest score.

The worldwide range calculation is centered on the all round share of learners and college from overseas as perfectly as the distribute of these people today by citizenship centered on the Herfindahl index, a evaluate of concentration.

The ultimate criterion, the FT investigate rank, accounts for 10 for every cent of the position. It is calculated according to the quantity of articles printed by schools’ entire-time college in 50 internationally recognised academic and practitioner journals. The rank combines the complete quantity of publications from January 2018 and close to Might 2021 with the quantity of publications weighted relative to the faculty’s sizing.

The FT rankings are relative. Colleges are ranked from every other rather than from established standards. The FT calculates the Z-scores for every criterion. (Z-scores exhibit how significantly a school’s facts is from the necessarily mean and are unitless, so they permit the position to be centered on incredibly different conditions — income, percentages and details.) These scores are then weighted as outlined in the position critical and additional jointly for a ultimate score.

Soon after removing the educational institutions that did not meet the minimum amount response fee from their alumni, a 1st model is calculated employing all remaining educational institutions. The college at the bottom is eliminated and a second model is calculated. This action is recurring to discover the prime one hundred.

Judith Pizer of Pizer-MacMillan acted as the FT’s database advisor.

The FT investigate rank was calculated employing Clarivate facts covering 50 journals selected by FT from the Internet of Science, an summary and quotation database of investigate literature.

Weights for position conditions are demonstrated in brackets as a share.

Wage currently US$ (twenty): ordinary alumnus income three decades immediately after completion, US$ PPP equivalent.†

Wage boost (twenty): ordinary variation in alumni salaries amongst in advance of the EMBA and now. Half of this figure is calculated according to the complete income boost, and 50 percent according to the share boost relative to the pre-EMBA income – the figure printed in the desk. †

Occupations progress (five): calculated according to variations in the level of seniority and the sizing of corporation alumni function in now, compared to in advance of their EMBA.†

Do the job encounter (five): a evaluate of the pre-EMBA encounter of alumni according to the seniority of positions held, quantity of decades in every posture, organisation sizing and overseas function encounter.†

Aims attained (five): the extent to which alumni fulfilled their ambitions or causes for accomplishing an EMBA.†

Feminine college (four): share of feminine college. ††

Feminine learners (four): share of feminine learners on the programme. ††

Gals on board (1): share of feminine members of the advisory board. ††

International college (five): calculated according to the range of college by citizenship and the share whose citizenship differs from their area of employment – the printed figure.

International learners (five): the share of present EMBA learners whose citizenship differs from the area in which they examine, or where the school’s key campus is situated, as perfectly as their range by citizenship.

International board (2): share of the board whose citizenship differs from the area in which the small business college is situated.

International training course encounter (five): share of classroom teaching hours that ended up conducted outdoors the area in which the small business college is situated for the finishing EMBA lessons from 2018 to 2021 if offered. An ordinary calculation was taken from the 2021 study, if facts ended up offered for necessary overseas teaching periods, additionally the earlier two years’ worldwide training course encounter facts (from the 2020 and 2019 surveys). Digital experiences ended up not provided. Due to journey limits induced by the pandemic, some educational institutions ended up unable to offer modern facts for this category. If you are a prospective college student, remember to get hold of the college to test if they are equipped to supply lessons overseas. †

More languages (1): the quantity of languages necessary on graduation, excluding English. * Programme not totally offered in English.

Faculty with doctorates (five): share of entire-time college with a doctoral diploma.

FT investigate rank (10): calculated according to the quantity of articles printed by a school’s present entire-time college members in 50 academic and practitioner journals amongst January 2018 and close to Might 2021. The rank combines the complete quantity of publications with the quantity weighted relative to the faculty’s sizing.

Environmental, social and governance (ESG) rank (three): proportion of core classes devoted to moral, social and environmental difficulties for the present and modern finishing class. Due to the pandemic, some educational institutions do not have a present class, therefore facts was taken from their modern finishing class only.

In general gratification: ordinary analysis by alumni of the training course, scored out of 10. Soon after alumni answered numerous issues about their EMBA encounter, they ended up requested to fee their all round gratification, on a 10-point scale.

FT position tier: educational institutions are divided into 4 groups. Colleges at the prime are in tier a person and all those at the conclusion are in tier 4.

† Features facts for the present 12 months and the a person or two previous decades where offered.

†† For the three gender-similar conditions, educational institutions that have 50:50 (male:feminine) composition get the greatest feasible score.