Ivey Files

December 2, 2008

European Business School Rankings

The Financial Times has just released its latest rankings of European Business Schools. Its top 10:

  1. HEC Paris
  2. London Business School
  3. INSEAD
  4. IE Business School
  5. IMD
  6. ESCP-EAP European School of Management
  7. IESE Business School
  8. EM Lyon
  9. Rotterdam School of Management/Erasmus
  10. Vierick Leuven Gent Management School

Some oddities and observations in the accompanying articles (here and here):

  • Eric Weber, the associate dean at IESE in Barcelona, "says that so far the school is not worried about job placements, but he acknowledges that student expectations may not be met." [I'm thinking maybe they should be worried about job placements, particularly when over half of their graduates in recent years have pursued finance careers.]
  • Eric Cornuel, director general and chief executive of the European Foundation for Management Development based in Brussels, "believes that European schools are less exposed and less sensitive to the economic downturn than US schools" because "European schools have some degree of state support and few if any endowments, and will not be exposed financially to the same degree" as American business schools. [What's left unsaid is that publicly funded European schools have far less money to throw around than their privately funded counterparts in the United States, and their failure to raise money privately has arguably compromised their quality compared to American institutions.]
  • The shorter MBA track at European business schools (one year, rather than two in the US) is usually considered an upside for many applicants, but in a down economy like this one, it might be better to ride out the downturn in a 2-year program than have to graduate at a low point. The opportunity costs of attending a 2-year program just got a whole lot lower, although the cost of an additional year can be an issue when credit is this tight.