In a move that underlines the decline in the dominance of the US in
corporate education, the London Business School has for the first time
come top of the Financial Times rankings of the world's top 100 MBA
programmes.
The annual list also for the first time features three
Chinese schools in the top 30 - the Hong Kong University of Science and
Technology (ranked nine); the China Europe International Business
School in Shanghai (22) and the Chinese University of Hong Kong (28).
The
rise of the LBS - based on a combination of strong research and global
teaching - over the past 12 years has mirrored the diminishing dominance
of US-based schools.
In 1999, when LBS was ranked eight, there
were 20 US-based schools and four other European institutions in the top
25. Twelve years later, there are just 11 US schools in this cadre,
with 11 from Europe and three from Asia.
US business schools have
seen their graduates facing a tough job market this year with 23 per
cent failing to find a job three months after graduation, according to
data supplied to the FT. By comparison, just 14 per cent of alumni of
Asian schools found themselves without a job.
There is also
evidence that the salary premium once enjoyed by graduates from the
elite business schools of the US is on the wane, with graduates from top
schools often in debt to the tune of $50,000-$100,000
(£31,000-£62,000).
FT Rankings MBA