In this opportunity, there are 48 business schools participating in the Global MBA Ranking 2022. It is interesting to note that in the first six positions there were no changes with respect to the 2021 ranking, where we have as leader the Stanford Graduate School of Business (1 °). Le sigue IESE Business School (2 °), HEC Paris (3 °), London Business School (4 °), Haas School of Business (5 °) y finalmente, Yale School of Management (6 °).
The performance of HEC Paris (3 °) deserves to stand out, having increased its score from 89.21 points in the ranking in 2021 to 92.20 in 2022. In particular, the school of business has significantly increased its weakness in the dimensions of Multiculturalism and International Position. .
The top 10 of this new version of the ranking will close the business schools ESADE Business School (7 °), IE Business School (8 °), Warwick Business School (9 °) and The Fuqua School of Business (10 °).
If we look closely at the characteristics of this selected group of the top 10, it is estimated that about 20% of the students participating in their MBA programs are from Latin America, in addition, about 38% of the total students are women and the average score GMAT rises to 700.6 points, an increase compared to the 693 points in the previous version of the ranking.
The cultural diversity is impressive to add value to MBA programs. And in fact, Stanford (1 °) stands out in this regard when it comes to students from 85 nationalities. On the other hand, Hult International Business School (29 °) has 75 nationalities, EU Business School (21 °), with 74 nationalities and London Business School (4 °), with 72 nationalities. As shown in Graph 1, this top of the schools with the largest variety of countries in which their students have their students will close HEC Paris (3 °), IESE (2 °), IE (8 °), The Fuqua (10 °), Haas (5 °) and finally, ESADE (7 °) and Warwick (9 °), both with 41 nationalities.
Despite the difficulties and changes during 2021, there are schools that stand out for their advancement in some ranking positions compared to previous versions. These business schools are Owen Graduate School of Management (18 °), EU Business School (21 °) and Leeds School of Business (42 °).
On the other hand, this year seven new schools are ranked in our ranking: Durham University Business School (20 °), Bayes Business School (22 °), Mendoza College of Business (23 °), Warrington College of Business (32 °), Cranfield School of Management (33 °), Deakin Business School (43 °) and International Business School (48 °).
Study in pandemic
Since 2020 the political, economic and sanitary situation has changed all over the world, so that the time to attract foreign students and in particular, Latin American students, has returned a stalemate to the business schools. Despite the difficulties, a significant increase in Latin American students is expected in 2021, which confirms that each year more students in the region seek to specialize in some of the MBA programs that offer the best schools in the world.
North America increased its percentage of Latin American students over the total number of students, up 8.7% compared to 6.9% in the previous version, while Europe ranks with 21.1% of Latin American students, making a percentage. higher than the 2021 version of the ranking (19.3%) but still lower than the previous scenario, in which in the 2020 ranking European business schools received 27.6% of Latin American students. On the other hand, the percentage of Latin American professors taking classes in MBA programs is 3% for North America and 7.3% for Europe.
Among the top 15 business schools with the largest proportion of Latin American professors are five Spanish institutions, ESIC (25 °) and EAE (31 °) with 23%, IE (8 °) with 28%, IESE (2 °) with 11% and ESADE (7 °) with 5%. Unsurprisingly, just like the previous version of the ranking, EU Business School (21 °) ranks as the school with the highest percentage of Latin American teachers with 30%.
Not to mention an idiomatic barrier, no doubt, the Spanish business schools have a very close relationship with Latin America, so not only does it account for a significant percentage of Latin American professors, but also annually receive hundreds of Latin American students. Recently, EAE Business School (31 °) has the lead in the largest percentage of Latin American students over the total number of students, with a surprising 81%. It follows IE Business School (8 °) with 52% and ESIC Business & Marketing School (25 °) with 40% of Latin American students.
For the 2021 ranking, we stand out as 51% of the participating schools have actively consulted with Latin American companies. This year, the percentage rises to 60.4%, confirming how each year the various business schools undertake the most initiatives focused on Latin America, as part of their MBA program.
On the other hand, there was also a significant increase in the percentage of schools organizing events with speakers from Latin America and networking events, reaching 66.7% and 72.9% respectively.
It is not known that gender inequality continues in different fields and the evaluated MBA programs are not the exception. Only 40.8% of the total matriculated students are women, however, it can be noted that this percentage has increased significantly compared to the previous edition of the ranking, where the percentage of women rose to 38.8%. In terms of full -time professors, 30.9% are women, a more favorable situation than the 27.7% of the previous ranking.
Finally, analyzing the growing population of MBA programs, 33.9% of recent high school students (2017 to 2021) are women, while only 21.9% of historically high school students (1970 to 2016) are to the female generation.
Unsurprisingly, there are business schools where the number of female students predominates over men, Kenan-Flagler Business School (24 °) accounts for 70% of women and AB Freeman School of Business (46 °) with 67%.
Encouraging entrepreneurship and innovation
In today’s globalized world, entrepreneurship and innovation have taken over the agenda of all countries and business schools seeking to promote knowledge through their MBA programs.
84.4% of the participating business schools achieve innovation competencies and 91.3% develop entrepreneurship events. On the other hand, each year the number of schools that count with some type of scholarship for entrepreneurs who want to be part of the MBA program increases. If for the previous version the percentage was 67.3%, this year we account for 81.3% of schools falling behind. Finally, 80.9% of schools act as business accelerators and 60% have or host an Innovation Center.
So we do the Global MBA Ranking 2022:
- Multicultural Experience and Diversity (22.5%):
- % of students enrolled in the first year
- Number of nationalities
- % of foreign academics teaching in the program
- Relationship between female/male students
- Go on a multicultural program scale
- Network potential for Latin Americans (12.5%):
- % of Latin American academics teaching in the program
- % of Latin American students in relation to foreign students
- Tracing point of Latin American immigrants
- Go to activities that are promoted by networks with Latin America
- Selectivity (27.5%):
- Relationship between matriculated students and the total number of graduates
- Focus on Innovation (10%):
- Innovation initiatives
- Impact on the innovative ecosystem
- Institutional innovation
- Position in International Rankings (27.5%):
- Top positions in The Economist, Financial Times and QS MBA rankings