20th anniversary edition - Economist Intelligence Unit

352 Pages·2008·2.47 MB·English

20th anniversary edition
Making the right choice
of executive education
George Bickerstaffe
The Economist Intelligence Unit
The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing
operations across national borders. For over 60 years it has been a source of information on business
developments, economic and political trends, government regulations and corporate practice worldwide.
The EIU delivers its information in four ways: through our digital portfolio, where our latest analysis is updated
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© 2008 The Economist Intelligence Unit Limited. All rights reserved. Neither this publication nor any part of
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ISBN-13: 978-0-86218-209-0
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authors, which does not necessarily coincide with the editorial views of the Economist Intelligence Unit Limited
or of The Economist Newspaper Limited.
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Printed and bound in Great Britain by Halstan & Co Ltd., Amersham, Buckinghamshire.
Lyon,France
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Contents
Acknowledgements xi
Preface xiii
Part 1: Choosing a programme
Chapter 1 The MBA: riding out a storm 3
The MBA job market 3
Chapter 2 What you’ll learn—core and elective subjects 7
The core 7
Elective subjects 8
Employers and core and elective subjects 9
Teaching methods 9
Chapter 3 What you’ll learn—soft skills 13
Approaches to soft skills teaching 13
In-company projects 14
Using practising executives 15
Chapter 4 Different ways of taking the MBA 17
Full-time MBAs 17
Part-time MBAs 20
Executive MBAs 23
Distance-learning MBAs 25
Chapter 5 What you need to be an MBA 29
Qualifications 29
Work experience 29
The GMAT and other admissions tests 30
The admissions process 32
Application forms, references, essays and interviews 34
Paying for your programme 36
Chapter 6 Other options 39
Masters in Management 39
Specialised masters’ programmes 41
Specialised MBAs 42
Which MBA? © The Economist Intelligence Unit Limited 2007 v
Contents
Chapter 7 Top 10 considerations in choosing a business school 43
Programme 43
Faculty 44
Culture 46
Size 46
Facilities 46
Careers services 47
Internationalism 48
Location 50
Cohort 51
Accreditation 51
Part 2: Rankings and directory
Chapter 8 Full-time rankings 57
Why rank? 57
How is the Economist Intelligence Unit ranking different? 57
How did we choose which schools to rank? 59
Results 60
Regional round-up 64
Methodology: full-time MBA ranking 68
Directory
Using the directory 73
List of schools 75
Appendix: Comparative tables
Comparative data, full-time programmes 322
Comparative data, part-time programmes 328
Comparative data, distance-learning programmes 330
Comparative data, executive MBA programmes 332
Exchange rates 336
List of advertisers 337
vi Which MBA? © The Economist Intelligence Unit Limited 2008
Contents
List of figures
5.1 Average GMAT scores (top ten schools), 1998–2008 31
List of tables
1.1 Average starting salaries of recent MBA graduates 3
1.2 Average starting salaries of recent graduates from selected schools 4
1.3 Industry sectors recruiting graduates from the most recent
graduating full-time MBA class 5
4.1 Why did you decide to study for an MBA degree? (full-time students) 17
4.2 Accommodation costs around the world, 2008 19
4.3 Why did you decide to study for an MBA degree? (part-time students) 21
4.4 Part-time students sponsored by their company 21
4.5 Length of time part-time sponsored students agreed to stay with their company 21
4.6 Part-time tuition fees at selected schools 22
4.7 How did you choose the school where you are taking or took your MBA?
(part-time students) 23
4.8 Why did you decide to study for an MBA degree? (executive MBA students) 23
4.9 Executive MBA students sponsored by their company 24
4.10 Length of time executive MBA sponsored students agreed to stay
with their company 24
4.11 Why did you decide to study for an MBA degree? (distance-learning students) 26
4.12 How did you choose the school where you are taking or took your MBA?
(distance-learning students) 27
5.1 Average number of years’ work experience of full-time MBA students by region 30
5.2 Average GMAT scores of students by region 31
5.3 Average GMAT scores of students by region, selected schools 31
5.4 How difficult was it to get into your school? 32
5.5 How students finance their MBA programmes 36
7.1 How did you choose the school where you are taking or took your MBA? 43
7.2 Student and graduate ratings of programme content 44
7.3 Student and graduate ratings of faculty 44
7.4 Student and graduate ratings of back-up and facilities 47
7.5 Student and graduate ratings of careers service 48
7.6 Schools by percentage of foreign students 48
7.7 Foreign students by region 49
7.8 Student and graduate ratings of internationalism 49
7.9 Schools by percentage of foreign faculty 50
Which MBA? © The Economist Intelligence Unit Limited 2008 vii
Contents
7.10 Foreign faculty by region 50
7.11 Student and graduate ratings of quality of student body 51
8.1 Why schools could not be ranked 59
8.2 Global ranking, 2008 60
8.3 Top ten schools by category 63
8.4 North American schools by rank 64
8.5 European schools by rank 66
8.6 Asian and Australasian schools by rank 67
8.7 Proportion of responses required from students and recent graduates 68
8.8 Summary of ranking criteria and weightings 69
viii Which MBA? © The Economist Intelligence Unit Limited 2008
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Registered as Ashridge (Bonar Law) Memorial Trust. Charity number 311096.
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BUSINESS, ECONOMICS AND FINANCE
FOR GLOBAL LEADERSHIP
PIONEERS IN GLOBAL MARKETS CONNECTED TO BUSINESS Many senior
We teach state-of-the-art theory, immerse stu- executives visit the School each semester
dents in international experiences, and connect through our CEO, Entrepreneurs, Corporate
them to best practice in business and policy. Responsibility and Real Estate forums.
INTERNATIONAL TO THE CORE BOSTON: A GREAT PLACE TO LIVE
Our students come from Europe, Asia, Africa, AND STUDY Brandeis is in Boston, home
and Latin America, and international experi- to eight major research universities and to
ences are built into our programs in partner- 250,000 students.
ship with major foreign schools and companies.
EMPLOYMENT We have a strong record of
placing our students in leading corporations
and public sector institutions across the globe.
[email protected] • WWW.BRANDEIS.EDU/GLOBAL