The top three schools are the same, but thre are some huge changes among the European schools in the Economist's MBA ranking. In the top 20 European schools, listed below, there have been some HUGE movements (15 or more places up or down).
- Rising:- EDHEC; Warwick; IE.
- Falling:- Oxford (now out of the top 20 in Europe); Bath; Cambridge.

Rank Business School Country
4 HEC School of Management, Paris France
5 University of Navarra – IESE Business School Spain
15 London Business School United Kingdom
18 INSEAD France
21 IMD - International Institute for Management Development Switzerland
24 ESADE Business School Spain
26 European School of Management and Technology – ESMT Berlin Germany
34 Henley Business School United Kingdom
36 IE University – IE Business School Spain
37 Warwick Business School, University of Warwick United Kingdom
38 University of Mannheim – Mannheim Business School Germany
39 SDA Bocconi – School of Management Italy
43 University of Bath – School of Management United Kingdom
44 EDHEC Business School France
46 University of Strathclyde – Strathclyde Business School United Kingdom
52 University of Cambridge – Judge Business School United Kingdom
53 Cranfield School of Management United Kingdom
54 City University – Cass Business School United Kingdom
59 University of St.Gallen Switzerland
60 Erasmus University – Rotterdam School of Management Netherlands

So do you think Warwick is just as good of a choice as Oxford now? The reason I ask is that I am considering both and Warwick is a bit more affordable...

I think that rather depends on what you are looking for. The Economist's ranking favours rapid salary growth, and perhaps Oxford students are too senior to have such growth. But these are such different programmes, with very different networks, content and pedagogy.

I also think, for value, that the EDHEC EMBA at just €35,000 looks underpriced. If you think that Henley, Warwick, ESMT are closer to €50,000.