2020 FT ranking shows Brexit blow to UK schools; Cranfield & Lancaster drop out


Duncan

Nine new extrants in the 2020 ranking means nine schools dropped out of the FT Global MBA ranking, including Arizona State, previously ranked 62, Michigan State, previously 65th, and Boston College, which was #67.

Most UK schools fell in the ranking, as did their average salary, reflecting uncertainty about Brexit in the last two or three years. Cranfield, 76th last year, has dramatically shifted its MBA business model in recent years and is perhaps the largest UK on-campus provider with its Apprenticeship MBA for the domestic market. Lancaster, #91 last year, has left the ranking, reflecting the last three years' cautious hiring market for UK MBAs. I expect this will turn around for the current class, and certainly I see hiring picking up.

Fordham, Incae, Grenoble and Willian & Mary also left the top 100.

Three of the nine new entrants are in Greater China, including Renmin and SUFE, both of which entered the top 50. Edhec returned to the ranking, after a year away in 2019, reflecting the programme's small size which can prevent the response volumes needed for the FT ranking. It remains in the top 30 for value for money, international mobility and international course experience. The percentage employed at three months has risen from 78% to 92%.

Nine new extrants in the 2020 ranking means nine schools dropped out of the FT Global MBA ranking, including Arizona State, previously ranked 62, Michigan State, previously 65th, and Boston College, which was #67.

Most UK schools fell in the ranking, as did their average salary, reflecting uncertainty about Brexit in the last two or three years. Cranfield, 76th last year, has dramatically shifted its MBA business model in recent years and is perhaps the largest UK on-campus provider with its Apprenticeship MBA for the domestic market. Lancaster, #91 last year, has left the ranking, reflecting the last three years' cautious hiring market for UK MBAs. I expect this will turn around for the current class, and certainly I see hiring picking up.

Fordham, Incae, Grenoble and Willian & Mary also left the top 100.

Three of the nine new entrants are in Greater China, including Renmin and SUFE, both of which entered the top 50. Edhec returned to the ranking, after a year away in 2019, reflecting the programme's small size which can prevent the response volumes needed for the FT ranking. It remains in the top 30 for value for money, international mobility and international course experience. The percentage employed at three months has risen from 78% to 92%.
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tgfjp

Among UK schools, AMBS and Cass have improved their rankings by 14 places each - the only two UK schools to improve their ranking in the FT 2020 ranking. If someone has any insight on this (specifically AMBS), please share.

Also, I guess wide variations in rankings YoY such as Arizona State dropping out of the rankings entirely from 62nd last year, IE's overall rank falling by 21 places, careers service ranking changing -34 for Brigham Young, +27 for Durham, etc. indicate that these rankings must be taken with a pinch of salt.

Among UK schools, AMBS and Cass have improved their rankings by 14 places each - the only two UK schools to improve their ranking in the FT 2020 ranking. If someone has any insight on this (specifically AMBS), please share.

Also, I guess wide variations in rankings YoY such as Arizona State dropping out of the rankings entirely from 62nd last year, IE's overall rank falling by 21 places, careers service ranking changing -34 for Brigham Young, +27 for Durham, etc. indicate that these rankings must be taken with a pinch of salt.
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Duncan

Considering how closely the schools are groups together, I think you can take the data seriously but you have to put them into perspective. BYU placement could be affected by the needs of the LDS. Durham certainly has made a huge investment in careers services in recent years.

With AMBS, they have made big progress on the diversity elements which are more under the schools control.

Considering how closely the schools are groups together, I think you can take the data seriously but you have to put them into perspective. BYU placement could be affected by the needs of the LDS. Durham certainly has made a huge investment in careers services in recent years.

With AMBS, they have made big progress on the diversity elements which are more under the schools control.
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confusedco...

These rankings have to be taken with a pinch of salt. The msc finance rankings seem like a joke. Skema or Essec over MIT and Said lol.

These rankings have to be taken with a pinch of salt. The msc finance rankings seem like a joke. Skema or Essec over MIT and Said lol.
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Duncan

The data are audited by KPMG.

The data are audited by KPMG.
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Larry

These rankings have to be taken with a pinch of salt. The msc finance rankings seem like a joke. Skema or Essec over MIT and Said lol.

These rankings are very reputable and I'm confident that the data the base the rankings on are pretty accurate. You have to remember that an MSc in Finance is not the same as an MBA.

Some of the specifics you pointed out might be due to purchasing parity power issues involved with the salary calculations (with Skema in particular...) but in general the Skema and Essec programs do show stronger salary increases than the MIT or Said programs... which means to some extent it does depend on the kinds of candidates that each of these programs recruit...

[quote]These rankings have to be taken with a pinch of salt. The msc finance rankings seem like a joke. Skema or Essec over MIT and Said lol. [/quote]
These rankings are very reputable and I'm confident that the data the base the rankings on are pretty accurate. You have to remember that an MSc in Finance is not the same as an MBA.

Some of the specifics you pointed out might be due to purchasing parity power issues involved with the salary calculations (with Skema in particular...) but in general the Skema and Essec programs do show stronger salary increases than the MIT or Said programs... which means to some extent it does depend on the kinds of candidates that each of these programs recruit...
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K.Japan

What happened to IE?

What happened to IE?
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Duncan

Note the red triangles http://rankings.ft.com/businessschoolrankings/ie-business-school/global-mba-ranking-2020#global-mba-ranking-2020

Note the red triangles http://rankings.ft.com/businessschoolrankings/ie-business-school/global-mba-ranking-2020#global-mba-ranking-2020
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mba hipste...

What happened to IE?

Declining salaries, declining salary increases. The drop is even more striking when you consider the school was ranked in the top 10 in 2017.

[quote]What happened to IE?[/quote]
Declining salaries, declining salary increases. The drop is even more striking when you consider the school was ranked in the top 10 in 2017.
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Duncan

I suspect a very big fall, out of line with peer schools, is also about the end of a period of gaming the ranking methodology. Lancaster seems like a good example too.

[Edited by Duncan on Feb 09, 2020]

I suspect a very big fall, out of line with peer schools, is also about the end of a period of gaming the ranking methodology. Lancaster seems like a good example too.
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hi Mr Duncan, i see cranfield rankings are going down for the last 3 years and this year it is out.
Any idea why this happening? also you mentioned that "cranfield has dramatically shifted its MBA business model in recent years and is perhaps the largest UK on-campus provider with its Apprenticeship MBA for the domestic market"--can you please elaborate on this?

Thanks.

hi Mr Duncan, i see cranfield rankings are going down for the last 3 years and this year it is out.
Any idea why this happening? also you mentioned that "cranfield has dramatically shifted its MBA business model in recent years and is perhaps the largest UK on-campus provider with its Apprenticeship MBA for the domestic market"--can you please elaborate on this?

Thanks.
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duke1234

hi Mr Duncan, i see cranfield rankings are going down for the last 3 years and this year it is out.
Any idea why this happening? also you mentioned that "cranfield has dramatically shifted its MBA business model in recent years and is perhaps the largest UK on-campus provider with its Apprenticeship MBA for the domestic market"--can you please elaborate on this?

Thanks.

It's just not a good school. Every person I talked to couldn't transition to the UK as the reputation of the school in Europe is just below average. Many people havent heard of the school. The average salary for international students was just 30000 in 2019.

[Edited by duke1234 on Feb 06, 2020]

[quote]hi Mr Duncan, i see cranfield rankings are going down for the last 3 years and this year it is out.
Any idea why this happening? also you mentioned that "cranfield has dramatically shifted its MBA business model in recent years and is perhaps the largest UK on-campus provider with its Apprenticeship MBA for the domestic market"--can you please elaborate on this?

Thanks.[/quote]
It's just not a good school. Every person I talked to couldn't transition to the UK as the reputation of the school in Europe is just below average. Many people havent heard of the school. The average salary for international students was just 30000 in 2019.
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Chi Wang

I suspect a very big fall, out of line with peer firms, is also about the end of a period of gaming the ranking methodology. Lancaster seems like a good example too.

what do you think of IC's big fall.......

[quote]I suspect a very big fall, out of line with peer firms, is also about the end of a period of gaming the ranking methodology. Lancaster seems like a good example too. [/quote]
what do you think of IC's big fall.......
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Duncan

Because the schools are so very tightly clustered together, it's actually not a very big fall. Consider these data:-
Rank in 2020 55
Rank in 2019 39
Rank in 2018 51
3 year average rank 48

Many of these changes can be explained by the way the FT ranking is influenced by macro changes, such as the falling value of the pound (which changes PPP salary) and the increase in UK work visa fees (which slows students' entry into employment), which are now among the highest in Europe. Cranfield is certainly a good example of that. As the Which MBA data show, in other ways it is going well: https://www.cranfield.ac.uk/press/news-2019/cranfield-mba-ranked-number-one-in-the-uk-for-increase-in-salary

[Edited by Duncan on Feb 09, 2020]

Because the schools are so very tightly clustered together, it's actually not a very big fall. Consider these data:-
Rank in 2020 55
Rank in 2019 39
Rank in 2018 51
3 year average rank 48

Many of these changes can be explained by the way the FT ranking is influenced by macro changes, such as the falling value of the pound (which changes PPP salary) and the increase in UK work visa fees (which slows students' entry into employment), which are now among the highest in Europe. Cranfield is certainly a good example of that. As the Which MBA data show, in other ways it is going well: https://www.cranfield.ac.uk/press/news-2019/cranfield-mba-ranked-number-one-in-the-uk-for-increase-in-salary
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Duncan

you mentioned that "Cranfield has dramatically shifted its MBA business model in recent years and is perhaps the largest UK on-campus provider with its Apprenticeship MBA for the domestic market"--can you please elaborate on this?


There is less demand, all over the world, for full-time MBAs. Cranfield has become the UK's largest on-campus, part-time, MBA provider through a new MBA format, the Apprenticeship MBA. So, the full-time MBA is relatively less important for Cranfield and almost every other UK business school. https://www.cranfield.ac.uk/som/cranfield-mba-programmes/executive-mba

[quote] you mentioned that "Cranfield has dramatically shifted its MBA business model in recent years and is perhaps the largest UK on-campus provider with its Apprenticeship MBA for the domestic market"--can you please elaborate on this?[/quote]

There is less demand, all over the world, for full-time MBAs. Cranfield has become the UK's largest on-campus, part-time, MBA provider through a new MBA format, the Apprenticeship MBA. So, the full-time MBA is relatively less important for Cranfield and almost every other UK business school. https://www.cranfield.ac.uk/som/cranfield-mba-programmes/executive-mba

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laurie

It will be interesting to see how things shift after Brexit. I think a lot of the volatility in the UK rankings are due to a sense of unease around Brexit. Now that it's actually happened we can finally see where things settle... In a couple of years, of course!

It will be interesting to see how things shift after Brexit. I think a lot of the volatility in the UK rankings are due to a sense of unease around Brexit. Now that it's actually happened we can finally see where things settle... In a couple of years, of course!
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UttarPr00

Lancaster, #91 last year, has left the ranking, reflecting the last three years' cautious hiring market for UK MBAs. I expect this will turn around for the current class, and certainly I see hiring picking up.

I like this optimism! I am considering doing the MBA at Lancaster.

[quote]Lancaster, #91 last year, has left the ranking, reflecting the last three years' cautious hiring market for UK MBAs. I expect this will turn around for the current class, and certainly I see hiring picking up. [/quote]
I like this optimism! I am considering doing the MBA at Lancaster.
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mba hipste...

Schools like Lancaster could start becoming more interesting in the coming years, as Brexit shifts things around.

However, its drop-off this year represents a long slide, both in terms of overall ranking and salaries. From 2016 to 2019, it fell in the FT ranking from 35 to 91. I presume that's due to its reliance on recruiting students from places like India - many of these students of course return to their home country after graduation and receive lower salaries on average than those who stayed in the UK.

Schools like Lancaster could start becoming more interesting in the coming years, as Brexit shifts things around.

However, its drop-off this year represents a long slide, both in terms of overall ranking and salaries. From 2016 to 2019, it fell in the FT ranking from 35 to 91. I presume that's due to its reliance on recruiting students from places like India - many of these students of course return to their home country after graduation and receive lower salaries on average than those who stayed in the UK.
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