Financial Times Publishes 2014 Global MBA Ranking

MBA applicants are spoilt for choice of business school in Massachusetts. See the top 10 MBA programs in Massachusetts here. 

Not long ago, an MBA degree was regarded by many people as a passport to a lucrative professional job in a field such as investment banking or strategy consulting. While many students still pursue these career paths, a growing portion of them are looking for purpose as well as profit in their jobs.  In fact, making a positive social or environmental impact has overtaken pay and other perks as the top reasons MBA students pursue their career, according to an often-cited survey by Bain & Company, which, ironically, is a consultancy firm.  Curriculum changes are underway as business schools respond to the corporate social responsibility (CSR) revolution. Schools have been criticized for their apparent role in the global financial crisis and for focusing too heavily on maximizing shareholder return. Today many top MBA programs include an impact-related module, such as impact investing or social entrepreneurship.  The career opportunities in this field have flourished. CSR was previously something many companies merely paid lip service to, but they are making “impact” a fundamental piece of their business plans. There are now 2,655 certified “B Corporations”, or firms that verify their high social and environmental performance, across 150 industries and 60 countries, including the ice cream maker Ben & Jerry’s and the social media company Hootsuite.  Picking the right program, however, is crucial. So we’ve ranked the best MBAs for social or environmental impact, below. 

Are two degrees better than one? A growing number of universities think so. They are increasingly offering dual JD/MBA programs, melding the flagship masters degrees in law and business administration.

European business schools are relatively new to the MBA game, with the degree first taking off in America, but they are ahead of their even newer peers in Asia. Demand for business masters degrees on the European continent has surged in recent years. See the Top 10 MBAs in Mainland Europe.