FT Executive MBA Ranking 2021: methodology and key

This is the 21st edition of the FT’s annual ranking of the world’s major a hundred government MBA programmes for senior operating administrators.

Participation in the ranking is voluntary and at the company school’s ask for. EMBA programmes will have to meet up with particular requirements to be eligible. Very first the faculty will have to be accredited by both the US’s Association to Advance Collegiate Colleges of Organization or Europe’s Equis. The EMBA will have to be cohort-based mostly, with pupils enrolling and graduating collectively, and with at least 30 graduates every year.

A whole of 136 programmes took element in the 2021 ranking course of action, such as 14 joint programmes shipped by additional than one particular faculty. Two new educational institutions feature in our table — Moscow’s Skolkovo at fifty eight and Zhejiang at sixty five.

Data for the ranking are collected employing two on-line surveys, the initial finished by participating educational institutions and the next by alumni who finished programmes in 2018. For a faculty to be eligible for the rankings, at least 20 for each cent of its alumni will have to answer to the FT study, with a minimum amount of 20 responses. Because of to the Covid-19 disaster, this year, the FT viewed as educational institutions with a lessen reaction rate. About 4,770 alumni finished the study — an in general reaction rate of all-around forty seven for each cent.

Alumni responses advise five ranking requirements: wage nowadays, wage boost, job development, do the job working experience and aims realized. Collectively they account for fifty five for each cent of the ranking’s bodyweight. The initial two requirements about alumni salaries every count for 20 for each cent.

Salaries of non-gain and community sector staff, as well as total-time pupils, are taken off. Remaining salaries are transformed to US pounds employing the most recent acquiring electrical power parity (PPP) costs supplied by the Intercontinental Financial Fund. The highest and cheapest salaries are then taken off and the signify ordinary “current salary” is calculated for every faculty. Wage boost is calculated in accordance to the variance in ordinary wage ahead of the EMBA to three years right after completion. 50 percent of the ranking bodyweight is utilized to the complete boost and the other 50 percent to the percentage boost relative to pre-EMBA fork out.

When accessible, alumni requirements are knowledgeable by the earlier three surveys. Responses from the 2021 study carry fifty for each cent of the whole bodyweight and those from 2020 and 2019 every account for 25 for each cent. Excluding wage-similar requirements, if only two years of details are accessible, the weighting is split 60:forty if details are from 2021 and 2020, or 70:30 if from 2021 and 2019. For wage figures, the weighting is fifty:fifty for two years’ details, to keep away from inflation-similar distortions.

Facts supplied by the company educational institutions informs ten requirements that collectively account for 35 for each cent of the remaining ranking. The ESG category is based mostly on the proportion of main programs dedicated to environmental, social and governance problems. It carries a bodyweight of 3 for each cent.

The bodyweight of the faculty and pupil gender range is 4 for each cent every. For these gender range requirements, educational institutions with a fifty:fifty (male: female) composition acquire the highest rating.

The international range calculation is based mostly on the in general percentage of pupils and faculty from overseas as well as the distribute of these folks by citizenship based mostly on the Herfindahl index, a evaluate of concentration.

The remaining criterion, the FT investigation rank, accounts for ten for each cent of the ranking. It is calculated in accordance to the range of articles or blog posts published by schools’ total-time faculty in fifty internationally recognised educational and practitioner journals. The rank combines the complete range of publications from January 2018 and all-around May 2021 with the range of publications weighted relative to the faculty’s dimensions.

The FT rankings are relative. Colleges are ranked towards every other alternatively than towards set expectations. The FT calculates the Z-scores for every criterion. (Z-scores display how far a school’s details is from the signify and are unitless, so they make it possible for the ranking to be based mostly on very diverse requirements — wage, percentages and points.) These scores are then weighted as outlined in the ranking essential and extra collectively for a remaining rating.

Immediately after eradicating the educational institutions that did not meet up with the minimum amount reaction rate from their alumni, a initial model is calculated employing all remaining educational institutions. The faculty at the bottom is taken off and a next model is calculated. This action is repeated to locate the major a hundred.

Judith Pizer of Pizer-MacMillan acted as the FT’s databases marketing consultant.

The FT investigation rank was calculated employing Clarivate details masking fifty journals selected by FT from the Web of Science, an summary and quotation databases of investigation literature.

Weights for ranking requirements are revealed in brackets as a percentage.

Wage nowadays US$ (20): ordinary alumnus wage three years right after completion, US$ PPP equivalent.†

Wage boost (20): ordinary variance in alumni salaries concerning ahead of the EMBA and now. 50 percent of this determine is calculated in accordance to the complete wage boost, and 50 percent in accordance to the percentage boost relative to the pre-EMBA wage – the determine published in the table. †

Careers development (five): calculated in accordance to changes in the degree of seniority and the dimensions of business alumni do the job in now, compared to ahead of their EMBA.†

Get the job done working experience (five): a evaluate of the pre-EMBA working experience of alumni in accordance to the seniority of positions held, range of years in every posture, organisation dimensions and overseas do the job working experience.†

Aims realized (five): the extent to which alumni fulfilled their plans or causes for performing an EMBA.†

Female faculty (4): percentage of female faculty. ††

Female pupils (4): percentage of female pupils on the programme. ††

Females on board (one): percentage of female users of the advisory board. ††

Intercontinental faculty (five): calculated in accordance to the range of faculty by citizenship and the percentage whose citizenship differs from their spot of employment – the published determine.

Intercontinental pupils (five): the percentage of latest EMBA pupils whose citizenship differs from the spot in which they analyze, or where by the school’s main campus is found, as well as their range by citizenship.

Intercontinental board (two): percentage of the board whose citizenship differs from the spot in which the company faculty is situated.

Intercontinental system working experience (five): percentage of classroom instructing several hours that had been carried out outside the spot in which the company faculty is situated for the completing EMBA lessons from 2018 to 2021 if accessible. An ordinary calculation was taken from the 2021 study, if details had been accessible for necessary overseas instructing periods, as well as the earlier two years’ international system working experience details (from the 2020 and 2019 surveys). Digital encounters had been not bundled. Because of to journey limits induced by the pandemic, some educational institutions had been not able to provide new details for this category. If you are a prospective pupil, be sure to get hold of the faculty to check out if they are in a position to offer you lessons overseas. †

Extra languages (one): the range of languages necessary on graduation, excluding English. * Programme not fully accessible in English.

School with doctorates (five): percentage of total-time faculty with a doctoral diploma.

FT investigation rank (ten): calculated in accordance to the range of articles or blog posts published by a school’s latest total-time faculty users in fifty educational and practitioner journals concerning January 2018 and all-around May 2021. The rank combines the complete range of publications with the range weighted relative to the faculty’s dimensions.

Environmental, social and governance (ESG) rank (3): proportion of main programs dedicated to moral, social and environmental problems for the latest and new completing course. Because of to the pandemic, some educational institutions do not have a latest course, for that reason details was taken from their new completing course only.

Over-all satisfaction: ordinary analysis by alumni of the system, scored out of ten. Immediately after alumni answered various inquiries about their EMBA w
orking experience, they had been asked to rate their in general satisfaction, on a ten-level scale.

FT ranking tier: educational institutions are divided into 4 teams. Colleges at the major are in tier one particular and those at the stop are in tier 4.

† Includes details for the latest year and the one particular or two preceding years where by accessible.

†† For the three gender-similar requirements, educational institutions that have fifty:fifty (male:female) composition acquire the highest attainable rating.