Financial Times EMBA Ranking 2023 | Results and Analysis
The Financial Times Executive MBA (EMBA) Rankings 2023 highlights the world’s leading executive MBA programs. Let’s delve into the key features, trends, and performance metrics of the top ten EMBA institutions.
In this article, we’re going to take a closer look at the FT EMBA Ranking 2023 and how it is compiled. If you would prefer to read our analysis of the 2023 list and how to use it to find your ideal EMBA, you’ll find them in the final two sections of the article.
What is the Financial Times EMBA Ranking 2023?
The Financial Times EMBA Ranking is an annual list of the top executive MBA programs in the world. It is one of the most respected and prestigious executive MBA rankings out there.
Business schools must request to join the ranking, and each program must meet the following criteria:
Be accredited by either the AACSB or EQUIS.
Be cohort-based, which means the students enrolled have to start and finish their studies together.
Be at least four years old.
Take no longer than three years.
Have at least 30 graduates each year.
No more than 20% of the cohort can come from the same company.
Have at least 20 full-time faculty.
This year 125 schools participated in the ranking.
How is the ranking compiled?
The Financial Times collects the data used for the ranking through one survey sent to alumni (50% of the ranking), one survey sent to business schools (40%), and an analysis of faculty research (10%), known as the FT research rank.
Participation also depends on a sufficient response rate from alumni surveys conducted in English, with a minimum of 20% response rate being crucial.
Alumni Feedback
Alumni feedback accounts for 50% of the 2023 Financial Times Executive MBA ranking. It encompasses post-graduation salary increases, career advancement, pre-EMBA work experience, and fulfilling personal and professional goals. This feedback provides a holistic view of the program’s impact on alumni careers and personal development.
Business School Data
Comprising 40% of the EMBA ranking, business school data includes ESG teachings, gender and international diversity, and faculty research in academic journals. This assessment highlights each school’s dedication to responsible business practices, inclusivity, and academic rigor.
Additional Metrics
The remaining 10% of the ranking is the FT research rank based on the number of faculty publications.
Key Insights from the FT EMBA Ranking 2023
The FT EMBA ranking 2023 presents intriguing insights into executive education. Topping the list for the twelfth time are Kellogg Business School and HKUST. The program from top schools in the USA and Hong Kong is renowned for high alumni salaries and maintaining a stellar overall satisfaction score of 9.64 despite a dip in career progression ranking.
CEIBS impressively retains its second place, celebrated for an average 88% salary increase among graduates and solid global network opportunities. However, overall salaries dropped below pre-pandemic levels.
ESCP Business School ranked third. They lead in international course experience, with a significant portion of its programs conducted overseas, offering students a diverse learning environment. Notably, this program stands out for the extensive work experience of its alumni before joining the EMBA.
Oxford’s Saïd Business School ranked fifth in the FT EMBA rankings 2023. We last saw them in the top ten in 2019. Although from 2018 to 2022, Oxford Saïd consistently ranked within the top 20. With an impressive average 90% salary increase and by facilitating strong leadership connections, the school made a comeback.
IE Business School, ranked 6th, weaves ESG and sustainability principles throughout its curriculum, showcasing a strong commitment to integrating ethics into education.
Additionally, the two institutions closing the top ten with a tie highlight the trend towards internationalization and gender balance in EMBA programs. IESE boasts a highly international cohort, and Yale achieved a 50:50 gender balance. However, Yale will need to work hard to stay in the top ten because the class of 2025 has a gender ratio of 44% female to 56% male.
To make a decision, evaluate which metrics are most valuable to you, personally and with your academic journey.
Using the 2023 FT EMBA Ranking to Find the Best Program
The 2023 FT EMBA Ranking is a tool for prospective students seeking top executive education. To leverage this ranking effectively, align your personal and professional goals with the unique strengths of each program.
For instance, if a significant salary increase post-graduation is a priority, an EMBA at Kellogg/HKUST or HKU Business School is ideal. For those valuing international exposure and diverse learning environments, ESCP Business School and IESE Business School are apt choices.
Additionally, the ranking’s focus on environmental, social, and governance (ESG) issues shows IE Business School’s leadership in this area. The notable gender balance and diversity at Yale School of Management may appeal to those seeking inclusive learning communities.
When using the FT EMBA ranking, look beyond just the numerical position of an institution. Delve into the specific criteria where schools excel, such as career progression, alumni satisfaction, and research output, to find a program that matches your aspired career trajectory. This approach will help you identify the best EMBA program to take your career to new heights.
Kimberley Vrij is an editor, writer, and marketing professional with a BA in Communications from VU University and a BA in ESL from the Amsterdam University of Applied Sciences. She has also studied Arabic language and culture at UVA. As a freelancer, she blends her linguistic expertise and marketing knowledge to create captivating stories. With a deep passion for travel, literature, and crafting social media content, Kim infuses her work with unique experiences and her love for communication.