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The share of employers paying for executive MBAs for senior executives has dropped to just over half, according to the agency. 2023 FT EMBA Ranking.joint Kellogg’s-HKUST program, headquartered in Hong Kong, and China Europe International Business School The Shanghai team maintains first and second place in the latest standings.
Typically studied by senior executives in senior positions, EMBAs have traditionally been seen as a way to enhance the skills of managers and help retain them. But over the past few years, the share of alumni who say they receive financial support from their employers has been steadily declining.
Since 2016, the share of EMBA alumni who say they receive full support has fallen from 29% to 23% in 2023; and those who receive partial support, from 34% to 29%; and those who receive no support, from 38% % rose to 48%.
“As companies cut costs or decide that EMBAs are not a retention tool, the days of fully funded students are increasingly Less. This means that student expectations for delivery excellence are very high due to the need for return on investment.”
Hanifee added that the Kellogg-HKUST curriculum was created 25 years ago and reflects the strong demand among students for “global thinking.” “Given what’s happening in the world today with the rise of nationalism, this is counterintuitive, but it’s more important.” (See Deglobalization and Degrees of Globalization.)
Financial Times executive MBA rankings
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Of the 100 EMBAs in the final ranking, nine are jointly offered by more than one school, some in two or more countries, with degrees offered in locations including the United States, continental Europe and China.
The top-ranked program is jointly run by Kellogg’s and the Hong Kong University of Science and Technology Business School. Alumni posted the highest salary scores three years after completing their degrees, at $652,326, adjusted for international purchasing power parity. Alumni of China Europe International Business School (China Europe International Business School, a joint venture owned by China Europe United Holdings) earned the second-highest average salary at $529,822.
Business schools can choose whether to accept the FT rankings, and eligibility must be approved by one or two of the leading accrediting bodies (AACSB or Equis), while their alumni must provide enough feedback to be statistically significant. (See Methodology.)
The ranking gives the highest weight to alumni salaries and raises, but also includes relative performance on a range of other factors. These include: gender and international diversity of students and faculty; academic research; and carbon emissions from school operations.
Employer financial support for male alumni has been consistently higher than for female alumni, with 53% and 50% respectively receiving full or partial funding this year. The overall decline in funding may partly reflect employers’ recognition that many EMBA enrollees seek to change organizations or careers, as well as broader efforts to cut expenses.
The most important reasons given by more than half of alumni for studying were management development, expanding their network and increasing their income. But about a quarter cited changing careers or employers as an important motivation, and only slightly fewer mentioned starting their own business.
Alumni of ranked schools gave their EMBA the highest overall ratings for the quality of teaching in the areas of business strategy, general management, finance and organizational behavior. They scored lowest for courses in FinTech, Law, IT and E-Commerce.
U.S. schools perform strongly in academic research assessments—measured by the number of articles teachers have written in leading journals over the past three years.Eight of the top 10 schools in this category are located in the United States, led by Chicago Booth School of Business and Wharton Business School from the University of Pennsylvania.Only outside the United States london business school and canadian rotman school of management The University of Toronto enters the top ten.
IE in Spain and Kochi University Business School Turkey’s EMBA School is the only two EMBA school with an equal ratio of full-time male and female teachers. Among the 100 ranked programs, female teachers account for an average of one-third of the total number of teachers.Female students account for an average of 35%, and only China Europe International Business School and Yale School of Management achieve equality. In-mold development departmentThe Swiss International Institute for Management Development has the highest proportion of teachers with foreign citizenship, reaching 98%.
SDA Bocconi School of Management In Italy, followed by BI Norwegian and Spain’s IE Business School are among the best for the carbon footprint (an assessment of carbon audits and net-zero emissions targets) across the school or its affiliated universities. IE Business School ranks among the top French business schools ESCP Business School The second is the extent to which they incorporate environmental, social and governance topics into their core curriculum.
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