QS Global 200 Business Schools Report 2012 By Nunzio Quacquarelli MA Cambridge, MBA Wharton 2 Contents 1. Summary: fast facts ...................................................................5 2. Introduction ................................................................................ 7 3. Methodology ..............................................................................9 4. Methodology: sample .............................................................. 11 REGIONAL RATINGS 5. North America ......................................................................... 12 3 6. Europe ....................................................................................... 16 7. Asia-Pacific ...............................................................................19 8. Latin America ........................................................................... 23 9. Middle East and Africa ...........................................................25 SPECIALIZATION RATINGS 8. Corporate social responsibility .............................................. 26 9. Entrepreneurship ..................................................................... 29 10. Finance ...................................................................................... 32 11. Information management ....................................................... 35 12. Innovation ................................................................................ 38 13. International management ..................................................... 41 14. Leadership ................................................................................ 44 15. Marketing ................................................................................. 47 16. Operations management ......................................................... 50 17. Strategy ..................................................................................... 52 18. Conclusion ................................................................................ 54 19. Appendix: participating recruiters ........................................ 58 The new edition of the QS Global 200 Business Schools Report will be available in fall 2012 About the contributors report must be credited to: QS Global 200 Author: Nunzio Quacquarelli is founder and Business School Report with a live link to: Managing Director of QS Quacquarelli Symonds www.topmba.com/global-200-12 Ltd, publisher of the leading MBA information hub TopMBA.com and organizers of the QS World Point of contact: MBA Tour. Nunzio has an MA from the University Simona Bizzozero, Head of Public Relations of Cambridge and an MBA from The Wharton at QS. She and is available to provide further School and has been responsible for publication of information and to put the media in touch the QS TopMBA.com Jobs & Salary Trends Report with the QS experts for commentaries or since 1990 interviews. Analyst: Susan Gatuguta Gitau is a research Email: [email protected] analyst and member of the QS Intelligence Unit. Tel: +44 (20) 7284 7248, 4 Business education journalist: Kin Ly +44 (0) 7880 620 856, QS Quacquarelli Symonds Ltd Note to journalists 1 Tranley Mews Fleet Road, The content of this report is protected by London NW3 2DG copyright.** Should you wish to reproduce United Kingdom any of the tables present within this report, kindly get in touch with our PR department. www.TopMBA.com Each table and graph used outside of this Other research by QS QS TopMBA.com Applicant Survey 2011 The QS TopMBA.com Applicant Survey 2011 is the largest survey of the mindset and aspirations of MBA applicants ever conducted. The results provide detailed insight into the status, attitudes, goals and ambitions of MBA applicants worldwide and how they and the employment and education markets for young professionals are changing. This survey allows valuable insight into the changing trends of worldwide MBA applicants. New edition out June 2012 QS TopMBA.com Jobs and Salary Trends Report The QS TopMBA.com Jobs and Salary Trends Report reveals upcoming MBA recruitment levels and salaries reported by MBA employers around the world. The leading report contains unparalleled data and expert analysis on which industries will pay, and hire the most MBA graduates and alumni in the coming years. New edition out fall 2012 1. Summary: fast facts Regional ratings in the QS Global 200 Business region, although it is continually being Schools Report 2012 challenged. This year, 11 of the 36 Asia- Pacific business schools are based in North America Australia. US business schools continue their s s Heightened demand in India and China has dominance with rare movement among thrusted top performing business schools the top rated business schools, signifying into international employer’s spotlights 5 a very developed market which is difficult as the two country’s economic importance for growing institutions to penetrate at a continues to develop. high level. s Many of Asia’s business schools lack in s Movement lower down the largest regional international student enrollment, causing rating in the QS Global 200 Business concern among employers looking for Schools Report points toward an extremely graduates to work in a multinational competitive range of management environment. Exceptions include business education offerings, consistently striving schools in Hong Kong and Singapore, plus for perfection. Australia if looking at the wider Asia- Page 12 Pacific region. Page 19 Europe s A large number of European business Latin America schools situated in the top cluster testifies s MBA employers in the region continue to to the quality of European business schools, look toward North American and European challenging the traditional dominance of MBA graduates to hire their management business schools in the US. staff, while local companies tend to hire s Though the UK remains the largest within their own country. Therefore, just contributor of business schools in the 10 business schools appear in the QS European rating, Spanish and French Global 200 Business Schools Report’s Latin business schools are also prominent, American rating. reflecting global MBA applicant s Compared to last year’s Latin American preferences. regional rating, there have been big s Eight new entrants to the European changes, signifying the ever evolving business school rating suggest the region nature of management education in a is still evolving in terms of employer region that is still developing its MBA recognition of management education. offerings. Page 16 s Large and increasingly globally important economies are strong in terms of employer Asia-Pacific opinion of business schools in the region, s Rapid improvement in the quality of the translating into possible future regional region’s MBA programs has translated management education hubs in Chile and into 26 business schools entering the Brazil. report since 2004, impressing international Page 23 employers with their graduates. Australia continues its dominance in this s Summary: fast facts Middle East and Africa s MBA program curricula have changed as s While the Africa and Middle East region is a result of the ongoing global economic in the very early stages of its development issues, resulting in employers valuing of management education, shown by few recent and future MBA graduates more so schools appearing in the QS Global 200 than ever. Graduates from schools located Business Schools Report, investment in the in or near global financial capitals appeal 6 sector coupled with huge political changes particularly to employers. in the region show great promise for new Page 32 and existing business schools to grow in s Heightened demand from employers international prominence. looking for MBA graduates with a specific Page 25 knowledge in information management has developed considerably as a result Specialization ratings in the QS Global 200 of technological innovation. Schools in Business Schools Report 2012 certain regions in North America are on employer’s radars more so than most. s Business schools around the world are Page 35 placing greater importance in the teaching s Huge class diversity in many of Europe’s of corporate social responsibility, partly as a business schools see the continent’s result of the huge economic developments institutions perform particularly well in in recent years. This is not only in North terms of MBA employer opinion. North America and Europe, but developing American schools also see good results, management education destinations in while Asian business schools suffer from Asia-Pacific. difficulties in attracting international Page 26 applicants. s A diverse range of nations represented Page 41 in the QS Global 200 Business Schools s Due to the economic woes in Europe Report’s entrepreneurial rating signifies and North America, MBA employers are the importance placed by both businesses looking to graduates versed in leadership and governments on future entrepreneurial in order to steer them away from possible talent emerging from MBA programs. future difficulties. Currently, business Page 29 schools in the US, UK, and other European destinations are among the most respected by employers. 2. Introduction The QS Global 200 Business Schools Report originated *MBA specialization refers to a business school’s perceived area of in the early 1990s as an alternative to business school expertise among MBA employers. Throughout the report the above rankings. The ratings provide a detailed overview 10 areas of expertise are referred to