MBA survey ranks INSEAD top outside US
Six of the top 10 international business schools are in Europe and four in Canada in the latest ranking, produced every two years.
Of the other European schools, IMD in Lausanne, Switzerland, steals 3rd place, one higher than in 2000.
London Business School has slipped from 2nd to 4th place, Rotterdam in the Netherlands falls from 6th to 7th place and IESE in Barcelona from 3rd to 8th place. HEC in Paris is now at 9th place.
This year's survey includes more schools than before, bringing the number of MBA programmes eligible for ranking to 88 overall, 18 of which are outside the US.
The magazine also takes a look at the top business schools in the US, finding that NorthWestern university's Kellogg School of Management walks away with the accolades this year.
Kellogg won rave reviews from students and recruiters alike for its 'go-to-any-lengths' culture and focus on the total MBA experience, says the magazine.
Wharton Business School at the University of Pennsylvania, slipped from its top position, held since 1994, to 5th place.
Harvard Business School held onto its ranking in 3rd place, while Stanford University graduate school of business was in 4th place, up from 11th two years ago.
Business Week says that while 80% of 2002 graduates from the top 30 US schools had been hired by the end of the summer, 'compensation took a big knock compared to the year 2000.'
'Graduate-reported median pay packages for the top 30, which includes salary, signing bonus and other compensation, fell to an average $110,970 from $126,930 just two years before. That is a 12.6% drop that put 2002 MBA salaries in line with 1998 graduates,' says Business Week.
