Shanghai's CEIBS makes Top 10 ranking for MBA Programs


CEIBS.jpg Congratulations, Shanghai! CEIBS (the China-Europe International Business School), located in Pudong, just became the first MBA program in Asia ever to make the Financial Times' Top 10 list of business schools. It climbed to 8th place, from 11th place last year, and beat out both MIT Sloan and NYU Stern. According to the FT's statistics, 92% of CEIBS graduates get employed three months after graduation, and their salaries increased the fastest - by 179% three years after graduation. Topping the top ten was The Wharton School of the University of Pennsylvania and the London Business School.

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I can tell you with 100% certitude that these rankings are 100% bullshit.

Read the methodology. The majority (40%) of the rankings scores are based simply upon salary upon graduation and increase in salary. These are also ranked in terms of PPP, which means that those salary figures listed are not talking about real money. Also, many of the students may begin from a very low income bracket, and thus increasing their salaries (if only in terms of PPP) is not very difficult. Additionally, the definition of "international" is very much in question and why "international" schools should get points just for being "international" doesn't make a lot of sense.

I assure you that these rankings have nothing to do with the quality of education at these institutions, but many of the students see these score as reflecting just that and the schools gain a false sense of legitimacy and academic credibility. Generally, these rankings aren't very meaningful, so don't try to extrapolate too much from them.

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