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Latest research reveals the business schools employers prefer to recruit from
22 January 2009
QS Quacquarelli Symonds, the independent MBA experts and organisers of the QS World MBA Tour, publish the results of their 18th annual MBA employer survey - the “QS Global 200 Business Schools 2009: The Employers’ Choice” – on January 22 2009. This timely research demonstrates that MBA employers around the world are increasingly targeting a broader selection of regionally strong business schools from which to hire MBA graduates. This trend may be accelerated by the recessionary environment, even as overall MBA hiring numbers fall.
A record 604 employers from 42 countries around the world voted during 2008 for the business schools from which they prefer to recruit MBAs. 40% of employer respondents were based in North America, 30% in Western Europe, 17% in Asia-Pacific, 5% in Latin America, 8% in Eastern Europe and 1% in Africa and the Middle East.
QS regards employers and HR decision-makers worldwide to have among the most objective and informed opinions on the “best” business schools. HR decision-makers look beyond rankings and examine the facilities, the course content and the quality of students. The better the performance of MBA hires from particular schools, the more likely those schools will be voted for by employers and feature well in this research. Allegiance to particular schools is not gained or lost by one good or bad MBA hire, but by a sustained experience over several years.
The schools securing the most employer votes by region are: Harvard and Wharton in North America; INSEAD and London Business School in Europe; INSEAD Singapore and Melbourne Business School in the Asia-Pacific region; EGADE and IPADE in Latin America and America University in Cairo and Bar-Ilan University in Africa and Middle East.
This truly global piece of research identifies the most popular schools in each region of the world, because there are a growing number of employers seeking talented MBAs at a regional level. Traditional MBA employers remain committed to hiring from between 30 to 70 top-tier business schools, located in North America, Western Europe and Asia. However, “The pressures of globalisation mean that, beyond the traditional MBA employers, there are a growing number of regional MBA employers who may not have the budget to pay the salaries demanded by MBAs from elite schools. For MBAs who are proactive in their search and flexible in terms of salary expectations, this is expanding their range of opportunities, even in a time of recession,” says Ben Sowter, Research Director at QS.
The “QS Global 200 Business Schools 2009” consists of 72 schools in North America, 70 schools in Europe, 40 schools in Asia-Pacific, 12 schools in Latin America and 6 schools in Africa and the Middle East. No other piece of MBA research covers such a geographically diverse set of schools. In 1999, only 15 schools outside of North America and Europe featured in the research, compared to 13 schools from India and China alone, this year.
In the report, business schools are presented alphabetically in clusters, based on achieving similar numbers of employer votes. The top cluster of 33 business schools from the ‘QS Global 200 Business Schools Report’ in North America, Asia and Europe, each achieved an index of employer votes* of over 20%, whereas in Latin America and Middle East the 4 best performing schools ranged between 9%-11%.
The full report will be online on Thursday 29 January 2009 on www.topmba.com and made available to candidates registering to attend the QS World MBA Tour in North America, Europe, India and Asia in Spring/Summer 2009.
Tables: The top cluster of business schools in North America, Europe and Asia-Pacific achieving an index of employer votes of over 20% (in alphabetical order):
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| Region: North America |
| Two Year Average Employer Votes 2008/9 | Index of employer Votes 2009 | Students in class |
| Columbia Business School | USA | 105.5 | 61% | 721 |
| Fuqua School of Business, Duke University | USA | 63.5 | 37% | 410 |
| Haas School of Business, UC Berkeley | USA | 59.5 | 34% | 240 |
| Harvard Business School | USA | 165 | 96% | 900 |
| Kellogg School of Management, Northwestern University | USA | 106 | 61% | 514 |
| Kenan - Flagler Business School, University of North Carolina at Chapel Hill | USA | 37.5 | 22% | 279 |
| Massachusett Institute of Technology | USA | 67 | 39% | 746 |
| NYU Stern | USA | 57.5 | 33% | 415 |
| Ross School of Business, University of Michigan | USA | 62.5 | 36% | 427 |
| Stanford University Graduate School of Business | USA | 83 | 48% | 370 |
| Thunderbird, The Garvin School of International Management | USA | 42 | 24% | 548 |
| Tuck School of Business at Dartmouth | USA | 40.5 | 23% | 255 |
| UCLA Anderson School of Management | USA | 49 | 28% | 360 |
| University of Chicago, Booth School of Business | USA | 83 | 48% | 550 |
| University of Virginia's Darden School of Business | USA | 35.5 | 21% | 333 |
| Wharton, University of Pennsylvania | USA | 151.5 | 88% | 800 |
| Yale School of Management, Yale University | USA | 41 | 24% | 193 |
