Connect with us

News

Wharton regains status as best business school for MBAs, according to FT ranking

Published

on

Wharton regains status as best business school for MBAs, according to FT ranking

Unlock the Editor’s Digest for free

Wharton has regained its position as the world’s leading provider of MBAs in 2024, according to the latest FT ranking of the top 100 global business schools.

The US school, based at the University of Pennsylvania, topped the assessment, which takes into account measures including value for money, alumni study aims achieved, gender and international diversity, the quality of academic research and school environmental policies, as well as salary and increases in pay. Schools’ participation is voluntary.

Wharton was followed by Insead in France, in second place, then Columbia in New York, SDA Bocconi in Milan and Iese in Barcelona.

Advertisement

MBA alumni are finding times tougher after graduation. In line with recent job cutbacks, including in banking and technology at a time of broader uncertainty in the global economy, graduate employment within three months of MBA completion across the ranked schools dipped to an average of 89 per cent, compared with 93 per cent the previous year.

The ranking also follows a year in which demand for business degrees has stagnated. The latest survey by the Graduate Management Admission Council in 2023 shows a drop of 5 per cent in applications for MBAs and a shift away from the full-time, in-person course and towards more flexible, part-time and online alternatives.

Global MBA Ranking 2024

Read the ranking and report, plus how we compiled our league table. Spotlight on the MBA webinar, February 21: businesseducation.live.ft.com.

The Wharton School, led by Dean Erika James, is ranked top in the research category, measured by recent faculty publications in leading academic and practitioner journals, followed by the University of Chicago: Booth, Harvard Business School and Columbia Business School.

Wharton’s alumni reported the third-highest average weighted salaries at $245,772, adjusted for those working in different sectors and for international purchasing power parity, three years after completing their courses. Stanford alumni had the highest weighted income, at $250,650, with Harvard graduates just behind at $246,509, while those from Columbia averaged $232,760.

Advertisement

Just four of the top 20 business schools ranked by highest weighted alumni salaries were from outside the US, led by Insead, south of Paris. The others were Milan’s SDA Bocconi, Shanghai University of Finance and Economics and the Indian Institute of Management Ahmedabad.

Erika James, dean of the Wharton School
Erika James, dean of the top-ranked Wharton School

Stanford, in California, was ranked top for alumni assessments of aims achieved on their MBA, followed by Dartmouth College: Tuck in New Hampshire and the University of Virginia: Darden.

The University of Georgia: Terry is top for “value for money”, calculated by dividing the average alumni salary three years after completion by the MBA’s total cost, including tuition, forgone salary, opportunity cost and other expenses.

Four US schools were rated highest by former students for the quality of their alumni networks: Stanford first, followed by Dartmouth, Cornell in New York state and the University of Notre Dame: Mendoza in Indiana.

Georgia Institute of Technology: Scheller was judged top by former students for its career services, followed by UCLA Anderson School of Management, Shanghai’s Fudan University School of Management and then Peking University: Guanghua.

The highest salary increases — from when alumni began their MBA to three years after completing it — were reported at the Indian School of Business and two Chinese business schools: Fudan, followed by Shanghai University of Finance and Economics: College of Business.

Advertisement

The Indian Institute of Management in Ahmedabad is top for career progress — measured as an increase in responsibility in alumni’s role in employment and size of organisation — followed by Stanford and then Fudan.

SDA Bocconi School of Management is placed top for a public audit of carbon emissions in its operations and net zero emissions targets, followed by the University of Virginia: Darden, IE Business School in Madrid, Duke University: Fuqua in North Carolina, Esade Business School in Barcelona, and Rotterdam School of Management, Erasmus University.

MBA classes remain predominantly male, with an average of 41 per cent women across the 100 schools. Only Wharton, France’s ESCP and Audencia reported top-scoring parity between male and female MBA students, while 10 schools had more women than men.

The greatest diversity of employment by sector among students before starting their MBAs was at ESCP Business School in France, followed by Esade, Warwick Business School in the UK and then Brigham Young University: Marriott in Utah.

The Indian Institute of Management Calcutta is ranked top for the extent to which the most recent completing class carried out exchanges and internships of at least a month abroad, followed by HEC Paris, ESCP and then the Lisbon MBA Católica | Nova.

Advertisement

For insights into the ranking and business study, sign up for Spotlight on the MBA, a free online event on Wednesday February 21. The webinar is presented in partnership with leading business schools and will feature academics, admissions experts and FT journalists. businesseducation.live.ft.com

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

News

Team USA wins its first medal of the Paris Summer Olympics

Published

on

Team USA wins its first medal of the Paris Summer Olympics

The United States won its first medals at the Paris Olympic Games when Kassidy Cook and Sarah Bacon took silver in the synchronized 3m springboard final on Saturday. Cook (right) and Bacon pose after the competition at the Aquatics Center in Saint-Denis, north of Paris.

Sebastien Bozon/AFP via Getty Images


hide caption

toggle caption

Advertisement

Sebastien Bozon/AFP via Getty Images

NPR is in Paris for the 2024 Summer Olympics. For more of our coverage from the games head to our latest updates.

PARIS — Divers Sarah Bacon and Kassidy Cook have won the United States’ first medal of the Paris Olympics.

Bacon and Cook took home the silver in the 3-meter synchronized springboard competition, held at the Aquatics Center in Saint-Denis, north of Paris. This is the first time the U.S. has medaled in the event since 2012.

Advertisement

Chinese competitors Chang Yani and Chen Yiwen took the gold, followed by Bacon and Cook of the U.S. Scarlett Mew Jensen and Yasmin Harper of Great Britain won the bronze medal.

This is the first medal for both Bacon and Cook. Bacon is making her Olympic debut. Meanwhile, Cook competed in the 2016 Summer Olympics in Rio de Janeiro, where she came in 13th in the women’s 3-meter springboard.

It’s the first medal of what’s expected to be another record haul of medals for Team USA at a Summer Olympics.

Kassidy Cook and Sarah Bacon of the U.S. compete in the women's synchronized 3-meter springboard diving final at the Paris 2024 Olympic Games at the Aquatics Centre in Saint-Denis, north of Paris, on Saturday. They won silver, the first U.S. medal in the event since 2012.

Kassidy Cook and Sarah Bacon of the U.S. compete in the women’s synchronized 3-meter springboard diving final at the Paris 2024 Olympic Games at the Aquatics Centre in Saint-Denis, north of Paris, on Saturday. They won silver, the first U.S. medal in the event since 2012.

Sebastien Bozon/AFP via Getty Images


hide caption

Advertisement

toggle caption

Sebastien Bozon/AFP via Getty Images

Advertisement
Continue Reading

News

Paris Olympics lift off with extravagant opening ceremony

Published

on

Paris Olympics lift off with extravagant opening ceremony

The Paris Olympics kicked off with an extravagant opening ceremony on Friday night when an armada of boats carried 10,500 athletes along the Seine — the first outdoor version of the spectacle that was expected to be watched by a billion people.

Earlier, a shadow was cast over the event by an act of criminal sabotage that hit France’s high-speed rail network in the early hours of the morning causing nationwide transport chaos. Heavy rain then began to fall about 30 minutes into the three-hour show, a nightmare scenario for the planners of the theatrical performance that featured a massive cast of dancers, two orchestras and a clutch of pop stars, including Lady Gaga doing a cabaret-tinged song.

Before the ceremony, interior minister Gérald Darmanin said: “We are ready for this magnificent event,” adding that no specific threats had been detected. The railway sabotage would “not have direct consequence on the Olympics or the ceremony”. 

Lady Gaga performs the opening number on the riverbank © Sina Schuldt/dpa

By mid-afternoon long queues had formed for ticket holders to get into the highly secured perimeter along the Seine river where 320,000 spectators were expected along the medieval-era cobblestone quays. The format of the event required heavy security: 45,000 police were deployed on the ground and in the air, using helicopters, drones and snipers positioned on roofs. 

The weather also tested the dozens of experienced ship captains powering the parade, who navigated at precisely the right speed to keep the show on line. Some spectators fled the quays for cover as rain poured down.

Advertisement

President Emmanuel Macron hosted more than 100 heads of state at Trocadero plaza across the river from the Eiffel tower where the athletes disembarked for a final parade and a performance by francophone favourite Céline Dion. Jill Biden, wife of the US president, and other leaders attended a reception at the Elysée palace beforehand. 

Map showing the route of the boat parade along the Seine river for the opening ceremony of the Paris Olympics

The idea for such an ambitious opening was the brainchild of one man, Thierry Reboul, an event specialist known for punchy marketing stunts, but pulling it off it needed more than 15,000 performers, technicians and firework specialists.

The performance featured ballet dancers on the roof of the Louvre, while hundreds of modern dancers and breakdancers performed along the quays and on some of the boats. Performers were clad in handmade outfits stitched by French couturiers, and LVMH’s Louis Vuitton trunk suitcases were prominently displayed in a lengthy segment. Bernard Arnault’s LVMH was an Olympics sponsor.

Organisers had to scale back some elements, such as BMX riders set to do tricks on a ramp because rain made it too slippery.

Floriane Issert, wearing the Flag of the International Olympic Committee (IOC), is seen on a Metal Horse on the River Seine during the opening ceremony © Getty Images

When Reboul pitched the idea for the river ceremony to Tony Estanguet, head of the Paris organising committee, the two-time gold medal winner reacted with stupor that quickly became enthusiasm. “It will be ambitious, audacious and totally crazy,” said Estanguet, recalling the moment. 

Reboul said the idea came to him on a walk along the Seine, the snaking river whose banks were chosen by a Gallic tribe called the Parisii to found a settlement about two thousand years ago. He told himself: “It should be here, of course it should be here, and nowhere else.”

The organisers hired Thomas Jolly, a 42-year-old theatre director known for a musical called Starmania, who started imagining how to convey the spirit of France from literature and culture to history. “I’m used to designing performances on a stage, and this time the entire city was my canvas,” he told reporters earlier this week. 

Advertisement
Zinedine Zidane, former French football player and manager, hands the Olympic Torch to Spanish tennis player Rafael Nadal © Getty Images

Jolly hired a team he has long worked with — a musical director, choreographer and a costume designer, all renowned in their fields — and also included author Leila Slimani, scriptwriter Fanny Herrero, who created the show Call My Agent!, and others to help him write the 12 tableaux that make up the ceremony.

Before they started writing, they took long walks along the Seine for inspiration and researched the history of its bridges, such as the oldest, Pont Neuf, finished under King Henry IV in 1607, and the Pont d’Austerlitz, commissioned by Napoleon Bonaparte, from which the parade will begin.

“We drew on the past of each site and monuments: almost each stone tells something about our history of France, of the history of Paris, a history which is connected to the world,” he said. 

But Jolly and Estanguet did not want the theatrics to overshadow the athletes, instead putting them at the centre of it by giving them the best spots to view the show — the decks of the boats on the river. 

“The athletes are the heroes of the show,” said Estanguet.

Although officials remained vague about the price, French media reported that the ceremony cost about €120mn, roughly four times that of the opener of the London 2012 Games. The overall cost for the Paris Games, which was pitched as a greener edition because little new infrastructure was built, is expected to reach €9-10bn, according to the national auditor. About one-third of that will be paid for by sponsors.

Advertisement

Jolly’s show was filled with memorable, kitschy moments: a hooded figure leaping across the zinc roofs of Paris, drag queens dancing to electro, beheaded royals of the French revolution set against heavy metal music, and a silver horse with an armour-clad rider gliding down the Seine.

Céline Dion closes the show with Edith Piaf’s ‘Hymne à l’amour’ © POOL/Olympic Broadcasting Services/AFP via Getty Images

Cheers rose when France’s beloved footballer Zinedine Zidane passed the torch to tennis champion Rafel Nadal.

The spectacle climaxed with an elaborate light show beaming out from the Tour Eiffel before a final flame relay to the Louvre led to a hot air balloon ascending into the night sky bearing a fiery Olympic cauldron.

Framed by the Eiffel tower, Canadian singer Céline Dion, in her first performance in years because of illness and wearing a white, beaded dress featuring 500m of fringe custom made by Dior, belted out Edith Piaf’s Hymne à l’amour.

“I declare the Paris games open,” said Macron.

Additional reporting by Adrienne Klasa

Advertisement
Continue Reading

News

Sonya Massey killing: Black woman died from gunshot wound to head, confirms autopsy; attorney calls shooting 'senseless' – Times of India

Published

on

Sonya Massey killing: Black woman died from gunshot wound to head, confirms autopsy; attorney calls shooting 'senseless' – Times of India
An autopsy released on Friday confirmed that Sonya Massey, a 36-year-old Black woman who was fatally shot by a former sheriff’s deputy, died from a gunshot wound to the head. The full report, made public by Sangamon County Coroner Jim Allmon, supports earlier findings that her death was a homicide.
Civil rights attorney Ben Crump, representing Massey’s family, criticized the shooting as “senseless, unnecessary, and excessive.” Crump highlighted the physical disparity between Massey and the now-fired deputy, Sean Grayson, during a press conference.The autopsy revealed that Massey, who was 5-foot-4 and 112 pounds, was shot just beneath her left eye, with the bullet exiting her lower neck in a downward trajectory.
Grayson, who is white and stands 6-foot-3 and weighs 228 pounds, has pleaded not guilty to charges including first-degree murder and official misconduct. Fired from the Sangamon County Sheriff’s Office last week, he is currently being held without bond.
Crump used an enlarged autopsy diagram to emphasize the physical mismatch between Grayson and Massey, arguing that her position at the time of the shooting—stooped and apologizing—demonstrates the excessive nature of the force used. “When Sonya Massey was staring at the barrel of his gun, she stooped down, said, ‘Sorry, sir, Sorry,’ and the bullet was shot while she was in this stooped position,” Crump said.
Authorities reported that Massey had called 911 to report a suspected prowler. Two deputies responded to her Springfield home, located about 200 miles southwest of Chicago. Video footage confirmed that Grayson, aiming his 9mm pistol at Massey, threatened to shoot her in the face if she did not set down a pot of hot water. He fired three shots.
After the shooting, Grayson reportedly dismissed the need for medical assistance, stating, “She done. You can go get it, but that’s a head shot. There’s nothing you can do, man.” Despite his initial refusal, the second deputy attempted to provide aid until emergency medical professionals arrived.
Massey had a history of mental illness, and her family reported that she had recently entered and briefly exited a 30-day inpatient program in St. Louis. Her son, 17-year-old Malachi Hill Massey, mentioned that police had been called to their home the day before the shooting. Malachi indicated that his mother had sought medical help but returned home without explanation.

Continue Reading
Advertisement

Trending