East Asian business schools have strengthened their position as the world’s leading executive MBA providers in the 2022 FT EMBA Rankings, despite the pandemic and political disruption.
Three region-based programs took the top spots: in order, Kellogg-HKUST in Hong Kong, Ceibs in Shanghai and the Tsinghua-Insead EMBA covering China and Singapore. Two are run with international partners, while Ceibs has common European governance and frequently uses visiting professors.
Four other schools in the top tier of 11 have bases in Hong Kong, China, or Singapore: Chicago Booth, Washington University: Olin, Trium’s New York University, and UCLA Anderson with the National University of Singapore.
The ranking highlights the continued strong performance of schools in the region with global partnerships, and the success of their graduates alongside those pursuing EMBA programs in Europe and North America.
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However, there is uncertainty about the provision of business education to international students in East Asia, amid the coronavirus lockdown and continued restrictions on movement, as well as growing geopolitical and trade tensions. There are similar questions surrounding school EMBAs in Russia, isolated by its war on Ukraine.
The 2022 ranking comes at a time when the demands of students and teachers are changing, both in terms of course content and the way they are taught. The FT methodology is based on data provided by business schools and their graduates three years after the end of their course.
The ranking takes into account factors such as salaries, career service ratings, goals achieved and quality of academic research, as well as the gender balance and international diversity of students and faculty.
Professor Ding Yuan, Dean of Ceibs, which was founded by the Chinese government and the European Union, said while demand for his Chinese-language EMBA remained high among domestic students, he temporarily stopped marketing the degree. worldwide with international applicants, given the quarantines. and visa restrictions.
“It’s very complicated for people to travel,” he says. “Chinese demand is very strong, but it is only just beginning to open up to student visas for international students. It is already too late for this year and for next year we are not yet clear.
Professor Kai Lung Hui is Academic Director of the premier Kellogg-HKUST EMBA program, which teaches several of its students remotely, including in Singapore and the United States. “Classes are running as usual and we are still giving students the greatest possible interaction they could have, given the Covid restrictions,” he says.
He notes that there is a growing demand among students for courses that offer sustainability and technology topics, including blockchain, digital contracts, business analytics and fintech.
Prof Kai Lung Hui: “Classes are running as usual and we always give students as much interaction as possible. . . given the restrictions of Covid’
More broadly, business schools are exploring ways to maintain the online formats adopted during the pandemic alongside a return to in-person teaching. The Wharton School at the University of Pennsylvania launched one of the first global coeducational EMBAs among the leading schools this year, at the same price as its in-person courses, but with around three-quarters offered remotely, mixed in with periods at Philadelphia, San Francisco and other locations.
“We were imposing one size fits all, but clearly there are people who have different preferences, different types of jobs and different family situations,” says Brian Bushee, senior associate dean for teaching and learning at Warton. “We want to tap into those business people who would likely never consider an EMBA in person due to travel commitments.”
The most recent annual global survey of business education courses by the Graduate Management Admissions Council, which administers the admissions test, showed late last year that only a third of schools reported an increase the number of candidates.
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The top two schools in the FT rankings also reported the highest alumni salaries, led by Kellogg-HKUST at $584,197, adjusted for international purchasing power parity. The Yale School of Management in the United States topped the achievement ratings, followed by the Iese Business School in Spain and the University of St. Gallen in Switzerland.
Schools achieving gender parity among faculty were IE Business School, Koç University Graduate School of Business, IBS-Moscow Ranepa and St Petersburg University Graduate School of Management. The only school to achieve gender parity is the St Petersburg Graduate School of Management, closely followed by the University of Maryland: Smith (52% women), the French schools Kedge (51) and Rennes (48), plus University of Washington: Foster (48).
The top EMBA provider for research, based on a ranking of recent publications in major academic journals, was University of Pennsylvania: Wharton, followed by University of Chicago: Booth, MIT: Sloan, Insead, and Northwestern University: Kellogg.
Among those that emphasize environmental, social and governance factors in their curriculum, Iese Business School comes first, followed by IE Business School, TBS Education, EMLyon Business School and ESCP Business School.
Of the 85 business schools offering EMBAs that were ranked this year and last, the average salary was $213,000 in 2021 and increased only modestly to $214,000 in 2022. Total enrollment rose slightly to 7,737 this year, with women making up just over a third. of the total and international students just over two-fifths.
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