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Trends in The Financial Times 2023 MBA Ranking

27 February, 2023
SA Team

Trends in The Financial Times 2023 MBA Ranking

The year 2023 marks the 25th anniversary of the Financial Times(FT) MBA ranking, featuring the Columbia Business School (CBS) as No. 1 for the first time ever and an updated methodology.

  • CBS got its long overdue recognition, attaining the first place. The class averaged a GMAT score of 729 and 5 years of work experience. The newest class is 51% international and 44% women. CBS’ rise to No. 1 follows the opening of a new modern campus in Manhattanville and a curriculum focused on climate change. The new facilities equipped with the latest technology has increased student–faculty interaction.
  • Cornell Johnson rose from 17th to 8th this year, beating Dartmouth Tuck, Northwestern Kellogg, MIT Sloan, and London Business School. Cornell Johnson scored highest in student-focused metrics, ranking 3rd in this aspect. Cornell also leads in a surprising category: alumni network. The FT’s Overall Satisfaction survey of MBA alumni ranked the school 2nd to Stanford, with a 9.94 score on a 10-point scale, after two years of 9.57 and 9.73 averages.
  • The 95th-ranked Australian School of Graduate Management (AGSM) has fallen 32 places. Northwestern Kellogg and Yale School of Management secure 9th and 10th place, respectively. London Business School, three-time FT winner, fell eight places to 16th.
  • IESE rose to 3rd, surpassing Harvard Business School, which gave the school its case study method. In the salary increase metric, which is weighted 16%, IESE moved from 124% to 144% in a year, ranking 15th.Alumni recommendation ranked 8th, while career progress, research, and value for money dropped only a few spots.
  • UC-Berkeley finished 7th, up seven spots from 14th last year. Berkeley Haas’ MBA program scored poorly in value for money (74th), sector diversity (62nd), alumni networking (35th), career services (39th), and international course experience (49th).
  • USC Marshall was 21st, nearly making FT’s 2023 Top 20. Ironically, USC Marshall scored highest in alumni network, academic research, career services, and carbon footprint
  • In the latest FT ranking, the top performers in salary increase were the Shanghai University of Finance (23rd) and Economics and the Indian School of Business (39th). Their graduates experienced a 207% and 205% pay bump from their pre-MBA days.
  • Five Indian Institutes of Management—Ahmedabad (51st), Bangalore (52nd), Calcutta (76th), Indore (89th), and Lucknow (90th)—ranked highest. Indore and Lucknow joined the FT ranking this year. The FT ranks the Indian School of Business 39th worldwide. Indian schools perform well in several Financial Times metrics.
  • Finally, the University of Massachusetts–Isenberg Amherst’s School debuted in this year’s FT ranking and placed 3rd in salary increase at 188%. Rochester’s Simon School was 4th (185%), Michigan State’s Broad College of Business was 6th(169%), and Northeastern University’s D’Amore–McKim School was 8th (161%).All but three of the lowest-paying 25 programs were based in Europe; their salaries rise 46%–92%. Presently, Asia and America are best places for boosting your existing pay.

FT 2023 Business School Ranking: Top 10 MBA Schools

NameLocation (primary campus)Weighted Salary


Alumni Network RankCarbon Footprint Rank
Columbia Business SchoolUS226,3591853
Iese Business SchoolSpain181,27086
Harvard Business SchoolUS235,0192614
Stanford Graduate School of BusinessUS248,669353
SDA Bocconi School of ManagementItaly192,815462
University of California at Berkeley: HaasUS213,321356
Cornell University: JohnsonUS193,293132
Northwestern University, Kellogg School of ManagementUS209,337953
Yale School of ManagementUS196,6592132

Note: Find all business school rankings by the Financial Times here.

Has theFT ratings made your reconsider your choices? Discuss the best program and place for your requirements with your IMS consultants. For profile review, submit your details here.

Author –

Dipti Pal

Head, Admission Consulting



Ilika M

Editor, Admission Consulting



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