HEC Paris, Insead and Essec were all in the top tier of the first eight institutions evaluated in the ranking of 95 institutions. Seven others, led by Edhec, ESCP and EMLyon, obtained places in the second group of schools classified from ninth to 46th.
A business school from each of the five other European countries completed the first place in the ranking: London Business School in the United Kingdom, Iese from Spain, SDA Bocconi from Italy, St. Gallen in Switzerland and ESMT Berlin in Germany.
British institutions were generally well represented, despite the Brexit disruption. Another 11 were placed in the second tier, led by Oxford: Said, Cambridge: Judge, Imperial and Warwick, reflecting their global appeal and the country’s continued attractiveness to future managers, leaders and entrepreneurs.
Ranking of the 95 best European business schools of 2021
Find out which are the best European business schools, according to the Financial Times. Also find out how the table was compiled.
The ranking comes at a time of great pressure on business schools in the wake of the pandemic, which has led to borders being closed, restricting in-person study and making some potential students and businesses hesitate to apply. Schools have been forced to adapt to online and blended learning, face increasing competition from alternative types of training, and face increasing pressure to cut fees as the pandemic continues.
“We have never been at such a strategic crossroads,” said Frank Bournois, dean of ESCP, based in Paris. “It is time for the cards to be reshuffled. These are exciting and sometimes scary times.
European schools dominate the world in offering Masters of Management (MiM) programs, which they pioneered and which are seen by some students as a cheaper alternative to MBAs originally created in America. North. Institutions on both continents face competition from new business schools in Asia as the rapidly growing economies, led by China, generate high demand among students.
Sign of a shift in demand, among European schools assessed by the FT in both 2020 and 2021, the average class size of MBA programs has fallen from 15 students in the past year to 112, while that among Executive MBAs, it dropped from six participants to 72. In contrast, MiM enrollments increased by an average of 26 students to reach 330.
The FT assessment is a ‘ranking ranking’ derived from the performance of European schools in the most recent individual rankings of global providers of MBA, EMBA and MiM, as well as for non-degree executive training courses. FT’s individual rankings take into account the results of graduates, including salaries and career progress, as well as factors such as the quality of research and the international and gender diversity of students, faculty and governing bodies. schools.
The European Assessment favors schools that perform well in all of the programs offered, but also adjusts the grades so that institutions may perform well overall even if they do not offer the full range of courses. Most of the data is based on FT rankings released in 2021, but the performance of executive training schools uses the 2020 results because this year’s assessment was put on hold during the pandemic.
Students in many parts of the world postponed their jobs and continued their education with a master’s degree in commerce. Meanwhile, some employees have decided to quit their jobs to return to study full-time or part-time as Covid-19 spread. However, many companies have reduced their training budgets and their support for executive training courses.
“A number of us in Europe had a large portfolio of executive education and were probably more dependent on it than some American business schools with very large endowments,” said Jean-François Manzoni, President of IMD in Swiss. “When others dropped out of executive training, we had to innovate. “
The ranking highlights the geographical distribution of the main business schools in Europe. Of the 95 schools ranked by the FT, 22 come from France, 19 from the UK and six from Germany, Europe’s largest economy.
Jörg Rocholl, president of ESMT Berlin, an independent private business school established with the support of German companies in 2002, said that historically the country’s public universities have been “too dominant” in higher education and lacking. flexibility to foster world-class institutions. , including major business schools.
Russia now has three business schools in the ranking, Turkey has two, and Poland, Hungary, the Czech Republic and Slovenia each have one.