IESE Business School (University of Navarra) has once again come top of the list in business schools, according to the sixth Economist Intelligence Unit's 2007 ranking of full-time MBA programs.
Besides IESE, the only other non-U.S. business school in the Top 10 was Switzerland's IMD, in fifth place. According to the ranking, the top schools in this category are (1) Chicago Graduate School of Business (2) Stanford (3) IESE (4) Dartmouth and (5) IMD in Switzerland.
IESE was noted for the quality of its careers services. When sorted by category, IESE appeared 5th for opening new career opportunities and also 4th for salary increase.
The Economist survey builds on the recent ranking by Forbes, which placed IESE as the number one two-year business school outside of the U.S.
The Economist survey confirmed that European schools have an edge in salaries because of the state of the European job market and also because European MBA graduates tend to have more work experience under their belt than their U.S. counterparts.
The EIU also noted that European schools tend to attract greater numbers of international alumni than U.S. schools. At IESE, three-quarters of the current class come from outside Spain. Such a ratio of international diversity strengthens IESE's position in the "potential for networking" category, in line with other European schools.
The rankings, which include 100 of the top global full-time MBA programs, were based on a survey of close to 20,000 MBA students and graduates, as well as data provided by the school. The survey takes into account four factors deemed as the most important for students when embarking on an MBA: to open new career opportunities; personal development and educational experience; salary increase; and networking potential.
EIU is the business intelligence arm of The Economist Group, publisher of the respected The Economist magazine, as well as the Which MBA? guide, now in its 18th year of publication.
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