Singapore has three of the world's top 100 business schools and so does Hong Kong, according to The Economist.
INSEAD, which has campuses in both France and Singapore, is ranked 23rd. Singapore's Nanyang Technological University's Nanyang Business School is 71st and National University of Singapore's NUS Business School is 89th.
Hong Kong University of Science and Technology's School of Business and Management is ranked 30th, University of Hong Kong's Faculty of Business and Economics is 38th and Chinese University of Hong Kong is 78th.
Australia has four business schools in the top 100: University of Melbourne's Melbourne Business School (17th), Macquarie Graduate School of Management (55th) Monash University (59th) and Curtin University Graduate School of Business (93rd).
The Indian Institute of Management (Ahmedabad) is ranked 99th.
The Economist rankings are possibly more useful than the Times Higher Education-QS university rankings for two reasons:
- The THE-QS university rankings boost the rankings of some universities such as the National University of Singapore and Nanyang Technological University by including categories like "international student score" and "international faculty score" in which they get 100 out of 100 and which have nothing to do with academics. In fact, they do worse than lower ranked universities in their "citations score" for quality of research, as I mentioned in an earlier post.
- The Economist rankings, on the other hand, are based on criteria directly related to education and job prospects. The business schools are evaluated on four counts:
- Open new career opportunities
- Personal development and work experience
- Increase salary
- Potential to network
The Indian Institute of Management (Ahmedabad), for example, is ranked fourth in opening new career opportunities. Monash University is ranked first in personal development and work experience. Two Hong Kong business schools are also ranked in the top 10 in that category: Hong Kong University of Science and Technology's School of Business and Management is third and University of Hong Kong's Faculty of Business and Economics eighth.
Here are the top 100 business schools as ranked by The Economist:
2 IMD – International Institute for Management Development Switzerland
3 California at Berkeley, University of – Haas School of Business United States
4 Chicago, University of – Booth School of Business United States
5 Harvard Business School United States
6 Dartmouth College – Tuck School of Business United States
7 Stanford Graduate School of Business United States
8 London Business School Britain
9 Pennsylvania, University of – Wharton School United States
10 Vlerick Leuven Gent Management School Belgium