QS Global MBA Rankings 2024: IIM Bangalore Best in India, 10 Others in Global list

The QS Global MBA Rankings 2024 is an annual list showcasing the leading MBA and Business Master's programs worldwide. These rankings are determined based on five key factors, each given different importance: Employability, Return on Investment, Entrepreneurship and Alumni Outcomes, Thought Leadership, and Class & Faculty Diversity. While not as widely recognized as the rankings published by the Financial Times (FT) and US News, QS MBA ranking includes prestigious institutions like Harvard and Stanford, some of which chose not to participate in the FT ranking in 2021. In the top 20, prominent US business schools dominate, with The Wharton School reaching second place.

QS Global MBA Rankings 2024 - Introduction

Methodology of QS Global MBA Rankings 2024

• QS Global MBA Rankings 2024 is a global list of top full-time MBA programs.
• They assess 315 business schools from all over the world.
• Methodology is based on six indicators : employability, alumni outcomes, return on investment, thought leadership, and class and faculty diversity.
• QS has specialized measures for each of these factors, gathered through research by their analysts.
• These rankings are updated yearly to ensure their accuracy and relevance.
• QS doesn't just stop at MBA rankings; they also compare online MBA programs and Executive MBA programs annually.

Top 10 MBA Programs in QS Global MBA Rankings 2024

QS Global MBA Rankings 2024 - US Business Schools Dominate the List

• Stanford Graduate School of Business stands tall as the number one MBA program not only in the United States but also worldwide.
• Other leading US institutions in the top 10 include the University of Pennsylvania (The Wharton School), MIT (Sloan School of Management), and Columbia Business School.
• Impressively, a total of 118 US schools made it into this year's ranking, showcasing the diverse array of MBA choices available for students considering education in the US.

QS Global MBA Rankings 2024: Business Masters Programs Rankings

1. HEC Paris
2. London Business School
3. ESCP Europe
4. IE Business School
5. ESSEC Business School
6. University of St. Gallen
7. Rotterdam School of Management, Erasmus University
8. ESADE Business School
9. Bocconi University
10. Imperial College Business School

QS Global MBA Rankings 2024: Indian Institutes of Management (IIMs) in Top 250

QS Global MBA Rankings 2024: Criticism and Controversies

1. Lack of Transparency: Some critics have pointed out that the QS MBA Rankings 2024 lacks transparency in its methodology. They argue that QS doesn’t provide enough details about how it collects and analyzes data, raising concerns about the ranking's credibility.
2. Limited Scope: The rankings focus only on full-time MBA programs, excluding part-time and executive MBA programs. This narrow focus might not accurately represent the overall quality of MBA programs offered by certain business schools, as it overlooks important aspects of education.
3. Bias towards Western Business Schools: There's criticism suggesting that the rankings show a bias towards Western business schools, especially those in the United States. This bias might not portray the true quality of MBA programs in other parts of the world, potentially leading to an incomplete and biased view.
4. Limited Data: The QS MBA Rankings 2024 relies on data provided by the business schools themselves. Depending solely on self-reported data can be problematic as it might not always be accurate or complete. This limitation could affect the accuracy of the rankings.
5. Lack of Consistency: Some critics argue that the QS MBA Rankings 2024 lacks consistency from year to year. The rankings appear to fluctuate significantly, making it difficult to gauge the stable quality of MBA programs offered by business schools over time.

QS Global MBA Rankings 2024: How to Use the Rankings for MBA Admissions

1. Find the Best MBA Programs: The rankings show the best MBA programs worldwide. They look at things like job opportunities, how successful alumni are, how much money you can make after, how good the school is, and how diverse it is. You can pick the best program that fits what you want to do.
2. Compare Different MBA Programs: These rankings look at MBA programs everywhere. It helps you see what each program is good at. It makes it easier for you to pick the right one for your education and future job.
3. Check Out Business Schools: Use the rankings to see how well business schools are doing. By looking at the rankings, you can see what each school is good and not so good at. This helps you decide where to apply.
4. Make a Shortlist: Pick the schools that match your goals. Use the rankings to find the top MBA programs that suit your plans. This way, you can focus on applying to the right places.
5. Research MBA Programs: These rankings are a useful tool to learn about MBA programs. When you look at the rankings, you can figure out which schools provide a good education. This helps you make smart choices when you apply.