Vlerick EMBA program now only 90th in the FT rankings – should I worry?
October 20, 2012 3 Comments
From time to time, you wonder if you chose well your business school (well, that’s also when you procastinate instead of working on your statistics assignment – that’s another story). It all started with an e-mail stating that the MBA at Antwerp Management School earned a 50th position in the FT EMBA ranking (while Vlerick EMBA is down from the 77th position to the 90th) …
Ok so let me gather some facts first (best of each row in bold):
|Ranking||Vlerick B.S.||Antwerp M.S.||Solvay B.S.E.M.||IAG-L.S.M.|
|FT European Business School Rankings 2011||16 (↓ from 13)||62 (↓ from 57)||46 (↓ from 42)||51 (↓ from 48)|
|FT EMBA Ranking 2012||90 (↓ from 77)||50 (entry)||–||–|
|FT Global MBA Ranking 2012||70 (↓ from 71)||–||–||–|
|The Economist Full time MBA ranking||66||–||–||–|
|Aspen Institute Beyond Grey Pinstripes||Vlerick||–||–||–|
There is a limited number of rows because I was focused on Belgian business schools that are not in the WSJ ranking nor in the BusinessWeek ranking for instance. Thus Vlerick is in three types of configuration: either ranked alone (we don’t know how the other would behave), either in first position (EU ranking 2011), either in second position. Why can’t Vlerick be first everywhere? (and also I’m only comparing Belgian business school).
Before going into the details of what components are in the EMBA ranking of 2012, there is something that is worrying: whatever business school, whatever ranking, all Belgian business schools are going down! How come? I thought that more and more students were chosing European business schools, mostly because they seem more prepare to face the economic crisis and cheaper (this does not necessarily mean of better quality I agree).
So let’s compare VBS and AMS (again, best of each row in bold, “Past” column indicates if this factor includes data from past years in the FT comparison) …
|Vlerick B.S.||Antwerp M.S.||Weight in FT (%)||Past in FT|
|Rank 2012||90 (↓)||50||–||–|
|Rank 2011||81 (↓)||–||–||–|
|3 year average||77||–||–||–|
|Salary total (US$)||115,204||175,930.00||20||y|
|Salary increase (%)||54||53||20||–|
|Career progress rank||41||2||5||y|
|Work experience rank||90||35||5||–|
|Aims achieved rank||33||82||5||y|
|Women faculty (%)||23||22||3||–|
|Women students (%)||19||35||3||–|
|Women board (%)||16||0||1||–|
|International faculty (%)||25||14||5||–|
|International students rank||81||67||5||–|
|International board (%)||100||86||2||–|
|International course experience rank||66||30||5||–|
|Faculty with doctorates (%)||95||84||5||–|
|FT doctoral rank||80||88||5||y|
|FT research rank||77||92||10||y|
So clearly we see the AMS is recruing people declaring a much higher salary (entrance fee is approximately the same) and declaring a very good career progress after the EMBA. AMS classes has nearly the double of women than VBS. And where the VBS makes a good difference with AMS, the FT doesn’t give that much weight to it (e.g. women on board, international board, etc.).
What is interesting is that AMS alumni declared being very pleased with their career progress. While Vlerick alumni declared being very pleased with their aims achieved. The first sentence is not surprising. Let’s compare the two graphs of alumnis’ current job title 3 years after graduation:
So – back to the title – should I worry?
I don’t think that Vlerick should change its behaviour (exclusively) according to rankings. However it could work on recruitement, career counselling / progress and research in order to improve some criteria in the FT ranking. But on a personal level, you know where you should work on your own and where Vlerick can help you …