MBA
MBA Career: IE Business School Named Top Online MBA Provider by Financial Times
Last Updated on March 17, 2024 by Robert C. Hoopes
Business education, particularly online MBA programs, has undergone a significant transformation in recent years, with a focus on advanced technology and personalized learning experiences. These advancements have attracted a growing number of students to online MBA programs, citing benefits such as flexibility, lower costs, and improved work-life balance.
According to the Financial Times ranking of online MBAs, IE Business School in Spain has claimed the top spot for the second consecutive year. Factors such as the international student body and alumni mobility have contributed to its success. Imperial College Business School in the UK ranked second, with alumni earning the highest average salary of $218,315. The University of Southern California: Marshall School ranked fourth, with alumni earning an average salary of $209,900.
A notable newcomer to the ranking is Birmingham Business School in the UK, which secured the ninth spot. The school was recognized for its value for money, international mobility opportunities, and career services. Participation in the Financial Times ranking is voluntary and requires data from business schools and alumni who completed their programs in 2020.
Interestingly, online MBA alumni who completed their programs within two years reported a more positive overall experience compared to those who took longer to finish. North American schools, despite having the highest course costs, saw their alumni earn the highest salaries three years after program completion. On the other hand, UK schools, with lower tuition fees, have alumni salaries comparable to those in the US and Canada.
Alumni surveyed also provided feedback on their schools’ strengths and areas for improvement. While general management was seen as a strong suit, there were suggestions for improvement in fintech, IT, and law. The top motivators for pursuing an online MBA were personal development and career advancement, with a lesser emphasis on entrepreneurship or international work opportunities.
