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Doing an MBA is often the path to a high level job and a big salary in the world of business. But choosing where to go can be difficult.
To help out, the Financial Times has released its latest ranking of the world’s best business schools.
The FT’s Global MBA ranking for 2016 takes loads of data from business schools, including average salaries, the increase in salary its graduates see three years after finishing their degree, and the percentage of grads in work three months after finishing school. It then collates that data to create a list of the 100 best business schools in the world for doing an MBA.
Many of the top schools are in the United States, but Business Insider UK picked out the best schools located in Europe.
Check out the top European schools below and see the whole ranking at the FT’s website.
30. (98 out of 100) University of Bath School of Management — Bath has fallen substantially this year, having ranked 84th overall in the 2015 list. The average MBA grad from the school earns $97,908 and will generally see their salaries grow by 55% from their previous job.
29. (98 out of 100) University of Edinburgh Business School — A new entry on to this year’s ranking , Edinburgh’s MBA programme is ranked joint last along with two other UK schools, and the Katz Graduate School of Business at the University of Pittsburgh.
28. (98 out of 100) Leeds University Business School — MBA holders from Leeds are the only European graduates to earn less than $90,000 after finishing their advanced degree. They earn an average of $89,202 per year.
27. (94 out of 100) Grenoble Ecole de Management — The lowest ranked French school on the list, in the alpine town of Grenoble, has an average alumni salary of $93,680, and MBA holders get a salary increase of 80%.
26. (92 out of 100) Birmingham Business School — The business school of England’s second city is the lowest ranked European MBA programme where graduates earn more than $100,000 on average. Graduates tend to bring in a salary of $103,344.
25. (84 out of 100) EDHEC Business School — The school, in Lille, southern France, is another new entry onto the FT’s list. People holding an MBA from EDHEC can expect their salary to swell by 66% after graduating.
24. (79 out of 100) Michael Smurfit Graduate Business School, University College Dublin — The only Irish college on the Financial Times’ list, falls six places from 73rd overall in last year’s ranking. On average, Smurfit MBAs bring in $107,185 per year in wages.
23. (66 out of 100) Durham University Business School — Not only is Durham one of the UK’s best universities in general, it is also home to one of the world’s best MBA programmes, climbing 13 places overall. The average graduate will enjoy a 77% rise in their salary after completing their MBA.
22. (64 of 100) European School of Management and Technology — One of just two German business schools on this list, the Berlin-based ESMT has fallen one place overall this year. Graduates earn a 62% salary increase, and average earnings of $107,234.
21. (63 out of 100) University of Strathclyde Business School — Strathclyde is home to the highest ranking MBA programme in Scotland, having jumped a massive 17 places in the worldwide ranking.
20. (60 out of 100) University of St Gallen — The 120-year old university in Switzerland offers MBA holders an average salary of $112,940 per year after graduation, and an average increase in salary of 60%.
19. (57 out of 100) Cranfield School of Management — Unlike most universities on this list, Cranfield does not take undergraduates, allowing it to focus solely on postgraduate course like MBAs. This year the university has dropped by 12 places in the FT’s overall ranking. MBA grads earn an average of $116,604.
18. (49 out of 100) Mannheim Business School — Mannheim’s MBA programme is officially the best in German according to the FT rankings. This position is helped by average earnings of $109,622, and a salary bump of 79% after graduation.
17. (46 out of 100) Warwick Business School — Located in central England, Warwick has a stellar list of alumni, including the former CEO of Burger King and Heinz, and Ralf Speth, the boss of Jaguar Land Rover. Warwick MBAs can expect to earn upwards of $122,287 per year.
16. (42 out of 100) Rotterdam School of Management, Erasmus University — Rotterdam’s management school is the only Dutch university to make the MBA rankings. Well known alumni include the former CEO of FTSE100 consumer goods company Reckitt Benckiser, Bart Brecht. The average Rotterdam MBA earns $107,998.
15. (40 out of 100) The Lisbon MBA — Portugal’s best business school, and the only one in the country to make this list, an MBA from the Lisbon MBA gets the average graduate a doubled salary within three years of graduation.
14. (38 out of 100) Alliance Manchester Business School — Part of the University of Manchester, the Alliance School offers MBA graduates the chance to earn $117,918 per year after they finish their degree. It fell by three places in this year’s ranking, dropping from 35th place last year.
13. (37 out of 100) Cass Business School, City University London — Cass, named after 17th century merchant Sir John Cass, ranks as Britain’s sixth best business school, and has jumped eight places in the overall ranking this year, after placing 45th last year. The average Cass MBA holder earns $121,402 per year, and can expect an 82% increase in their salary.
12. (35 out of 100) Imperial College Business School — Imperial has a reputation as a great university for the sciences, but its business school is also one of the best on the planet. MBA graduates from Imperial earn an average of $112,301.
11. (35 out of 100) Lancaster University Management School — Lancaster’s MBA programme soared by 15 places in the worldwide ranking this year, thanks to the big increase in salary seen by its graduates. They can expect to earn 111% more three years after getting their advanced degree.
10. (28 out of 100) Saïd Business School, University of Oxford — Oxford may be one of the best universities in the UK, but it drops down the list this year. In 2015, the Saïd school ranked 22nd overall on the FT’s list. 82% of MBA grads are in a job three months after graduating, according to the FT’s ranking.
9. (25 out of 100) SDA Bocconi School of Management — The Bocconi School of Management in the northern city of Milan is officially the best business school in Italy, according to the Financial Times. It has climbed one place in this year’s list.
8. (23 out of 100) Esade Business School — Esade, in Barcelona, Spain, has fallen by four places from 19th overall last year, but graduates can still expect a salary of $132,119, an increase of 117%.
7. (16 out of 100) IESE Business School — Short for Instituto de Estudios Superiores de la Empresa, IESE is based within the University of Navarra. It hasn’t had a great year though, and despite MBA graduates earning an average of $140,185, fell all the way from 7th overall in 2015 to 16th this year. It is the biggest faller on this list.
6. (15 out of 100) HEC Paris — Situated in the southern suburbs of Paris, the HEC is France’s second highest rated business school for doing an MBA. Graduates are relatively poorly paid however, earning a measly $134,299.
5. (13 out of 100) IMD — Short for International Institute for Management Development, IMD, in Lausanne, Switzerland climbs seven places to 13th overall in 2016. Graduates don’t get a massive salary increase though, just 83%.
4. (12 out of 100) IE Business School — Located in the capital, Madrid, IE is officially the best business school in Spain, according to the Financial Times. People with MBAs from IE earn an average of $159,266.
3. (10 out of 100) Cambridge Judge Business School — Ranked as the second best business school in the UK, Judge MBA grads can expect a salary increase of 95% and an average wage of $156,323.
2. (3 out of 100) London Business School — Officially the best business school in the UK, according to the FT, London Business School has nonetheless fallen by one place this year. MBA graduates have the lowest salary of any in the top ten overall, earning $154,150 per year.
1. (1 out of 100) INSEAD — Europe, and the world’s best business school is officially INSEAD, which jumps to the top spot from fourth place overall in 2015. It has campuses in France, Singapore, and Abu Dhabi. Well known alumni include Tidjane Thiam, the CEO of Credit Suisse, and Lloyds boss Antonio Horta Osorio. The average MBA grad earns $166,510, and increases their salary by 96% after leaving.
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