McCombs Cracks Financial Times Global Top 40 for Highest Rank in 11 Years
Besting last year's performance by seven full ranks, the McCombs School of Business tied for a global rank of 39 in the 16th annual Financial Times full-time MBA ranking. This is its highest global rank in 11 years.
Among U.S. programs, McCombs rose to rank 21, its best domestic performance in 13 years. And among U.S. public schools, McCombs climbed to sixth place, tying its best achievement in 15 years.
Repeating their standings from last year, Harvard and Stanford took the top two spots, respectively, out of the 100 ranked institutions worldwide. London Business School came in third, ousting Wharton, which landed in fourth.
Salary accounts for 20 percent of the total ranking and the Texas MBA full-time program has risen in rank on this measure every single year since 2008. The program's alumni salary, which Financial Times adjusts for industry sectors but not for cost of living, ranks 18th among domestic programs.
Among Texas programs in the ranking, McCombs alumni continue to bring in the highest salaries in the state. The average weighted salary reported by graduates of the Texas MBA three years post degree is $129,225. Other Texan contenders include Rice ($118,473) and Texas A&M ($108,699). SMU was not ranked this year.
Additional career-related highlights include an impressive percentage employed within three months of graduation (93 percent, a global rank of 15), and, when alumni around the world are asked to name three business schools from which they would recruit MBAs, McCombs placed 20th. The school has been in the highest quarter or quintile on this measure for the past eight years.
But McCombs' pinnacle performance this year resides in its research prowess. The school's faculty research is currently tied for 13th in the world, which is its highest rank in this area in the survey's history. The research rank examines a school's faculty publications in 45 top business journals and adjusts for faculty size. McCombs has been rising steadily on this measure since 2002.
The Financial Times survey queried more than 23,000 alumni of the Class of 2010 from 153 business schools around the world on career progress and salary data, which make up almost 60 percent of the ranking's weight. The alumni response rate was 47 percent.
Schools supply data on a variety of demographics. International diversity issues, favorable to non-U.S. schools, have typically challenged domestic programs in the ranking.