FT European business school ranking 2012

The Financial Times (FT) ranking represents a well-respected first tier evaluation of business schools. In 2012 ranking the University of Economics, Prague (VŠE) achieved 78th position.

In the ranking, the big countries with a long-term tradition of management education performed the best; in fact, universities from France and the United Kingdom represent more than 50 percent of the ranked business schools. The first place ranking of IE Business School from Spain may be considered as a surprise. Despite its European scale, schools from only 19 countries are placed and only four of those are located in Central and Eastern Europe, i.e. two schools in Poland, VŠE for the Czech Republic and Corvinus University of Budapest for Hungary.

The data used by FT for the evaluations originate from two main sources – universities themselves and their graduates. The questionnaire completed by the universities includes an evaluation of the level of internationalization, e.g. international scope of education, scale of education in foreign languages and share of exchange students. The qualification level of the teaching staff (Ph.D. staff share), together with university results in the area of lifelong education are evaluated too; the offer of MBA programs and business sector courses are examined in particular. Female representation among the teaching staff, students and Scientific Board are assessed as well.

Another questionnaire is distributed electronically to those that graduated from the university three years ago. The three-year period option works on the assumption that the graduates have had sufficient time to prove their expertise. The criteria include factors such as job level, career development in the three years since graduation and salary level. To be comparable, the salaries are calculated using the purchasing power parity (PPP) method.

More information: http://rankings.ft.com/businessschoolrankings/rankings