The site Poets & Quants reports on a new ranking of the top 20 European MBA programs. The ranking, recently published by Businessweek, is based solely on a survey among international corporate recruiters conducted by the company QS Quacquarelli Symonds. LBS followed in second and IMD ranked third.
The survey is particularly interesting due to the large amount of self-reported data gathered from the different schools. In terms of size, the biggest European program is INSEAD with 1,008 students, followed by IE with 450 students, and LBS with 406. The remaining European programs are relatively small, with over half of the 20 programs numbering less than 100 MBA students.
The survey also publicized the average GMAT scores of students at the different European programs, with INSEAD again leading with an average score of 703 (a number comparable with the mean score at Michigan and Darden, but far lower than at the top U.S. programs). LBS followed with a mean score of 698 and HEC Paris took third with 690.
In terms of starting salaries among graduates, IMD ranked first with an average starting salary of $132,852, with Warwick in the second spot with $129,970. In this area, the European programs actually dominate when compared with the top U.S. programs (last year Stanford recorded $129,652 and Harvard $124,085). The average starting salary for INSEAD graduates is $102,888, while LBS salaries average $110,606.
The most expensive MBA program in Europe is HEC Paris with tuition at $103,860, with IESE in second with tuition at $88,692. LBS follows in third with tuition at $87,164.