The Financial Times recently released their Global MBA Rankings for 2016, and this year, INSEAD topped the list. This is the first time a “one-year MBA program” has ranked #1 in the Financial Times‘ rankings.
With this honor, INSEAD also becomes only the fifth school to ever assume the top spot in the Financial Times‘ 18-year history of publishing their rankings – the only schools to reach #1 thus far have been Harvard Business School, the Stanford Graduate School of Business, London Business School, and the Wharton School of Business, all of which occupy the rest of the top five slots for this year’s rankings.
INSEAD prides itself on being the “business school of the world,” and boasts of an international faculty and student body of over 80 different nationalities that enriches classroom discussions and creates life changing experiences for its students through its cultural diversity and views. INSEAD’s campuses in France and Singapore further add to the student experience with opportunities to travel across Europe and Asia with fellow MBA participants during the program.
In his letter to INSEAD alumni, Dean Ilian Mihov attributes the school’s #1 ranking to what INSEAD values: “diversity, academic excellence, entrepreneurial culture and extensive global alumni network.” The school’s international faculty also works together to continuously improve its curriculum and deliver exceptional educational experiences to all its students in Europe, Asia, and the Middle East. Mihov also shared that this marked a “triple first” for INSEAD, becoming the first and only school to have all three of its MBA programs ranked #1 by the FT in their respective categories: INSEAD MBA ranked #1 for MBA programs, the Tsinghua INSEAD EMBA ranked #1 for EMBA programs, and the INSEAD Global EMBA was honored as the highest ranked single school program.
In a separate letter, the INSEAD MBA Admissions team shared the profile of its latest intake of 514 students, with 75 nationalities represented – 30% of them women – including students from Indian, American, Chinese, French, British, and Canadian nationalities. The average age of INSEAD’s incoming class is 29 and its average GMAT score is 702.
INSEAD has also continued its “Conditional Acceptance Offer” of offering a place to candidates who have the potential and quality to be admitted, but need one more year of professional experience. Introduced in 2014, the school has found this offer to be a good way to retain young, bright candidates for future MBA classes. 15 students received such an offer for their latest intake.
Surely this remarkable achievement will be something to consider when determining whether INSEAD is the right business school for you.
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Written by Edison Cu, a Veritas Prep Head Consultant for INSEAD.