- What are Executive Education programs for?
- Executive Education-2020
- How to interpret the results
- How can applicants navigate the ranking?
The Financial Times (FT) annually ranks the world's 50 most prestigious Executive Education business schools. According to the 2020 version, the TOP-3 was headed by Iese Business School (Spain-USA), in second place - HEC Paris (France), in third - IMD Business School (Switzerland-Singapore).
What are Executive Education programs for?
Executive Education - short business educational courses for managers and company owners. Executive programs allow business owners to expand their understanding of possible business development strategies, discuss the risks and benefits of possible scenarios with a group of people who occupy top positions in large companies or develop their own business. Brainstorming with teachers (industry leaders, top managers, business practitioners), people of the same level of education, experience, scale of thinking allows you to look at your work from the other side, re-evaluate perspectives. Completing Executive Education programs will be useful for companies that are setting new standards of corporate culture, ready to move to a different level of development and train top managers to effectively resolve conflicts and master advanced management skills. During sessions at the business school, top managers get the rare opportunity to openly discuss concerns and problems related to the development of the company, to receive advice and an outside perspective from disinterested professionals in the business world.
The Executive Education 2020 ranking differs from previous ones: leading-edge business schools - including Harvard Business School, MIT Sloan School of Management, Haas School of Business, Kellogg School of Management - did not participate in the ranking due to a rule change.
- Iese Business School (Spain / USA) has been at the forefront of management education and leadership development for over 60 years. The mission of the educational institution has been unchanged since 1958: to educate and inspire leaders who have a positive impact on people, business, and society. Since 2015, the school has consistently ranked first in the Executive Education ranking by the Financial Times.
- HEC Paris (France) - one of the best business schools in the world, is a leader in research and education in management. HEC Paris offers a unique portfolio of programs for carefully selected students. HEC Paris offers a unique selection of business programs for the world's most talented leaders. Bachelor's and Master's programs are taught by more than 4500 people, Summer School - 500 people, and Executive Education - 8000 people.
- IMD Business School (Switzerland / Singapore), Institute for Management Development (IMD) is an independent academic institution with Swiss roots and global reach, founded almost 75 years ago by business leaders for business leaders. Since its inception, IMD has remained a pioneering institution for the development of senior executives who transform organizations and make a positive contribution to society. Based in Lausanne, Switzerland and Singapore, IMD has ranked among the TOP-3 in the annual FT Executive Education global rankings for the past 9 consecutive years, and in the TOP-5 for 17 consecutive years. MBA and EMBA courses have been repeatedly recognized as the best in Europe and even in the world.
- Insead (France / Singapore / Abu Dhabi) is one of the leading and largest business schools in the world, offering members a truly global educational experience. With offices in Europe (France), Asia (Singapore), the Middle East (Abu Dhabi), North America (San Francisco), alliances with leading institutions, Insead's business education and research spans the world. 165 renowned faculty members from 41 countries inspire more than 1,300 students enrolled in bachelor's and master's programs. More than 11,000 executives participate in Insead courses annually.
- Essec Business School ( France ) is part of the Chamber of Commerce and Industry of the Paris-Ile-de-France region (CCIR). It is a non-profit association whose governance structure brings together members of the ESSEC community (alumni), students, professors, staff, CCIR representatives, representatives of the business world.
- Stanford Graduate School of Business (USA) offers programs that develop discerning leaders. Stanford Graduate School of Business students are not afraid to make mistakes: they are astute, passionate professionals who do not stop there, preferring to use knowledge, talent, ideas to initiate change.
- University of Michigan: Ross (USA) teaches how to remain leaders, researchers, students throughout life, creating innovative solutions to business problems. The institution offers hands-on education to prepare graduates for work in an ever-evolving world. The influence of the study session goes far beyond the classroom - the school sets new standards in business education.
- University of Oxford: Saïd (England) - a global community of scientists, students, alumni, employees includes representatives from all over the world from different business sectors. The unique nature of the community allows enriching the views of course participants on the prospects for business development. Oxford brings together heads of state, CEOs, Nobel laureates, brilliant young scientists, social entrepreneurs, politicians, inventors and corporate recruiters. The Oxford Executive MBA enables current and future leaders to change their chosen field and find a new way of business development.
- Fundação Dom Cabral (Brazil) connects management theory with practice, academic education with business experience and client projects. For over 40 years, FDC has been educating executives, government managers, entrepreneurs from all over the world. The Business School offers national and international educational solutions focused on innovative thinking. These solutions are supported by strategic alliances and cooperation agreements with well-known organizations in Europe, USA, UK, China, India, Russia, Latin America. An influential network of schools allows FDC to access additional advanced management tools, share management experience, and generate shared knowledge.
- ESMT Berlin ( Germany ) was founded in 2002 by 25 leading German corporations and institutions. It is a publicly accredited private business school: the main campus is located in Berlin on Schlossplatz, next to the Berlin City Palace. The historic main building of the ESMT campus was formerly the building of the State Council of the Government of East Germany, the satellite campus is located in Berlin-Schöneberg, the branch office is in Shanghai.
How to interpret the results
The list of the best 50 schools was formed from 2 rankings - open (75 schools), individually selected (85 schools) programs. Open Programs are standard business courses that are suitable for anyone looking to take business education. Individualized / customized programs meet the needs of a specific client (company).
The ranking takes into account several criteria:
- academic level
- Teaching Staff
- educational materials
- course cost
- level of participants
- the nature of their interaction
- post-course support
- achievement of the set goals
- the nature of accommodation and food.
Business education experts note that the ranking methodology is not flawless: most of the information about the quality of programs is provided by the schools themselves, focusing on the feedback from graduates. How representative the information is: it covers only short courses, schools select 3-4 products, and may choose courses with the best grades. The question of the objectivity of the ranking arises: after all, 4 successful educational programs cannot be the basis for characterizing the entire school.
The positive side of the ranking is the demonstration of achievements and the opportunity to evaluate the Executive Education market as a whole, to determine the circle of top educational institutions that annually take places in the TOP-10. For professionals, this is also a motivation, an opportunity to assess industry trends, to work on strengthening their own positions.
In addition to the Iese Business School, HEC Paris (France), IMD Business School (Switzerland-Singapore), Insead (France / Singapore / Abu Dhabi), traditionally present in the ranking of large business schools, new schools with great ambitions may also make it to the top. For the first time, the Russian school - Moscow School of Management Skolkovo - was included in the Financial Times ranking. Despite a short 15-year history, Skolkovo managed to achieve high results: to take the 46th position among the 50 best business schools in the world, to designate its presence in the world educational arena. The center has done a tremendous job of creating a business school, attracting world-renowned teachers and speakers, going beyond the borders of Russia and Eastern Europe.
How can applicants navigate the ranking?
When choosing a course of study, determine: what problem should it solve? Short-term programs are suitable for those who have already received theoretical and practical experience in management, an understanding of the strategy for further professional development. If a specialist needs to strengthen specific skills, the ranking will help to choose the most suitable course.
What points to pay attention to:
- Course design, teaching are the main criteria for choosing customized programs.
- Follow-up is an indicator of the intensity of interaction with alumni.
- Pay attention to the accommodation: comfort, convenience, location close to attractions / educational buildings.
- Look at the assessment of classrooms, food quality.
- If you plan to order a customized program, the ranking will make a list of schools that are focused on solving the selected problem.
The school's participation in the FT ranking confirms the importance of Executive Education programs for this educational institution, its experience in this area. There are no ideal rankings, they can always be criticized. But importantly, a common set of criteria applies to a wide range of business school programs that cannot be compared in any other way. Striving to improve their position on the list and get into the TOP-10 motivates schools to work harder.