Nanyang Business School’s MBA programme climbs 10 places in The Economist 2009 ranking
The NANYANG MBA programme from Singapore's top business school now ranked 71st globally
Nanyang Technological University’s (NTU), Nanyang Business School (NBS) has moved up significantly in the closely-watched annual global MBA rankings by the prestigious The Economist magazine.
NBS’ full-time Masters in Business Administration (MBA) programme, the NANYANG MBA, is now ranked 71st in the world, having shot up 10 places compared to its 81st position last year.
Its 71st global ranking is the highest position achieved by the NBS’ full-time MBA in the London-based magazine’s annual poll, having made it to its world’s top 100 MBA listing consistently each year over the last six years since 2004.
“We are delighted at the news of the significant improvement in our MBA ranking by The Economist,” says Professor Gillian Yeo, Interim Dean of NBS. “Together with our 24th position globally in the Financial Times’ ranking earlier this year, our improved rankings are a strong endorsement of the academic rigour and relevance of our market-oriented programmes at our business school. As we continue to attract some of the best students and faculty to our school, we aim to do Singapore proud by building a world class business school and moving up in the rankings.’’
The NANYANG MBA’s regional ranking also improved. It now ranks 6th in the Asia and Australasia regional ranking, up from 7th place last year.
The two clear areas where NBS has improved are in “careers” and “alumni”.
NBS has improved in the provision of new career opportunities for its full-time MBA graduates. By committing greater resources to this area, the school has broadened the range of professional opportunities offered via a NANYANG MBA’s career services.
NBS has done very well in the “diversity of recruiters” criterion, coming in fifth globally, indicating the wide spectrum of industries in which graduates can develop their careers.
As for alumni, NBS has improved in its breadth of alumni network and in alumni effectiveness, having expanded its overseas alumni network and engaging alumni more effectively. Locally, NBS has also seen more alumni engagement.
Another area of improvement is in the quality of faculty. NBS has stepped up its recruitment of more leading faculty members and now ranks 32nd globally for faculty quality.
The Economist highlighted that its ethos is to look at business schools from the students’ perspective. Based on its past surveys on why they decided to sign up for an MBA, the ranking criteria were the following factors: to open new career opportunities (35%), personal development and educational experience (35%), salary increase (20%) and the potential to network (10%).
Other rankings have different standpoints, the magazine said.
The Economist’s global MBA ranking now in its eighth year, reflect the prevailing conditions such as salaries, jobs available and the situation at a school at the time the survey was carried out in the second quarter of this year.
The magazine said that memory has been built into the rankings by taking a weighted average of three years to provide a rounded picture of the schools.
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