Why West is best: MBAs thrive in North America

North America, Western Europe retain their status

Despite great advancements in the ambitions of business schools in other regions, respectable international MBA rankings reveal a simple truth: North American and Western European business schools dominate the MBA world now as ever before. Ross Geraghty looks into why.

In TopMBA.com’s MBA employer rating, the QS Global 200 Business Schools Report 2012, 82 business schools feature in North America, 67 in Europe, 36 in Asia-Pacific, and 10 in Latin America. Further, looking at the various global MBA rankings available, it’s not common for a business school outside of North America and Western Europe to appear in the top 20 MBA providing institutions.

“As countries such as China and South Africa increasingly feature in global economic discussion, MBA applicants are attracted to  business schools with a cultural understanding and close ties with local employers,” explains Nunzio Quacquarelli, managing director of QS Quacquarelli Symonds and author of the Applicant Survey 2012.

“However, at the same time, the top 10 MBA study destinations retain a strong lead in popularity amongst MBA applicants and are almost exclusively western nations. The only exception is Singapore; a nation well-known for offering western business ideals, as well as strong business education links to Western Europe.”

North America’s strong business education history

The MBA began in America, of course, with Tuck School of Business at Dartmouth creating the first management program in 1900 and Harvard Business School with the first actual MBA in 1908. Chicago introduced the executive MBA in 1943 while, in 1950, the University of Western Ontario’s Richard Ivey became the first business school outside the US to offer an MBA.

For Professor Sridhar Balasubramanian, associate dean for the MBA program at the University of North Carolina’s Kenan-Flagler Business School, this educational heritage is an essential reason for the dominance of North American schools. “A key reason for this dominance is the role of business research, the development of theories and concepts, the establishment of important empirical findings, and the publication of impactful books.

“The research culture that supports research productivity has been nurtured over time. This culture cannot be transplanted or mandated. It has to be built from the ground-up. But attracting an accomplished cohort of scholars to ‘kickstart’ the process can be difficult.”

Recognition by the major accrediting bodies, the US-based AACSB, Europe’s EQUIS and UK-based AMBA, coupled with a strong reputation amongst recruiters are major factors. This is not to say that Asian business schools will not compete to some extent, particularly with domestic recruiters, for business talent but, as Sauder’s Chandrashekaran continues: “The consequence of this well established tradition is a global acceptance of North American and European MBA and other business degrees as valuable commodities in the global job market.”

In short, and rightly or wrongly, approaching a recruiter with an MBA from long-established North American or Western European school carries a more weight than an MBA from a relatively fledgling school based elsewhere, in the minds of some international MBA recruiters.



News
Entertainment
Sports
Lifestyle
National

Is #JusticeForAvaLynn a case of bullying?

On Saturday, the hashtag #JusticeForAvaLynn became one of the trending topics on Twitter. Users circulated the above photo of 5-year-old AvaLynn, posted by her mother…

International

Terrorism could spread to US and Europe in…

Saudi Arabia's King Abdullah said terrorism would soon spread to Europe and the United States unless it is quickly dealt with in the Middle East,…

National

Ex-Bitcoin official to plead guilty to Silk Road…

Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of…

International

China's army changes tactics to prepare for war…

Chinese President Xi Jinping has said China will spur military innovation and called on the army to create a new strategy for "information warfare" as…

Gossip

Joan Rivers on life support: Report

TMZ reports that comedian Joan Rivers has been placed on life support, "completely reliant on machines to stay alive." Rivers has been hospitalized since she…

Movies

What's new on Netflix in September

September has a supernatural theme for Netflix. UFO "documentaries" and the survivalist reality series "Doomsday Preppers" are among the new series coming to the online…

Going Out

'Friends' coffeehouse Central Perk coming to NYC —…

"Friends" is coming back for a one-off special: "The One with the Free Coffee." Warner Bros. is bringing a pop-up replica of Central Perk, the…

Movies

Interview: 'As Above, So Below' directors: 5 ways…

The fraternal directors of the found footage horror "As Above, So Below" dish on the best ways to frighten the bejesus out of audiences.

NFL

3 things we learned in the Giants preseason…

The final score didn’t matter — a 16-13 win by the Giants — but it would’ve been nice to finally see Big Blue’s new-look offense get on track.

NFL

NFL Power Rankings: Seahawks, Broncos, Patriots, 49ers start…

NFL Power Rankings: Seahawks, Broncos, Patriots start at top

U.S. Soccer

5 facts about new England captain Wayne Rooney

Manchester United striker Wayne Rooney was named as the new England captain by coach Roy Hodgson on Thursday.

NFL

Jets vs. Eagles: 3 things to watch

A win on Thursday night at the Eagles would give the Jets a 3-1 record and just their second winning preseason under head coach Rex Ryan.

Wellbeing

VIDEO: Still not wearing sunscreen? You will after…

Sunscreen is possibly the most often repeated - and ignored - piece of skincare advice. But Thomas Leveritt took a different tactic. With a short…

Food

Twitter used to track down sources of food…

When Chicago health officials saw Twitter users complaining about local food poisoning episodes, they reached out on Twitter to those users and often ended up…

Style

Trend: White hot on the 2014 Emmy's red…

White was one of the big trends on the Emmy's red carpet.

Food

Recipe: Samuel Adams beer-marinated grilled shrimp

Summer calls for two things: a cold beer and light food. Sam Adams' Latitude 48 IPA fairly bursts with citrus notes, making it an ideal marinade…