The China Europe International Business School (CEIBS) was ranked 22nd worldwide and the top business school in the Asia-Pacific region on a chart of the world's top 100 business schools released Monday by the British newspaper Financial Times.
This was the highest ranking that an Asian business school had ever achieved in various international b-school rankings. The Financial Times ranked the Shanghai-based business school 53rd globally and No. 1 in Asia-Pacific region last year.
The Financial Times Top MBA Chart, launched in 2001, is one of the most influential rankings of business schools worldwide, with credibility comparable to that of the prestigious Business Week Top Business School Chart in the United States.
While composing the rankings, 20 factors including graduates' incomes, income growth rate and career prospects were considered. Statistics from top business schools and the views of multinational corporations, business school graduates and Financial Times experts were also taken into account.
According to the Financial Times findings, CEIBS made marked progress in 13 out of the 20 targets. The percentage of CEIBS graduates finding jobs within three months after graduation was ranked the highest across the globe, exceeding top business schools such as Harvard, Wharton and Columbia.
Meanwhile, the growth of CEIBS graduates' salaries within three years after graduation ranked second globally. The Financial Times also found CEIBS the fourth best business school where students were exposed to international experiences.
The biggest improvement made by the school in the past 12 months lies in graduates weighted average salaries earned three years after graduation. In this section the school climbed from last year's 98th to the current 49th. The change reflected the absolute salary growth concurrent with China's consistently fast economic growth as well as the salary-earners' increasing purchasing power following a weaker US dollar.
CEIBS was jointly founded by the Chinese government and the European Union in 1994.