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European Business School Ranking 2021 by Financial Times

European Business School Ranking 2021 by Financial Times

The Financial Times daily has published this year's list of top business schools in Europe. The ranking included 95 universities from Europe including one Polish university - Kozminski University from Warsaw, which took 54th place.


The Financial Times published its annual ranking of the best universities for business education in Europe. HEC Paris was ranked first, followed by London Business School and Insead. French and British universities dominated the ranking, with a total of 23 schools from these countries making the list. Leon Kozminski Academy of Warsaw was the only Polish university to be included in the ranking, coming in at 54th place.

The ranking comes at a time when, as a result of the pandemic, business schools are under immense pressure due to the closure of borders and reduced opportunities for in-person learning. These and other factors have made some prospective students and companies hesitant to apply. Schools have been forced to adapt to online and blended learning, face increasing competition from alternative types of training, and deal with growing pressure to lower fees while the pandemic and the restrictions that come with it continue.

European schools dominate Masters in Management (MiM) education worldwide. Universities from Europe pioneered this segment of management education. Sometimes the Masters in Management degree is seen by some students as a cheaper alternative to the MBA programs first created in North America. Institutions on both continents are facing competition from newly established business schools in Asia as fast-growing economies, led by China, generate strong student demand. Changes in student interest in these degrees have been evident for some time in the "FT" rankings, among others. The average class size of MBA programs fell last year by 15 students to 112, while among Executive MBA schools it fell by 6 students to 72. MiM students, on the other hand, increased by an average of 26 students to 330.

The ranking of universities is based on four detailed lists showing the quality of programs and achievements of graduates of MBA, EMBA, Master of Management and postgraduate studies, published by the "FT" successively throughout the year. The condition of inclusion in both these subrankings and the main university ranking is having international accreditation of AACSB or EQUIS.

Ranking results
The top of the ranking has not changed compared to last year's edition. First place was taken by HEC Paris (France), second place by London Business School (United Kingdom) and third place by Insead (France).

The ranking of the best business schools in Europe has for some time been dominated by French universities. This year, as many as four institutions from Paris and the surrounding area - HEC Paris (1st place as in 2020), Insead (3rd place, 2nd in 2020), Essec (8th place, 6th in 2020) and Edhec Business School (10th place, 14th in 2020) - are in the top 10 of the list along with the other 22 schools from France.

It is important to note that the success of French business schools is not only due to high educational standards, but also to the political and social positioning of business schools in the French economy.

Performance of other countries
Among the 90 ranked business schools, the "second force" are British universities, which were ranked as many as 19. The highest - 2nd place was taken by the London Business School (2nd in 2020). Representation of other countries was a significant minority in the ranking. In the ranking there were 6 universities from Germany and the Netherlands, 5 from Switzerland and Belgium. The ranking also included universities from Central and Eastern Europe (3 from Russia and one each from Hungary, Slovenia and Czech Republic). The only Polish university classified in the ranking is Leon Kozminski Academy of Warsaw, which ranked 54th (45th in 2020).

The results of the ranking highlight the dominance of French and British universities on the European business education market. It is worth noting that the high position of universities from these countries is also reflected in other rankings and lists around the world.

Source: Financial Times

Link to full results:

: 27 grudnia 2021 | : rankings

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