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FT Executive MBA Ranking 2026: methodology, key and profiles

Learn how this year’s EMBA table was compiled and the criteria assessed. Plus school profiles
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{"text":[[{"start":10.96,"text":"This is the 26th edition of the FT’s annual ranking of the world’s top 100 Executive MBA programmes for senior working managers."}],[{"start":19.34,"text":"Participation is voluntary and at the business school’s request. EMBAs must meet certain criteria to be eligible. First, the school must be accredited by either the US’s Association to Advance Collegiate Schools of Business or Europe’s Equis. The EMBA must be cohort-based, with students starting and finishing together. A total of 129 programmes took part in the ranking process, including eight joint degrees delivered by more than one school."}],[{"start":44.8,"text":"Data is collected by two online surveys, the first completed by schools and the second by alumni who completed EMBAs in 2023. For a school to be eligible, at least 20 per cent of alumni must respond, with a minimum of 20 responses. This year, the FT considered schools with a lower response rate. The survey was completed by 4,466 alumni — an overall response rate of about 39 per cent."}],[{"start":70.48,"text":"Alumni responses inform six ranking criteria: salary today; salary increase; career progress; work experience; aims achieved; and alumni network, which measures the quality of networks, as rated by surveyed graduates. Together, they account for 52 per cent of the ranking’s weight. The first two criteria on alumni salaries count for 31 per cent."}],[{"start":null,"text":"

Executive MBA Ranking 2026

Read the ranking and report

"}],[{"start":92,"text":"Salaries of full-time students are removed. The remaining salaries are converted to US$ using the latest purchasing power parity (PPP) rates supplied by the IMF. The highest and lowest salaries are removed and the average current salary is calculated for each school. Salary increase is calculated according to the difference in average salary from before the EMBA to three years after completing it. Half of the ranking weight is applied to the absolute increase and the other half to the percentage increase relative to pre-EMBA pay."}],[{"start":120.16,"text":"If available, alumni criteria are drawn from the past three surveys. Responses from the 2026 survey carry 50 per cent of the total weight and those from 2025 and 2024 each account for 25 per cent. Excluding salary-related criteria, if only two years of data are available, then the weighting is split 60:40 if data is from 2026 and 2025, or 70:30 if from 2026 and 2024. For salary figures, the weighting is 50:50 for two years’ data, to avoid inflation-related distortions."}],[{"start":154.42,"text":"Information from schools informs 10 criteria that account for 38 per cent of the ranking. The ESG category is partly based on the proportion of core courses dedicated to environmental, social and governance issues and carries a weight of 3 per cent. Alumni evaluation of ESG teaching is also included."}],[{"start":171.52,"text":"The weighting for faculty and student gender diversity is five per cent each. For these gender diversity criteria, schools with a 50:50 (male:female) composition receive the highest score."}],[{"start":183.32,"text":"International diversity is based on the overall percentage of students and faculty from abroad and the spread of these individuals by citizenship based on the Herfindahl index, a measure of concentration."}],[{"start":194.04,"text":"The final criterion, FT research rank, accounts for 10 per cent of the ranking. It is calculated according to the number of articles published by schools’ full-time faculty in 50 internationally recognised academic and practitioner journals (the FT50). The rank combines the absolute number of publications from January 2024 to May 2026 with the number of publications, weighted relative to the faculty’s size."}],[{"start":218.4,"text":"The FT rankings are relative. Schools are ranked against each other rather than against set standards. The FT calculates the Z-scores for each criterion. Z-scores show how far a school’s data is from the mean. These scores are then weighted as outlined in the ranking key and added together for a final score."}],[{"start":236.92,"text":"After removing the schools that do not meet the minimum alumni response rate, a first version is calculated using all remaining schools. The school at the bottom is removed and a second version is calculated. This action is repeated until only the top 100 programmes remain."}],[{"start":252.08,"text":"Judith Pizer, of Pizer-MacMillan, and Avner Cohen, of AC Data Science, acted as the FT’s database consultants."}],[{"start":258.76,"text":"The FT research rank was calculated using Clarivate data covering 50 journals selected by the FT (the FT50) from the Web of Science, an abstract and citation database of research literature."}],[{"start":270.8,"text":"Key (ranking criteria weights in brackets as a percentage)"}],[{"start":277.12,"text":"Salary today US$ (15): average alumni salary three years after course completion, US$ international purchasing power parity equivalent. †#"}],[{"start":287.24,"text":"Salary increase (16): average difference in alumni salaries from before EMBA to now. Half the measure is calculated according to the absolute increase and half according to the percentage increase relative to pre-EMBA salary. †#"}],[{"start":301.72,"text":"Career progress (6): calculated according to changes in the level of seniority and the size of the company or organisation alumni work at now versus before their EMBA. †#"}],[{"start":311.68,"text":"Work experience (5): a measure of the pre-EMBA experience of alumni by seniority of positions, number of years in each position, organisation size and overseas work experience. †#"}],[{"start":322.72,"text":"Aims achieved (6): the extent to which alumni’s main EMBA study goals were fulfilled. †#"}],[{"start":327,"text":"Alumni network rank (4): effectiveness of the alumni network for career opportunities, launching start-ups, recruiting staff and providing event information (such as career-related talks), as rated by alumni."}],[{"start":339.72,"text":"Female faculty (5): percentage of full-time female faculty. ‡"}],[{"start":344.04,"text":"Female students (5): percentage of female students on the programme. ‡"}],[{"start":350.32,"text":"Women on board (1): percentage of female members on the advisory board. ‡"}],[{"start":355.32,"text":"International faculty (5): calculated according to the diversity of faculty by citizenship and the percentage whose citizenship differs from their location of employment — the published figure."}],[{"start":364.96,"text":"International students (5): the percentage of current EMBA students whose citizenship differs from the location in which they study, or where the school’s main campus is located, as well as their diversity by citizenship."}],[{"start":368.16,"text":"International board (1): percentage of the board whose citizenship differs from the location in which the business school is situated."}],[{"start":382.36,"text":"International course experience rank (4): based on the percentage of classroom teaching hours conducted outside the location of the business school for the recent completing class of EMBAs that require overseas study. In-person, virtual and hybrid experiences are included."}],[{"start":397.28,"text":"Faculty with doctorates (5): percentage of full-time faculty with a doctoral degree."}],[{"start":401.72,"text":"FT research rank (10): calculated according to the number of articles published by a school’s current full-time faculty members in 50 academic and practitioner journals (the FT50) from January 2024 to May 2026. The rank combines the absolute number of publications with the number weighted relative to the faculty’s size."}],[{"start":422.04,"text":"ESG and net zero teaching rank (3): proportion of teaching hours from core courses (not electives) dedicated to environmental, social and governance issues, plus climate solutions that enable organisations to reach zero emissions. Alumni evaluation of school’s ESG teaching (both core courses and electives) is also included."}],[{"start":442.44,"text":"Carbon footprint rank (4): calculated using the net zero target year for carbon emissions set by the university and/or school, and the existence of a publicly available carbon emissions audit report since 2023. Extra credit is given to schools with an audit report that includes Scope 3 emissions (those not controlled directly by the school but which occur externally in its value chain as a result of its activities)."}],[{"start":465.72,"text":"Overall satisfaction: average course evaluation by EMBA alumni, scored out of 10.*"}],[{"start":471.44,"text":"FT ranking tier: schools are divided into four groups. Schools at the top are in tier l and those at the bottom are in tier lV."}],[{"start":479.4,"text":"† Includes data for the current year and the one or two preceding years where available."}],[{"start":483.34,"text":"‡ For the three gender-related criteria, schools that have 50:50 (male:female) composition receive the highest possible score."}],[{"start":491.08,"text":"# Data from alumni who completed their programmes in 2023 included."}],[{"start":null,"text":"

Mini school profiles

Top EMBA: Kellogg/HKUST

Modern office building with a curved glass façade and illuminated interiors.

Kellogg/HKUST Business School returns to number one, up from fourth last year. Graduates of the joint US-Hong Kong programme rated its alumni network the best. The EMBA also performed strongly in terms of graduate career progress and pre-EMBA work experience, ranking second and third respectively. Graduates reported an average salary of $607,684, the second highest, and an overall satisfaction score of 9.73.

Top solo EMBA: Ceibs

Modern pyramid-roofed building beside a reflective pool surrounded by landscaped gardens and contemporary buildings.

In second place again, Ceibs is the highest-ranking EMBA run by a single school. Its alumni earn an average salary of $567,019, with a 105 per cent pay rise from before the EMBA to now. On average, they achieved nearly three-quarters of their main goals for studying. Ceibs’ alumni network is highly rated, in seventh place. The Shanghai-based school also has a strong international presence, with locations in China, Switzerland and Ghana.

Top for overseas experience: Trium: HEC Paris/LSE/NYU

People walk along sweeping curved ramps inside a bright, modern multi-level building.

The joint EMBA is first for international course experience for the third consecutive year, based on the percentage of teaching hours conducted outside school locations. Trium, ranked 15th overall, is also top again for its alumni’s pre-EMBA work experience — the fourth year in a row. Alumni say they value the multiple campus locations for bringing them into contact with people from diverse backgrounds.

Top for salary increase: HKU

Historic pink clock-tower building surrounded by trees and modern high-rises.

HKU Business School’s alumni received the largest salary increase from before their EMBA to now, a rise of 121 per cent taking their pay to $338,216. Ranked 24th overall, the course is run in partnership with China’s Fudan University and taught mainly in Shanghai. The course performed well in the career progress category and has been described as transformative by alumni, who praised its alumni network and academic quality.

Top for ESG: ESCP

Modern building with a striking red and yellow glass façade, surrounded by city buildings.

For the second consecutive year, multi‑campus ESCP Business School is first for its ESG and net zero teaching — the fifth edition in a row it has been in the top 5 for this category. ESCP, ranked fifth overall, is also second for its international course experience. Alumni praised the school for aiding the expansion of their global network as well as the knowledge exchanged with teachers and peers.

Joint biggest rise: Duke: Fuqua

Modern institutional building with a tall glass entrance, stone accents and a tree-lined walkway.

Duke University’s Fuqua School of Business climbs 26 places to 49th, the joint biggest riser. Alumni of its Weekend Executive MBA reported an average salary of $241,717, an increase of 54 per cent. The US school performed strongly in the carbon footprint metric, ranking sixth. Plus, it is in the top 15 for academic research, based partly on the number of articles full-time faculty members have had published.

Joint biggest rise: Iscte

Modern university building with a grey façade and ISCTE Instituto Universitário de Lisboa signage.

Iscte Business School in Portugal also rose 26 places in the table and is ranked 55th overall. It performed strongly in the ESG category, at number five, partly based on the proportion of core teaching hours dedicated to environmental, social and governance topics. The school is also in the top 25 for its alumni network. Its graduates earn an average salary of $254,430, the highest among alumni from schools based in Portugal.

Highest new entrant: KFUPM

Brutalist concrete complex with a tall flared tower, surrounded by trees and greenery.

In joint 79th place, KFUPM Business School is the highest-ranked debutant in this year’s EMBA table. It is the first school from Saudi Arabia to appear in the FT ranking. Its alumni achieved the fifth-largest wage increase, at 106 per cent, measured from before the EMBA to their current salary, which is $315,771 on average. KFUFM is also 16th in the alumni career progress category.

"}],[{"start":null,"text":"

Criteria for taking part in our ranking

Updated on April 28, 2026

We review the criteria on a regular basis. The pandemic has affected business schools and our ranking process, but we have done our best to accommodate feedback from schools. Please note, we are unable to include requests from every school.

The FT EMBA ranking is based on two surveys: one for the business school and one sent to your alumni who completed their EMBA three years ago.

Each school can only submit one standalone programme. However, more than one programme can be submitted if the additional programme is a joint degree. Joint programmes can be separately entered, on condition they are structured so that participating students take classes and receive the Masters degree from all partner institutions.

The following are the criteria schools must meet in order to participate in the annual EMBA ranking:

The business school must be accredited by AACSB or Equis.

Your programme must have been running continuously for the past four years and the first class should have graduated in the calendar year at least three years prior to the survey date.

Executive MBAs are part-time degrees designed for senior working managers. It is assumed most participants have at least 10 years of work experience and hold managing positions. Your school can only submit one PART-TIME EMBA degree for this ranking.

The course of study should last no longer than three years. This is the default length. If your EMBA graduates took more than 3 years of study then they cannot take part in the survey, therefore they should be removed from the list of alumni to be surveyed.

Students must matriculate and graduate in cohort(s).

At least 25 students must have completed the programme, per calendar year, three years ago AND in each subsequent year.

No more than 20 per cent of the class must be from one company. Subsidiary companies of a group are treated as separate companies.

The business school must have a minimum of 20 full-time permanent faculty.

Graduates need to complete the survey in English.

Ideally, business schools should be able to supply the email addresses of all its alumni who completed their programme three years ago. These will be used purely for editorial research purposes and held securely and destroyed after use, unless they agree for us to contact them again for future research, respecting GDPR and the FT rankings privacy policy: https://bschoolportal.ft.com/privacy-policy Please exclude those who want to opt out of our survey. Please do not select and lobby alumni to complete the survey.

We need a response rate of at least 20 per cent from alumni with a minimum of 20 completed surveys from any school wishing to be considered for the ranking. E.g., a class size of 100 graduates will require 20 completed surveys and a class size of 200 alumni will require 40 completed surveys. This response rate is based on the total size of the cohort we are surveying, not the number of graduate emails you can supply, as we are aware that some alumni will opt out of the survey.

Meeting these criteria does not guarantee automatic participation in the ranking. The final decision rests with the Financial Times.

Please note, the table is finalised about eight weeks before the publication date. It is too late for schools to withdraw from the ranking after the eight-week mark.

Email emba@ft.com by the start of March if you have questions or wish to take part as the ranking process starts in mid-April. By this time, the onus is on schools to get in contact with us if they wish to take part in the ranking, as we are unable to email every single school to check if they wish to be considered.

Rankings: https://rankings.ft.com

Report: http://www.ft.com/emba

Methodology: https://www.ft.com/emba-method

Timings:

Invitation to participate: April

Schools to confirm participation: May

Schools to upload alumni list: May

Schools to upload faculty list: July

Survey open: June

Survey close: June/July

FT conducts data checking process with schools: July – September

Publication: October

"}],[{"start":500.25,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1791800994_8226.mp3"}
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