New FT ranking: US business schools excel at MBA start-up spirit

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New FT ranking: US business schools excel at MBA start-up spirit

Post by Admin on Mon Jun 27, 2016 5:29 pm

Stanford, Olin and Darden top league table of best courses for entrepreneurship



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It is two out of two for Stanford Graduate School of Business , which has retained its top position in the Financial Times’ second annual ranking of the best MBA programmes for entrepreneurship.
FW Olin Graduate School of Business at Babson College came second, while The University of Virginia Darden School of Business followed in third. Places four to seven were also taken by US institutions — Dartmouth’s Tuck school, UCLA’s Anderson, Berkeley’s Haas and Wharton.
This year’s ranking — a customised spin-off from the FT’s 2016 global MBA ranking — features the top 25 MBAs for entrepreneurship, an expansion from the 10 programmes listed last year.
The league table was compiled using exclusive data gathered during the broader ranking exercise, from students who graduated from MBA courses in 2012.

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Among the criteria assessed were the percentage of a school’s MBA graduates who started a company, as well as how many of those businesses were still trading at the end of 2015.
The ranking examined how integral the school and its alumni were in getting the company off the ground, from instilling the motivation in the mind of the entrepreneur to helping find staff and funding. A size threshold (responses from at least 15 entrepreneurs at each ranked school) was applied too.
When all these factors were analysed, US schools accounted for 15 out of the 25 ranked programmes.
At California-based Stanford , a third of graduates from the class of 2012 started their own company. The school came joint-first with Babson’s Olin for motivating students through the skills gained during their MBA. Stanford’s entrepreneurial spirit extends beyond those graduates who set up their own company. “I did not start a business but I am able to apply the entrepreneurship mentality to my corporate job,” one graduate told the FT as part of the data gathering process.
Stanford is also placed first for the extent to which alumni support one another when starting a company. “Stanford GSBers help each other,” another graduate added.
Olin, based in Massachusetts, rose to second from eighth in the previous year. Nearly half of its graduates — 46 per cent — started their own company.
One graduate praised its faculty’s practical role in instilling the entrepreneurial spirit: “[They] ensure that students learn how to tackle the real world challenges of starting companies.”
The ranking also includes schools from China, Costa Rica, France, Mexico, Spain and the UK. Spain’s IE Business School, placed eighth, is the top non-US school. London Business School and Iese Business School, also from Spain, complete the top 10.

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