Business school rankings should have wider criteria

Business school rankings should have wider criteria

We, the undersigned business and civil society leaders, academics and representatives of business-school accreditation agencies, congratulate the FT on announcing a “complete review” of its business school rankings methodology. We have recently undergone a sweeping consultation ourselves, culminating in a report launched at Davos. We hope that our findings will be of use to Work & Careers editor Isabel Berwick and her team as they undertake such an ambitious project, and we are pleased to offer our assistance. More generally, we would like to express our support for the efforts of rankings publications to incorporate environmental, social and governance criteria into evaluations, in recognition of the significant risks and opportunities associated with these issues.

We laud the FT’s first step in that direction with its introduction of a CSR criterion, as business schools tend to be significantly influenced by these criteria. We hope that, in response, business schools will truly integrate such issues into their curricula.

The report references other changes as well. Rankings could be improved by de-emphasising salaries, crediting schools that educate graduates who work for non-profits, creating space for practical knowledge, and other suggested actions that would prepare business school graduates for the 21st century. We hope that additional criteria will go beyond narrow numerical metrics, allowing for variation as business schools pursue different goals.

We are willing to collaborate with rankings publications as we all move toward a conception of business and finance as tools for building a safer, fairer, and more sustainable world. Business schools play an influential role in society to guide future decision makers in the choices they make, and we support efforts to prepare the next generation for what lies ahead.


Chris Higson

Academic Director, Finance Programmes, London Business School


Chris Moos

Academic, Saïd Business School, University of Oxford


Christoph Loch

Dean, Cambridge Judge Business School


Clémentine Robert

President, oikos International


Colin Melvin

Partner, Arkadiko Partners


David Pitt-Watson

(co-author), Executive Fellow, Cambridge Judge Business School


Donna Rapaccioli

Dean, Gabelli School of Business, Fordham University


Elizabeth Corley

Senior Advisor and former CEO, Allianz Global Investors; Chair of the Implementation Taskforce on Growing Social Impact Investing in the UK


Ellen Quigley

(co-author), Research Associate, Centre for the Study of Existential Risk, University of Cambridge; Postdoctoral Researcher, Centre for Endowment Asset Management, Cambridge Judge Business School


Elroy Dimson

Professor of Finance, Cambridge Judge Business School


Eric Cornuel

Director General & CEO, European Foundation for Management Development


Frank Blasio

Director of Thought Leadership, Coalition for Inclusive Capitalism


Hanane EL Kouari

Executive Director, Association of African Business Schools


Ivo Matser

CEO, Academy of Business in Society


Jane Stevensen

Director, JS Global


John Belgrove

Senior Partner, Aon


John North

Executive Director, Globally Responsible Leadership Initiative


Julia Christensen Hughes

Dean, College of Business and Economics, University of Guelph


Julian Huppert

Director, Intellectual Forum, Jesus College, University of Cambridge


Katrin Muff

Mission Possible Foundation


Lauren Xie

Pershing Square Scholar, University of Oxford


Lise Kingo

CEO and Executive Director, United Nations Global Compact


Peter Tufano

Peter Moores Dean, Saïd Business School, University of Oxford


Robert Eccles

Professor Emeritus, Harvard Business School; Visiting Professor, Saïd Business School, University of Oxford


Sangeet Chowfla

President and Chief Executive Officer, Graduate Management Admission Council


Sarah Carter

Executive Director, Centre for Endowment Asset Management, Cambridge Judge Business School


Seán Ó hÉigeartaigh

Executive Director, Centre for the Study of Existential Risk, University of Cambridge


Simon Beard

Research Associate, Centre for the Study of Existential Risk, University of Cambridge


Steve Waygood

Chief Responsible Investment Officer, Aviva Investors


Thomas Dyllick

Professor Emeritus, University Delegate for Responsibility and Sustainability, University of St. Gallen


Mette Morsing

Senior Adviser to UN PRME


Author: Chris Higson and others 

Source: Financial Times




All, 2019