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Wharton tops 2025 FT MBA ranking despite strong European competition

The best MBAs are holding their own amid challenges from alternative courses and concerns for the degree’s future

Two US business schools — Wharton and Columbia — top the 2025 FT Global MBA Ranking, while five of the next six leading institutions are in Europe.

Iese in Spain is ranked third, followed in joint fourth place by Insead of France and Singapore and Bocconi in Italy, ahead of MIT’s Sloan School of Management in the US, London Business School in the UK and Esade of Spain, which jumped sharply up the ranking this year.

China Europe International Business School (Ceibs) in Shanghai is top in Asia, in 12th place, while nearby Shanghai University of Finance and Economics: College of Business is joint 15th.

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