BI’s joint EMBA programme ranked number 29 in the world by FT

16 October 2023

Two BI Norwegian Business School programmes feature in the Financial Times 2023 ranking of the 100 best Executive MBA programmes in the world.

“The ranking includes the most influential business schools in the world and recognises BI as a top international school. As this ranking clearly shows, top ranked schools are increasingly collaborating with other schools to develop the best programmes. The strategic partnership with School of Management Fudan University is important to give our candidates the expertise required in today's global business society,” says Karen Spens, President at BI Norwegian Business School. 

President of BI Norwegian Business School, Karen Spens

“BI’s strategy to collaborate with one of Chinas top Universities has been important for students and businesses. Knowledge has become an arena of international competition and collaboration. With our partnership with School of Management Fudan University in Shanghai, we are doing what the best ranked EMBA programmes do: combining the strengths of two schools and two cultures thereby offering students the best of both,” Spens adds.

This is the 23rd edition of the FT’s annual ranking of the top EMBA programmes for senior working managers. Data for the ranking is collected using two online surveys, the first completed by participating schools and the second by alumni who completed programmes in 2020.

High salary growth

The ranking is based on 16 indicators in total with salary (salary today and salary increase) being the most important criteria with a total weight of 33 percent. The BI-Fudan MBA receives the fourth highest result worldwide in terms of salary growth, which accounts for 17 percent of the total score in the ranking, with an average salary increase of 99 percent between the graduates’ current salary compared to when they started the programme.

“All programmes on FT’s exclusive short list are characterised by high quality. Although there may be large fluctuations on the different rankings and indicators, it is important for us as an institution to be able to compare our programmes to global peers, as they are used as benchmarks for both students and institutions to assess the quality of global education providers,” explains Spens. 

Top two on Carbon Footprint Rank

BI’s EMBA is ranked 2nd best on FT’s Carbon footprint rank criterion, which is calculated using the net zero target year for carbon emissions set by the university or school, and is publicly available. BI’s EMBA also scores particularly well in terms of ESG factors and is ranked as the 28th best on FT’s composed ESG rank, which measures the proportion of core courses dedicated to ethical, social and environmental issues for the current and recently completed classes.

“One of BI’s core values is to act with responsibility. This means contributing to sustainable development and corporate responsibility by working in alignment with UN Sustainable Development Goals (SDG) and UN Principles for Responsible Management Education (PRME), and integrating them into our research, teaching, operations and collaboration with stakeholders,” says Lise Hammergren, EVP of Executive Programmes at BI.

Both EMBA programmes provide leaders with the necessary skills, tools, and confidence to effectively confront the challenges faced by their companies. The programmes are module-based, which makes it possible to combine studies and a career. Both programmes share the set of elective courses which allow students to get international course experience from business schools in the US, Spain, Sweden, Singapore and Germany.

You can see the full ranking here.


  • The partnership between BI and School of Management Fudan University is one of the oldest partnerships between a Western business school and a Chinese university, with over 3000 Chinese managers currently holding an MBA from BI. 
  • BI's EMBA is ranked 99 out of 100 schools in 2023. In 2022 the BI-Fudan MBA was ranked as number 46, and BI’s EMBA was ranked as number 83.
  • The ranking of part-time EMBA programmes is based, among other things, on students’ career development, salary development and the school’s academic profile. The FT also assesses the proportion of international students, diversity, academic resources and research, in addition to international course experience and ESG rank. 
  • The FT has a total of nine programme rankings, and BI usually participates in five of these: Masters in Management, Masters in Finance, Executive Education – Open, Executive Education – Customized, and Executive MBA.
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