FT ranks BI as one of the best business schools in Europe

4 December 2023

The Financial Times ranks BI among the 40 best business schools in Europe in its composite European Business Schools Rankings for 2023.

BI is ranked as number 39, up from number 48 last year as the second-best school in the Nordic region, trailing Stockholm School of Economics ranked as number 23. In total, eight Nordic schools are featured among the 90 schools that have made it onto the list.

“This ranking shows that students at BI can be sure that they receive one of the best and most competitive business educations in Europe. This ranking is important for us in recruiting top students and the best faculty to continue developing our programmes and raise the standard in a constantly changing educational market, “ says Karen Spens, President at BI Norwegian Business School. 

The European Business School ranking is based on the FT’s rankings of MBAs, executive MBAs, Masters in Management and custom and open-enrolment non-degree executive education courses.

Each of the rankings measure the schools’ quality and the breadth of programmes on a number of indicators ranging from salaries, career progress, female faculty to international course experience and mobility.

HEC Paris French school is ranked as number one for the fifth consecutive year, while London Business School retains second place, ahead of IESE Business School. 

BI Norwegian Business School normally participates in all rankings except full-time MBA, which the school does not offer. 


  • This is the 20th annual Financial Times European Business Schools Ranking. BI Norwegian Business School has participated the past 14 years.
  • The composite rankings are weighted as follows: MBA (25 percent), Executive MBA (25 Percent), Masters in Management (25 percent), Executive Open Programmes (12.5 percent), and Executive Custom Programmes (12.5 percent).
  • The most important criteria are current salary and salary increase for alumni.
  • In addition, schools are ranked on the composition of faculty, including number of faculty with PhDs, number of female faculty, and number of international faculty.
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