Going back to the idea that the value of an MSc, particularly a vocational one, is externally determined, I looked up the top 100 QS ( because we were discussing it) and Financial Times (guessing that it is relatively market driven) MBA programmes for 2024.
Here is the breakout for UK vs USA. The numbers are the rankings:
QS Rankings
UK: 5, 7, 18, 19, 30, 47, 58, 68, 72
USA (including about 5-6 programmes with similar pedagogy in Canada, Mexico and Costa Rica):
1, 2, 3, 4, 8, 11, 13, 14, 15, 16, 17, 22, 23, 31, 34, 35, 37, 39, 42, 44, 50, 54, 56, 57, 59, 60, 62, 64, 66, 68, 72, 72, 72, 76, 76, 83, 84, 85, 86, 88, 90, 91, 92, 94, 95, 95, 98
QS is the less formally constructed league table. When you consider that the UK is about 1/5 the size of the US, it is holding its its own, except the the top 4 places are all American.
The FT Rankings:
UK: 8, 26, 29, 39, 46, 54, 60, 68, 78, 80, 86
USA etc: 1,3, 6, 7, 9, 10, 11, 12, 14, 15, 16, 18, 19, 21, 23, 30, 33, 33, 38, 40, 42, 42, 44, 48, 49, 51, 53, 55, 55, 59, 62, 69, 70, 76, 81, 82, 83, 84, 86, 86, 90, 93, 100.
The overall ratio is very good but the difference at the top striking. The UK has only one entry in the top 25. It has 1/3 as many entries ranked above 50 as the US does, with 1/5 the population.
This is not bad at all; the world’s top 100 MBA programmes by any metric are all very good. However even though it’s not Harvard at the top of either league table, the preponderance of American schools at the top of these league tables and others suggests that the world does recognise the value of the 2 year MBA programme.