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HKUST-Kellogg EMBA Regains Global No. 1 Spot; Graduates' Average Salary Exceeds HK$4.7 Million

12 Oct 2026

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The Financial Times has released its latest global ranking of Executive MBA (EMBA) programmes. The programme jointly offered by The Hong Kong University of Science and Technology (HKUST) and the Kellogg School of Management at Northwestern University in the United States has once again topped the world, after 2023, marking the 13th time the programme has ranked global No. 1. Graduates' average annual salary reached US$607,684 (equivalent to over HK$4.7 million). The EMBA programme of The Chinese University of Hong Kong (CUHK) Business School, which also made the list, ranked 18th globally, up 4 places from last year.


📈 Graduates' Salaries Up 69%; Overall Satisfaction Near Perfect
Graduates of the Kellogg-HKUST EMBA programme earned an average annual salary of US$607,684 (equivalent to over HK$4.7 million), a 69% increase compared with before enrolling in the programme. Graduates' overall satisfaction with the programme recorded 9.73 points, an extremely high rating close to a perfect score. The Financial Times Global EMBA Ranking covers key indicators including graduates' career outcomes, faculty research performance, diversity and inclusion, and international experience. A total of 100 universities and institutions made the list this year.


💬 Anselmo: Creating Value for Senior Executives
HKUST Business School Dean Anselmo said the programme has ranked global No. 1 13 times over the past 20 years, reflecting the value it creates for senior executives around the world. He noted that participants are themselves outstanding leaders in their respective fields, bringing their experience and rich backgrounds into the classroom, forming the programme's unique peer-learning environment. "Participants can not only access cutting-edge research findings, but also transform new ideas into strategies and insights for addressing real business challenges." Kellogg School of Management Dean Francesca Cornelli said it will continue to deepen cooperation with HKUST to nurture a new generation of business leaders with forward-looking vision and a sense of responsibility, creating long-term value for Hong Kong, Asia and the global community.


🎓 CUHK EMBA Ranks 18th Globally; Graduates' Salaries Up 85%
The CUHK Business School EMBA programme, which also made the list, ranked 18th globally this year, up 4 places from 22nd last year. Graduates' average annual salary reached US$355,103 (equivalent to over HK$2.78 million), an 85% increase compared with before enrolling. As for this year's top ten, Mainland Chinese institutions took 4 places. The highest-ranked was the Global EMBA programme of China Europe International Business School (CEIBS) at global No. 2, followed by the Global EMBA programme of ESCP Business School at global No. 4; the EMBA programme jointly offered by Peking University's Guanghua School of Management and Northwestern University's Kellogg School of Management ranked global No. 6. Last year's world No. 1, the joint EMBA programme between Fudan University and Washington University in St. Louis' Olin Business School, fell to global No. 8 this year, but its graduates' average annual salary still topped the world at US$649,429 (equivalent to over HK$5.09 million).