Rankings of Business Schools is a favorite past time of the popular media. The Financial Times had the Global MBA rankings for 2010 out this week. Rankings translate to a direct improvement in the B School’s brand. Improvement in Brand translates to the premium they can charge. So here is the ranking and what you can hope to make if you are graduating from the MBA class this year. The students doing MBA from the two B Schools in Europe ie London Business School and INSEAD make less money than the ones in US.Hong Kong UST Business School & the Indian School of Business were ranked 9 and 12 respectively. That puts them ahead of New York’s Stern School of Business; IMD, Lausanne; Yale and Cambridge.Wharton was in the news recently with its offer of an executive education course to its MBA graduates free of charge once every seven years for life. Says Dean Thomas Robertson.

“We can educate our students for today but that doesn’t mean that 20 or 30 years from now—or even less—they won’t need skills in another area,” says Robertson. “We think that is a breakthrough. We’re making a major commitment to our students.”