In the recently released 2023 THE subject ranking, the LUT School of Business and Management is one of the world’s top 150 business schools, placing 126–150th. In addition, the school is the second best Finnish business school listed in the ranking.
The LUT School of Business and Management has skyrocketed in THE rankings over the past few years. In 2019, its placing was 301–400th, and the position has improved each year. In 2022, the school was already 175th.
”It's been great to see our school climb global rankings. It shows that our research and education are world-class,” says Sami Saarenketo, dean of the LUT School of Business and Management.
LUT's business school was Finland’s first in citations.
“When other researchers cite our research, it indicates our work is scientifically relevant. We have spent years building a strong research culture that highlights sustainable business and the digital economy in accordance with our strategy,” Saarenketo says.
According to Saarenketo, the school also works continuously to improve its teaching:
“As an outcome, we were awarded AACSB accreditation this spring.”
AACSB accreditation, granted by an independent panel, is an indication of high quality in education and research. AACSB stands for the Association to Advance Collegiate Schools of Business.
The LUT School of Business and Management claimed second place nationally in the THE ranking in terms of research and teaching.
Anni-Kaisa Kähkönen, the school's vice dean, says the LUT School of Business and Management has made lengthy efforts to improve the quality of its research. The scientific level of the school’s publications keeps rising each year.
“In recent years, we have focused on honing the quality of our papers. Successful outcomes are rewarded with bonus systems, and top publications are celebrated collectively. This encourages and inspires researchers to aim higher,” Kähkönen explains.
There are roughly 16 500 academic business schools in the world.
Times Higher Education (THE) publishes annual performance-based rankings of world universities. The rankings evaluate the reputation of universities in the fields of research and teaching and employ indicators such as research productivity, citations, staff-to-student ratio, industry income and international outlook.
“The basic operation of the LUT School of Business and Management is at a very good level, and we are doing well in terms of essential indicators such as research, teaching and citations,” says JariHämäläinen, LUT's vice rector.
Hämäläinen considers the school’s ranking position a good one because of the large number of business schools in the world and the increasing competition between them: “Based on the number of citations, the LUT School of Business and Management has been able to publish relevant papers in the right forums: other researchers want to cite our work.”
The THE World University Rankings are THE's best-known and one of the world’s most highly regarded university rankings. The latest ranking list was published on 12 October 2022, and it placed LUT University in the global top 350.