The Endowment Gap

When it comes to money in the bank, European business schools are far behind their U.S. counterparts

U.S. business schools have been quite efficient at raising money from their alumni and other donors, while European schools have lagged behind in building endowments. Here's a look at the endowments of the top five U.S. schools, according to BusinessWeek's latest full-time MBA rankings, and the endowments of their European counterparts.

U.S.
Chicago	$449.5
Pennsylvania	$691.0
Northwestern	$728.0
Harvard	$2,800.0
Michigan	$390.1
Europe
IMD (Switzerland)	$24.6
London Business School (Britain)	$16.0
INSEAD (France)	$165.0
ESADE (Spain)	$4.7
IESE (Spain)	$56.0

In millions, as of June 30, 2007
Source: BusinessWeek research