MBA Rankings

For a general idea of the programs available, rankings provide a good place to start – they are subjective and far from perfect, but useful. There is a lot of controversy about the different methodologies and the big differences in the rankings by different people, so it is a good idea to look beyond them.

Should Rankings Determine Where To Get Your MBA?...

Rankings: you can’t escape them. For some, they are the ultimate determining factor when deciding where to apply to and attend. According to Gareth Howells, Executive Director of MBA, MiF & Early Career Programmes at London Business School (LBS), 75% of LBS applicants “use rankings to assist their decision-making process… or to shortlist schools when deciding which to apply to.” But by only focusing on rankings, you may be limiting your options. Howells cautions students to research the methodologies of each of the ranking sets as there can be “significant variations” in what is being measured. The key is to measure how these criteria align with your goals as a student. For example, 50% of U.S. News Rankings criteria for MBA programs rely on career placement success. Starting salary and employment rates weigh 35% and recruiter-provided feedback weighs 15%. If your goal is to be in a traditional job (e.g. banking and consulting) with a high salary, then focusing on MBA programs that are higher up on the U.S. News Rankings may be helpful. On the other hand, Bloomberg MBA rankings rely more on reputation scores provided by employers. Starting salary combined with job placement rate comprise 20% of the score while the employer reputation score weighs 35%. A nearly-equal weight of 45% is given to the perspectives provided by students and alumni, whose input is not considered in the U.S. News methodology. If you’re interested in overall satisfaction of students and alumni in these programs, then you may want to look more closely at the Bloomberg rankings… Read full story:...

Data error bumps Temple’s Online MBA program from No. 1 to unranked...

Just a few weeks ago U.S. News & World Report crowned Temple University’s Fox School of Business as the school with the best online MBA program in the country. The same day the news came out, a hiccup was discovered: the university had misreported the number of new entrants for 2016–17 who provided their GMAT scores. The data error, per a statement from Temple University President Richard Englert, was caught by Temple’s own team and reported to the publication shortly after the scores went live. On Wednesday, it was announced that, as a result of the error, the North Philly university’s program would be moved to an “unranked” position for the rest of the year and removed from a second, separate ranking. “U.S. News has moved Temple to the ‘Unranked’ category in the Best Online MBA Programs rankings and removed the school from the Best Online MBA Programs for Veterans rankings,” said Robert Morse and Erik Brooks, part of the data team at U.S. News & World Report. “The Fox School of Business originally reported that all 255 new entrants, or 100 percent of the class, submitted GMAT scores,” Morse and Brooks wrote. “The school later informed U.S. News the count of new entrants submitting GMAT scores was actually 50 students, or 19.6 percent.” The next move from Temple? Ordering an independent review of the data reporting process. “The integrity of our data and reporting are paramount,” said Englert in a statement. “After consultation with Provost JoAnne Epps and Fox School of Business Dean Moshe Porat, I have decided to bring in an outside independent analyst to review our data reporting processes, including what occurred in this instance.”… Read full story: Technical.ly...

The Best MBA Programs In The US – And How To Find The Right Fit...

In November, Bloomberg Businessweek ranked Harvard Business School’s MBA program the best in the United States for the third consecutive year. Wharton and MIT Sloan took the second and third spots respectively, with Chicago Booth and Stanford making up the top five. The same names are filling out the top tiers of MBA rankings tables year after year—nine out of Bloomberg’s 10 best graduate business schools of 2017 featured in 2016’s top 10. But there are hundreds of MBA programs in the US, and thousands of MBA candidates are taking the GMAT® exam and the GRE® General Test to apply to business schools each year. How can you make the most out of the MBA rankings? Delve a little deeper First, be assured that the top-10-ranked business schools (listed below) are not the be-all and end-all. Bloomberg’s b-school ranking is based on surveys of recruiters, students, and alumni, as well as data on post-MBA job placement and starting salaries. These are all weighted in different ways—from the employer survey contributing 35% of the school’s overall score, to salary and job placement data, both at 10%. When considering the top-ranked MBA programs, it’s important to look deeper into the rankings—into the methodologies and the data beneath—to find the right fit. Based on Bloomberg’s research, the top three most popular US MBA programs among students are found outside the top 10—at UCLA Anderson, William & Mary’s Mason School of Business, and Johnson at Cornell. But, at the same time, the Virginia-based Mason School of Business ranks outside Bloomberg’s top-50 for its reputation amongst employers, its job placement rate, and post-MBA salaries. Similarly, the University of Washington’s Foster School of Business ranked number one for its job placement rate and 24th for...

Best MBA Programs In Europe – The Ranking Of MBA Rankings...

Following on from the Fortuna Ranking of MBA Rankings for the top U.S. schools, here is the league table for European business schools, looking at their 2017 standing across the four major MBA rankings. The results provide a valuable snapshot of performance as measured by the different methodologies used by Forbes, the Financial Times, The Economist, and Bloomberg BusinessWeek. But before we get to those results, and their potential impact on deciding where to apply for your MBA, there are three fundamental questions to ask yourself as you start your research to find the right business school for you. The answer to the first question is highly personal, but the answers to the second and third questions are slowly redefining the business education landscape. 1. Why do you want to go to business school? This first question features in many MBA applications, and there is no one right answer. Whether to make a career switch, accelerate your earnings, build your international credentials, learn new skills, expand your network, or simply enjoy a wonderful study experience, the professional, financial and personal rewards of studying at one of the world’s top business schools are compelling. My co-director at Fortuna Admissions, Caroline Diarte Edwards, reviewed many thousands of applications during her seven years as Director of Admissions at INSEAD. She observes that the one key action to dramatically improve your MBA application is to spend a considerable amount of time on self-reflection – no matter where you are in the process. “The admissions office doesn’t just want to hear about your academic excellence and professional experiences. They want to know who you truly are and what motivates you. And that includes insights on why you really want to do an MBA.” 2....

MBA Rankings: Take With A Pinch Of Salt

The MBA is a global phenomenon. From its humble beginnings with four students taking the Master of Science in Commerce at Dartmouth College’s Tuck School more than a century ago, it is now the world’s most popular postgraduate program. In 2011/12, the latest year for which figures are available, 191,571 students graduated from U.S. universities with masters degrees in business, up 65% on a decade before and a 620% increase on the figure 40 years ago. Business courses now make up more than a quarter of all masters degrees, compared with one in four as recently as 2000. All this makes MBAs big business. Average tuition for a two year MBA is around $60,000, although factoring in living costs and other expenses can take the total cost from a leading business school up towards $200,000. Add the opportunity cost of quitting a job for two years and it becomes more eye-watering still. Little wonder that prospective MBA students spend many hours scouring ranking tables to try to work out if that investment is going to pay off. And when faced with such a bewildering choice of business schools, these rankings are invaluable. They allow students to compare business schools on a range of factors, from the average score in admission tests of new entrants to the salary bump for graduates…Read full story:...

Insead tops ‘Financial Times’ MBA rankings...

Insead, the business school with campuses in France, Singapore and Abu Dhabi, has topped the Financial Times’ Global MBA rankings for the first time since they were introduced in 1999. This is the first time that an MBA programme with a substantial Asian presence has been ranked number one by the Financial Times , and marks a growing interest from elite students in Asian business and business schools. Insead is still the only top-ranked business school to teach its full-time MBA on multiple campuses, with 75 per cent of the 1,000 students studying in Singapore or in Fontainebleau, just outside Paris. It is also the first time a one-year MBA programme has been ranked in the top slot. The flagship MBA programmes of the four previous winners – Harvard Business School, Stanford GSB and the Wharton School at the University of Pennsylvania in the US, and London Business School in the UK – are all two-year degrees. These schools have been ranked in the top five slots along with Insead for the past three years by the FT. The full-time MBA programme at UCD Michael Smurfit Graduate Business School has been ranked 79th in the world and 24th in Europe in the survey. The school had been ranked 73rd in the 2015 rankings. The Insead MBA was the world’s first one-year programme when it began in 1959, though many others have followed. As the cost of studying for an MBA has steadily risen, many students are wary of taking on the debt associated with two-year degrees – students are frequently more than $100,000 in debt when they graduate. Though fees and living costs can be substantial, it is often the opportunity cost of lost salary that is the biggest...

The 19 best online MBA programs

An MBA can be a shortcut for ascending the career ladder and boosting your salary. While attending one of best b-schools in the world can be an attractive option — Business Insider published its list of the world’s 50 best business schools in December — for some working professionals it’s not feasible, making online programs a great alternative. U.S. News & World Report recently released their ranking of the best online MBA programs, evaluating schools based solely on data related to their distance education MBA programs in five categories: student engagement, admissions selectivity, peer reputation, faculty credentials and training, and student services and technology. (You can read a full breakdown of the methodology here.) Note that because of multiple ties, the ranking only goes through No. 15. Temple University’s online MBA program took the top spot, followed by Indiana University at Bloomington, and University of North Carolina at Chapel Hill. Read on for the rest of the 19 best online MBA programs in the country, according to U.S. News.Read full story: Business...

The Top Business Schools for Networking

Online graduate school guide graduateprograms.com has published its list of the top 25 business schools for networking. Over 13,000 business school students and alumni were surveyed and asked to rank their schools’ network quality on a scale of one to 10. Networking is amongst the foremost components of professional life. For MBAs, a business school is a networking nirvana; a melting pot of aspiring business leaders, experts and entrepreneurs providing an endless pool of potential partners, colleagues, employers and employees. Stanford GSB took first position with a network quality of 9.90. Columbia and Harvard made up the top three. INSEAD came close behind in fourth position with 9.75; its Fontainebleau campus the chief networking hub in Europe. With the rankings dominated by US schools, INSEAD along with London Business School in ninth fly the flag for Europe. Making up the rest of the top ten are Texas A&M University and Chicago’s Booth School in joint fifth; the University of North Carolina at Chapel Hill in seventh; the University of Pennsylvania’s Wharton School in eighth; and Cornell University: Johnson in tenth. Exposure to a strong network of business professionals is crucial for an MBA’s future career development. MBA applicants choosing and comparing business schools will always have networking opportunities at the forefront of their minds. The top business schools for networking boast an impressive array of high-level alumni. Stanford’s influential MBA alumni include the CEO of eBay, John Donahoe, and the chief executive of General Motors, Mary Barra. Harvard yields an impressive amount of top CEOs including the CEO of JPMorgan Chase, Jamie Dimon, and the CEO of General Electric, Jeffrey Immelt. INSEAD is also a breeding ground for successful professionals, including the CEO of Lloyds Banking Group, Antonio Horta-Osorio,...

MBAs Are Part Of The Problem, Not The Solution...

In my early days as a financial journalist, I worked for the Anglo-French publisher Sir James Goldsmith. Although I can’t say I knew him well, he was a presence around the building, and he went on to provide a fulsome commendation for a book I published in 1995. One of his memorable characteristics was his scorn for MBAs, whom he viewed as at best overeducated windbags. Hardly an ivory tower theoretician, he had never been to university but nonetheless ranked as one of Europe’s wealthiest self-made tycoons. He had thus earned his right to an opinion. Nothing I have learned in the interim (in a career spent mainly in the United States and Japan) has undermined my confidence in his skepticism. Quite the contrary. Perhaps the most telling evidence against the value of a business school education is in the various attempts to rank business schools around the world. There seems to be an inverse law at work: those nations with the most lackluster economies seem to score highest in the business school rankings. Meanwhile nations with outstandingly successful economies are nowhere in the rankings. Take the latest Financial Times list. No fewer than fifty schools in the top 100 are in the United States alone. Meanwhile the United Kingdom boasts thirteen, Canada five, Australia three, and Ireland one. Thus the total for the Anglophone bloc is 72. Not bad for nations boasting less than 7 percent of the world’s population…Read full story:...

What the FT Global MBA rankings tell us

Top spot in the 2015 Financial Times Global MBA ranking of the 100 best full-time MBA programmes goes to Harvard Business School, which saw off challenges from London Business School (second) and the Wharton School of the University of Pennsylvania (third) to keep its crown. Stanford Graduate School of Business, second last year, slipped to joint fourth with Insead. The ranking is based on surveys of the business schools and their graduates of 2011. MBA programmes are assessed according to the career progression of alumni, the school’s idea generation (see Key to the 2015 rankings) and the diversity of students and faculty. It is the sixth time Harvard has topped the ranking and the third year in a row. Its alumni have the highest average salary three years after graduation, at $179,910 (weighted), nearly doubling their pre-MBA pay. Harvard is among the top schools for career progression and its MBA was the most highly recommended by graduates of other schools. It also comes second for research and its doctoral programme. Harvard alumni cite the impact of the school’s reputation. “Harvard Business School has opened a lot of doors and made people almost irrationally willing to hire me,” wrote one graduate. Graduates can also rely on a large and active network. “Alumni are incredibly generous with their time,” said another graduate. “Everyone will meet you for a coffee to share insights, advice and introductions.” The University of San Diego School of Business Administration is the highest new entrant, at 66th. Nine other schools not in last year’s ranking feature in 2015, including Queen’s School of Business in Ontario, which last reached the top 100 in 2006. China’s Fudan University School of Management and the UK’s Lancaster University Management School recorded...

U.S. News & World Report Ranks Best Online MBA Programs for the First Time...

Choosing a high-quality online MBA program may have just gotten easier with the addition of its own rankings category from U.S. News & World Report. For the 2015 Best Online Programs rankings, Best Online MBA Programs has become its own category for the first time. Non-MBA business programs are still covered under the Best Online Graduate Business Programs category. Online programs are becoming more common. One in four students in the fall of 2012 took at least one online course, according to the National Center for Education Statistics. Since MBA students are often working professionals, online classes can be a more convenient option. A unique set of data was used to create the rankings for Best Online MBA Programs. Reputation and the selectivity of a school’s admission process are important factors for most online MBA programs, so they were important factors in the rankings for this category as well. Five categories were used to create the Best Online MBA rankings, with varying weight per category. Student engagement makes up 28% of the score, admissions selectivity makes up 25%, peer reputation makes up 25%, faculty credentials and training makes up 11% and student services and technology makes up 11%. Only 195 schools met all the credentials to be included in the 2015 Best Online MBA rankings. Indiana University, Temple University and the University of North Carolina tied for the No. 1 spot in the Best Online MBA rankings. Here are the schools that made the top ten online MBA programs for 2015: 1. Indiana University—Bloomington (Kelley) 1. Temple University (Fox) 1. University of North Carolina—Chapel Hill (Kenan-Flagler) 4. Arizona State University (Carey) 4. University of Florida (Hough) 6. University of Texas—Dallas 7. Carnegie Mellon University (Tepper) 7. Pennsylvania State University—World...

The Top Ten MBA Rankings Of 2014

Look at any one major business school ranking and you get a useful but quite limited view of programs and institutions. And as this year’s volatility in the Bloomberg Businessweek ranking shows, different methodologies may produce surprising, or even dubious results. To obtain, via rankings, a more comprehensive and realistic picture of the business school ecosystem and its individual components, it’s necessary to make use of a number of rankings. Fortunately, for year’s end, Poets&Quants has compiled a rankings collection almost certain to be found nowhere else – a clearinghouse of school-by-school information, viewed from every relevant angle. And beyond the Top 10 rankings, we’ve provided links to another 10 rankings that will further fill in the business school picture with even more perspectives, measurements, and details. The Top Ten Business School Rankings of 2014: 1. Poets&Quants’ 2014 Top 100 MBA Programs in the U.S. In the clash of the titans, a new victor emerges. For the first time since Poets&Quants debuted its composite ranking, Stanford Graduate School of Business edged out Harvard Business School. This ranking combines the five most influential business school rankings in the world, weighting them according to their degree of authority and credibility. The composite methodology cuts out many of the major rankings’ deficiencies, producing a list that’s now consulted more than The Economist’s. 2. Poets&Quants’ 2014 Best International Business School Ranking Outside the U.S., European business schools dominate the high end of the MBA program spectrum. The U.K. and Spain each claim three spots in the top 10. One fast-rising star is Cambridge University’s Judge Business School, whose six-position rise over 2013 was matched by an Asian institution, the National University of Singapore’s business school, which finished 14th. 3. The Best Online MBA...