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.

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...

The Sum Of All The Business School Rankings

In the turbulent world of business school rankings, 2014 will go down as a vintage year. The mixture of celebration and howls of protest that accompanied the results of the Bloomberg BusinessWeek MBA ranking that published on earlier will endure for another two years, before the pioneer of MBA rankings publishes its next results. Biased? Maybe. Flawed? Probably. Limited? Certainly. Business school rankings are an ongoing source of controversy. And the annual Ranking of the MBA Rankings compiled by MBA50 for 2014, which combines the results of the big major MBA rankings of the last 12 months by region, is not short of surprises and upsets. There is a new #1 among the top US business schools, as well as the business schools of Canada and Asia. A snapshot of the results appears at the end of this article. Harvard Business School, Stanford GSB and Chicago Booth – which one ranks #1 in 2014? Harvard, Stanford and Chicago – which one ranks #1 across all the MBA rankings of the last 12 months? Having invested a small fortune to get your MBA from a top school, I can understand the disappointment when the business school you graduated from tumbles in business school rankings. You’ve invested in a brand name, and want that investment to endure. But as you review what each of the five major media rankings sets out to measure – and the methodologies are different for each ranking – remind yourself of their inherent shortcomings, and think about what the two years has done, or will do for you both personally and professionally. That should add up to far more than a handful of places on a media ranking. Even the editors of the rankings, who see...

Best Business Schools 2014: Duke Tops Full-Time MBA List, Harvard Slips...

There is a new top dog in American business education: Duke University’s Fuqua School of Business. The Durham (N.C.)-based school has claimed the No. 1 spot in Bloomberg Businessweek‘s 14th biennial ranking of full-time MBA programs, part of a shakeup that dethroned University of Chicago’s Booth School of Business and also knocked elite rival Harvard Business School out of the top five for the first time in the history of the ranking. Fuqua, which was ranked No. 6 in the most recent Businessweek ranking, rose to the top spot, thanks in large part to employers’ esteem for its graduates. Bloomberg Businessweek ranks schools on three measures: how company recruiters rate MBA hires in a survey that accounts for 45 percent of each school’s score; how graduating MBAs judge their program in a separate survey that makes up an additional 45 percent; and a tally of faculty research published in esteemed journals, which constitutes the remaining 10 percent. We changed our employer survey from the last ranking cycle to better reflect the breadth of the recruiting landscape and to collect more data on how well MBAs do in the workplace. Some 1,300 recruiters were surveyed, up from 206 in 2012, and they were asked to rate schools on how well their graduates performed in the areas most important to employers. Fuqua students got high marks from recruiters, particularly those from companies that hire large numbers of MBAs, and these were given additional weight in the ranking. In our survey, recruiters noted that Fuqua students are exceptionally good at working collaboratively. “To be a great leader, you need to be great in a team setting, and I think that’s where we get credit from employers,” says Fuqua’s dean, Bill Boulding. Students...

MBA Rankings: Online And Full-Time Programs’ Ranks Demystified...

Business schools go to great lengths to improve their programs’ MBA rankings, which is probably motivated by how much value MBA candidates place in them. Where a school is placed in a certain ranking greatly influences applicants’ study choices. Rankings are one of a few ways in which business schools are utilizing big data, collating information on everything from career statistics to faculty credentials. The big rankings providers – the FT, Bloomberg Businessweek and The Economist, to name but a few – also muster considerable resources to deploy this data to the business school world. So you should probably understand how each ranking is formed, to better inform your choices. The graphic below, provided by the Whitman School of Management, provides an overview of how five major publications are ranking the world’s MBA programs – for both online and on-campus courses. Read full story:...

The world’s best business programmes

For the fourth time in five years, the University of Chicago’s Booth School of Business tops The Economist’s ranking of full-time MBA programmes. Even as banking jobs have become scarcer, Chicago, famed for its prowess in finance, has maintained a strong record of placing students in work. Last year 94% of graduates were employed within three months of leaving. Fifteen of the top 20 schools are American. However, HEC Paris, the top European school, has climbed four places to fourth, mostly because of the impressive salaries its graduates get. The University of Queensland is the top-ranked school outside America and Europe. This is the 12th time we have published the ranking. Each year we ask students why they decided to take an MBA. Our ranking weights data according to what they say is important. The four categories covered are: opening new career opportunities (35%); personal development/educational experience (35%); increasing salary (20%); and the potential to network (10%). The figures we collate are a mixture of hard data and subjective marks given by the students.Read full story: The...