University of Chicago Booth School of Business Tops Economist’s Rankings
The Economist released its 10th annual ranking of full-time MBA programs yesterday, and the University of Chicago Booth School of Business seized the top spot, advancing from second position last year. According to the Economist analysis, Chicago Booth’s top ranking reflects the fact that its students find jobs in the widest range of industries and gush about the school’s career services. It also provides proof, according to the Economist, that rather than just a finance powerhouse, Chicago Booth’s is a well-rounded MBA program.
The Tuck School of Business at Dartmouth, ranked number one last year, fell to number two in this year’s ranking. The University of Virginia’s Darden School of Business inched up from fourth last year to third this year, and Harvard Business School and Columbia Business School rounded out the top five, coming in at fourth and fifth respectively (up from fifth and seventh last year).
Spain’s IESE ranked highest among European MBA programs, at ninth. Switzerland’s IMD came in tenth, a backslide from last year’s third place finish. North America and Europe account for all the schools in the top 25. In terms of MBA programs outside of North American and Europe, the highest-placed school this year is the University of Queensland, at 27th, and the highest placed Asian school is the University of Hong Kong, at 41st.
In compiling its rankings, the Economist asks students about why they pursued an MBA and weights corresponding data according to what students say is important. The categories considered and their corresponding weighted importance are: opening new career opportunities (35%); personal development/educational experience (35%); increasing salary (20%) and the potential to network (10%). Data were collected in spring 2012 via two web-based questionnaires, one distributed to business schools and another to current students and recent graduates. Student and alumni ratings make up 20% of the total ranking, and 80% is based on data provided by schools.
For the full ranking of the top 100 schools, including analysis from the Economist on why European programs slid this year, click here.
As always, those of us here at Clear Admit encourage prospective applicants to use this and any other ranking as one of many resources when determining which MBA program will be best suited to meet your individual needs and goals.
Related articles
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- Business School as Incubator? One Business School Student’s Tips (clearadmit.com)
- Trivia Tuesday: Chicago Booth’s Academic Calendar (clearadmit.com)
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