A comprehensive archive of all Clear Admit MBA Blog posts covering graduate business school rankings according to leading news and media agencies.
Poets&Quants today released its 2013 composite ranking of the best full-time MBA programs in the United States, revealing that very little has changed since last year. In fact, the top eight programs this year are exactly the same, in the same order, as they were last year. The only change among the top 10 schools was that ninth and tenth place last year (Berkeley’s Haas School of Business and Duke University’s Fuqua School) flip-flopped this year.
P&Q arrives at its rankings by weighing five other leading MBA rankings: Bloomberg BusinessWeek, the Economist, the Financial Times, Forbes, and U.S. News & World Report. The composite ranking, P&Q asserts, helps reduce flaws in the other rankings caused by faulty survey technique, biased methodology or other issues. “The composite index tones down the noise in each of these five surveys to get more directly at the real signal that is being sent,” reads the P&Q report. Continue reading…
In the United States today, nearly four times as many students earn an MBA as earn a law degree, a ratio that was one to one a mere 40 years ago. Even as American demand begins to level off, students in emerging markets, especially India and China, are flocking to the degree in growing numbers. But against this backdrop of swelling popularity, prospective MBA applicants are taking a hard look at the potential return on investment as never before. As follow up to its rankings, released last week, the Economist examined these and other important shifts in the MBA landscape as part of an article published over the weekend.
Data from the Economist’s most recent rankings show that the average basic salary for MBA graduates has dropped $1,500 in the past five years, to $94,000. Meanwhile, student surveys the Economist conducted as part of its rankings reveal that students are more focused now on how much they stand to make post-MBA than they were before the economic crisis. Moreover, as salaries have fallen, tuition has climbed. At the University of Chicago Booth School of Business, ranked No. 1 in the Economist 2013 rankings, tuition has gone up by $17,000 since 2008, to $112,000. At Harvard Business School (HBS), it has increased by $25,000 in the same time period. Continue reading…
The Economist’s annual ranking of full-time MBA programs is out, and the University of Chicago Booth School of Business has taken the top spot again, a position it’s held three of the last four years. Unlike the Forbes ranking released earlier this week, which ranks U.S. schools and international schools separately, the Economist compares MBA programs from around the globe. U.S. programs snagged the top four spots, and 16 of the top 25.
To compile its rankings, published for the 11th time this year, the Economist surveys MBA students about why they decided to pursue the degree and weights the data collected as follows: opening new career opportunities (35 percent), personal development/educational experience (35 percent); increasing salary (20 percent); and the potential to network (10 percent). Continue reading…
Stanford Graduate School of Business (GSB) reclaimed the top spot in the Forbes 2013 biennial ranking of MBA programs, released today. The University of Chicago Booth School of Business took second, bumping Harvard Business School (HBS), which topped the list in 2011, to third place. The University of Pennsylvania’s Wharton School followed up the lead in fourth.
Forbes, which ranks full-time MBA programs every two years based on return on investment, found that at the top 25 programs in the United States, the degree still pays off, although it takes longer to do so. For the Class of 2008, the class surveyed for this year’s ranking, the average payback period was 3.7 years, as compared to 2.7 years a decade ago, Forbes reports. Continue reading…
There are numerous sources that can knowledgeably rank the “top” MBA programs. However, because business schools receive different rankings depending on the sources’ criteria, it can be difficult to understand which are the “best” schools. Therefore today we’d like to talk about how b-school applicants can use rankings to discover the “best” schools—for them. Although the general merits of each school are important, we also believe that it is important for MBA applicants to rank schools based on their individual needs and interests. Therefore we encourage students to use official MBA school rankings in the following ways:
1. Use rankings to create a consensus. Sources rarely have the exact same rankings as each other, and therefore trying to determine the “top five” schools can be frustrating. However, it’s best to compile these different sources of rankings to form a consensus regarding the top schools. Continue reading…
U.S. News & World Report released its annual ranking of business schools yesterday, revealing little change at the very top from last year. Harvard Business School and Stanford Graduate School of Business tied for first, and the University of Pennsylvania’s Wharton School came in third again.
Massachusetts Institute of Technology’s Sloan School of Management and Northwestern University’s Kellogg School of Management tied for number four. Last year, the University of Chicago’s Booth School of Business shared in a three-way tie for that spot, but this year it slipped down to sixth. Continue reading…
Harvard Business School (HBS) returned to the top of the Financial Times (FT) MBA rankings for the first time in eight years, displacing Stanford Graduate Business School, which held the top spot last year. This year marks the fourth time HBS has held the number one spot in the ranking’s 15-year history.
According to FT Business Education Editor Della Bradshaw, HBS was able to rise to the top of the rankings thanks in part to its new dean. “One of the things we measure in our rankings is the international perspective and achievement of the programs,” Bradshaw said in a video interview on the FT site. “Dean Nitin Nohria, who is the first Harvard dean born outside North America, has taken over and has brought that ethos to the school,” she continued. HBS also has added new compulsory oversees elements for its students as part of its MBA program, which Bradshaw believes may have helped HBS regain ground as well. Continue reading…
IE Business School of Spain knocked HEC Paris of France from the number one spot it had held for the past six years in the most recent ranking of European business schools from the Financial Times, which were announced this week.
The FT ranking is based on the indexed scores achieved by schools this year in five individual rankings – for MBAs, executive MBAs, masters in management and open and custom executive education. IE participated in the master in management ranking for the first time in 2012, making this the first year the Spanish school was included in all five rankings. HEC Paris, for its part, lost its top rank in part due to its participation in a joint EMBA program with London School of Economics and NYU Stern. As just one-third of the program, HEC Paris received only one-third of the program score. “In effect, HEC’s 4.33 programs lost out to IE’s five programs,” read the FT.
To be sure, the FT stressed, capturing the top spot in the European schools ranking also reflects IE’s strong performance across all of the rankings, including coming in third in the MBA rankings. But competition at the top is growing, with more schools participating in all five rankings, according to the FT.
The top 10 European schools according to the 2012 FT ranking are as follow:
IE Business School
London Business School
University of Saint Gallen
Rotterdam School of Management
In a column today, Forbes magazine took a collective look at all five of the big MBA rankings – its own, as well as those from Bloomberg BusinessWeek, the Economist, the Financial Times and U.S. News – and compiled the results into a “sort of Ranking of the MBA Rankings” for 2012. For prospective MBA applicants looking to make sense of the different rankings, the piece was useful for its succinct summary of the various methodologies each publication employs to arrive at its list.
Though, as the article stressed, they are in overly simple terms, the following provides a valuable cheat sheet to remind yourself which ranking measures which attributes of an MBA program (and, perhaps by extension, which results are most aligned with what you value most in a program). Continue reading…
University of Chicago Booth School of Business, London Business School Top Bloomberg BusinessWeek 2012 Rankings
The University of Chicago Booth School of Business and London Business School topped this year’s rankings of U.S. and international MBA programs respectively by Bloomberg Businessweek. The rankings, released yesterday, employed a methodology shift that resulted in some major shifts for schools toward the bottom of the list but had little impact on the top-tier schools. The basic criteria, however, for how schools are judged remains the same at it has been for the past two decades, namely how well they serve their students and recruiters.
Among U.S. schools, there was no change at the very top, with Chicago Booth, Harvard Business School and the University of Pennsylvania’s Wharton School claiming spots one, two and three respectively, as they did in 2010. There was some minor jostling for position among the remaining schools in the top 15, but the notable shifts were advances by Cornell’s Johnson School of Management and Carnegie Mellon University’s Tepper School of Business and drops by Columbia Business School (CBS) and UC Berkeley’s Haas School of Business. Johnson jumped from 13 in 2010 to 7 this year, and Tepper moved up from 15 to 11. Haas slid, meanwhile, from 8 in 2010 to 13 this year, and CBS likewise fell from 9 to 14. Continue reading…
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). Continue reading…