Posted by Clear Admit on June 9, 2010, at 1:00 pm
Posted in:  Financial Aid , School: IMD How does diversity in management impact the bottom line? Women applying for the MBA program at Switzerland’s IMD Business School who submit their answers to that question could win CHF 25,000 (Swiss francs) toward tuition as part of a scholarship program announced earlier this month.
The Nestlé Scholarship for Women was initiated by a group of IMD MBAs seeking to encourage more women to consider the degree. It was first awarded in 1997.
One scholarship is awarded each year, with preference given to candidates from developing countries. To be eligible for consideration, candidates must gain admission to IMD prior to submitting their scholarship application and must demonstrate financial need.
Interested applicants are invited to submit an essay of 750 words or less on the impact diversity in management can have on the bottom line. The IMD MBA Scholarship Committee will review all entries before selecting a winner. The deadline for essay submissions is September 30th.
To learn more about the Nestlé Scholarship for Women at IMD, click here.
Posted by Clear Admit on April 29, 2010, at 2:51 pm
Posted in: EMBA , School: Harvard , School: IESE , School: IMD , School: INSEAD , School: Penn / Wharton Business schools throughout Europe have felt the impact of Iceland’s Eyjafjallajökull volcano eruption as its ash has interrupted the flight plans of students travelling to and from executive MBA (EMBA) programs from France to Switzerland to the United Kingdom, the Financial Times reports.
Last week, France’s INSEAD had to cancel two short enrollment programs because not enough participants were able to make it, according to the FT report. “The worst thing for us is students that don’t show up,” INSEAD Dean Miklos Sarvary told the paper with an eye on his bottom line. But because most of those managers will participate in a future version of the program, Sarvary believes the school’s revenues will only be affected in the short term.
Ash from the Icelandic volcano also prevented international participants from reaching EMBA programs at IMD in Switzerland, according to the FT report. About 10 percent of students – most from Japan and the U.K. – failed to make it for last week’s programs, IMD Dean of External Relations Sean Meeham told the FT. Most have signed up for a later program, though, Meeham added.
Other business schools, such as the U.K.’s Ashridge, also reported decreased student numbers as well as “misplaced” faculty – professors who were stuck in one place when they were needed in another. “I have faculty in Dubai, Geneva, Istanbul . . .,” Kai Peters, Ashridge chief executive, told the FT. “I have a customized program beginning in Brazil, but the faculty can’t get there, and open enrollment programs are running in the U.K. but the students can’t get here,” he said. Student numbers at the school were down 30 percent last week and 10 percent for the month, he continued.
In Spain, where airports mostly remained open, business schools were less affected, the FT reported. IESE in Barcelona did not cancel any programs, although a customized program for Banco Santander was missing participants from the U.K. who couldn’t get there.
U.S. business schools also have faced fewer problems. At Harvard Business School, faculty was unaffected and only a small number of executive students failed to make it for EMBA programs. Likewise at the University of Pennsylvania’s Wharton School in Philadelphia, EMBA programs continued as scheduled, with about a dozen students unable to make it. Wharton did, though, postpone three week-long custom programs in Europe because of the air traffic restrictions, Jason Wingard, vice dean for executive education, told the FT.
For more on this story, click here.
The Economist this week released its annual rankings of top business schools, with European schools IESE and IMD taking the first and second spots respectively, followed by Berkeley’s Haas School of Business, the University of Chicago Booth School of Business and Harvard Business School – in that order – rounding out the top five.
In an accompanying article, the Economist helps make sense of why business schools seem to fall in such different orders depending on the ranking you choose. For example, the University of Pennsylvania’s Wharton School barely made it into the top ten in the Economist’s ranking this year (up from 17th last year) but ties for number one (with London Business School) in the Financial Times’ 2009 rankings.
Why such disparity? Because the different publications that produce rankings – which include BusinessWeek, the Wall Street Journal and U.S. News & World Report as well as the FT and the Economist – employ different methodologies to compile their lists. According to the Economist article, that publication’s rankings rely heavily students’ own assessment of their time at business school and how their earning power and marketability increased upon obtaining a degree. This year at IESE, 98 percent of graduates found jobs within three months of graduation with an average basic salary of $125,000, propelling the Spanish school to the top of the list.
The FT’s rankings, meanwhile, focus on academic research as well as graduates’ salaries. And BW ranks U.S. and European schools separately. Hence the wildly different rankings of schools all in a single year. But as the Economist article point, even as different as they are – or perhaps, because they are so different – the rankings still serve a valuable purpose, which is to highlight the many different ways in which business schools can excel.
As always, those of us here at Clear Admit encourage you to consider the rankings as you try to decide which business school will best help you meet your individual goals, but only as one part in a comprehensive evaluation of schools.
To view the Economist’s rankings in their entirety, click here.
Posted by Clear Admit on September 28, 2009, at 12:00 pm
Posted in: MBA News , Rankings , School: Babson , School: IE , School: IMD , School: Northwestern / Kellogg In today’s challenging economic climate, some applicants are turning to accelerated programs that take only 10-15 months to complete and cost substantially less than a two-year program. These candidates argue that they don’t have the time or money to invest in a two-year program. In light of the growing popularity of one-year MBA programs, The Wall Street Journal surveyed 1,361 recent grads and 731 alumni and reported their findings in a recent article about the one-year MBA track.
The Wall Street Journal ranked fifteen one-year programs (comprised of nine European schools, five in the U.S., and one Latin American school) and European schools clearly led the pack. IE Business School in Madrid ranks #1, Switzerland’s IMD Business School is #2, and Cranfield School of Management in the U.K. is #3. Northwestern’s Kellogg School of Management and Babson’s F.W. Olin Graduate School of Business round out the top five, but according to students, international programs offer a strong curriculum and “a much stronger international exposure.” And for 86% of students surveyed, a program’s international focus was the deciding factor in choosing a school.
Only 90 accredited schools worldwide offer a fast-track MBA, and few are located in the United States. Alumni reported that those in the U.S. tend to focus the majority of their career services and recruitment efforts on two-year students. On a positive note, women make up 35% of accelerated MBA graduate classes in the U.S. compared to 23% in international programs; and according to The Wall Street Journal, “American schools tend to excel in softer skills, like teamwork, building relationships, and managing across functions.”
These programs won’t suit everyone. They are both rigorous and time-consuming, and almost two-thirds of students reported spending more than fifteen hours a week on schoolwork outside of the classroom, leaving little time for extracurricular activities. IMD Business School is known for having six-day, 100-hour weeks!
“These students want to be taught, and then they want to move on,” said Sean Rickard, director of Cranfield’s MBA program. A very true statement, indeed—the Wall Street Journal study reported that 82% of students pursued one-year programs so they could return to the work force faster. Fortunately, most alumni reported that recruiters and managers don’t view an MBA degree from a one-year program any differently than a two-year program, and many agreed that the quick degree made their jobs safer during the recent economic crisis.
For the complete Wall Street Journal article, click here.
Posted by Clear Admit on August 31, 2009, at 2:48 am
Posted in: Admissions Tips , School: Berkeley / Haas , School: Chicago , School: Columbia , School: Dartmouth / Tuck , School: Duke / Fuqua , School: Harvard , School: IESE , School: IMD , School: INSEAD , School: London Business School , School: Michigan / Ross , School: MIT / Sloan , School: Northwestern / Kellogg , School: NYU Stern , School: Penn / Wharton , School: Stanford , School: UCLA / Anderson , School: UNC / Kenan Flagler , School: Virginia / Darden , School: Yale For all those applicants who have recently opened a calendar to plot out the next few months only to realize they can’t possibly fit in campus visits on top of full time jobs and essay writing, never fear! It’s true that traveling to a school’s campus is the ideal way to learn about their MBA program, but visiting is often not a viable option for applicants who are located remotely or unsure of their level of interest in a given school. The good news is that business schools might very well come to them. Many b-schools are getting ready to hit the road and embark on worldwide tours to dispense information and recruit qualified applicants. Such events offer a great opportunity for interested students to meet with admissions staff (and sometimes with current students and/or alumni), learn about the program and ask specific questions.
Some of the top schools are already on the road, so we recommend looking into the travel schedules for programs of interest and planning accordingly. Keeping in mind that these schedules are updated and amended throughout the fall, here are some of the top programs’ itineraries for the months ahead:
Berkeley / Haas:
https://ssl.haas.berkeley.edu/Admissions/Events/index.cfm
Chicago Booth:
http://www.chicagobooth.edu/fulltime/admissions/events/
Columbia:
http://www0.gsb.columbia.edu/events
Duke / Fuqua:
https://www.fuquaworld.duke.edu/www/public/infosess_all_view.jsp
HBS:
http://www.hbs.edu/mba/admissions/events.html
Northwestern / Kellogg:
http://bit.ly/Zrg7b
Michigan / Ross:
http://www.bus.umich.edu/Admissions/Mba/forumsreceptions/RossReceptions.htm
MIT / Sloan:
http://mitsloan.mit.edu/academic/events.php
Stanford GSB:
http://www.gsb.stanford.edu/mba/outreach/info_sessions.html
NYU / Stern:
http://w4.stern.nyu.edu/admissions/cgibin/sched_events.cgi
Dartmouth / Tuck:
http://www.tuck.dartmouth.edu/admissions/events.html
UCLA / Anderson:
http://www.anderson.ucla.edu/x5525.xml
UNC / Kenan Flagler:
http://www.kenan-flagler.unc.edu/News/Events/embambainfo.cfm
UVA / Darden:
https://apply.darden.virginia.edu/admissions/events/EventsSchedule.tap?sp=103
U Penn / Wharton:
http://www.wharton.upenn.edu/mba/admissions/admission-events.cfm
Yale SOM:
http://mba.yale.edu/MBA/admissions/events.shtml
IESE:
http://www.iese.edu/aplicaciones/emba/events/events_emba.asp?lang=en
IMD:
http://www.imd.ch/programs/mba/infosessions/index.cfm
INSEAD:
http://www.insead.edu/mba/offevents/index.cfm?fuseaction=offcampus
LBS:
http://www.london.edu/programmes/infoevents/do?progSelect=MBA&locationSelect=
Posted by Clear Admit on June 9, 2009, at 12:00 pm
Posted in: Financial Aid , MBA News , School: IMD Earlier this month, leading global business school IMD in Switzerland announced the creation of a new MBA scholarship to support an individual student from an emerging country who works either as a social entrepreneur or for an NGO. With the new scholarship, IMB hopes to increase its class diversity by bringing participants who might otherwise not be able to attend the MBA program.
Criteria for the scholarship, which will be supported through alumni fundraising efforts, were defined by alumni representatives on the IMD Scholarship Foundation Selection Committee.
The Selection Committee will look for applicants from emerging countries who demonstrate a passion for contributing to society through social responsibility. “This person will truly bring a different perspective to the class,” the Selection Committee stated. “We believe it will also make a difference when the candidate returns to his or her home country to apply the learnings gleaned from the IMD experience.”
To be considered, candidates must demonstrate financial need, currently work as a social entrepreneur or for an NGO in his or her home country or region with 4 to 10 years of work experience and have made a significant contribution to society at either a local or nationwide level. He or she should also possess strong leadership skills, be able to make a significant contribution to the IMD class dynamic and plan to return to his or her home country or region in a socially responsible leadership role after IMD.
Target countries and regions for scholarship applicants include, but are not limited to, Africa, Latin America, China and India. The IMD Scholarship Foundation will provide for living expenses, and IMD will contribute Sfr 45,000 toward tuition. The selected candidate will need to cover the additional tuition through savings or a loan.
To learn more about the new IMD MBA scholarship, click here.
In the 2009 global MBA rankings released yesterday by the Financial Times, London Business School came in at number one for the first time ever, sharing the spot with the University of Pennsylvania’s Wharton School. Also of note, three Asian schools were among the top 20, including one, Ceibs in Shanghai, which was in the top 10.
This year the FT’s MBA rankings feature some new bells and whistles, including interactive tools that allow readers to chart and compare business schools to one another. Accompanying the rankings is an in-depth special report examining the changing MBA landscape. And a special “Ask the Experts” feature invites readers to pose questions to a panel of experts online, who will respond to them during a live online session on January 28th.
In one analysis, the FT’s Della Bradshaw posits that the combined factors of the financial crisis – which include recruiting falloff, endowment devaluation and a negative perception of business and, by extension, business school – may bring about a sea-change in business education.
One shift already being observed is a reduction in the number of foreign applicants to U.S. schools. With business schools in Europe and Asia growing in reputation, more non-U.S. students are opting to study there instead, the FT reports. Additionally, the credit crisis’s impact on endowments also has reduced schools’ abilities to provide scholarships, especially to foreign students. According to the FT report, international applications to U.S. schools have fallen by 20 percent this year.
But domestic applications remain strong in the United States, the FT continued, noting that the Graduate Management Admissions Council, which adminsters the GMAT exam, recorded its best year ever in 2008 in terms of the number of test takers.
Still, a lot will depend on recruiting prospects. Early indicators from Europe show mixed results. At IMD, which graduates a class in December, the news is good, the FT reports. According to IMD’s Director of Admissions and Careers Katty Ooms-Suter, 82 percent of the class of 90 students had a job offer on graduation.
At INSEAD, which had 460 MBA graduates in December, the news was not as rosy. According to Jake Cohen, dean of the program, only 65 percent of the class had accepted an offer on graduation. And the near future doesn’t look much better. “I do believe July 2009 will be very bad,” Cohen told the FT. “We’ve never lived in such a market.”
Both European programs pointed out that their students are flexible about the regions of the world in which they are willing to work and happy to travel, a view some feel U.S. students would be wise to adopt as well.
“If there’s a global market in automobiles there is no reason why there shouldn’t be a global market in talent as well,” Joe Thomas, dean of Cornell’s Johnson School told the FT.
To read more of the special report, click here. To access the interactive rankings, click here.
Posted by Clear Admit on June 18, 2008, at 5:14 pm
Posted in: Deadlines , School: IMD The five deadlines for the IMD School of Business remain unchanged from last year’s. Although the IMD admissions process is rolling, the school encourages applicants to apply to one of the earlier deadlines.
The five deadlines for the 2008-2009 deadline season are:
February 1, 2010
April 1, 2010
June 1, 2010
August 1, 2010
September 1, 2010
The admissions committee will notify you within 6 weeks of a received application to inform you if you have been invited to an on-campus interview.
Posted by Clear Admit on January 29, 2008, at 1:46 pm
Posted in: MBA News , School: Cambridge , School: IMD , School: MIT / Sloan , School: NYU Stern In releasing its 10th annual MBA rankings yesterday, the Financial Times looked at more than just the performance of business schools over the past year. It also took the opportunity to issue forecasts for the decade to come. Innovation will alter the landscape of business management education, carbon-free campuses will grow more prevalent worldwide and the current economic crisis may spur a surge in applications even as it threatens to make employment opportunities upon graduation more uncertain.
Innovation to Continue
Innovation, considered a hallmark of the past decade by many deans, will be even more pronounced in the years to come, according to the FT analysis. Two major factors are expected to contribute. The first is the sharp rise in the number of world-class Asian business schools. As an increase in European programs reshaped the landscape in the past decade – leading to the development of the one-year program and diversifying student bodies – so, too, will the growing emergence of Asian schools onto the scene.
In Asia, where economies are fast moving and infrastructure is limited, innovation may be even more marked. “People have to be extremely creative in managing when infrastructure is under-developed,” Arnoud De Meyer, director of the Judge School of Business at Cambridge, told the FT. European schools, too, will move beyond emulating U.S. schools and continue to make important contributions of their own, according to De Meyer. “I think in the next 10 years we will want to differentiate ourselves and build on our own strengths,” he said.
Widespread adoption of advanced technology will be the second major driver of innovation, according to the FT. As entering MBA classes are increasingly made up of students born into the digital age, business schools will be forced to adapt. “The workspace, living space and learning space will all be linked together,” predicts Nigel Banister, chief executive of Manchester Business School Worldwide. “There will be personalised learning spaces,” he told the FT. “Traditional teaching methods will go.” Faculty members, not students, have resisted the change up until now, according to Banister, but they will no longer have a choice.
Campuses Go Green
The FT report also called attention to a growing trend among business schools with regard to environmental responsibility. Increasingly, business schools – often led by student initiatives – are paying closer attention to their carbon footprint and taking concrete steps to reduce it.
The FT highlighted an effort at Switzerland’s IMD to use water from nearby Lake Geneva to cool the school’s buildings. Meanwhile, at MIT Sloan, environmental issues are driving both the architecture and the curriculum. The school is currently constructing a new green building. At the same time, it’s offering an elective through its Laboratory for Sustainability (S-Lab) designed to encourage students to complete team projects focused on sustainability issues.
Other schools are following suit. New York University’s Stern School of Business last fall launched its own campus greening initiative, spearheaded by a second-year MBA student. A cross-disciplinary taskforce called the Stern Campus Greening Initiative (SCGI) was founded to establish and implement sustainability protocols throughout the university at both the undergraduate and graduate level.
In fact, campus greening is one of the most prominent initiatives of Net Impact, an international non-profit organization geared toward creating leaders who use business to make a positive impact on the world. As a resource to schools considering starting a sustainability initiative at their own schools, Net Impact’s website provides case studies from almost a dozen MBA programs that have already begun to take action.
Economy Downturn, Application Uptick?
Of course, given the current state of the economy, long-term outlooks are clouded for many by more short-term concerns. What will the climate be like for this year’s graduates seeking jobs, and will the number of applicants to business schools rise or fall as a result of widespread economic uncertainty? A closer look at those questions in tomorrow’s post.
Posted by Clear Admit on January 15, 2008, at 1:43 pm
Posted in: General , MBA News , School: Dartmouth / Tuck , School: Duke / Fuqua , School: Harvard , School: IMD , School: Oxford , School: Penn / Wharton , School: Stanford Be it through their own channels on YouTube, podcasts posted through iTunes or the advent of new video-sharing sites like BigThink (founded by ex-Harvard President Larry Summers as a “YouTube for ideas”), business schools and business thinkers are finding even more of a presence on the Web as they begin en masse to embrace streaming video.
An article yesterday in the Chronicle of Higher Education (itself highlighted on the BizDeansTalk blog) called attention to YouTube’s latest video phenomenon – professors posting lectures. “Web video opens a new form of public intellectualism to scholars looking to participate in an increasingly visual culture,” read the article.
According to the Chronicle, several colleges and universities have signed agreements with YouTube to set up their own official channels on the video-sharing site. The deals, which do not involve any monetary exchange, allow the schools to brand their section of the site with school logos or colors and to upload longer videos than allowed by typical users.
“We expect that education will be a vibrant category on YouTube,” Obadiah Greenberg, strategic partner manager at YouTube, told the Chronicle in an e-mail interview. “Everybody loves to learn,” he continued.
It’s hard to provide an exact count of how many business schools have established YouTube channels. As noted in the Chronicle article, YouTube doesn’t make it easy to quickly find its educational offerings. So far, the site’s education category offers up as many videos seemingly unrelated to education as videos that are on topic.
Some schools, though, are taking steps themselves to help users find them on YouTube. In an announcement last week, the Saïd School of Business at Oxford University directed prospective students to its new YouTube channel – set up in mid-December – which includes two new promotional videos outlining the benefits of studying at Oxford and of the Oxford MBA. In addition to these promos, the Saïd YouTube channel currently features 12 other videos, including several interviews with individual students and alumni as well as one video devoted to campus life.
Other universities and colleges also have YouTube channels, including the University of California at Berkeley, Vanderbilt University and the University of Southern California. But though each of these institutions boasts its own business school, only USC’s Marshall School of Business seems to have established its own YouTube channel.
iTunes Podcasts, Feeds and More
Even schools that haven’t yet set up their own YouTube channels are embracing podcasts and streaming video in ever-growing numbers. Dan Colman, director and associate dean of Stanford University’s continuing-studies program, runs a blog tracking podcasts and videos made by colleges and professors, an entire section of which is devoted to business schools.
More top business schools are listed here than aren’t, offering video and audio content that ranges from the school’s latest research results (IMD) to digital interviews with top business leaders (Tuck, Harvard, Wharton) to how to optimize your b-school applications (Stanford). According to Colman, Duke’s Fuqua School of Business offers “one of the richest collections out there.”
As mentioned in recent Clear Admit posts, podcasts from students and alumni can help provide applicants with a fuller sense of the schools they are considering and can round out more traditional admissions material from the schools themselves. Increasingly, schools’ YouTube channels may make it into the mix of must-consult resources when applying to business programs. Finally, sites like BigThink suggest that video sharing may soon change even the way the larger business world functions. More on that in an upcoming post…
Posted by Clear Admit on December 3, 2007, at 12:37 pm
Posted in: MBA News , Rankings , School: IE , School: IMD , School: INSEAD , School: London Business School The Financial Times (FT) has released its 2007 European Business School Rankings, and gold and silver go to the Paris HEC School of Management and the London School of Business respectively, echoing last year’s results. The battle for bronze, though, was more exciting to watch. INSEAD shot up from the number-10 spot it held last year to steal third, knocking Switzerland’s IMD down to fourth.
The European Business Schools Ranking is a meta ranking of European schools according to their results in five other FT rankings released this year, which look specifically at MBA, EMBA, open executive education, executive education, and management masters programs at business schools around the globe.
The EMBA program at INSEAD, with campuses in Fontainebleau, France, and Singapore, was included in the European ranking for the first time this year, helping the school make its ascent toward the top.
European schools in general are optimistic about the future, according to the FT. This is especially true given the approaching 2010 deadline for implementation of the Bologna Accord, which is designed to harmonize the European higher educational system and provide a more internationally recognized bachelors-masters progression for awarding degrees at schools in each of the 46 signatory countries. The anticipated consequence of the accord – and resulting parity between graduate program degrees across countries – is greater mobility for students and faculty.
In anticipation of the Bologna Accord’s implementation, there has been an explosion in masters programs across Europe. Of these, more than 12,000 are set to teach management, according to a report by the Graduate Management Admissions Council (GMAC).
The exact impact this will have on the traditional MBA market is unclear, but applications appear to be steady, the FT reports. “Most schools are reporting an increase in uptake of all courses,” Jeanette Purcell, chief executive of the Association of MBAs, told the FT. Interest in part-time MBAs, executive MBAs and distance learning seem to be on the rise, she says, but not to the detriment of traditional MBAs.
Purcell points to declining employer sponsorship of graduate management education as a contributing factor to the trend toward part-time programs, as students increasingly look for ways to pay their own way while working. Advances in technology, too, have made distance learning more attractive, she says.
Some European schools are reporting greater interest from abroad, especially as the Bologna Accord promises to make European degrees carry the same significance as those from other schools around the globe. Increased U.S. marketing and interest in one-year MBA programs are also cited as driving factors.
According to the FT, the Instituto de Empresa (IE) in Madrid counts 21 U.S. participants in its international MBA program this year and sees increased interest from Asia and consistently strong demand from India. Applicants at IE rose by 30 percent this year, and student numbers by 15 percent, the FT reports. The school is considering moving to two intakes – in April and November – and combining its full-time Spanish MBA program with its international MBA program taught in English.
Posted by Clear Admit on November 1, 2007, at 3:26 pm
Posted in: EMBA , Part-Time/Executive MBA , Rankings , School: Chicago , School: Columbia , School: Cornell / Johnson , School: Duke / Fuqua , School: Emory / Goizueta , School: ESADE , School: Georgetown , School: IESE , School: IMD , School: INSEAD , School: London Business School , School: Michigan / Ross , School: Northwestern / Kellogg , School: NYU Stern , School: Penn / Wharton , School: UCLA / Anderson , School: UNC / Kenan Flagler For our readers with an interest in executive education, we wanted to point out that BusinessWeek Online is poised to announce its bi-annual ranking of global EMBA programs. Though the main ranking page still points to the 2005 addition, the site has just published a slideshow featuring the top 25 schools. We’ll post again with some commentary once the feature is made more official, but in the meantime, here’s a preview of this year’s top-ranked programs:
1. Northwestern (Kellogg)
2. University of Pennsylvania (Wharton)
3. University of Chicago
4. University of Michigan
5. USC (Marshall)
6. Columbia Business School
7. Emory (Goizueta)
8. UCLA (Anderson)
9. Duke (Fuqua – global)
10. UNC (Kenan Flagler)
11. Southern Methodist University (Cox)
12. Georgetown (McDonough)
13. Cornell (Johnson)
14. Ohio State (Fisher)
15. Instituto de Empressa
16. IMD
17. IESE
18. INSEAD
19. NYU (Stern)
20. London Business School
21. ESADE
22. Thunderbird
23. Queen’s University
24. Washington (Olin)
25. Villanova University
Posted by Clear Admit on October 1, 2007, at 5:12 pm
Posted in: Rankings , School: Berkeley / Haas , School: Cambridge , School: Chicago , School: Columbia , School: Dartmouth / Tuck , School: Harvard , School: IESE , School: IMD , School: INSEAD , School: London Business School , School: Michigan / Ross , School: MIT / Sloan , School: Northwestern / Kellogg , School: NYU Stern , School: Stanford The Economist Intelligence Unit released its annual ranking of MBA programs last week. The ranking methodology for this list considers four factors – new career opportunities, personal development/educational experience, increase in salary and networking potential – as evaluated based on data from the schools and surveys from students and recent alumni. Another interesting feature of the Economist ranking is that a school’s ratings over the three previous years are also taken into account, tempering the effect of dramatic changes in policies or resources and reflecting and more gradual increase in quality as a student would experience them.
Readers can visit the EIU site for a great interactive MBA ranking chart to see how the schools stack up in a number of different criteria. The top 20 overall, meanwhile, are listed below:
1. University of Chicago Graduate School of Business
2. Stanford Graduate School of Business
3. IESE Business School – University of Navarra
4. Dartmouth College–Tuck School of Business
5. IMD – International Institute for Management Development
6. California at Berkeley, University of–Haas School of Business
7. University of Cambridge Judge Business School
8. New York University Stern School of Business
9. IE Business School
10. Henley Management College
11. Cranfield School of Management
12. Michigan, University of – Stephen M Ross School of Business
13. Harvard Business School
14. Northwestern University Kellogg School of Management
15. London Business School
16. MIT Sloan School of Management
17. INSEAD
18. Columbia Business School
19. Ashridge
20. Hong Kong University of Science and Technology School of Business and Management
Chicago has moved into the #1 position this year, propelled to the top by its stellar career service resources, displacing IESE, which had enjoyed the top spot for two years in a row. Other notable movers include Haas (up four stops from a 10th place finish last year), Cambridge (to 7th from 11th) and IE, which rose from a #16 ranking to crack the top 10.
The Economist rankings have historically shaken up the generally held notions about how schools stack up (evidenced by Stern’s #8 status as compared to Wharton’s absence from this year’s top 20), highlighting the importance of careful research and consideration of what one is looking for from an MBA program.
Posted by Clear Admit on September 17, 2007, at 9:37 am
Posted in: Rankings , School: Berkeley / Haas , School: Chicago , School: CMU / Tepper , School: Columbia , School: Dartmouth / Tuck , School: ESADE , School: Harvard , School: IMD , School: London Business School , School: Michigan / Ross , School: MIT / Sloan , School: Northwestern / Kellogg , School: Penn / Wharton , School: Stanford , School: UNC / Kenan Flagler , School: Virginia / Darden , School: Yale As many of our readers know, the Wall Street Journal released their business school rankings online late yesterday. The Wall Street Journal’s ranking of the national (US) MBA programs relies on feedback from corporate recruiters at key firms in order to rate the b-schools. More specifically, the results are based on the following criteria:
1. Recruiter feedback on each school (for 21 different attributes)
2. Recruiter plans to hire graduates from the schools in the future
3. Recent hiring patterns of corporate recruiters
While traditionally less popular than the Business Week or US News MBA rankings, the Journal has been gaining ground with increased fanfare surrounding their rankings each year. Their related hard-copy publication, WSJ Guide to the Top Business Schools, helps in this effort. In addition, a GMAC survey showed that the WSJ rankings were viewed as “most credible” by MBA applicants (although we’d like to suggest that the reputation of the newspaper itself may help this perception along).
While the recruiters-only focus of the WSJ rankings may always provoke criticism, the rankings appear to be here to stay. Without further ado, let’s take a look at the top national programs for this year:
1. Dartmouth College (Tuck)
2. University of California, Berkeley (Haas)
3. Columbia University
4. MIT Sloan
5. Carnegie Mellon University (Tepper)
6. University of North Carolina, Chapel Hill (Kenan-Flagler)
7. University of Michigan (Ross)
8. Yale University
9. University of Chicago
10. University of Virginia (Darden)
It’s interesting to note that Wharton and Kellogg have continued to slip in these rankings, moving out of the top five last year and out of the top ten this year. Ross likewise moved down within the rankings this year, from first to seventh, while Haas and MIT Sloan each moved up several notches to enter the top five. Harvard and Stanford continue to miss out on the top 10, holding steady at 14 and 19, respectively.
Beyond the US national ranking, the Journal also published an international ranking – using a slightly different methodology that measures non-US-based employment upon graduation. Here are this year’s top “international” business schools:
1. ESADE
2. IMD
3. London Business School
4. IPADE
5. MIT Sloan
6. Columbia Business School
7. Essec
8. Tecnológico de Monterrey (EGADE)
9. HEC Paris
10. Thunderbird
We encourage our readers to review the WSJ Career Journal site for further details about the rankings methodologies. As always, please remember that rankings are one of many resources for information regarding MBA programs.
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