List of United States graduate business school rankings

Edit links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Irena Koss (talk | contribs) at 19:23, 12 October 2008 (→‎See also). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Columbia Business School is ranked #1 in The Financial Times "ranking of rankings" for United States business schools.

List of United States business school rankings is a tabular listing of all business schools and their affiliated universities located in the United States that are included in one or more of the major public rankings of full-time Masters of Business Administration programs. This is not a comprehensive list of business schools in the United States. These rankings are a subset of college and university rankings. Business schools are university-level institutions generally affiliated with a university or college that produces students who attain business administration degrees. Most of the schools listed in the rankings below are accredited by the Association to Advance Collegiate Schools of Business. Some of the publications shown here have related rankings for undergraduate, part-time and executive curricula. There is currently some controversy among faculty and administrators in American Institutions of Higher Education regarding the request by the surveyors to have college presidents give their subjective opinion of other colleges because some of the methodologies are deemed misleading and a disservice. This has resulted in a movement surrounding the President's letter.[1]

Marketing significance

Business school rankings are important to the various business schools because they are an important marketing tool used to recruit top students, and lure recruiters from the top companies. Business schools attempt to achieve higher rankings in order that they may obtain the top students who will over the course of their careers most likely benefit the school by achieving high ranking positions, attaining great influence, and accumulating great wealth. Such students often are able to help other students attain better (higher paying, more respected and more influential) jobs. Students use the rankings to choose their school,[2] and creators of the rankings produce them to aid in this decision.[3]

Rankings have such importance that business school deans cite improving rankings under significant accomplishments and are said to hire and fire over such successes. A typical quote explaining a rise in rankings can be found by looking at summaries such as "Recruiters believe Georgetown's new dean and career-services director have made speedy progress in producing more polished, marketable graduates."[4] If a dean chooses the wrong strategy it is likely to show up in the results as well: "Recruiters criticized some of the Regional schools for lowering their standards and admitting less-qualified students when their applications plummeted a couple of years ago."[4]

Ranking techniques

Template:Infobox Awards The rankings are based on a variety of factors such as standardized test scores of students, salary of recent graduates, survey results of graduates and/or recruiters, number of top companies recruiting at the school and a variety of attributes.[4] The ratings vary significantly by method used to determine the success of each program. The Forbes and Financial Times results are based on long-term graduate career progress concerns. The BusinessWeek and Economist polls evaluate short-term experiences of the students with their program. The Wall Street Journal and U.S. News & World Report consider the recent experiences of recruiters with the program.[2]

The U.S. News & World Report uses a combination of the objective and subjective as well. The magazine seeks "expert opinion about program quality and statistical indicators that measure the quality of a school's faculty, research, and students." However, it ranks a broad spectrum of professional school programs such as business schools, law schools, and medical schools as well as a variety of programs specific academic disciplines such as the social sciences or humanities.[5] The business opinion data incorporates responses from deans, program directors, and senior faculty about the academic quality of their programs as well as the opinions of professionals who actually do the hiring of the new MBA graduates from the schools. The statistical data combines measures of the qualities of the incoming students and as well as the faculty with measures of post graduate success as related to their degrees.[5] There were 382 programs that responded out of 402 solicited, and the formula used a strict combination of quality assessment (40%), placement success (35%), and student selectivity (25%).[6]

The BusinessWeek rankings, which are based on three sources of data (a student survey, a survey of corporate recruiters, and an intellectual capital rating), are published in mid-October of even numbered years.[7] The 2006 student survey of 45 online questions of students' ratings of their programs was distributed to 16,595 students three weeks before graduation; there were 9,290 responses. The recruiter survey determines how many MBAs a recruiter's company hired in the previous two years and which schools it actively recruits from. 223 respondents participated out of 426 solicited. The intellectual capital is determined based on a formula incorporating academic publications in journals, books written, and faculty size.[7]

The Forbes magazine methodology was to calculate a five year return on investment for 2002 graduates. Forbes surveyed 18,500 alumni of 102 MBA programs and used their pre-enrollment and post-graduate business school salary information as a basis for comparing post-MBA compensation with the cost of attending the programs.[8]

Wall Street Journal/Harris Interactive poll was the result of an online survey of 4,125 recruiters between December 132005 and March 162006, based on their experiences at schools where they had recently recruited. The survey was not based on academic quality although the survey was built upon 21 attributes including faculty and curriculum. However, the poll was based on attributes that would lend toward professional success such as interpersonal and communication skills, teamwork orientation, personal ethics and integrity, analytical and problem-solving abilities, and work ethic.[4] The Wall Street Journal (WSJ) publishes three lists: a "national" ranking of U.S. business schools that are heavily recruited by national and multinational companies, an "international" ranking of European, North American, and Central American schools visited by recruiters for companies seeking employees for jobs outside the United States, and a "regional" ranking of schools not included on the national list that draw many of their recruiters from within their U.S. geographic region.[9]

The Economist Intelligence Unit, the business information arm of the Economist Group, gathered results from two internet questionnaires, one of business schools and one of their students and recent graduates, and used them to rate business schools located all over the world. Information provided by the schools made up 80% of the ranking, with student and alumni responses accounting for only 20%. Factors in the evaluation included faculty:student ratio, GMAT scores of incoming students, student body diversity, foreign languages offered, percentage of graduates finding jobs within three months after graduation, percentage of graduates finding jobs through the school's career service, graduates' salaries and the comparison of pre-enrollment and post-graduation salaries, and student/alumni evaluations of the program, facilities, services, and alumni network. Results were tabulated using a smoothing method incorporating the three previous years' results. The organization used strict data provision thresholds, with the result that some highly regarded schools were omitted from the list of 100 ranked schools. [10]

The Financial Times poll was the result of over 10,000 respondents to nearly 23000 electronic questionnaires of alumni from 155 qualifying business schools. The survey began in July 2006 and all internationally accredited programs that are at least five years old and that have produced at least 30 graduates in each of the last three years were solicited. 113 of the 155 had at least 20 respondents and at least a 20 percent response rate. The questionnaire used twenty criteria in three main areas. The poll actually presents all twenty criteria to the reader. Eight criteria are based on alumni responses; eleven criteria are based on business school responses, and the final criteria is based on a research index produced by the Financial Times.[11] The survey responses are audited by KPMG.[12]

The Financial Times has also produced a "ranking of rankings" summarizing five of the individual rankings (The Economist, BusinessWeek, Wall Street Journal, Forbes, Financial Times). They produce United States, and European summary rankings based on all five and a global summary ranking using the Wall Street Journal, Economist and Financial Times. The summary is based on underlying polls in which a school placed in the top ten using an average of the ordinal placements. The summary excludes the U.S. News & World Report results.[2]

Criticism

The ranking of business schools has been discussed in articles and on academic Web sites.[13] Critics of ranking methodologies maintain that any published rankings should be viewed with caution for the following reasons:[14]

  • Rankings may limit the population size to a small number of schools, ignoring many with excellent offerings.
  • The ranking methods may be subject to biases and statistically flawed methodologies (especially for methods relying on subjective interviews of hiring managers).
  • The same list of well-known schools appears in each ranking with some variation in ranks, so a school ranked as number 1 in one list may be number 3 in another list.
  • Rankings tend to concentrate on the school itself, but some schools offer programs of different qualities (e.g. a school may use highly reputable faculty to teach a daytime program, and use adjunct faculty in its evening program).
  • A high rank in a national publication tends to become a self-fulfilling prophecy.

In the specific case of MBA programs, one study found that objectively ranking MBA programs by a combination of graduates' starting salaries and average student GMAT score can reasonably duplicate the top 20 list of the national publications.[14]

Rankings

Below all schools that ranked on any of the lists below are ordered alphabetically by the name of the associated university or parent institution and presented with their numerical rankings in the respective lists. The following abbreviations are used in the column headings: USN - U.S. News & World Report, BW - Business Week, WSJ - Wall Street Journal, Ec - The Economist and FT - Financial Times.

Business school University Location USN 2009 [15] BW [16] Forbes [17] WSJ 2007
(Nat'l) [9]		 WSJ 2007
(Int'l) [9] [A]		 WSJ 2007
(Reg.) [9]		 Ec [18] [A] FT MBA 2008 [19] FT

Ranking of rankings [20]

Kogod School of Business American University Washington, D.C. 1000 1000 1000 1000 1000 36 1000 1000 1000
W. P. Carey School of Business Arizona State University Template:City-state 22 1000 1000 1000 1000 35 1000 53 1000
F. W. Olin Graduate School of Business Babson College Template:City-state 48 1000 1000 1000 1000 21 1000 49 1000
Carroll School of Management Boston College Template:City-state 34 1000 47 1000 1000 30 1000 40 1000
Boston University School of Management Boston University Template:City-state 40 1000 53 1000 1000 25 38 49 1000
Brandeis International Business School Brandeis University Template:City-state 1000 1000 1000 1000 1000 1000 31 1000 1000
Marriott School of Management Brigham Young University Template:City-state 29 1000 1000 18 1000 1 1000 48 1000
Tepper School of Business Carnegie Mellon University Template:City-state 17 16 20 5 1000 1000 19 23 1000
Weatherhead School of Management Case Western Reserve University Template:City-state 1000 1000 55 1000 1000 1000 45 57 1000
Mason School of Business The College of William & Mary Template:City-state 58 1000 49 1000 1000 17 46 40 1000
Columbia Business School Columbia University Template:City-state 9 10 6 3 2 1000 10 2 1
S.C. Johnson Graduate School of Management Cornell University Template:City-state 14 13 10 16 1000 1000 15 17 1000
Tuck School of Business Dartmouth College Template:City-state 7 11 1 1 1000 1000 3 8 2
Fuqua School of Business Duke University Template:City-state 14 9 12 13 1000 1000 16 14 1000
Goizueta Business School Emory University Atlanta, Georgia 24 23 23 1000 1000 8 17 12 1000
College of Business and Economics Lehigh University Template:City-state 1000 25 1000 1000 1000 1000 1000 1000 1000
Fordham Graduate School of Business Fordham University Template:City-state 1000 1000 1000 1000 1000 27 1000 1000 1000
George Washington School of Business George Washington University Washington, D.C. 1000 1000 1000 1000 1000 45 1000 40 1000
McDonough School of Business Georgetown University Washington, D.C. 22 22 25 1000 1000 13 29 19 1000
Georgia Institute of Technology College of Management Georgia Institute of Technology Atlanta, Georgia 29 1000 34 1000 1000 37 1000 1000 1000
Harvard Business School Harvard University Template:City-state 1 4 3 14 7 1000 7 4 5
Hult International Business School Template:City-state 1000 1000 1000 1000 1000 1000 21 1000 1000
Kelley School of Business Indiana University Template:City-state 20 18 26 1000 1000 5 1000 31 1000
E.J. Ourso College of Business Louisiana State University Template:City-state 1000 1000 1000 1000 1000 7 1000 1000 1000
Sloan School of Management Massachusetts Institute of Technology Template:City-state 4 7 17 5 1 1000 9 5 1000
Eli Broad College of Business Michigan State University Template:City-state 40 29 19 1000 1000 18 1000 23 1000
Stern School of Business New York University Template:City-state 10 14 11 17 8 1000 5 7 1000
Kellogg School of Management Northwestern University Template:City-state 4 3 9 12 6 1000 8 10 7
Fisher College of Business Ohio State University Template:City-state 27 1000 30 1000 1000 3 20 52 1000
Smeal College of Business Penn State University Template:City-state 40 1000 29 1000 1000 24 22 28 1000
Graziadio School of Business and Management Pepperdine University Template:City-state 1000 1000 1000 1000 1000 44 1000 1000 1000
Krannert School of Management Purdue University Template:City-state 33 24 39 1000 1000 12 34 34 1000
Jesse H. Jones Graduate School of Management Rice University Template:City-state 40 1000 48 1000 1000 33 1000 34 1000
Crummer Graduate School of Business Rollins College Template:City-state 1000 1000 37 1000 1000 1000 1000 1000 1000
Rutgers Business School Rutgers University Newark and Template:City-state 1000 1000 1000 1000 1000 39 1000 1000 1000
Cox School of Business Southern Methodist University Template:City-state 44 1000 1000 44 1000 1000 22 42 1000 1000
Stanford Graduate School of Business Stanford University Template:City-state 1 6 2 19 9 1000 2 3 5
Fox School of Business Temple University Template:City-state 51 1000 1000 1000 1000 1000 44 53 1000
Mays Business School Texas A&M University Template:City-state 29 1000 22 1000 1000 23 1000 31 1000
Neeley School of Business Texas Christian University Template:City-state 1000 1000 52 1000 1000 1000 1000 1000 1000
Garvin School of International Management Thunderbird School of Global Management Template:City-state 1000 1000 1000 1000 3 11 47 31 1000
A.B. Freeman School of Business Tulane University Template:City-state 54 1000 44 1000 1000 48 1000 46 1000
Eller College of Management University of Arizona Template:City-state 55 1000 43 1000 1000 43 1000 27 1000
UB School of Management University at Buffalo, The State University of New York Template:City-state 1000 1000 50 1000 1000 9 1000 1000 1000
Haas School of Business University of California, Berkeley Template:City-state 7 8 13 2 1000 1000 4 15 9
UC Davis Graduate School of Management University of California, Davis Template:City-state 44 1000 56 1000 1000 29 37 28 1000
Merage School of Business University of California, Irvine Template:City-state 44 1000 1000 44 1000 1000 42 1000 38 1000
UCLA Anderson School of Management University of California, Los Angeles Template:City-state 11 12 21 15 1000 1000 1000 11 1000
University of Chicago Graduate School of Business University of Chicago Template:City-state 4 1 7 9 4 1000 1 6 3
Leeds School of Business University of Colorado, Boulder Template:City-state 1000 1000 1000 1000 1000 50 1000 1000 1000
University of Connecticut School of Business University of Connecticut Template:City-state 52 1000 1000 1000 1000 51 1000 1000 1000
Daniels College of Business University of Denver Template:City-state 1000 1000 1000 1000 1000 20 1000 1000 1000
Warrington College of Business University of Florida Template:City-state 34 1000 51 1000 1000 6 39 34 1000
Terry College of Business University of Georgia Athens, Georgia 49 1000 1000 1000 1000 34 43 46 1000
UIUC College of Business University of Illinois Template:City-state 38 1000 1000 1000 1000 47 35 34 1000
Tippie College of Business University of Iowa Template:City-state 49 1000 16 1000 1000 31 32 25 1000
Robert H. Smith School of Business University of Maryland, College Park Template:City-state 39 25 35 1000 1000 10 28 18 1000
Isenberg School of Management University of Massachusetts, Amherst Template:City-state 56 58 1000 1000 1000 1000 1000 1000 1000
University of Miami School of Business Administration University of Miami Template:City-state 1000 1000 1000 1000 1000 16 1000 1000 1000
Ross School of Business University of Michigan Template:City-state 12 5 1000 7 1000 1000 6 10 8
Carlson School of Management University of Minnesota, Twin Cities Template:City-state 27 1000 28 1000 1000 38 1000 49 1000
Trulaske College of Business University of Missouri Template:City-state 52 1000 46 1000 1000 28 1000 1000 1000
Kenan-Flagler Business School University of North Carolina, Chapel Hill Template:City-state 19 17 15 6 1000 1000 24 20 1000
Mendoza College of Business University of Notre Dame Template:City-state 34 26 40 1000 1000 14 18 45 1000
Wharton School University of Pennsylvania Template:City-state 3 2 5 11 5 1000 11 1 3
Katz School of Business University of Pittsburgh Template:City-state 1000 1000 1000 1000 1000 41 36 56 1000
Simon School of Business University of Rochester Template:City-state 25 28 41 1000 1000 4 41 22 1000
Moore School of Business University of South Carolina Template:City-state 59 1000 54 1000 1000 49 33 25 1000
Marshall School of Business University of Southern California Template:City-state 21 21 33 18 1000 1000 23 30 1000
University of Tennessee College of Business Administration University of Tennessee Template:City-state 1000 1000 24 1000 1000 1000 1000 1000 1000
McCombs School of Business University of Texas, Austin Template:City-state 18 20 14 1000 1000 19 25 43 1000
Eccles School of Business University of Utah Template:City-state 1000 1000 1000 1000 1000 40 1000 1000 1000
Darden Graduate School of Business Administration University of Virginia Template:City-state 14 15 4 10 1000 1000 12 16 1000
Foster School of Business University of Washington Template:City-state 29 1000 38 1000 1000 26 14 21 1000
University of Wisconsin School of Business University of Wisconsin, Madison Template:City-state 34 1000 27 1000 1000 32 26 53 1000
Owen Graduate School of Management Vanderbilt University Template:City-state 44 30 32 1000 1000 15 30 43 1000
Babcock Graduate School of Management Wake Forest University Template:City-state 49 1000 31 1000 1000 2 40 1000 1000
Olin School of Business Washington University Template:City-state 25 27 36 1000 1000 46 27 39 1000
Yale School of Management Yale University Template:City-state 13 19 8 8 1000 1000 13 9 10
  • A N.B: All rankings are based on only United States business schools even if the full list has international schools included in the rankings.

References

  1. ^ "President's Letter". The Education Conservancy.
  2. ^ a b c Bradshaw, Della and Wai Kwen Chan (2007-01-29). "How the rankings compare: A matter of judgment". The Financial Times Ltd. Retrieved 2007-12-25. {{cite web}}: Check date values in: |date= (help)
  3. ^ "Frequently Asked Questions–Rankings". U.S.News & World Report. L.P. Retrieved 2007-12-18.
  4. ^ a b c d Alsop, Ronald (2006-09-20). "The Top Business Schools: Something Old, Something New". The Wall Street Journal Online. Dow Jones & Company, Inc. Retrieved 2007-12-18. {{cite web}}: Check date values in: |date= (help)
  5. ^ a b Morse, Robert J. and Samuel Flanigan. "How We Do the Numbers". U.S.News & World Report. L.P. Retrieved 2007-12-07.
  6. ^ "Business Methodology". U.S.News & World Report. L.P. Retrieved 2007-12-18.
  7. ^ a b "MBA Rankings: Updated October 2006". BusinessWeek.com. The McGraw-Hill Companies Inc. Retrieved 2007-12-18.
  8. ^ "Best Business Schools: Methodology". Forbes.com LLC. 2007-08-16. Retrieved 2007-12-18. {{cite web}}: Check date values in: |date= (help)
  9. ^ a b c d "Recruiter's Scorecard" (PDF). WSJ.com. Dow Jones & Company, Inc. Retrieved 2007-12-25.
  10. ^ "Rankings methodology". The Economist Intelligence Unit Limited. Retrieved 2007-12-19.
  11. ^ Milton, Ursula (2007-01-29). "How to read the rankings: How the raw data are processed". The Financial Times Ltd. Retrieved 2007-12-25. {{cite web}}: Check date values in: |date= (help)
  12. ^ Bradshaw, Della (2007-01-29). "Auditing: Aim for accuracy". The Financial Times Ltd. Retrieved 2007-12-25. {{cite web}}: Check date values in: |date= (help)
  13. ^ "Caution and Controversy" (HTML). University of Illinois at Urbana-Champaign. 2007-06-22. Retrieved 2008-01-27. The article contains an extensive bibliography of critical sources.
  14. ^ a b Schatz, Martin (1993). "What's Wrong with MBA Ranking Surveys?" (HTML). Management Research News. 16 (7): 15–18. doi:10.1108/eb028322.
  15. ^ "America's Best Graduate Schools 2009". U.S.News & World Report. L.P. Retrieved 2008-04-02.
  16. ^ "Business School Rankings & Profiles". BusinessWeek. The McGraw-Hill Companies Inc. Retrieved 2007-12-17. Rankings listed are those for full-time MBA programs.
  17. ^ "Best Business Schools". Forbes.com. Forbes.com LLC. Retrieved 2007-12-17.
  18. ^ "2007 rankings". The Economist Intelligence Unit Limited. Retrieved 2007-12-19.
  19. ^ "The top full-time US MBA programmes" (PDF). The Financial Times. Retrieved 2008-02-24.
  20. ^ "International business school rankings" (PDF). The Financial Times. Retrieved 2007-12-24.

See also

Retrieved from "https://en.wikipedia.org/w/index.php?title=List_of_United_States_graduate_business_school_rankings&oldid=244827974"