May 17, 2008
 
 
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Business Week
Released Biennially in September / October

Published mid October every 2 years since 1988, Business Week evaluates the world’s top Business Schools to create two separate rankings; the top 30 U.S. programs and the top 10 Non-U.S. MBA programs. The rankings are derived from three separate surveys including a MBA graduate survey, a corporate recruiter survey and a third survey measuring an intellectual capital rating.

The MBA graduate survey makes up 45% of the overall ranking and consists of 45 questions asking students to rate their program on teaching quality, career services, alumni network, and recruiting efforts, among other things. Taken into account are the graduate surveys from 2006 (22.5% of the overall ranking) as well as 2004 and 2002 each of which make up 11.25% of the overall ranking.

The corporate recruiter survey makes up 45% of the overall ranking and asks recruiters to rank the top 20 schools that they recruit from on the quality of graduates and their past recruiting experiences. Taken into account are the surveys from 2006 (22.5% of the overall ranking) as well as surveys from 2004 and 2002 each of which make up 11.25% of the overall ranking.

The intellectual capital rating makes up 10% of the overall survey and searches the top twenty academic journals of the past 5 years and also looks through the New York Times, Wall Street Journal and Business Week for articles and books written by professors allotting points for each.

Source: Business Week

2007 Full Time Student Rankings
Rank
School
Location
1
University of Chicago
IL
2
University of Pennsylvania (Wharton)
PH
3
Northwestern (Kellogg)
IL
4
Harvard Business School
MA
5
University of Michigan (Ross)
MI
6
Stanford Graduate School of Business
CA
7
MIT (Sloan)
MA
8
UC Berkeley (Haas)
CA
9
Duke (Fuqua)
NC
10
Columbia
NY
11
Dartmouth (Tuck)
NH
12
UCLA (Anderson)
CA
13
Cornell (Johnson)
NY
14
NYU (Stern)
NY
15
University of Virginia (Darden)
VA
16
Carnegie Mellon (Tepper)
PA
17
UNC - Chapel Hill (Kenan-Flager)
NC
18
Indiana University (Kelley)
IN
19
Yale
CT
20
Univeristy of Texas - Austin (McCombs)
TX

 

Pros and Cons

Pros:

  • The intellectual capital rating is objective and can be thought to mirror the knowledge and expertise of the faculty.
  • The overall ranking takes into account data from previous years to create a ranking reflective of the quality of programs over multiple years.
  • The MBA graduate survey includes the opinions and perceptions of former MBA students.

Cons:

  • Alternatively, the intellectual capital rating can be construed as the faculty’s desire to do research and be published rather than focus their time on teaching.
  • Also, keep in mind that being a graduate from a highly ranked program is beneficial to an individual’s career path and also adds value to one’s degree. Because of this, it can be inferred that alumni will naturally be positive when rating their own program.

 

 
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