September 8, 2010
 
 
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Economist
Released Annually in October

Working under the umbrella of the Economist, the Economist Intelligence Unit ranks schools with full time MBA programs who responded to a distributed survey. The current 2006 ranking is based on research done in the spring of 2006 with two web questionnaires, one for business schools and the other for current students and recent graduates. The current student and alumni ranking comprises 20% of the 2006 rank while the data provided by B-schools makes up the other 80% of the 2006 rank. The EIU factors the results of previous surveys distributing percentages to each as follows: 2006 (50%), 2005 (30%) and 2004 (20%).
Here is the breakdown of the ranking:

Open new career opportunities (35%)

  1. Diversity of recruiters: Number of industry sectors
  2. Assessment of career services: Percentage of graduates in jobs 3 months after graduation
  3. Jobs found through career services: Percentage of graduates finding jobs through career services
  4. Student Assessment: Meeting expectations and needs
Personal development / educational experience (35%)
  1. Faculty Quality: Ratio of faculty to students, percentage of faculty with PhD, faculty rating by students
  2. Student Quality: Average GMAT score, average length of work experience
  3. Student Diversity: Percentage of foreign students, percentage of women students, student rating of culture and classmates
  4. Education Experience: Student rating of program content and range of electives, range of overseas exchange programs, number of languages on offer, student assessment of facilities and other services.
Increase Salary (20%)
  1. How much did your salary increase after graduating: Salary change from pre-MBA to post-MBA (excluding bonuses)
  2. Leaving salary: Post-MBA salary (excluding bonuses)
Potential to network (10%)
  1. Breadth of alumni network: Ratio of registered alumni to current students
  2. Internationalism of alumni: Ratio of student to overseas alumni branches
  3. Alumni effectiveness: Student assessment of alumni network

Source: The Economist
2007 Full Time Student Rankings
Rank
School
Location
1
University of Chicago
IL
2
Stanford Graduate School of Business
CA
3
IESE Business School
Barcelona, Spain
4
Dartmouth (Tuck)
NH
5
IMD
Lausanne, Switzerland
6
UC Berkeley (Haas)
CA
7
University of Cambridge (Judge)
Cambridge, England
8
NYU (Stern)
NY
9
Instituto de Empresa
Madrid, Spain
10
Henley Management College Technology
Oxfordshire, England
11
Cranfield School of Management
Bedfordshire, England
12
University of Michigan (Ross)
MI
13
Harvard Business School
MA
14
Northwestern (Kellogg)
IL
15
London Business School
London, England
16
MIT (Sloan)
MA
17
INSEAD
Fontainebleau, France
18
Columbia
NY
19
Ashridge Business School
Hertfordshire, England
20
Hong Kong University
Hong Kong, China

 

Pros and Cons

Pros:

  • The EIU ranking measures a wide range of content, including salary growth.
  • The ranking can be broken down to rank only the criteria you select (i.e. Breadth of alumni network).
  • EIU takes into consideration statistics and information from past years when formulating the ranking for the current year.
  • Includes opinions and concerns of current students and also recent graduates.

Cons:

  • Concerning salary increase, the information available does not take into account the differences in salaries prior to receiving an MBA. Particularly, some students begin a program with very low salaries, resulting in a very significant salary increase.

 

 
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