List of United States graduate business school rankings

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List of United States business school rankings is a tabular listing of some of the business schools and their affiliated universities located in the United States that are included in one or more of the rankings of full-time Master of Business Administration programs. Rankings are typically published by magazines or websites. This list 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.

Contents

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]

History

Most modern university ranking systems are comparably young. The origins of ranking educational institutions based on their academic and other performance are usually traced back towards the end of the 19th / the beginning if the 20th century. [2] [3]

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, [4] and creators of the rankings produce them to aid in this decision. [5]

More than half of recruiters said they believe the quality of MBA graduates is the same or better currently compared with past years.[ citation needed ] Some of the most renowned schools, such as Harvard and Stanford, do not rank as highly as their stature might suggest. Recruiters complain that they often find graduates of some of the most famous institutions more arrogant and less collegial than the MBAs they meet at other schools.[ citation needed ] Recruiters also noted that "some of the large, elite schools also don't seem to enjoy as many close, personal relationships with recruiters as smaller MBA programs do." [6]

Ranking techniques

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, the specific schools that choose to participate in a market survey, the number of top companies recruiting at the school and a variety of attributes. [7] The ratings vary significantly by method used to determine the success of each program. For instance, the Forbes and Financial Times results are based on long-term graduate career progress concerns, the Bloomberg Businessweek and Economist polls evaluate short-term experiences of the students with their program, U.S. News & World Report consider the recent experiences of recruiters with the program, and other rankings like the Aspen Institute Beyond Grey Pinstripes measure integration of sustainability material into business programs. [4]

The following is a short summary of the different recognized rankings:

Main rankings

Financial Times

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 criterion is based on a research index produced by the Financial Times. [8] The survey responses are audited by KPMG. [9]

The Financial Times has also produced a "ranking of rankings" summarizing five of the individual rankings (The Economist, Bloomberg 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. [4]

U.S. News & World Report

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. [10] 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. [10] 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%). [11]

Bloomberg

The Bloomberg 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. [12] 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. [12]

Forbes Magazine

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. [13]

QS MBA Ranking

The QS MBA and QS Executive MBA rankings have been used by popular business magazine Business Insider for its ranking system, and is based on the popular rankings by Quacquarelli Symonds (QS). [14] [15]

Other

Aspen Institute

Rankings based on attributes other than standardized test scores, salary of graduates, and similar attributes also exist. The Beyond Grey Pinstripes ranking, compiled by the Aspen Institute and published biannually, is based entirely on the integration of social and environmental stewardship into university curriculum and faculty research. Data for this survey is solicited from university administrators at accredited colleges, and audited by teams of Ph.D. scoring fellows. Rankings are calculated on the amount of sustainability coursework made available to students (20%), amount of student exposure to relevant material (25%), amount of coursework focused on stewardship by for-profit corporations (30%), and relevant faculty research (25%). [16] The 2011 survey and ranking include data from 150 universities. [17]

Criticism

The ranking of business schools has been discussed in articles and on academic websites. [18] Critics of ranking methodologies maintain that any published rankings should be viewed with caution for the following reasons: [19]

In the specific case of MBA programs, one study found that ranking MBA programs by a combination of graduates' starting salaries and average student GMAT score can duplicate some of the ranking order found in top 20 lists of Business Week and U.S. News & World Report. [19]

Related Research Articles

A Master of Business Administration is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management.

The Wharton School of the University of Pennsylvania is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia, Pennsylvania. Generally considered to be one of the most prestigious business schools in the world, the Wharton School is the world's oldest collegiate business school, having been established in 1881 through a donation from Joseph Wharton.

College and university rankings order the best institutions in higher education based on factors that vary depending on the ranking. Some rankings evaluate institutions within a single country, while others assess institutions worldwide. Rankings are typically conducted by magazines, newspapers, websites, governments, or academics. In addition to ranking entire institutions, specific programs, departments, and schools can be ranked. Some rankings consider measures of wealth, excellence in research, selective admissions, and alumni success. Rankings may also consider various combinations of measures of specialization expertise, student options, award numbers, internationalization, graduate employment, industrial linkage, historical reputation and other criteria.

<span class="mw-page-title-main">London Business School</span> Business school affiliated to the University of London

London Business School (LBS) is a business school and a constituent college of the federal University of London. LBS was founded in 1964 and awards post-graduate degrees. Its motto is "To have a profound impact on the way the world does business". LBS is consistently ranked amongst the world's best business schools.

The Kelley School of Business (KSB) is an undergraduate and graduate business school at Indiana University in Bloomington, Indiana and Indianapolis, Indiana, United States. As of 2017, approximately 7,500 full-time undergraduate and graduate students are enrolled on its Bloomington campus, as well as 1,740 students at the Indianapolis campus. In addition, more than 800 students study for graduate degrees through the school's online MBA and MS programs through "Kelley Direct".

Three national rankings of universities in the United Kingdom are published annually – by The Complete University Guide, The Guardian and jointly by The Times and The Sunday Times. Rankings have also been produced in the past by The Daily Telegraph andFinancial Times. UK Universities also rank highly in global university rankings with 8 UK Universities ranking in the top 100 of the three major global rankings - QS World University Rankings, Times Higher Education World University Rankings and Academic Ranking of World Universities.

The Australian Graduate School of Management is a postgraduate management and business school that is part of the UNSW Business School at the University of New South Wales, in Sydney, New South Wales, Australia. The AGSM offers general management, executive and leadership development programs.

<span class="mw-page-title-main">Copenhagen Business School</span> Business school

Copenhagen Business School often abbreviated and referred to as CBS, is a public university situated in Copenhagen, Denmark and is considered one of the most prestigious business schools in Western Europe and the world.

<span class="mw-page-title-main">Ivey Business School</span> Business school at the University of Western Ontario

Ivey Business School is a constituent unit of the University of Western Ontario, located in London, Ontario, Canada. Ivey offers full-time undergraduate (HBA), MBA, MSc, MFE and PhD programs and also maintains two teaching facilities in Toronto and Hong Kong for its EMBA and Executive Education programs. It is credited with establishing the nation's first MBA and PhD program in Business.

The QUT Business School is one of six faculties at the Queensland University of Technology. It is home to the QUT Graduate School of Business, as well as four-discipline focused schools; the School of Accountancy, the School of Advertising, Marketing and Public Relations, the School of Economics and Finance, and the School of Management. In 2015, the QUT Business School had enrolled a total of 8,971 students across the faculty, including 2,962 international students.

<span class="mw-page-title-main">Alliance Manchester Business School</span>

Alliance Manchester Business School is the business school of the University of Manchester in Manchester, England. One of the most prestigious business schools in the United Kingdom, it is also the second oldest in the UK, and provides education to undergraduates, postgraduates and executives.

<span class="mw-page-title-main">IE Business School</span>

IE Business School is a graduate and undergraduate school of business, located in Madrid, Spain, European Union, Europe. It was founded in 1973 under the name Instituto de Empresa and since 2009 is part of IE University. IE Business School runs BBA, MBA, Executive MBA, master's degree programs in finance and management, executive education programs, PhD, and DBA programs.

<span class="mw-page-title-main">SDA Bocconi School of Management</span> Graduate business school in Milan, Italy

SDA Bocconi School of Management is the graduate business school of Bocconi University. It is the leading School of Management in Italy and also stands among the top-ranked European institutions. SDA Bocconi offers executive, custom and MBA programs, as well as specialized masters, and regularly takes on research projects on commission. SDA Bocconi School of Management also has an offshore presence in Mumbai, India called the SDA Bocconi Asia Center.

The Smeal College of Business at the Pennsylvania State University offers undergraduate, graduate, and executive education programs to more than 6,000 students.Accredited by the Association to Advance Collegiate Schools of Business (AACSB), Smeal, is home to more than 150 faculty members who teach and conduct academic research on a range of business topics. The college also features a network of industry-supported research centers.

The Desautels Faculty of Management is a faculty of McGill University in Montreal, Quebec, Canada. The faculty offers a range of undergraduate and graduate-level business programs, including the Bachelor of Commerce, Master of Business Administration and Doctor of Philosophy in management degrees. The Faculty of Management also offers a joint MBA/Law program with McGill's Faculty of Law.

<span class="mw-page-title-main">Austral University (Argentina)</span> Private university in Argentina

Austral University is a private university in Argentina, based in Pilar, Buenos Aires. Austral is the best private university and the best in employability in the country according to QS University Rankings.

Ibmec is a private research university with four campus in Brazil's main cities of Rio de Janeiro, São Paulo, Belo Horizonte, and Brasília. Founded in 1970, it is one of Latin America's most prestigious business and economics school and today offers undergraduate and graduate programs in several other disciplines.

The traditional MBA degree requires coursework and other study of business from a primarily financial standpoint, with some attention to management of people, to conventional economic theory, and to business ethics. A sustainable MBA program includes these subjects, and also study of managing for environmental and social sustainability. These programs are sometimes called "green MBAs".

QS World University Rankings is an annual publication of university rankings by Quacquarelli Symonds (QS). The QS system comprises three parts: the global overall ranking, the subject rankings, and five independent regional tables—namely Asia, Latin America, Emerging Europe and Central Asia, the Arab Region, and BRICS.

College and university rankings in the United States order the best U.S. colleges and universities based on factors that vary depending on the ranking. Rankings are typically conducted by magazines, newspapers, websites, governments, or academics. In addition to ranking entire institutions, specific programs, departments, and schools can be ranked. Some rankings consider measures of wealth, excellence in research, selective admissions, and alumni success. There is also much debate about rankings' interpretation, accuracy, and usefulness.

References

  1. ↑ "President's Letter". The Education Conservancy.
  2. ↑ "An international history of rankings". Universities and Rankings. Retrieved 2019-03-06.
  3. ↑ Staff Writers (2017-01-09). "Making Sense of College Rankings". TheBestSchools.org. Retrieved 2019-03-06.
  4. 1 2 3 Bradshaw, Della and Wai Kwen Chan (2007-01-29). "How the rankings compare: A matter of judgment". The Financial Times Ltd. Archived from the original on 2008-01-17. Retrieved 2007-12-25.
  5. ↑ "Frequently Asked Questions–Rankings". U.S. News & World Report. L.P. Retrieved 2007-12-18.
  6. ↑ Alsop, Ronald (September 20, 2006), "M.B.A. Survey: Something Old, Something New", Wall Street Journal
  7. ↑ 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.
  8. ↑ Milton, Ursula (2007-01-29). "How to read the rankings: How the raw data are processed". The Financial Times Ltd. Archived from the original on 2007-12-17. Retrieved 2007-12-25.
  9. ↑ Bradshaw, Della (2007-01-29). "Auditing: Aim for accuracy". The Financial Times Ltd. Archived from the original on 2007-12-27. Retrieved 2007-12-25.
  10. 1 2 Morse, Robert J. and Samuel Flanigan. "How We Do the Numbers". U.S. News & World Report. L.P. Retrieved 2007-12-07.
  11. ↑ "Business Methodology". U.S. News & World Report. L.P. Retrieved 2007-12-18.
  12. 1 2 "MBA Rankings: Updated October 2006". BusinessWeek.com. The McGraw-Hill Companies Inc. Retrieved 2007-12-18.
  13. ↑ "Best Business Schools: Methodology". Forbes. 2007-08-16. Retrieved 2007-12-18.
  14. ↑ Hoff, Madison. "The 50 best MBA programs in the world". Business Insider. Retrieved 2022-09-27.
  15. ↑ Hoff, Madison. "The 20 best executive MBA programs in the world". Business Insider. Retrieved 2022-09-27.
  16. ↑ "Methodology". Beyond Grey Pinstripes. Archived from the original on 2011-07-18. Retrieved 2011-06-18.
  17. ↑ Samuelson, Judy (Summer 2011). "The Business of Education: Why change-minded MBA candidates turn to the Institute before they pick a business school" (PDF). The Aspen Idea: 66–67. Archived from the original (PDF) on 12 July 2011. Retrieved 18 July 2011.
  18. ↑ "Caution and Controversy". University of Illinois at Urbana-Champaign. 2007-06-22. Archived from the original on 2007-10-26. Retrieved 2008-01-27. The article contains an extensive bibliography of critical sources.
  19. 1 2 Schatz, Martin; Crummer, Roy E. (1993). "What's Wrong with MBA Ranking Surveys?". Management Research News. 16 (7): 15–18. doi:10.1108/eb028322. Archived from the original on April 12, 2013.
  20. ↑ Hemel, Daniel J (12 April 2004). "HBS Blocks Media Access to Students". The Harvard Crimson . Retrieved 29 January 2008.
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