Economist MBA Rankings Released!

By - Sep 20, 00:38 AM Comments [0]

According to The Economist, this year's rankings are "probably the most turbulent" in its nine year ranking history. How schools have responded to the difficult job market has greatly affected their position in the rankings since career opportunities for graduates and salaries of graduates account for 55% of The Economist's rankings.

This year, Chicago Booth took the cake with the number 1 slot, at least in part, if not entirely, because of its top-ranked career service department. (The $300 million donation by David Booth in 2008 helped the school achieve this goal, something most schools haven't been able to accomplish in this economy.)

Here are the top ten full-time international MBA programs:

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And here are the top ten schools by category:

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For more information on how these schools were chosen, check out the Methodology section of The Economist's report.

Meanwhile, a Poets & Quants article on The Economist rankings ("The Economist's Roller Coaster MBA Ranking") points to the fact that the this year's rankings are slightly flawed, mainly in that the job/salary data was gathered from the class of 2009, not the latest graduating class of 2010. The 2010 data, which won't be ready for a few weeks, would have presented a much more current and fair perspective on how b-school graduates are actually doing job/salary-wise, especially since the economy has improved in the last year.

The P&Q article refers to a number of "roller coaster-like" jumps and plummets, including:

  • UVA Darden "leapfrogged" 13 spots from last year's 24th spot to this year's 11th.
  • Columbia moved up 8 spots from 20th to 12th.
  • CMU Tepper jumped 22 spots from 33rd to 21st.
  • London Business School ranked the third best in the UK, a shock that came to most people, especially given its number 1 placement by The Financial Times. According to The Economist, LBS is ranked lower than the Cranfield School of Management and Henley Business School.

P&Q states that of the five major MBA rankings (U.S. News, Businessweek, Forbes, Financial Times, and The Economist), "the Economist's methodology is considered the least credible."

Not sure what the rankings mean to you? How much should you take them into account when applying to b-school? Download Accepted's special ranking report now to learn about how the rankings affect you.

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