westsider wrote:
I think the most honest comment most of us can make about the rankings is something like this:
1)They do matter to us. After all, basically no one here is applying to an unranked school.
2)They are quite fallible.
3)A school ranked at #4 isn't necessarily better than one ranked at #7 for an individual's goals, or even in general
4)A school ranked at #4 will in *most cases* be "better" (in that it will open more doors, higher salaries, etc) than a school ranked #40
5)The statement above is NOT ALWAYS true, but a safe assumption for the average case
6)The ratings creators have incentive to move them (aka "jiggle") them yearly to sell more copies of their publications
7)When our favorite school jiggles up by a couple of rankings, we "honestly believe" it is a meaningful move and that the school is now better than those it passed
8)When our favorite school jiggles down by a couple of rankings, we "honestly believe" it is just statistical fluff brought on by #6 above, and really not meaningful
I agree with a lot of your thoughts West. For me the 'perceived' rankings are much more important than the US News, FT, or WSJ rankings. Pretty much anyone you talk to thinks HBS is #1, Stanford #2, Wharton #3, etc... The perception that HBS is #1 is all that matters. Plus, IMHO, it takes 10, 15, 20 years or more for a school to really change its perception. If they jump to number 2 this year, I want to see it repeated for 15 years and then maybe people will step back and say...ok, ok, school X really is an ultrelite school.
My other favorite ranking is the 'wow' factor ranking. For instance, I meet this incredibly hot girl that I have been dating's parents for the first time...I tell them I went to Harvard or some other 'wow' school (read M7)...and the girl's father is like, WOW!!! that's so great, here, take the keys to my daughter’s chastity belt!!!
I'm thinking, Score!, but why do you still have the keys?
Life is good...
Glad I didn't go to an 'elite' school, the guy might have just kicked me in the junk
Just joking about the 'elite' school thing of course