Bloomberg Businessweek Announces Best U.S. Business Schools
Bloomberg Businessweek conducted its 2018 survey of 10,473 MBA students, 15,050 alumni, and 3,698 recruiters about their business school experiences and their goals. Their answers, in addition to information about salary and job-placement data from each school, combined to create each school’s rank. The ranking of non-U.S. programs will be released in December 2018.
Rankings were determined by how well each school did in each of the four weighted indexes: Compensation (38.5%), Networking (27.9%), Learning (23.1%), and Entrepreneurship (10.5%). These weights were determined by questions asked about the importance of each one to responders of the survey.
Bloomberg Business changed its ranking methodology since the 2017 ranking. Therefore a comparison between 2017 and 2018 rankings is not possible.
Here are the top 25 business schools in the survey:
A Few Thoughts About the Bloomberg Businessweek Rankings
There is some objective data (salary, GMAT score for example) in the Businessweek rankings. However, much of the ranking relies on surveys, which can be gamed. It’s also very hard to compare subjective elements like “Networking” or even “Learning” especially given that most responding, specifically the students and alumni, have really only experienced one program. Finally, students and alumni know that their responses to these surveys influence the value of their degree. They have an incentive to rate their schools highly.
Critically examining these rankings as a measure of quality, it’s hard to view them as credible both because the component rankings are head-scratchers and because they rely so heavily on surveys of people who have a vested interest in ranking their school well.
So where is there value in the Bloomberg Businessweek rankings? In the data that BB provides about the individual programs, specifically average salary in different industries and the ability to filter that data for geography, industry, and your GMAT score.
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