{"id":35301,"date":"2016-12-17T13:49:36","date_gmt":"2016-12-17T20:49:36","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=35301"},"modified":"2016-12-17T13:49:36","modified_gmt":"2016-12-17T20:49:36","slug":"bloomberg-businessweeks-best-business-schools-of-2016","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/bloomberg-businessweeks-best-business-schools-of-2016\/","title":{"rendered":"Bloomberg Businessweek\u2019s Best Business Schools of 2016"},"content":{"rendered":"

\"Download<\/a><\/p>\n

There are more graduate degrees awarded in business annually than in any other field in the US. Dozens of new business schools are accredited every year. Finding the right program for you<\/a> can be an overwhelming task.<\/p>\n

Bloomberg\u2019s<\/em> annual ranking, or more specifically the data collected to create those rankings, may help you wade through much of the information about MBA programs. Bloomberg Businessweek<\/em> has ranked full-time MBA programs in the US since 1988. Its annual ranking of full-time US MBA programs is based on data compiled from more than 1,000 recruiters, 15,000 alumni, and 9,000 recent graduates. The survey is comprised of the following parts: Employer Survey (36%), Alumni Survey (30%), Student Survey (15%), Job Placement Rate (10%), and Starting Salary (10%), which provides a weighted ranking. Therefore, a school can have a high ranking, while not scoring high in every area.<\/p>\n

Highlights from this year\u2019s report include:<\/p>\n

\u2022 Job placement three months post-MBA: 89.1%<\/p>\n

\u2022 Average MBA debt for new grads: $53,000<\/p>\n

\u2022 \u201cReal\u201d cost of studying two years: $248,000 (foregone wages + total cost of program)<\/p>\n

Top Industries for New Graduates:<\/strong><\/p>\n

\"Download<\/a><\/p>\n

2016 Top 20 Top Schools:<\/strong><\/p>\n

\"Download<\/a><\/p>\n

You can find the complete rankings at Bloomberg Businessweek<\/em><\/a>. Keep in mind that although Bloomberg\u2019s rankings provide an in-depth picture of full-time MBA programs, rank is not the only important aspect to choosing a business school. Finding the best overall fit will provide you with the finest experience possible. Ultimately, you should be the one ranking the schools according to your needs and wants.<\/p>\n

All rankings have strengths and weaknesses. For an excellent critique of these BW<\/em> rankings, you can hear from the person who first developed them, John Byrne, at Poets and Quants<\/em><\/a>. Normally I just rail against the rankings, but in this case, I\u2019m going to highlight a possible use of the rankings. The surprises found in the rankings, especially the positive ones, may showcase programs that are strong options for those who can\u2019t get accepted to programs normally higher ranked.<\/p>\n

For example, Rice Jones is ranked #8, ahead of Kellogg, Haas, Columbia, Yale, and several other programs normally ranked higher. While this placement warrants a large grain of salt, perhaps it is also indicating that Rice Jones is an unappreciated gem and deserves a second look, especially if don\u2019t feel you are competitive at top programs. Particularly for those interested in pursuing a career in energy or in the Gulf States, and who may not be competitive at top 15 programs, give Rice another look and most importantly, look beyond the ranking. Research the placement record<\/a>, curriculum, campus vibe, and extracurricular opportunities.<\/p>\n

One of the advantages of the BW<\/em> rankings is that you can see the degree of difference among different schools. The top program, HBS, is at 100. However, from schools 2-7 the difference is 1.2 points in the index. It is completely insignificant and should be irrelevant to any decision you make.<\/p>\n

As always, the data behind the rankings is much more important than the rankings themselves. Looking for advice on how you should rank and choose programs? Download a free copy of Best MBA Programs: A Guide to Selecting the Right One<\/a>.<\/p>\n

\"\"<\/a><\/p>\n

\"Linda<\/a>By\u00a0Linda Abraham<\/a>, president and founder of Accepted and co-author of the definitive book on MBA admissions,\u00a0<\/em>MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools<\/a>.<\/a><\/em><\/p>\n

 <\/p>\n

Related Resources:<\/strong><\/p>\n

\u2022 Business School Selectivity Index<\/a>
\n\u2022\u00a0GMAC Releases Tool That Organizes, Compares & Explains Major Rankings<\/a>
\n\u2022\u00a0MBA Rankings: Why Should I Care?<\/a><\/p>\n

This article<\/a> originally appeared on\u00a0<\/em>blog.accepted.com<\/a>.<\/em><\/p>\n

Applying to a top b-school? The talented folks at Accepted have helped hundreds of applicants get accepted to their dream programs. Whether you are figuring out where apply, writing your application essays, or prepping for your interviews, we are just a call (or click) away.<\/p>\n

Contact us, and get matched up with the consultant who will help\u00a0you\u00a0<\/em>get accepted<\/a>!<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

There are more graduate degrees awarded in business annually than in any other field in the US. Dozens of new business schools are accredited every year. Finding the right program…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[1362,1024],"class_list":["post-35301","post","type-post","status-publish","format-standard","hentry","category-mba","tag-best-business-schools","tag-bloomberg-businessweek","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/35301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/comments?post=35301"}],"version-history":[{"count":1,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/35301\/revisions"}],"predecessor-version":[{"id":35302,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/35301\/revisions\/35302"}],"wp:attachment":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/media?parent=35301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/categories?post=35301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/tags?post=35301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}