neo656 wrote:
Let me try to understand this again. Just because HBS isn't in top 5 (correction for the quoted text, S is #4 and W is #2); because MIT is #14; because Kelley, Smith and Goizuetta are all ranked higher than Haas, Darden and Stern; and because for a majority of the schools the data is either not visible (talking about avg GMAT / GPA, cost of education etc.) or doesn't make sense, you're implying that BW might have screwed up in the latest ranking?
God! and I thought I was the only one.
Also, several schools made enormous jumps (up and down). CBS jumped from #13 to #5 (no wonder, though), Yale #21 to #6 (15 places! really?), Rice from #34 to #25, Stern from #16 to #22 (what?), UC-Irvine from #43 to #31, Simon from #50 to #38, U.Buffalo from #57 to #39, Mays from #26 to #42 and Madison from #33 to #44. (I didn't count beyond current #50) Even Economist ranking wasn't that screwed up to show such large number of jumps.
I agree with your remark that BW is quant based and that's why more reliable, but really think that both Economist and BW should get their acts straight. Incorrect weightages can create havoc in the rankings and obviously impact their reliability.
The fact that schools move around so much in BW is a result of the fact that the scoring clusters the schools so close, that small changes in results can sway the rankings. In another word, instead of the linear appearance of 1, 2, 3 ranking, the schools are more grouped like 1, 1.01, 1.04, 1.045, 1.05, 2.02, 2.021... The usefulness of the ranking is to see the clustering within the rankings, since those schools are likely to have similar performance.
One thing I do like about BW is that it doesn’t tamper with the survey “noise”. Whereas I strongly believe USNews does. For example, for law school ranking, the same 14 schools are ALWAYS ranked in the top 14. It is hard for me to imagine that a #15 school (UT, UCLA, Vandy) has NEVER outperformed a #14 (Cornell, Georgetown) school in the history of USNews ranking. There have been many law school scandals, changes in regional economic prominence since the inception of USNews ranking. NEVER once is hard to imagine. Underdogs can get lucky once or twice, just look at all the Cinderella teams in March Madness.
For me, BW is like a startup. It’s trying to reflect the changing business school climate. USNews is like IBM, staying the conservative course -- “no one ever got fired for buying IBM.”