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method
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Economist Rankings 2010 27 Sep 2010, 08:51
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I decided to compile a little composite based upon two of the Economist's provided metrics: student assessment of career services and student assessment of alumni effectiveness. This composite metric is intended to give me a general idea of the "human factor", post-MBA strength of a program. The formula depends more on alumni effectiveness since that network will be more valuable over the length of a career.

Composite Metric = Career Services (30%) + Alumni Effectiveness (70%)

Code:
(CM)(CS)(AE) School
-----------------------
(04)(04)(04) USC Marshall
(04)(09)(02) Virginia Darden
(05)(03)(06) Berkeley Haas
(06)(13)(03) Stanford GSB
(07)(10)(05) Dartmouth Tuck
(10)(16)(08) Northwestern Kellogg
(12)(36)(01) Notre Dame Mendoza
(15)(28)(09) Penn Wharton
(15)(20)(13) Harvard Business School
(16)(01)(22) Chicago Booth
(16)(11)(18) Columbia GSB
(18)(14)(19) NYU Stern
(21)(30)(17) Yale SOM
(22)(38)(15) Michigan Ross
(23)(29)(21) MIT Sloan
(25)(07)(32) Carnegie Mellon Tepper
(31)(41)(26) Duke Fuqua
(39)(44)(37) Texas McCombs
(42)(43)(41) UCLA Anderson
(46)(54)(43) Washington St Louis Olin

Not that I intended on applying to either USC or UCLA, but I find the disparity between those two programs substantial given their relative closeness in most rankings.

I'm also a little surprised to see that the rankings do not necessarily correspond with class size. My overall impression was places like Darden and Tuck had strong reputations based on the tight-knit size of their classes, but many smaller programs such as Stern, Yale, Sloan and Tepper are beat out by Kellogg, Wharton, Booth, and Columbia, in both the composite metric and alumni effectiveness alone.
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Economist Rankings 2010 27 Sep 2010, 13:47
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This is the first time I have ever seen Rice ranked ahead of UT-Austin. Interesting.
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Economist Rankings 2010 27 Sep 2010, 22:49
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cool analysis, kudos!
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Economist Rankings 2010 28 Sep 2010, 14:37
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bad ranking by economist.

They must have decided by rolling a dice multiple times. :-D
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Economist Rankings 2010 28 Sep 2010, 14:51
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3underscore
All rankings are useless except the one's I agree with.
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So true! What is the point of having ranking systems if everyone is going to simply disagree with rankings that don't agree with their perceived notions of different schools?
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Economist Rankings 2010 30 Sep 2010, 09:42
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Economist has been consistently ranking schools such as HULT, Hently and the like waaaay above many top-tier programs like Duke. I don't have a clue as to how can they come up with this .........
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Economist Rankings 2010 30 Sep 2010, 10:24
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Economist Rankings 2010 30 Sep 2010, 10:43
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Furthermore, you can click on individual schools to see their scoring breakdown.

After closer inspection, however, it seems to me that Hult may have an error. Under section "C. Increase Salary (20%)" it says that the category is weighted 25% in favor of salary increase and 75% in favor of outright post-MBA salary. But Hult scored 1st overall in salary increase and just 60th on post-MBA salary and was given a composite C-ranking of 16th, which seems to imply the weight was incorrectly assigned backward.

Hard to say for sure without a comprehensive view of the distribution, but maybe this explains Hult? I should also add that if this really is an error, the size of it is so significant that I estimate Hult would drop 10-15 spots.
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Economist Rankings 2010 30 Sep 2010, 11:19
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It's interesting that they seem to view "work experience" as an unqualified "good" for student quality. I think there is something to be said for people who are more experienced, but this seems a pretty questionable inclusion.

Take note at what this did to the rankings. Harvard is 39th in student quality (Stanford's is 35th), despite the fact that they have, by far, the best yield of any school and the second highest GMAT.

I think it's fine for rating systems not to entirely comport with my own view of things as different ratings will attempt to value different things, but can we all agree that Harvard does not, at least, have only the 39th best student quality and Stanford's is not only 35th best?
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Economist Rankings 2010 01 Oct 2010, 02:01
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Some analysis by Poets&Quants here -

https://poetsandquants.com/2010/09/28/th ... 0-ranking/

Quote:
Con: The odd results of this ranking raise meaningful credibility issues with the methodology and the accuracy of the data some of these schools are providing to The Economist. Because 80% of the ranking is based on unaudited information from business schools, there’s a high likelihood that some data has been fudged. The Economist also throws into its ranking formula criteria that has little to do with the quality of education, such as the percentages of international and female students (giving these two questions alone nearly a 17% of the weight in the ranking), the range of overseas exchange programs (a 6.25% weight), and the number of languages offered (also given a 6.25% weight). That latter metric would be something more appropriate to an evaluation of undergraduate education. The former measurements are more “politically correct” than they are accurate indicators of quality. Yet, the most troubling problem of all is the lack of stability in these rankings. For a school to drop 37 places in rank within 12 months tells you that there is something rotten in Denmark (oops, we mean Belgium, or better yet, London, where this ranking is cranked out.)
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Well, to me arguments seem persuasive - ranking is quite frankly messed up.
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Economist Rankings 2010 01 Oct 2010, 08:21
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Interesting rankings. Never seen this style used before.
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