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HKUST > Yale, according to Financial Times?

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Intern
Joined: 29 May 2009
Posts: 28
HKUST > Yale, according to Financial Times?  [#permalink]

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04 May 2010, 14:25
Hi all. I was looking at the Financial Times ranking and oddly, HKUST Business School is ranked 9th over Yale School of Management, which is 16th:

In fact, HKUST is ranked above Yale, Stern, and Oxford.

I went to HKUST's site and they claim that 80% range of their GMAT scores are between 580-730:

Compare this to Yale, where the middle 80% range of their GMAT scores are between 660 and 760 (2010 class):

http://mba.yale.edu/MBA/students/class_statistics.shtml

How does the Financial Times compose these rankings? Is it because the US economy has been hit harder than Hong Kong/China, and because of the lower employment rates by new grads, Yale is ranked that badly?
Manager
Joined: 22 Oct 2009
Posts: 233
GMAT 1: 760 Q49 V44
GPA: 3.88
Re: HKUST > Yale, according to Financial Times?  [#permalink]

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04 May 2010, 15:56
1
I'm no expert, but it seems like it's hard to calculate a school's value outside of the country it exists within. If you want to work in Asia, go to HKUST. If you want to work in the United States, go to Yale. Aside from a few worldwide brands (HBS, Stanford, Wharton, LBS, maybe a few more), a school's value drops significantly outside of the home country. Even these worldwide brands (HBS, Stanford, Wharton, LBS) won't carry as much weight abroad -- but the drop isn't quite as significant.

In short -- I ignore worldwide rankings because it's almost impossible to compare them. It's all about perspective
Intern
Joined: 29 May 2009
Posts: 28
Re: HKUST > Yale, according to Financial Times?  [#permalink]

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04 May 2010, 21:52
YourDreamTheater wrote:
I'm no expert, but it seems like it's hard to calculate a school's value outside of the country it exists within. If you want to work in Asia, go to HKUST. If you want to work in the United States, go to Yale. Aside from a few worldwide brands (HBS, Stanford, Wharton, LBS, maybe a few more), a school's value drops significantly outside of the home country. Even these worldwide brands (HBS, Stanford, Wharton, LBS) won't carry as much weight abroad -- but the drop isn't quite as significant.

In short -- I ignore worldwide rankings because it's almost impossible to compare them. It's all about perspective

Isn't Yale a worldwide brand? I thought Yale is known quite well world wide...
Manager
Joined: 22 Oct 2009
Posts: 233
GMAT 1: 760 Q49 V44
GPA: 3.88
Re: HKUST > Yale, according to Financial Times?  [#permalink]

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04 May 2010, 22:08
gmattester123 wrote:
YourDreamTheater wrote:
I'm no expert, but it seems like it's hard to calculate a school's value outside of the country it exists within. If you want to work in Asia, go to HKUST. If you want to work in the United States, go to Yale. Aside from a few worldwide brands (HBS, Stanford, Wharton, LBS, maybe a few more), a school's value drops significantly outside of the home country. Even these worldwide brands (HBS, Stanford, Wharton, LBS) won't carry as much weight abroad -- but the drop isn't quite as significant.

In short -- I ignore worldwide rankings because it's almost impossible to compare them. It's all about perspective

Isn't Yale a worldwide brand? I thought Yale is known quite well world wide...

There's a difference between a university brand and a business school brand. Sure, Yale has a great university brand (undergrad, law. etc.), but the business school isn't the same caliber (yet) as the other parts of the university.

There are plenty of other examples of top schools with b-schools that aren't quite up to par. Cambridge and Oxford come to mind.

This entire concept holds much more weight if you want to go into a field full of MBAs where your potential employers will know about the business school you come from. If you're going into a field where business school isn't the normal path, then overall lay-person prestige may hold more importance.
Current Student
Joined: 26 May 2009
Posts: 685
Schools: Ross 2012
Re: HKUST > Yale, according to Financial Times?  [#permalink]

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05 May 2010, 06:05
By BW forum standards, the only ranking that matters is the USN rankings.
VP
Joined: 11 Dec 2006
Posts: 1428
Location: New York, NY
Schools: NYU Stern 2009
Re: HKUST > Yale, according to Financial Times?  [#permalink]

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05 May 2010, 07:04
The FT rankings are heavily influenced by International salary adjustments for quality of life. I would expect HKUST gets a boost for that, as does ISB.

milias wrote:
By BW forum standards, the only ranking that matters is the USN rankings.

milias - I can only imagine the BW forum collectively laid an egg when they saw the BW article about some MBAs choosing to leave the US. Plus the absurd 'twenty job offers' blatant lie...
_________________
Intern
Joined: 07 Nov 2009
Posts: 35
Re: HKUST > Yale, according to Financial Times?  [#permalink]

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05 May 2010, 07:15
FT rankings are based on purchasing power parity. Look at their methodology.
Manager
Joined: 15 Nov 2009
Posts: 50
Location: San Diego, CA
WE 1: 6 years - Telecom
Re: HKUST > Yale, according to Financial Times?  [#permalink]

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10 Jan 2011, 12:53
milias wrote:
By BW forum standards, the only ranking that matters is the USN rankings.

BW ranking doesn't matter in the BW forum?
Re: HKUST > Yale, according to Financial Times?   [#permalink] 10 Jan 2011, 12:53
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HKUST > Yale, according to Financial Times?

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