bschoolinsight wrote:
@RVD: That's absurd. What's the point of the ranking then? I happen to agree that those 3 are top 10 schools, but you cannot make a blanket statement like that because it invalidates the very reason for a ranking.
@ankitraheja: Most people recognize US News & World Report and BusinessWeek as the two most reliable rankings. However, it truly depends on what you're looking for. Those two do not really account for international programs as does the Financial Times ranking, and they weigh less heavily the feedback of recruiters, which is the basis for the (often controversial) WSJ ranking.
David Aktary
Editor
https://www.bschoolinsight.comTherein lies the problem with rankings. Rankings of what? If you want to rank which schools have the best parties, it's going to be much different from the rankings of the schools with the best finance program or schools with the best marketing program or schools with the best international program, etc.
Which publication has the best rankings? There's really no answer to that question unless you ask "rankings of what aspect?"
Even overall rankings are misleading. Overall of what? Everything? Some people only care about reputation and brand while other care about faculty/student ratios. Some students want the best quality education for the best price while others don't care about money, they want the most prestige.
With all that said...most people who actually look at rankings are looking for prestige. They want to say "I go to the #1 ranked school" or "I got into the #4 ranked school" or "I go to a top 10 school", etc.
The reality of the situation is that based on prestige, brand, reputation, etc...the top 3 have consistently been H/S/W. So when you have a ranking that puts Chicago as #1 (like business week), the rankings are meaningless (well, even more meaningless than rankings normally are). Businessweek says michigan (Ross) is #5 and Stanfurd is #6. What does that mean? Does it mean that Ross is a better (whatever that means) school than Stanfurd? Speaking in general terms, if a students gets into both, should he/she generally go to Ross over Stanfurd?
The reason why I say that H/S/W should be in the top 3 is because they are still considered the top 3 schools in terms of prestige. Of course as years go by another school may overtake the top 3 but this year, they are still the top 3. Rankings are useless anyway but any ranking that says otherwise is even more useless.
RVD.