Business Week 2017 Rankings are out - MIT#3, Yale/Stanford Drop

Question

Business Week 2017 Rankings Full Story: https://www.bloomberg.com/graphics/2017 ... s-schools/

BillyZ · Answer

Harvard Is Ranked Best Business School for Third Straight Year

Harvard Business School offers the nation’s best MBA program, the third straight year the Massachusetts-based school has bested its peers in our annual ranking of graduate business schools.

The Wharton School at the University of Pennsylvania and the MIT Sloan School of Management jumped into the second and third spots, bumping Duke University’s Fuqua School of Business and the Tuck School of Business at Dartmouth from the top five. Penn State’s Smeal College of Business jumped 12 spots to crack the top 25. Other schools experienced a steep fall, such as the George Washington University School of Business, which tumbled 14 spots to fall out of the top 50.

Each school’s ranking is based on surveys of recruiters, alumni, and students, as well as recent graduates’ success at landing jobs and securing high starting wages.

Want a great chance at landing a salary that’ll be the envy of your peers? Try Stanford Graduate School of Business, which produces MBAs that, on average, secure the highest pay in the country immediately after graduation (even though recruiters don’t seem to value them all that highly, ranking them 20th when it comes to preparing graduates for the workforce).

Columbia Business School produces the biggest share of MBAs that immediately get to work in the financial services industry. A larger share of MBAs from the Brigham Young University Marriott School of Business go into tech than Silicon Valley stalwarts Stanford or the Haas School of Business at the University of California at Berkeley.

Fancy a job in Asia? The Rady School of Management at the University of California at San Diego could be your best bet, since about two of every five among its recent MBAs end up taking jobs there.

cxa0897 · Answer

There's so little credibility when 80% of the metric is based on surveys.

It'd be foolish to say there's not some sort of collusion (or at least some bias) involved there.

redfield · Answer

Might explain why the Poets&Quants guys hate this ranking.

And despite being such a radically different methodology, Michigan Ross simply CANNOT escape 11, 12, & 13 spots haha. It seems like the only school to be in a fixed location regardless of ranking and always just on the cusp of top ten.

cxa0897 · Answer

I agree with them on most of their complaints.

My biggest issue with these rankings is the volatility. Unless there is a really fundamental change to the program (e.g. Ohio state is overhauling their career services experience next year) or major changes in employment results (e.g. double digit drop in 3 month %) there shouldn't be much movement in the rankings. It's natural for salary numbers and gmats to fluctuate a little bit and this shouldn't move a school up or down 10 places in a rank, that's just ridiculous. This is kind of heresy, but maybe a 3 year average would be a better standard for these rankings. It would certainly aid in providing some consistency at the least...

bb · Answer

Yes, when surveys are involved all students attempt to make their school look as good as possible.... and those who have really bad results (e.g. did not find a job, don't feel like their survey contribution will help them or their school so they choose not to respond)

I agree that volatility definitely casts quite a shadow in the area that can't seem to be so well measured...

I agree that volatility definitely casts quite a shadow in the area that can't seem to be so well measured...

Business Week 2017 Rankings are out - MIT#3, Yale/Stanford Drop

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