“It is good to know what the index is today, but better to know what it will do tomorrow” There c...
“It is good to know what the index is today, but better to know what it will do tomorrow” Ranking...
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The Financial Times has been publishing Business School rankings since 1999. The objectives are "to produce a listing of business schools that are producing the global managers for the 21st century". They are publishing five different rankings spread out over the whole year:
FT rankings are highly selective. Only business schools with a strong international orientation and a high reputation are eligible. The rankings are mostly global in its scope, some of them are european. The published rankings are dominated by English-speaking business schools, which is also due to some cultural biases embedded in the ranking methodology. This can be seen in the overriding importance given to salary-related criteria (40% of the weight) and the required publication in a selected group of 40 English language journals (10%).
In the fall of 2006, initial invitations to participate in the 2007 edition of Beyond Grey Pinstripes were sent out to 590 business schools worldwide. Working with the AACSB and other international accrediting associations, only in-person MBA programs with full-time enrollment were considered eligible in this survey cycle. An exhaustive outreach effort took place over the following months to assure that each business school that had not replied to our initial invitation received further information via email and, in many cases, personal phone calls from Aspen Institute Center for Business Education staff.
Schools that met the eligibility criteria and also communicated an interest in participating were given a personalized username and password that granted their staff access to the Beyond Grey Pinstripes online survey site. Pinstripes survey questions have been refined every two years. In 2006, Aspen CBE staff updated questions in consultation with an advisory group of thirty business school faculty. Two online tutorials were offered by Aspen CBE staff at the beginning of the survey period to offer schools an overview of how to use the survey tool. Throughout the data collection period, support was available to all participating schools via email and telephone.Read more: About the Beyond Grey Pinstripes ranking
- Explenation of the Methodology of the ranking of America Economia (in Spanish) -
El Ranking tiene por objetivo, medir la excelencia académica y la calidad de servicios que las escuelas de negocios ofrecen a sus alumnos y postulantes, usando como pivote su programa de MBA, pero considerando además otras actividades que son naturales y propias de las escuelas.
Para llevar a cabo el objetivo AméricaEconomía Intelligence utiliza una serie de variables, las cuales sintetiza en cinco factores:
- The following information is based on the Wall Street Journal 2008 EMBA methodology -
The Wall Street Journal's executive M.B.A. rankings are based on three components; how a school scored in a survey of E.M.B.A. students; how it fared in a survey of companies familiar with E.M.B.A. programs; and how well it imparted management and leadership skills identified as crucial in the student and company surveys.Read more: About the Wall Street Journal Ranking
- The following information is about the Business Week MBA ranking 2006 -
Since 1988, BusinessWeek has published its Best B-schools ranking every other year as a way to help prospective students find suitable MBA programs. Over the years, they have nearly tripled the size of the report, added new schools, and updated our methodology. Through all of this, the ranking has centered on one thing: customer satisfaction. They measure this by surveying not just thousands of students but the corporate recruiters who hire them.
In 2006, they sent a 50-question survey to 16,565 Class of 2006 MBA graduates at 100 schools in North America, Europe, and Asia. Overall, they received 9,298 responses, the same 56% response rate as in 2004. Nearly every school helped them to contact grads, though the Harvard Business School and the University of Pennsylvania's Wharton School declined to provide student contact information. Using publicly available sources, Business Week was able to reach nearly 39% of the Class of 2006 at those two schools, a significantly lower number than the overall response rate, but enough to make the findings statistically valid.
On the Web-based student survey, grads were asked to rate everything from teaching quality to the effectiveness of career services at their schools on a scale of 1-10. The Class of 2006 graduate survey results count for 50% of a school's total student satisfaction score. An additional 25% comes from the responses of 11,518 graduates in the 2002 poll and 25% from 10,074 graduates polled in 2004. Measuring six years' worth of data ensures that short-term improvements or problems don't sway the results. To eliminate outliers, 19 schools were removed from ranking consideration due to low response rates.
Next Business Week asked David M. Rindskopf and Alan L. Gross, professors of educational psychology at City University of New York Graduate Center, to analyze the data. The idea was to ensure that the results were not skewed by any attempts to influence student responses or otherwise affect the outcome. They tested the responses to verify credibility of the data to guarantee the poll's integrity. Once the student poll data was certified, the scores received a 45% weight in the overall ranking.
They also invited corporate MBA recruiters to fill out an online survey similar to that of the student survey. Of the 426 companies surveyed, 223 answered, for a response rate of 52%--up from 49% in 2004. Among the companies were those that hire anywhere from a few MBAs each year to those that hire hundreds. Except in rare instances, each company was allowed to complete one survey as a way to make sure the results would not be distorted.
Recruiters were asked to rate their top 20 schools according to the quality of a B-school's grads and their company's experience with MBAs past and present. Companies could only rate schools at which they have actively recruited--on campus or off--in recent years. Each school's total score was divided by the number of responding companies that recruited from the school. Because there tend to be greater differences among schools in the corporate survey than in the student poll, recruiter opinion can have a bigger impact on the overall ranking. To add depth and breadth to our recruiter survey, BusinessWeek this year added another improvement. Instead of basing each school's recruiter score on a single survey, as they have in prior years, Business Week combined the three most recent polls, as they do with the student surveys. The 2006 recruiter survey counts for 50% of the recruiter score, while the 2004 and 2002 surveys contribute 25% each. Combined, the three recruiter polls accounted for 45% of the final ranking. Another 23 schools with poor response rates in the recruiter survey were eliminated at this stage of the ranking.
Finally, Business Week calculated each school's intellectual-capital rating by tallying faculty members' academic journal entries in 20 publications, from the Journal of Accounting Research to the Harvard Business Review. Business Week also searched The New York Times, The Wall Street Journal, and BusinessWeek, adding points if a professor's book was reviewed there. The scores were then adjusted for faculty size. The final intellectual-capital score accounts for 10% of a school's final grade.