2014 Economist MBA Rankings

2014 Economist Full-Time Global MBA RankingsDownload your free copy of MBA Rankings: What You Need to Know

1. Chicago Booth (U.S.)

2. Dartmouth Tuck (U.S.)

3. UVA Darden (U.S.)

4. HEC Paris (France)

5. IESE Business School (Spain)

6. Harvard Business School (U.S.)

7. UC Berkeley Haas (U.S.)

8. NYU Stern (U.S.)

9. Stanford GSB (U.S.)

10. Columbia Business School (U.S.)

11. UPenn Wharton (U.S.)

12. MIT Sloan (U.S.)

13. UCLA Anderson (U.S.)

14. Northwestern Kellogg (U.S.)

15. London Business School (U.K.)

16. University of Queensland Business School (Australia)

17. Emory Goizueta (U.S.)

18. INSEAD (France)

19. Yale SOM (U.S.)

20. Michigan Ross (U.S.)

Top 10 MBA Programs for “Potential to Network”

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Top 10 MBA Programs for “Potential to Network”

1. HEC Paris (France)

2. Vlerick Leuven Gent Management School (Belgium)

3. Thunderbird School for Global Management (U.S.)

4. NYU Stern (U.S.)

5. UC Berkeley Haas (U.S.)

6. Notre Dame Mendoza (U.S.)

7. Warwick Business School (U.K.)

8. USC Marshall (U.S.)

9. Melbourne Business School (Australia)

10. UVA Darden (U.S.)

A Poets & Quants article on the rankings states that at least 17 business schools declined to participate in this year’s rankings, many claiming that The Economist’s methodology is faulty. Some of these schools include Babson Olin, Toronto Rotman, Sauder School (British Columbia), Minnesota Carlson, McGill Desautels, Purdue Krannert, and, University of Manchester (U.K.), Imperial College Business School (U.K.), University of Illinois at Urbana-Champaign.

Regarding methodology, 80% of the data used for the rankings is derived from surveys provided by the schools themselves. The remaining 20% of information comes from current students and recent grads.

John Byrne notes that since The Economist rankings launched in 2002, Harvard, Stanford, and Wharton have never topped the charts. This year, the schools rank at 6th, 9th, and 11th place, respectively. In 2005, Harvard and Wharton weren’t included in the rankings as they declined to contribute data. (That year, those two programs also declined to participate with the Businessweek rankings.)

Matt Symonds, who wrote a critique of the rankings, “Leave no MBA ranking unquestioned,” provides these additional points:

• Booth took the #1 spot for the third year in a row, and the fifth time in the last eight years.

• There are only six European schools in the top 25; in 2008, there were 11. This year, Cambridge Judge and Oxford Saïd both dropped 15 places, to 52nd and 69th place respectively.

• The breakdown of the criteria used to rank the schools goes as follows: personal development/education experience (35%), open new career opportunities (35%), increase salary (20%), and potential to network (10%).

• This year, more than 20 schools rose or fell by double-digits (and thus the rankings have been criticized for their volatility).

• Big droppers include University of Bath School of Management which fell 23 spots from its previous 20th place; York Schulich fell to 41st place from 22nd last year.

• Big jumpers include Kellogg and Yale which both jumped 9 places up to 14th and 19th place respectively; Rochester Simon and Temple Fox both jumped 20 places to 58th and 57th place respectively.

Are You Misusing the B-School Rankings?

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• MBA Rankings: Why Should I Care?
MBA Rankings: What You Need to Know
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Columbia Applicants – Have You Registered?

Register for our live webinar: Get Accepted to Columbia Business School!

Hey future Columbia students, have you signed up for our upcoming webinar, Get Accepted to Columbia Business School?

During the webinar, Linda Abraham, Accepted’s CEO & Founder, will explain the do’s and don’ts of applying to CBS.

This is important stuff folks – you don’t want to miss it!

It’s not too late (though it will be soon), so grab your seat by registering now!

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What Does “At The Very Center of Business” Mean for CBS Applicants?

Want to learn the secret to getting accepted to Columbia Business School?Episode 1 in our Big Brand Theory Series for MBA applicants: Columbia Business School’s motto.

Columbia Business School Essay 2 asks you to watch a short video entitled, “The Center” and then use it to answer the question, “How will you take advantage of being ‘at the very center of business’?” The video and the essay question are Columbia’s attempts to regain its brand and market share.

Over the years, Columbia strayed from its core strength: its geographic location and the access that the school offers its students. As a reaction to New York’s financial industry shrinkage and then, a drop in applications, they began pitching teams, clusters, and close-knit communities. I’m sorry, but those words do not even begin to describe Columbia.

CBS is just like New York: historical, large, gritty, and filled with surprises. It doesn’t coddle its students, and its students don’t expect to be coddled. They are smart, resourceful, and assertive.

So what does it mean to be at the very center of business? Well, you have the usual suspects: access to corporate world headquarters, brown bags with executives, subway rides to everything. But I ask you, where else can you have an accidental meeting at a cultural event with the Morgan Stanley’s CEO, James Gorman, or award winning entertainer and entrepreneur Dr. Dre?

Columbia wants its students to embrace New York and at the same time not allow the abundance of everything to intimidate them.  Years ago, I watched a Columbia Business School PowerPoint presentation. The closing slide displayed a world map. The Columbia campus was superimposed on a big red apple that spread over half the Atlantic Ocean and an arrow pointing to the apple as the “Center of the World.” I keep that image in my mind as I offer my Accepted.com clients my best rendition of the song, New York, New York, “if you can make it there, you can make it anywhere” (High kicks and all. Fortunately they can’t see me when I do it)

As a former admissions dean and director, I would expect to see an answer to that essay that would enable me to identify (and admit) people who thrive in the hustle bustle of New York.  I would want my applicants to capture the energy of the city that never sleeps. At the same time, I would filter out students who would be intimidated by New York. I would want my students to love their NYC experience: rats, roaches and all.

And now I need an Accepted.com consultant to help me edit this blog down to 250 words or less.

(Look for next week’s episode of the Big Brand Theory: Kellogg – Are you Growth Minded?)

Discover the Secret to Acceptance at Columbia Business School! Click here to register for the free webinar!

Natalie Grinblatt Epstein By , who when she’s not listening to old Frank Sinatra songs about New York, consults with Accepted.com clients and reminisces about her Admission Director days.

 

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2 Reasons Why You Love Columbia that You SHOULDN’T Share in Your App (and 2 that You SHOULD)

Register for our live webinar: Get Accepted to Columbia Business School!

Let’s face it, even if Columbia weren’t smack in the middle of NYC, it would still be an amazing business school, so you need to make sure that when you explain why CBS is the school of you, you don’t focus exclusively on the city, but include attractive aspects of the school itself.

2 Reasons You Should Keep to Yourself:

1. You love the underground world of tunnels and subways.

2. Sony Theater has the world’s longest free-standing escalator, and it’s only 11 minutes from CBS.

2 Reasons You Could Share:

1. You’re excited about the access and opportunities Columbia provides because it is at the center of an international business hub. And you can give specific examples of how you intend to take advantage of that accessibility.

2. You love the cultural richness that Columbia pulls from its central location in NYC – from Nobel Prize winning professors to unique consulting projects to clubs relating to the arts.

Listen, the fact that Columbia is in NYC is a perk – a huge perk – but remember, you’re applying to the school, not to the city!

Want more tips about how to apply successfully to Columbia Business School? Register for our upcoming webinar, Get Accepted to Columbia Business School, which will air live on Wednesday, October 29, 2014 at 10:00 AM PST/1:00 PM EST. Spaces are limited – grab yours now!

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Top 10 Most Expensive Private Business Schools in the U.S.

In 2013-2014, b-school prices at private, elite business schools in the U.S. increased about $3,000 since the previous academic year. The average tuition for these 10 costly programs is almost $13,000 more than the average tuition of all ranked programs.

By contrast, one of the least expensive schools (not listed below) is Brigham Young’s Marriott School of Management with tuition and fees at $22,560 (and only $11,280 for students of the Church of Jesus Christ of Latter-day Saints faith).

Check out our B-School Zones to learn more about the top MBA programs!

Source: U.S. News “The Short List”

Check out our free webinar: How to Pay for Your MBA

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