More BW Rankings: Best International B-Schools 2014

I hope you didn’t think we were done with this year’s Businessweek rankings! Next up…the top 20 international MBA programs.

Learn how to make the business school rankings work for you, not against you!

Here are some highlights:

• There are 2 new schools to the top 10 this year, both of which were unranked in 2012: ESMT (3rd place) and Cambridge Judge (6th place).

• ESADE fell dramatically from 6th place in 2012 to 19th place this year. The other school to fall from the top 10 this year was McGill Desautels, which dropped from 10th place to 15th

• Other schools taking a hit this year include Imperial College London (fell from 13th to 23rd); York Schulich (14th to 24th), Erasmus Rotterdam (17th to 25th), and Manchester (19th to 26th).

• New to the rankings this year are ESMT and Cambridge Judge (as mentioned above), as well as Cranfield (ranked at 13 this year), CEIBS (17th place), Concordia Molson (20th), Hult (21st), National University of Singapore (22nd), and Melbourne (27th).

BW provides a comprehensive chart where you can look at the specific ways these schools were ranked, including Intellectual Capital Rank, Employer Survey Rank, and Student Survey Rank. These are all explained in the ranking methodology section.

For Linda’s analysis of the BW rankings and their increased volatility, please see “Businessweek Rankings 2014.”
Are You Misusing the B-School Rankings? Accepted.com: Helping You Write Your Best

Related Resources:

• Businessweek Rankings 2014
• MBA Rankings: Why Should I Care?
• Top 10 B-Schools with the Most Satisfied Graduates

2014 Economist MBA Rankings

2014 Economist Full-Time Global MBA Rankings:Download 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 B-Schools with the Highest GMAT Scores:

table

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?

Accepted.com: Helping You Write Your Best

Related Resources:

• MBA Rankings: Why Should I Care?
MBA Rankings: What You Need to Know
• Top 10 B-Schools with the Most Satisfied Graduates

The Money will Sort Itself Out: IV with a Future INSEAD Student

Click here for more MBA applicant interviews!This interview is the latest in an Accepted.com blog series featuring interviews with MBA applicant bloggers, offering readers a behind-the-scenes look at the MBA application process. And now…introducing Hasmita Nair.

Accepted: First, can you tell us a little about yourself? Where are you from? Where and what did you study as an undergrad? What is your favorite non-school book?

Hasmita: I’m a South African and was born in a small coastal town called Port Elizabeth. I later moved to a bigger city, Johannesburg, and studied Actuarial Science at the University of Witwatersrand. After that, I worked at Procter and Gamble as a financial analyst, then moved to Nedbank Capital where I worked in Market Risk, and for the past 4 years I’ve been at Anglo American in Treasury.

I love reading; my favourite book is probably A Thousand Splendid Suns by Khaled Hosseini.

Accepted: Congratulations on your acceptance to INSEAD! Why do you think this is the best program for you? What are you most looking forward to?

Hasmita: There were a few things that attracted me to INSEAD. First, the global appeal of the school. I loved that I could study in both Singapore and France. I also liked the fact that it is a relatively short MBA. Because I am self funded, the U.S. MBAs of 2 years+ were not really an option for me.

Accepted: Can you talk about how you raised your tuition money? 

Hasmita: I got a partial scholarship from INSEAD, and also got a loan from Prodigy for a portion. For the rest, I used money generated from the sale of my apartment and my car. As a last resort, I was going to cash out my pension but I’m glad I didn’t have to.

Accepted: Can you share a few tips for our applicants who may also be struggling with how to finance their MBAs?

Hasmita: I think that if you can get into a world class MBA, the money will sort itself out. Money is really not a reason not to apply if you believe you have the potential. There are so many scholarships out there, and student loans are always an option too. I like to think that my salary post MBA will make it worth being in all this debt now.

Accepted: Do you plan on returning to that industry after you graduate, or entering a new field? 

Hasmita: My hobby is freelance journalism, I write for a few magazines and a national newspaper, focusing on food and travel. I would love to merge my passion for writing with finance somehow. Perhaps strategy for a large travel company? I’m keeping my options open right now.

Accepted: Looking back, what was the most challenging aspect of the b-school admissions process? How did you approach that challenge and overcome it?

Hasmita: Because the deadlines were all at similar times, and I applied to 8 schools, the application process was all consuming for a period of time. The application essays were grueling, and it took a lot of time and energy. Applying was also expensive; I just paced myself and took it one step at a time. I also project managed my referees, because asking them to complete 8x referrals was an equally grueling request. I made them aware of what needed to be done long in advance and all went smoothly.

Accepted: Can you tell us more about your blog? When did you start blogging? What have you gained from the experience? Do you plan on continuing to blog over the course of your studies?

Hasmita: My blog, Jozilicious, started as a way for me to express myself creatively. I’ve always been passionate about food and travel, and found myself giving recommendations to people a lot, so I thought that I’d be better off posting all my favourite spots online. About a year and a half ago, I was offered my own page in a national newspaper, and after that my freelance journalism career took off. It’s been great to have such a fulfilling hobby, but it does get difficult managing my time. I am definitely planning to blog while I’m in Singapore and France. I think my readers will be interested to see what I’ve been up to.

For one-on-one guidance on your b-school application, please see our MBA Application Packages. For specific advice on how to create the best application for INSEAD, check out our INSEAD 2014 MBA Essay Tips

You can read more about Hasmita’s b-school journey by checking out her blog, Jozilicious. Thank you Hasmita for sharing your story with us!

Navigating the MBA Maze

Accepted.com

1000+ Students to Compete in Europe’s 24th Annual MBA Tournament

Students from 13 European business schools compete to take home some sporting glory.

Students from 13 European business schools compete to take home some sporting glory.

This year’s MBA Tournament (MBAT), a three-day sporting event organized by HEC Paris students in which 1,150 students from 13 European business schools compete to take home some sporting glory, will take place this weekend from the 8th-10th. This year there will be 23 sport competitions, including cricket, rugby, football, poker, chess, and ultimate frisbee.

According to MBAT Co-President Katrina Senn, “The MBAT is one of the best things we do at HEC Paris. The competition brings classmates together as a team and lets us show other schools what we’re capable of. In fact, this year, we’re seeing increased participation from all of the schools coming to compete as it continues to gain in popularity.”

The event, which is the largest gathering of MBA students in Europe, provides students an opportunity to network, develop team skills, and have fun.

This year’s participating schools are:

University of Cambridge Judge Business School
• Cranfield University School of Management
IE Business School
INSEAD
London Business School
• Manchester Business School
• University of Oxford Saïd Business School
• RSM Erasmus University
• TiasNimbas Business School
• ESADE Business School
• IESE Business School
• Lancaster University Management School
HEC Paris

Download our free special report: Best MBA Programs

Accepted.com

An Inside Look at INSEAD

Listen to the full recording of our interview! INSEAD. The place where graduates speak three languages. And where 40% of graduates go into consulting.

Listen to the recording of our conversation with Pejay Belland, Director of Marketing, Admissions & Financial Aid at INSEAD, for great insights into the program and tips that applicants to any MBA program should know.

00:01:42 – Singapore, Fontainebleau, and the USA in 10 months?

00:03:25 – Does the exchange program come at the expense of community?

00:05:04 – Why INSEAD likes consultants and consultants like INSEAD.

00:07:33 – Entrepreneurship at INSEAD (50% of grads start their own company at some time in their career!).

00:09:52 – Changes to the INSEAD application: Really getting to know candidates as people.

00:16:25 – The new dean and his initiatives.

00:18:51 – The video essay: in the cards.

00:20:38 – INSEAD’s admissions process and what it means for applicants.

00:24:32 – Can you demonstrate “international outlook” if you’ve never left your home country?

00:25:42 – What Pejay wishes she could tell all applicants.

Listen to the full conversation to learn more!

Admissions Straight Talk Subscribe to Admissions Straight Talk in iTunes so you don’t miss  a single show!

*Theme music is courtesy of podcastthemes.com.

Relevant Links:

•  INSEAD
•  INSEAD Admissions Video
•  INSEAD Application Essay Tips
 MBA Admissions A-Z: 26 Terrific Tips
•  2014 Virtual Panel: Exploring European B-Schools

Related Shows:

•  Leadership is King: Interview with IMD’s Lisa Piguet
•  Global Business Leadership at Wharton’s Lauder Institute
•  The Stanford MSx Program for Experienced Leaders
•  Case Interview Secrets and More with Victor Cheng

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