QS Global TopMBA Rankings 2014

TopMBA’s new 2014/2015 global report ranks business programs according to geographic location based on surveys completed by 5,669 actively-hiring MBA employers and 7,187 academics in the field of business and management. (See more about the methodology here.)

Top 20 B-Schools in North America

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

Some highlights:

•  The top 10 remained virtually the same this year as last, with two rather large exceptions: Ross and Stern entered the top 10 scene from 12th place to 8th place for Ross and 12th place to 10th place for Stern. Losing top 10 stature this year were Duke Fuqua which fell from 10th to 13th place and Toronto Rotman which fell from 8th to 14th.

•  There were three newcomers to the top 10 this year – NYU Stern (see above), Texas McCombs (29th last year to 19th this year), and BU School of Management (24th to 20th). HEC Montreal fell from the top 20 (16th place last year to 22nd this year), as did York Schulich (13th to 28th) and Queen’s School of Business (18th to 31st).

•  Big jumpers further down in the rankings include USC Marshall (42nd to 23rd), UC Irvine Merage (51st to 33rd), UC Davis (54th to 36th), Michigan State Broad (71st to 38th), UC San Diego Rady (61st to 40th), Ohio State Fisher (60th to 42nd), UT Dallas Naveen Jindal School of Management (83rd to 45th), Washington Olin (83rd to 47th), and Minnesota Carlson (87th to 49th).

•  Big droppers include UVA Darden (28th to 37th), University of Miami School of Business Administration (32nd to 77th), Rutgers Business School (67th to 82nd), and Vanderbilt Owen (37th to 86th).

Top 20 B-Schools in Europe

Learn how to make the rankings work for you and not against you!Some highlights:

•  HEC Paris jumped from 10th place last year to 4th place this year and Cambridge Judge jumped from 13th to 10th place; otherwise, the top 10 in Europe remain pretty much the same. Copenhagen fell from the top 10, from 9th place last year to 12th place this year.

•  New to the top 20 this year are ESSEC (29th place to 16th place), Manchester Bossiness School (27th to 14th place), and European Business School (21st to 19th). Trinity MBA in Dublin fell from the top 20, from 12th place to 21st

•  UK programs dominate the 65 schools on the European list with 26 programs represented. This is followed by France (9), Spain (5), Switzerland (4), Germany (4), the Netherlands (4), Italy (3), Denmark (2), Ireland (2), Greece (2), Finland (1), Portugal (1), Turkey (1), and Belgium (1).

You can download the full report here.

Are You Misusing the B-School Rankings?

Accepted.com: Helping You Write Your Best

Related Resources:

• Businessweek Rankings 2014
• 2014 Economist MBA Rankings
• MBA Rankings: Why Should I Care?

Team-Based Discussion Interviews

Check out our Wharton Zone for info, tips, stats and more.

Make your goal the team’s success, not its adoption of your idea.

Wharton and Ross initiated a new MBA interview format, the team-based discussion (TBD). This type of interview brings a group of applicants together in person to work through a problem together as an organizational team does. This team activity is followed by a short one-to-one talk with an adcom representative (either a second-year student or an adcom member). It is now part of Wharton’s regular mode for interviews. At Ross, it’s not required, and they use traditional methods for their evaluative interviews.

Why adcoms use this method:

• Some adcoms have found traditional interview modes increasingly ineffective as they feel that candidates over-prepare and over-strategize for interviews, thus undercutting authenticity.

• The adcoms want to see the candidates in team action, since students’ success in the program (and in their future career) will rest in part on their teamwork and interpersonal skills.

• This approach gives the adcom insight into the applicants that no other application component provides – how they actually respond to people and situations in real time.

• The post-activity discussion shows your ability to self-reflect and analyze your own role and performance – qualities the adcom values.

Process:

Wharton – When you receive an invitation to interview, you’ll go online and select a time and date to attend a 5- or 6-member, approximately 45-minute TBD. Wharton will send you a prompt, which is the topic for the team activity; Wharton advises spending about an hour preparing with this prompt. In the TBD, each person will have a minute to articulate his own idea on the topic, and then the team will work together toward a group decision. After the TBD, you will meet individually with one of the two evaluators for 10-15 minutes to discuss your thoughts on how it went. You and the evaluator may discuss other topics as well.

Ross – Ross sends no prompt. Rather, it’s more like a team-building activity. You’ll receive the invitation to participate when you receive your regular interview invite, and can accept or decline. If you accept, you’ll meet in a group of 4-6. The team is given 2 words, and they first prepare individual presentations connecting these words (10 minutes for this portion). Then the group receives additional random words, and they have 20 minutes to prepare a team presentation that uses the words to address a problem and articulate a solution. The individuals in the team, not the team as a whole, are evaluated either by second-year students or adcom members, who also interview them separately afterward.

Benefits and pitfalls for applicants:

• Benefit: You can showcase your interpersonal, team, and leadership skills more vividly than any essay or individual interview could portray.

• Benefit: You can get a real flavor of the programs’ teamwork dynamic.

• Benefit: You can enjoy meeting peers and potential classmates.

• Drawback: You have less control, as you have to assess and respond to the group dynamics instantly; there is no margin for error.

• Drawback: Logistically it’s complex – always harder to get a group together.

• Drawback: While the adcoms think it gives them a lens on you as a team player, in “real life” you usually have some time to adapt to a new team, and your true teamwork abilities will come out over time as you respond, whereas here there’s no time to grow and adapt with the team, so it’s a somewhat artificial setup.

How to make this type of interview work for you (this is in addition to all the common sense advice for good MBA interviews):

• Review Accepted.com’s tips for this interview format.

• For Wharton, prepare and practice your one-minute presentation.

• For Ross, do the word activity with yourself or a friend, to get used to it.

• Think about your inclinations, behaviors, feelings, and approaches when working in a team or group setting, and also ask a colleague or two for some objective feedback. You shouldn’t change your natural approach, but you can certainly play to your strengths and minimize negative tendencies.

• Read online about other applicants’ experiences with the group interview.

•Make your goal the team’s success and ability to complete the assigned task, not its adoption of your idea.

[NOTE: This post is part of a series about MBA interview formats, click here to check out the rest of the posts]

Have a TBD Coming Up? Practice with the pros before your big day! CLICK HERE TO REGISTER FOR A MOCK WHARTON TBD!

Cindy Tokumitsu By , author and co-author of numerous ebooks, articles, and special reports, including Why MBA and Best MBA Programs: A Guide to Selecting the Right One. Cindy has advised hundreds of successful applicants in her fifteen years with Accepted.com.

Related Resources:

MBA Interview Formats Series
• Seven Tips for MBA Interview Prep
• How to Prep for Your MBA Interviews

Businessweek Rankings 2014

Let’s see how full-time MBA programs in the U.S. fared this year on the BW rankings…

Check out our Zone Pages for more info about the top MBA programs!

There were some huge changes this year! Let’s take a look at some of the highlights:

• Newcomers to the top 20 this year are Yale SOM, which made a huge jump from 21st place to 10th place; Maryland Smith which went from 24th to 17th place; and Emory Goizueta which jumped from 22nd place to 18th place this year.

• There are three new schools in the top 10 this year – Yale SOM, as mentioned above; Columbia Business School (13th in 2012 and 5th this year); and CMU Tepper (which moved just one place from 11th place to 10th place).

• Beyond that, there was some major shifting in the rankings. The top 3 schools were all different this year (Wharton and Booth still there, but rearranged), with Harvard Business School falling from 2nd place to 8th place.

UVA Darden also fell significantly this year, from 10th place to 20th.

• Big jumpers further down the rankings include Rice University Jones (from 34th to 25th); UC Irvine Merage (43rd to 31st); and Rochester Simon (50th to 38th).

• The schools that fell the most in the rankings include Texas A&M Mays (26th to 42nd); University of Wisconsin-Madison (33rd to 44th); Boston University (39th to 57th); Babson Olin (from 42nd to 58th); Thunderbird (45th to 62nd); and Arizona Carey (49th to 67th).

And here’s the scoop on the best U.S. undergraduate business schools in 2014…

Do MBA rankings really matter? Click here for the 2-min answer.

Some highlights include:

• Newcomers to the top 20 are Northeastern (from 25th last year to 19th this year) and CMU Tepper (from 24th last year to 17th this year).

• The only new school in the top 10 this year is Indiana Kelley, which jumped from 13th place last year to 8th place this year.

Michigan Ross fell from the top 10, from 8th place to 12th place.

• Big jumpers include Southern Methodist Cox, which jumped from 30th to 21st place; Babson, which jumped from 36th place to 26th place; UM Amherst Isenberg, which jumped from 45th to 36th; Bryant, which jumped from 63rd to 49th; and Case Western Reserve Weatherhead which jumped from 69th to 50th.

• Big falls include Villanova, which fell from 15th place to 24th; U of Illinois Urbana-Champaign which fell from 21st to 34th; and James Madison University which fell from 29th to 40th place.

For details on how ranking methodology see:

Best Business Schools 2014: How They Were Ranked

Best Undergraduate Business Schools 2014: How We Ranked Them

Analysis of the 2014 Businessweek Rankings

Businessweek made changes to its methodology (presented here and analyzed here by John Byrne, the founder of the BW rankings) this year.

The Basics of BW’s Rankings Remain Unchanged

This year, as in the past, BW surveyed recruiters and students. The recruiter satisfaction results comprise 45% of the ranking. The student satisfaction survey results comprise another 45% and the remaining 10% is determined by “expertise of each school’s faculty” as evidenced by faculty research published in prominent academic journals AKA intellectual capital.

What’s New in BW’s Rankings Methodology?

• The employer ranking reflects this year’s data only. Previous rankings used data from the last three surveys or six years of biannual rankings data while weighting the most recent year most heavily.

BW surveyed fifteen times the recruiters this year than it did in previous years. Previously, BW surveyed major recruiters who tended to recruit at multiple business schools. This year, BW attempted to survey as many MBA recruiters as possible, including “recruiters” who recruit primarily if not exclusively at their alma mater. The increased survey size is a major methodology change. The alumni recruiters may have a certain bias towards the school they attended. BW attempted statistically to reduce the impact of that bias, but it probably helped smaller schools like Duke, Tepper, and Yale, and hurt the traditional leaders, like Harvard, Wharton, and Chicago.

Impact of the Methodology Changes

• Surprise! The results will shock many applicants. Seven programs, including Duke and Yale, rank above HBS and MIT. Indiana Kelley and Maryland Smith rank above Haas, NYU Stern, and Darden. These are unexpected results.

• Reemphasizes the importance of understanding methodology. The changes highlight the need for anyone using the rankings as indications of “quality” or even reputation and brand value (a bad idea in my book) to look at the underlying data. Smith is ranked overall at 17. It was ranked #1 for student satisfaction and #51 in the employer survey ranking. Applicants to Smith should inquire about what is changing in its career management center. Clearly there is a satisfaction gap that has to be addressed.

• Increased volatility. Since BW has removed older rankings data from the ranking and has dramatically widened the survey pool while incorporating alumni recruiters, you are guaranteed to see more changes and more radical changes than with the previous methodology.

• Cognitive Dissonance. Either BW rankings will lose credibility because they don’t conform to expectations and will be more volatile, or people’s perception of the programs will change because of the BW rankings.

My money is on the former: loss of credibility. If BW’s results become less stable and predictable (like The Economist’s), they are more likely to lose credibility than to contribute to changes in school reputation.

As always my best advice to applicants reviewing the rankings is to:

• Use specialty rankings to get a sense of what schools excel in your areas of interest.

• Use the data that the ranking databases provide.

• If you have any thought of actually using the overall rankings, understand what they measure, and ask yourself if those qualities are of paramount importance to you. BW has been wonderfully transparent and even shared the questions actually asked in the survey.

• Layer in reputation and brand, i.e. ranking, after determining what schools best support your goals and are most likely to accept you.

Learn How to Choose the Best MBA Program for You!

Linda AbrahamBy Linda Abraham, president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools.

 

Related Resources:

• 2014 Economist MBA Rankings
• MBA Rankings: Why Should I Care?
• U.S. News 2015 Best Colleges

Get Ready, Get Set, and ACE that Team Interview Challenge!

Have a TBD interview coming up? Practice with the pros before your big day!

Participate, don’t dominate!

The team-based interview/discussion. Not as straightforward as the traditional one-on-one interview, many applicants feel tripped up and nervous just thinking about it. Well now you can WORRY NO MORE. We’d like to help you prep for your upcoming team-based interview/discussion by offering you the following tips (with a special emphasis on #4):

1. Participate, don’t dominate. Balance is key here. If you chime in infrequently, then you won’t give the group (not to mention the interview leader) an opportunity to hear your voice and get to know you; run your mouth non-stop, however, and they may get to know you more than they’d like. Take the middle ground here and participate as though you would in a regular polite conversation.

2. Politeness matters! Thought-provoking, interesting comments are always welcome, but don’t cross the line into overly controversial, and certainly not offensive.

3. Dress the part. The idea of a discussion is meant to induce a feeling of casual conversation, but not too casual! Your board shorts and Hawaiian shirt? Save that for your next luau. Instead, stick with business attire only.

4. Attend our upcoming Mock Wharton Team-Based Discussion. The best way to prep for your team exercise is by experiencing one first-hand before interview day. Join us on Tuesday, November 11th at 4:00 PM PT/7:00 PM ET or on Monday, November 18th 10:00 AM PT/1:00 PM ET for a simulated group interview that will provide you with the ins and outs, not to mention a huge boost of confidence, when it comes to your Wharton Team-Based Discussion or any other group interview or activities you may have coming up. You must purchase this service in advance to reserve your spot.

We wish you lots of luck! Please be in touch with any questions!

Have a TBD Coming Up? Practice with the pros before your big day! CLICK HERE TO REGISTER FOR A MOCK WHARTON TBD!

Accepted.com: Helping You Write Your Best

Team-Based Interview Invites Sent Out to Wharton and Ross Applicants!

Click here to register for a mock Wharton TBD! The admissions teams at Wharton and Ross have sent out interview invitations over the last few weeks. If you received one, congrats! Here are some tidbits about the Ross interview invites:

• Invitations were sent out on Monday, October 20th.

 • If you didn’t receive an interview invitation, that doesn’t necessarily equal a ding – you could still be waitlisted or asked to interview during Round 2.

• If you’re wondering about the percentage of interviewed applicants that get admitted, Soojin Kwon, Michigan Ross’s Director of Admissions, explains: “[T]hat depends on the number of interview invitations we make – which varies from year to year depending on the approach we want to take (e.g., cast a wide net, which could mean more interviewees are placed on the waitlist), and the number of admission offers we make, which depends on projected yield (i.e., our estimate of how many admits will decide to enroll).” So don’t necessarily create predictions based on previous years’ numbers!

• The Ross blog provides links to helpful videos on interviewing at Ross. See here and here.

And for Wharton:

• Round 1 team-based discussions will be held on campus (in Philadelphia), as well as at off-campus locations in San Francisco, London, Dubai, Sao Paulo, Mumbai, Shanghai, Seoul, Tokyo, and Singapore.

• Interviews will take place in November. Invites were only sent out on Friday, October 31st, so yours could still be in the mail….

• Wharton provides more info about their team-based discussion here.

Stay tuned for tomorrow’s post with tips on how to ace the TBD! Have a TBD Coming Up? Practice with the pros before your big day! CLICK HERE TO REGISTER FOR A MOCK WHARTON TBD! Accepted.com: Helping You Write Your Best

Related Resources:

• Tips For Tackling Team Interviews

• MBA Interview Tips Post 4: Team-Based Discussion Interviews

• Handling Wharton’s Team-Based Discussion