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:


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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Related Resources:

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

Defining Her Strengths, Researching Schools and Choosing NYU Stern

Click here to read more interviews with current MBA Students!

Be reflective. Make friends. Take full advantage of the opportunity.

This interview is the latest in an Accepted.com blog series featuring interviews with current MBA students, offering readers a behind-the-scenes look at top MBA programs. And now for a chat with Lenore, a student at NYU Stern.

Accepted: We’d like to get to know you! Where are you from? Where and what did you study as an undergrad? What is your favorite ice cream flavor?

Lenore: I was born in Philadelphia and raised there and in the suburbs of the city. DC was one of my favorite places to visit growing up. Since it was just a short trip from home and my younger siblings, I was really excited to enroll at American University for my undergrad. I went in thinking I’d study international service, but switched to finance and marketing specializations after my first class in the business school.

Ice cream? Probably Ben & Jerry’s Half Baked or S’mores. But sometimes Turkey Hill Chocolate Peanut Butter. I guess it depends on the day. :)

Accepted: What did you do after finishing college?

Lenore: By the time I finished college I had worked in business communications, marketing for a start-up, and nonprofit business development. I didn’t yet understand how I could bring together what I thought were disparate interests in leadership, social impact, and business, so I would take a job and then keep freelancing or consulting or volunteering on the side, always trying to weave together those passions. I would throw myself into projects or jobs, but had a hard time feeling totally satisfied by any one of them. For example: a friend and I were hired to overhaul a local restaurant’s operations; then I was assistant director of an education nonprofit during a strategic redirection. In 2010 I moved to Haiti and worked as a project manager on a program for small businesses and social enterprises. Each of those experiences was enriching and educational for me, and helped me define my strengths and interests.

Accepted: What made you decide to pursue an MBA?

Lenore: Even though I went back and forth on how I would use it, I was always sure I would pursue an MBA. I love solving business problems, and believe that business plays an integral role, potentially a hugely positive one, in our communities and society.

My MBA application journey was an opportunity to identify patterns and common successes in the pieces of my professional background. Specifically, I started to recognize that the moments I was most proud of were those when I partnered with leaders to help shape their work and achieve success in their organizations. Through the admissions process and my own self-discovery, I recognized that working as a business and executive coach would allow me to combine each of the things I was passionate about.

Accepted: How will your MBA help you pursue your entrepreneur goals?

Lenore: An MBA deepens my business acumen, allowing me to support leaders more effectively. It also allows me the time to focus solely on my own professional development, which will make me a much better coach.

Accepted: How did you go about researching schools? Did you participate in any MBA fairs or events?

Lenore: I was first drawn to Stern when, during undergrad, I was looking for MBA programs with real-world opportunities to work in social enterprise. But I kept an open mind, and went to Forte Forums in Washington DC, listened to Forte webinars featuring admissions professionals from several schools, and visited as many of my target programs as I could. I also made a complicated spreadsheet and rating system to track the merits of each school! It was a long process, but I had a great roadmap as a member of the Forte Foundation and the Consortium for Graduate Study in Management.

Accepted: I’m sure MBA applicants reading your interview would be interested in seeing your spreadsheet. Could you share it with us?

Lenore: Unfortunately I no longer have the computer on which I created the spreadsheets, but here’s my suggestion if someone were to want to create one:

Create a spreadsheet to keep track of important details on each program. My rows were school names, and columns were titled with the features I valued most. I was looking for a program with robust social enterprise and entrepreneurship programs, an urban location, opportunities to travel, and flexibility in the curriculum (but of course these will be different for each applicant). I also took business school rankings into account, and I made a column for notes as well. In as many cases as possible, I went to the school and visited the campus. In some cases, I resorted to reading everything I could find online, and then supplemented that with conversations with current students and alum. Each time I learned more about a program, I tracked the information in my spreadsheet–I probably added to it over the course of two years and looked at 12 schools in total. The final addition to my spreadsheet was a column for my own personal rating of each school based all that I had learned. My personal ratings were also reflective of the intangibles, such as how well I connected with students during campus visits, as I think those are just as important.

All things considered, NYU Stern came out on top, validating the assumption I had made even before doing any research. Despite that I came up with the same result, the spreadsheet process was helpful in that I kept an open mind and it supported me in making an informed decision.

Accepted: Can you talk about your experience with the Forte Foundation? How have they helped you in your MBA admissions journey?

Lenore: I visited the Forte Foundation website quite regularly throughout my admissions process. The practical resources and webinars were especially helpful. I also valued the offline community that Forte creates; I met a GMAT study buddy and many friends at Forte events. Maybe most importantly, I draw inspiration from the Forte community, which is comprised of so many women living such full lives, pursuing and accomplishing their dreams.

Accepted: Which other schools did you apply to? Why did you choose NYU Stern?

Lenore: I ultimately applied to only two schools: NYU Stern and Georgetown, and was accepted to both. As I mentioned, I was interested in NYU even during undergrad, as the program offered an ideal match for my values and goals. NYU Stern provides an “education in possible,” and encourages broad and disruptive thinking. That is just the type of approach I planned to take with my degree and in my work.

Accepted: What are your 3 top tips for MBA applicants?


1. Be reflective. Your essays and interviews will be stronger if you know yourself and your goals. This process will give you the opportunity to tell your story often, so take the time reflect on what you would like to say.

2. Make friends. There are SO many resources out there for aspiring MBAs that you won’t be able to keep up with all of them yourself. Find buddies (through Forte and other networks) who are going through the process as well and can encourage and support you.

3. Take full advantage of the opportunity. You are making a significant investment, so get all that you can out of the process and the experience. Ask questions, make connections, visit schools, attend webinars: whatever you need to do to be informed and excited about pursuing your degree.

For one-on-one guidance on your b-school application, please see our MBA Application Packages

Thank you Lenore for sharing your story with us!

Attend the Forte Forum 



Related Resources:

• NYU Stern 2015 MBA Questions, Tips, and Deadlines
Forte Helps Women in Business Thrive: Interview with Elissa Sangster
• Interviews with current MBA students

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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• Which B-Schools Offer the Most Scholarships?
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Interview with a Future NYU Stern MBA and Forte Fellow

NYU Stern Admitted Student InterviewThis interview is the latest in an Accepted.com blog series featuring interviews with current MBA students, offering readers a behind-the-scenes look at top MBA programs. And now for an interview with Lourdes, a Forte Fellow who was recently accepted to NYU Stern.

Accepted: We’d like to get to know you! Where are you from? Where and what did you study as an undergrad? What’s your favorite non-school book?

Lourdes: I was born in Lima, Peru, and my family moved to Charlotte when I was very young. I grew up there and attended North Carolina State University, where I obtained degrees in Political Science and Spanish with a minor in Business Management. My favorite non-school book is “It Happened on the Way to War” by Rye Barcott.

Accepted: Why did you choose NYU Stern?

Lourdes: I decided to go to business school to fine tune my analytical and economic skills and sought a program that offered practical knowledge applied in real-world settings. I also wanted to be in a location that could offer a business playground as a complement to my education. NYU Stern offers the opportunity to learn in NY, which is at the vortex of the business world. I also appreciated the dynamic leadership of the administration, faculty and students. NYU Stern was a curriculum that not only had a legacy of excellence but also a commitment to innovation. Being able to build on the history of the program, as well as implement visionary thinking, was a key factor for me.

Accepted: How would you say you’re a perfect fit with the program? (Unless you believe you’re not a good fit, in which case, please talk about that!)

Lourdes: Throughout the admissions process, the more I learned about NYU Stern, the more I found I had in common with the program. From speaking with students about their goals, with Admissions representatives about international treks to reading articles in the school newspaper about student life, it became clear that NYU Stern was the right fit for me. The students I met were impressive, fun-loving and helpful. They were willing to share insight about their experiences and also be real with me.

At Diversity Weekend, Dean Peter Henry asked us to think about how we would use our MBA degree to make a difference. That resonated profoundly with me in my decision to attend NYU Stern.

Accepted: What clubs or extracurricular activities are you planning on being involved in with?

Lourdes: I plan on being involved with Stern Women in Business, the Association of Hispanic & Black Business Students and the Social Enterprise Association.

Accepted: What have you been doing professionally since college?

Lourdes: My family has a business in the construction and design/build industry. Upon graduating, I worked for the firm in a marketing capacity. I created a separate division of the company dedicated to the real estate investments and property management. I wanted to get my feet wet in the corporate world and was able to gain a position on the sales and trading floor at Sanford C. Bernstein in NY. I was on the sell-side research team dedicated to hedge fund clients. I learned from leaders in the field and wanted to amplify my client-facing skills in a setting more directly tied to the business community. I came across a role in which I could apply my marketing and relationship building skills as the director of public policy at the Charlotte Chamber of Commerce. I monitored issues that affect the cost of doing business in Charlotte and actively engaged chamber members to learn about pro-business public policies. It was necessary to collaborate with stakeholders from the private, public and social sectors to gain their buy-in for issues.

Accepted: Do you plan on staying in that same industry post-MBA, or switching to something new?

Lourdes: My experience in different industries has driven me to learn a holistic approach to business. For that reason, I am looking forward to specializing in Management, Strategy and Social Innovation and Impact to learn the best tools for achieving profit by means of impactful initiatives. I am considering different industries and am seeking a career that will allow me to help a company reach fiscal goals while maintaining a social-conscious approach.

Accepted: What has your experience with the Forte Foundation been like? How has Forte helped you?

Lourdes: I became aware of the Forte Foundation while I was working on my school applications. I was thankful that there was an organization dedicated to promoting women in business. So you can imagine how excited I was to be named a Forte fellow! I was able to attend the Forte Conference in Los Angeles in June. I benefited from networking with the companies and panelists offering advice based on their experiences both in business school and their careers. I was offered an internship at the conference, which I am considering, for next summer. Forte helped make those connections.

Accepted: As someone who’s successfully applied to business school, you must have some good advice! Can you share your top 3 admissions tips with our readers?

Lourdes: I found the most important part of the admissions process to be self-discovery in terms of why I was pursuing an MBA, how I hoped to use my degree and what school was the best fit. Although the applications ask these questions, it’s important you ask yourself them as well. My top three tips would be:

1. Know your strengths and weaknesses.

2. Attend every MBA event (that your schedule allows) to learn the most about each program’s offerings.

3. Speak with at least two current students from each program you are considering.

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 NYU Stern, check out our NYU Stern 2015 MBA Essay Tips.

Thank you Lourdes for sharing your story with us!



An Artist at B-School: Interview with an NYU Stern Langone Student

Click here for more MBA student interviews!

This interview is the latest in an Accepted.com blog series featuring interviews with current MBA students, offering readers a behind-the-scenes look at top MBA programs. And now for a chat with Chris Alexander, a student at NYU Stern’s Langone Part-Time MBA program.

Accepted: We’d like to get to know you! Where are you from? Where and what did you study as an undergrad? Do you hold any other degrees?

Chris: There’s a growing subset of the New York population who become affected, deeply and emotionally, when they hear the words “In-N-Out Burger.” They’re called Californians, and I’m one of them.

I grew up in Camarillo, a city in Southern California known for its legendary outlet mall. I got my Bachelor of Arts degree from the University of California, Santa Cruz where I studied Studio Art with an emphasis on metal sculpture. Many nights I would work late in the metal studio and emerge when the sun came up, exhausted and dreary-eyed with dozens of burns from running a MIG welder all night. You’re supposed to suffer for your art, right? Bronze and steel were my favorite mediums, and were a huge source of inspiration for me because I knew that the result of my work would be a piece of art that could last thousands of years.

I moved to New York City in 2008 for graduate school and got my Master of Arts in Graphic Communications Management and Technology from the New York University School of Continuing and Professional Studies. It was great to be surrounded by other craftspeople (designers, illustrators and photographers) that were all in the program for the same reason: to develop the vital skills needed to translate your art into real-world value with a dollar amount behind it.

After graduating with my M.A., I partnered with a current MBA student to enter the New Venture Competition at the NYU Stern School of Business. We had an idea to create a location-based craft beer bar discovery app (Think: Yelp + Pandora for craft beer enthusiasts). The competition itself was an intense experience and much more than just a pitch-off. It was months of marketing, finance and legal workshops, and exclusive unfiltered advice from some heavy-hitter VCs. We got eliminated about halfway into the competition, but in the end it was a truly priceless experience.

As I was not an MBA student at the time, this was a key moment that taught me two things: 1) My understanding of accounting, data analysis and start-up law was embarrassing, and 2) I absolutely needed to acquire those skills in order to be content with my professional self.

So I applied to the NYU Stern Langone Part-Time MBA and began in Fall 2012.

Accepted: What is your favorite non-school book?

Chris: I’ve grown the most from books that teeter on the edge between biography and business – the stories of people who have taken strategic risks, overcome adversity and held tightly – sometimes stubbornly – to the chance of seeing their dreams manifest in a very real way. Some of my favorites are Nothing is Impossible by Christopher Reeves, Losing My Virginity by Richard Branson, Onward by Howard Schultz and Delivering Happiness by Tony Hsieh. They’re all very inspiring stories with awesome life and business lessons.

Accepted: What year are you in at NYU Stern’s Langone Part-Time MBA program?

Chris: I’ll be heading into my third year in the program starting Fall 2014.

Accepted: Why did you decide to go part-time at Stern? What are the advantages and disadvantages of going this route?

Chris: The main reason I chose the part-time program was that, as an employee of New York University, I get a very generous tuition remission benefit. So from a financial and strategic perspective, this was simply the choice that made sense for me.

The biggest advantage of a part-time program is the opportunity to develop your academic knowledge in parallel with your professional skills. I know it sounds like a cliché sound byte from a recruitment video (I know because I worked in college admissions for seven years!) but I would actually learn new techniques in a Monday night class that I could pitch to my boss and begin implementing at work later that same week. This not only equipped me with fresh ideas at work, but it also helped me develop a keen sense of which lessons would be professionally applicable in the immediate term and which lessons were more suited for my long term development.

The very real disadvantage is that part-time programs simply take longer to complete. (I suppose there’s a hidden silver lining because one has more time to absorb the b-school experience.) But part-time programs require a real commitment to stay motivated for 3 or 4 years, despite all of the curveballs that work and personal life throws at you.

Accepted: What’s your favorite class so far? 

Chris: Digital Marketing with Professor Scott Galloway (@profgalloway) was the most professionally applicable class for me thus far. Galloway leads the business intelligence agency L2 Think Tank, and brought a wealth of cutting edge industry insights and fantastic guest speakers to the class.

Accepted: Why did you choose Stern? What’s your favorite thing about the program? Least favorite thing?

Chris: The primary reason I chose NYU Stern was because it’s very highly ranked among part-time MBA programs (#4 according to U.S. News and World Report’s 2014 ranking, surpassed only by Haas, Booth and Kellogg).

My favorite aspect of the program is having a community of smart, driven working professionals as classmates. There’s a shared understanding of how much everyone is sacrificing to be in this program, and a real respect for each other’s time. We don’t have the luxury of spending excess time on non-critical activities. People really cut the fluff and get down to business, and I like that.

My least favorite aspect of the program is that I wish there was a bit more representation from folks who are laser-focused on digital marketing and entrepreneurship. Finance is just such a dominant force at NYU Stern – as it should be given the location – but at times I struggled to fit in with a classroom full of investment bankers and stock traders. Though once I start taking more higher-level electives I’m sure that dynamic will change.

Accepted: Can you share some advice to incoming first year students, to help make their adjustment to b-school easier? What do you wish you would’ve known just before entering?

Chris: Definitely! Here are three nuggets of wisdom I wish I had known before starting the program:

1. Get to know what campus resources are available to you before getting swamped by readings, case studies and group projects. Once the semester starts, the pace and workload ramps up and doesn’t slow down. Even basic things were super helpful to know such as the location of printers, how to reserve study rooms or where to find coffee at odd hours.

2. Research professors ahead of time. Your class experience can range from mediocre to life-changing depending on the professor’s passion, background and teaching style. I constantly ask other students about their favorite professors, and keep a Google Doc with a running list for future reference.

3. Know what YOU want to get out of the MBA experience. In a part-time program, time is definitely your most limited resource, so have a real strategy going in. Academically, what do you want your skill-set to look like upon graduating? Personally, what kinds of relationships do you want to make and what types of people do you need in your network?

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

Chris: The most challenging part of the NYU Stern admissions process was the “personal expression” essay that prompts you to “describe yourself to your MBA classmates.” There are virtually zero constraints on the actual medium of the essay. Some applicants submit audio recordings, paintings, digital creations and everything in between.

But every challenge is an opportunity in disguise, or at least that’s how I approached it. This was my chance to differentiate myself and show them something unique. I consider myself to be a talented visual communicator, so I designed a huge infographic poster displaying key moments of my personal and professional development. Each moment became a node in a web of experiences that were color-coded, categorized and charted across the years of my life.

Accepted; Can you tell us about your resume writing email course?

Chris: As a personal project, I’ve been working on designing an online resource to help college students and recent grads beef up their resumes in preparation for finding a job. It’s called the Kickass Resume Course and it’s a free self-guided email course that walks students through a range of lessons from basic visual design principles to crafting a narrative around your work experience to quantifying your achievements.

In my eight years of working in higher education I’ve reviewed hundreds of student resumes and have interviewed many students for various jobs. I’ve met some super-sharp, ambitious students who didn’t get hired because they came in with lackluster resumes and zero interviewing skills. So I’ve packaged everything I’ve learned and observed over the years into this email course. It’s a way for me to give back and help other students get a boost during their first job interviews.

Students can sign up at www.kickassresumecourse.com. It’s always free and (hopefully) always awesome!

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 NYU Stern, check out our NYU Stern 2015 MBA Essay Tips

Thank you Chris for sharing your story with us!

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