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”

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?

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Introducing NEW Consulting CEO Rankings

FirmsconsultingCEORankingsFirmsconsulting just released new rankings that compare the performance of CEOs from six top consulting firms, McKinsey & Co., BCG, Bain & Co., Deloitte S&O, PwC Strategy& and Roland Berger. Each Sunday, the rankings will be republished based on new performance findings.

Here are some points to keep in mind:

1. How a CEO fares does not correlate to the prestige of the firm.

2. Feedback is collected directly from firm partners.

3. The real-time ranking updates allow Firmsconsulting to track weekly changes. For consulting firms, a yearly ranking would simply be outdated by the time it was published, taking into account data from a bygone era.

4. Based on a CEO’s past performance, Firmsconsulting believes one can infer from these ranking the likely future performance of a CEO.

You can view the real-time rankings and check out CEO profiles here.

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Top 10 Colleges with the Highest Paid Grads

Forbes just released some rankings on the colleges whose graduates earn the most money. We’ll provide two charts below – one of colleges with high earning grads with bachelor’s degrees only, and one of colleges with high earning grads who went on to complete additional degrees.

Colleges with the Highest Paid Grads (BA Only):

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Colleges with the Highest Paid Grads (BA and Higher Degrees):

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Click here to view the Forbes article.

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The Most Economically Diverse Colleges in the U.S.

Check out our College Admissions 101 Pages!According to the New York Times recent diversity rankings, the following colleges and universities have made the greatest efforts to admit students from economically diverse backgrounds, meaning, a larger share of low-income families. The schools were chosen based on the number of students receiving Pell Grants (students must be in the bottom 40% of the income distribution to be eligible) and the net price of attendance for low- and middle-income families.

Top 20 Economically Diverse Colleges

1. Vassar

2. Grinnell

3. UNC – Chapel Hill

4. Smith

5. Amherst

6. Harvard

7. St. Mary’s (Indiana)

8. Pomona

9. Susquehanna

10. Columbia

11. Rice

12. Kalamazoo

13. Wesleyan

14. Denison

15. Barnard

16. Brown

17. Williams

18. Stanford

19. MIT

20. Haverford

The New York Times lead article on these rankings states the importance of the efforts made by these schools:

“This education gap is a problem not only for the teenagers on the wrong end of it. It’s a problem for the American economy. The economic differences between college graduates and everyone else have reached record levels. Yet for many low-income children – even many who get A’s in high school and do well on the SAT – college remains out of reach. No wonder that upward mobility is less common in the United States than in many other rich countries.”

A few more highlights:

 • 23% of students at Vassar’s freshmen received federal Pell grants. In 2007, that number was only at 12%. Lower income students pay roughly $6,000 per year for tuition, much of which is earned through loans and campus jobs.

 • Only 8% of students at Washington University in St. Louis receive Pell grants (compared to 6% and 5% in the last few years), even though this school is ranked as one of the top 25 riches colleges in the U.S. The point: Just because a school has a high endowment, that doesn’t mean that it is more likely to open its doors to lower-income students. In fact, Susquehanna (who has the highest number of Pell-eligible students at 25%) and Wesleyan (at 18%) have relatively small endowments and students from lower-income families make up a rather large part of the student body.

 • In 2008, only one out of three high achieving (top 4%) low-income high school seniors attended a selective college.

An Inside Higher Ed article on the subject offers the following points:

 • To make the list, schools had to have a four-year graduation rate of 75% or higher; therefore, some schools with high Pell-eligible student populations weren’t ranked, in particular, UC Berkeley which has more than 27% of students on Pell Grants. (But only a 71% four year graduation rate.)

 • 46% of students at CUNY Baruch receive Pell Grants, but they too were under the 75% limit (by far, at 39%).

 • The article points out that only three public institutions made it to the list – University of Virginia, the College of William and Mary (also in Virginia), and the University of North Carolina at Chapel Hill.

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U.S. News 2015 Best Colleges

Applying to College? Check out our College Admissions 101 Pages!Last week U.S. News released the 30th edition of its college rankings. New information found on school profile pages (but not taken into consideration for rankings) include data on campus crime and security and a summary of three-year federal loan default rates. Interesting categories for ranking include Economic Diversity, Campus Ethnic Diversity, and Best Colleges for Veterans.

Here are some highlights:

Top 10 Best U.S. Universities

1. Princeton University (NJ)
2. Harvard University (MA)
3. Yale University (CT)
4. Columbia University (NY)
4. Stanford University (CA)
4. University of Chicago (IL)
7. Massachusetts Institute of technology (MA)
8. Duke University (NC)
8. University of Pennsylvania (PA)
10. California Institute of Technology (CA)

Top 5 Best Value Universities

1. Harvard University (MA)
2. Princeton University (NJ)
3. Yale University (CT)
4. Stanford University (CA)
5. MIT (MA)

Top 5 Best Value Liberal Arts Colleges

1. Amherst College (MA)
2. Williams College (MA)
3. Pomona College (CA)
4. Wellesley College (MA)
5. Soka University of America (CA)

Top 10 Best Undergraduate Business Programs

1. University of Pennsylvania (PA)
2. MIT (MA)
2. University of California – Berkeley (CA)
4. University of Michigan – Ann Arbor (MI)
5. New York University (NY)
6. University of North Carolina – Chapel Hill
6. University of Virginia (VA)
8. Carnegie Mellon University (PA)
8. Indiana University – Bloomington (IN)
8. University of Texas – Austin

John Byrne from Poets & Quants provides an analysis of these rankings (the undergraduate business ones) and shares additional highlights from the top 50, including the following:

• Within the top 10 and certainly within the top 5, there was little change from last year – just a little switching around here and there, including Cornell and Notre Dame which both fell from the top 10, from 10th place last year to 11th this year.

• Big jumpers in the top 25 include the University of Georgia and Michigan State which both climbed six spots to 21st place (they share this position with six other programs, including University of Maryland, which fell three places this year). In the top 50, University of Pittsburgh took the largest leap, from 49th place last year to 39th this year. Babson jumped five places from 34th to 29th.

• Ohio State University fell four places, finishing in 20th this year; Southern Methodist University dropped seven spots from 38th last year to 45th this year.

• Wharton received the highest score (4.8 out of 5) on the index scale (1 being “marginal” and 5 being “distinguished”).

See the U.S. News Ranking Methodology and the P&Q article for details on how these schools were ranked.

For a critique of the U.S. News rankings (and how the rankings actually hurt students and applicants), see this Vox article.

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