Thinking about applying to an Executive MBA program? Let’s see how your target program measures up!
Thinking about applying to an Executive MBA program? Let’s see how your target program measures up!
Applying to law school? How do your target schools measure up? Let’s see how U.S. News ranks the country’s best law schools.
• 196 accredited law schools were surveys and ranked based on a weighted average of the following 12 measures.
• Indicators include: quality assessment (weighted by 0.40 – 0.25 for the peer assessment and 0.15 for the lawyer and judge assessment); selectivity (weighted by 0.25 – 0.125 median LSAT scores, 0.10 for median undergraduate GPA, and 0.025 for acceptance rate; placement success (weighted by 0.20 – 0.04 for employment rates at graduation, 0.14 for employment rates 10 months post-graduation, and 0.02 for bar passage rate; and faculty resources (weighted by 0.15 – 0.0975 for expenditures per student on instruction, library, and supporting services, 0.015 on expenditures per student on all other items, including financial aid, 0.03 on student-faculty ratio, and 0.0075 on library resources.
U.S. News breaks down their med school rankings into two categories: research and primary care. We’ve got the scoop on both.
• 170 accredited med schools and osteopathic med schools were surveyed in fall 2015. Of these, 116 provided enough information to calculate these rankings.
• For research, indicators include: quality assessment (weighted by 0.40 – 0.20 for the peer assessment and 0.20 for the residency director assessment); research activity (weighted by 0.30 – 0.15 for total research activity and 0.15 for average research activity per faculty member); student selectivity (weighted by 0.20 – 0.13 for median MCAT total score, 0.06 for median undergraduate GPA, and 0.01 for acceptance rate); and faculty resources (weighted by 0.10).
• For primary care, indicators include: quality assessment (weighted by 0.40 – 0.25 for the peer assessment and 0.15 for the residency director assessment); primary care rate (weighted by 0.30); student selectivity (weighted by 0.15 – 0.975 for median MCAT total score, 0.045 for median undergraduate GPA, and 0.0075 for acceptance rate); and faculty resources (weighted by 0.15).
How did your target MBA programs fare this year? Let’s take a look:
Here are some observations and highlights (some from Poets & Quants):
• This is the first year in seven years that Stanford hasn’t been in the top spot. The school is now tied for second place with Chicago Booth – and this is the highest position Booth has ever held in the U.S. News rankings. (According to P&Q, this puts Stanford in an “awkward” position.)
• Stern dropped from 11th place to 20th place this year. (The P&Q article explains that this is due to a delay in Stern sending information used to calculate the schools average GMAT/GRE scores.)
• Biggest winner: University of Missouri’s Trulaske College of Business jumped 20 spots from 79th to 59th this year. (Last year this school had dropped 21 spots!)
• Biggest loser: University of Connecticut’s business school at Storrs, plummeted 20 spots from 48th to 68th place.
Notes on Methodology:
• 379 of the 470 MBA programs accredited by the Association to Advance Collegiate Schools of Business International responded to the U.S. News survey in fall 2015, of which 129 provided enough information to be calculated in these rankings.
• Indicators include: quality assessment (weighted by 0.40 – 0.25 for the peer assessment and 0.15 for the recruiter assessment); placement success (weighted by 0.35 – 0.14 for mean starting salary and bonus, 0.07 for employment rates at graduation, and 0.14 for employment rates three months post-graduation; student selectivity (weighted by 0.25 – 0.1625 for mean GMAT and GRE scores, 0.075 for mean undergraduate GPA, and 0.0125 for acceptance rate.
On this week’s show, we shine a spotlight on a great resource for premed students – both students deciding where to apply, and those students in the happy position of deciding among multiple med school acceptances.
A site that gives you tons of data on medical school placement i.e. results — where graduates of specific medical schools go both geographically and in terms of residency placement. And a few other statistical pieces too.
Meet Evan Dugdale and Anthony Cusano, the creators/owners of MedHounD. [1:35]
Currently M2s at BU. Evan attended Williams College where he earned a bachelor’s degree in chemistry in 2013. Anthony attended Boston College. He too graduated in 2013 with a degree in biology. They’re both hockey players.
What is MedHounD? [2:18]
It’s the first service to compare med schools based on their success rates in the residency match. They use match lists, NRMP data on acceptance rates, etc., to rate schools on their performance year to year. Students can see and contrast schools’ success at placing residents in very competitive residencies, for example.
How do students use it? [4:00]
MedHounD costs $9.99 for a 1-year subscription. You can use it to identify schools during the application process (helpful if a student has a goal in a particular specialty and wants to know placement outcomes). And it can also help students make enrollment choices when they’re evaluating multiple offers.
How did they start it? [5:35]
Evan: The idea came during the application cycle. He had narrowed his choices to two schools, and researching the match outcomes of both schools helped him make his decision – the data was helpful. Before entering med school, he created a prototype with just a few schools; he and Anthony were roommates their first year and decided to build MedHounD.
Analytics also factored into Anthony’s decision to attend BU: he weighed location, etc., but also considered match lists.
Did they have clear-cut goals (re: specialty) before med school, and have those goals changed? [9:20]
Anthony: Med school has complicated the decision-making process. He’s looking to 3rd year rotations for firmer goals.
Evan: Started medical school thinking of surgery (not sure what specialty). He’s still leaning in that direction, but also looking to 3rd year rotations to help shape his decision.
Is it useful before starting medical school to weigh med school results even if goals change while in med school? [12:08]
In short, yes. Knowing schools’ track records is helpful information.
Do they plan to add student competitiveness metrics? [15:40]
Yes. Right now they’re working on making it easier to compare schools using their tools. But they plan to collect user data year-to-year – including GPA, MCAT, etc. – so students can see where they fit.
What is the “no place like home” metric? [17:10]
It reflects the percentage of students who do their residency at the same place they went to med school – they see this as a gauge of how happy med students are at their institutions and teaching hospitals.
Why did they name their site “MedHounD”? [18:15]
Because they sniff out data like a hound – searching for deep info to help students make informed decisions. And for Hank, Anthony’s dog.
When did they find the time, as med students, to create MedHounD? [20:20]
Anthony: “We’ve become good at time management during med school.”
Evan: Be rigid about weekly goals, but flexible about which activities take precedence day to day. And set reasonable goals.
Their subscriber base is growing, and they’re getting positive feedback [22:30]
What was the hardest part of the med school application process for them? [24:11]
Evan: Writing the personal statement & essays, traveling to interviews—time management (balancing applications with school). And waiting. Keeping your head in the game and staying positive while waiting for news.
Anthony: The financial aspect can be tough – the application costs, travel, etc. For essays, the character limit for secondaries was challenging. The waiting game was definitely tough. It can be hard to get information.
Their Gap Year [27:00]
Evan: Worked for Match Corps as a middle school tutor/teacher for a year. Learned a lot! Education is definitely important for medicine, so it was a valuable experience and cemented his med school goals.
Anthony: Conducted clinical urological research. Worked with residents and fellows –his work resulted in presentations and publications, and made med school more relatable.
Med School Interviews: What were the most memorable/challenging questions you were asked in your med school interviews? [31:15]
Anthony: Compare yourself to an actor – who would you be?
Evan: What are your top 3 weaknesses?
Tips for Premeds [34:15]
Anthony: Med school is not easy – it can be overwhelming. Make time for life – family, gym, etc. Don’t get overwhelmed by the pace.
Evan: Keep in mind that it’s a process – don’t just think about the destination, but pause and enjoy each step of the journey.
• Shadowing Experiences Around the Globe with Gap Medics
• The Unbelievable Story of an Orthopedic Surgeon
• Insight from a Successful, Non-Traditional Premed and now M2
• Attn Med Applicants: A Class Is Matriculated Every Single Year
• Baylor College Of Medicine: A Holistic Approach To Admissions
• Medical School Admissions 2015-2016: A Dean’s Perspective
Here are some highlights from the Financial Times‘ top 20 global MBA programs (with a few points on women in business school):
• This is the first time that a one-year MBA program (INSEAD) has taken the #1 spot. The other 4 schools in the top 5 remain the same as last year, each pushed down one spot this year compared to last.
• New to the top 10 this year is Cambridge Judge which jumped from 13th place last year to 10th this year.
• IESE dropped out of the top 10, moving from 7th place to 16th.
• 7 out of the top 10 global MBA programs this year are US programs. Of the top 20, 11 are in the US.
• In 2005, 30% of MBA students were women. In 2015, that number jumped to 35%. 27 schools boasted a 40% female population, compared to only 4 schools with those numbers in 2005.
• In China, 44% of students were women, while at Renmin University of China School for Business in particular, 59% were women.
• Only 27% of b-school faculty members are women. But at UC Irvine Merage, that proportion is 46% (the highest in the world).
• Pre-MBA, the average pay gap between men and women is 14%. This jumps to 19% three years post-MBA (from $9,000 to $22,000). The FT data shows that this pay gap exists for men and women at the same sector of industry and at the same level of seniority.
And now for the rankings themselves:
Financial Times Methodology
157 international graduate business programs took part in the survey that was used to create the FT rankings. Data was collected from the schools themselves as well as 9,800 alumni. Alumni were three years post-graduation (class of 2012), so b-schools needed to be at least four years old to qualify.
You can see the ranking criteria and their equivalent weight below. For more details, see the FT methodology page.
When looking to fill investment banking positions, top firms tend to direct their searches towards cream of the crop universities. Here are the top b-schools you should be looking at to give yourself the best chance of getting hired after graduation, according to the latest eFinancialCareers findings.
* For a complete list of the top 35 ranking MBA programs, see this table.
The eFinancialCareers article explains that the table is based on the number MBAs who have gone to work in a “front office” investment banking role upon graduation. (This includes corporate finance, equity research, or sales and trading.)
1. London Business School – London, UK
2. IESE – Barcelona, Spain
3. HEC Paris – Paris, France
4. CEIBS – Shanghai, China
5. Hong Kong UST – Hong Kong, China
6. Manchester – Manchester, UK
7. NUS Business School – Singapore
8. IPADE – Mexico City, Mexico
9. York Schulich – Toronto, Canada
10. ESADE – Barcelona, Spain
Let’s compare some stats from the two rankings (from the one-year international lead article):
• Graduates from the top international one-year MBA programs had a median 5-year gain of $125,500. This is compared to graduates of top international two-year programs, who had a median gain of $64,000. In comparison, graduates of two-year MBA programs in the U.S. saw a median gain of only $42,500.
• It took one-year MBA international grads 2.4 years to pay off their program. Two-year international grads took 3.4 years, and U.S. two-year grads took 4 years to pay back their investment.
• Graduates from INSEAD, the top one-year international MBA program, had a 5-year gain of $171,200. It took these grads an average of 2.4 years to pay off their investment. Graduates from Stanford, the top two-year U.S. MBA program, had a 5-year gain of $89,100 and it took them 4.2 years to pay back the investment.
See our Forbes top U.S. MBA programs article for a word on methodology.
Let’s see how our favorite global MBA programs fared in the 2015 Financial Times rankings.
(See the full chart on the FT site here.)
Last year, there were some very dramatic leaps and falls. This year there are fewer. Here are some highlights:
• UC Berkeley Haas is the only newcomer to the top 10, jumping just a single place from 11th to 10th.
• The big jumps occur further down in the rankings: Imperial College Business School (UK), jumped 8 places from 42nd place last year to 34th place this year; The Lisbon MBA jumped from 50th last year to 36th this year; Purdue Krannert (US) jumped 9 places from 57th to 48th; Lancaster University Management School (UK) jumped 16 places from 66th to 50th; Washington Foster (US) jumped from 62nd to 51st; and the University of Cape Town GSB (South Africa) jumped from 62nd to 52nd place.
• The biggest losers this year include Emory Goizueta (US) which dropped from 50th place to 59th; Indiana Kelley (54th to 62nd); Illinois Urbana-Champaign (53rd to 71st); and Washington Olin (63rd to 72nd).
The much anticipated Poets & Quants rankings is out! Let’s see how P&Q rates the top schools:
• Harvard’s on top. As usual. Here’s the P&Q position on this: “No rival beats Harvard in the formidable resources it brings to the game: more superstar professors than any other school, the diversity of its course offerings, the stellar quality of its students, the size and scope of its campus, and the career achievements of its alumni spread all over the world.”
• The M7 all take up the first 7 slots of the rankings.
• Duke Fuqua slipped out of the top 10 to 11th place this year.
• Yale SOM make it to the top 10 for its first time ever (10th place) in P&Q rankings history.
(This chart can be viewed in its original here.)
Poets & Quants ranks the top U.S. MBA programs by combining the five most influential rankings and weighing them based on the “soundness of their methodologies.” U.S. News is given the most weight at 35%, followed by Forbes (at 25%), Financial Times and Businessweek both at 15%, and The Economist at 10%.