U.S. News’ 2013 Best EMBA Programs

Next up in our recent explosion of b-school rankings posts is the U.S. News’ 2013 Executive MBA rankings. As always, please see our list of resources at the bottom for more information on these rankings and on rankings in general.

Ranked #13: Stanford University. Stanford doesn’t have an Executive MBA program.

Ranked #13: Stanford.
Stanford doesn’t have an Executive MBA program.

2013 Top 10 EMBA Programs

1. UPenn Wharton
2. Chicago Booth
3. Northwestern Kellogg
4. Columbia
5. Duke Fuqua
6. NYU Stern
7. UCLA Anderson
8. Michigan Ross
9. UNC Kenan-Flagler
10. UC Berkeley Haas

This year’s U.S. News Executive MBA rankings offer an excellent reason to view rankings with skepticism. The reason is not so much because I disagree or agree with the information provided above, but because of the program ranked #13: Stanford University.

Stanford doesn’t have an Executive MBA program.

The closest it has is the Stanford Sloan Fellows program, which is aimed at older, middle managers, but it is not an EMBA program. EMBA programs typically are part-time programs where participants continue to work full-time. Stanford Sloan Fellows study in a full-time, one-year Masters in Management program. They do not even earn an MBA.

To the extent you use these rankings (or other rankings), do so with caution, skepticism, and a large dose of salt. Rank programs based on what’s important to you.












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Medical School Rankings: What Are They Worth?

Medical School Rankings

Can a top medical school open the door to a top residency program?

Last week, US News and World Report released their list of the 2014 Best Medical Schools (designed for applicants to the Class of 2014). Their rankings are not at all surprising – in primary care, nine of the top 10 are still holding strong, with only the University of Alabama Birmingham rising from last year’s #12 rank (replacing UCLA); the top 12 programs for research stayed the same, with a bit of shuffling in the ranks.

Not that these lists of so-called “best” medical schools are ever surprising. Based on such factors as admission statistics, research dollars, and students entering primary care fields (see their full ranking methodology), the rankings are to a large extent self-perpetuating. Highly ranked schools attract more applications, therefore boosting their selectivity by decreasing the ratio of “accepted” applicants while raising MCAT and GPA scores. Likewise, established research programs are more likely to receive continued funding, which feeds into higher research rankings.

Further, the data is highly suspect, as medical deans have pointed out. For instance, one of USNWR’s measures is based on residency program directors’ impressions of each medical school, but historically the majority of directors have declined to participate; last year only 17% participated in the USNWR survey. In fact, the AAMC still refers applicants to a 2001 critique of the USNWR rankings, which concludes that they “have no practical value and fail to meet standards of journalistic ethics.”

So what, if anything, do these rankings mean to the medical school hopeful? Besides the bragging rights a medical school gets for a top slot, is the medical education they offer any better? And is a med student’s shot at a top residency significantly improved by attending a “top 10” school?

In business and law schools, career success – and commensurate salaries – is reflected in large part by school rankings. A Harvard MBA opens doors to Fortune 100 companies that are closed to graduates of lesser known programs. Medical education does not work like this, no matter how hard U.S. News and World Report tries to shove it into the same mold. The future of a medical student’s career depends on the choice of specialty and residency. An orthopedic surgeon with a degree from Podunk School of Medicine will probably make significantly more than a GP from Harvard.

Can a top medical school open the door to a top residency program? Opinions vary – and naturally, it’s the top programs who claim it does, while lower-tier programs claim it makes no difference. Fortunately we have hard data to settle this dispute. Each year, the NRMP publishes the NRMP Program Director Survey Results and asks what factors influence the decision to interview a particular candidate. The reputation of the medical school always ranks around 50%; in the latest report, it was the 23rd most important consideration, far below the top three factors: the Step 1 score, letters of recommendation from within the specialty, and the applicant’s personal statement.

So in the end, does a top ranking or a program’s reputation never matter? Of course not. Residency selection is subjective and program directors often trust their alma maters or networks to supply candidates. But the question is whether rankings like this one from USNWR are something you need to worry about as you apply to medical school.

The “best” medical schools, in my opinion, are those that are accredited, that offer the clinical and research opportunities you want, and that produce competitive residents who match. No matter what USNWR says, if you can win a seat at one of the many outstanding allopathic or osteopathic programs in the U.S., your future in medicine is bright.


Cydney Foote

By , Accepted consultant and author of Write Your Way to Medical School, who has helped future physicians craft winning applications since 2001.

2014 U.S. News Law School Rankings

Law School RankingsU.S. News released their 2014 law schools rankings. Here are the rankings for the top 10 full-time and part-time programs:

Top 10 Full-Time Law Schools in 2014

1. Yale University
2. Harvard University
3. Stanford University
4. Columbia University
5. University of Chicago
6. New York University
7. University of Pennsylvania
8. University of Virginia
9. University of California – Berkeley
10. University of Michigan – Ann Arbor

Top 10 Part-Time Law Schools in 2014

1. Georgetown University
2. George Washington University
3. Fordham University
4. George Mason University
5. University of Connecticut
6. Loyola Marymount University
7. Loyola University Chicago
8. University of Maryland – Carey
9. Lewis & Clark College – Northwestern
10. American University – Washington
11. University of San Diego

Links for more info:

- About the Rankings Methodologies (U.S. News)
In Photos: Law Schools (U.S. News)
Law School Rankings & Their Repercussions (Accepted.com)
Law School Rankings: What Do They Mean to You? (Accepted.com)



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2014 U.S. News MBA Rankings


U.S. News
published their 2014 best business schools rankings, and we’re here to provide you with the scoop! Below are the rankings and then some additional links for your reference.

Top 20 U.S. Business Schools (Full-Time)

MBA Rankings: What You Need to Know1. Harvard Business School
2. Stanford Graduate School of Business
3. UPenn Wharton
4. MIT Sloan
4. Northwestern Kellogg
6. Chicago Booth
7. UC Berkeley
8. Columbia Business School
9. Dartmouth Tuck
10. NYU Stern
11. Duke Fuqua
12. UVA Darden
13. Yale School of Management
14. UCLA Anderson
14. Michigan Ross
16. Cornell Johnson
17. Texas McCombs
18. Emory Goizueta
19. CMU Tepper
20. UNC Kenan-Flagler

Top 10 Part-Time MBA Programs

1. UC Berkeley Haas
2. Chicago Booth
3. Northwestern Kellogg
4. NYU Stern
5. UCLA Anderson
6. Michigan Ross
7. Texas McCombs
8. Ohio State Fisher
9. CMU Tepper
9. Indiana Kelley

Top 10 Executive MBA Programs

1. UPenn Wharton
2. Chicago Booth
3. Northwestern Kellogg
4. Columbia Business School
4. Duke Fuqua
6. NYU Stern
7. UCLA Anderson
8. Michigan Ross
9. UNC Kenan-Flagler
10. UC Berkeley Haas

Links for more info:

About the Rankings Methodologies (U.S. News)
In Photos: Best B-Schools (U.S. News)
MBA Programs Evolve to Meet Student Needs (U.S. News)
Best MBA Programs: A Guide to Selecting the Right One (Accepted.com special report)
MBA Rankings: What You Need to Know (Accepted.com special report)




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2013 College Rankings Released by U.S. News!

US News College Rankings

2013 College Rankings Released

U.S. News just released their 2013 college rankings. This post will cover a few of the highlights.

2013 Best National University Rankings:

1. Harvard University

2. Princeton University

3. Yale University

4. Columbia University

5. University of Chicago

6. MIT

7. Stanford University

8. Duke University

8. University of Pennsylvania

10. California Institute of Technology

2013 Best Undergraduate Business Programs Rankings

1. University of Pennsylvania

2. MIT

3. University of California – Berkeley

3. University of Michigan – Ann Arbor

5. New York University

5. University of Virgina

7. Carnegie Mellon University

7. University of North Carolina – Chapel Hill

7. University of Texas – Austin

10. Cornell University

Okay, no surprises for either of these.

Please see the U.S. News Methodology page for information on how these rankings were determined.

Other articles in the 2013 ranking report that you may be interested in include:


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US News 2013 MBA Rankings

And here are the top 10 per US News & World Report:

2013 Rank School 2012 Rank
1 Harvard 2
1 Stanford 1
3 University of Pennsylvania (Wharton) 3
4 MIT (Sloan) 3
4 Northwestern (Kellogg) 5
4 Chicago Booth 5
7 UC Berkeley (Haas) 7
8 Columbia 9
9 Dartmouth (Tuck) 7
10 Yale 10

As you can see the changes are somewhere between slight and miniscule.  Larger jumps and changes occurred outside the top 10, but the statistical significance of these changes becomes questionable due to fewer responses farther down the list.

And how “reliable” are these rankings? Wait a bit. We’ll be writing more on that.

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.

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2012 US News Rankings Released

The moment we’ve all been waiting for…the 2012 US News & World Report’s list of the best national universities is finally here!  Although the rankings remain pretty similar to last year’s, there is a surprising number of ties this year:

Top 10 Universities

1. Harvard University (tied)
1. Princeton University (tied)
3. Yale University
4. Columbia University
5. California Institute of Technology (tied)
5. Massachusetts institute of Technology (tied)
5. Stanford University (tied)
5. University of Chicago (tied)
5. University of Pennsylvania (tied)
10. Duke University (tied)

Here are some of the other new rankings, offering a bit more variety:

Top 10 Colleges with the Lowest Acceptance Rates

1. Curtis Institute of Music (4%)
2. Alice Lloyd College (7%)
3. Harvard University (7%)
4. Stanford University (7%)
5. Cooper Union (8%)
6. United States Naval Academy (8%)
7. Yale University (8%)
8. Brown University (9%)
9. Princeton University (9%)
10. College of the Ozarks (10%)

Top 10 Colleges that Offer the Best Value

1. Harvard University (61.4% receive aid; average discount is 73%)
2. Yale University (56.6% receive aid; average discount is 73%)
3. Princeton University (59.4% receive aid; average discount is 68%)
4. Stanford University (51.2% receive aid, average discount is 70%)
5. MIT (62.6% receive aid; average discount is 66%)
6. Columbia University (50.3% receive aid; average discount is 68%)
7. Dartmouth College (52.4% receive aid; average discount is 65%)
8. California Institute of Technology (53.1% receive aid; average discount is 59%)
9. Duke University (43.2% receive aid; average discount is 64%)
10. Cornell University (47.8% receive aid; average discount is 64%)

Other rankings include: A+ options for B students, the campuses with the most ethnic diversity, and the schools with the highest graduation rates.

You may also want to check out the article, “Ensuring the Accuracy of the Best Colleges Rankings and Data,” which explains how US News calculates rankings. Don’t forget that rankings aren’t everything, and it is more important to think about what you want in a college than what some rankings say are important. Remember:, the data in the rankings is more valuable than the rankings themselves.

Law School News Roundup

  • Student Loan Burden Soars. Above the Law believes that the student loan market is going to crash and suggests law school applicants begin thinking about whether their education is worth what they are paying for it.  While a good education can give you a boost, in these economic times with student debt climbing 25% since 2008, “it’s just not enough of a boost to cancel out the high cost of education.”
  • And Another Ranking Takes it on the Chin. If you thought the critiques of law school rankings had finally ended, Above The Law takes a jab at the National Jurist’s fifth annual list of the 60 ‘Best Value’ law schools. While the National Jurist has changed its ranking methodology to include “fairness,” this additional category has put schools ranked 121 in US News high up on the National Jurist’s list.
  • Milken Donation to UCLA Law. The National Law Journal reports on the much debated $10 million donated to UCLA Law School by Lowell Milken to fund the Lowell Milken Institute for Business Law and Policy. Law professor Lynn Stout has sparked a lot of controversy by arguing that accepting the gift may “tarnish” the school, due to Milken’s history with securities regulators. However, Dean Rachel Moran responded: “We do not believe that decades-old, unproven allegations should serve as a basis for rejecting a gift from a person who has made enormous contributions to the betterment of others and now wishes to do even more.”
  • Paying Back Student Loans. Although there has been much written about the difficulty law school graduates are having finding employment, The Connecticut Law Tribune does a good job of summarizing the issues many new lawyers deal with when having to pay back their loans. The ABA is doing a lot to tackle the issue, but student loans are still one of the biggest concerns—if not the biggest concern—for graduating law students.
  • Stats Sink. The Washington Post reports that law school applications are down 10% nationwide, because of the difficulties law graduates have faced in the job market. At University of Missouri enrollment is down 11%, at UCLA it is down 16%, University of Michigan had a decrease in enrollment of 14%, and Washington University has also had a 12% decrease in enrollment. An even scarier statistic is that only slightly more than two-thirds of spring 2010 graduates had jobs requiring law licenses nine months later—and only 87.4 percent of the class of 2010 had any sort of job nine months after graduation.

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College Admissions News Roundup

  

  • The New York Times announces Michele M. Moody, the first woman and the first black dean of Columbia College, is resigning after two years in her position. Moody says she is leaving as a result of certain administrative changes that would “diminish or eliminate her authority.”  Lee C. Bollinger, president of Columbia University, promises that an interim dean will be named soon.
  • To everyone’s surprise, the sociology job market has taken a turn for the better.  According to the American Sociological Association, assistant professor and open rank positions in sociology increased by 32% in 2010, reports Inside Higher Ed. Roberta Spalter-Roth, director of research at the association, says, “[T]he job market in sociology appears to have bottomed out and a recovery seems to have begun.”  
  • According to The Chronicle of Education, undergraduate business programs are increasingly making liberal arts an integral part of their programs. As such, The Chronicle interviewed Bentley University’s Dean, Daniel L. Everett, about the ways in which the university has successfully integrated business and liberal arts.
  • US News gives readers a window into the criteria University of Rochester uses when dispensing merit-based scholarship. The paper examines how colleges decide who is deserving of these awards by looking at the amount of money given based on various award criteria.
  • The Chronicle of Education announced that University of Southern California has launched its seven-year $6-billion fundraising campaign, the largest ever in higher education.  USC hopes the campaign will help revive the school’s endowment, attract strong faculty and assist with capital projects. The campaign is off to a great start and has already raised $1 billion.
  • The New York Times looks at a report published by the Pew Hispanic Center showing that Hispanics enrollment in college has risen 24% from 2009-2010. Currently, 1.8 million Hispanics are enrolled in US colleges, making Hispanics the largest minority group on American college campuses.
  • The Chronicle of Education reports that due to tough economic times colleges’ tuition discount rates have increased over the past ten years. In 2000 the average tuition discount rates for all undergraduates was 33.6% and in 2010 it was 37.1%.

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MBA Admissions News Roundup

  

  • On September 7th and 8th business schools all over the world will be taking part in The Economist Group‘s Which MBA? MBA Online Fair. Don’t miss this opportunity to research different programs and engage with admissions officers, deans and recent graduates at your top choice schools –No travel requiredRegister today!
  • GMAC has posted its first article in a series of Graduate Management News articles that will help MBA applicants navigate the four new question formats appearing on the GMAT exam in 2012.  Each of the additional articles is accompanied by a video that further explains the new types of GMAT questions.
  • US News examines the growing number of MBA students using their management degree to go into the nonprofit sector and examines some of the MBA programs that guide students in the nonprofit direction. The Social Enterprise Initiative at Harvard Business School, the Center for Social Innovation at Stanford Graduate School of Business, The Social Enterprise at Kellogg (SEEK) program, and the Skoll Centre for Social Entrepreneurship at Oxford’s Saïd Business School, are just a few of the programs to help MBA students integrate the business and nonprofit worlds.
  • Businessweek takes a look at a new test, the Certified Business Laureate Exam, which is a standardized business skills test for those planning on applying for entry-level corporate jobs. Guy Friedman, the test’s creator, argues that a good mark on the CBL exam could give job applicants a leg up. Even Businessweek believes that the exam could give students that extra edge.
  • An article in The Washington Post provides helpful tips for future MBA applicants from admissions officers at five top-ranked MBA programs.  Each admissions officer tackles one of the five main components of the MBA application process: application essays, letters of recommendation, academic credentials, work experience and an entrance interview.
  • London Business School announced that it plans on having women make up 30% of its MBA programme this coming year.  This goal was inspired by the target of the 30 Per Cent Club, which is shooting for 30% of British boardroom members to be female by 2015.
  • The MBA market is booming in the UK, while applications to MBA programs in the US are slightly down.  The Independent looks at why the London Business School has had 3,500 applications this year, and the demand for business courses in the UK is up 8%—higher than ever before. The top business masters in Britain are: London Business School, Said Business School, Oxford, Cambridge Judge Business School, Lancaster University Management School, Cranfield School of Management, Imperial College Business School, Manchester Business School, Cass Business School, London, Warwick Business School, and Strathclyde Business School.
  • Poets and Quants featured Accepted’s own Linda Abraham! In the first article, in a series of MBA essay writing tips, Linda teaches you how to start attacking the scary essay questions thrown at you in the MBA applications. Her most important piece of advice: Start with notes.

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