Paul L. Caron
Dean



Thursday, May 19, 2011

Ranking the B-School Rankings

Poets & Quants, Turning the Tables: Ranking the MBA Rankings:

How is it possible that the five major rankings of business schools all have different winners at the top? How can they rank a single school ... so differently? Chalk it up to the differing ways each publication cranks out its list of the best.  The different methodologies employed for these rankings have as much if not more to do with where the schools place rather than the actual quality of the institution or the MBA experience.

The general problem with most rankings is that they measure what is easy to count, largely statistics on average GMATs and GPAs, starting salaries and bonuses, rather than what really matters. The latter is harder to get at, but essentially what is more important is whether you think the cost of the degree is worth the time and effort. Was the teaching quality superb? Did you learn as much from your fellow students as you did from the faculty? Did the coursework prepare you for a successful career? Do you feel the alumni network will help you throughout your professional life? Did you create friends who you will keep for the rest of your life? Did the degree enrich you far beyond the monetary rewards? Those are questions that few rankings tend to measure, yet those are the important questions. ...

How would you rank the rankings? ...  Here’s my two cents on how the best stack up against each other. [There is an extensive discussion of the pros and cons of each of the five major rankings, as well as of the Wall Street Journal rankings, which were discontinued in 2007.]


 

Business Week

Forbes

USNews

Financial Times

Economist

1

Chicago

Stanford

Harvard

London

Chicago

2

Harvard

Dartmouth

Stanford

Penn

Dartmouth

3

Penn

Harvard

MIT

Harvard

UCBerkeley

4

Northwestern

Chicago

Northwestern

Stanford

Harvard

5

Stanford

Penn

Chicago

Insead

IESE

https://taxprof.typepad.com/taxprof_blog/2011/05/rankings-the-.html

Law School Rankings, Legal Education | Permalink

TrackBack URL for this entry:

https://www.typepad.com/services/trackback/6a00d8341c4eab53ef014e8887c0c8970d

Listed below are links to weblogs that reference Ranking the B-School Rankings:

Comments

The reason the rankings are different is the rankings are subjective. The MBA is different from an MT or LL.M. In a tax program you actually need to be able to produce objective results and know how to follow rules and perform calculations. In an MBA program, you must master the art of "subjectivity". In law school look at "Torts" v. "Tax". In torts you study the "reasonable man standard". Who is this man and what is his standard? You learn about "proximate cause". when does this occur? In tax, you must calculate 40% of the employees to be placed into a DB plan.You have 10 employees-do the math. Or you have $100,000 earning 6% per year what is the value in 10 years?-do the math. Objective v. subjective standards. US News and Forbes are U.S. based. Economist and Financial Times are UK based. Notice the "bias". Where are the asian schools? The real reason for the rankings....they sell magazines.

Posted by: Nick | May 20, 2011 9:20:26 AM