MBA college based on Ranking

How To Select The Right B-school Based on MBA Ranking

Last updated on January 22nd, 2013

Reading Time: 3 minutes

B-school rankings are more than just an annual ritual undertaken by various media groups. If taken with a pinch of salt, B-school rankings can help MBA aspirants, companies and others to assess the reputation and credentials of a B-school in comparison to others.

But rankings should not be considered as the sole criteria to judge the standing of a Business school.

For instance, if you glance through any of the B-school rankings such as those of U.S. News, Business Week or Forbes, 3 schools that are ranked on top are Harvard, Stanford and Wharton. If Financial Times ranks Stanford first and Harvard second, does it mean that Stanford is better than Harvard? Or that you will have better career prospects at Stanford? No, not at all!

Rankings merely tell you whether a particular B-school you are applying to falls in the  Top 5, Top 10 or Top 20, based on which you can make a wise selection. As we have discussed previously, there are other criteria (geography, post-MBA goals, duration etc.) that determine which B-school would be best for your requirement. So, just because Chicago Booth is consistently ranked in the Top 5 doesn’t mean that it is also the most appropriate program for you!

 

What are these rankings actually based on?

1. Average post-MBA starting salary and bonus
2. Return on investment/Value-for-money education
3. Full-time graduates employed at graduation
4. Credentials of faculty
5. Programs offered
6. Quality of Networking
7. Kind of industries and recruiters approaching

 

Here is a glimpse of some of the B-school rankings!

 

U.S. News Rankings:

 

US NEWS B-school ranking

Source: US News 2016 Rankings

 

Business Week Rankings:

 

BLOOMBERG B-School Ranking

Source: Business Week 2016 Rankings

 

Financial Times Rankings:

 

Financial Times MBA Rankings

Source: Financial Times 2017 Rankings

 

Forbes rankings:

 

forbes MBA Ranking

Source: Forbes 2016 Rankings

 

The Economist Rankings:

 

The economist MBA ranking 2017

Source: The Economist 2016 Rankings

 

At the end of the day, B-schools do try to achieve higher rankings every year or at least maintain their position because rankings directly impact their marketability. The bottom-line is: do not be guided solely by the rank of the school – do your research; secondly, make sure you understand the ranking parameters and methodology before you accept the final numbers.

Are you confused between 1 year and 2 year MBA program? Read to know the pros and cons of each of these…

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