Tag Archives: Rankings
September 23, 2013
Last week, The Princeton Review and Entrepreneur magazine announced the results of their annual survey of the top entrepreneurship programs in the nation. These are the programs that offer a broad range of courses in …
Last week, The Princeton Review and Entrepreneur magazine announced the results of their annual survey of the top entrepreneurship programs in the nation. These are the programs that offer a broad range of courses in entrepreneurship, as well as significant opportunities for networking with established entrepreneurs, launching start-ups, and developing the skills needed to start successful businesses.
“Our annual ranking provides current and potential entrepreneurs with an overview of the best programs out there that will help cultivate their passions,” says Amy Cosper, VP and editor in chief of Entrepreneur magazine.
Babson College in Massachusetts earned the #1 spot on the undergraduate entrepreneurship program list for the second consecutive year, and it ranked #2 on the graduate program list. Meanwhile, the University of Michigan finished #1 on the graduate program list, up from #2 in 2012.
“We have created a culture at Ross where entrepreneurship is a major focus of our curriculum and a core value,” says Alison Davis-Blake, dean of the University of Michigan’s Ross School of Business, in a statement.
Stewart Thornhill, executive director of the school’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies, calls the ranking a badge of honor as well as an endorsement of Ross’s unique methodology. “We do it through a matrix of multidisciplinary coursework, action-based learning, staff and faculty seminars, and alumni networking,” he explains.
Top 10 Graduate Schools for Entrepreneurship Programs
- University of Michigan Ross School of Business
- Babson College
- Harvard Business School
- Rice University
- University of Virginia Darden School of Business
- Stanford Graduate School of Business
- UT McCombs School of Business
- Brigham Young University
- UNC Kenan-Flagler Business School
- USC Marshall School of Business
This year’s roster includes several schools that made the top entrepreneurship program lists for the first time, including Harvard University, George Washington University (#25-graduate list), New York University (#24-graduate list), and Stanford University (#7-undergraduate list and #6-graduate list).
The Princeton Review conducted its survey for this project from April through June 2013. From more than 2,000 schools that The Princeton Review solicited data for this project, 39 institutions’ undergraduate and/or graduate programs made it to the final list.
The survey asked school administrators 60 questions covering: their schools’ levels of commitment to entrepreneurship inside and outside the classroom, the percentage of faculty, students, and alumni actively and successfully involved in entrepreneurial endeavors, and the number and reach of their mentorship programs.
Schools also provided information about their scholarships and grants for entrepreneurial studies and projects, and their support for school-sponsored business plan competitions. In all, over 30 data points were analyzed to tally the final list of top ranking programs and schools.
“The opportunity to expand a skillset or network with business influentials can launch a career forward or infuse new perspectives into a company’s growth strategy,” says Cosper. “The competitive edge these institutions provide is reason enough to see their value, no matter how untraditional the entrepreneurial pursuit may be.”
The Princeton Review has partnered with Entrepreneur Media Inc. on this annual project since 2006. Only schools that participate in The Princeton Review survey for this project are eligible for consideration for the ranking lists.
August 12, 2013
The University of Maryland announced today that it has appointed Alexander J. Triantis as dean of the Robert H. Smith School of Business. Triantis, who has been with the Smith School for 17 years and …
The University of Maryland announced today that it has appointed Alexander J. Triantis as dean of the Robert H. Smith School of Business. Triantis, who has been with the Smith School for 17 years and is currently a professor of finance, succeeds G. “Anand” Anandalingam and assumes his new role Sept. 1, 2013.
Dean Triantis will build on the Smith School’s advances in student experience, alumni engagement, and connections with business leaders, policymakers and the media. The Smith School’s MBA program is currently recognized as No. 24 among business schools nationwide in the most recent Bloomberg BusinessWeek rankings — which also rated the school No. 2 in student satisfaction, career services and teaching.
Triantis joined the Smith School faculty in 1996 and served as chair of the department of finance from 2006-2011. Under his leadership, the Smith School launched a master’s degree program in finance, innovative undergraduate fellows programs, and the groundbreaking Center for Financial Policy, which connects faculty with Washington policymakers to leverage the impact of faculty research on important financial policy issues.
Prior to joining the Smith School, he was an assistant and associate professor at the University of Wisconsin and a visiting scholar at the MIT Sloan School of Management.
“I am very honored to be appointed to this role,” says Triantis. “The Smith School already has strong momentum with exceptional faculty intellectual capital, leading centers of excellence, and diverse, creative and entrepreneurial students. I’m excited to have the opportunity to work in a new way with Smith’s outstanding community of faculty, students, alumni and staff to help the school reach its full potential as a world leader in business education.”
December 6, 2012
Earlier this week, the Financial Times released its ninth annual ranking of the best European business schools. In a major upset, Spain’s IE Business School unseated HEC Paris, which had occupied the top slot for …
Earlier this week, the Financial Times released its ninth annual ranking of the best European business schools. In a major upset, Spain’s IE Business School unseated HEC Paris, which had occupied the top slot for the previous six years.
The ranking assesses the combined performance of Europe’s leading schools over four FT rankings in 2012: full-time MBA, executive MBA, masters in management, and non-degree executive education programs.
The Financial Times’ top 10 European schools are:
1. IE Business School
2. HEC Paris
3. London Business School
8. University of Saint Gallen
9. Rotterdam School of Management
10. ESCP Europe
Both quality and quantity are required to reach the top, FT explains, noting that IE Business School is now included in all five rankings, having participated in the master in management ranking for the first time in 2012.
Though HEC Paris performed well across all five rankings, it received only a third of the program score due to the fact that its score in the EMBA ranking is reduced by two-thirds since it is part of the Trium joint program with NYU Stern School of Business and London School of Economics. In effect, writes the FT, HEC’s 4.33 programs lost out to IE’s five programs.
For more details on the rankings, including the strength of business education by country, see the complete 2012 Financial Times European business school rankings.
November 16, 2012
The subject of rankings comes up a lot with MBA applicants. I’m always surprised by the extreme interest in rankings, which are, after all, rather fleeting. You may have your sights set on the “No. 1”³ school, but a decade from now, that same stellar program might have slipped to number 10.
For that reason, I don’t like to encourage clients to focus too heavily on rankings when they’re making their MBA program selections, since placing a heavy emphasis on rankings can actually become a distraction for some applicants. Have you ever wondered how major news websites like Bloomberg Businessweek come up with their rankings in the first place? Although the methodology is always explained for interested readers, I doubt too many applicants research the subject in detail.
Earlier this week, Conrad Chua of the Cambridge MBA Admissions Blog shared his perspective of the rankings process from the school’s point of view. I found his comments quite informative and wanted to share a few of the highlights here.
Chua points out that many surveys, like that of Businessweek mentioned above, are extremely U.S.-focused, so that the data gathered naturally skews against MBA programs located abroad. Participating in these rankings are also unbelievably time-consuming for the admissions officers. Schools are asked to submit answers to more than 100 questions, says Chua, who notes that there are 200 cells to fill in for the salary data information alone, and that just accounts for five of the 100 questions.
The statistically-minded among you will be asking yourself what algorithm could combine so much disparate data into a score that can be used to rank different schools. And the simple answer is that none of this information matters in the final analysis because Business Week does not use any of the data that the school provides.
Forty-five percent of the Business Week ranking is determined by student survey responses, 45% from a survey of recruiters, and 10% from the number of publications, books and articles published by the school’s faculty.
At the heart of the issue, Chua says, is whether it makes sense at all to rank one school as being better than another in such a one-dimensional sense as rankings.
While rankings can inform your decision of where to apply, I think applicants would do well to focus more on a program’s culture, size, or the strength of its alumni network. When Stacy Blackman Consulting surveyed 652 business school applicants in February 2012 to find out what matters most to today’s applicants and why, fewer than 12 percent of survey respondents considered culture a top priority, and a mere handful noted that program content was the most important factor influencing the decision to attend a particular business school. I find these results troubling, because it means people aren’t paying enough attention to the program that’s truly a good fit for them.
As for Chua, he says, “I would encourage people to ask what is the objective(s) of an MBA education (and it is still an education). That’s a more enriching discussion than why alums in the East Coast from one school has a higher median salary than alums in the Pacific Northwest from another school.”
November 6, 2012
Wondering which MBA programs boast the best track record for MBA job placement? The results of Bloomberg Businessweek‘s recently released study of job placement rates among the top-30 U.S. business schools may surprise you. With …
Wondering which MBA programs boast the best track record for MBA job placement? The results of Bloomberg Businessweek‘s recently released study of job placement rates among the top-30 U.S. business schools may surprise you.
With only a tiny fraction of 2012 graduates still out of work three months after graduation, the top spot goes to Emory University’s Goizueta Business School, which saw just 2 percent of students without job offers within that time frame.
UC Berkeley Haas School of Business ranks second, and I’m happy to see my alma mater Kellogg School of Management nab third place. Only 4 percent of Kellogg graduates had no job offers within three months of earning their degrees—a steady improvement over the 6 percent without an offer in 2011 and the 10 percent in 2010.
Top Ten Business Schools in 2012 for MBA Job Placement
1. Emory University: Goizueta Business School
2. University of California at Berkeley: Haas School of Business
3. Northwestern University: Kellogg School of Management
4. MIT Sloan School of Management
5. Columbia Business School
6. Rice University: Jones Graduate School of Business
7. University of Chicago Booth School of Business
8. Indiana University: Kelley School of Business
9. University of Pennsylvania: Wharton School
10. Dartmouth’s Tuck School of Business and Harvard Business School, tied
Several stellar programs make up the other end of the spectrum, which will no doubt come as a shock to many readers. In the bottom five, the study reports Yale School of Management is 25th, Stanford Graduate School of Business is 26th, UNC Kenan-Flagler Business School at 27th, UM Ross School of Business at 28th, and Southern Methodist University Cox School of Business in 29th place.
The Marshall School of Business at the University of Southern California came in last at no. 30. Twenty-three percent of USC business school graduates did not have a job offer within three months of earning their degree.
According to the business publication, consulting was the most popular industry, followed closely by financial services. Other hot industries for graduates this year were technology, consumer products, and energy.
Meanwhile, employers such as Boston Consulting Group, Amazon.com, and McKinsey were active on the recruiting scene, snapping up many of this year’s most promising MBA graduates and ranking as top employers on many business school campuses, Bloomberg Businessweek reveals.
Editors note that the job placement report refers to job offers received within three months. Though some may argue that jobs offered isn’t the same as job offers accepted, associate editor Louis Lavelle points out that at three months out, the percentage of offers and acceptances is virtually identical at every school. “There aren’t a whole lot of MBAs sitting around collecting offers all summer without jumping on one,” Lavelle says.
October 5, 2012
The Economist announced its 2012 full-time MBA rankings yesterday, and the Chicago Booth School of Business came out way ahead in one area the MBA students polled believe is most important: Booth is a program …
The Economist announced its 2012 full-time MBA rankings yesterday, and the Chicago Booth School of Business came out way ahead in one area the MBA students polled believe is most important: Booth is a program that opens an array of new career opportunities.
Despite Booth’s reputation for finance and “super quants”, The Economist found it to be a well-rounded MBA program, with graduates gushing about finding employment in the widest range of industries, and students believing the Chicago Booth career services were top-notch.
Last year’s first-place winner, Dartmouth College’s Tuck School of Business, slipped into second-position in 2012, and Darden School of Business crept up a notch to third place this time around. Some schools made big moves in this latest round of rankings, with Cornell’s Johnson School jumping ten spots to come in 15th, and Switzerland’s IMD dropping into 10th place after coming in third in 2011.
The Economist Top Ten Full-Time MBA Programs
- Chicago Booth School of Business
- Tuck School of Business at Dartmouth
- Darden School of Business
- Harvard Business School
- Columbia Business School
- UC Berkeley Haas School of Business
- MIT Sloan School of Management
- Stanford Graduate School of Business
- IESE Business School
Looking at an initial selection of 135 leading business schools around the world, the ranking criteria The Economist uses is based on how well the program opens new career opportunities (35%), one’s personal development/education experience (35%), increase in salary (20%), and the potential to network (10%).
Data were collected during spring 2012 using two web-based questionnaires, one for business schools and one for students and recent graduates. A total of 15,550 students and graduates participated.