Bloomberg Businessweek has released its 14th biennial ranking of 112 full-time MBA programs globally to determine which business schools offer the strongest education and best prepare MBAs for their careers.
Duke University’s Fuqua School of Business claims the number one spot among U.S. programs. The University of Chicago’s Booth School of Business—which had been number one on the past four rankings—fell to number three.
The University of Pennsylvania is number two, Stanford University is number four, and Columbia University is number five. Harvard Business School is out of the top five for the first time since the Businessweek ranking began in 1988.
Internationally, Western University’s Ivey Business School in Ontario, Canada is number one, IE Business School in Madrid, Spain is number two, and ESMT in Berlin, Germany is number three. London Business School, Bloomberg Businessweek’s 2012 international winner, falls to number four.
Below are Bloomberg Businessweek’s 2014 Top 20 U.S. Full-Time MBA Programs:
|2014 Rank||2012 Rank||U.S. Business School|
|1||6||Duke University (Fuqua)|
|2||3||University of Pennsylvania (Wharton)|
|3||1||University of Chicago (Booth)|
|7||5||Northwestern University (Kellogg)|
|9||8||University of Michigan at Ann Arbor (Ross)|
|10||11||Carnegie Mellon University (Tepper)|
|11||18||University of California at Los Angeles (Anderson)|
|12||17||University of North Carolina at Chapel Hill (Kenan-Flagler)|
|13||7||Cornell University (Johnson)|
|14||9||Massachusetts Institute of Technology (Sloan)|
|15||12||Dartmouth College (Tuck)|
|16||15||Indiana University (Kelley)|
|17||24||University of Maryland (Smith)|
|18||22||Emory University (Goizueta)|
|19||14||University of California at Berkeley (Haas)|
|20||10||University of Virginia (Darden)|
The closest Fuqua has come to the top spot on Bloomberg Businessweek’s ranking of MBA programs was its fifth place finish in 2000—it ranked sixth in 2012. “Fuqua’s number one ranking this year is thanks in large part to employers’ esteem for its graduates,” says Jonathan Rodkin, research and rankings coordinator, Bloomberg Businessweek. “Fuqua ranked second overall among employers, rising from number seven in 2012, with recruiters noting that its students are exceptionally good at working collaboratively.”
Eighty-five U.S. and 27 international MBA programs were ranked on three measures: 1. Employer Assessment (45 percent): how recruiters at companies that hire MBAs judge each school’s graduates, measured by a survey administered by Bloomberg Businessweek. 2. Student Experience (45 percent of the ranking): how graduating MBA students rated their education, measured by a second survey. 3. Intellectual Capital (10 percent): the expertise of its faculty, determined by a tally of faculty research in esteemed journals. The full methodology can be found at http://buswk.co/2014MBAMethodology.
“Don’t let rankings alone make your school decision for you,” says Francesca Levy, business education editor, Bloomberg Businessweek. “Our rankings, school profiles and editorial analyses offer a thorough picture of the current landscape of full-time MBA programs, but deciding where to go to school is a personal decision. A school that is right for one student may be wrong for another.”