Numerous organizations, including business journals, newspapers and websites, publish universities offering MBA programs that are supposed to be the best in the country. If you compare such lists, you find that many of the same schools appear on it, although they are not listed in the same order on each list. These are usually schools that have national reputation and are well-known in many parts of the world. Unfortunately, an excellent school offering good MBA programs has no chance of being included in this ranking. Schools that are not part of a school are more suitable for some students than nationally-known schools.
If you attribute too much credibility to magazines such as Bloomberg Business Week, Forbes and The Wall Street Journal you will miss many opportunities to find an MBA program that best suits your needs. You also need to understand that these lists rank the business school rather than the school's MBA program. Many schools offer full-time, part-time and executive MBA. Distant learning programs are becoming increasingly popular. The full-time program of the school can be taught by highly trained professors, while the part-time program is taught by auxiliary devices without terminal.
Interesting is the ranking of MBA schools and programs when compared to a student's grade or a starting salary for graduates. In this article, we look at three rankings from the data provided by three large numbers of MBA schools.
The first ranking criterion is selectivity, or the extent to which applicants are rejected by an MBA program. This criterion should be done with some skepticism. A school that rejects a large number of applicants because many are not considered to be higher than a school that refuses to accept fewer applicants because it has few numbers but most are very good candidates. Of the 928 programs reported since January 2011, the first of the first 40 MBA programs were the first of the most selective programs:
Indian Institute of Technology Master of Management Program – India – 99
Dhaka University full time MBA – Bangladesh – 97
Chaminade University of Honolulu MBA Esti Program – US – 95
Singapore National University Part time MBA – Singapore -95
Singapore National University The NUS MBA – Singapore -93
HFU Hochschule Furtwangen University Executive MBA – Germany -90
Lahore Management Science University Full Time Program – Pakistan – 90
At the bottom of the two schools, the list of 40 schools in both places was # 35
Simon Fraser University MBA – Canada – 75
TiasNimbas Business School with a two-year part-time MBA – The Netherlands – 75
The second ranking criterion recruiting, the number of companies interviewing MBA students at the University of Graduation. It's important to understand that many recruits do not mean a large number of job offers, and many interviews do not always mean talking to the best companies. Much depends on the background and record of the individual student. Of the top 40 MBA school programs, out of the 423 reports from January 2011, the first five were the number of recruits:
Three MBA programs in Escuela de Administración de Empresas – Spain – 600
Full-time program of the University of Western Ontario – Canada – 330
Indian School of Business Postgraduate Program Management – India – 300
Kansas State University's Full Time Program – US-300
Washington State University Pullman Full Time Master – US – 300
University of Arizona full time MBA – US – 250
Full-time program at the Quinnipiac University – US – 235
The list continues to link around 120 MBA deals to the 29th place with 100 recruits each.
The third ranking rankings are weighted according to the importance of each MBA grade search engine. The assigned weights are as follows: 100 are assigned to the most popular item, the others have been evaluated accordingly.
MBA graduate high school salary – 100
Percentage of students participating in the program – 20
Average GPA for Entry Classes – 20
Average GMAT score for entry class – 13
The proportion of graduates after graduates – 6
Schools were asked to report the above data and the ranking obtained is based on the schools reporting all five data. Of the top 40 schools, the following 234 reports are available:
Ottawa University "Part-time program – Canada – 125.5
Full-Time Program of the Leipzig Doctoral School – Germany – 113.4
Doctoral School of Economics, Zurich Executive Program – Switzerland – 108.7
New York University's Full Time Program – USA – 105.3
Stanford University's Full Time Program – USA – 104.4
University of California, Berkeley Esti and Weekend MBA – US -104.1
MIT full-time, two-year MBA – US == 100.7
On the 40th list at # 39, Babson College's 2-year MBA was 78.6; and # 40, Texas A & M University Full Time MBA – 78.2. Interestingly, Babson's one-year MBA is listed in the 29th place.
Provided that the weighting criterion 5 indicates the MBA's educational quality, any school in list 40 can be considered a high-quality MBA program
There is a general consensus that the best MBA programs can be found in the United States. However, many other countries have a high reputation for their MBAs. Such foreign programs are typically modeled on the approach of American MBA education. As can be seen from the above lists, many non-US MBA programs are currently within the three quality criteria listed above.