If you are researching you MBA options, you are likely aware of the recent release of the Financial Times global business school rankings where The Merage School rose to 49th globally and 31st in the United States. It is always great when Dean Policano's vision is bringing world-wide recognition, but it is important to keep perspective when reviewing these rankings.
Contrary to appearances, journal rankings are not an objective. The final ranks are very much influenced by the relative weights on the various categories applied by the authors. The relative difference between the 10-50 ranked schools is so minor that we can see large jumps or drops in the rankings by schools in this area. A minor increase in GMAT scores or faculty research can jump a school's rank by 5 or 10 spots. Does this small shift really make it that much better than the other schools?
While I am happy about the recognition, prospective students and future employers need to keep these ranking in perspective. Any schools in the top 50 area are solid schools with great students and faculty. The key is focus what school is a fit because if it fits you will enjoy the experience and that translates into future success.
Saturday, February 17, 2007
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