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2014 Businessweek Business School Ranking: Fuqua and ESMT's Unbelievable Rise

BusinessWeek Full-time MBA Ranking 2014Fuqua School of Business has replaced Chicago Booth to top the 2014 Bloomberg Businessweek Business School ranking - a 5-position jump from the 2012 ranking. Booth lost two positions and ranks at #3. Wharton moved one position up and ranked at #2. Remember, Businessweek Business School rankings are a biennial ranking with 25% of ranking points influenced by the 2012 survey data and 75% by the 2014 data. The biggest casualty has been the Harvard MBA program, losing six positions to rank at #8. The ranking is based on three factors: student satisfaction (45%), employer feedback (45%), and Expertise of the Faculty (10%).

Businessweek has a separate ranking list for International MBA programs. In the International list, Ivey School of Business, Canada took the top honors replacing London Business School to rank at #1. London Business School lost three positions to rank at #4. A surprise entrant to the top 3 ranking was ESMT European School of Management and Technology, Berlin, taking #3 position. The MBA program was not featured in the Top 100 MBA programs in 2012. The ever reliable IE Business School took #2 position, a one position jump while its close competitor from Spain, IESE, maintained the #8 position. Insead was another casualty, losing three positions to rank at #5.

Business School Ranking - Data and Minimum Criteria

From April to June 2014, The Businessweek team surveyed 21,833 full-time MBAs graduating at 138 Business schools. To be featured in the ranking, at least 30% of the graduating class has to respond, and 16 schools did not meet this criterion. For the other schools, the response has been below simple majority – 48.6%.

Employer Rating – The Ranking that matters

Even though school culture, faculty, and learning experience were important, and the student feedback gave an insight into where each school stands compared to what they promote, the real differentiator was the Employer ranking. There was little difference among Top MBA programs when it came to student feedback.

Based on Employer Feedback – Top 5 US MBA Programs are:

1. Pennsylvania (Wharton)
2. Duke (Fuqua)
3. Chicago (Booth)
4. Stanford
5. Northwestern (Kellogg)

Based on Employer Feedback – Top 5 International MBA Programs are:

1. Richard Ivey School of Business, Canada
2. ESMT, Berlin
3. Rotman School of Management, Toronto
4. London Business School
5. INSEAD

Ranking Index Score

One data point to keep a close eye is the Ranking Index Score. The scores are relative, which means the top ranking MBA program gets 100 point, and the second school’s index score is calculated by dividing it’s weighted sum by the top school’s weighted sum, and then multiplying it by 100.

If Duke Fuqua has a weighted score of 179 points, then Wharton scored 177.15 points.  The index score for Wharton is then calculated as:

(177.15/179)*100 = 98.97

As you can see, the difference in 1 or 2 points in the Index score translated to a small difference in the weighted score, but anything more than 5-6 points translates to considerable difference in the weighted score. So when you see the ranking data of the top 10 Full-time MBA programs, look at the index score and notice the difference. There lies the key differentiation.

2014 Rank2012 RankSchoolRanking Index Score
16Duke Fuqua100
23Wharton98.97
31Chicago Booth98.3
44Stanford96.62
513Columbia95.39
621Yale95.31
75Kellogg95.09
82Harvard92.86
98Michigan Ross92.5
1011Carnegie Mellon (Tepper)91.34
2014 International Rank2012 RankSchoolRanking Index Score
17Western (Ivey)100
23IE Business School98.79
3NAESMT97.03
41London Business School93.92
52Insead93.15
6NACambridge (Judge)86.97
75Oxford (Said)81.94
88IESE81.76
99IMD80.79
104Queen's80.78

Top 31 MBA Programs + Analysis of 24 Industries (United States)


We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).


Pages: 327

Reviews

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

Download How to Choose the Best MBA in US: The Ultimate Guide
(2018 Entering Class)

Top 31 MBA Programs + Analysis of 24 Industries (United States)


We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).


Pages: 327

Reviews

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

Download How to Choose the Best MBA in US: The Ultimate Guide
(2018 Entering Class)

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