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Analysis: 2015 BusinessWeek Full-time MBA Rankings

businessweek mba rankings 2015Bloomberg BusinessWeek is discontinuing the biennial rankings from 2015 and has released the annual ranking for 2015. What is interesting this year is that for the first time in BusinessWeek MBA Ranking, Alumni Feedback (35%) has been included as part of the ranking. BW took inputs from Alumni, who have graduated in 2007, 08 and 09. The ranking has done away with the research papers published by the Faculty as one of the ranking factors. Instead, the focus has been exclusively on the post-MBA salary increase, placement trends, and brand value of the Business School.

With a heavy emphasis on Alumni and Student feedback, the powerhouse brands have taken over the rising stars. As expected, Harvard is on top, followed by Booth, and Kellogg.

Top 10 Business Schools (US)


1) Harvard
2) Booth
3) Kellogg
4) MIT Sloan
5) Wharton
6) Columbia
7) Stanford
8) Duke Fuqua
9) Berkeley Haas
10) Michigan Ross

Ranking Index Score


More than the ranking keep an eye on the ranking index score. Harvard is #1 with a score of 100. Booth has an index score of 98.47. A difference of 1 or 2 points is insignificant but if the index score varies by over 3 points, the difference between the schools is significant.

For example, Fuqua scores 94.07 and Haas 91.83 a significant difference if you ask us, but they are separated by just 1 rank.

If Harvard has a weighted score of 479 points, then what is the weighted score for Duke Fuqua?

(X/479)*100 = 94.07

X (Weighted Score for Fuqua) = 450.59

If Harvard has a weighted score of 479 points, then what is the weighted score for Haas?

(Y/479)*100 = 91.83

Y (Weighted Score for Haas) = 439.86

The difference in weighted scores is even greater. Let us assume that you pick schools just on ranking. Don’t pick a school just because they rank one place below your favorite school. Look closely at the numbers, especially the index score and the weighted score for a better perspective.

BusinessWeek has retained a separate ranking for International MBA programs (Non-US). It is partially justified given the variation in the duration of the MBA program. For this ranking, Ivey retains the top honors followed by London Business School, which made a comeback from #4 to #2. Similarly, Insead made a jump from #5 to #2. Unfortunately, the casualties are the rising stars like ESMT, Berlin, which lost 12 spots from #3 to #15.

Top Business Schools (International)

1) Western (Ivey)    
2)  London Business School    
3)  INSEAD    
4)  IE    
5)  IMD    
6)  Oxford (Saïd)    
7)  IESE    
8)  Cambridge (Judge)    
9)  Queen's    
10) HEC Paris

Last year, three factors influenced the ranking – student satisfaction (45%), Employer Feedback (45%) and Expertise of the Faculty (10%). In 2015, the ranking factors are Employer Feedback (35%), Alumni Feedback (30%), Student Feedback (15%), Job Placement Rate (10%) and Starting Salary (10%). However, there is one flaw in the ranking – a large percentage of recruiters tend to be Alumni of the Business School, thus influencing the ranking by over 50%. Unless the student had experienced a significant improvement in their skills and received relevant opportunities through the school’s network, they are less likely to recruit from their Alma matter. The ranking is skewed towards the established players. Emerging schools will take another 3-5 years to show any impact on the ranking.

Summary of Survey

Employer Survey (35% on Total Score):
Invited 16,984 recruiters; 1,461 recruiters at 672 firms completed the survey; response rate 8.6%

Alumni Survey (30% of Total Score):
Used 12,773 survey responses from alumni, at 29.43% response rate. A minimum response rate of 16% from the class of 2007-09 was required to be featured in the Business School ranking.

Student Survey (15% of Total Score): Used 9,119 survey responses from the class of 2015 with a response rate of  54.12%. A minimum response rate of 33% was required to be featured in the ranking.

With just 8.6% response rate, we wouldn’t bet on the Employer rating that contributes 35% towards the ranking. The Alumni & Student Feedback along with the salary rank gives a better picture of the Business School ranking. Job placement rank is a flawed indicator of the effectiveness of the school. 90% placement is no way a guarantee that the MBA candidates have chosen the post-MBA path.

To see our consolidated ranking based on BusinessWeek survey data (excluding the Employer rating and Job Placement rank), scroll down. For BusinessWeek Top Business School ranking 2015 in its original form, click here.

On Alumni, Student and Salary RankingAverage Rank
1UC Berkeley (Haas)5
2Stanford5.33
3Kellogg7.33
4Harvard7.6
5UCLA Anderson8.33
6Duke Fuqua10
7Dartmouth (Tuck)11
8Rice (Jones)11.66
9MIT12
10Virginia (Darden)13.33
Top US SchoolsIndex Score
1Harvard100
2Booth98.47
3Kellogg98.24
4MIT Sloan96.05
5Wharton95.92
6Columbia95.61
7Stanford94.66
8Duke Fuqua94.07
9Berkeley Haas91.83
10Michigan Ross91.74
Top Non-US SchoolsIndex Score
1Western (Ivey)100
2London Business School99.1
3INSEAD93.65
4IE93.43
5IMD92.85
6Oxford Said86.16
7IESE85.74
8Cambridge (Judge)82.5
9Queen's82.25
10HEC Paris79.75

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ATTENTION is the secret ingredient. How will you get the attention of the essay reviewer?

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Pages: 618

Winning MBA Essay Guide Includes
+Harvard MBA Essay Tips (2018 Entering Class)
    Sample MBA Essay – Gratitude & Giving Back   
    Sample MBA Essay – Entrepreneurship (Influence of Childhood)   

+
Stanford
MBA Essay Tips (2018 Entering Class)
    Sample Essay A
+ Chicago Booth MBA Essay Tips (2018 Entering Class)
    #1. Modern Art = Make you Think   
    #2. Teamwork and Individual Ambition   
    #3. Adventure   
    #4. Diversity = Creativity   
    #5. Classroom Experience   
    #6. Harper Center   

+ Columbia MBA Essay Tips (2018 Entering Class)
     Sample MBA Essay – Most Passionate About   
     Sample MBA Essay – Free Day   

+ MIT Sloan MBA Essay Tips (2018 Entering Class)
     Sample Cover Letter
+ Kellogg MBA Essay Tips (2018 Entering Class)
     Sample Essay - Leadership and Challenges   
     Sample Essay - How you have grown and intend to grow   

+ Insead MBA Essay Tips (2018 Entering Class)
   Sample Essay 1: Candid Description, Strengths & Weaknesses
    Sample Essay 2: Achievements and Failures
    Sample Essay 3: Extra-Curricular and How enriched you are

+
Haas
MBA Essay Tips (2018 Entering Class)
     Sample MBA Essay: Non-Profit   
     Sample MBA Essay: Technology   
     Sample MBA Essay: Marketing   
     Sample MBA Essay: Getting Fired   
     Sample MBA Essay: Diverse and Inclusive Culture   
     Sample MBA Essay: Leadership   
     Sample MBA Essay: Post-MBA Goal & How Pre-MBA Experience will help  
 
+ Yale SOM MBA Essay Tips (2018 Entering Class)
     Sample MBA Essay – Investment Banker
     Sample MBA Essay - Consultant  
     Sample MBA Essay - Technologist  
     Sample MBA Essay - Marketer  
     Sample MBA Essay - Entrepreneur  
 
+ Ross MBA Essay Tips (2018 Entering Class)
    Sample MBA Essay: Finance Professional who was a former member of a rock band   
    Sample MBA Essay: Technologist (Idea to Action)   
    Sample MBA Essay: Creative Marketing (Idea to Action)   
    Sample MBA Essay: Consulting (Made a Difference)   
    Sample MBA Essay: Losing a Client (Resilience)   
    Sample MBA Essay: Finance to Marketing (extra-curricular)   
    Sample MBA Essay: I am Aware that I am different   
    Sample MBA Essay: I find it Challenging when People   
    Sample MBA Essay: A valuable thing I have taught someone   
    Sample Essay – Part 2 (Short-term & Long-Term Goals, skills relevant to your career goals and how Ross  
    prepares you for the goals)   
+ Wharton MBA Essay Tips (2018 Entering Class)
    8 Professional Gains

+
London Business School
MBA Essay Tips (2018 Entering Class)
    London as the Financial Hub   
    London as the Technology Hub   
    London as the Consulting Hub   
    How to Cite the Curriculum (Example)   
    Sample LBS MBA Essay: Post-MBA Goals - How Prior Experience & LBS MBA will contribute (486   
    Words)
   
+ Darden MBA Essay Tips (2018 Entering Class)
    Case Study Method   
    What is valued at Darden?
    Framework for Answering the Darden Essay Question   
    Sample Darden Essay: When your opinion evolved through discussions (499 Words)

+ Duke Fuqua MBA Essay Tips (2018 Entering Class)
    Framework for Answering the Duke Fuqua Short-Answer Essay Questions   
    Sample Short-term Goals Essay – Technology to Consulting (100 Words)   
    Sample Long-term Goals Essay – Consulting for Government (100 Words)   
    Sample Long-term Goals Essay – Plan B (89 Words)   
    Framework for Answering the Duke Fuqua 25 Random Things   
    Sample Duke Fuqua Essay: The Fuqua community and you (Max 2 Pages)  
+ NYU Stern MBA Essay Tips (2018 Entering Class)
     Sample NYU Stern Essay 1: Goals (498 Words)    
     Essay 3:  Personal Expression (a.k.a. "Pick Six")    
          5 Examples with Images

+ Sample Essays
+ The Art of Storytelling 
+ Leadership Narratives
+ Review Tips
+ Persuasion Strategies
+ The Secret to "unleashing" your unique voice
+ How to write about your Strengths
+ How to write about your Weaknesses

Download Winning MBA Essay 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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