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Businessweek MBA Rankings 2016: Money can help Rankings

best mba programs in the world businessweekBloomberg BusinessWeek full-time MBA ranking is perhaps the most influential ranking in MBA Admissions. After the publication discontinued their biennial rankings for the more current annual ranking, the influence of current students on the rankings have taken up 15% of the total score. With the change in the frequency of ranking, there have been a few casualties. The big names that saw its ranking drop out of top 10 include Booth, Columbia, and Ross.

For the 2016 ranking, Bloomberg gave Employer survey rank the highest weightage (35%), followed by Alumni Survey rank (30%), while student survey took a slightly higher weightage (15%), over Salary rank(10%) and Job placement rank (10%).

If you look at the Job Placement rank, the top 10 Business Schools would not even feature in the top 20 list. Part of this discrepancy can be explained by the brand affinity of the top 10 Business Schools and the type of candidates the school attracts. They don’t need any special training or spoon-feeding to match their post-MBA goals with the right employers. Most of the candidates in top Business Schools are self-starters who do not depend on the career service team to offer the big breaks. So if you are looking at Top Full-time MBA programs for job placement, filter them accordingly.

With a heavy emphasis on Employer and Alumni feedback, the status quo has been maintained except for a few casualties.

Top US Schools (2016)

• Harvard
• Stanford
• Duke Fuqua
• Booth
• Tuck
• Wharton
• MIT Sloan
• Rice Jones
• Kellogg
• Berkeley Haas

Ranking Index Score

Top 10 Business Schools according to Bloomberg BW Full-time MBA Rankings

More than the ranking keep an eye on the ranking index score.  Harvard is #1 with a score of 100. Stanford has an index score of 90.6. A difference of a few decimal points or 1-2 points is insignificant, but if the index score varies by over 3 points, the difference between the schools is significant.

What we found interesting

1) Harvard and Stanford rank comparatively low among Alumni and Current students.

2) Stanford does not rank in the top 10 reputed Schools among Employers (according to the Employer Survey). MIT Sloan ranks #2 for the same criteria, just behind Harvard

3)
Haas, Darden, and Rice Jones feature among the top 3 schools that have the most satisfied alumni and current students

4) Money talks. Wherever Harvard and Stanford could not feature, the post-MBA salary compensated for all the weaknesses. Stanford is #1 and Harvard #2 while MIT Sloan is at #3.

5) Financial Services is back with a bang as the most preferred Industry (17.3%), followed by Consulting (17.0%) and Technology (16.4%).

6) Full-time MBA creates a big hole in your pocket.

The total cost (including opportunity cost) is at $248,000 for a 2-year MBA program. No wonder Stanford and Harvard rank in the top 3 despite an average showing in other ranking factors.

Median Base Salary (Stanford) = $130,000
Median Sign-in Bonus (Stanford) = $25,000
Median Guaranteed Compensation (Stanford) = $52,000
Total Median Salary = $207,000


Median Base Salary (Harvard) = $135,000
Median Sign-in Bonus (Harvard) = $25,000
Median Guaranteed Compensation (Harvard) = $32,000
Total Median Salary = $192,000

Total Median Salary (Stanford > Harvard) by $15,000

The growth in other guaranteed compensation is the reason why Stanford is beating Harvard by over $15k in post-MBA salary.

Reference: BusinessWeek Full-time MBA Rankings

Top US MBA(2016)Top US MBA (2015)Status
1HarvardHarvardSame
2StanfordBoothUp
3Duke FuquaKelloggUp
4BoothMIT SloanUp
5TuckWhartonUp
6WhartonColumbiaUp
7MIT SloanStanfordDown
8Rice JonesDuke FuquaDown
9KelloggBerkeley HaasUp
10Berkeley HaasMichigan RossUp
On Alumni & Student RankingAverage Rank
1Berkeley Haas4.5
2Virginia (Darden)7
3Rice Jones9
4Duke (Fuqua)9.5
5Harvard10
6Stanford11.5
7Yale14.5
8Northwestern (Kellogg)16
9Dartmouth (Tuck)17.5
10Emory (Goizueta)19
Top US Schools 2016 (Salary)
1Stanford
2Harvard
3MIT Sloan
4Wharton
5Columbia
6Tuck Dartmouth
7Booth
8Berkeley Haas
9Cornell Johnson
10Kellogg
Top US Schools 2016 (Employer Reputation)
1Harvard
2MIT Sloan
3Booth
4Wharton
5Columbia
6Duke Fuqua
7Kellogg
8Tuck Dartmouth
9Michigan Ross
10Tepper

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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