Booth, Tuck and Darden - Winners (The Economist MBA Ranking 2012)

The Economist ranking 2012-13 for Full-time MBA Program has been released.  The return of Chicago Booth as the best Full-time MBA program has been the biggest surprise. Booth MBA is known for its Quant focus but to top the Economist Full-time MBA program, you need more than one strong point. The Four Business School ranking evaluation factors include: open new career opportunities (35%); personal development/educational experience (35%); increasing salary (20%); and the potential to network (10%).

The split up of each evaluation factors are as follows:

Open New Career Opportunities (35%)

a) Diversity of Recruiters (25%)
b) Assessment of Career Services (25%)
c) Jobs Found through Career Service (25%)
d) Student Assessment (25%)

Personal Development/Educational Experience (35%)

a) Faculty Quality

Ratio of Faculty to Students – 5%
Percentage of Faculty with PHD – 10%
Faculty Rating by Students – 10%

b) Student Quality

Average GMAT Score – 18.75%
Average Length of Work Experience – 6.25%

c) Student Diversity

International Diversity Score – 8.33%
Percentage of Women Students - 8.33%
Student Rating of cultures and Classmates – 8.33%

d) Education Experience

Student Rating of Program content and range of electives – 6.25%
Range of Overseas Exchange Programs – 6.25%
Number of Languages on Offer – 6.25%
Student Rating of Facilities and other services – 6.25%

e) Increase Salary (20%)

Salary Change (pre-MBA to post-MBA) – 25%
Post-MBA Salary (including Bonuses) – 75%

f) Potential to Network (10%)

Ratio of Registered alumni to Current Students – 33%
Number of overseas countries with an Official Alumni Branch – 33%
Student assessment of Alumni network – 33%

Just following Chicago Booth are Tuck and Darden Full-time MBA programs. Harvard, Columbia, Wharton and Stanford could not reach the top three spots for the Economist 2012-13 MBA ranking. Cornell Johnson made the biggest leap with a rank improvement of over 10 points (25th  to 15th rank). Two schools with marked improvement include Emory Goizueta (28th to 21st) and Michigan Ross (30th to 24th). The biggest drop seen during this year’s ranking are for York Schulich (9th to 16th) and IMD (3rd to 10th).

Here are the top 25 Full-time MBA programs according to The Economist Full-time MBA Ranking 2012-13.