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Rankings of Business Schools - be smart

A photo of dynast dynast
The business division in studentawards is the most active and highly contested amongst all other programs. Why? One can argue that the nature of business depends on reputation, status, hierarchy, exclusivity - the same qualities that students look for in their own business program. Students want to be associated with the best brands that may give them an incremental competitive advantage in the workplace, no matter how small.

Rankings play an arguably overstated role in the decision making process. Students without significant industry experience may rely on external opinions to reinforce personal beliefs. Not that rankings are "bad", however, each surveyor has different assessment criteria and thus results are usually inconsistent across the board.

For example, a popular cited source in SA is Businessweek (Bloomberg). With respect to Canadian Universities, their global non-U.S. MBA rankings places Queen 2nd after INSEAD, followed by Ivey in 6th. If you look at the other names, London Business School and ESADE lag behind Queens. Does this mean Queens is "better" than LBS or ESADE?

Businessweek's methodology is 30% student opinion, 20% recruiter opinion, 10% starting salary, 10% feeder school measure and 30% academic quality. Although these measures are subjective in nature, student opinion and to a lesser extent recruiter opinion are strongly skewed. University X can heavily promote internal spirit > University Y. Students believe they are the best and have received the best education. They rank 99% satisfaction.

Financial Times also has a highly cited ranking system. Ivey and Rotman are 46th, Schulich is 49th, Desautels is 57th. FT uses a highly comprehensive methodology based on numerous factors including placement, salary increase, value, recommendations, etc.

Compared to Businessweek, FT placed London Business School 1st, tied with Wharton. See the difference? Which would you tend to believe more?


So what is the point?
Go to a "top" school that's been consistently ranked well within the country. Forget the minute increases/decreases in ranking year to year. The fact that school X is ranked 2nd in one source has some qualitative value, but means little in comparison to other factors.

If you must choose, one of the most important yet undervalued criteria for "ranking" is the alumni. The quality of a school can be measured by the strength/accomplishments of their past students with minimal variance.

All and all, rankings are rankings. They help with school pride. They may leave an impression on employers. You, as a potential student should be looking at the school that can open the most doors for your pursuit of interest and at the same time, ensure you grow as a person. Oh yeah, having fun is good too.


There goes some valuable time, gl.
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@dynast wrote

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.
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So what is the point?
Go to a "top" school that's been consistently ranked well within the country.


:scratch:


@dynast wrote
You, as a potential student should be looking at the school that can open the most doors for your pursuit of interest and at the same time, ensure you grow as a person.


Ahhh okay. :thumright:

PS: you're an Ivey student, aren't youu ;)
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A photo of dynast dynast
[quote=Alizarin]
@dynast wrote

.
.
.
So what is the point?
Go to a "top" school that's been consistently ranked well within the country.

:scratch:

PS: you're an Ivey student, aren't youu ;)




I should have emphasized "consistently"...
Business schools aside, anything that has favorable reviews for an extended duration of time should indicate quality. Fluctuations on the other hand... not worth your time :cheese:


Nope, not a current student.
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????????
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A photo of gassergasser gassergasser
Carleton's Sprott is my top choice....yeah :elephant:
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A photo of Jagseer Jagseer
interesting
i agree, just go to the school that fits ur needs
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When doing my research on business schools I also noticed the incongruity between the different rankings. Some would place a certain program at the top of their list while another may not even include that school at all. When it comes to rankings you really have to put your beliefs in one ranking or they may as well mean nothing at all
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