
Obtaining an MBA qualification is a dominant issue. The increased demand had a considerable impact on the number of providers not just in Europe, but all throughout the world offering candidates more choice and flexibility than ever before.
The global MBA market has covered hundreds of various programs with hundreds of providers as well worldwide. Right now, MBA education has been doubled from the past 5 to 10years from which most professionals seek MBA rather than seeking for work after acquiring a Bachelor’s Degree. What makes them seek for this typical program? Isn’t it just a waste of time and opportunity in the job market? Well, acquiring an MBA Program is never a waste. As long as you got the right program, after completing it, you will surely gain lots of MBA jobs in the global market. However, a top MBA school does matters. If you came from a top rated school, then, a lot of organization will crave for you. Perhaps, some organizations will give privileges for higher positions in a certain working environment. But how does a certain business school being rank? There are different ways on how to rank top MBA universities and business schools. There are some surveying bodies that made some assessment and analysis for MBA rankings all throughout the whole world. Some of these surveying bodies are BusinessWeek, Financial Times, Forbes MBA Rankings, U.S News, World Report MBA Rankings and The Wall Street Journal MBA Rankings to name a few. With BusinessWeek, they make a survey to the MBA graduates of a particular school, to the corporate recruiters and the measure of the faculty’s publication from which they have a criteria: 45% for the MBA graduates, 45% for the corporate Recruiters and 10% for Intellectual Capital which is the faculty. They made an online survey every two years and evaluate graduating Students through various questions and rate it with a 1-10 scale in each question. Financial Times has different way. They give 55% surveys on alumni with salary data in a large measure, 25% for the faculty, 20% for ideas generation that counts for such publications, academics, programs and journals. Forbes MBA Rankings based their surveys according to the 5-year range of salary increase for each school’s graduates and with the cost of each estimated program. With US News, they give 25% for school deans and directors, 15% for the recruiters, 35% placement statistics provided by a certain school and 25% for the student’s population. On the other hand, the Wall Street Journal MBA Rankings gives a 100% on recruiter’s perception of the Programs of a particular school that they made recruitment.
Well, those were just surveys. What real idea that counts is, a good MBA School produces good students. If a certain school made it, then that school could be considered best.
One Comment
Ranking an institution on its infrastructure or placements is not a good scale.
What matters is :
Faculty
Alumni
Course curriculum
Student to teacher ratio
Industry relevance
et al.
Placement and Infrastructure are products of the process.
Anupam,
PRO,
http://www.ManagementParadise.com