<p>Three points I wish to make:</p>
<p>1) All universities ranked in the top 10 are ranked "subjectively". There is no definite top 10 university. Well, maybe Harvard, Stanford and Princeton. Yale and MIT also make a compeling point.</p>
<p>2) The peer assessment score is actually very accurate. Otherwise, the USNWR would not allocate the most points to it. It counts for 25% of the total rating. Whereas it is true that some Deans and Presidents have limited experience and knowledge, and others may be a little biased and prejudiced, the vast majority of those intellectuals and academics have worked in academe for decades and have been exposed directly or indirectly to dozens of universities. When taken collectively, their combined knowledge is as close to the turth as it gets. Graduation rates and retention are important to be sure. So is student selectivity. Class size is also important. But those are usually all pretty standard. </p>
<p>How do you differentiate between a school that graduates 85% of its students (like Cal, Caltech and Michigan) and a school that graduates 95% (like Brown or Georgetown)? The numbers aren't telling. I agree that a school that graduates 60% or 70% of its students needs to work harder. But once a university graduates 80%+, it then becomes an useless measure. Michigan for example, has 300 student athletes. Many of those hit the pros and sign multi-million dollar before they get a chance to graduate. Also, Michigan has a huge school of Engineering, and Engineering departments always have a lower graduate rate. That explains why relatively speaking, MIT, Cal, Michigan and Caltech have lower graduation rates than other elite universities. </p>
<p>As for selectivity, Michigan is the 18th most selective universaity in the US according to the USNWR. So obviously, Michigan is not hurting. in that regard. Michigan does aim to get more selective, but for now, it is selective enough for a schools that large.</p>
<p>Class sizes don't vary much between top research universities. Let us look at some of the top universities shall we?
UNIVERSITY: Classes with < than 20 students / Classes with > than 50 students
Cal : 54% / 17%
Chicago: 59% / 6%
Cornell: 44% / 23%
Dartmouth: 56% / 9%
Johns Hopkins: 57% / 16%
Michigan: 49% / 16%
MIT: 63% / 15%
Stanford: 69% / 15%
Virginia: 48% / 15%</p>
<p>As you can see, the differences are small. </p>
<p>At any rate, I would say that it is generally acknowledged by academe and corporate America that Michigan is one of the top 10 or 15 universities in the nation. But people's opinion vary and they are entitled to their opinions.</p>