New BusinessWeek rankings

College Search & Selection
61

<p>I go to the University of Connecticut School of Business. I got the survey way back in the Fall semester. The survey seemed very thorough. It took about 30 minutes to finish. Every undergrad business student at UConn got the survey, and I would say about 40% filled it out. The ranking is very good, and 10 times better than the US News ranking. </p>

<p>I know that some of you are upset with the rankings, but it is because you have all become accustomed to US News. US News has a horrible ranking system for undergrad business. That is the truth, and I am sorry if it hurts. This ranking does have some flaws in my opinion, such as the facilities and services area. It is something I am sure they will try to improve over the years to come. Besides this the ranking is just about perfect. The schools are placed roughly in the area they should be. </p>

<p>Lastly...you are knocking schools you have never been to. You are outsiders that have relied upon US News for too long. Welcome to the real truth about undergrad business programs. Also, MBA program rankings may aid in the ranking of the undergrad level, but it is completely different.</p>

62

<p>That has got to be one of the funniest posts on CC...thanks for the laugh, Omniscient. :)</p>

63

<p>"Well then I would argue that Businessweek's methodology for ranking is flawed. People go to business school TO GET jobs and to get recruited and make money. This should be a HUGE portion of the ranking."</p>

<p>The top programs like Wharton will strongly disagree with this, as they see it as an undergraduate education - not a means to an end. In fact, I think more and more they are encouraging students to pursue graduate school (outside of business). Anyway, they will always say the #1 focus is academics, not getting a job.</p>

64

<p>"There is no indication the the views of the corporate recruiters went into the job placement letter grade."</p>

<p>It didn't go into the job placement grade, it went to the recruiter survey rank, which was on a scale from 1-61 or however many schools were listed. You can see how they were factored in here: <a href="http://www.businessweek.com/pdfs/2006/0619_top50b.pdf%5B/url%5D"&gt;http://www.businessweek.com/pdfs/2006/0619_top50b.pdf&lt;/a&gt;&lt;/p>

<p>This is also flawed though... Wharton was ranked #17 by recruiters. Why? Because they surveyed 2000 of them and Wharton students will not consider applying or accepting offers from 90% of them. If you surveyed the top 25 employers of each school and based an individual school ranking on that, it would be a more accurate indication of recruiter satisfaction (although no more relative) than what is there now. </p>

<p>Bottom line: if your school doesn't send grads to company X, company X is not going to like your school.</p>

65

<p>From a press release sent to us at BU:</p>

<p>"The overall ranking is based on surveys of more than 100,000 students who major in business, as well as interviews with nearly 2,000 corporate recruiters, and includes information regarding starting salaries, which schools send the most students on to top MBA programs, faculty-student ratios, and average SAT scores. The Academic Quality ranking is based on five equally-weighted measures: average SAT scores, full-time faculty-student ratio, average class size, the percentage of business majors with internships, and the hours students spend every week on schoolwork."</p>

66

<p>All of that is online here where it explains the system: <a href="http://www.businessweek.com/magazine/content/06_19/b3983408.htm?chan=bschools_undergrad+programs_undergraduate+b-school+news%5B/url%5D"&gt;http://www.businessweek.com/magazine/content/06_19/b3983408.htm?chan=bschools_undergrad+programs_undergraduate+b-school+news&lt;/a&gt;&lt;/p>

67

<p>banana...why is it funny?</p>

68

<p>o i see now after looking back at your previous posts.....awwwww, im sorry bananainpyjamas....It must be tough dealing with the truth. Don't you worry, one day you will realize that this ranking is great. Keep your chin up.</p>

69

<p>First off, some of the posts here are purely juvenile. A ranking is inevitably flawed, almost no matter how it is done.</p>

<p>What I'm personally curious about, however, is this:</p>

<p>6 Michigan (Ross) Ann Arbor Public 2 $ 10,524 728 31 $ 52,000 14 88 1:12.8 1332 B C A+ </p>

<p>9 Texas (McCombs) Austin Public 4 $ 7,438 3999 13 $ 47,000 30 81 1:29.2 1304 A B A+ </p>

<p>12 UC Berkeley (Haas) Berkeley, Calif. Public 2 $ 7,434 700 19 $ 53,000 8 79 1:7.4 1341 A A A </p>

<p>More comparable--after all, these are all the top public business schools. However, Teaching Quality, Faculty Services, and Job Placement... For Michigan B, C, A+, while Austin had A, B, A+, and Berkeley had A, A, A.
Apparently the difference between an A and A+ is very, very significant--especially if you, for instance, consider that median starting salary for Haas is higher than either Ross or McCombs, yet Haas is ranked last among these three schools.</p>

<p>You can't just blow off rankings though. Realize that thousands of college-bound students make their decisions off to US News, no matter how flawed it is. Recruiters who don't wish to be bothered researching will look at rankings and base their decisions there.</p>

<p>For this, I don't question as much their catagory scores as much as their overall ranking methodology.</p>

70

<p>Allorion: read this: <a href="http://www.businessweek.com/pdfs/2006/0619_top50b.pdf%5B/url%5D"&gt;http://www.businessweek.com/pdfs/2006/0619_top50b.pdf&lt;/a&gt;&lt;/p>

<p>there are more criterion that the ones listed on the main site. read the pdf file and see how they calculated their index scores. UCB loses on the recruiter's ranking by a lot, while Michigan seems to benefit from its ability to send kids to top MBA programs.</p>

71

<p>OMG WhartonAlum, your school is already ranked #1. What more do you want?</p>

72

<p>I find it hilarious that you think that any ranking, let alone this one, represents an indisputable truth, Omniscient. US News is flawed. BW is (obviously) flawed. To think that either represents an objective truth is naivete at its best. Don't worry sweetie-pie, one day you will grow up and realize that defending one ranking over another is pointless.</p>

<p>Oh and this part:</p>

<p>
[quote]
Lastly...you are knocking schools you have never been to. You are outsiders that have relied upon US News for too long. Welcome to the real truth about undergrad business programs.

[/quote]
</p>

<p>An absolute gem. :D Were you even taking yourself seriously when you said that?</p>

73

<p>I think you are mistaken or just oblivious to the truth....This ranking is much more accurate than US News....before you respond again, be sure to read thoroughly into how each company does their ranking. ;-)</p>

74

<p>Hm, so you agree that Wharton should be ranked #17 in terms of recruitment? Well you're certainly free to, although I think the rest of us would prefer to live on a little planet called Earth. :)</p>

75

<p>good one...</p>

76

<p>"Wharton should be ranked #17 in terms of recruitment?"
in ibanking world, in NYC, hell no. but some midwest company may value 16 schools more than wharton...... who knows. Everyone here's agreed that business is way more than wall street. a independent bookstore in the middle of nowhere is a small business too.</p>

<p>let's all stop arguing. like banana said, it's all pointless. the new issues of BusinessWeek will get published, bought, and circulated. people will read it and believe it. same thing happened when US NEws was published: the general public will not question the ranking..... even a lot of the educated ones. what's done is done.</p>

77

<p>
[quote]
good one...

[/quote]
</p>

<p>Why thank you. :)</p>

<p>
[quote]
the new issues of BusinessWeek will get published, bought, and circulated. people will read it and believe it. same thing happened when US NEws was published: the general public will not question the ranking..... even a lot of the educated ones.

[/quote]
</p>

<p>Well I think there will be <em>some</em> questioning of both rankings thanks to the discrepencies. It'll be interesting to see which one holds more clout. Admittedly though, the average Joe would probably favor one over the other for pretty shallow reasons rather then recognizing two flawed methodologies. I'd wager that people who favor US News would do so purely because it's been around longer, while some will favor BW by virtue of its being a business magazine.</p>

78

<p>take it easy...</p>

<p>just cuz u r going NYU-stern next year and ur skool ranked lower than some other schools, do not criticize other innocent skools. You don't know about those colleges. You are not even a college student yet....Not everyone likes NYU and not everyone thinks NYU-stern is no.1 . sorry...</p>

79

<p>LOL, who are you even talking to?</p>

80

<p>dylin88 is so biased just cuz that person is going NYU-stern next year.
I know about school pride but don't criticize or degrade other innocent schools........Lastly, Colleges r keep changing in these days.........there are gonna be some colleges which are going up very fast and there are some colleges which are going down.....................</p>