New way to rank Business schools - MBA

College Search & Selection
1

<p>"value added" to actual salary on top of predicted salary - predicted based on GMAT and GPA </p>

<p>disequilibrium:</a> Where I take a turn at ranking business schools</p>

<p>Ranking of Business Schools by Efficacy
Data
Rank, School, Market Value, GMAT, GPA, Adj.Sal
1 Cornell (Johnson) $14K 682 3.31 118
2 Indiana–Bloomington (Kelley) $13K 656 3.37 104
3 University of Virginia (Darden) $12K 688 3.33 120
4 Texas–Austin (McCombs) $12K 673 3.38 109
5 Harvard $8K 713 3.63 134
6 Vanderbilt (Owen) $7K 644 3.27 101
7 Rice (Jones) $6K 642 3.25 100
8 Minnesota–Twin Cities (Carlson) $7K 661 3.37 99
9 MIT (Sloan) $6K 705 3.5 126
10 Maryland–College Park (Smith) $6K 650 3.34 98
11 Georgetown (McDonough) $6K 677 3.26 108
12 Ohio State (Fisher) $6K 661 3.41 97
13 NYU (Stern) $6K 700 3.4 123
14 Duke (Fuqua) $6K 690 3.38 114
15 UNC–Chapel Hill (Kenan-Flagler) $6K 681 3.27 110
16 Brigham Young (Marriott) $5K 661 3.53 93
17 Rochester (Simon) $5K 673 3.52 98
18 Texas A&M (Mays) $5K 665 3.4 97
19 Northwestern (Kellogg) $3K 704 3.5 122
20 Boston College (Carroll) $3K 651 3.35 94
21 Univ. of Pennsylvania (Wharton) $2K 712 3.53 130
22 Columbia $2K 707 3.4 128
23 Southern Methodist (Cox) $2K 640 3.3 95
24 Arizona State (Carey) $2K 675 3.44 98
25 Wisconsin–Madison $1K 656 3.37 92
26 Michigan State (Broad) $1K 633 3.22 97
27 Chicago $1K 709 3.5 126
28 Yale $1K 700 3.47 116
29 Purdue (Krannert) $0K 662 3.32 94
30 Penn. State (Smeal) $-1K 650 3.3 92
31 Emory (Goizueta) $-1K 685 3.3 106
32 Washington Univ, St. Louis (Olin) $-2K 674 3.38 95
33 Michigan–Ann Arbor (Ross) $-2K 700 3.3 118
34 Illinois–Urbana-Champaign $-2K 627 3.4 92
35 UCLA (Anderson) $-2K 704 3.6 114
36 Boston University $-3K 668 3.38 92
37 Dartmouth (Tuck) $-4K 713 3.46 127
38 Carnegie Mellon (Tepper) $-5K 696 3.32 111
39 Georgia Institute of Technology $-5K 665 3.4 88
40 Babson College (Olin) $-5K 631 3.21 93
41 Stanford $-5K 721 3.61 133
42 Notre Dame (Mendoza) $-7K 673 3.2 95
43 Univ. of Southern Cal. (Marshall) $-8K 689 3.3 102
44 Univ. of Washington (Foster) $-8K 679 3.38 92
45 U. California–Berkeley (Haas) $-9K 710 3.57 115
46 Univ. of California–Davis $-11K 674 3.37 87
47 Univ. of Iowa (Tippie) $-15K 652 3.34 76
48 U. California–Irvine (Merage) $-16K 667 3.34 79
49 Univ. of Georgia (Terry) $-16K 653 3.4 74
50 Univ. of Florida (Hough) $-30K 680 3.4 70</p>

2

<p>Wait...why does what a student thinks vs. actual matter? I might "think" I
ll get $150K and instead I get $151K. I'd much rather have this than expect $65K and end up with $80K.</p>

3

<p>slipper,
This is not based on what a student thinks. It is based on the difference between actual salaries and salaries predicted by a regression equation that uses GMAT and GPA to predict an expected salary.</p>

<p>It is analogous to to overperformance/underperformance of graduation rates in US News, except it is for salaries.</p>

4

<p>hmm, why does UPenn suck at MBA</p>

5

<p>Penn has the highest adjusted salary. It also has the highest GMATs, so you would expect it to have the highest salary. In Penn's case, the salary doesn't exceed expectations by as much as the schools above it.</p>

6

<p>Slipper missed the old Harvard adage "we take the best and try not to screw them up too much".</p>

7

<p>Wharton, Columbia, Chicago, Michigan, Stanford, Tuck and Haas all out of the top 20...and Kellogg almost missing the top 20 by a hair? A ranking that would have those elite MBA programs ranked so low isn't very reliable.</p>

8

<p>Don't be fooled by "adjusted salary", the numbers aren't adjusted for region and cost of living differences. I bet adjusting these would yield a list more in line with reality.</p>

9

<p>Alexandre-
The schools you named are certainly great Business schools. But, are they great because of the students they get or because of what they do with the students after they get there? That's the point of this ranking. It is an attempt at a "value added" ranking.</p>

<p>tomslawsky-
Can't you assume that graduates scatter to various regions and the salary differentials balance out?</p>