@Much2learn - Why would offering an engineering program be a good thing?
This ranking - mistakenly, I believe - lumps all unis together (small LACs, large univs, etc.), and demonstrates too much bias toward large, comprehensive (generally urban) universities. The ranking incentivizes outputs like research papers per faculty member, number of accredited programs, and outcomes based on monetary value added. This leads to schools like Columbia/Penn/Hopkins doing well, and Dartmouth/Brown/Amherst doing fairly poorly.
Also, not focusing on inputs at ALL is inadvisable as well.
Finally, someone mentioned the out-sized influence of the US News rankings. US News rankings are certainly the 500 lb. gorilla in this space, and part of why they capture the fascination of the public is that they are, essentially, prestige rankings. They tend to align generally with public (for those in the know) perceptions of prestige with just enough “controversy” to get people talking. (See, Chicago tying with Yale this year, or, in the late 90s, Duke being ranked #3, or, for most of the 00s, Penn being ranked ahead of Stanford.)
Unfortunately, any ranking that has Harvard, Yale, and Princeton behind Penn, Duke, etc. loses traction with people. Interestingly, in the 30 years of US News rankings, Harvard or Princeton almost ALWAYS finishes #1, and that lends the (flawed rankings - as all rankings are flawed) a patina of credibility. NOT having these schools at the top (as you see with Washington Monthly or Forbes or whatever) is a bit of a death knell for a different rankings system.
All this being said, I’m shocked that Chicago did so well, given that it doesn’t have an engineering school (which can inflate post-grad salaries), and there’s still a lag in its career advising/post-grad outcomes. I’m unsurprised that Penn and Duke did so well, because they’re both so strongly all about post-grad outcomes.