The 2016 rankings are out. Rather than focus on the schools, let’s discuss methodology.
Definitions of the ranking criteria are on the USNWR website
http://www.usnews.com/education/best-colleges/articles/ranking-criteria-and-weights
Here are the criteria & their weights:
15.0% Peer assessment survey
7.5% HS counselors' ratings
** 22.5% SUBTOTAL: Undergraduate reputation **
1.3% Acceptance rate
3.1% HS class standing in top 10%
0.0% HS class standing in top 25%
8.1% CR+M of SAT; composite ACT
** 12.5% SUBTOTAL: Student selectivity **
7.0% Faculty compensation
3.0% Percent faculty with terminal degree
1.0% Percent faculty that is full time
1.0% Student-faculty ratio
6.0% Class size, 1-19 students
2.0% Class size, 50+ students
** 20.0% SUBTOTAL: Faculty resources **
18.0% Average graduation rate
4.5% Average 1st-yr student retention rate
7.5% Graduation rate performance
** 30.0% SUBTOTAL: Graduation and retention rates **
10.0% Financial resources per student
5.0% Average alumni giving rate
** 15.0% SUBTOTAL: Financial resources **
Some observations to reflect upon:
Homecoming Queen
Nearly a quarter of the ranking is based on “Undergraduate academic reputation”, i.e. a popularity opinion poll among peer colleges & HS counselors (akin to voting for homecoming queen)
Graduation rate double-dipping?
Nearly a third of the ranking is based on graduation/retention performance, with a strange double-dipping of “average graduation rate” and “graduation rate performance”. “Graduation rate performance” is defined as the school’s actual graduation rate compared to what USNWR’s magic crystal ball thinks it ought to be.
You get what you pay for
Faculty compensation weighs in at 7% of the criteria weighting.
Kneel to the SAT God
Schools that have ambitions to climb the rankings know what really counts: SAT/ACT scores trump all with 8% weighting!!! The SAT Writing section is totally worthless. There is 3% weighting for being in the top10% of your class, but since many schools don’t report rank, this is a bogus metric. Being in the top25% of the class counts for big fat zero.
A rising tide lifts all yachts
15% of the ranking is based on how rich and how much getting richer a school is. If a school doesn’t have an 11-figure endowment, it’ll probably never break the top 5.
What counts for little or nothing in the USNWR ranking:
- Acceptance rate: 1.3%
- % full time faculty: 1% (this metric, combined w a 7% weighting for faculty compensation, tells me schools are rewarded for having high-priced, celebrity, cameo lecturers)
- Student-faculty ratio: 1%
- Diversity: 0%
Your thoughts on the methodology? What can & should schools do to play the game?