MBA rankings are generally mentioned because the subjective appraisal of the standard of an MBA program or a graduate school offering MBA programs. As an efficient and traditional judging system, MBA ranking contributes to most leading business schools and business related programs.
In this ranking system, variety of criteria are wont to determine the prevailing position of those business schools and their programs. it’s supported the questionnaire answers and by comparing the various aspects of those MBA programs. The ranking list is put up annually . There are variety of agencies, including the US MBA rankings – FT, the US News and World Report, and therefore the Computer World’s Top 25 Techno MBA ‘s, conducting this ranking process by evaluating part time and full time graduate business programs.
Some of the essential criteria for ranking full time MBA programs are the reputation supported the judgment and opinion of MBA graduates and recruiters; academics; GMAT (Graduate Management Admission Test) scores; quality assessments by the alumni; job placement rate; salary and bonus; rating of research; and academic reputation. The part time programs are ranked on the idea of nomination by the MBA program directors and graduate school deans. The minimum number of nomination required for ranking is seven. Although many of the faculties don’t agree on these ranking criteria used, variety of faculties among them are often seen at the highest of the rankings.
Ranking of the MBA programs or business schools acts as a review that assists a student to look at the reputation of an MBA program, acceptance rate, tuition fee, placement assistance, and employment rates. within the case of business schools, MBA rankings survey may be a useful gizmo to work out their strengths and weaknesses. MBA rankings are always calculated within the sort of numerical lists. the simplest school or programs is designated as #1, the runner-up is as #2, and so on.
Most MBA rankings aren’t considered as a typical measure to guage an MBA program or a graduate school . Different sources have different methodologies, so a good variation are often seen among these results. But these reviews provide an insight of the standard of the program or schools and are valuable for anyone who is meaning to take an MBA degree.