All 441 master's programs in business accredited by the Association to Advance Collegiate Schools of Business (AACSB) International were surveyed in fall 2011 and early 2012 (393 responded, of which 136 provided the data needed to calculate full-time M.B.A. rankings based on a weighted average of the indicators described below). All 441 schools appear in the online directory.
[See our Best Business Schools rankings.]
Quality assessment (weighted by 0.40)
Peer assessment score (0.25): In the fall of 2011, business school deans and directors of accredited master's programs in business were asked to rate programs on a scale of 1 (marginal) to 5 (outstanding). Those individuals who did not know enough about a school to evaluate it fairly were asked to mark "don't know." A school's score is the average of all the respondents who rated it. Responses of "don't know" counted neither for nor against a school. About 44 percent of those surveyed responded. Assessment data was collected by Ipsos Public Affairs.
Recruiter assessment score (0.15): In the fall of 2011, corporate recruiters and company contacts from M.B.A. programs previously ranked by U.S. News were asked to rate all full-time programs on a scale from "marginal" (1) to "outstanding" (5). Those individuals who did not know enough about a school to evaluate it fairly were asked to mark "don't know."
A school's score is the average of all the respondents who rated it. Responses of "don't know" counted neither for nor against a school. About 18 percent of those surveyed responded. For the purpose of calculating this year's rankings, the two most recent years' recruiters' survey results were averaged and are weighed by .15.
Placement success (weighted by 0.35)
Mean starting salary and bonus (0.14): The average starting salary and bonus of 2011 graduates of a full-time master's program in business. Salary figures are based on the number of graduates who reported data. The mean signing bonus is weighted by the proportion of those graduates who reported a bonus, because not everyone who reported a base salary figure reported a signing bonus.
Employment rates for full-time master's program in business graduates: The employment rate for 2011 graduates of a full-time master's program in business. Those not seeking jobs or for whom no job-seeking information is available are excluded. If the proportions of graduates for whom no job-seeking information is available and who are not seeking jobs are high, then the information is not used in calculating the rankings. Employment rates at graduation (0.07) and three months after graduation (.14) are used in the ranking model.
Student selectivity (weighted by 0.25)
Mean GMAT scores (0.1625): The average Graduate Management Admission Test score of students entering the full-time program in fall 2011. Scores on the test range from 200 to 800.
Mean undergraduate GPA (0.075): The average undergraduate grade-point average of those students entering the full-time program in fall 2011.
Acceptance rate (0.0125): The percent of applicants to the full-time program in fall 2011 who were accepted.
Overall rank: Data were standardized about their means, and standardized scores were weighted, totaled, and rescaled so that the top school received 100; others received their percentage of the top score. In order to be ranked, a full-time M.B.A. program had to have 20 or more graduates who were seeking employment in 2011. For a school to have its employment data considered in the ranking model, at least 50 percent of its 2011 full-time M.B.A. graduates needed to be seeking work. M.B.A. programs that did not meet the employment criteria are listed as Unranked (see below for explanation of Unranked).
Specialty rankings: These rankings, including executive M.B.A., are based solely on ratings by business school deans and directors of accredited master's programs from the list of schools surveyed. They were asked to nominate up to 10 programs for excellence in each of the areas listed. Those schools receiving the most votes in each specialty are listed and are numerically ranked in descending order based on the number of nominations they received as long as the school/program receives seven or more nominations in that specialty area. This means that schools ranked at the bottom of each specialty ranking have received seven nominations.
Reader Comments