On December 19, Tulane University in New Orleans informed U.S. News that it had recently discovered that its Freeman School of Business had misreported certain data reported to U.S. News: average GMAT scores for full-time MBA students entering in fall 2011 and the total number of applicants. The school also said that these same data points were misreported for the fall 2010 class and possibly in earlier years.
These misreported figures were used by U.S. News as part of the ranking of the Freeman School of Business in our 2013 Best Business Schools, as well as in our previous years' rankings. Tulane said it didn't know yet what the correct numbers were and how significantly different they were from what was originally reported to U.S. News.
Tulane disclosed to U.S. News that it had retained both Jones Day, a prominent law firm that has previously worked with at least one school that had misreported data, and Alvarez & Marsal, a professional services firm, to investigate what happened and to determine the accurate data. Tulane told U.S. News that the school intends to issue a detailed, public report in mid-January 2013.
U.S. News will study Tulane's final report with the correct data before any determination can accurately be made of what, if any, impact this will have on the Freeman School's ranking.
Tulane also said that the average GMAT scores for full-time MBA students entering in fall 2012 and the total number of applicants—data recently submitted to U.S. News for the upcoming 2014 Best Business Schools rankings—had been independently verified by a third party prior to submission.
In the U.S. News full-time MBA rankings methodology, the average GMAT score has a weight of 16.25 percent, and the acceptance rate is weighted 1.25 percent.