If you asked executives to rank the best MBA programs in the world, what would they say?
Answers are provided in the form of actual MBA rankings. CEO WORLD, a magazine for executives. CEOWORLD’s 2023 World’s Best Business Schools were created through interviews with approximately 35,000 respondents.in comparison with financial times, its 2022 Global MBA Rankings rely heavily on an alumni survey that reached 7,148 respondents. the other one is, CEO WORLD Completely independent from the business school. Rather than weighing data provided by schools, the rankings combine publicly available data with survey responses ranging from academic reputation to recruiter feedback.
This year the Wharton School CEO WORLDGiven that Wharton also topped last year’s US News and Financial Times rankings, this is pretty credible. Not to mention this year’s Poets&Quants rankings. From there, the rankings get a little shaky. London Business School, for example, maintains his number two spot.it goes against both grains financial times (8th in the world) and Bloomberg Businessweek (4th in Europe) ranking. LBS is also consistent as he is ranked #1 in his CEOWORLD 2022 rankings. moreover, CEO WORLD I enjoy a special affinity with England. Four British business schools ranked among the top 14 programs: Oxford Said (5th), Cambridge Judges (11th) and Alliance Manchester (14th).
CEOWORLD’S RANKING OF THE WORLD’S BEST MBA PROGRAMS
MIT Sloan took the 3rd spot, beating out rival Harvard Business School (4th). Similarly, Columbia Business School outperformed Stanford Business School. Those programs ranked him 6th and 7th, with INSEAD, UC Berkeley and Yale SOM rounding out the top 10 respectively. Big Surprise: CEO WORLD Survey respondents don’t particularly like Windy City. Chicago Booth – P&Q#2 program of the – placed 12th and CEO WORLD It’s the only ranking where Booth falls below the top 10. The same is true for Northwestern Kellogg’s. CEO WORLDBeyond that, it’s hard to find a glaring head scratcher. Dartmouth Tuck and HEC Paris may be a little lower at 18th and 21st respectively, but the rest of the programs are far from similar ranking placements. Is not … financial times.
how CEO WORLD make a ranking? From September 15th to his December 22nd last year, the magazine said, “His 35,000 executives, alumni, global business influencers, industry experts, business school academics, I interviewed employers and recruiters.according to CEO WORLD, 82% of responses were collected from survey respondents online, with phone (10%) and “mail or in person” (8%) making up the remainder of the survey pool. As part of the survey portion, survey participants rated institutions as ‘excellent’ or ‘not sure’ on a scale of ‘1’ to ‘marginal’ to 100.
Using survey data and public information, CEO WORLD We applied seven metrics to create that list.
1) academic reputation
2) Admission requirements
3) Employment rate
4) Recruiter Feedback
6) Global reputation and influence
7) Annual tuition and fees
A Flawed but Promising Means
Of course, the rankings are only as good as their methodology, and the big flaw starts with transparency.
Use a 100 point scale. How exactly did CEOWORLD define each satisfaction level for survey respondents? What makes up the 50-60 range or the 80-90 range? One respondent’s 64 could be another respondent’s 79. Vast stretches are confusing compared to simpler 1-5 or 1-10 scales. There are also problems with metrics. Together, they represent 100% of the composite. Scores are never given. In other words, prospective applicants will not know the difference between #10 Yale SOM and #24 Georgetown McDonough, as the underlying index scores have not been shared with readers. So the gap could theoretically be 0.5 points or 15 points. It changes the way you look at the show. at the same time, CEO WORLD Do not share the weight each metric has. For example, did each metric have an equal weight of 14.28%? Or could the rankings have been calculated such that hiring feedback or placement rate had a greater impact?
Readers don’t know…and that should make them skeptical.
Worse still, CEO WORLD I don’t even bother defining what these metrics mean. Get a specialization.Does this mean that CEOWORLD asked respondents to rate their programs in various academic areas such as marketing, finance, general management and operations? How was it expressed? What does this mean for admission requirements? CEO WORLD Considering GMAT or GRE scores, what constituted the best results? In annual tuition, business schools scored higher based on the amount of financial assistance or percentage of students receiving assistance. How do recruiters rate the quality of a school? Is it based on the success of the school’s new hires being recruited by companies, or is the school’s resources devoted to the industry? is it being
How many survey responses does it take for a business school to qualify? CEO WORLD Ranking?
that’s right, CEOWORLD fails to clarify even the most basic questions. Are survey respondents answering questions about their alma mater, or can they challenge a program where they have a boss, employee, or partner? Are these studies limited to her full-time MBA program? Or maybe there is a mix of executive or online responses (or even executive education)? I can’t.
as flawed, CEOWORLD taps into the sentiments of alumni and employers, and the results seem mostly reliable. Hopefully, we can take the next step in making the underlying data public, outlining exactly what the metrics mean, and providing real guidance to MBA candidates who need it most. hoping.
Go to the next page to see where CEOWORLD ranks your favorite schools.