Rankings are THE MOST IMPORTANT determinant that dictates an applicant’s top MBA choices and the fate of business schools.
Here are 3 things you should know!
- DON’T TRUST ALL THE RANKINGS:
- Rankings differ and they differ drastically. Guess what- NONE of these rankings are incorrect. This is because rankings are computed differently.
- How are different rankings computed? First, all rankings use underlying parameters such as average GMAT, rise in salary, return on investment etc. Second, they assign different weights for these parameters, which eventually churns out a list that we all see in the form of “FT Ranking” “US News Ranking” etc.
- WHICH RANKINGS TO TRUST:
- US News Rankings and Poets and Quants rankings have traditionally been considered as reliable rankings by corporates and admissions consultants.
- WHEN NOT TO TRUST RANKINGS:
Rankings are a useful indicator, but don’t base your MBA on a list! Look for a variety of factors in addition to the rankings. For eg. consider the reach of the school ( (regional vs international), your fit with the school (for eg. if you want to do entrepreneurship, then may be going to a school that offers you a higher scholarship would make more sense), geography of the school (for eg. if you want to work in Singapore, then probably going to INSEAD might more sense), if you are from a technology profile and want to work as a technology consultant then even a school such as Georgia Tech or Purdue (though it is lower ranked) would be good.