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‘Career Enhancement Potential’ Ranking of Business Schools-Financial Times

If you cannot view the tables please hit the header

Rankings of the B-Schools from Students Career Enhancement Perspective has been made in Table 1. It shows the world schools from a different perspective.

In analyzing the Financial Times,London data it is assumed that a MBA student opts for the program to increase his earnings potential or desires change in his career stream. Thus factors as defined in “Open New Career Opportunities ” and “Increase in salary ” are taken in consideration.

Definitions:

Open New Career Opportunities Sums the following:

1. Diversity of recruiters.Number of industry sectors.
2. Assessment of careers services.Percentage of graduates in jobs three months after graduation
3. Jobs found through the careers service.Percentage of graduates finding jobs through careers service
4.Student assessment.Meeting expectations and needs

Increase in salary considers the following:

1. How much did your salary increase after graduating? Salary change from pre–MBA to post–MBA (excluding bonuses)
25.00

2. Leaving salary.Post–MBA salary (excluding bonuses)

TABLE 1

(First twenty ranked schools in each area have been considered)

This table has been created from FT -2007 Rankings Statistics.

Rank Open new career opportunities Increase in salary
1 GSB-Chicago Ashridge
2 IIM-A Henley
3 Berkeley -Haas HULT
4 IE Business School IESE
5 IESE IMD
6 NYU-Stern Oxford
7 Virginia-Darden HEC
8 Dartmouth-Tuck Strathclyde
9 Stanford Stanford
10 Hong Kong University LSB
11 Michigan-Ross Harvard
12 Columbia University of Bath
13 MIT-Sloan Cranfield
14 IMD TiasNimbas
15 Ohio-Fisher RSM Erasmus
16 Northwestern-Kellogg Dartmouth-Tuck
17 Washington University Intl.Univ of Monaco
18 CMU-Tepper Cambridge
19 ESADE Manchester B-School
20 Penn State-Smeal Monash

Conclusion:

Table 2

Country or Region Open new career opportunities Increase in salary Schools in both category
  Number of Schools Number of Schools Number of Schools
USA 14 4 2
Europe 4 15 2
Hong Kong 1 X X
India 1 X X
Australia X 1 X
       
       
       

USA Schools

1.Considering both these criteria Stanford and Dartmouth are the only USA schools having Ranking in the range of 1-20.

2. If we consider only “Open new career opportunities” then there are fourteen USA schools in this category meaning thereby that these schools place more emphasis on creating career opportunities.

3.”Increase in Salary” has four USA schools HULT,Stanford,Harvard and Dartmouth

European Schools

1. IMD and IESE fall under both the categories.

Conclusion

It is concluded that American schools emphasize more on creating career opportunities or maybe on having better placement offices and contacts with the industry.They have a poor record of increase in salary as compared with their European cousins.

European School candidates have a better jump in income after completion of their MBA, may be because the concept of MBA is in the process of being integrated into European economies.The Americans have a head start in this as such this is not surprising.
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Comments about The Best B-Schools of 2006

From Business Week

1. Chicago

Students appreciate option to tailor curriculum to their interests. Living in Chicago gets pricey, but most say facilities and faculty are worth the expense.

2. Pennsylvania (Wharton)

Students say competitive program improves the academic experience. Decision to allow students to disclose grades to recruiters has many disconcerted.

3. Northwestern (Kellog)

The word used over and over by Kellogg students is “collegial.” School balances individual development and teamwork, case studies and lectures.

4. Harvard

Case method allows students to solve real-world problems. Ivory tower is not everyone’s cup of tea, but alumni network is vast.

5. Michigan (Ross)

Lack of grades diminishes competition and increases focus on work. Facilities are lacking but undergoing a makeover.

6. Stanford

With Silicon Valley around the corner, innovation reigns. Extensive electives cater to students with interests beyond banking and consulting.

7. MIT (Sloan)

MIT offers unique courses with entrepreneurial focus and attracts students with engineering backgrounds. Prominent faculty remains accessible

8. UC – Berkeley (Haas)

Tech and entrepreneurial specialties give Haas grads an edge in innovation. Curriculum is not as well-suited for those with eyes set on Wall Street.

9. Duke (Fuqua)

Students on “Team Fuqua” enjoy the collaborative learning experience. Good for the hand-holding types but some would like more debate and conflict.

10. Columbia

Students appreciate vast alumni network and high-profile speakers. Access to recruiters for everything from international companies to lesser known employers.

11. Dartmouth (Tuck)

Small class-small town leaves something to be desired. But many appreciate the “self selecting” crowd that attends. General management program is specialized.

12. UCLA (Anderson)

Students go by an “excellence without attitude” mantra. Active student clubs provide career development, but there’s limited access to East Coast recruiting.

13. Cornell (Johnson)

Particularly popular among career switchers, Cornell offers small class sizes and accessible professors. Students enjoy new immersion learning programs.

14. NYU (Stern)

Local alumni base is large and former students are willing to lend a hand in the job search.

15. Virginia (Darden)

Case method works well in small classes, which foster Socratic learning. Students get individual attention from administration and faculty.

16. Carnegie Mellon (Tepper)

Tepper’s small class size creates intense focus, intimacy, and greater hands-on responsibility. Curriculum is geared toward the quantitative mind.

17. North Carolina (Kenan-Flagler)

Job placement leaves most grads smiling, but international students may not have the same luck. Extracurricular activities and pleasant location add to the appeal.

18. Indiana (Kelley)

Kelley is praised for general education but is found lacking in specialties like consulting and investment banking. Strong regional bias limits recruiting options.

19. Yale

Small program size means easy access to alumni and faculty. Students applaud new dean Joel Podolny, cited for being a visionary leader.

20. Texas – Austin (McCombs)

Complaints include unresponsive administration and poor career placement for international students. Variety of classes and other resources balance equation.

21. USC (Marshall)

Strong community and alumni network offer lifelong career contacts. Drop in 2004 rankings led to major program overhaul, but students want further improvement.

22. Georgetown (McDonough)

D.C. area offers students many opportunities for work in the public sector and international business. Demanding classes are taught by diligent professors.

23. Emory (Goizueta)

Students extol leadership development, accessible professors, and caliber of classmates. One-year program offers a popular alternative to two-year MBA.

24. Purdue (Krannert)

Students laud financial aid offerings and diverse, international student population. Curriculum emphasizes quantitative skills and teamwork.

25. Maryland (Smith)

Smith grads gripe about regional recruiting and inadequate career services. But tight-knit community and affordable tuition help ease the strain.

26. Notre Dame (Mendoza)

Students miss proximity to big city, but enjoy the tight-knit community and finance training. Recent switch from semesters to a 7-week system gets mixed reviews.

27. Washigton University (Olin)

Small class size means personal attention from faculty, but on-campus recruiting is a disappointment. Campus hosts a noteworthy leadership speaker series.

28. Rochester (Simon)

Quality of education, analytical skill development, and personal attention from faculty is highly rated, but poor showing by recruiters frustrates students.

29. Michigan State ( Broad)

Teamwork focus means most grades are based on group, rather than individual, performance. Students praise outstanding career services center and faculty.

30 Vanderbilt (Owen)

Students laud the overall experience at Owen. Grads say that rigorous curriculum leaves them well equipped for future careers.

RELATED ARTICLES

Average MBA Starting Salaries

Ranking of MBA Programs – Based on Placement and Average Earnings

MBA – American Universities With Financial Help

Getting into a Top MBA Program

Business School Essay Topics

Are Green-Horn Applicants Acceptable by Business Schools?

WSJ Rankings Comparison of Top Business Schools

Career Enhancement Potential’ Ranking of Business Schools-Financial Times

Top Business Schools – WSJ Ranking 2007

Recruiters’ Top MBA

B-Schools Ranking – Placement within 3 months

All You Wanted to Know about Top MBA Programs – BW

MBA DEADLINES

Canadian MBA