Each year, the Financial Times ranks international MBA programs. This year the top 10 are Harvard, Stanford, INSEAD (France/Singapore), U Penn – Wharton, London Business School, CEIBS (China), U Chicago – Booth, MIT – Sloan, Columbia, IESE (Spain), Yale, and Northwestern – Kellogg.
School ranking methods are often controversial: schools, educational goals, and concepts of quality vary considerably and the data and inputs into the models are often subjective. (Here’s Malcolm Gladwell on an older version of the US News & World Report ranking methodology). The FT mitigates these problems by focusing on a set of more narrowly comparable institutions (top tier MBA programs), on relatively unambiguous inputs (it heavily weights student outcomes measured in salary and program value in cost), and by limiting scoring to a top 10 (instead of elevating the minor differences that separate schools in the long tail). FT includes a “research rank” derived from the number of articles that faculty published in top journals, but salary factors outweigh research factors by 4-1. And it lightly weights a host of other variables — gender ratios, international diversity, faculty PhDs, and so on — that contribute to the quality of a business education.
In collaboration with the FT, we’ve been exploring whether Open Syllabus data can capture a different dimension of school quality: the degree to which a business school’s faculty influence the teaching of business in general, throughout the field. Our method is simple: we took the 500 most frequently assigned texts from the
Continue reading →