Bloomberg Businessweek released their MBA ranking list for 2021- 22 and Stanford Business School tops the list for US schools. A repeat winner, Stanford scored highest in compensation, networking, and entrepreneurship. Dartmouth’s Tuck business school came in second, with Harvard third.
Around the world, IMD tops in Europe, CEIBS in the Asia Pacific (again a repeat winner), and Queen’s Smith in Canada.
Rankings were based on 19,955 surveys from students, alumni, and recruiters, as well as compensation and employment data from each school. The Bloomberg MBA ranking is based on five categories, with schools assessed on their learning, networking, entrepreneurship, compensation, and diversity. For the first-ever Diversity Index based on race, ethnicity, and gender in their classes.
Dartmouth Tuck’s second position is for strong scores in the compensation and networking categories. While Harvard Business School mirrored Stanford with strong showings in compensation and networking, it did not do that well in learning. Chicago Booth enjoys the 4th position with Kellogg at 5th and Columbia Business School at 6th (both moved up in the MBA top business schools’ ranking list).
While all the M7 schools are in the top 10, Wharton Business School is placed in 9th position. One of the reasons can be the pandemic. When all the M7 schools decided to do hybrid classes (a mix of online and in-person), Wharton was clear that it will only do the online classes. This might have not gone well with the students considering the expensive classes, they were missing out on social interaction. And these rankings are based on a survey from students (maybe some not-so-happy students too).
Michigan Ross – a well-reputed school, strong in leadership, deep in resources, loved by students, and laden with experiential programming shockingly is at 13th place. Though it has improved from the previous years’ ranking it deserves more. But justice was served with Simon Rochester. Simon is an innovator was the first MBA program to devise a STEM program across its concentrations is rightly placed in the Top 25.
A dozen business schools fell in double digits this year like- William & Mary (Mason), Kenan Flagler, Foster, etc. And more than a dozen rose in double digits- Purdue Krannert, Rutgers, Hult, Katz, Questrom, etc.
In Asia-Pacific, China has 3 schools in the top 5 (CEIBS, HKUST, and Shanghai University of Finance and Economics). The other two schools in the top 5 are the National University of Singapore and the Indian School of Business.
In Europe, as IMD tops the list, it is followed by IESE and SDA Bocconi. Surprisingly, INSEAD is ranked 4th and London Business school is at the 5th position.
In Canada, popular schools like Rotman, Richard Ivy, Schulich, and Sauder are not in the top 5. Queen’s Smith tops the list followed by HEC Montreal and Ryerson.
Bloomberg takes a different approach to other top rankings like the Financial Times, US News and QS. To receive a score, schools are asked to rank which category is most important to them, as the first step in a two-part process. A follow-up survey then asks a range of questions, which are paired with employment and compensation data to give schools a score out of 100. Schools are then ranked according to their scores.
The strong performance of the M7 in the Bloomberg MBA ranking means results differ from the Financial Times, in which only two of the M7 took part as many business schools snubbed MBA rankings due to the coronavirus pandemic.
The FT ranking placed Chicago Booth, Yale School of Management, and Kellogg as the top three US MBA programs, with Tuck in fifth place.
The US News ranking includes the M7, this produces similar results to Bloomberg as they take seven places among the top 10. Both US News and Bloomberg rank Stanford as the best MBA in the US in 2021.
You can see here ALL the top MBA rankings: https://www.aringo.com/top-mba-program-rankings/
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