Absurd Roller Coaster • MBA Journal

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The latest ranking of Economist again shows the absurd ups and downs of business schools. Harvard is at the top this time.

After the last ranking of the Economist While a number of US schools – from Chicago, Harvard, Northwestern to Stanford – refused to participate, US schools dominate the top ten in this year’s ranking. Nine out of ten schools are from the USA.

Harvard Business School took first place this time, followed by the Wharton School and the Kellogg School of Management at Northwestern University. 4th place goes to Columbia Business School ahead of MIT and the Fuqua School of Business at Duke University.

HEC Paris is the only European school to hold 7th place. Last year it was 2nd. One rank lower than the French school is the Stanford Graduate School of Business at 8th – which is pretty absurd. The Chicago Booth School of Business and the Ross School of Business at the University of Michigan follow.

The second best European school is the SDA Bocconi School of Management in 13th place, last year it was still in 6th place. The Spanish IESE Business School, which was in 1st place last year, falls to 16th place. The French EDHEC Business School comes in 18th place Last year she was 7th and before that 25th.

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The Mannheim Business School comes in 25th place (previous year: 26th place) and is thus the best German school. ESMT is ranked 74th, one spot ahead of the Indian School of Business. In the previous year it was ranked 46th. The WHU – Otto Beisheim School of Management achieved 83rd place, the HHL – Leipzig Graduate School of Management 84th place.

It’s obvious that the return of US schools caused major disruption, especially since the ranking also favors the two-year programs. A total of 53 of the hundred ranked programs come from the USA, 47 from the rest of the world.

Fifty-seven programs saw double-digit ups and downs, affecting 80 percent of the 71 schools that participated last year. Worst of all is the Indian Institute of Management in Ahmedabad, falling 48 places to 99th. IMD in Lausanne falls 32 places from 10th to 42nd, putting one of the leading schools in Europe behind the Smeal College of Business Pennsylvania State University.

Lucky are the schools that refused to take part: INSEAD, London Business School, Cambridge Judge, Oxford Said and the Spanish IE Business School. The list of schools that were not eligible or did not attend (this is a way to disguise non-participation) is much longer: Asian Institute of Management, University of Alabama, American University, University of Bath, University of Calgary, University of Cape Town, Curtin University, ESCP Business School, Henley Business School, Universidad Austral, Imperial College Business School, Pan-Atlantic University, University of Manchester, University of Miami, Newcastle University Business School, Portland State University, Prague University of Economics and Business , Purdue University, Erasmus University, University of South Carolina, Seoul National University, Temple University, University of British Columbia, Hong Kong University of Science and Technology, University of Melbourne, University of Western Australia and University of Wollongong.

The following criteria are taken into account in the ranking: 35 percent accounts for opening up new career opportunities, and 35 percent also accounts for personal development and educational experience (quality of the professors, GMAT score and diversity of the class). The salary increase is rated at 20 percent and the network potential is rated at 10 percent.

The last ranking from 2019 can no longer be found, probably also to prevent comparisons. That Economist-Ranking has always been notorious for its dramatic ups and downs, raising serious doubts about the methodology. One wonders when Economist finally stop it.