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MBA Ranking 2010

Master of Business Administration (MBA) ranking is generally accepted as part of the selection criteria for prospective students. In recent years, ranking of all colleges has become popular with the press, and has been highly publicized. As a matter of fact, one of the principal motivational factors behind business schools and MBA rankings has been its ability to boost circulation of the magazines and newsprint. There are numerous MBA and business schools ranking worldwide. Some of the key MBA ranking publications include:

 

 

 

However, the effectiveness of MBA ranking has been a highly controversial subject over the past few years. Fundamentally, the key conflicts associated with these popular rankings of MBA programs is

1.  That they incorporate "qualitative" aspects of the perceived "prestige" and "reputation" of the business school as a key criteria. Thus there is a general biases towards incumbents and institutions with bigger student and faculty population.

2.  Peer reviews by Deans and academics added to this bias.

3.  It is also interesting to note that in most MBA rankings, it places greater significance on the number of students who are rejected, rather than on the quality of the students who are accepted thus providing a uneven outcome on the "real" quality of their MBA Students.

A New Methodology

The MBA Singapore Ranking was first published in June 2009 commissioned by Aventis School of Management in collaboration with Edupoll.org, a leading aggregator of higher education courses in Asia. Criteria use for the assessment includes comprises of 2 major indicators

1. International Universal Indicators (IUI)

2. Singapore Centric Indicators (SCI).

 

Quality Indicators - International Universal Indicators (IUI)

  • Accreditation - ACU and 6 Regional Accreditation | BIG 5 Accreditation Bodies AACSB, ACBSP, EQUIS, Association of MBA, EMBA Council
  • International Rankings - US News, Good Uni Guide UK, Australia, QS, FT, Business Week, Guardian, Times, 4icu.org, Shanghai Jiao Tong , Princeton Review
  • Alumni - Nobel Prizes, Senior Mgmt "C" Level of MNC, Political Leaders, Local Famous Alumni
  • Graduate Satisfaction Reports - Graduate Satisfaction- Pay Graduate Satisfaction- Get a job Student Satisfaction
  • Post MBA Outcome - Was MBA program responsible for achieving their career goals upon Graduation (Increase in Salary or Career Switch), School professional networking value - Local Alumni Chapters and International Alumni chapter, Schools international exposure and locations ( Student Exchange | International Study Trip), Managerial skills development

Singapore Centric Indicators (SCI)

  • Length of Establishment of the MBA Program In Singapore - programs in Singapore - less 2 years (2points) 3-5 (3points) 6 -9 (4points) 10 years (5points)
  • Teaching & Faculty Quality (TFQ) - Research contribution by Faculty 0 publications, Intellectual capital on Shanghai Jiao Tong top 500 ranking, Student to Faculty Ratio ( 1 to 30 Students Ratio), Learning Experience (total contact Hours) Below or above 300, Quality of Teaching % of Faculty with (PHD) - 50%, MBA course material quality
  • Student Selectivity - Working Experience Requirement, Student Diversity Score , Academic Qualifications requirements, GMAT requirement, Student Acceptance Rate
  • Affordability – Range Above 40k | 30000 to 39999 | 20000 to 29999 | Below 20000
  • Strength of Local Institutional Partner – Institute of Higher Learning, ERF/Edu Trust, MBA Career and Alumni Support, Length of establishment

The Results- MBA Singapore Ranking 2010

Based on data collected by the research team, where points are allocated to each attribute separately for all the 10 attributes. The following are the results of the MBA Ranking 2010 for Singapore MBAs.

Rank University Average
5 points
1 University of Chicago 3.89
2 INSEAD 3.78
3 National University of Singapore 3.67
4 UCLA and National University of Singapore 3.67
5 NUS Asia – Pacific Executive MBA ( English ) 3.61
6 University of Manchester 3.56
7 National University of Singapore and Peking University 3.56
8 The City University of New York 3.50
9 The University at Buffalo, State University of New York 3.50
10 University of Birmingham 3.44
11 Nanyang Technological University 3.44
12 HEC Paris and NUS Double Degree MBA 3.39
13 University of Nottingham 3.33
14 University of Strathclyde 3.33
15 The University of Western Australia 3.28
16 The University of Hull 3.28
17 The University of Adelaide 3.11
18 Aalto University, Finland 3.11
19 Lancaster University UK 3.06
20 University of Bradford, UK 3.00
21 NTU and Waseda University Double MBA 2.94
22 S P Jain School of Management EMBA 2.89
23 Arcadia University, Pennsylvania, USA 2.83
24 NTU and BI Norwegian School of Business EMBA 2.78
25 Singapore Management University 2.67
26 Heriot Watt University 2.61
27 James Cook University 2.56
28 University of Sunderland 2.56
29 University of Newcastle, Australia 2.44
30 University of Wales Institute, Cardiff 2.44
31 Edith Cowan University, Australia 2.33
32 Murdoch University, Perth , Australia 2.33
33 The University of Wales 2.33
34 Southern Cross University, NSW Australia 2.22
35 University of Northumbria, UK 2.22
36 Coventry University 2.22
37 Victoria University - Melbourne, Australia 2.11
38 CQ University 2.00
39 Queen Margaret University 2.00
40 University of Derby, UK 2.00
41 Anglia Ruskin University 1.89
42 University of Buckingham UK 1.67

Source: http://www.mbasingapore.asia/mba-singapore-ranking-2010

Conclusion

The results of this analysis show that there is indeed a high correlation between the schools that rank as the "best" MBA programs in the popular press, and the measure of certain input-output measure of those programs. Whilst it is useful to use MBA ranking as part of their selection process, it should not be the sole selection criteria when selecting a MBA program.