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Archive for March 4th, 2010

Fantastic Article on MBA Rankings

Thursday, March 4th, 2010

We hear it from international students all the time:  “I want an MBA, but only from one of the ‘good’ schools – you know, Harvard, Yale, etc.’”

It’s no surprise that students gravitate towards those schools, because they are commonly listed at the top of international rankings.  We have an important message to share with you, however:  in many cases, the rankings don’t make sense. The rankings are made for the entire student population.  But you aren’t the entire student population.  You’re you.  And for your needs, sometimes a small, unheard of school will actually provide a better education, and usually at a fraction of the cost.

This article in the Financial Post Magazine delves into the issue of rankings in a wonderful way.  I encourage all of you to read it!  Money quotation:

So while any observers and even some professors are rightfully questioning the value of an MBA from anywhere, a similar question has long been asked of MBA rankings. There’s no doubt they sell magazines and newspapers, and hence, advertising. For proof, just take a look at how fat MBA issues are compared to the ones that sandwich them. That’s certainly value for cash-strapped publishers, but less certain is whether there’s any value for the people who read them.