Picking an MBA program
can be stimulating as there are countless factors to consider. There are
several organizations- such as The Economist, Financial Times, and
Businessweek- that rank MBA programs using a
variety of metrics. colleges might be charged by recruiters and academics
who rate each college based on personal experience and knowledge. Data points,
such as average GMAT or GRE scores, average starting salaries for graduates, and employment rates are among the other factors considered. Yet even though two
organizations might use similar metrics, each one comes up with a different
list and, therefore, with different top MBA colleges. This begs the
question: Do MBA rankings provide useful information for
considered students or do they simply confuse the issue?
How much do MBA rankings matter?
The simple answer to
this question is that MBA rankings do matter. The top MBA colleges will
lead to being those that rank consistently towards the top of the list and justify
being there. Meanwhile, among considered employers, there is a noted value
in hiring a new employee who graduated from one of the Best MBA colleges.
With this in mind, it
can be alluring to choose a college-based purely upon its ranking. This can be a
mistake, as just because the college ranks high on a list of top MBA colleges, it doesn't mean that it's the best college for you. An MBA
ranking is a factor you can use to make
your decision, but it shouldn't be the only factor.
Ranked where?
At the end of the day,
a college ranked first and a college ranked fifth may not really change that much
in quality. If MBA rankings are important to you, it may be more important to
find out how many times a college has repeatedly been named among the top
MBA colleges than to see exactly where it is in on one individual list.
Different
MBA rankings look at different features of planned colleges. Some may focus
on student achievement. Others may look at test results or post-graduation
employment rates and salaries. When looking at rankings, it's important to know
what exactly is being ‘ranked’. This can help you determine which ranking might
be the most important to you.
You've seen the MBA rankings, now what do you want?
It must be emphasized
that MBA rankings are only one tool designed to help you make your decision as
to which MBA program makes the most insight for you. It is certainly not the only
tool and it probably isn't even the most important. While a ranking may help
you determine how a college performs overall, it's important to consider your
own personal goals. How are you planning to use your MBA degree? What is your
budget like? Is location important to you? All of these questions are very
important and none of them can be answered fully by a ranking.
Don't let MBA rankings
replace your own research. Certainly, they should not dominate what you
have learned from examining the school, and talking to the staff
and students at the college in question. Rankings aside, the college must be a
fit for you, your goals, and your personality. Use all of the resources at your
direction, including rankings to help determine the best program for you.
Also Check: Best MBA College in Uttarakhand
DEV BHOOMI UTTARAKHAND UNIVERSITY
Dev Bhoomi Campus, Chakrata Road Navgaon, Manduwala, Dehradun- 248007, Uttarakhand, INDIA
Phone No: 0135-2694241, 42,43,44,45
Toll-Free: 1800 103 4049
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