Monday, November 24, 2008

An exciting rerun - BW 2008 MBA rankings!

Last week, the excitement about the BusinessWeek rankings peaked as we watched the live release of the results in the student lounge at the Harper Center – of course, the room erupted in cheers when the verdict was out! After the David Booth gift, it was a nice "one-two" end to our week.

Dean Snyder in his classic understated style sent out this email to the student body:

Chicago Booth has been ranked as No.1 in Businessweek’s biennial ranking of full-time MBA programs. In the previous BusinessWeek ranking also, Chicago Booth ranked first.
Since 2001 our policy has been to report MBA rankings from six media: BusinessWeek, the Financial Times, U.S. News & World Report, the Economist, Forbes, and The Wall Street Journal. Of the 69 rankings reported since then, 67 are in the top 10.

He also mentioned in this Chicago Maroon article about how its business as usual after the rankings: “Having noted these positives, we strenuously avoid confusing our identity with rankings. So, it’s back to work.”

Although quite a few of us follow the rankings closely, it’s great to see the pragmatic tone that the Chicago Booth management assumes, which keeps us grounded and focuses on what needs to be done. I personally remain convinced that the student and applicant community ultimately benefits from the B-School rankings by different publications, despite the various biases and controversies that plague each release of ranks and I suspect you would agree with me. There is an interesting take on this subject by Business Today (Student Magazine published out of Princeton) in their latest issue.

Want to discuss this topic some more? Head on over to the Chicago Booth Discussion Forums