Business Week MBA Rankings 2010

Business Week MBA Schools

The Business Week MBA rankings, which rank 57 schools in all, are among the most influential MBA rankings in the world. Many prospective students decide which MBA programs to apply for based on the results of these rankings. The rankings feature standard, two-year MBA programs, as well as programs that award an MBA in one year.

The 2010 results are the 12th biennial ranking of full-time MBA programs that Bloomberg Business Week has put out in the last 24 years. Business Week publishes both US and international MBA rankings, and the US list clearly shows the impact of the economic recession. Salaries and placement rates in the top 10 have dropped since the last ranking in 2008. The top 10 schools in Business Week’s rankings are as follows:

  1. University of Chicago
  2. Harvard Business School
  3. University of Pennsylvania
  4. Northwestern University
  5. Stanford University
  6. Duke University
  7. University of Michigan
  8. University of California, Berkley
  9. Columbia University
  10. Massachusetts Institute of Technology

Winners and Losers in the Business Week MBA Rankings 2010

The University of Chicago’s Booth School of Business is the number one business school on Business Week’s list for the third time in a row. This makes the Booth School of Business the third most successful business school in the history of Business Week MBA rankings.

The University of Chicago’s staying power on Business Week’s prestigious list is widely attributed to the efforts of former dean Ted Snyder, who subsequently became the dean of the Yale School of Management. Booth nearly doubled its number of endowed professorships and more than tripled its scholarship assistance to students during Snyder’s tenure.

There are also four newcomers to the Business Week MBA rankings 2010: the University of Minnesota’s Carlson School of Management (no. 28), Michigan State’s Broad Graduate School of Management (no. 20), Rice University’s Jones Graduate School of Business (no. 29), and Texas A&M University’s Mays Business School (no. 30). Northwestern University’s Kellogg School of Management, which has achieved more number one rankings than any other school in the history of Business Week MBA rankings, fell to fourth place this year.

The Methodology Behind the Business Week MBA Rankings

According to Business Week, the rankings of Business Week top MBA programs 2010 are based on three surveys of MBA graduates (2010, 2008, and 2006), with 26,389 total responses that contributed 45% to the final ranking; three surveys of MBA recruiters (2010, 2008, and 2006), with 680 total responses that contributed 45% to the final ranking; and a review of faculty research published over a five-year period in 20 top academic journals that contributed 10% to the final ranking. Unlike other MBA rankings in 2010, Business Week MBA rankings are not based on GMAT scores and GPAs or the starting salary of new grads.

The Business Week MBA rankings 2010 display various criteria, including tuition, pay, and job offers for each school. If you’re concerned not only about the prestige of the business school you attend, but also about the overall levels of student and recruiter satisfaction, the Business Week MBA rankings are a helpful resource.