Harvard Business School reclaimed its top spot in Bloomberg Businessweek’s prestige 2015 rankings of the best US business schools. The world’s longest-serving MBA program shot up after falling from grace, to no 8, in 2014’s ranking.
Comparatively Duke’s Fuqua School of Business, the top ranked school in 2014, fell to no 8. Chicago’s Booth School is no 2, and Northwestern’s Kellogg School is at no 3. Booth came top in both the employer survey and job placement metrics.
The shifting fortunes of the world’s top schools came as, for the first time, Bloomberg placed a sharper focus on career growth and job satisfaction, and how well MBA programs promote both.
An employer survey accounts for 35% of the total ranking score; an alumni survey on careers a further 30%. Older parts of the ranking, such as the tally of faculty research, have been axed.
Ellen Pollock, editor at Bloomberg Businessweek, said this is the most effective ranking yet for career-orientated students.
This new focus helped MIT Sloan climb 10 spots from no 14 last year to no 4. The Massachusetts based school came fifth on the employer survey.
Other high-risers include UC Berkeley’s Haas School, which shot up 10 places to no 9; Virginia’s Darden School, which rose eight spots to no 12; and Washington based Foster School of Business, up 17 ranks to no 20.
Wharton, Columbia, Stanford and Michigan Ross all fell but remain in the coveted top 10.
Businessweek compiled the data from more than 13,150 current students, 18,540 alumni, and 1,460 recruiters from 177 business school programs.
Three months after graduation, 88% of the MBAs were hired. Graduates gained an 81% increase on their median compensation pre-MBA. After six to eight years, pay typically increased another 64% to around $169,000 a year.
However, the data reveal that women MBAs earn lower salaries, manage fewer people, and are less satisfied with their careers than men. Six to eight years after graduation, men were earning salaries of $175,000 and women only $140,000.
“Unsurprisingly, this discouraging for women,” Dianne Bevelander, executive director of Rotterdam School’s Erasmus Centre for Women and Organizations, said of the general pay gulf. She added that it is the “most naked form of discrimination”.
To see the full ranking visit: http://www.bloomberg.com/features/2015-best-business-schools/