Rabu, 15 Oktober 2008

Top Business or Economics Schools in the World

Harvard Business School

From Wikipedia

Ranking techniques


Columbia Business School is ranked #1 in The Financial Times "ranking of rankings" for United States business schools.

Columbia Business School is ranked #1 in The Financial Times "ranking of rankings" for United States business schools.

Current #1 United States business schools


Current #1 Wall Street Journal United States business schools

The rankings are based on a variety of factors such as standardized test scores of students, salary of recent graduates, survey results of graduates and/or recruiters, the specific schools that choose to participate in a market survey, the number of top companies recruiting at the school and a variety of attributes.[4] The ratings vary significantly by method used to determine the success of each program. The Forbes and Financial Times results are based on long-term graduate career progress concerns. The BusinessWeek and Economist polls evaluate short-term experiences of the students with their program. The Wall Street Journal and U.S. News & World Report consider the recent experiences of recruiters with the program.[2]

The U.S. News & World Report uses a combination of the objective and subjective as well. The magazine seeks "expert opinion about program quality and statistical indicators that measure the quality of a school's faculty, research, and students." However, it ranks a broad spectrum of professional school programs such as business schools, law schools, and medical schools as well as a variety of programs specific academic disciplines such as the social sciences or humanities.[5] The business opinion data incorporates responses from deans, program directors, and senior faculty about the academic quality of their programs as well as the opinions of professionals who actually do the hiring of the new MBA graduates from the schools. The statistical data combines measures of the qualities of the incoming students and as well as the faculty with measures of post graduate success as related to their degrees.[5] There were 382 programs that responded out of 402 solicited, and the formula used a strict combination of quality assessment (40%), placement success (35%), and student selectivity (25%).[6]

The BusinessWeek rankings, which are based on three sources of data (a student survey, a survey of corporate recruiters, and an intellectual capital rating), are published in mid-October of even numbered years.[7] The 2006 student survey of 45 online questions of students' ratings of their programs was distributed to 16,595 students three weeks before graduation; there were 9,290 responses. The recruiter survey determines how many MBAs a recruiter's company hired in the previous two years and which schools it actively recruits from. 223 respondents participated out of 426 solicited. The intellectual capital is determined based on a formula incorporating academic publications in journals, books written, and faculty size.[7]

The Forbes magazine methodology was to calculate a five year return on investment for 2002 graduates. Forbes surveyed 18,500 alumni of 102 MBA programs and used their pre-enrollment and post-graduate business school salary information as a basis for comparing post-MBA compensation with the cost of attending the programs.[8]

Wall Street Journal/Harris Interactive poll was the result of an online survey of 4,125 recruiters between December 13, 2005 and March 16, 2006, based on their experiences at schools where they had recently recruited. The survey was not based on academic quality although the survey was built upon 21 attributes including faculty and curriculum. However, the poll was based on attributes that would lend toward professional success such as interpersonal and communication skills, teamwork orientation, personal ethics and integrity, analytical and problem-solving abilities, and work ethic.[4] The Wall Street Journal (WSJ) publishes three lists: a "national" ranking of U.S. business schools that are heavily recruited by national and multinational companies, an "international" ranking of European, North American, and Central American schools visited by recruiters for companies seeking employees for jobs outside the United States, and a "regional" ranking of schools not included on the national list that draw many of their recruiters from within their U.S. geographic region.[9]

The Economist Intelligence Unit, the business information arm of the Economist Group, gathered results from two internet questionnaires, one of business schools and one of their students and recent graduates, and used them to rate business schools located all over the world. Information provided by the schools made up 80% of the ranking, with student and alumni responses accounting for only 20%. Factors in the evaluation included faculty:student ratio, GMAT scores of incoming students, student body diversity, foreign languages offered, percentage of graduates finding jobs within three months after graduation, percentage of graduates finding jobs through the school's career service, graduates' salaries and the comparison of pre-enrollment and post-graduation salaries, and student/alumni evaluations of the program, facilities, services, and alumni network. Results were tabulated using a smoothing method incorporating the three previous years' results. The organization used strict data provision thresholds, with the result that some highly regarded schools were omitted from the list of 100 ranked schools. [10]

The Financial Times poll was the result of over 10,000 respondents to nearly 23000 electronic questionnaires of alumni from 155 qualifying business schools. The survey began in July 2006 and all internationally accredited programs that are at least five years old and that have produced at least 30 graduates in each of the last three years were solicited. 113 of the 155 had at least 20 respondents and at least a 20 percent response rate. The questionnaire used twenty criteria in three main areas. The poll actually presents all twenty criteria to the reader. Eight criteria are based on alumni responses; eleven criteria are based on business school responses, and the final criteria is based on a research index produced by the Financial Times.[11] The survey responses are audited by KPMG.[12]

The Financial Times has also produced a "ranking of rankings" summarizing five of the individual rankings (The Economist, BusinessWeek, Wall Street Journal, Forbes, Financial Times). They produce United States, and European summary rankings based on all five and a global summary ranking using the Wall Street Journal, Economist and Financial Times. The summary is based on underlying polls in which a school placed in the top ten using an average of the ordinal placements. The summary excludes the U.S. News & World Report results.[2]
Harvard Business School

Established: 1908
Type: Private
Endowment: US$2.8 Billion [1]
Dean: Jay O. Light
Faculty: ~200
Staff: ~1,100
Students: ~1,800 MBA and ~100 Doctoral
Location: Boston, Massachusetts, USA
Campus: Urban
Website: www.hbs.edu

Harvard Business School (HBS) is a renowned business school in the United States. It is one of the graduate schools of Harvard University.

Founded in 1908, Harvard Business School started with fewer than 100 students. In the 1920s, the class size reached 500 students. In 1926, the School moved from the Cambridge side of the Charles River to its present location in Allston (part of Boston) - hence the custom of faculty and students referring to the rest of Harvard University as "across the river." Women were first admitted to its regular two-year Master in Business Administration program with the Class of 1965. The dean of HBS is Jay O. Light, who was appointed by then University President Lawrence Summers on April 24, 2006.

The school offers a full-time MBA program, doctoral programs, as well as many executive education programs, but does not offer an 'Executive MBA'. The School owns Harvard Business School Publishing, which publishes business books, online management tools, teaching cases and the monthly Harvard Business Review.

Contents

MBA program

HBS, as seen from across the Charles River. In the background is the steeple of Baker Library.

HBS, as seen from across the Charles River. In the background is the steeple of Baker Library.

Harvard Business School offers a two-year full time MBA program, which consists of one year of mandatory courses (Required Curriculum) and one year of unrestricted course selection (Elective Curriculum). Admission to the MBA program is one of the most selective graduate programs in the world[citation needed], with an admissions rate of 12% for the class of 2010[2] The student body is international and diverse, with 67% of students who are citizens of the United States.[3] Women comprise 38% of the class of 2010. [2]

The Required Curriculum consists of two semesters. The first semester focuses primarily on the internal aspects of the company and includes the courses Technology and Operations Management, Marketing, Financial Reporting and Control, Leadership and Organizational Behaviour, and Finance I. The second semester focuses on the external aspects and includes the courses Business, Government, and the International Economy, Strategy, The Entrepreneurial Manager, Negotiations, Finance II, and Leadership and Corporate Accountability. [4][5]

The Elective Curriculum can be chosen from among 96 courses. The diverse selection includes courses such as: Agribusiness, Doing Business in China, Building and Sustaining a Successful Enterprise, Managing in the Information Age, The Moral Leader, Entrepreneurship in Education Reform, Venture Capital and Private Equity, Business at the Base of the Pyramid, Consumer Marketing, Retailing, Power and Influence, Managing Medicine, Supply Chain Management, and Corporate Strategy.[6] The students assign each course a priority and the courses are filled through a lottery system based on student priority and class availability. Elective curriculum students can also complete a field study or independent student research project in lieu of a class. Field studies allow students to work together in a team closely with faculty members to launch a product, develop a new business, or research a real world issue. Independent student research projects provide an opportunity for a student to work with a faculty member to develop deep insights on a particular topic of interest. These options allow students to create a second year curriculum that is aligned with their personal and professional interests.

Current MBA classes have a size of approximately 900 students, divided into ten sections (A-J) of 90 students. Each section takes classes together the first year, with the intention of forming deep social bonds. During the first year, all students are assigned to learning teams of 6 students. These learning teams meet daily throughout the first year to prepare each day's class assignment. Graduation rates are approximately 98%. Teaching is almost exclusively (95%) done through case teaching (also referred to as the Socratic method), where the students prepare teaching cases and discuss them in class, with a professor as moderator and facilitator. There is an Education Representative role in each section whose role it is to develop an appropriate learning environment and effective relationships between the students and faculty and between students themselves given the diversity within the section (students from a broad range of industries, undergraduate schools, ethnic backgrounds, geographies, etc.).

MBA students at Harvard are graded on a relative curve. In most courses, the grade consists of roughly 50% class participation and 50% final exam or paper. In a few cases (primarily in the RC year), there may be a few brief exercises or a midterm that typically account for no more than 20% of final grade in a given course. The top 15-20% of the class receive "1's" (instead of A's), the middle 70-75% receive "2's", and the bottom 10% receive "3's". If a student receives more than a certain number of "3's" in the first semester of the Required Curriculum, they receive an academic warning. The student is offered help, in the form of academic counseling and tutors to improve their academic performance. The fact that most MBA students at Harvard have been at the top of their classes in undergraduate schools and high schools makes it more competitive. However, it is said that the relationships between students are not as cutthroat as rumored and that it is quite a friendly and collaborative learning environment.[citation needed]

Academic honors

The top academic honor at Harvard Business School is the Baker Scholar designation (High Distinction), given to the top 5% of the graduating MBA class. In a typical year a Baker Scholar will have achieved "1s" in approximately 70 - 75% of his or her course credits. Students receiving honors (top 20%) in both their first and second years are awarded the MBA degree with Distinction.

The student who receives the highest grades in each year of the program is awarded the Henry Ford II scholarship and is known as the Ford Scholar. For a typical student to attain this honor, he/she must achieve the highest available grade in each of the eleven MBA classes during the first year of the program. Other academic distinctions include the Thomas M. and Edna E. Wolfe Award, given to recognize scholastic excellence (generally to the student with the highest grade in the class) and the Loeb prize given for the most outstanding performance in finance.

Until 2005, Harvard Business School also awarded the Siebel Scholarship to each of the top five students in the first year of the program (see http://www.siebelscholars.com). However for reasons that were not publicised this was recently withdrawn.

Student life

Students can join one or more of the more than 75 clubs on campus. The clubs invite speakers to campus, organize trips, social events, and help forming bonds between students of similar interests. The Student Association is the main interface between the MBA student body and the faculty/administration. It is led by a four-person Executive Committee (2 Co-Presidents, CFO and COO). The decision power rests with the Senate, which is composed of one senator from each section (a total of 10), the Executive Committee, and various committees made up of section officers. Intramurals are also a major part of the student life. Basketball, flag football, volleyball and soccer are the main intramural sports that are offered.

The HBS Rugby Football Club is the only extramural sport on campus, competing against locally against New England clubs and worldwide against fellow MBA teams throughout the year.

Immersion experience

HBS offers immersion programs to supplement in-class room academic experience. These programs are designed to integrate educational objectives with other elements that the student-led treks offer. Through this experience, students are "immersed" in academic, cultural, and organization fieldwork around the world. The program spans an intensive five to twelve-day period during January. The programs offered in 2007-2008 were: China and Vietnam, Europe, Healthcare, India, Middle East, and New Orleans immersions. Supplemental financial aid is available to eligible students.

The Arthur Rock Center for Entrepreneurship

The Arthur Rock Center for Entrepreneurship was made possible through the extraordinary generosity of pioneering venture capitalist Arthur Rock (MBA 51). In 2003, Rock donated $25 million to HBS to support faculty and their research, fellowships for MBA and doctoral students, entrepreneurship symposia and conferences, and new outreach efforts to extend the impact of the School's work. Excellence in the research and teaching of entrepreneurship has long been an important part of the history of HBS, and Arthur Rock has ensured that the School will continue to produce leading intellectual capital in this field for generations to come. All of HBS's work in the entrepreneurship arena is now under the umbrella of the Rock Center.

Business Plan Contest

The Harvard Business School (HBS) Business Plan Contest is jointly sponsored by HBS's Arthur Rock Center for Entrepreneurship, the HBS Entrepreneurship Club and the Social Enterprise Club. The contest consists of the "traditional" for-profit track and the "social enterprise" track, for those plans with an explicitly social agenda. The winner of the traditional track contest wins the Dubilier Prize, including $10,000 in cash and $10,000 in in-kind (legal and accounting) services. The winner of the social enterprise track also receives the Peter M. Sacerdote Prize, including $10,000 in cash and $10,000 in in-kind services. Three runners-up from both tracks of the contest are also named, and each receive the Satchu-Burgstone Entrepreneurship Award, including $5,000 in cash and $5,000 in in-kind services. In certain cases, a "specialty plan" prize may be awarded to a plan that may simply require less capital — and be targeting a smaller market, if such a plan is not already among the winners. These winners also receive $5,000 in cash and $5,000 in in-kind services. The contest is now in its 11th year and has had a number of prominent companies among its winners, including Bang Networks in 2000.

The Healthcare Initiative

The Healthcare Initiative at Harvard Business School is a multidisciplinary program dedicated to innovative thinking in the healthcare industry. Launched in 2005, the Initiative brings together the extensive research, thought leadership, and interest in the business and management of healthcare that exists at HBS. The core strengths of HBS, its general management and leadership-focused MBA program, its case method of teaching, and its global reach-coupled with the industry focus provided through the Healthcare Initiative, result in superior educational and career opportunities for aspiring leaders in the healthcare industry.

In addition to the Healthcare Initiative, the student-run Healthcare Club is the second largest--and most active--club at HBS. The mission of the Healthcare Club is to provide a forum for students to learn about the business of healthcare, to interact with other students who are interested in healthcare, and to meet with leaders and key decision makers in the healthcare industry.

The Global Initiative

Established in 1996, the Global Initiative builds on a legacy of global engagement by supporting the HBS community of faculty, students, and alumni in their work, encouraging a global outlook in research, study, and practice. With its rich heritage of global leadership in management education and research, Harvard Business School (HBS) is deeply rooted in the international economy. Working closely with companies, universities, and governments, the School and its faculty help shape the perspective, knowledge, and insight of managers throughout the world.

To facilitate faculty research and case development on an international scale, Harvard Business School furthered its impact by establishing six Global Research Centers in key regions around the world: Asia-Pacific (Hong Kong and Japan), Europe, India, Latin America, and California. The Global Research Centers strengthen faculty connections with businesses, people, and ideas beyond our borders. This far-reaching network not only is unprecedented in higher education, but also is a vital element in the creation of the School's intellectual capital. At any given time HBS researchers are active in more than 40 countries.

The Leadership Initiative

A research-based initiative that bridges the gap between leadership theory and practice, the Leadership Initiative at Harvard Business School was created as a catalyst to achieve the School's mission..."to educate leaders who make a difference in the world." Since its inception, HBS has been committed to shaping business leaders with the integrity and capabilities to build world-class organizations. Today, the Leadership Initiative seeks to ensure that HBS remains at the forefront of leadership research and development for the 21st century and beyond.

The Social Enterprise Initiative

Grounded in Harvard Business School's mission to educate leaders who make a difference in the world, the Social Enterprise Initiative aims to inspire, educate, and support current and emerging leaders in all sectors to apply management skills to create social value. Through an integrated approach to social enterprise-related teaching, research, and activities at HBS, the Social Enterprise Initiative engages with leaders in the nonprofit, for–profit, and public sectors to generate and disseminate practicable resources, tools, and knowledge with the ultimate goal of bettering society.

The Social Enterprise Initiative's strategic objectives range from building the world's best faculty dedicated to social enterprise research and teaching to providing learning experiences that not only increase the effectiveness of social-sector executives, but also tap into the potential for social value creation among our entire community of students and alumni.

The Initiative was formed in 1993 by former Dean John H. McArthur and interested faculty and staff with the initial support of John C. Whitehead (MBA '47), whose career has spanned leadership positions in the private, for–profit, and nonprofit sectors. Subsequent support from numerous alumni has enabled the Social Enterprise Initiative to flourish at the School. The impact of the Social Enterprise Initiative has manifested itself in a number of areas. At HBS, these range from the participation of more than 75 faculty members in social enterprise research and teaching, to the creation of over 400 social enterprise cases and teaching notes by HBS faculty. Social enterprise perspectives are integrated into a broad range of classes and case discussions, reflecting a real-world blending of business and social issues, and courses focusing on social enterprise are incorporated into the curriculum. Additionally, HBS offers a number of career development programs designed to support students and alumni engaged professionally in the social sector.

Doctoral programs

The mission of Harvard Business School's Doctoral Programs is to develop outstanding scholars for careers in research and teaching at leading business schools and universities.

Flexibility in learning, independence in study, research with deep impact, notable faculty who are leaders in their fields, and the finest resources in academia—these qualities enable Harvard Business School to offer highly regarded doctoral programs.

To ensure a solid foundation in management, all students (without an MBA degree) are required to take at least five courses in the MBA curriculum. A deep knowledge of management practice—not only in general, but also specific to a student's area of specialization—is a critical component of business doctoral education. These courses provide a valuable source of research topics and institutional knowledge that will be important for future research and teaching success in business schools. At the same time, a broad knowledge of business ensures that students fully appreciate the interdependencies and complexity of management problems and may introduce them to the possibility of interdisciplinary research.

All students are admitted for full-time degree programs, beginning in September. Students, however, may begin the program in July, conducting research with an HBS faculty member. A minimum of two years in residence is required, and it is expected that students will complete their program in four to five years. Students typically spend two to two-and-a-half years on course work, and another two years on their dissertation.

Executive education

In addition to Master's and Doctoral degrees, the Harvard Business School (HBS) offers non-degree executive programs which confer alumni status to graduates:

Other Executive Education programs at HBS also award certificates to attendees, but do not confer alumni status (an exception is the Program for Leadership Development, which also confers HBS alumni status if 10 extra days of HBS executive education are completed).

Campus

Hawes Hall at Harvard Business School.

Hawes Hall at Harvard Business School.

The Harvard Business School campus is located in Allston, across the Charles River from the main Harvard campus in Cambridge. Many of the buildings have red-brick exteriors, as do many buildings in Harvard Yard. HBS maintains a number of facilities, including a sports center and The Class of 1959 Chapel, that are dedicated for the exclusive use of its community. A series of underground tunnels connects the basements of nearly every building on the campus, with the noticeable exception of the more recent student housing facilities that are SFP (Soldier Field Park) and OWA (One Western Avenue) buildings. Spangler Hall is widely considered HBS' main building with student lounges, meeting rooms, administrative offices and dining facilities. Most classrooms are located in Aldrich and Hawes, most of which are 100-student "amphi-theatre" rooms with approximately five rows in a half circle. This design facilitates the teaching of the case method. Baker Library was reopened in 2005 after several years of renovation. The new building features student study spaces as well as faculty offices. The fitness center is located in Shad Hall, across from Morgan Hall, which houses the majority of the faculty. Shad Hall is also the location of the Computer Lab for Experimental Research (CLER) where many business research studies are conducted. Closest to Charles River are MacArthur Hall and Baker Hall, which accommodate the Executive Education programs, and several student dormitories.

Academic units

The school's faculty are divided into ten academic units: Accounting and Management; Business, Government and the International Economy; Entrepreneurial Management; Finance; General Management; Marketing; Negotiation, Organizations & Markets; Organizational Behavior; Strategy; and Technology and Operations Management.

Admission

HBS looks for candidates who exhibit leadership potential, capacity for intellectual growth, and the drive to make a difference in their community. The school aims to attract students representing a wide range of interests, perspectives and experiences as reflected by its highly diverse student body. Each year students represent more than seventy countries and a wide range of backgrounds ranging from professional sports, medicine and military to consulting and investment banking.

To be considered for admission, a candidate must have successfully completed the following:

  • A degree program at an accredited U.S. four-year undergraduate college/university or its equivalent; and the Graduate Management Admission Test (GMAT) exam,
  • The application for the MBA class entering consists of responses to the application essay questions,
  • A resume, recommendations, academic history, GMAT scores, TOEFL or IELTS score, if applicable, and nonrefundable U.S. $235 application fee.
  • There is no minimum work experience required.

Notable Harvard Business School students

See also: List of Harvard University people

Notable alumni (MBA and executive programs)

See also

References

  1. ^ Harvard Business School 2006 Annual Report [1]
  2. ^ a b Harvard Business School Website: MBA Program Statistics [2].
  3. ^ Harvard Business School Website: Class Profile [3]
  4. ^ Harvard Business School Website: Required Curriculum Term 1 [4]
  5. ^ Harvard Business School Website: Required Curriculum Term 2 [5]
  6. ^ Harvard Business School Website: Elective Curriculum Courses[6]

Sources

  • Cruikshank, Jeffrey L. (1987). A Delicate Experiment: The Harvard Business School, 1908-1945. Boston, MA: Harvard Business School Press. ISBN 087584135X.

External links

Retrieved from "http://en.wikipedia.org/wiki/Harvard_Business_School"

http://www.topmba.com/

Harvard Business School (Harvard) and The Wharton School (Wharton) remain the most popular choices and take turns, year on year, at holding the most favoured position. This year Harvard has retained a narrow edge. There is great continuity in the top 20 most favoured US schools among recruiters, with only Yale, Carnegie Mellon, Georgetown and University of Toronto narrowly slipping out from a top 20 position, but all remain within the top 40.

Joining the top 20 this year are; North Carolina University (Kenan-Flagler), Southern California (Marshall), South Carolina (Darla Moore) and Western Ontario (Richard Ivey)..

Within the consistent top 20 group, Chicago, Columbia Business School, Michigan, Berkeley, Northwestern and UCLA have all improved their relative positions. The Sloan School of Management MIT, Tuck and Darden have fallen relative to their peer group. The Fuqua School of Business, Duke University (Duke) has remained stable in 8th place for second year after being one of the highest climbing top-tier US schools in recent years.

Canadian schools had also made much recent progress; In 2007, they have returned en masse to the top 40, with HEC Montreal, and British Columbia rejoining Western Ontario, McGill and Queens in the top 40. This year, Western Ontario is the only Canadian school to remain in the top 20, gaining 1 place to 20th. McGill University, which had steadily grown in recognition during the last five years is the most striking improver, rising 6 places to 30th. position.

Notable North American movers: The four North American top movers are all schools with a strong pedagogical emphasis on international management: North Carolina is up 14 places to 15th, Southern California is up 15 places to 18th, South Carolina is up 11 places to 14th, whilst UCLA is up 9 places to 13th.

Recruiters’ top 10 preferred schools in North America are:

Harvard, Wharton, Northwestern, Columbia, Chicago, Stanford, Michigan, Duke, MIT and UC Berkeley.

Recruiters Top 40 Business School in North America

Table : North America Top 20 (Alphabetical)
School NameCountryRecr. RankRecr. Reputation 2007 (% of top)Avg. GMAT ScoreAvg. Years Work Exp.
20072006
Chicago GSBUSA5760%7005
Columbia Business SchoolUSA4665%7085
Dartmouth, TuckUSA171625%7105
Duke, Fuqua School of BusinessUSA8846%7005
Harvard Business SchoolUSA11100%7144
Michigan, Stephen M. RossUSA7946%6805
MIT, SloanUSA9341%7105
North Carolina, Kenan - FlaglerUSA153927%6825
Northwestern, The Kellogg SchoolUSA3471%7005
NYU SternUSA111035%7005
Penn.,The Wharton SchoolUSA2289%7136
Southern California, MarshallUSA183323%6855
Stanford University GSBUSA6554%7124
Texas at Austin, McCombsUSA191722%6695
Thunderbird, Garvin USA121234%6105
UC Berkeley, HaasUSA101339%7005
UCLA, Anderson USA132233%7004
University of South Carolina, MooreUSA142530%6404
Virginia, DardenUSA161126%6774
Western Ontario, Richard IveyCanada202119%6605


Table : North America Next 20 (Alphabetical)
School NameCountryRecr. RankRecr. Reputation 2007 (% of top)Avg. GMAT ScoreAvg. Years Work Exp.
20072006
Source: QS TopMBA.com International Recruiter Survey 2007
Babson CollegeUSA38238%6306
Boston University School of Mgmt.USA272811%6645
British Columbia, SauderUSA36-9%6206
Carnegie Mellon, TepperUSA291810%6964
Cornell University, S.C. JohnsonUSA282011%6805
Emory, GoizuetaUSA223517%6905
Georgetown, McDonoughUSA211517%6655
Georgia Institute of TechnologyUSA33-9%6694
HEC MontrealCanada35-9%6106
Indiana, KelleyUSA252915%6455
McGill, DesautelsCanada303610%6505
Minnesota, Carlson USA40-8%6415
Notre Dame, MendozaUSA37269%6575
Purdue, KrannertUSA243015%6613
Queens School of BusinessCanada263713%6616
Texas A&M, MaysUSA39-8%6354
Toronto, Joseph L. RotmanCanada311910%6605
Vanderbilt, Owen USA32-10%6425
Washington U. in St. Louis, OlinUSA34279%6544
Yale School of ManagementUSA231416%7014

Where are the best distance learning MBA courses?

By Ross Geraghty

Run-of-the-mill distance learning MBA courses are popping up all over the globe, so how can you ensure your distance learning program is from a top business school? Ross Geraghty finds out.

best distance learning

It is essential with any top business school MBA course that the candidate finds the best ‘fit’ for them. This involves spending a lot of time and effort considering the study options available. After all, an MBA program is expensive, time consuming and requires a considerable amount of effort to graduate from. This is even more important when considering the many distance learning MBAs on offer. Finding a top business school with a decent reputation is going to be a lot more impressive to employers, due to the numerous run-of-the-mill ‘buy an MBA’ institutions that have emerged in recent years.

School reputation is still one of the most important factors MBA candidates have to consider, and it’s doubly important when you consider that employers are doing exactly the same. If a DL MBA is your choice, try and get a place at the most reputable school that you are eligible for. Make absolutely sure of the accreditation that school has. Talk to alumni and other business schools to try and get a handle on the place that you’re applying to. Try and talk to recruiters if possible to see what their opinions are on the school you’re thinking about applying too.

QS TopMBA Scorecard (www.topmba.com/scorecard) is the first step for thousands of MBA candidates every year. It’s an innovative online tool that allows MBA candidates to conduct a personalized search of business schools all around the world according to their own criteria. It also contains hundreds of distance learning courses and all of them are accredited courses. This is not to say that all other courses are not accredited but it is a seal of approval nevertheless.

There are several ways of narrowing down a search using Scorecard including return on investment, school specializations, strength of faculty and so on. As it’s free and can be used as many times as the candidate chooses, it will provide a shortlist of business schools which will contain some names the candidate may not have considered, and some names that will keep popping up again and again. This can then be followed up by visiting that school’s website and coming to visit a selection of the world’s top business schools at the QS World MBA Tour, which visits over 65 cities around the world.

To be effective, Scorecard requires a little personal data to be input in order to get the best results. Paul Jones (a fictional MBA candidate) is 28 years old. He has five years of work experience in finance and wants to do an MBA in order to get ahead in his career, or perhaps move into marketing. He’s considering doing an MBA but has a young family and doesn’t want to commit to a full-time position. He’d also like to stay at the company he’s in and continue working while studying.

The first search he does on Scorecard is distance learning MBAs by marketing specialization. The top five business schools are:
1) IE Business School (Spain)
2) Warwick Business School (UK)
3) Manchester Business School (UK)
4) Tepper School of Business, Carnegie Mellon University (USA)
5) Thunderbird School of Global Management (USA)

Noting those down he decides to have another go, this time selecting finance as the most important criteria.
1) IE Business School (Spain)
2) Tepper School of Business, Carnegie Mellon University (USA)
3) Tanaka Business School, Imperial College, London (UK)
4) Manchester Business School (UK)
5) S.C. Johnson Graduate School of Management, Cornell University (USA)

Having noted these down as well, and noticing that there is a fair amount of crossover between the schools in both lists, he decides on another approach. This time he’s going to take a look at program strength. The first slider that he prioritizes highlights school reputation with recruiters and he gets:
1) IE Business School (Spain)
2) Thunderbird School of Management (UK)
3) Manchester Business School (UK)
4) S.C. Johnson Graduate School of Management, Cornell University (USA)
5) Warwick Business School (UK)




The London School of Economics and Political Science
Motto: Rerum cognoscere causas
To understand the causes of things
Established: 1895
Chancellor: HRH The Princess Royal (University of London)
Director: Sir Howard Davies[1]
Visitor: The Lord President of the Council ex officio
Faculty: 1,303
Students: 8,810[2]
Undergraduates: 3,860[2]
Postgraduates: 4,950[2]
Location: Central London, England, UK
Campus: Central business district
Publications: The Beaver, Clare Market Review
Colours:













Mascot: Beaver
Affiliations: University of London
Russell Group
EUA
ACU
CEMS
APSIA
'Golden Triangle'
'G5 Group'
Universities UK
Website: http://www.lse.ac.uk/


The London School of Economics and Political Science, more commonly referred to as The London School of Economics or LSE, is a specialist college of the University of London in London, England. It was founded in 1895,[3] and officially joined the federal University in 1900 as the Faculty of Economics, beginning to issue its degrees from 1902. Today it is regarded as one of the world's leading academic institutions and remains a specialist single-faculty constituent college of the University, the only such institution in Britain. Located on Clare Market in Westminster, off the Aldwych and next to the Royal Courts of Justice and Temple Bar, it describes itself as "the world‘s leading social science institution for teaching and research".[4] LSE also has the most international student body of any university in the world today.

The School is a member of the elite Russell Group,[5] the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies,[6] The Association of Professional Schools of International Affairs[7] and Universities UK[8] as well as the Golden Triangle of British Universities, and most recently the 'G5 Group' of Britain's five leading universities.

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