Bloomberg Businessweek has just announced the 2014 edition of its influential biennial MBA rankings, and boy are there changes afoot! Business school rankings are normally only interesting when there are big changes, and the folks at Businessweek did not disappoint this year.
Here are Bloomberg Businessweek’s 2014 rankings of the top 25 business schools in the U.S., followed by our analysis of what’s changed:
1. Duke (Fuqua)
2. Pennsylvania (Wharton)
3. Chicago (Booth)
7. Northwestern (Kellogg)
9. Michigan (Ross)
10. Carnegie Mellon (Tepper)
11. UCLA (Anderson)
12. North Carolina (Kenan-Flagler)
13. Cornell (Johnson)
14. MIT (Sloan)
15. Dartmouth (Tuck)
16. Indiana (Kelley)
17. Maryland (Smith)
18. Emory (Goizueta)
19. UC Berkeley (Haas)
20. Virginia (Darden)
21. USC (Marshall)
22. NYU (Stern)
23. Texas at Austin (McCombs)
24. Georgetown (McDonough)
25. Rice (Jones)
Winners in This Year’s Rankings
There’s no doubt that they’re partying down in Durham today, as Duke’s Fuqua School of Business has taken over the #1 spot in Businessweek’s rankings for the first time, knocking previous champ Chicago Booth down to #3. Columbia also had a huge day, climbing eight spots from #13 to the fifth slot.
It’s hard to top Duke’s big day, but if anyone is even more excited than Team Fuqua, it may be the folks at Yale SOM, which climbed a whopping 15 spots, jumping from #21 all the way to #6. No doubt the student body in New Haven is feeling energized by the school’s new building and the leadership of new dean Ted Snyder.
UCLA Anderson also had a terrific day, climbing from #18 all the way to #11. UNC’s Kenan-Flagler was just a smidge less successful, jumping from #17 to #12 in the new rankings.
Losers in This Year’s Rankings
We already mentioned Booth, which lost the top spot this year, although there’s no real shame in being ranked the third best business school in America. Among business schools in the top ten, Harvard is smarting from a six-spot drop from #2 down to #8. And Kellogg fell out of the top five, drooping two spots to #7.
Looking a bit further down the list, Cornell’s Johnson School fell out of the top ten, dropping from 7th place down to 13th place. MIT Sloan had a similarly bad day, falling from ninth place to the 14th spot.
How Businessweek Ranks the Business Schools
Bloomberg Businessweek uses three data sources for its rankings: It relies on a survey of student satisfaction (which is given a 45% weighting), a survey of employers who hire those graduates (45%), and a measure of the faculty’s clout, judged by how much the faculty publishes in academic journals (10 percent). You can read about Businessweek’s ranking methodology in more detail here.
So, remember that these rankings are largely a measure of how happy MBA students are with their schools, and how happy employers are with the grads that the schools turn out. This is no better or worse of a methodology than any other, but keep that in the back of your mind as you consider whether any school really just got better or worse than 10 other top-ranked U.S. business schools.
You can read more about 14 of the the most competitive business schools in Veritas Prep’s Essential Guides, 14 in-depth guides to the most elite MBA programs, available on our site. If you’re ready to start building your own MBA candidacy, call us at 1-800-925-7737 and speak with an MBA admissions expert today. And, as always, be sure to find us on Facebook and Google+, and follow us on Twitter!
By Scott Shrum.