MBA rankings are the pointer of the quality of the MBA programs that one university or college offers. The MBA ranking systems are a very effective system that judges the MBA programs of each university and then aligns them in a list that is available for everyone MBA . Being on the top of a ranking list is very important for the school’s reputation.
The MBA ranking systems are a guide to the future students. If a certain school is on the list of the schools that have the best MBA programs it affects the reputation of the school in a positive way. There are a lot of criteria used to rank all the schools and put them in the right place. In the process of MBA ranking, there are questions that need to be answered and then need to be compared. The school that fulfils all the criteria will be in the highest position.
MBA ranking lists are updated every year. This ranking is conducted by agencies like the U.S. News and World Report, the US MBA rankings- FT, the Computer World’s Top 25 Techno MBA’s. The process of evaluation includes both part-time and full-time MBA programs. One of the criteria for ranking the MBA programs is the school’s reputation. The percentage of students that find a job after graduation is also an important factor in the MBA ranking list. Other criteria are the GMAT scores, salaries and bonuses, academic reputation, rating of research and a few more. Part time MBA programs have some different criteria of comparison, like the program directors and the deans of the business schools. There are some schools that disagree with this method of ranking but find themselves on the top of the list.
The MBA degree is one of the most desirable degrees that a working professional can acquire. While acquiring the diploma, one gets acquainted with the latest management practices and learn skills that are essential to having a career success. There are different MBA programs for different areas of business, like accounting, marketing, finance, human resources, operations management etc. Every business school has different admission policy.