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Financial Times ranks Broad School 34th among U.S. schools
Financial Times recently released its 2009 ranking of full-time MBA programs, ranking the Broad School at 34th among all U.S. schools and 63rd globally.
The criteria used in this ranking are grouped into three main areas: alumni salaries and career development, the diversity and international reach of the business school and its MBA program, and the research capabilities of each school. Forty percent of the overall ranking score is determined by alumni salaries - only one aspect of alumni satisfaction with their MBA experience. Although high salaries are desirable to some who enter MBA programs, many Broad School alumni indicated that their "aims" were achieved (ranked 26th in the U.S. and 36th in the world in "aims achieved rank"), and they overwhelmingly said they would recommend the program to others (ranked 16th in the U.S. and 22nd in the world in "alumni recommend rank").
In addition, the Broad School placed 3rd out of all of the business schools in the world in "Placement Success" and has consistently placed among the top four schools in this category since 2001. The bottom line is that Broad School graduates are finding jobs - jobs they like - and they're happy about their experience here.
In a separate ranking by academic area, the Broad School was ranked 1st globally in "Best in Industry" (operations, logistics, supply chain management), based on alumni recommendations. Purdue University (Krannert) and Carnegie Mellon University (Tepper) were ranked 2nd and 3rd, respectively, in this category.
This year's Financial Times ranking also shows that it can truly be a challenge to make sense of rankings in general. While Financial Times ranked the Broad School 14th in the U.S. and 55th globally in "value for money," BusinessWeek recently ranked the school first in "return on investment." Given this stark contrast, it's important for students and alumni to remember that the strength of an MBA program is in how it fits individual student needs, regardless of rankings.
For complete 2009 ranking information, please visit the Financial Times Web site at http://rankings.ft.com.