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Friday, October 13, 2006
Follow-up to the BusinessWeek Ranking release
This follow-up article that discusses the rankings in more detail was very informative in that one is able to get an insiders look into why the rankings came out the way they did. The article below is a brilliant journalistic piece that I couldn't stop reading. (See below)BUT!!!! The biggest inside scoop was the audio podcast that was released yesterday. The editors shared quite a bit about their experience with rankings and also what some schools are really like which is info that one doesn't normally hear. As I realize not everyone has an iPod or is familiar enough with technology to listen to it, I found a way to listen to the podcast online.
To hear the BusinessWeek Audio Podcast, just click the play button below(be patient and wait about 10-15 seconds for the audio to start. I made it available at my new web site.-By the way, the web site isn't up yet. I've only made this audio file available for listening on it for now.)
Note: If you are using Internet Explorer, just ignore the security message as the audio will begin playing after a few seconds. This player does not directly download the audio file to your computer.
BusinessWeek 2006 Rankings behind the scenes Podcast (Listen now online)
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To download this podcast into itunes open iTunes, select the Advanced Menu and choose "subscribe to podcast". Then copy the rss link below into the pop-up box and click "OK". (This is the subscription of the BusinessWeek cover story podcast series. So if you're reading this some time after this is posted, you'll have to go to iTunes, scroll down the list of cover story podcasts and click "get" to download this particular podcast)
http://www.businessweek.com/search/podcasts/cover_stories.rss
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The Best B-Schools Of 2006
Our exclusive survey ranks the top MBA programs by measuring student and recruiter satisfaction. And, for the first time, Chicago came out on top.
Preete Gandhi needed more immediate gratification. Researching new cancer medicines at Pfizer Inc. (PFE ) was important work, yes. But she knew bringing a new drug to market could take more than a decade. So in 2002, Gandhi, then a 26-year-old chemistry graduate from Ohio State University, began planning for a business career. An MBA seemed a logical first step, and the University of Chicago Graduate School of Business, with its outsize reputation and world-class faculty, looked like a good bet.
The school did not disappoint. When she arrived, Gandhi found a new building that included an Italian-style piazza where students and faculty congregate and swap ideas. And a spark plug of a dean named Edward A. Snyder was busily figuring out ways to challenge students as they had never been challenged before. One of the aspects of the Chicago program that Gandhi appreciated the most was the opportunity for first-year students to take advanced courses, allowing less experienced students like her to get more attention in the introductory classes. Gandhi selected finance, strategy, and marketing classes, which allowed her to prepare for a summer internship at Abbott Laboratories (ABT ).
Before entering the Chicago program, Gandhi's knowledge of finance was limited to balancing her checkbook. By the time she left, she was skilled enough in the finer points of finance that she received lucrative offers from Abbott Labs, Deloitte Consulting, and Washington Mutual (WM ). She ultimately accepted a position as senior financial analyst at Microsoft (MSFT ), where her compensation is about $100,000, double what she was making at Pfizer. Says Gandhi: "If I can come in as a scientist and leave working in finance for a tech company, that's a statement in itself."
It also helps explain why Chicago, for the first time, has vaulted to the top of BusinessWeek's 2006 biennial survey of the world's best business schools. Chicago has always held an esteemed place in the BusinessWeek rankings, landing in the top five a half-dozen times since the rankings began in 1988. After all, the B-school has an award-winning faculty that includes a winner of the MacArthur "genius" grant, Kevin M. Murphy, and two Nobel prize winners, plus an alumni network that includes the former chief executive officers of Goldman Sachs, Morgan Stanley, and Merrill Lynch. But its reputation with students has always been uneven; the school scores high with those seeking a rigorous analytical program but low with those looking for an emphasis on teamwork. Snyder's reforms, which include weekly breakfasts with students and improved support services for them, seem to have made the difference.
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