BusinessWeek releases long awaited 2008 B-School Rankings
BusinessWeek releases their B-School ranking every two years. Usually released in October, this slightly delayed release has included some great articles that review the state of MBA applications and how recent MBA grads are having a crazy time in their pursuit of financial careers. See the rank.
The lead article for the rankings titled, "Crisis Hits the Business Schools", is a dark description of just how bad the job situation is in the finance sector for MBA grads. For example, B-Schools job postings are down by as much as 10%. With MBA Applications drastrically spiking this year and the recruiting side dropping, the MBA appears to be a difficult sweet and sour dish to be eating right now.
This must have been a very difficult topic to report on. Listen to the behind the scenes audio podcast to find out just how difficult.
MIT's Business School Dean also chimes in on the MBA outlook. Check it out.
Comment on the rankings: It's important to remember that the focus of the BusinessWeek rankings was to survey students and corporate recruiters and measures intellectual capital.
There are a few eye openers in the rankings. The following schools made it into the 1st Tier rankings: Southern Methodist (Cox), Brigham Young (Marriott), U. of Washington (Foster) and Georgia Tech.
On the other hand, Georgetown (McDonough), Michigan State (Broad), Purdue (Krannert) and Rochester (Simon) fell down into the pool of 2nd Tiers losing all sense of overall ranking.