Masters in Management Rankings 2017
With global competition growing each day, students around the world are thinking harder than ever about how to choose the best school which will help skyrocket their career chart.
Rankings, one of the most widely used source of information to decide upon which school to study in. There are multiple world university rankings available – with the best-known for Masters in Management Rankings being the QS World University Rankings, The Economist Rankings and the Financial Times Rankings. Each of them use a different methodology. This can sometimes get confusing.
To put an end to this confusion, we have compared the latest edition of all these three rankings and identified aspects of each that make them distinctive. By the end of this article, you will have a better understanding of each of these rankings, and which one you should follow as per your needs.Hence, making you choose a university even easier!
Why are Masters in Management Rankings popular?
Rankings are highly popular amongst prospective B-School students looking for pursuing Masters in Management program. They are appealing as they provide a clear picture of schools and their position in a highly complex marketplace. As it takes into consideration diverse factors and information from a variety of sources, it is one of the most reliable source of information. The trust upon these rankings is so much that most students across the world solely rely on them to decide upon their career-changing schools even without paying a visit to the campus.
Why is it important?
A good school can help you kick-start your career. But how will you decide, which is a good school? There are more than _____ number of schools, and ___ number of programs. In such a complex market structure it would be next to impossible to get all the details to analyze as to which school is better. Which school will add more value to your career? How do companies view the school?
The Masters in Management Rankings is based on quantitative data, such as graduation, placement, salary numbers, class diversity. while other information is more qualitative—survey feedback from recent graduates, established alumni, job recruiters, and business school personnel. It also includes some components of the value proposition such as language acquisition, knowledge and employment prospects. This makes the school rankings so popular among students.
What’s the problem?
- Different ranking
Each of the rankings has different methodologies. Some broadly base their rankings on measurements of student numbers, diversity of faculty and students, etc, others are significantly influenced by an opinion poll of faculty and other researchers around the world.
Each one of the major university rankings for Masters in Management rankings: Financial Times, Economist and QS, consider a certain percentage of some of the categories, such as academic reputation, graduation rates, research citations and papers published, internationality of faculties and students, employer reputation, student to faculty ratio and so on, to calculate good the final score and rank of a university. However, weight-age on each of them different for each ranking. Moreover, no ranking will include all the factors mentioned above. all the markers mentioned above. Hence its difficult to decide which of the three major rankings to follow.
- Qualitative ones are subjective
Well, most of the prospective students are usually looking for value. While some of the factors are quantitative, some important factors are immeasurable. Parameters such as Academic reputation, Students/alumnus rating of culture and classmates, Alumnus rating of the alumni network, research impact career progress and so on. These are some of the important parts of selecting a good university.
Hence, there is no one best Masters in Management rankings list. This, instead of helping a student, rather leaves them confused as to which ranking to follow.
To put an end to this confusion, we have analyzed each of the rankings and help you understand which ranking would be best for your need.
3 Major Publications
Here is a valuable screenshot of all the major parameters used to measure their MiM Rankings by the Financial Times, The Economist, and QS
Each of these ranking publications uses their own methodology to assign weights to various indicators. The greater the weight, the greater impact it will have on determining a school’s ranking.
Here are some distinct parameters of these rankings
|Language courses Available||2.5||1|
|faculty with PhD||2.5||3.3||6|