MBA Ranking?

Discussion in 'Business and MBA degrees' started by TEKMAN, Mar 22, 2019.

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  1. TEKMAN

    TEKMAN Semper Fi!

  2. SteveFoerster

    SteveFoerster Resident Gadfly

    Of course they're subjective. How they're ranked depends on which ranking criteria you include and what weight you assign each of them.
     
    JBjunior and chrisjm18 like this.
  3. FTFaculty

    FTFaculty Well-Known Member

    You could base the rankings on anything at all. And you can manipulate the daylights out of rankings. Schools, which hammer students for dishonesty, are oft populated by administrators who lie like carny barkers when it comes to manipulating their admissions rates or student retention rates or employment after graduation rates or faculty publishing impact or whatever needs to be manipulated to climb the rankings. I've heard stories of admissions committees at good but not quite elite schools who, having a pretty good idea a student was using them as a "safety" and was certainly going to get admitted to a higher-ranking school, would reject the student so they could drive down their admit rates and make themselves look more selective than they really are. An editor-in-chief of a journal who used to be a friend (but with whom I've since had a major falling out, and am glad to be rid of them, ahem) once asked me if I could submit an article or two that I had sitting around to their journal so they could reject them and artificially reduce their acceptance numbers. This happens all over academia.

    My experiences with some academics are why I have become deeply skeptical of the "consensus among academics" often cited to prove up some point in sociology or science. I've seen too much sausage made and known too many liars, nutty ideologues (who would make the average uber-fundamentalist, King James-only, hate-spewing, crackpot preacher blush at their closed-mindedness and tyrannical demands for conformity) and unethical scoundrels in academia to believe the party line anymore. There are also a lot of fine people in the academy. But they generally lay low and go about their business.
     
  4. sanantone

    sanantone Well-Known Member

    There's one big problem with these comparisons. Three of these are global rankings. The U.S. News ranking is for the U.S., so it does not include foreign business schools. In the global rankings, there's some jumbling around, but the top 20 schools are mostly the same. Honestly, not to sound harsh, but I would say this is a poor way to demonstrate how subjective rankings are. Harvard, Insead, Northwestern, University of Chicago, University of Pennsylvania, Columbia, IESE, etc. in the top 20 in all these rankings? There are no surprises here.
     
  5. SteveFoerster

    SteveFoerster Resident Gadfly

    There's nothing like a career in higher education to give one a healthy disregard for expertise.
     
    Maniac Craniac likes this.
  6. FTFaculty

    FTFaculty Well-Known Member

    I'll say!
     
    Maniac Craniac likes this.
  7. TEKMAN

    TEKMAN Semper Fi!

    I am hunting for an MBA that possible leading to make 7-figures; however, these rankings seem to be really shady.
     
  8. FTFaculty

    FTFaculty Well-Known Member

    You look young enough, so what you do is get 700+ on the GMAT, have grades in the 3.8+ range, then bite the bullet, go a couple hundred thousand in debt, and go residential at one of these schools: Harvard, Wharton, Chicago, Dartmouth, UC-Berkeley, Stanford, Michigan, Northwestern, Duke, MIT, Columbia, Yale, or Cornell. Get the MBA, making tons of contacts along the way and blowing recruiters away with your math-whiz brilliance, then get into investment banking and do a bang up job there. If you're really good, in time that will get you to seven figures (I get seven figures also, but it takes me a little over 10 years to get there).
     
    Last edited: Mar 26, 2019
    Maniac Craniac likes this.
  9. TEKMAN

    TEKMAN Semper Fi!

    I wish that could be an option, but I am a full-time single parent with two little kids. I am moving to Orlando this summer, so I am applying for an Executive MBA program at the University of Florida. If I am denied for the admission, then I am going to apply for the Global MBA at Imperial College's Business School. If that does not work out; another option I am looking is the Ph.D in Management with research in Technology and Financial Markets at the University of Leicester.
     
  10. nyvrem

    nyvrem Member

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  11. sanantone

    sanantone Well-Known Member

  12. TEKMAN

    TEKMAN Semper Fi!

    The reason I am saying they are shady because different publishers rank the school differently. Sometimes, people have been making six-figures before they even get into business school. For example, my annual combined incomes are $210k. Because I am continually seeking self-improvement, so I am looking for a program that is potentially leading to make seven figures.
     
  13. sanantone

    sanantone Well-Known Member

    Yet, most of the lists are very similar. As I pointed out above. Most of the top MBA programs are the same; there are just minor differences in order.

    There is no program that can guarantee seven figures. There's no program that has most of its graduates making seven figures. Most people making seven figures are entertainers, investors, and entrepreneurs many of whom had luck on their side or wealthy families. Some are extreme savers who accumulated wealth over decades. An MBA program can't teach you that. In 2016, earning over $300k put a person in the Top 1%, so earning seven figures would probably put a person within 0.5%.
     
  14. RFValve

    RFValve Well-Known Member

    You seem to have enough education and good salary, what about just enjoying life? You seem a young fellow but time goes really fast, I would suggest just investing more time with your family and do things that you like to do. At the end of the day, we are mortal, either you die with 2 million in the bank or 100 dlls, it doesn't really matter so maybe is time to just enjoy your life and your family. Just a thought.
     
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  15. Kizmet

    Kizmet Moderator Staff Member

  16. JP007

    JP007 Member

    So many rankings, so little time...

    Ask students / alums in the 'top' US programs and the general consensus I hear for US schools it's business week and US news, everything else is irrelevant. Poets&Quants has a pretty good amalgamation of rankings in their annual review, which includes a few others.
     
  17. GregWatts

    GregWatts Member

    Tekman,

    Making 7 figures is largely a function of luck. Luck increases with a network of connections (think Ivy or local school with great connections) but one could arguably create this without a degree. That being said you may want to reflect upon why making 7 figures is so important to you.
     
  18. SteveFoerster

    SteveFoerster Resident Gadfly

     
    Maniac Craniac likes this.
  19. GregWatts

    GregWatts Member

    Ben appears very happy and well adjusted in this clip :)
     

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