MBA receives the recognition of being the most remarkable graduate academic degree sought by several students across the globe. This just implies that MBA courses are evaluated to identify the best ones. Apparently, this article will delve into the significant role played by online MBA ratings to the academic life of business professionals.
History outlines that online MBA ratings in early years concentrate on dozens of reputable, large universities and Ivy League, which seemed to neglect the value of other qualified educational institutions offering programs about online MBA. The ratings have expanded, now including the notable MBA courses from more schools as time passed. There are even ratings that come up with separate lists ranking the top 50 MBA courses, but the focus remains on the top 10 or 12 of the list.
The publication of the ratings relies on various ways and methods, which usually come in different means from one issue to another as the interest of the students taking MBAs. Included in the criteria for online MBA ratings are grade point average or GPA, Graduate Management Admissions Test or GMAT score, number of recruiters visiting the schools, salary earned by the graduates, ranking based on weights assigned to the criteria used by prospective students who are in search for MBA courses that exactly fit to their qualifications. It notes that the ratings are attained through surveys or interviews with the deans of the MBA schools, graduates, employers, and student recruiters of firms employing MBA graduates. Among the periodicals and other publication sources that provide online MBA ratings include “US News and World Report,” “Bloomberg’s Business Week,” “The Wall Street Journal, ”The Economist” and “Forbes.” Each of these programs publishes lists of MBA courses showing how the schools provide MBA degree ranking against one another.
It is observed that most ratings of the publications have the same group of schools mainly because they have similar methods in ranking the schools, the difference here is that they are not listed in same order. Among the usual schools found in the list are the University of California in Berkeley, Harvard University, Massachusetts Institute of Technology (MIT), The Wharton School at the University of Pennsylvania, The University of Chicago, and Stanford University. The rankings indicate the strengths and weaknesses of each university on review, rather than putting emphasis on schools included in high ranks. It can be noted that MIT excels when it comes to quantitative courses, Wharton in financial matters, and Harvard excels in the use of teaching’s case method.
Meanwhile, research conducted by Dr. Martin Schatz suggests that the list of MBA schools is similar to the rankings conducted through costly surveys and interviews by publications that do publish MBA ratings.
All in all, whether one university is at the top of the other, it really does not matter as students need to look into the significant characteristics required for an MBA student, instead of considering the top schools with high online MBA ratings to which qualified students may enroll.