Businessweek ranks school number 18
The School of Management sprinted into the top 20 undergraduate business schools nationally in the latest Bloomberg Businessweek rankings, leaping 13 spots to number 18.
It’s the highest position ever given by the magazine to SMG, which just three years ago placed 43rd, and it marks “a remarkable rise,” says Steven Davidson, the school’s director of learning assessment and research.
Businessweek, which ranked 124 schools nationally, lauded SMG’s academics and cited employers’ growing awareness of its quality.
“They earned top marks in the areas of business students with internships (86 percent) and hours of time spent on class work per week (15.5),” a magazine spokesman says by email. The rankings are based partly on comments from students, who “specifically mentioned the required Core program as a high point, as well as the strength of business faculty,” the spokesman says.
“We are very pleased with the rankings improvement, which recognizes the work of SMG’s team of talented faculty and dedicated staff,” says Kenneth Freeman, Allen Questrom Professor and Dean of SMG. “This represents an important step for the school as we strive to become one of the world’s elite business schools.”
Besides surveying students, the magazine polled 257 employers on the quality of the schools’ graduates, curricula, and career services, says Davidson. It also compared schools on the number of graduates they funnel into top MBA programs and on the starting salaries of graduates.
“It is very satisfying to see the progress of our SMG faculty and staff being recognized by the increased satisfaction of our students and their future employers,” says University President Robert A. Brown.
SMG, celebrating its centennial next year, ranked 37th among MBA programs in the most recent U.S. News & World Report compilation. Its evening MBA program placed first among local Boston schools and 25th nationally, up 7 notches from last year.
By Rich Barlow
Boston University School of Management Advances to 18th in Undergraduate Bloomberg Businessweek Ranking
Academic Quality Advances to 12th
March 22, 2012 – Boston University School of Management placed 18th overall in the Bloomberg Businessweek ranking of United States undergraduate programs, an improvement of 13 positions from last year. This is the highest placement the School has ever received and represents the fourth consecutive year of improvement in the ranking.
The Bloomberg Businessweek ranking is based on the following elements: Student Survey Results (30%); Recruiter Survey Feedback (20%); Academic Quality Measures (30%); MBA Feeder Rank (10%); and Starting Salary (10%).
The strong ranking reflects continuing gains in external recognition of the quality of the School of Management’s undergraduate program and its graduates.
The School’s Academic Quality ranking rose 19 positions to 12th overall, demonstrating the high quality of the most recent entering class and other academic measures.
Graduates of the program enroll in top MBA programs, reflected in a rise in the MBA Feeder rank to 21st, and are highly sought after by employers, represented by an advance of 19 places to 29th in the survey of corporate recruiters.
The School has embarked on a compelling strategy to develop the next generation of leaders that will create value for the world, through impactful research and exceptional teaching. As the School’s centennial year approaches in 2013, a number of innovative curricular changes will be implemented, building on the current distinctive nature of the undergraduate program.
March 13, 2012–Boston University School of Management placed 37th overall in the 2013 U.S. News & World Report ranking of graduate business schools. The ranking is based on overall academic quality of the MBA program, employment success, the academic quality of entering students, and peer and recruiter ratings.
The School of Management’s Professional Evening MBA program was again ranked #1 in Boston, and rose seven positions to place 25th in the nation. Part-time MBA rankings are based on measures of academic quality and peer ratings from business school deans and MBA program directors at each of the nation’s accredited 326 part-time MBA programs.
BU School of Management’s peer assessment scores, which are determined by business school deans and directors, increased for both the graduate school ranking and part-time MBA ranking. This demonstrates external recognition of the School’s focus on research and innovation in teaching.
U.S. News & World Report also republished the Healthcare Management Ranking, where Boston University remained 11th overall.
The School of Management continues to implement a bold strategic plan pursuing excellence in three industry sectors–healthcare, digital technology, and energy and the environment–in addition to the traditional management disciplines.
According to Dean Ken Freeman, focusing on these three sectors will further enhance the School’s capabilities across the core management disciplines (accounting; finance; information systems; marketing; markets, public policy, and law; operations and technology management; organizational behavior; and strategy and innovation). “Our students will gain a comprehensive understanding of the management disciplines and how they interrelate, and working knowledge of the three sectors that are transforming the world. As a result they will be very well informed, highly employable, and ready to make a difference to create immediate value for the world.”
Boston University School of Management placed 36th in a weighted composite ranking of US business schools released by Poets & Quants, an influential website providing analysis of premier global business schools. The Poets & Quants report was consistent with recent rankings by leading publications, including Bloomberg BusinessWeek and US News & World Report. The School of Management trailed only Harvard and MIT in the Boston area.
Two internationally focused business school rankings were also recently announced.
Boston University School of Management was ranked 39th in the United States and 77th internationally in the Financial Times 2012 Global MBA Rankings. This ranking is one of the most internationally diverse of all MBA rankings and is largely determined by a survey of full-time MBA alumni, which accounts for 59% of the ranking placement. The most significant component of the Financial Times ranking utilized self-reported salary information from 2008 alumni, only a partial reflection of the current environment, as our recent 2011 graduating class reported strong employment outcomes. The ranking methodology relies on self-reported alumni data, which also causes wide variations in positioning, with 1 in 4 schools experiencing double digit moves, up or down, in the 2012 ranking.
Boston University maintained a strong placement of 39th in the world in CNN Expansion’s annual ranking of Global MBA programs. This ranking takes into account various measures of student quality, faculty research, and school positioning in the Mexican market.
As the School of Management deploys wide ranging innovations in support of our strategic vision, Creating Value for the World, we expect continued positive recognition from the media, alumni, and the broader business community.
5% Gain Expected in Undergrad Placement; 6% Salary Gain for MBA Grads.
The Boston University School of Management Feld Career Center (FCC) announced continued strong employment numbers for the full-time MBA and undergraduate classes of 2011.
Jim O’Neill, Assistant Dean for the FCC, is cautiously optimistic about the economy. He reports that “87% of our full-time MBA students were employed within three months after graduation. We are seeing signs of an improving economy as more companies are visiting campus and are posting positions on our MBA CareerLink system.”
The average base salary, signing bonus, and other compensation of those responding this year totaled $102,006 (a 6% increase over the 2010 MBA class).
“Each year, the career center staff and I endeavor to exceed 90%, consistent with the placement rates of other top tier schools.”
The undergraduate news is excellent as well, O’Neill added. “We’re in the process of finalizing the undergrad employment stats which are the highest they have been in years. It appears that we will be at the 90% employment mark, 5% better than last year.”
NOTE: BU School of Management reports employment and salary data in compliance with the MBA Career Services Council Board requirements for dissemination to media that publish business school rankings.
Boston University School of Management has been ranked 30th in the US and 49th globally by The Economist in the 2011 Full Time MBA Ranking, an annual survey of full-time MBA programs.
The ranking is based on four factors that the Economist Intelligence Unit identifies as the primary reasons students pursue an MBA: to open new career opportunities (weighted at 35 percent); for personal development and educational experience (35 percent); to increase salary (20 percent); and to build a professional network (10 percent).
Landing the 4th position in the Diversity of Recruiters category, the School of Management’s ongoing relationship with a varied recruiter base continues to be a differentiator. Boston University also ranked 22nd in Student Diversity and 24th in Breadth of Alumni Network.
According to the 2011 Forbes Best Business School Rankings, Boston University School of Management alumni reported a $15,000 increase in their current post MBA salary to $116,000 since 2009, the last time the ranking was released. Overall, Boston University placed 61st.
This is Forbes seventh biennial ranking of business schools and is based on the return on investment achieved by the graduates from the class of 2006. The methodology uses alumni pre and post MBA salary, salary progression, cost of the MBA, and income lost while completing the MBA. All data is gathered through a survey of 16,000 alumni at more than 100 schools.
Read the complete ranking here.
Boston University’s Executive MBA Program has been ranked 20th globally and #1 in New England according to The Wall Street Journal’s 2010 survey of top EMBA Programs.
The 2010 Wall Street Journal ranking of Executive MBA programs was compiled by surveying thousands of students and hundreds of companies about the quality of EMBA programs and how well they deliver on improving management and leadership skills.
” The ‘real world’ experience of the professors was evident. Their advice and guidance is consistent with the current business world.”
–Recent EMBA Alumnus
The Wall Street Journal’s Executive MBA rankings are based on three components: a survey of recent EMBA graduates (BU placed 14th), a survey of companies familiar with EMBA programs (BU placed 27th), and surveys of recent graduates and companies to determine how well schools impart crucial management and leadership skills (BU placed 18th). The BU EMBA program placed in the top third of reported survey elements, including Program Quality, Faculty Quality, Classmate Quality, and Immediately Applicable Coursework. The BU EMBA program also had the sixth lowest total program cost overall and the lowest tuition of all U.S. private universities listed.
“We are proud to offer a very high quality, economical Executive MBA Program for our students, and heartened by the satisfaction of our EMBA alumni,” said Kenneth W. Freeman, Allen Questrom Professor and Dean of Boston University School of Management.
“Students are able to provide immediate value to their organizations by being exposed to a rich management curriculum specifically designed for executives, while gaining perspective from classmates in diverse industries,” said Janice Dolnick, Director of BU’s Executive MBA Program.
For additional information about the BU Executive MBA Program, please visit www.discoverBUEMBA.com.
Full coverage of The Wall Street Journal’s EMBA Rankings can be found here.
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