Business school rankings provide helpful information for comparing top MBA programs and making it easier for you to apply. But, can they still provide you with what you are looking for in business school studies. Is looking at rankings enough to help you make an informed decision about which schools are best for you?
While applying for B- schools, applicants have their preferences based on their suitability, such as the school's reputation, potential wage increase, research quality and quantity, how strongly alumni advocate the program, and so on. Furthermore, there are numerous other factors to consider, such as the location, program structure, program suitability, etc.
Covid’s effect on Business Schools
Business is adjusting to the new age as Covid-19 swings into a different phase after two challenging years. While the pandemic did not completely revolutionize everything, it hastened change for MBAs. Technology has aided the transition to remote working in the workplace while also forcing employees to adapt to management from afar.
Considering all the data, one can conclude that the MBA rankings should reflect the new priorities. Online and blended learning have provided continuity and improved accessibility despite limits on travel and in-person classes. As a result, the carbon footprint connected with schooling has been lowered marginally.
However, the shift to digital has raised concerns about how to provide high-quality internships when they are conducted remotely, how to provide exposure to different countries and corporate cultures, and how to foster friendships and teamwork that will help build strong future alumni networks.
What other aspects to consider in rankings?
The FT Global MBA rankings attempt to represent these varying priorities providing a more comprehensive selection of providers for prospective students, recruiters, and faculty to compare, including on outcome indicators like wages.
Another increasingly common request is for education to focus on values and purpose, especially the growing importance of sustainability in the face of climate change. The FT wants to reduce the significance assigned to pay in future rankings to reflect these priorities considering alternative factors. Your valuation will take you so far anyway!
Also read: What are the deal-breakers for candidates looking for a job after an MBA?