Several business schools skip the top rankings for the Economist and the Financial Times’ best business school.
The universities that usually top the list are Harvard business school, the University of Pennsylvania’s Wharton School, Columbia Business School, and the Stanford Graduate School of Business, which have recently opted out due to the pandemic situation.
Due to this Covid situation, the schools weren’t able to gather the details required for the ranking. There are plenty of schools that weren’t recognized earlier; those schools show good rank in the recent order. This may draw interest from various new students.
According to the statistics, more than 60% of programs plan to participate, and nearly 10% don’t intend to cooperate with the published list this year. The business schools’ admissions officials did this survey by Kaplan, the Graham Holdings Co’s education subsidiary.
Dozens of highly ranked schools decided to skip this ranking. The management made a statement that it takes time to collect data, which is an additional burden during this pandemic.
The spokesman from Stanford said that this survey would impact the students and alumni during these stressful times.
On the Economist’s list, the IESE Business School in Spain has moved up nearly nine spots to gain the No. 1 place. University of Michigan’s Ross School of Business, New York University’s Stern School of Business, and Georgia Tech’s Scheller College of Business are the remaining top five.
The ranking is based on the proprietary weighting of information, from test scores to surveys of alumni satisfaction with education and job prospects. Some schools have opted out of this ranking system.
The top business schools such as Harvard, Stanford, and Columbia said they participated in the US news report published in March.