Whether you want to be a leader in your organization or start a new business from scratch as an entrepreneur, an MBA can give you the skills and connections you need to launch your career into the upper echelons of the business world. Where does your MBA application stand, and what kind of MBA program will you be eligible for?
What’s useful about MBA program rankings?
The top MBA program rankings may be somewhat of a “wish list” for most applicants – something to dream about while you’re just getting your start in the business world – but a listing of MBA school rankings will also give you a general sense for what type of numbers (GMAT score, GPA, acceptance rate, employment rate after graduation) will get you admitted to a good MBA program.
Discovering that you will need a 3.999 GPA and three years of experience as a Junior Executive at …Bear Stear… nope… Washinton Mu…not there either… Goldman Sachs to even have a chance to get into Harvard or Stanford can be very educational because it shows you how your own achievements line up with the applicants to the top MBA schools. The MBA program rankings show you where you stand, and show you what to aim for when you begin applying to MBA schools.
(Aside: Do you really need to go to one of the top MBA programs to succeed in business? The new way to select an MBA school.)
MBA School Rankings:
There are several reliable publications that put out a yearly ranking of MBA programs. The most prolific MBA school rankings are published by:
- US News
- Business Week
- The Financial Times,
- The Economist
Take a look at each of the MBA rankings published by these organizations to get a general sense for the MBA school landscape. Pay attention to the number of MBA students admitted each year, the average undergraduate GPA, and average GMAT score for the students admitted to each MBA school. You will begin to get a general sense for the kinds of MBA schools that you will want to apply to when you are ready to being compiling an application.