When it comes to choosing business schools, few resources have as much impact as the MBA program ranking. Two of the most respected rankings used by prospective MBA candidates are compiled by magazines: BusinessWeek and US News & World Report. But what does the MBA program ranking really mean?
A MBA program ranking is based on a number of criteria including number of faculty, length of program, reputation based on opinion and judgment of recruiters, academics, and graduates. The real value of MBA program ranking though has yet to be decided. After all, the rankings of top MBA schools are just the subjective assessment of the quality of the school or the program offered.
That isn't to say that the MBA program rankings aren't valuable. An MBA Program Ranking can help you decide between programs depending on what your needs are.
The number of MBA degrees awarded has grown from under 5,000 in 1960 to more than 100,000 MBAs in 2000. Why do these people pursue an MBA? The easy answer is economics. As the economy turns downturn, both recent grads and displaced workers head back to earn their MBAs. Why you should pursue an MBA is a question you'll need to answer for yourself.
If the answer to the question of why you should pursue a MBA deals with your career track, a MBA could be the key into the executive suite. A study conducted by Accountemps, a global temporary staffing service for accounting and finance professionals, found that as much as 80 percent of executives that took part in the survey believe that a graduate degree is essential to assume senior management positions.
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