Friday, January 11, 2008

Wall Street Journal MBA Rankings 2007

Annually, the Wall Street Journal and Harris Interactive conduct a survey of corporate recruiters. Based on the responses of corporate recruiters, a list of the top MBA programs both in the United States and Internationally is put together. Schools are ranked based mainly on the corporate recruiters ratings of 21 different attributes of the school. Recruiters intentions to recruit from the school in the future and the number of companies hiring a large number of the Schools grads outside of the US are also factored into the rankings.

Overall, three Canadian schools rank in the top 25 International Schools according to WSJ/HI. The top ranked international school is ESADE which is based out of Spain. It's not very surprising to see which three Canadian schools cracked the top 25 - Rotman, Ivey, and Schulich.

Rotman MBA Ranking
2007 - 25
2006 - 24
2005 - NR

Ivey MBA Ranking
2007 - 12
2006 - 9
2005 - 6

Schulich MBA Ranking
2007 - 11
2006 - 13
2005 - 15

As you can see, Schulich is currently the top ranked school in Canada according to the Wall Street Journal, just ahead of Ivey with Rotman in 3rd. Unlike the Financial Times Rankings, which take into account a large number of factors, the WSJ rankings are based mainly on responses from corporate recruiters.

On one hand, it would make perfect sense to rely on recruiters rankings, because most students going to a business school are looking for rewarding and high quality jobs upon graduation. Graduating from a school that is well liked by recruiters would obviously increase your chances of landing a top position.

That being said, relying on the opinion of recruiters does have some drawbacks. Recruiters may be somewhat biased based on their past experiences with one or two students from a school, may favour their Alma mater, or the recruiters surveyed may not be recruiting in the specific industry that a school specializes in. Also, from a Canadian schools point, the number of graduates being recruited outside of the US is included, so if your from Rotman or Ivey and can take a position in the United States, that would actually hurt your schools international ranking in the WSJ survey.

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