Posts Tagged ‘Forbes MBA Ranking’

GLOBAL MBA RANKING 2012

Tuesday, July 17th, 2012

International Master of Business Administration (MBA) rankings are generally accepted as an important part of the selection criteria for prospective MBA students. In recent years, rankings of top business schools and universities have been highly publicized and debated. There are numerous MBA and business schools ranking worldwide. Some of the more respectable MBA ranking publications include:

 

  • Financial Times
  • US News and World Report Top Business Schools
  • Forbes MBA Ranking
  • THE Wall Street Journal EMBA Ranking
  • QS Top 200 Business Schools – Europe Ranking
  • QS Top 200 Business Schools – Asia Pacific Ranking
  • Graduate Management Association of Australia (Star rating)
  • Business Week Top MBA Ranking 2009
  • ASPEN GLOBAL 100 – Green MBA Ranking
  • Academic Ranking of World Universities , ARWU

 

How does most MBA Ranking System Work?

 

 

Objective of most MBA ranking system is to give information to the market regarding the repute and standing of schools and their programs. However, the effectiveness of MBA ranking has been a highly controversial subject over the past few years. The challenge in terms of which ranking system to trust is that the criteria on which the different rankings are based are not always declared, which makes some of the rankings rather misleading. Fundamentally, the key conflicts associated with these popular rankings of MBA programs is

 

  • That they incorporate “qualitative” aspects of the perceived “prestige” and “reputation” of the business school as a key criteria. Thus there is a general biases towards incumbents and institutions with bigger student and faculty population.
  • Peer reviews by Deans and academics added to this bias.
  • It is also interesting to note that in most MBA rankings, it places greater significance on the number of students who are rejected, rather than on the quality of the students who are accepted thus providing a uneven outcome on the “real” quality of their MBA Students.

 

Matter of fact is that one of the principal motivational factors behind business schools and MBA rankings by publishers has been its ability to boost the circulation and awareness of the magazines and newsprint

 

A REFINED METHODOLOGY

The MBA Singapore Ranking was first published in June 2009 commissioned by Aventis School of Management in collaboration with Edupoll.org, a leading aggregator of higher education courses in Asia. Criteria use for the assessment includes comprises of 2 major indicators

1. International Universal Indicators (IUI)

2. Singapore Centric Indicators (SCI).

 

 

 

 

 

 

Quality Indicators – International Universal Indicators (IUI)

 

 

  • Accreditation – ACU and 6 Regional Accreditation | BIG 5 Accreditation Bodies AACSB, ACBSP, EQUIS, Association of MBA, EMBA Council
  • International Rankings – US News, Good Uni Guide UK, Australia, QS, FT, Business Week, Guardian, Times, 4icu.org, Shanghai Jiao Tong , Princeton Review
  • Alumni – Nobel Prizes, Senior Mgmt “C” Level of MNC, Political Leaders, Local Famous Alumni
  • Graduate Satisfaction Reports – Graduate Satisfaction- Pay Graduate Satisfaction- Get a job Student Satisfaction
  • Post MBA Outcome – Was MBA program responsible for achieving their career goals upon Graduation (Increase in Salary or Career Switch), School professional networking value – Local Alumni Chapters and International Alumni chapter, Schools international exposure and locations ( Student Exchange | International Study Trip), Managerial skills development

 

Singapore Centric Indicators (SCI)

 

  • Length of Establishment of the MBA Program In Singapore – programs in Singapore – less 2 years (2points) 3-5 (3points) 6 -9 (4points) 10 years (5points)
  • Teaching & Faculty Quality (TFQ) – Research contribution by Faculty 0 publications, Intellectual capital on Shanghai Jiao Tong top 500 ranking, Student to Faculty Ratio ( 1 to 30 Students Ratio), Learning Experience (total contact Hours) Below or above 300, Quality of Teaching % of Faculty with (PHD) – 50%, MBA course material quality
  • Student Selectivity – Working Experience Requirement, Student Diversity Score , Academic Qualifications requirements, GMAT requirement, Student Acceptance Rate
  • Affordability – Range Above 40k | 30000 to 39999 | 20000 to 29999 | Below 20000
  • Strength of Local Institutional Partner – Institute of Higher Learning, ERF/Edu Trust, MBA Career and Alumni Support, Length of establishment

 

The Results- MBA Singapore Ranking 2012

 

Based on data collected by the research team, where points are allocated to each attribute separately for all the 10 attributes.

 

The following are the results of the MBA Ranking 2012 for Singapore MBAs.

 

Rank University Average
5 points
1 University of Chicago 3.89
2 INSEAD 3.78
3 National University of Singapore 3.67
4 UCLA and National University of Singapore 3.67
5 NUS Asia – Pacific Executive MBA ( English ) 3.61
6 University of Manchester 3.56
7 National University of Singapore and Peking University 3.56
8 The City University of New York 3.50
9 The University at Buffalo, State University of New York 3.50
10 University of Birmingham 3.44
11 Nanyang Technological University 3.44
12 HEC Paris and NUS Double Degree MBA 3.39
13 University of Nottingham 3.33
14 University of Strathclyde 3.33
15 California State University International MBA 3.28
16 The University of Hull 3.28
17 The University of Adelaide 3.11
18 Aalto University, Finland 3.11
19 Lancaster University UK 3.06
20 Temple University 3.00
21 S P Jain School of Management EMBA 2.94
22 Arcadia University, Pennsylvania, USA 2.89
23 The University of Bradford 2.83
24 NTU and BI Norwegian School of Business EMBA 2.78
25 Singapore Management University 2.67
26 Heriot Watt University 2.61
27 James Cook University 2.56
28 University of Sunderland 2.56
29 University of Newcastle, Australia 2.44
30 University of Wales Institute, Cardiff 2.44
31 Edith Cowan University, Australia 2.33
32 Murdoch University, Perth , Australia 2.33
33 The University of Wales 2.33
34 Southern Cross University, NSW Australia 2.22
35 University of Northumbria, UK 2.22
36 Coventry University 2.22
37 University of Derby, UK 2.11
38 CQ University 2.00
39 Queen Margaret University 2.00
40 University of Wolverhampton 2.00
41 Anglia Ruskin University 1.89
42 University of Buckingham UK 1.67

 

Disclaimer:

 

The results of this analysis show that there is indeed a high correlation between the schools that rank as the "best" MBA programs in the popular press, and the measure of certain input-output measure of those programs.

 

Whilst it is useful to use MBA ranking as part of their selection process, it should not be the sole selection criteria when selecting a MBA program.

Choosing the Right MBA

Tuesday, July 17th, 2012

TOP 5 important factors to consider in choosing the right MBA

 

For many professionals and aspiring captains of industry, an MBA is one of the most important key to unlock the world of opportunities. Having an internationally recognized MBA allows professionals to showcase their talents to executive recruiters and head hunters who represent the top MNCs across the world like GlaxoSmithKline, JP Morgan; Accenture, Bain, McKinsey & Co and Morgan Stanley whom treat MBA qualification as a pre-requisite for granting an interview. However, whilst we embark on the quest of search for the No1 MBA, we need to be aware that MBA programs are not one-size-fits-all solutions. Business schools from across the world offer a variety of formats, delivery structure and concentrations that are customized to the needs of various industries.

 

So how can you as a prospective MBA student navigate this myriad of information to make your ultimate selection? Welcome to this journey of self-reflection which is a highly beneficial process as it helps you in achieving clarify and focus in your career goals.

 

1.     Alignment to Career Aspirations

 

Ultimately it all boils down to your career objectives. Choosing an MBA program is like making any other decisions in your life. What do you want to achieve from it? Are you seeking to strengthen your knowledge in the current position to enhance your vertical climb? Or are you exploring a career switch? Or as a hedge against the challenging economic climate?

 

Your reasons for pursuing an MBA will differ from your peers , thus before you start attending MBA fairs, take time to pen down a “Personal Statement of Intent” , this will serve as a guiding post to your search for the Right MBA , enabling you to making  realistic and a clear-sighted assessment of your vision and future career track.

 

2.     Working Experience as Pre-requisite

Very few MBA programs allow students without working experience to embark into the MBA. A rule of thumb, fresh graduates with less than 3 years of working experience are discourage to embark on their MBA, the rationale being that without the necessary work experience, it will be difficult to relate the lessons learn and translate them into business solutions and applications.

 

Whilst there are early Career MBA programs are designed for students with two or fewer years of experience, most MBA candidates will possess between 5 to 8 years of professional experience under their bed before embarking on their MBA. Most choose to embark on a part-time mba since it provides them with the benefit of advancing in their career and qualification concurrently.  MBAs are also a great catalyst for Mid-Career Changes for professionals, (PMBs) aspiring a clean “Reboot” to their professional career direction, with the support of a strong MBA alumni and an executive placement network, they will be able to make a smoother transition into their new career.

 

Very senior Executive programs such as Executive MBA programs usually require at least 10 years to 15 years of senior executive experience.  Learning in Executive MBA class are typically through sharing of experience by the students, where their collective professional experience of class members helps facilitate discussion and participation, thus it is essential that EMBA candidates must possess a significant amount of work experience to ensure they can contribute in class. Another feature of Executive MBA students is that they are typically sponsored by their employers.

 

3.     Time Commitment Vs Return on Investment (ROI)

 

Traditional Part-time MBA programs typically take 18 months to 2 years  where classes are conducted on a part-time basis over weekdays evening and on weekends.  This is the most popular mode of studies since it allow students to continue their full time job, maintain their family obligations and enhance their professional qualifications concurrently. Part-time MBA students also have access to the same resources as their full-time counterparts but with a highly level of flexibility, the downside is of course the intensity of juggling various challenges together.

A growing trend towards a more popular approach are Part-time US MBA programs which are typically designed for students who already have some level of  work experience . Unlike traditional MBA of 18 to 24 months, US Part-time MBA are deliver over 12 to 15 months part-time, optimizing the Return on Investment with research showing that the average return on investment of US MBA is about  three years, much shorter than other MBAs.

 

4.     Delivery format & Concentration

 

Delivery format of MBA differs greatly, UK MBA typically are deliver through lectures and examinations. There is also a capstone component of a 20,000 to 40,000 word dissertation which requires intensive research on a specific topic of interest. Australian MBA offers more flexibility in delivery and assessment structure and offers online support for distance learning students, thus self-disciplined is a major requirement for distance learning MBA students. US MBA are by far the most dynamic system which rely heavily on case studies and practical oriented applications, where focus of MBA is a business education geared towards relevant business solutions. Different business schools also have varying reputations in offering specific concentration such as marketing, finance, entrepreneurship, international business to enable students with a deep dive specialization which is a useful option for professionals seeking advancement in specific skills set.

 

5.     Show me the MONEY

 

MBA program fees in Singapore ranges from the highs of S$100,000 to the lows of S$18,000 Quality and Recognition of programs varied. It’s not just a simple decision of securing a MBA; it is the recognition of the awarding institution behind you MBA certificate that will matter.

You need to think through clearly about what you want from your career and from your life, and analyse what kind of MBA education is the best fit for your career goals and financial needs. You have a variety of options for getting an MBA education. Make sure you understand what different schools and different programs offer, and how recognized are these MBA by the employers. Whilst, MBA investment usually does pay off handsomely in the form of enhanced career prospects and higher income after graduation. As with any investment, however, there is no iron-clad guarantee of a positive outcome. There’s no getting around the fact that business school represents a huge investment. You need to have faith in yourself and in your choices to feel comfortable making it. You should approach this investment by doing the same kind of careful research that you would undertake before making any other major investment. The fees listed here are indicative and correct at the time of publications. They may be subjected to change by the respective institutions