MBA
Yale SOM Outperforms Kellogg, Columbia, Booth & MIT in Fortunes MBA Ranking
Last Updated on August 27, 2023 by Robert C. Hoopes
Yale School of Management’s full-time MBA program has made significant strides in the latest edition of Fortune’s annual MBA ranking. The prestigious institution has risen eight places, showcasing its commitment to excellence in business education.
However, Fortune’s ranking methodology has sparked controversy among industry experts. Poets&Quants, a highly regarded publication, has labeled it as one of the worst MBA rankings available. Critics argue that the ranking heavily relies on starting salaries, making up 65% of the assessment, and fails to provide valuable information to prospective students.
Despite these concerns, Harvard Business School has once again claimed the top spot in Fortune’s ranking. Stanford and Wharton follow closely behind, solidifying their positions as leaders in the business education landscape.
Interestingly, this year’s ranking witnessed both significant drops and surprising debuts. Schools like Michigan Ross and USC made their first appearances, indicating their growth and development in recent years. Conversely, several established institutions experienced unexpected drops, prompting questions about the accuracy of Fortune’s assessment.
The ranking incorporates a “brand survey” and considers the number of MBA alumni in C-suite positions at Fortune 1000 companies. While these factors aim to provide a comprehensive evaluation, critics believe they fail to capture the true essence of the MBA program.
Yale School of Management’s strong performance in the ranking has raised eyebrows, particularly because its median salaries were lower than those of several other schools on the list. This unexpected outcome showcases that the assessment may not accurately reflect the overall quality and value of a program.
Furthermore, the decision of some schools not to participate in the ranking has allowed lesser-known programs to secure a place in the Top 100. This has fueled skepticism about the reliability and credibility of the ranking, as it may overlook deserving institutions.
For a complete list of the top 25 MBA programs according to Fortune, interested readers can visit their website. As prospective MBA students navigate their career choices, it is important to consider multiple sources of information to make an informed decision.