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mba ranking importance

MBA rankings are given much importance by applicants as well as the companies. Here are some points to understand if MBA rankings are important or they are just over-hyped.

Why MBA Rankings?

Yes! MBA rankings are important! They matter a lot for the future management students.

  • For some organizations ranking of B-schools matter, while for some, rankings do not hold much importance.
  • Every year MBA colleges are ranked globally as well as country wise and the MBA programmes are rated.
  • The ranking sources that calculate position of an MBA college is based on several criteria like faculty and student ratio, infrastructure, tuition fees, recruitment, course curriculum, alumni salaries, etc. can be trusted upon.
  • Through MBA ranking several facts and information about MBA colleges can be gathered as the ranking is given after considering several factors.
  • It is essential to know how many annual applications a given B-school receives. Also, it is valuable to know whether the number of applications per year are increasing or decreasing. The market value of a B-school can be seen through the fact that, a good B-school receives more number of admission applications, and they select the best candidates.
  • Higher MBA ranking would open better career prospects. Studying in top MBA college would guarantee that you get to study from world’s best faculties and study world-class curriculum. There you also get to build a good network that can be very helpful at the time job search after MBA.
  • Higher MBA ranking ensures that you get interview calls from good companies, however career progression depends on the candidate.
  • Many students apply to a MBA programme because of its higher ranking which is a common thing to do for MBA aspirants. But in case you are looking for a career or be a leader in social enterprise, then some schools would meet your needs better than those ranked high.
  • Hence thorough research about MBA programme’s course curriculum, career prospects, alumni network, etc. should be done before applying.
  • Ranking should be kept in consideration, apart from that, determine which B-school would be the best for you and whether studying there would help you achieve your career goals. If you think that studying in top ranked MBA programme would fulfill your goals, then go for such B-schools. But if you feel that you need only MBA knowledge than higher ranking would not matter much to you.
  • There is specialized ranking as well. Here MBA programmes ranked as per the specialization.
  • Instead of selecting B-schools with general higher ranking, if you are clear about specialization that you want to pursue then, according to chosen specialization ranking B-schools can be applied for.
  • Of course, MBA ranking is important, but applicants should not blindly apply to MBA programmes just by reading higher ranking published in any publications.

The MBA programme that is being selected should suffice there personal and professional criteria.

Related Articles:
How To Choose The Right B-School?
Why MBA Accreditation is Important?
Why MBA Course from IIM?

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