The Economist unveiled its annual rankings of the top full-time MBA programs worldwide, naming the University of Chicago’s Booth School of Business the best program in 2012.
U.S. schools did well in the U.K.-based The Economist’s list, naming American schools in the top eight spots. IESE Business School in Spain was the first international school to crack the top 10, followed by International Institute for Management Development in Switzerland rounding out the top 10.
The Economist stated that according to its methodology, the Booth Business School beat out traditional powerhouses such as Harvard (No. 4), Wharton (No. 13) and Stanford (No. 8) in “open new career opportunities,” “diversity of recruiters,” and “student assessment of career service.”
The University of California-Los Angeles Anderson School of Management‘s full-time program, which ranked No. 23, came in as best ranked school that offers an online/hybrid option to students. Part of its flexible part-time schedule options, the FEMBA Flex requires students to visit the Los Angeles campus four weekends per quarter, learning the rest of the core curriculum online.
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Other notable programs that offer online MBA programs include the University of North Carolina-Chapel Hill’s Kenan-Flagler Business School (No. 40), Indiana University’s Kelley School of Business (No. 44), Wisconsin School of Business (No. 51), Arizona State University’s W.P. Carey School of Business (No. 59), Penn State University‘s Smeal College of Business (No. 68), George Washington University School of Business (No. 73), and Temple University’s Fox School of Business (No. 77).
“Each rankings has a different methodology; different sources of data, and they’re weighing different things and assigning different qualities,” said Linda Abraham of Accepted.com in an interview with OnlineMBA.com in March. “If an applicant goes and reviews those parameters and their values match up perfectly, then I think a student can rely on it very heavily. But however, more than 99.9% of applicants will not have the same criteria, therefore very poor basis for decision.
“Rankings are wonderful places to find broad data – if you want to know how you stack up as far as GPA, GMAT, level of work experience, rankings are a great place to go. Rankings are a great place to start your research, a terrible place to stop it.”
–Alanna Stage, @AlannaTweets