Reputation and efficiency: A non-parametric assessment of America's top-rated MBA programs
AbstractWidely publicized reports of fresh MBAs getting multiple job offers with six-figure annual salaries leave a long-lasting general impression about the high quality of selected business schools. While such spectacular achievement in job placement rightly deserves recognition, one should not lose sight of the resources expended in order to accomplish this result. In this study, we employ a measure of Pareto-Koopmans global efficiency to evaluate the efficiency levels of the MBA programs in Business Week's top-rated list. We compute input- and output-oriented radial and non-radial efficiency measures for comparison. Among three tier groups, the schools from a higher tier group on average are more efficient than those from lower tiers, although variations in efficiency levels do occur within the same tier, which exist over different measures of efficiency.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal European Journal of Operational Research.
Volume (Year): 189 (2008)
Issue (Month): 1 (August)
Contact details of provider:
Web page: http://www.elsevier.com/locate/eor
Other versions of this item:
- Subhash C. Ray & Yongil Jeon, 2003. "Reputation and Efficiency: A Nonparametric Assessment of America's Top-Rated MBA Programs," Working papers 2003-13, University of Connecticut, Department of Economics.
- I2 - Health, Education, and Welfare - - Education
- D6 - Microeconomics - - Welfare Economics
- N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Colbert, Amy & Levary, Reuven R. & Shaner, Michael C., 2000. "Determining the relative efficiency of MBA programs using DEA," European Journal of Operational Research, Elsevier, vol. 125(3), pages 656-669, September.
- Robert Russell, R., 1985. "Measures of technical efficiency," Journal of Economic Theory, Elsevier, vol. 35(1), pages 109-126, February.
- Fare, Rolf & Knox Lovell, C. A., 1978. "Measuring the technical efficiency of production," Journal of Economic Theory, Elsevier, vol. 19(1), pages 150-162, October.
- Burton, M P & Phimister, Euan, 1995. "Core Journals: A Reappraisal of the Diamond List," Economic Journal, Royal Economic Society, vol. 105(429), pages 361-73, March.
- R. D. Banker & A. Charnes & W. W. Cooper, 1984. "Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis," Management Science, INFORMS, vol. 30(9), pages 1078-1092, September.
- Johnes, Geraint & Johnes, Jill, 1993.
"Measuring the Research Performance of UK Economics Departments: An Application of Data Envelopment Analysis,"
Oxford Economic Papers,
Oxford University Press, vol. 45(2), pages 332-47, April.
- G. Johnes & J. Johnes, . "Measuring the Research Performance of UK Economics Departments: An Application of Data Envelopment Analysis," Working Papers ec17/90, Department of Economics, University of Lancaster.
- Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
- Breu, Theodore M. & Raab, Raymond L., 1994. "Efficiency and perceived quality of the nation's "top 25" National Universities and National Liberal Arts Colleges: An application of data envelopment analysis to higher education," Socio-Economic Planning Sciences, Elsevier, vol. 28(1), pages 33-45.
- Varian, Hal R, 1984. "The Nonparametric Approach to Production Analysis," Econometrica, Econometric Society, vol. 52(3), pages 579-97, May.
- Elliott, Caroline & Soo, Kwok Tong, 2013. "The international market for MBA qualifications: The relationship between tuition fees and applications," Economics of Education Review, Elsevier, vol. 34(C), pages 162-174.
- Mainak Mazumdar & Meenakshi Rajeev & Subhash Ray, 2011.
"Sources of Heterogeneity in the Efficiency of Indian Pharmaceutical Firms,"
2011-22, University of Connecticut, Department of Economics.
- Subhash C Ray & Mainak Mazumdar & Meenakshi Rajeev, 2010. "Sources of Heterogeneity in the Efficiency of Indian Pharmaceutical Firms," Working Papers id:3334, eSocialSciences.
- Kao, Ling-Jing & Lu, Chi-Jie & Chiu, Chih-Chou, 2011. "Efficiency measurement using independent component analysis and data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 210(2), pages 310-317, April.
- Nikolaidis, Yiannis & Dimitriadis, Sotirios G., 2014. "On the student evaluation of university courses and faculty members’ teaching performance," European Journal of Operational Research, Elsevier, vol. 238(1), pages 199-207.
- Ray, Subhash C. & Ghose, Arpita, 2014. "Production efficiency in Indian agriculture: An assessment of the post green revolution years," Omega, Elsevier, vol. 44(C), pages 58-69.
- Chen, Po-Chi & Yu, Ming-Miin & Chang, Ching-Cheng & Managi, Shunsuke, 2014. "Non-Radial Directional Performance Measurement with Undesirable Outputs," MPRA Paper 57189, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.