The Best Business Schools: A Market-Based Approach
AbstractThis article introduces a market-based methodology for evaluating the performance of MBA programs. The authors seek to distinguish the quality of a program from the quality of its students. They judge a program's performance by its value added, measured by the graduates' salaries, after accounting for student characteristics and job attributes. While four of the authors' top five programs have been highly ranked elsewhere, ten of their top twenty programs are unranked elsewhere. The authors explore the determinants of value added and find that programs with high faculty salaries and those relying heavily on the case method have significantly higher value added. Copyright 1997 by University of Chicago Press.
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.
Bibliographic InfoArticle provided by University of Chicago Press in its journal Journal of Business.
Volume (Year): 70 (1997)
Issue (Month): 1 (January)
Contact details of provider:
Web page: http://www.journals.uchicago.edu/JB/
Other versions of this item:
- Joseph Tracy & Joel Waldfogel, 1994. "The Best Business Schools: A Market Based Approach," NBER Working Papers 4609, National Bureau of Economic Research, Inc.
- M10 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - General
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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.:
- Alan B. Krueger & Lawrence H. Summers, 1987. "Reflections on the Inter-Industry Wage Structure," NBER Working Papers 1968, National Bureau of Economic Research, Inc.
- Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-78, December.
- Gyourko, Joseph & Tracy, Joseph, 1991. "The Structure of Local Public Finance and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 774-806, August.
- Ronald G. Ehrenberg, 1988. "An Economic Analysis of the Market for Law School Students," NBER Working Papers 2602, National Bureau of Economic Research, Inc.
- Besancenot, Damien & Faria, João Ricardo, 2010. "Good research and bad teaching? A business school tale," Research in Economics, Elsevier, vol. 64(2), pages 67-72, June.
- Qi Kong & Michael R. Veall, 2005. "Does the Maclean's Ranking Matter?," Canadian Public Policy, University of Toronto Press, vol. 31(3), pages 231-242, September.
- Dahlia K. Remler & Elda Pema, 2009. "Why do Institutions of Higher Education Reward Research While Selling Education?," NBER Working Papers 14974, National Bureau of Economic Research, Inc.
- Winkler, A.E. & Levin, Sh. & Stephan, P. & Glänzel, Wolfgang, 2011.
"Publishing trends in economics across colleges and universities,"
Open Access publications from Katholieke Universiteit Leuven
urn:hdl:123456789/327130, Katholieke Universiteit Leuven.
- Winkler, Anne E. & Levin, Sharon & Stephan, Paula & Glänzel, Wolfgang, 2011. "Publishing Trends in Economics across Colleges and Universities, 1991-2007," IZA Discussion Papers 6082, Institute for the Study of Labor (IZA).
- Paul Oyer, 2006. "The Making of an Investment Banker: Macroeconomic Shocks, Career Choice, and Lifetime Income," NBER Working Papers 12059, National Bureau of Economic Research, Inc.
- Yongil Jeon & Stephen M. Miller & Subhash C. Ray, 2003. "MBA Program Reputation: Objective Rankings for Students, Employers and Program Administrators," Working papers 2003-28, University of Connecticut, Department of Economics.
- Yongil Jeon & Stephen M. Miller & Subhash C. Ray, 2007. "MBA Program Reputation And Quantitative Rankings: New Information for Students, Employers, And Program Administrators," Working papers 2007-44, University of Connecticut, Department of Economics.
- Ravallion, Martin, 2000. "What can we learn about country performance from conditional comparisons across countries?," Policy Research Working Paper Series 2342, The World Bank.
- Benito Arruñada & Xosé H. Vázquez, 2009.
"Behavioral assumptions and management ability,"
Economics Working Papers
1157, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2010.
- Ram Mudambi & Mike Peng & David Weng, 2008. "Research rankings of Asia Pacific business schools: Global versus local knowledge strategies," Asia Pacific Journal of Management, Springer, vol. 25(2), pages 171-188, June.
- Gicheva, Dora, 2012. "Worker mobility, employer-provided general training, and the choice of graduate education," Labour Economics, Elsevier, vol. 19(2), pages 232-240.
- C F Elliott & Kwok Tong Soo, 2012. "The Returns to an MBA Degree: The Impact of Programme Attributes," Working Papers 24284646, Lancaster University Management School, Economics Department.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division).
If references are entirely missing, you can add them using this form.