Yongil Jeon (Sungkyunkwan University) Stephen M. Miller (University of Nevada, Las Vegas, and University of Connecticut) Subhash C. Ray (University of Connecticut)
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Since 1988, Business Week biennially ranks MBA programs based on qualitative ("subjective") surveys of students and employers. The Business Week ranking, and similar rankings, based on perceptions of MBA-program customers, rings the alarm that image, rather than substance, may become the raison d'etre of MBA-program evaluation and selection. We rank MBA programs using the quantitative ("objective") data collected with the 2004 Business Week survey, attempting to address these concerns about image over substance. We employ equal-weighted and principal components indexes to rank MBA programs. Our indexes fall into three categories - output, input, and output-input indexes - that rank MBA programs proximately from the interests of students, employers, and MBA program administrators, respectively.
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Paper provided by University of Connecticut, Department of Economics in its series Working papers with number
2007-44.
Length: 36 pages Date of creation: Oct 2007 Date of revision: Handle: RePEc:uct:uconnp:2007-44
Note: This paper updates analysis contained in Jeon, Miller, and Ray (2003). That earlier paper employs the Business Week survey from 1998. This paper provides a new look, using the principal components technique to construct a ranking index and using the more recent 2004 Business Week survey. Contact details of provider: Postal: University of Connecticut 341 Mansfield Road, Unit 1063 Storrs, CT 06269-1063 Phone: (860) 486-4889 Fax: (860) 486-4463 Web page: http://www.econ.uconn.edu/ More information through EDIRC
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