The School of Management is continuing its rise in business school rankings.
The school catapulted from 21st to sixth place in the biannual Bloomberg Businessweek MBA ranking released yesterday, indicating a 15-spot jump from the last ranking in 2012.
This ranking comes just nine months after The Financial Times business school ranking rated SOM as one of the top 10 business schools in the world. Though SOM still trails Ivy rivals Wharton and Columbia Business School in the Businessweek ranking, it came in ahead of Harvard Business School, which clinched the number one spot in the FT ranking earlier this year.
“To me the signal here is directional — that Yale’s SOM’s mission-oriented educational excellence is being increasingly recognized and respected widely,” SOM Associate Dean Anjani Jain said.
According to the Businessweek website, the ranking included data from 112 full-time MBA programs from around the world and ranked them based on performance on a three measure scale: A student satisfaction survey constituted 45 percent of the overall score, an employer survey 45 percent and faculty expertise 10 percent. This year’s student surveys, the website said, were improved by including more concise and direct questions and also asking students how their school included demographic and socioeconomic minorities.
SOM Associate Dean David Bach said it is notable that students who were surveyed for the Businessweek ranking, all members of the class of 2014, had many opportunities for global engagement at Yale.
“I’m not saying this is the one factor, but this group of students did benefit from a global education,” Bach said. “Because our strategy is distinct, our student experiences are distinct, and if students and recruiters say this distinctiveness is valuable, you see it reflected in a ranking like this.”
Bach also said it is relevant that the “two big winners” in this ranking, Yale and Duke, are both relatively young and innovative when it comes to global strategy. Duke was ranked first in this year’s rankings.
Although Daniel Kent SOM ’16 said he thought the SOM’s rise in the rankings reflected a strong campus community, he added that MBA rankings are not the most accurate way to assess a business school.
“It’s exciting and reassuring that SOM continues on its really rapid trajectory towards the top, but I would say that [the way] to really experience SOM is campus visits and student testimonials and alumni testimonials,” he said.
However, Kent also said these rankings reflect specific strengths of the MBA program at SOM, such as the integrated curriculum, which teaches students a variety of business fundamentals.
Tugce Erten SOM ’15 said rankings can be useful as guidance for applicants who want to gauge the quality of a business education at a particular school. She added that she thinks this leap in the rankings will be useful for the SOM because it associates it with the top-tier business schools.
Bach also said this association will be helpful for the SOM, especially when it comes to attracting future MBA applicants.
“We hope that people will look at Yale SOM as they are looking at Columbia, Stanford, Wharton, Harvard and Duke. That’s a good peer group,” Bach said.
The 2014 Businessweek business school rankings surveyed 21,833 students.