How undergraduate programs are rated each year comes from a survey sent out to a dean and senior faculty of each individual business program who is accredited by the Association to Advance Collegiate Schools of Business (AACSB). The survey then asks the participants to rate the quality they knew well from 1-5 with 5 being more valuable. The rankings then were calculated based on the results sent back.
Amazingly only 42% responded for this year’s survey. Furthermore, nominations were also asked for the best programs in business specialty areas. US News and World Report listed this as the University of Pennsylvania came in first with 4.8 in rating followed by Massachusetts Institute of Technology, University of California in Berkeley, University of Michigan in Ann Arbor and New York University. Total, 362 schools were rated in this special section.
With this year’s winner, getting an education at a private school is normally far more expensive than that of a public business program, however despite the economy’s crisis, the top undergraduate schools of 2010 according to Bloomberg’s Businessweek goes to Notre Dame’s Mendoze College of Business which costs about $38,000/year.
This nomination is a first for the school who is committed to ethics. Their leaders worked hard in providing their students hard-to-hold money the education they deserved. Thus, as the news hit the nation, out of nowhere, statistics showed that there was strong career placement with the school coming in at 95%.
Honing the previous years from 2006-2008, the University of Pennsylvania’s Wharton School fell down to 4th place and Massachusetts Institute of Technology’s Sloan School of Management rised higher to No. 3. Career placement is a big factor here which defines the school’s which were rated and their ability to send their graduates to great jobs despite our economy’s current situation, is considered a valuable mark.
On the downside, many other schools fluctuated on the list as they jumped up and down this year, but here are a few notables:
– Boston College jumped from #17 to #9
– Bently Waltham jumped from #33 to #21
– Depaul University of Chicago jumped from #71 to #40
– Babsen College of Massachusetts makes it to the list as a newcomer
– Villanova University fell from #11 to #20
– Brigham Young fell from #5 to #11
– University of Minnesota’s Carlson School of Management fell from #55 to #67
– Ohio State’s Fisher College of Business fell from #42 to #59
Businessweek’s Top Undergraduate Program of 2010 Interactive Report
US News and World Report Best Colleges Specialty Rankings
Best Undergraduate B-Schools 2010 Slides
Methodology: The Best Undergraduate Business Programs