Bloomberg Business released its Best Business Schools ranking based on a new survey process and remodeled methodology on October 6. The 2015 rankings place Olin’s Full-Time MBA program at #35 and the Professional MBA program at #14. The rankings last year were #26 and #21, respectively.
Our strengths are indisputable: Olin remains in the top five US schools in the important category of employment results with job placement at #2; and our alumni continue to report positive feedback on the ROI of the MBA degree. The low student ranking based on a survey of the class of 2015 was a key factor in the drop of the overall MBA ranking—a statistic that we will further analyze once more data is made available.
Changes to the 2015 rankings protocol include a survey of students immediately after graduation; additional alumni surveys; the elimination of faculty research output as a measurement; and changes in the percentage each component contributes to the final calculation of the rankings. With these changes, the Bloomberg ranking now incorporates several components similar to the US News & World Report Best Business Schools, which ranked Olin’s MBA program at #19 earlier this year.
Here is a breakdown of the new model for the ranking methodology:
Full-Time MBA Rankings are based on five components:
| Component | Percentage of total ranking | Olin Rank |
| Employer Survey | 35% | 48
|
| Alumni Survey
Classes of 2007, ’08, ’09 |
30% | 17 |
| Student Survey
Class of 2015 |
15% | 53
|
| Job Placement Rate | 10% | 2 |
| Starting Salary | 10% | 32 |
Part-Time MBA Rankings are based on two surveys:
| Component | Percentage of total ranking | Olin Rank |
| Student Survey | 50%
(based on 75% 2015 data, 25% 2014 data) |
16 |
| Alumni Survey | 50%
(based on: 33.3% alumni MBA feedback, 33.3% alumni compensation change over time, 33.3% alumni job satisfaction) |
18 |
The 2015 survey reflects the first major change to the Bloomberg Business rankings (formerly BusinessWeek) in more than 25 years. Bloomberg will provide schools with details of the data gathered in the surveys in the weeks ahead. We hope to glean from these results insights and trends that we may use to make our program even stronger in the future.
Link to Bloomberg Business Best Business School ranking.
