Jul 14, 2016

GMAC launches user's guide for full-time MBA to identify the ranking Methodologies

Image

GMAC launches user's guide for full-time MBA to identify the ranking Methodologies

The Graduate Management Admission Council (GMAC) has revealed its user guide for full Time MBA rankings. It is an online tool which is designed to help the prospective business students to better understand the ranking methodologies. This guide is available at mba.com/rankings and highlights of each of the five well known publications (The Economist, Bloomberg Business week, The Financial Times)

Mba.com is been visited by approximately eight million visitors yearly. This guide will clearly summarize and compare the content included in all the five ranking methodologies.

Important points by Sangeet Chowfla - CEO and President of GMAC

  • Research shows that all the individuals applying to graduate management programmes should consider rankings as an influential part of their decision making process
  • Multiple rankings create confusion among the applicants though providing useful information to find the quality of MBA programmes.
  • This resource is been created to clarify the differences between the various rankings available, as no methodology of ranking can speak about an individual needs of every candidate considering a business or management degree.

Why rankings are attractive?

  • Rankings provide some level of clarity to the candidates and order a marketplace to the business schools
  • They present diverse data points from different sources into a easily, simple and comparable measure of quality
  • The issue with rankings is that quality is subjective and there is no universal agreed way to measure it. For the same reason, multiple rankings are in existence for full-time MBA, each is with its own methodology with different mix of data weights and indicators.

Breaking down the methodologies:

Each and every ranking publication uses its own unique methodology to assign ranking and weights to different data indicators. The more the weight, the greater influence it has on a school's ranking.

This guide breaks how each of the methodologies assigns weights for the 14 standardised weighting categories. The Interactive tree maps allow the users to explore and learn more about how much weight the rankings place on each category, in addition to clearly defining each data indicator with captions and showing the breakdown between opinion-based and fact-based indicators with a sliding scale.

 

Comparing all the five methodologies with the standardised weighting categories will allows the user to easily contrast and compare the approaches

Differentiation among the rankings in such a way that can help the user to understand which factors are contributing the most to make each ranking unique.

Understanding how rankings change year-to-year

With every new edition of ranking publications, school's ranking position may change. Some ranking publications might see a big year-to-year differences in the results than others.

This user's guide will analyse the last 2 years' editions of ranking publications, considering data precisely. In addition to detailing the average position of the school - both overall and among schools ranked in the top 20 - the guide will also show the full distribution of a school's position change.

These data will provide helpful context to the visitors to show just how volatile rankings can be for a short period of time for MBA programs.

Details in the user's guide:

  • Description of the schools is included in each publication for full-time MBA ranking
  • Data of GMAC on how influential a ranking can be for the students for decision making and how many students around the world use the same.
  • Publication frequency and dates all rankings
  • Rankings history
  • Ranking Data Accessibility
  • Additional business school rankings
  • Full-time MBA rankings for each of the 5 publications

 0
Share this

Leave a Reply

Post a comment

Socialize

Top Scholarship

Image

New Zealand-ASEAN Scholar Awards

The New Zealand-ASEAN Scholar Awards are scholarships for international students from Southeast Asian countries who wants to pursue postgraduate studies in New Zealand with the intention to help in the development of their home countries. The scholarships are funded by the New Zealand Aid Programme, the New Zealand Government’s international development programme.


Read More....

Image

PACE Scholarship

Through PACE, Macquarie students put their academic learning into practice by working on real world projects with one of our 400+ PACE partners in the business, government and community sectors. Students get to actively contribute to positive change in an organisation and make a difference to the community it serves, while developing valuable career skills and networks. PACE is a win-win both for our students and our partners, underlining the principles of reciprocity and mutual benefit on which the program is based.

The University has developed a scholarship to support students around the principles of the PACE Program. The scholarship is valued at $1000 a year for 3 years.

The selection criteria are:

Current School Leavers need a minimum ATAR of 93
Non current school leavers could be eligible based on the admissions rank or if they have received an offer to the University through the Mature Age Jubilee Admissions Scheme
To receive consideration for this scholarship applicants will also need to receive an offer to a course at Macquarie University in the UAC Early or Main Round of Offers
Preference will be given to students who have a history of practical engagement experience with a leadership/service orientation, e.g. participation in structured leadership/volunteering programs; service through leadership positions at school or in the community; service through volunteering with community-based organisations, etc.
Through a personal statement applicants will need to address the following areas:
How has the applicant's practical engagement experience benefited their community?
How has the applicant's practical engagement experience enhanced their own education? For example, what did they learn by doing the activity?
How does the applicant intend to continue their practical engagement activities whilst at University?
Applicants will need to provide a letter of support from someone who is familiar with their history of practical community engagement.

Read More....

Image

The Effie and Leander Mercer Scholarship

The scholarship was established by Dr. Jean Mercer in honour of her parents, Effie and Leander Mercer. Valued at the annual interest on the endowment, an award will be made alternately to a third year student in Medicine, Engineering and Post-Secondary Education (formerly Vocational Education). In any given year, if no student is eligible in the designated faculty it may be awarded to a student in one of the other two faculties. The successful student must have done most of his/her studies as a mature student. It will be awarded by the Senate Committee on Undergraduate Scholarships, Bursaries and Awards on the basis of scholarship standing and a recommendation of the respective Dean. Financial need must also be taken into account.

Read More....

Latest posts

Scholarships in India

Various types of Scholarships in India are given based on either the academic performance that is merit of a student or based on the income of the family or based on whether the students belon...

Mar 17, 2016 2

Educational Show on Television: Produ...

Actor Vivek Oberoi is intending to anticipate an education based show for kids. According to a report in the PTI, Vivek Oberoi said, "There is something that I want to do (as a producer)...

Mar 9, 2016 1

CBSE encourages to download Narendra ...

The Central Board of Secondary Education (CBSE) has asked schools to encourage students, teachers and parents to download the 'Narendra Modi mobile app' to facilitate them to disclose thei...

Mar 7, 2016 0