Our economy is pretty strong now, but in the weak economy we experienced not so long ago, many people were returning to school in order to pursue their Masters of Business Administration. Unfortunately, just having an extra degree doesn’t always mean a strong edge in the job field. That is why MBA program rankings are becoming increasingly more important when it comes to deciding on a university.
MBA program rankings are determined in many different ways, though most often a university’s rating is based on the average salary of its alumni. Business Week is often considered one of the best sources of MBA program rankings but there are many others as well: The Economist, Forbes, Wall Street Journal and The Princeton Review are just a few.
It can be very confusing when you look through the MBA program rankings because they often differ substantially by comparison. The Princeton Review, for example, bases MBA program rankings partially on student surveys while Forbes determines MBA programs rankings based on return on investment. Before you get stressed out trying to determine which school is the best and will get you the best job afterward, you should consider several things.