Do rankings matter for MBA programs?

If you’re thinking about applying for an MBA, then the importance of rankings is likely a question you’ve considered. Despite hearing adamant responses from both sides, you still don’t have a clear answer one way or the other. That’s because both sides have a point.

Answer: Yes and no.There are many different rankings, each with their own special formula for figuring out where a program falls in the ranking. Is it the earning power of graduates? Career progression? Diversity? Research output? How much weight does each get? Dig deeper into the rankings when you’re considering them to determine how they’re calculated.

Figure out your goals.The first question you should ask yourself is, why am I planning to get an MBA/what do I want out of it? With a clear idea of your priorities, you can then determine whether or not the ranking even matches your values. If the ranking is reflective of your goals for pursuing an MBA, then, yes, the ranking matters some, but it’s definitely not everything.

Consider overall fit.What’s more important is your overall fit – academically, culturally, geographically – with a school and its program. The best way to evaluate fit is by visiting the school, talking to current students, faculty, maybe even sitting in on a class. The ranking is just one factor among many others to consider when applying to and selecting a program.

Selecting an MBA program based solely on ranking and prestige is certainly not the best approach. Different programs are well suited for students for a variety of reasons. Consider your goals, visit schools and, most importantly, think about fit when identifying your list of programs.