Carroll School MBA Program Ranked in Global Top 50
ByThe Carroll School of Management's MBA program surged upward in rankings compiled this year by the Financial Times, joining an elite group of the world's top 50 programs and earning its place within the top 25 programs in the U.S.
BC's full-time MBA program, which enrolls 200 students, climbed to 47th in the world from last year's ranking of 89th and to 23rd in the U.S., up from last year's rank of 50th, according to the British business publication.
Carroll School Dean Andy Boynton said the closely-watched global rankings represent well-deserved recognition of the efforts of a strategic initiative to improve upon the MBA program's history of success.
"Rankings offer a snapshot of what's going on in any program and this year's results speak to excellent research conducted by our faculty and the Carroll School's dedication to continually strengthening the cornerstone of our graduate management programs," Boynton said. "More importantly, our rigorous research, excellent teaching and innovative curriculum prepare Carroll School MBA alumni for success in their careers and beyond."
Associate Dean for Graduate Programs Jeff Ringuest attributed this year's jump to improvement in two primary areas: faculty research productivity and the career progress of program alumni.
"We maintain a current, state-of-the-art curriculum and that requires faculty to do cutting edge research and that translates into success in the business world for our students," Ringuest said. "This is one ranking that tries to make a very tangible connection to faculty research. We can look and see our publications have had a direct impact on our rankings. That sends a strong signal to our faculty and our students can see the connection as well."
The Financial Times rankings evaluate the number of research articles published by a program's faculty in the top 40 business journals in the world. Faculty publications earned the MBA program a ranking of 26th in the world, up from 43rd last year.
The program ranking was also lifted by a survey of alumni about their career progress, such as salary increases, going to work for a bigger company or earning a promotion. In a year when the average annual salary reported by alumni from the class of 2006 climbed by $10,000 to $118,000, the Carroll School MBA career progress rank climbed from 64th worldwide to 26th.
"These are two measures of how well our students are doing in industry after they graduate," said Ringuest. "Given the economic downturn, it’s gratifying to see our graduates report continued success in their organizations. The hard work of our faculty and staff is reflected in the success of our alumni."