The Evening MBA program of the Wisconsin School of Business ranks 11th among part-time MBA programs in the U.S., up from 15th last year, according to an annual ranking conducted by U.S. News & World Report. U.S. News’ part-time ranking is based solely on a fall 2010 peer assessment survey of business school deans and MBA program directors from AACSB-accredited programs with at least 20 students enrolled part-time in both fall 2009 and fall 2010.
The full-time Wisconsin MBA program ranks 28th among all full-time business programs in the U.S. Last year, it ranked 27th. Among public schools, the program rank 11th, down from 10th last year. For the second year in a row, Wisconsin ranks 6th in the Big Ten. In a ranking of full-time MBA specialty areas – based solely on peer assessment of business school deans and MBA program directors – Wisconsin ranks 16th in Supply Chain/Logistics and 17th in Marketing.
The ranking for the full-time MBA program evaluates the students graduating in May 2010 as well as those entering its specialized program in the fall of 2010.
U.S. News & World Report bases its rankings of full-time MBA program on data furnished by schools, recruiters, deans, and MBA program directors across a broad range of indicators:
- Placement success for the class graduating in spring 2010. This is a composite of starting salary, employment rates at graduation and three months later.
- Student selectivity for the class entering in fall 2010. This is a composite of mean score on the Graduate Management Admission Test (GMAT), mean GPA and proportion of applicants accepted by the school.
- Survey of corporate recruiters.
- Survey of business school deans and MBA program directors.
To view the entire U.S. News & World Report ranking, visit: www.usnews.com/gradmeth
Interim Dean Joan Schmit says the business school remains "committed to excellence in all of our programs, both in learning experiences on campus as well as career opportunities upon graduation. This past year, our MBA programs for working professionals has expanded the Weikel Speaker series, introduced hybrid teaching models, and enhanced career management programs such as speed networking and alumni networking events.
Schmit says the school's full-time MBA program similarly continues to be reviewed and modified to provide the most current knowledge and skills appropriate. "This past year has involved a curriculum review (now five years into its current specialization configuration), expanded leadership programming, coordination of corporate relations development between the full-time MBA and BBA programs, and expanded corporate involvement in the Integrated Case Analysis (ICA) that concludes the first-semester experience for our students."
Schmit adds, "As we have said in the past, we take external surveys seriously because they affect us in a number of ways, including their use by prospective students and employers. As a result, they provide us with information. At the same time, we continue to believe that it is essential we focus on the underlying values we consider most important." Among the metrics the business school has identified as being critical for the future success of its full-time MBA students are following:
- Overall satisfaction with the Wisconsin MBA program among May 2010 graduates was 95% compared to 93% for May 2009 graduates.
- Career placement for May 2010 graduates was 87% within 3 months of graduation compared to 83% placement for May 2009 graduates.
- The median base salary for May 2010 graduates is $87,500, the same median salary for 2009 graduates.
- Average work experience remains strong, holding at 5.0 years for both the 2009 and 2010 entering classes.
- GMAT scores continue to rise, averaging 675 for the fall 2010 entering class, compared to 663 for students who enrolled in 2009.
"Our alumni, faculty, staff, and students work diligently to make the Wisconsin School of Business the highest caliber institution it is capable of being," says Schmit. "We remain committed to attracting students with tremendous talent and integrity, providing an exceptional educational experience, increasing career readiness and global understanding, and generating great career opportunities. We will continue to work towards being our very best."