10/11/2003 - Northwestern University’s graduate school of business leads rankings in The Economist Intelligence Unit, Business Week
(Evanston, Ill.) – The Kellogg School of Management at Northwestern University is ranked as the best master of business administration (MBA) program in the world, and the number one graduate school of business in the United States, according to two prominent magazine surveys announced late this week.
Today, The Economist Intelligence Unit (EIU) announced in its first global survey of graduate business schools that the Kellogg School is the top MBA program worldwide. EIU is a sister company of The Economist and publisher of Which MBA?guide, now in its 14th year of print.
On October 10, the Kellogg School of Management reclaimed the number one ranking in Business Week magazine’s biennial survey. This is the fourth time the school has been in the top position since 1988, when the survey began. Kellogg has ranked number one in 1988, 1990, 1992 and, now, 2002.
The Business Week survey has long recognized Kellogg as among the top graduate business schools nationally, ranking the Kellogg School number two in 2000, 1998 and 1994, and number three in 1996.
“These rankings are simply two measurements in the many that reflect the Kellogg School’s excellence,” said Dipak C. Jain, dean of the Kellogg School of Management at Northwestern University. “We strive for a culture of balanced excellence, one that equally appreciates rigor and relevance in all that we do.
“The Kellogg School is unique in that it achieves excellence while also maintaining a culture of caring, and a commitment to mutual respect and trust. We are extremely proud of our partnerships with students, faculty, staff, alumni, recruiters and corporations,” adds Jain.
Enhancing those relationships has been a key initiative of Jain’s since he assumed the role as dean in July 2001. Since then, Jain has traveled to 23 countries on five continents to meet with nearly 150 recruiters, dozens of corporate leaders and thousands of Kellogg School alumni worldwide.
Each time, Jain and his staff came away from these meetings with new insights, new ideas and opportunities for new initiatives at the Kellogg School.
“You learn so much just from listening,” said Jain. “These meetings have been very educational, and the feedback and ideas will help strengthen Kellogg.”
Key to building on the success of the Kellogg School and its partnerships is the execution of ideas garnered from these meetings, Jain said. In fact, Jain and his team have already acted on some of the partner feedback. For example, the Kellogg School this fall introduced several programs to address leadership training. The school intends once again to change the face of graduate business education by introducing a new model for building leadership skills that will reflect the changing corporate culture.
This is familiar territory for Kellogg. More than two decades ago, the Kellogg School revolutionized business education when it introduced its team concept – a model that has been duplicated in business schools worldwide. The school is renowned for producing well-rounded graduates that function exceptionally well in teams.
Kellogg is a leader in the executive education movement, having introduced the concept more than 50 years ago. In 1979, Kellogg opened the nation’s first freestanding, all-inclusive executive education center, the James L. Allen Center, which has served as a model for other similar facilities nationwide. Housed within this facility also is the Kellogg School’s executive masters program, which consistently ranks as the top such program in the nation.
About the Surveys
The Economist Intelligence Unit surveyed over 18,000 MBA students and alumni worldwide in search of the best MBA program. The ranking is based on factors identified by students as the most important elements of an MBA program and provides a qualitative assessment of the 100 best business school programs.
The survey evaluated the business schools’ ability to provide students with new and advanced career opportunities, educational and personal development, increased salary and the potential to network. The student-centric survey favored the Kellogg School of Management’s strong MBA programs, excellent facilities and the distinct collegiate atmosphere among its students.
Additional detail about the EIU survey will be available on the EIU web site the week of October 14.
The Business Week biennual survey is based on corporate recruiter and student feedback and provides a comprehensive analysis of the top-30 business schools in the country.
According to Business Week, the 2002 survey is the most comprehensive conducted since the ratings game began in 1988. For the past six months, the magazine surveyed 420 companies, 16,906 students in the MBA class of 2002 and 16,059 MBA graduates from 2000 and 1998.
The survey will be the cover story in the October 21 issue of Business Week magazine.
Additional information about the Business Week survey, including school profiles, can be found on the Business Week web site.