FT Rankings are out.......We are out too
Jan 29, 2008
Reason # 1: NUS Business School is not there in the ranking. Nowhere!! You know why? because our alumni were just too busy to fill the survey sent to them by FT and due to lack of data points, FT chose to ignore us. So far so good....What bothers me though is that this will project a VERY BAD impression on the rankings-crazy-applicant-pool out there. For those people who get fooled by the Rank 46 achieved by Nanyang Business School and choosing it over NUS, all the very best! I have nothing against any school but it is just too damn injustice to these folks whose sole criteria to choose a B school is global ranking
Reason #2: When I saw ISB at 20....I couldn't stop myself from checking the criteria for ranking. I mean it has never happened. FT reports weighted Salary as USD 169, 355 (which is the highest in the world..even higher than Wharton and Harvard)...anyway, I checked what exactly is "weighted salary". FT defines it as "The average alumni salary today with adjustment for salary variations between industry sectors. This figure includes data for the current year and the one or two preceding years where available". I went onto ISB website to check the data for the current and the two preceding years.
2007: Average International Salary: USD 135,000 / Average Indian Salary: INR 1,503,000
2006: Average International Salary: USD 120,700 / Average Indian Salary: INR 1,180,000
2005: Average International Salary: Did not report / Average Indian Salary: INR 10,01,000
For 2005, I am taking liberty of using the highest international salary figure (which was reported) as the average number...Seems liberal, right? So, that was USD 1,81,000
Now, one more piece of information is missing here...what percentage of the batch gets placed abroad and what percent in India. Shall we take 50-50? Seems reasonable? especially after the last assumption?
Now, I know of no methods of finding weighted average with the numbers I have up here which will lead me to what FT has...Even with all the salary hikes in the last two years ( as if it would help). Someone help me here! Oh, may be ISB didn't provide the names of people getting Indian salaries to FT...whatever!
Reason # 3: I didn't know Tepper is worse than Nanyang..Damn ! I wasted USD 200 in Tepper application and didn't even bother to apply for Nanyang. Same goes for Kelley, Krannert and Fisher...
There are so many reasons but I am particularly pissed off with Reason # 1.
To all you seniors, please don't spoil the school....Give it what it deserves..
6 comments:
I did apply to both Nanyang and NUS and did get through both - however, I did not get one good feeling about Nanyang in the whole process. As they teach in services "Moments of Truth" - not even single interaction which tilted me towards the school. So there are rational students who will make informed decisions in life.
the informations given for FT are audited by kpmg. knowing ft's reputation, i dont think someone can just make things up.
it's unfortunate that the alums have no drive on ft thing.
@Praveena...
Auditing can be as accurate as you want them to be...Satyam was being audited by PWC. For that matter, all the Enrons of the world were audited by KPMGs of the same world.
By the way, new rankings (2009) are out....We are 35 now...Here is the link:
http://rankings.ft.com/exportranking/global-mba-rankings/pdf
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Anshuman nice points....and I totally agree with you on the facts you talk abt ISB...but the bottomline is that they manage the rankings are are on 12 this year....
Frankly I dont blame our NUS Alums for not being interested.....yes they are... and I have met some senior alums who are not at all happy the way school did things for them.... one of our very senior Profs to admitted that we do not take good care of our alums.... my point is that why cant things change? what is so unmanageble...
Why the blog has become so dull....No new posts...