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SMG Named 10th Among World’s Best B-Schools

Business Insider survey reveals Terriers among top hiring picks


Who needs Wharton or Kellogg when you can have BU?

Business Insider recently ranked Boston University’s School of Management 10th in its survey of the World’s Best Business Schools, boosting its standing 26 spots over last year and awarding it an edge over the 11th-place Kellogg School at Northwestern University and the 12th-place Wharton School at the University of Pennsylvania.

“A program is only as strong as its graduates, and this ranking shows the strength of SMG and Boston University in the eyes of employers,” says Kenneth Freeman, SMG’s Allen Questrom Professor and Dean.

Business Insider’s ranking “is a testament not only to the high caliber of our faculty and their outstanding work designing innovative curricula, but to perhaps the most important function they can perform: helping students to develop into world-class business professionals,” says Jean Morrison, BU’s provost and chief academic officer. “It shines a well-deserved light on SMG and on Boston University’s competitiveness on the world stage.”

Business Insider conducted its fourth annual survey differently this year, targeting more than 300 business professionals with experience hiring MBAs for fields as diverse as health care, government, and finance and asking them to select the “10 most prestigious business schools in the world.” Their responses generated a percentage, which the news site ranked.

Nearly 30 percent of respondents chose BU as an elite B-school. Harvard, Yale, and Stanford earned the top three billings, garnering 77 percent, 60 percent, and 58 percent, respectively.

The survey dug deeper than ranking, though, by asking respondents to assess the value of holding an MBA. Surprisingly, only 3 percent thought it “extremely important” and about a third called it either “slightly important” or “moderately important.” Nearly 70 percent thought the most valuable asset an MBA provides is the skills and knowledge to do the job, while 20 percent cited the degree’s ability to provide a network of contacts. Only a small fraction said brand value of the school or degree was important.

SMG’s leap toward the top in this year’s survey may be due to a change in methodology. Last year the news site surveyed a large cross- section of readers, Freeman says, including respondents who did not attend business school and others who had no hiring experience.

“This change shifted the placement of some schools,” Freeman says, “and we can see how highly regarded SMG is through the lens of those who hire.”

Late last year, the New York Times also surveyed thousands of recruiters from the top companies in 20 countries on the global employability of graduates, and Boston University again fared well, ranking 7th in the United States and 17th worldwide.

Freeman says 87 percent of the University’s MBA students were employed within three months of graduation in 2012, while 93 percent of undergraduates found a job within six months.

In other B-school rankings within the past year, SMG was ranked 40th by U.S. News & World Report, 39th by Bloomberg Businessweek, and 95th by the Financial Times.

Leslie Friday, BU Today, Boston University
Leslie Friday

Follow Leslie Friday on Twitter at @lesliefriday.

18 Comments on SMG Named 10th Among World’s Best B-Schools

  • Jaclyn on 07.25.2013 at 7:34 am

    Top 10

  • John Malcolm on 07.25.2013 at 10:37 am

    Too bad “business insider” is a rag. The only B-School rankings that matter are US News and World Report(BU Ranks 40). FACT not Opinion.

    • Aaron Nair on 07.25.2013 at 11:05 am

      Don’t forget BusinessWeek’s rankings too.

    • SMG Student on 07.25.2013 at 1:58 pm

      US News does a terrible job. They are partially responsible for many of the problems seen in college budget allocations today.

      • John Malcolm on 07.25.2013 at 2:39 pm

        SMG Student, I agree. Their rankings are based on nothing but the accept/rejection ratio and test scores, not based on anything substantive. Fact is, they are the flagship rankings, nothing else comes close.

        • SMG Student on 07.30.2013 at 12:47 am

          In the case of BU it makes sense to ignore them. Because they are legacy rankings it’s just too hard and expensive for BU to climb them quickly. They should focus on doing a better job with recruiting and job placement.

    • Henry on 08.19.2013 at 5:14 pm

      You’re obviously from the Michael Felger School of Commentary when you use the phrase, “Fact Not Opinion.” This makes me suspect that you haven’t had an original thought in your life. As such, I’d consider your opinion pretty much worthless.

  • former smg on 07.25.2013 at 12:23 pm

    studying business as an undergrad is a bad choice

    • empirical fan on 07.25.2013 at 1:24 pm

      Really? In all honesty, I thought it was a good move. What’s wrong with it?

    • SMG Student on 07.25.2013 at 1:59 pm

      Based on what? Seems to have been a great choice.

    • muffin on 07.25.2013 at 2:30 pm

      Really? It’s much more useful than any liberal arts major I can think of. You’re still strengthening your critical thinking skills, while learning to work more efficiently with teams and learning more practical topics that are fairly applicable in the workplace. Not to mention you can still take some liberal arts classes at a place like BU to round out your education.

      Either way, a business degree is practical, flexible, and smarter.

      • SMG Student on 07.30.2013 at 12:48 am

        Have to agree with muffin that at BU it is especially good. I took both top liberal arts courses along with my business degree.

    • ENG 2015 on 08.02.2013 at 10:46 am

      I agree, undergrad should be a time to gain specialized skills and explore interests. If you are passionate about business then nothing wrong with it, but a lot of people unsure of what to study choose business and I feel thats not a good decision. I mean there is a reason, for example, one can get his or her MBA after a BS in engineering or science but a BBA ( Bachelor of Business Administration) or related degrees cannot just jump into getting a MS.

      • SMG Student on 08.02.2013 at 12:29 pm

        I believe you still require two years of work experience before an MBA usually. Also you can get an MS, which is what I’m currently doing?

        • NO no NO NO no on 08.02.2013 at 9:15 pm

          were you able to go into your MS without taking any pre req’s?

          • SMG Student on 08.27.2013 at 11:04 pm

            Yes. From a top 10 global school as well. BU has a better international reputation than local.

  • lololol on 07.25.2013 at 4:11 pm

    Come off it. These rankings are a joke, have you seen the methodology? Can’t believe this was posted on bu.edu

    • SMG Student on 07.30.2013 at 12:47 am

      Perception is everything.

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