Does The World Need Another B-School Ranking?

by Neelima-Mahajan-Bansal on

Hasan Pirkul, dean of the School of Management at the University of Texas at Dallas, hatched the idea for a ranking based on scholarly research.

 

A few years ago, Hasan Pirkul came across an article ranking the operations management departments of different universities. Pirkul, the Turkish-born dean of the School of Management at University of Texas at Dallas, thought the ranking was incomplete but it got him thinking. What if he could compile a database ranking various business schools by their research output in leading journals? “This way we, as B-schools, could benchmark ourselves based on the publications in these journals,” he says.

Pirkul and his colleague Varghese S. Jacob, senior associate dean at the School of Management, put their heads together and the UT-Dallas Top 100 Business School Research Rankings were born in 2005. BusinessWeek and The Financial Times include an academic research component in their rankings, but the UT-Dallas take may well be the single best measurement of business school scholarship currently available.

The latest global survey, which tracks published articles over the past five years from 2006 to 2010, was updated this past March. It has Wharton in the lead, followed by the business schools at Duke, Michigan, New York, and Harvard. Only two non-U.S. schools make the top 20: INSEAD at No. 10 and the Hong Kong University of Science and Technology at No. 18.

Like every other ranking, this one is not without controversy. For one thing, the list  fails to take into account the size of the faculty at each school. It’s silly to compare Wharton, with 459 faculty members, to Dartmouth’s Tuck, with just 76 professors, without adjusting the data for size. In fact, if you make the adjustment, these rankings get turned upside down. Wharton plummets to a rank of 27, behind Duke, Stanford, Chicago, Michigan, Penn State, and Emory, among others. Cornell’s Johnson School jumps to No. 7 from 34, while Dartmouth’s Tuck School rises to 10 from a rank of 44.  (The top 50 ranked schools on the list, including adjusted ranks based on each school’s faculty size, are on the last page of this story.)

For another, it’s important to remember that all the journals measured are not read by practicing managers and executives. Most of them are barely read by other academics. Many of the articles published in these journals would have little if any value to most business executives. Interestingly enough, the academics who put this ranking together don’t include the Harvard Business Review, Strategy and Innovation, or the Sloan Management Review–journals far more likely to be read by practicing managers–than any of the publications counted here.

And finally, there is the issue of UT Dallas itself. How is it possible that this business school–which fails to make four of the five major business school rankings–is ranked 16th, beating out Berkeley, UCLA, Dartmouth, Cornell, and Yale? When you adjust for the size of its faculty, UT-Dallas still comes in at a relatively high rank of 24th, ahead of Wharton, Columbia, NYU Stern, Northwestern Kellogg, and Berkeley’s Haas School of Business.

In this interview, Pirkul explains the rationale behind his research rankings and responds to the criticism:

In a world already cluttered with too many business school rankings, what spurred you to launch a new one?

When we started our rankings, there really was no place where you could check a school’s research productivity. The rankings brought out by BusinessWeek, US News and World Report, etc., were mainly looking at MBA programs or undergraduate programs and they did not take into account research. Financial Times (FT) did, but their results were not really available in a transparent way to researchers and academicians. There was a real need and people wanted to be informed about the strength of a school’s research.

DON’T MISS: RANKING B-SCHOOLS ON INTELLECTUAL CAPITAL or RANKING B-SCHOOLS ON STUDENT SATISFACTION

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  • Cristian Vasquez

    I love the article! However, I would suggest you guys to consider making a ranking that includes costs and average debt into the equation especially because of the huge debt burdens of B-School. Schools with lower overall cost yet high Placement rate and high academic standard should get a little more consideration in my opinion!

  • Jane

    Cristian,

    I believe there are a lot of articles on this site relating to low cost-high placement.

    Note that top b schools are expensive, but they put you out there in relation to career prospects and so on. At the end of the day, you need to figure out what you want for yourself careerwise and so on. Consider the region, classroom experience, faculty and so on.

  • Stacy Phillips

    How about rating rather than ranking?

  • Louis

    This ranking looks stupid and insecure indeed.

  • Guiseppe

    I disagree that BSchools may use this Dallas Ranking to see the academic impact of new hires and their academic supervisors. The Thomson ISI Web is already widely used for research assessment and factor in impact rating for top journals and citation.

    P&Q correctly points out at the distortion of some practical and less published disciplines such as entrepreneurship vs traditional subjects such as finance.

  • John

    A very silly idea, consider the amount of bad research that is circulated out there. As an example, the number of papers that relate people’s opinions on the financial crisis was truly amazing. This study is meaningless without some sort of quality control function. Case studies are not research, they amount to little more than a collection of ideas and opinions. Research should be fact based, to much of the strategy “research” contains too much soft material.

    Why not look at which schools have produced the most Nobel prize winners, which schools can claim the most John Bates Clark Medals, or who has a Field medalist, or maybe made genuine contributions to the field in which they work. There exist a number of true academic prizes that are awarded in all fields, this would allow you to create a real quality adjustment. Academics are told to “publish or perish,” and as such there are a large number of academic journals who are only purchased by other academic institutions and recycled.

    If I were your professor or peer reviewer, I would toss your research out and tell you to comeback when you had something meaningful. I suggest you aspire to increase your fact to opinion ratio.

  • Pkbanerjee

     I agree with your comment John on the relevance issue. I also agree that pressure to publish or perish is forcing academics to produce a lot of inconsqeuential research. But what I do not agree with is your opinion that case studies are NOT research..just a collection of ideas and opinions. What gave you this notion? There are some excellent case studies that provide insights that no amount of survey research can provide. What else is hypotheses in social research but an idea? And why this discomfort with soft material? Management is about soft iossues more than concerete hard issues. So are you suggesting that management should discard soft issues?

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