The University of Chicago’s Booth School of Business has been slowly (and erratically) been climbing the ranks since 1996. From being ranked #9 in the early 2000’s to a top-five ranking eight out of the last ten years, Booth is enjoying an upward trend.
Last but not least, Columbia Business School has been trending the opposite of Booth, overall, but has ended up in the same place in 2015 as is was in 1996. Once again, we see a precipitous jump from #7 to #3 in only one year, from 1997 to 1998.
What does it all mean? Aside from a few huge jumps from one year to the next year, it once again looks like the rankings for the top business schools stay pretty much the same over time. It seems like the rankings deviate more as you move away from the top-5 schools, which have remained mostly the same over the past 20 years. As for deciding which schools to apply to (or accept admission at), the rankings are just a small factor compared to things like culture, your personal fit with the program, and how the program ties into your goals.
Scott Duncan is an MBA applicant who blogs at ScottDuncan.com.