In an inaugural ranking of online MBA programs, U.S. News & World Report yesterday (Jan. 11) named 14 of 164 ranked programs to an alphabetical “honor roll” of what it considers the best business school in Internet education. They include Arizona State University’s W.P. Carey School of Business, Indiana University’s Kelley School of Business, and George Washington University’s School of Business.
The U.S. News online list is the first stab at ranking online MBA programs by a major media brand. As such, it’s a somewhat awkward and confusing first effort. The methodology employed by the magazine to rank programs is less than clear. The entire undertaking, moreover, is based only on surveys to business schools whose self-reported information is unaudited and unverified.
Oddly, the online program by the business school with the highest ranked full-time MBA program—the University of North Carolina’s Kenan-Flagler Business School–isn’t on the honor roll list at all. The reason: it was only started last year.
The magazine also offers no overall ranking of the best programs because the unaudited information it received from the schools was deemed too unreliable by U.S. News to create an overall list. Instead, U.S. News decided to rank schools in four separate categories based on the data from the schools. The schools that made the magazine’s “honor roll” had to be ranked in the top third of three of the four categories.
1) Admissions selectivity.
2) Faculty credentials and training.
3) Student engagement and accreditation.
4) Student services and technology.
The 14 schools that were in the top third of these four categories and therefore made U.S. News’ “honor roll” are an unusual lot. At least five of the 14 are running online MBA programs that are not approved by the primary accreditation group for business schools, the Association to Advance Collegiate Schools of Business (AACSB). One of them–the Florida Institute of Technology with the largest enrollment (2,188)–told U.S. News that the graduation rate in 2011 for its students was only 27% after two or three years in the program. This program reported having only one full-time faculty member and 84 part-timers. It also reported to U.S. News that only 27% of its students who attended the program for two to three years graduated in 2011.
U.S. NEWS’ ‘HONOR ROLL’ ONLINE MBA PROGRAMS OF 2011
|School||GMAT Score||GPA||Acceptance Rate||Enrollment||Ave. Age||FT Faculty||PT Faculty|
|Arizona State University Tempe, AZ||572||3.24||62%||548||31||19||2|
|Arkansas State University Jonesboro, AK||520||3.04||77%||30||32||10||0|
|Brandman University Irvine, CA||NA||NA||NA||190||37||9||42|
|Central Michigan Univ. Mount Pleasant, MI||530||3.52||62%||208||38||16||5|
|Clarkson University Potsdam, NY||500||3.35||85%||60||34||19||1|
|Florida Institute of Tech Melbourne, FL||NA||NA||NA||2,188||36||1||84|
|Gardner-Webb University Boiling Springs, NC||NA||NA||NA||558||NA||19||50|
|George Washington Univ. Washington, D.C.||NA||NA||NA||226||43||8||5|
|Indiana University Bloomington, IN||622||3.34||76%||833||31||76||10|
|Marist College Poughkeepsie, NY||511||3.34||39%||169||31||11||5|
|Quinnipiac University Hamden, CT||521||3.31||68%||225||35||22||4|
|Temple University Philadelphia, PA||549||3.01||78%||43||35||18||1|
|Univ. of Houston–Clear Lake Houston, TX||NA||NA||NA||NA||NA||67||26|
|University of Mississippi University, MS||NA||NA||NA||56||NA||12||1|