In an interview with Poets & Quants‘ Neelima Mahajan-Bansal, Hasan Pirkul discussed a business school ranking unlike those in BusinessWeek and Financial Times. Pirkul, dean of the School of Management at University of Texas at Dallas, and his colleague, Varghese S. Jacob, created a ranking survey based entirely on faculty research.
The Top 100 Business School Research Rankings were first released in 2005.
The global survey is out again, tracking business school scholarship from 2006 to 2010. Updated in March, the list is led by Wharton, Duke, Michigan, New York and Harvard.
“When we started our rankings, there really was no place where you could check a school’s research productivity,”Pirkul told Poets & Quants. “The rankings brought out by BusinessWeek, U.S. News and World Report, etc., were mainly looking at MBA programs or undergraduate programs and they did not take into account research. Financial Times 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.”
The team referenced 24 scholarly journals in tallying research. Other rankings include measures of scholarship in various ways, including surveying journals.
Mahajan-Bansal notes faculty size is not taken into account in the ranking, meaning schools with larger faculty rosters tend to produce higher numbers. Poets & Quants created an adjusted ranking “by dividing a school’s index score by the size of its total faculty.”
When size of faculty was taken into account, Emory’s Goizueta Business School ranked No. 6.
Wharton fell to No. 27 in the adjusted rank while Duke (1), Michigan (4), Maryland (8), Chicago (3) and Stanford (2), moved but remained in the top 5.
Additional sorting options and the Top 100 rankings can be found here.
Pirkul said the ranking process originally included scaling and attention to faculty size but some key information was not reported by institutions. He said faculty, deans and potential PhD students make up the audience for the “Top 100″ ranking.