January 23, 2002
Financial Times Survey of Top 100 Business Schools Highlights Entrepreneurial Studies at UCLA Anderson
Los Angeles — UCLA Anderson was named “Best in Entrepreneurship” by the Financial Times in its fourth-annual survey of business education, the results of which were published Monday, Jan. 22.
UCLA Anderson placed first in entrepreneurship and is ranked among the top 20 schools overall in the Financial Times' 2002 survey of the world's top 100 full-time MBA programs.
Bruce G. Willison, dean of UCLA Anderson, said its top-rated program in entrepreneurship capitalizes on integrating the school's strengths in core disciplines such as finance, marketing, operations and technology management, business economics and human resources. "The success of the Harold Price Center for Entrepreneurial Studies is a reflection of the high caliber of the school's teaching, research, and experiential programs across disciplines," Willison said.
The Price Center has worked to integrate the value of entrepreneurial studies across fields, as well to make entrepreneurial activities, studies and issues part of the school's overall curriculum, said Alfred E. Osborne, Jr., director of the center. "The entrepreneurship program at UCLA is an interdisciplinary and school-wide experience in which students draw upon the knowledge they have gained in functional fields to build entrepreneurial competence," Osborne said.
The Financial Times rankings are predominantly a measurement of MBA graduates' success in terms of earnings and career progression, including average salary levels over the three years after graduation and the percentage increase in those salaries. The Financial Times selected 149 business schools to participate in the 2002 MBA rankings, and surveyed 21,342 alumni from the 1998 graduating classes of those schools. Some 6,147 surveys were returned, yielding a 28.8 percent response rate. In addition to the alumni survey, the rankings are based on a review of faculty research published in leading journals, and a business school questionnaire.
UCLA Anderson continues to maintain its prominent standing among top tier of business schools worldwide. UCLA Anderson placed 13th among U.S. management schools, and ranked 16th overall. The University of Pennsylvania's Wharton School and Harvard Business School nabbed the No. 1 and No. 2 spots, respectively, for the second year in a row. Columbia, Stanford and University of Chicago tied for the No. 3 spot. Also in the top 10 were Insead of France and MIT's Sloan School (tied for 6th), New York University's Stern School (8th), London Business School (9th), and Northwestern University's Kellogg School (10th).
Following are additional highlights from the Financial Times ranking:
Earnings and Career Progression
About 53 percent of the rankings are based on measures related to salary and career. In terms of salary, Anderson was ranked No. 9 in salaries reported by alumni in the banking and finance sector.
Anderson ranked 4th in the "Placement Success" category. UCLA Anderson's high-quality career placement services are reflected by a high score in this area, ahead of such schools as Wharton, Harvard, Columbia and Stanford. This measure reflects the percentage of 1998 alumni who gained employment with the help of their school's career management services.
UCLA Anderson ranked 11th in career progress, tied with Wharton. This criterion measures the degree to which alumni have moved up the career ladder three years after graduating.
Anderson placed 13th in the measurement of alumni "weighted salary," ahead of Dartmouth College's Tuck, UC Berkeley's Haas, the London Business School and IMD. This measurement represents the alums' average salary over the three years, adjusting for variation between sectors and the weight of the category (20% of the total).
UCLA Anderson ranked 12th in the Financial Times' research rating. Representing 10% of the total score, this criterion represents a rating of faculty publications in 35 international academic and practitioner journals.
International and Diversity
UCLA Anderson does extremely well in terms of exposing its students to study abroad. The school ranked 25th in the FT's "International Experience" ranking, ahead of the overall top 10 ranked schools with the exception of the London Business School.
UCLA Anderson also has a high percentage of female students — 30% — ranking higher in this area than Insead, MIT, IMD and Berkeley.
UCLA Anderson is ranked in the top tier of graduate business schools in the United States. Established in 1935, The Anderson School today has 134 faculty members who serve over 600 full-time MBA students, approximately 400 fully employed MBA students, nearly 140 executive MBA students, and 65 Ph.D. students.
The School's faculty includes some of the most outstanding educators and researchers from both the academic and business world. Their combined expertise and experience in such fundamental areas as finance, marketing, economics, human resources and organizational behavior, accounting, information systems, operations and technology management and strategy and organization comprise the core of UCLA Anderson's MBA program.
To view the complete report, visit http://specials.ft.com/businesseducation/FT3S5ND9MWC.html