There was a lot that Anjani Jain liked about Bloomberg Businessweek’s ranking of business schools. It was only when the deputy dean at the Yale School of Management dug deeper that it stopped making sense to him.
Like most publications that rate institutions of higher education, this one chose certain categories to evaluate, such as how much money graduates make, and weighted each category based on its importance. But unlike with many other rankings, Businessweek asked students, recent alumni, and recruiters what was important to them, and used their responses to determine how much weight to give to each of the five categories it used to evaluate schools: compensation, learning, networking, entrepreneurship, and diversity. To Jain, this seemed like a good idea.