Tippie School of Management 34th in U.S. News Ranking
The rankings are determined by a combination of factors that include measures of program reputation, placement success, and student selectivity. For the 2002 ranking, U.S. News surveyed 352 accredited MBA programs in the U.S. from among the more than 600 programs that are offered nationally.
Gary Gaeth, associate dean of MBA programs in the Tippie School of Management commented, "I'm absolutely thrilled by the recognition this brings to the program. I'm particularly pleased because our focus has been to improve the Tippie MBA Program by doing the things we know add value--maintaining very high admissions standards and providing curriculum enhancement and professional development for our students. These efforts have resulted in excellent employment opportunities for them, and better careers in management are the reason our students spend the time and effort to earn the MBA degree."
"Media rankings of educational programs such as the MBA should, and for the most part do, reflect program quality. Rankings criteria should not dictate program content or focus," stated Gaeth.
The Tippie School of Management's MBA Career Services Office contributed significantly to this year's successful ranking. The average salary for Tippie MBA grads was $88,783 in 2001, with 86.5 percent employed at graduation; 98.1 percent were employed within three months afterward.
"We have a high-quality program, one that deserves to be highly ranked. I'm pleased with our position in a global market that now contains 1500 competitors," said Gary Fethke, dean of the Tippie College of Business. "The Tippie School competes against both national and international MBA programs, yet we are able to recruit and place quality students."
Fethke added that the Tippie School fares well in other rankings that measure factors besides selectivity, reputation and placement. For example, London's Financial Times, which ranks MBA programs globally and includes faculty research productivity, ranks the Tippie School 49th in the world, 12th among programs at U.S. public universities and fourth in the Big Ten.
Mark Wall, vice president of the MBA Association commented, "The U.S. News ranking is a clear reflection of the outstanding program that The University of Iowa offers. All prospective students should have the Tippie MBA Program on their list of schools to consider. Dean Gaeth has done an outstanding job of molding our MBA program into what it is today. I am confident that this high standard will only improve in the years to come."
All of the rankings, methodology and articles from Best Graduate Schools also are available at U.S. News Online (www.usnews.com). Please note that after April 12, there will be a charge to access this information online.
Contact: George McCrory, UI News Service, 319-384-0012