The Best Business Schools: A Market-Based Approach

Joseph Tracy and Joel Waldfogel

The Journal of Business, 1997, vol. 70, issue 1, 1-31

Abstract: This article introduces a market-based methodology for evaluating the performance of MBA programs. The authors seek to distinguish the quality of a program from the quality of its students. They judge a program's performance by its value added, measured by the graduates' salaries, after accounting for student characteristics and job attributes. While four of the authors' top five programs have been highly ranked elsewhere, ten of their top twenty programs are unranked elsewhere. The authors explore the determinants of value added and find that programs with high faculty salaries and those relying heavily on the case method have significantly higher value added. Copyright 1997 by University of Chicago Press.

Date: 1997
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Working Paper: The Best Business Schools: A Market Based Approach (1994)
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Persistent link: https://EconPapers.repec.org/RePEc:ucp:jnlbus:v:70:y:1997:i:1:p:1-31

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