The Mendoza College of Business MBA Program at the University of Notre Dame is ranked 24th among U.S. business schools in the Bloomberg Businessweek magazine’s biennial survey, “The Best U.S. Business Schools 2010,” released Thursday.
“The Mendoza College holds the point of view that business is a necessary good. However, to achieve this potential, we need to develop leaders with a strong sense of integrity and dedication to the greater good,” said Carolyn Y. Woo, Martin J. Gillen Dean. “This is the mission of our program. Many individuals have supported us in our work on this mission and we view this ranking as a means to advance our purpose.”
The Mendoza College earned an “A” for its career services and an “A+” for faculty teaching.
“At Notre Dame, the MBA program enjoys a remarkable community that shares a steadfast commitment to positively impact the world by way of the accomplishments of our faculty, staff, students and alumni,” said Edward J. Conlon, associate dean of Graduate Programs at the Mendoza College. “It is gratifying to receive rankings recognition for the collective efforts of this community.”
Alumni comments included with the survey mentioned the Notre Dame MBA program’s reputation for ethics, strong reputational recognition, its collaborative environment, and committed alumni network. “In addition to vastly expanding and refining my prior knowledge of business principles, the Notre Dame MBA challenged me to open my mind to new frames of thought, new ways to view problems, and the world of possibilities surrounding my personal future as a professional,” said one.
“Notre Dame is a special place and is more than an MBA factory,” said another graduate. “The faculty and administration value the dignity of individuals and foster a collaborative environment.”
The top three ranked schools were the University of Chicago Booth School of Business, Harvard Business School and the Wharton School at the University of Pennsylvania.
A story accompanying the Bloomberg Businessweek’s 2010 ranking noted that for the top full-time MBA programs, the job search has grown far more arduous due to the financial crisis killing or downsizing some of the biggest MBA employers, including Bear Stearns and Lehman Brothers. Three months after graduation in 2007, only 4 percent of grads at the 30 top schools did not have a job offer, according to Bloomberg Businessweek. That figure has risen to 12 percent, and at some schools it’s more than double that. To combat this trend, schools are finding new ways for students to connect with companies that might not recruit on campus and are teaming up to bring students to the recruiters.
The rankings’ methodology involved surveying MBA graduates and corporate recruiters as well as evaluating the intellectual capital produced by business school faculty. For a full explanation of the methodology, visit “How We Rank Business Schools.”
The Notre Dame MBA, which offers one-year and two-year programs, is noted for its innovative teaching in the area of problem solving and for its emphasis on personal and corporate ethics as well as social responsibility. The program features action-learning and immersions in Asia and Latin America. The Mendoza MBA Program was ranked No. 5 on the Aspen Institute’s Beyond Grey Pinstripes, a biennial ranking and survey of top U.S. business schools’ incorporation of social and environmental stewardship into their curricula and research. For more information, visit business.nd.edu/mba/