Tag Archives: rankings

Foster MBAs tapped for high-demand jobs in consumer products, technology

The Foster School is one of the nation’s top two producers of MBA graduates working in consumer products according to U.S. News & World Report data analyzed by Poets and Quants.

Eighteen percent of Foster graduates secured consumer products positions in 2014, higher than any other school except the Kelley School. And more than 40 percent of Foster graduates landed jobs in the fast-growing technology industry, where Foster and Berkeley were the top two schools for placement. More than 20 percent of Foster MBA graduates also secured positions in the high-demand consulting sector.

The Foster School ranks third of the top 25 schools in the U.S. for job placement, with more than 95% of MBAs employed within three months of graduation. Graduates earned an average compensation of $129,828 across all industries and carried very low debt, earning Foster recognition by U.S. News as the Best Bang for the Buck.

Foster School ranks 2nd in the nation in management research productivity

management-and-organization-faculty-3369-L[1]The University of Washington Foster School of Business has the second most productive management research faculty in North America, according to a study out of Texas A&M University.

The annual “Management Department Productivity Ranking” tallies total contributions to the eight most influential scholarly journals in the discipline of management, and ranks business schools across the United States and Canada according to the number of those contributions attributed to their faculty members.

In the year 2014, faculty in the Foster School’s Department of Management & Organization published 16 papers in top management journals. This includes three in the Academy of Management Journal, four in the Journal of Applied Psychology, five in Organizational Behavior and Human Decision Processes, two in Organization Science, and two in Personnel Psychology.

The study’s authors note that this productivity ranking measures pure numbers of publications in top journals. There is no “per capita” adjustment for size of research faculty at a given school (putting midsized faculties, such as the Foster School’s, at a disadvantage to larger faculties). Only management departments are included in the ranking, and only one school affiliation per article is counted.

The eight management journals included in the ranking are: Academy of Management Journal, Academy of Management Review, Administrative Science Quarterly, Journal of Applied Psychology, Organization Science, Organizational Behavior and Human Decision Processes, Personnel Psychology, Strategic Management Journal.

In an aggregate of the past five years of Management Department Productivity Rankings, the Foster School is listed 11th in North America.

Top 11 in Management Research Productivity (2014)

1   University of Pennsylvania (20 publications)
2   University of Washington (16)
2
   Penn State University (16)
4   New York University (15)
4   University of Michigan (15)
6   Arizona State University (14)
7   Harvard University (11)
7   Michigan State University (11)
7   Temple University (11)
7   University of Minnesota (11)
7   University of Toronto (11)

Foster delivers best bang for the buck

U.S. News & World Report recognized Foster as the highest-ranked MBA program with the best bang for the buck in its recent analysis of graduates’ salaries and average debt. According to the article, Foster graduates “who were employed within three months after graduation in 2014 have an average annual starting salary of $105,680, and those who borrowed had an average debt of $29,720 for business school.” Read the full story.

Foster was also the top-ranked program listed in U.S. News’ top 10 MBA programs where grads can afford their student loans.

When rankings focus on student results, Foster rises to #12 in U.S.

If business schools were ranked based on MBA students’ results, the Foster School would leap to #12 in the country, according to MBA ranking site, Poets & Quants.

Poets & Quants re-ranked the schools in response to a recent Fortune magazine essay by Dean Glenn Hubbard of Columbia University’s Business School, who recommended weighting the MBA rankings based on student inputs and outputs. Hubbard wrote, “Every business school dean, myself included, will tell you that their school is the best, so as much as it pains me to say, you should probably look past the deans. Instead, look to the students. It’s in the student network that you will find the metrics that matter for assessing any business school: inputs and outputs.”

What would a new ranking focused on student metrics look like?
Poets & Quants analyzed publicly available data to re-weight the ranking of the top 25 business schools in the U.S. When those student inputs – applications per seat and yield (acceptance of admissions offers) and outputs – job placement rates and pay – are weighted most heavily, schools that focus on student results rise to the top.

Based on the student performance factors, Foster ranks #12, above Duke, Yale, Cornell and Michigan, and third among public schools.

Poets & Quants
A New Ranking Of The Top Business Schools

School Index P&Q Rank Apps per seat Yield Pay Jobs
  1. Stanford 100.0 1 17.9 78.7% $142,834 92.1%
  2. Harvard 91.3 2 10.2 88.8% $144,750 89.4%
  3. MIT 86.2 7 11.7 62.3% $142,936 92.8%
  4. Berkeley 85.3 10 14.4 52.5% $140,935 86.7%
  5. Wharton 82.0 4 7.1 68.0% $142,574 95.6%
  6. Columbia 81.6 5 7.8 70.4% $139,006 91.1%
  7. NYU 79.8 10 11.3 48.7% $135,933 90.4%
  8. Chicago 79.0 4 7.2 59.4% $137,615 97.2%
  8. Tuck 79.0 8 8.7 52.2% $142,489 93.8%
10. UCLA 78.1 14 11.7 48.2% $127,535 88.6%
11. Kellogg 77.2 6 6.7 63.9% $136,357 88.6%
12. Foster 75.9 23 9.8 44.7% $125,367 95.8%
13. Darden 75.5 13 8.4 45.8% $136,474 93.4%
14. Duke 75.4 9 7.8 50.9% $137,154 89.8%
15. Yale 73.9 12 8.5 49.5% $126,871 88.9%
16. Olin 73.1 24 12.1 30.9% $111,974 96.9%
17. Cornell 72.8 15 6.3 52.6% $132,316 89.8%
18. Emory 72.5 20 7.5 43.5% $128,347 94.8%
18. Michigan 72.5 11 5.5 50.9% $140,497 89.7%
20. Texas 72.0 19 7.9 44.4% $126,160 91.3%
21. Tepper 71.4 17 6.9 46.6% $131,865 88.3%
22. Kelley 68.4 20 6.6 45.6% $119,581 88.1%
23. UNC 67.6 18 6.8 37.9% $124,641 89.0%
24. Owen 66.3 25 5.3 44.7% $113,830 90.8%
25. Georgetown 64.4 22 6.1 34.5% $118,938 88.5%

Source: Poets & Quants analysis from publicly available data

Read Dean Hubbard’s full essay in Fortune and the How A Dean Would Rank Business Schools article in Poets & Quants.

Learn more about Foster’s current rankings.

Foster climbs U.S. News entrepreneurship ranking

U.S. News & World Report recently released its “Best Graduate Schools for 2012″ rankings, and the University of Washington Foster School of Business was ranked 14 in the specialty area of entrepreneurship. For 2011, the school was ranked 16 and the year prior 20.

The steady rise in the rankings is particularly gratifying for Foster’s Center for Innovation and Entrepreneurship (CIE). Approaching its 20th anniversary, CIE has become the hub for entrepreneurial education and activity across the University of Washington campus, and an integral part of the Northwest’s entrepreneurial community.

“You need to have community. Obviously, a collection of great entrepreneurs is essential, yet it’s also about having a community of people who can foster creativity and provide funding and mentorship,” says Shelley Whelan, principal of Keeler Investments Group and a Foster School alumna. “CIE does a great job of bringing these stakeholders together with students to keep our community active and engaged.”

These relationships have been incredibly beneficial for students of the Foster School, as well as for other colleges at the university. Prime examples are the Center’s annual Business Plan Competition and Environmental Innovation Challenge. In both instances, students benefit from interaction with hundreds of the Northwest’s top venture capitalists, lawyers, angel investors, policy makers, scientists, and more.

The result? “CIE is a catalyst for new ventures,” says Jeremy Jaech, the former CEO of Verdiem Corporation. “For students who are entrepreneurially inclined, it is a place to meet like-minded people and learn what it takes to launch a successful business.”

Such interaction goes a long way. Since its inception 13 years ago, CIE’s Business Plan Competition has awarded nearly $1 million in prize money to 87 student companies, many of which go on to start their businesses. They do so in a region known as a launching pad for globally recognized companies both old and new—Amazon, Boeing, Costco, Expedia, Microsoft, Nordstrom, Real Networks, Starbucks, ZymoGenetics….

“Seattle is entrepreneurial in nature and the appeal continues to grow,” says Troy Cichos, administrative partner at Madrona Venture Group and a judge for CIE’s Business Plan Competition. “Entrepreneurship is like a fly wheel—once you get it going, more people become aware, more people give it a try, more become involved, and the energy continues to grow.”

UW CIE Named #7 in Princeton Review/Entrepreneur Magazine Top 25 Graduate Entrepreneur Programs

The Center for Innovation and Entrepreneurship (Foster Business School) was just ranked #7 in the 2009 Top 25 Graduate Programs in Entrepreneurship by the Princeton Review/Entrepreneur Magazine. The ranking surveyed data from more than 2,300 programs, focusing on academic offerings, students and faculty, companies launched, cross-campus partnerships, competitions and other activities outside the classroom. PR/EM cited the UW Environmental Innovation Challenge, the Technology Entrepreneurship Certificate for MBA and engineering students, and market research internships with UW Tech Transfer’s LaunchPad among the innovations that differentiated the Center from its peers.

“Validation is sweet,” said Connie Bourassa-Shaw, CIE’s director. “We know we have the courses, faculty, students, activities, and cross-campus and community relationships that turn ‘entrepreneurship education’ into ‘entrepreneurial reality.’ What drives us is the absolute conviction that our entrepreneurial students—and research faculty as well!—can use the resources of the Center, the UW, and Seattle to get their next companies up and running.”

CIE is grateful to the Foster faculty, board members, sponsors, coaches and mentors, TechTransfer, and our stellar students for helping us create the roadmap for such a well-recognized program.