CONTACT: GEORGE MCCRORY
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Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
e-mail: george-mccrory@uiowa.edu

Release: Oct. 14, 2002

Business Week ranks University of Iowa MBA program among top 50 schools

In its 2002 guide to business schools, Business Week ranked the Henry B. Tippie School of Management's MBA program among the top 50 in the nation.

Business Week ranks the top 30 business schools numerically and lists the next 20 as a group. The University of Iowa MBA program appeared in the latter group; it has been in Business Week's top 50 ranking for the past 10 years.

Business Week ranked the schools based on responses from student and recruiter surveys. Graduates were asked to rate their schools on such issues as teaching quality, program content, and career placement. Recruiters rated their top 20 schools according to the quality of a B-school's graduates and their company's experience with MBAs past and present.

"We are pleased to remain in the top 50 of Business Week's 2002 ranking of the best business schools. We are among some of the best full-time MBA programs that compete in a very competitive market," said Gary Gaeth, associate dean of MBA programs in the Tippie School of Management.

The Tippie School of Management's full-time MBA Program has 158 students from 11 countries and 18 states within the U.S. The students' average Graduate Management Admissions Test (GMAT) score is 640 and has 3.44 years of work experience. This fall, 78 students entered the second year of the full-time program; they will graduate in spring 2003.

The Tippie School has continued to work hard to recruit, retain and support its MBA students. "We are dedicated to recruiting the best candidates, adding value to students’ education and professional development while at the university, and supporting them as they enter the employment arena," Gaeth said.

Business Week, which has been evaluating business schools since 1988, sent questionnaires to 16,906 MBA graduates of the class of 2002 at schools across the world. In addition, Business Week sent surveys to 420 companies that recruit MBAs. Of those polled, 11,518 students and 219 companies responded. Student and recruiter survey results are weighted equally. In addition, Business Week also measured the power and quality of ideas--the intellectual capital--generated by B-school faculties, tallying academic journal entries from 18 publications. Business Week also searched The New York Times, The Wall Street Journal, and Business Week, adding points if a professor's book was reviewed there. The tallies were adjusted for faculty size, with the final intellectual capital score accounting for 10 percent of the ranking process.

For more information about the UI MBA program, see http://www.biz.uiowa.edu/mba/ or call (319) 335-1039.