U-M Ranks in Top Ten in US News for Business and Economics
U.S. News and World Report, one of the leading publications that rank universities and business schools, placed the University of Michigan among the elite schools in the world for Economics and Business, placing U-M twelfth globally and tenth among U.S. universities.
The ranking is based on faculty research published in the best academic journals, and in the case of U-M took into account published research by faculty at Michigan Ross and The College of Literature, Science and The Arts (LS&A) – home to the Economics Department – as well as other schools within the University of Michigan.
U-M is part of an elite Top Ten that includes Harvard University, Massachusetts Institute of Technology, University of Pennsylvania, Stanford, UC-Berkeley, University of Chicago, Columbia University, New York University, and the London School of Economics.
US News also ranks Michigan Ross’ undergraduate business program as No. 3.
“This ranking recognizes the extraordinary experience students get when they attend the University of Michigan,” said Scott DeRue, the Edward J. Frey Dean of the Stephen M. Ross School of Business at U-M. We have numerous dual master’s and undergraduate degree programs that enable students to take advantage of the excellence that exists across the entire university, as well as our linkage with LS&A to provide business undergrads with a well-rounded and holistic education.”
Michigan Ross is the recognized global leader in action-based learning and experiential education. At the same time, the school’s faculty is among the world’s most active in publishing peer-reviewed research at the top journals.
The U.S. News ranking is based on various bibliometric measures, including publications and citations, as well as indicators for global and regional reputation in each specific subject to come up with its ranking. The magazine draws its data for published research from the Web of Science, which tracks over 12,000 influential scholarly journals worldwide. U.S. News found only 57 universities globally with faculty that have published 500 or more papers on economics and business in these journals, with U-M being one. Overall, the magazine ranks 200 universities on these two subjects of business and economics.
Why is this ranking important?
Poets & Quants said of the ranking: “[One] way to interpret the list is to gauge the likelihood of interdisciplinary studies for business school students. The higher the overall global rank of a university, for example, the more likely it is that business and economics students can gain greater exposure to other core disciplines related to business whether in health, the environment, law or other subjects.” In other words, Michigan Ross is among the very best globally at providing students with a multidisciplinary student experience.
“We offer students unique learning opportunities, not only in business, but across a full range of disciplines – from technology to healthcare, public policy, law, and education, among others,” said DeRue. “We are developing leaders who have the character and capabilities to create a better world through business, and multidisciplinary learning is essential to that mission. It makes for an amazing academic and learning experience, as well as the largest, most diverse, and highly connected alumni network in the world.”