The Methodology Behind P & Q’s Best MBA Programs for Entrepreneurship in 2022

How to measure the impact and value of an MBA program? There is no perfect way, that’s for sure. But we’ve spent the last few years thinking about it and taking feedback from business schools into account to create what we believe is the best methodology for an entrepreneurship-focused ranking in the marketplace.

For three years now, we have been ranking full-time MBA programs for entrepreneurship. This year has seen our biggest methodological changes.

Each year, we make our survey and methodology available to schools in a Google document and ask them to give us their feedback. We then consider all comments and suggestions provided and make changes based on what we believe will improve the value of the ranking for our readers and business schools. This year, we included 16 data points, up from ten last year. However, to minimize major changes in the ranking result, we gave the new data points a weight of 2.5%.

A MORE COMPLETE AND IMPROVED METHODOLOGY

The changes provide an even more comprehensive methodology and ranking that measures many parts of the entrepreneurial experience. Like last year, the two highest-weighted categories are the average percentage of MBAs who start businesses during or immediately after B-school and the percentage of MBA electives that are 100% entrepreneurship-oriented and / or innovation.

Some of the other more weighted categories include data on the number of members of the school’s main entrepreneurship club, incubator or accelerator space available for MBAs, entrepreneurs in residence available for MBAs, and start-up bonuses available for MBAs. This year we added data points in the methodology like the percentage of MBA joining start-ups in their first job after school B, the percentage of MBA professors actively involved in a startup outside of school and the number of mentors available for MBA.

We use ratios and percentages for all measures used in the methodology. We do this to get a feel for what the resources are for individual students.

38 SCHOOLS RANKED THIS YEAR

This year, a total of 38 schools were ranked. That’s down from 50 last year, but of the 50 schools ranked last year, 28 voluntarily submitted surveys. This year that number has grown to 29. The remaining nine schools were included based on publicly available data we collected and averages of data collected from other schools.

This year’s methodology:

  • Average percentage of MBA students starting a business within three months of graduating between 2017 and 2020 (15%)
  • Percentage of MBA electives with 100% of the program focused on entrepreneurship or innovation (15%)
  • Percentage of MBA students in the main entrepreneurship club run by students of School B in the academic year 2020-2021 (10%)
  • Ratio of square feet of incubator or accelerator space available for MBA students to MBA students in the 2020-2021 academic year (10%)
  • Ratio of entrepreneurs in residence / MBA students during the 2020-2021 academic year (10%)
  • Ratio of start-up bonus money available to MBA students in the 2020-2021 academic year (10%)
  • Average percentage of MBA students accepting a venture capital or private equity position within three months of graduation between 2017 and 2020 (5%)
  • Percentage of full-time MBA professors teaching an entrepreneurship or innovation course in the 2020-2021 academic year (5%)
  • Average percentage of students joining (accepting a job in) a startup within three months of graduation between 2017 and 2020 (2.5%)
  • Percentage of MBAs having taken an elective course in entrepreneurship and / or innovation during the 2020-2021 academic year (2.5%)
  • Percentage of core MBA courses with at least 50% of the curriculum focused on entrepreneurship or innovation in the 2020-2021 academic year (2.5%)
  • Percentage of MBA students involved in a startup or startup project during the 2020-2021 academic year (2.5%)
  • Ratio of entrepreneurship-focused mentoring hours to MBA students in the 2020-2021 academic year (2.5%)
  • Ratio of entrepreneurship-focused mentors available to MBA students to MBA students in the 2020-2021 academic year (2.5%)
  • Percentage of MBA professors involved in a startup or startup project during the 2020-2021 academic year (2.5%)
  • Start-up and / or entrepreneurship funding ratio available for MBA students during the 2020-2021 academic year (2.5%)

Methodology from last year:

  • Percentage of MBA students who start a business within three months of graduating between 2017 and 2019 (20%)
  • Percentage of MBA electives with 100% of the program focused on entrepreneurship or innovation (20%)
  • The ratio of MBA students / accelerator space available for MBA students (10%)
  • The ratio of MBA students to entrepreneurs in residence available to MBA students (10%)
  • Total amount of start-up bonus available for MBAs (10%)
  • Percentage of MBA students in the school’s main entrepreneurship club (10%)
  • Percentage of full-time MBA professors teaching an entrepreneurship or innovation course (5%)
  • Percentage of MBA students accepting venture capital or private equity positions within three months of graduation between 2017 and 2019 (5%)
  • Percentage of core MBA courses with at least 50% of the curriculum focused on entrepreneurship or innovation (5%)
  • Percentage of clubs run by MBA students focused on entrepreneurship or innovation (5%)

TOTAL TRANSPARENCY: ALL DATA AND METHODOLOGY ARE AVAILABLE

Other publications with entrepreneurship rankings focused on business schools include US News, The Princeton Review, and The Financial Times. All have their faults. The US News The ranking, similar to that of undergraduate business schools, is little more than a popularity contest. Deans and senior professors are encouraged to rate programs on a scale of one to five. Princeton Review uses a convoluted, bogged down methodology that looks at the raw numbers instead of the size of the program, which greatly favors larger schools with more graduates. And The Financial Times is little more than an extension of the alumni survey FT uses for its actual MBA rankings.

Of course, no ranking is perfect. And the full methodology and data used to compile the rankings should be taken into account by readers. That is why, in addition to the rankings and accompanying reports, we also publish our exact methodology and all the data collected to calculate the rankings. So browse the articles and data and discover 38 of these fantastic programs that are doing innovative work in entrepreneurship education.

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