BY Meghan is lazyOctober 19, 2022, 2:26 PM
Artwork by Martin Laksman
There is a competitive market for part-time MBA programs that offer the same rigorous coursework, valuable network, and access to faculty and resources as a traditional MBA program, but on a schedule that suits working professionals. This is why, for the second consecutive year, Fortune ranked part-time MBA programs.
This year, we’ve ranked 59 business schools in our list of the best part-time MBA programs. To rank these programs, we used data collected through school-submitted questionnaires, data points available on school websites, and information collected from companies and executives. The final ranking is determined by three parts: the program score, the brand score and Fortune 1000 dots.
As with any MBA program, one of the biggest benefits of a part-time MBA is the network of other professionals you meet at school. Part-time MBA students are already pursuing their careers while taking courses, which means they can apply what they learn from the program in real time and share their experiences and discoveries with their classmates . MBA peers can help each other balance school, work and life during the program – and this network can also help open career doors. That is why Fortune places considerable importance on the strength of participants in a program.
Outcome data, such as salary and job information, is not widely provided by the part-time MBA programs we surveyed. Therefore, for this score, we considered factors such as the average number of years of work experience, average GMAT score, and average GPA of incoming students. Schools with no average GMAT score (or too few students submitting one) could still be ranked. However, the lack of this information reduced their program rating.
If schools did not provide these three parameters, Fortune extracts information from their websites. This was the case for the University of Michigan-Ann Arbor (Ross), Carnegie Mellon University (Tepper), the University of Southern California (Marshall) and Ohio State University (Fisher).
Fortune partnered with Ipsos to survey thousands of professionals and hiring managers to get their thoughts on specific B schools. This metric looks at business school brands, not just their part-time MBA programs.
Ipsos has deployed a survey methodology similar to what it would use if asked by a consumer brands company to rate the strength of its brand. For this study, Ipsos interviewed a total of 2,500 professionals. These professionals work at a company, have attended college and/or college, and are familiar with at least two of the schools in our selection.
Ipsos completed the fieldwork in March 2021. The total duration of each interview was 13 minutes. The results gave a confidence interval of 95%, which gives us a maximum margin of error of ±1.96%. This analysis was done on a regional basis. The exception being the top 20 business schools in the country (according to the latest US News & World Report rankings), which we also measured on a national basis.
The final score produced is a business school’s attitudinal equity (AE) measure. This tells us, according to Ipsos, “how badly a group of people want to recruit at university. It is the part of the spirit of the university. (Read more about attitudinal equity scores here.)
Good business schools help graduates land good jobs, while elite programs help train future business leaders. We sought to find schools with a good track record in the latter case. That is why Fortune examined the number of MBA alumni from each school who are executives (C-suite only) at Fortune 1000 companies. This includes everyone from CEOs to CFOs to CIOs. most Fortune 1000 C-level placement, the higher the school level Fortune 1000 dots.
A school’s score includes Fortune 1000 C-levels who have obtained an MBA from the school (regardless of type of MBA program).
(Note the Fortune 1000 are the 1000 largest publicly traded companies in the United States ranked by revenue, compiled by Fortune.)