UM business school on top 25 in survey

April 27, 1991|By David Conn

In 1988 the Greater Baltimore Committee published a report decrying the lack of a graduate business school of national renown in Maryland. The University of Maryland's College of Business and Management is a good school, the report said, "but not considered of national stature."

Yesterday, officials at College Park were able to refute the GBC report officially: In its April 29 edition, U.S. News & World Report magazine ranks the university's school among the top 25 business schools in the nation.

The University of Maryland scored 24th among the 257 accredited public and private master of business administration programs in the nation and 10th among the public schools. It was the first time Maryland made the top 25.

"Making the list only confirms what we have known for years," said Rudy Lamone, dean of the business school. "Maryland is a very good school and all of us -- faculty, students and staff -- promise to continue to make it even better."

"Clearly, this new ranking suggests that they are probably better than they were in '88," said Tom Chmura, of the Greater Baltimore Committee. "Clearly, this shows they are of national rank."

U.S. News ranked other graduate schools and judged the biomedical engineering school at the Johns Hopkins University to be the best U.S. program of its type. Hopkins' medical school came in a close second behind the Harvard University medical school.

The business school survey judged the institutions by their reputation in the eyes of academics and chief executive officers -- Maryland ranked 33rd and 43rd respectively -- as well as by how selective the schools are, their success rates in awarding MBAs within two years and in placing students in jobs. Maryland tallied a 67.7 overall score, according to the magazine, meaning the total of its scores in all categories was about two-thirds of Harvard University's 100 score.

U.S. News also looked at average Graduate Management Admission Test scores (Maryland's are the lowest on the list) and at the average starting salary of graduates (Maryland again scored lowest, with an average salary of $42,925, compared with the $63,000 that the average Harvard business grad earns straight out of school).

Tuition at College Park's business school was among the lowest of the top 25, at $7,139 a year, and its rankings for students' success rates in graduating and finding jobs (13th and 19th respectively), were better than the school's overall rank of 24. With tuition only 43.5 percent of Harvard's, the school could be considered a bargain.

Mr. Lamone said the school has worked to improve the faculty and has drawn attention for the creation of various facilities, including the Michael D. Dingman Center for Entrepreneurship and the Center for Quality and Productivity.

And last fall, the U.S. Department of Education gave Maryland a $720,000 grant, one of 16 awarded nationwide, to establish a center for international business education.

Top 25 business schools

Here are the 25 graduate schools of business with the highest scores in a U.S. News Survey.

.......................Overall Out-of-state Acceptance Avg. starting

Rank/School ............score.. tuition (90)........ rate ... salary

1.Harvard University ...100.0... 16,400 .............15.0 .. 63,000

2.Stanford University... 97.9... 16,575 .............10.2 .. 60,500

3.Univ. of Pa. (Wharton) 92.7... 16,500 .............19.4 .. 55,000

4.Northwestern U. (Kellogg) 91.1 16,650 .............22.6 .. 54,000

5.Mass. Institute of Tech. .89.8 17,250 .............21.3 .. 59,000

6.University of Chicago .87.8 ...16,700 .............30.0 .. 54,500

7.Duke U. (Fuqua) .......86.0 ...16,200 .............18.2 .. 51,000

8.Dartmouth College, N.H. 85.6 ..16,500 .............13.4 .. 57,000

9.Univ. of Virginia (Darden) 85.4 11,700 ............23.0 .. 55,269

10.Univ. of Michigan .....85.2 ...15,700 ............32.4 .. 53,300

11.Columbia University ...84.5 ...16,300 ............37.1 .. 52,000

12.Cornell U. (Johnson) ..81.1 ...16,100 ............14.9 .. 50,700

13.Carnegie Mellon U., Pa. 78.5 ..16,500 ............31.2 .. 52,050

14.Univ. of N.C.-Chapel Hill 78.3 .5,600 ............15.4 .. 50,800

15.Univ. of Calif.-Berkeley .77.4 .7,800 ............24.7 .. 50,000

16.Univ. of Calif.-L.A. ...76.7 ...8,135 ............20.7 .. 51,494

17.Univ. of Texas at Austin 76.2 ..3,648 ............28.1 .. 43,985

18.Indiana U.-Bloomington 76.1 ....8,175 ............29.0 .. 44,119

19.New York U. (Stern) ....74.6 ..15,490 ............35.0 .. 53,161

20.Purdue U., Ind. ........73.4 ...6,764 ............26.8 .. 43,500

21.Univ. of Southern Calif. 71.7 .14,378 ............31.9 .. 49,080

22.Univ. of Pittsburgh, Pa. 68.7 .16,860 ............33.0 .. 43,500

22.Georgetown U. ..........68.7 ..14,500 ............31.7 .. 45,156

24.UM-College Park ........67.7 ...7,139 ............28.1 .. 42,925

25.Univ. of Rochester, N.Y. 67.2 .14,700 ............35.9 .. 44,499

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