Tuesday, August 31, 2010

College Rankings: the right way to rank

When most people (and colleges) reference a college's "ranking," they're typically referring to U.S. News & World Report rankings that have been running steady since 1983 and have helped to transform a once moderate admissions process into one that's far more competitive and stressful, both for colleges and applicants. But that's old news on an old topic I've written about before.

I want to share with you a few other means of ranking colleges that will hopefully help some applicants prioritize their lists and get a better picture of the school that fits their priorities. Take these sources of information loosely, as studies like the Wall Street Journal and Ph.D. study have pretty small data sizes and the difference between 4th and 12th place might be less than a 5% difference. The general idea is that even making it on these rankings should be impressive.

The Wall Street Journal "Top 50 Feeder Schools" is a list of colleges that send the highest percentage of graduates to Ivy League and other top law, business, and medical graduate schools. I like that the list includes liberal arts colleges and gives you a good picture of how successful very small colleges are at producing successful graduates. Most of the rankings are as you would expect; Harvard, Yale, and Princeton take the top three, but there are some small colleges like Williams (5) and Pomona (13) that also prove that they have a formidable reputation in graduate school's eyes. I think this is a great reminder to go to the school that fits you best, even if it is a tiny liberal arts college that no one has heard of, and a testament to the idea that names don't always mean everything.

Another metric I like to use is the percentage of graduates who go on to get a Ph.D. Again, merely making the list is a really impressive indicator of academic excellence. These rankings are nice in that you can look up individual departments to see what schools have strong programs for a given major. Especially for those of you looking to go onto non-professional graduate school, to something like English or Physics, these rankings would be a great source to reference even if not for a Ph.D. Another trend that has helped me a lot is that this figure tends to be associated with how intellectual or nerdy a college environment is, so there is definitely a lot to work with out of this study.

The Forbes magazine rankings "America's Best Colleges" uses a similar approach to U.S. News & World Report but uses slightly different weighting and factors that make these rankings more about value and educational quality versus U.S. News's emphasis on endowment and reputation. They based 25 percent of their rankings on seven million student evaluations of courses and instructors, as recorded on the web site RateMyProfessors.com. Another 25 percent depended upon how many of the school’s alumni, adjusted for enrollment, are listed among the notable people in Who’s Who in America. The other half of the ranking was based equally on three factors: the average amount of student debt at graduation held by those who borrowed; the percentage of students graduating in four years; and the number of students or faculty, adjusted for size, who have won nationally competitive awards like Rhodes Scholarships or Nobel Prizes.

Rankings are never a sole criterion on which to choose a certain school over another, but these metrics are really user friendly and have done a lot of the deciding work for you; take advantage of them!

P.S. Try making your own ranking at StudentsReview that's customized based on what matters to you. Additionally, the Princeton Review allows you to look up colleges you're already interested in to see where they ranked on the publication's most recent lists such as "best campus dining" or "students study the most."

No comments:

Post a Comment