Business school rankings should have wider criteria

Business school rankings should have wider criteria

We, the undersigned business and civil society leaders, academics and representatives of business-school accreditation agencies, congratulate the FT on announcing a “complete review” of its business school rankings methodology. We have recently undergone a sweeping consultation ourselves, culminating in a report launched at Davos. We hope that our findings will be of use to Work & Careers editor Isabel Berwick and her team as they undertake such an ambitious project, and we are pleased to offer our assistance. More generally, we would like to express our support for the efforts of rankings publications to incorporate environmental, social and governance criteria into evaluations, in recognition of the significant risks and opportunities associated with these issues.

We laud the FT’s first step in that direction with its introduction of a CSR criterion, as business schools tend to be significantly influenced by these criteria. We hope that, in response, business schools will truly integrate such issues into their curricula.

The report references other changes as well. Rankings could be improved by de-emphasising salaries, crediting schools that educate graduates who work for non-profits, creating space for practical knowledge, and other suggested actions that would prepare business school graduates for the 21st century. We hope that additional criteria will go beyond narrow numerical metrics, allowing for variation as business schools pursue different goals.

We are willing to collaborate with rankings publications as we all move toward a conception of business and finance as tools for building a safer, fairer, and more sustainable world. Business schools play an influential role in society to guide future decision makers in the choices they make, and we support efforts to prepare the next generation for what lies ahead.

 

Chris Higson

Academic Director, Finance Programmes, London Business School

 

Chris Moos

Academic, Saïd Business School, University of Oxford

 

Christoph Loch

Dean, Cambridge Judge Business School

 

Clémentine Robert

President, oikos International

 

Colin Melvin

Partner, Arkadiko Partners

 

David Pitt-Watson

(co-author), Executive Fellow, Cambridge Judge Business School

 

Donna Rapaccioli

Dean, Gabelli School of Business, Fordham University

 

Elizabeth Corley

Senior Advisor and former CEO, Allianz Global Investors; Chair of the Implementation Taskforce on Growing Social Impact Investing in the UK

 

Ellen Quigley

(co-author), Research Associate, Centre for the Study of Existential Risk, University of Cambridge; Postdoctoral Researcher, Centre for Endowment Asset Management, Cambridge Judge Business School

 

Elroy Dimson

Professor of Finance, Cambridge Judge Business School

 

Eric Cornuel

Director General & CEO, European Foundation for Management Development

 

Frank Blasio

Director of Thought Leadership, Coalition for Inclusive Capitalism

 

Hanane EL Kouari

Executive Director, Association of African Business Schools

 

Ivo Matser

CEO, Academy of Business in Society

 

Jane Stevensen

Director, JS Global

 

John Belgrove

Senior Partner, Aon

 

John North

Executive Director, Globally Responsible Leadership Initiative

 

Julia Christensen Hughes

Dean, College of Business and Economics, University of Guelph

 

Julian Huppert

Director, Intellectual Forum, Jesus College, University of Cambridge

 

Katrin Muff

Mission Possible Foundation

 

Lauren Xie

Pershing Square Scholar, University of Oxford

 

Lise Kingo

CEO and Executive Director, United Nations Global Compact

 

Peter Tufano

Peter Moores Dean, Saïd Business School, University of Oxford

 

Robert Eccles

Professor Emeritus, Harvard Business School; Visiting Professor, Saïd Business School, University of Oxford

 

Sangeet Chowfla

President and Chief Executive Officer, Graduate Management Admission Council

 

Sarah Carter

Executive Director, Centre for Endowment Asset Management, Cambridge Judge Business School

 

Seán Ó hÉigeartaigh

Executive Director, Centre for the Study of Existential Risk, University of Cambridge

 

Simon Beard

Research Associate, Centre for the Study of Existential Risk, University of Cambridge

 

Steve Waygood

Chief Responsible Investment Officer, Aviva Investors

 

Thomas Dyllick

Professor Emeritus, University Delegate for Responsibility and Sustainability, University of St. Gallen

 

Mette Morsing

Senior Adviser to UN PRME

 

Author: Chris Higson and others 

Source: Financial Times https://www.ft.com/content/d0121f8e-2acd-11e9-88a4-c32129756dd8

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