ELI5: Explain Like I'm 5

MBA Programme rankings

Okay kiddo, let me explain what MBA programme rankings are!

When you go to school, your teachers give you grades to show how well you did in your exams and assignments, right? Similarly, people who go to business school to study a Master of Business Administration (MBA) degree get ranked by organizations that evaluate how good the school's MBA programme is.

These rankings are supposed to give people who are thinking of going to business school an idea of which schools have the best MBA programmes. Think of it like when you're trying to pick which toy to buy at the toy store - you might ask your friends or parents which ones they think are the best or most fun.

Different organizations use different methods to decide which schools are the best. They could look at things like how good the teachers are, how many students get jobs after they graduate, or how much money graduates make. The most popular organizations that rank MBA programmes are The Financial Times, The Economist, and Bloomberg Businessweek.

Now, it's important to remember that rankings aren't always perfect - just like how you might think a toy is really fun even if your friends don't like it. Also, what makes a school great might be different for different people. For example, one school might be really good at teaching finance, but not so good at teaching marketing.

So that's a quick explanation of MBA programme rankings! They're like grades for business schools to help people figure out which ones are the best, but they might not be perfect and what makes a school great could change depending on who you ask.