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Northwestern's Kellogg School tops BusinessWeek's list of the best Executive MBA Programs

University of Michigan debuts at No.4; Columbia University falls out of the ranking

NEW YORK, NY, Oct. 13, 2005 -- In BusinessWeek's 2005 ranking of the Best Executive MBA programs, Northwestern University's Kellogg School retained the No.1 spot. For the third consecutive time, grads lauded the Kellogg program's emphasis on teamwork and its rich learning environment.

Rounding out the top five were University of Pennsylvania's Wharton School (No.2), University of Chicago (No.3), the University of Michigan, a school newly considered for ranking this year that catapulted into the No.4 slot, and the University of North Carolina at Chapel Hill, which held onto its No.5 ranking.

By most measures the past two years have not been terrific ones for EMBA programs. Student satisfaction, as measured by the BusinessWeek survey, has not recovered from the beating it took in 2003, when a difficult economy and weak job growth made a high-priced EMBA degree seem like a questionable choice, especially for the growing number of students who were paying their own way.

Amid the turmoil, three highly ranked programs fell substantially this year. Students in Duke's weekend program griped about a lack of leadership and ethics training, a focus on theory over practical knowledge, and the school's inability to solve logistical problems such as travel and dining-driving it down seven spots, to No.11. The University of California at Los Angeles' Anderson School of Management, which also dropped seven spots, to No.14, came under fire for a lack of instruction in soft skills, especially leadership and team dynamics. And at Columbia University, students were highly critical of the program's limited course offerings, classes that provided highlights but little or no substantive knowledge, and poorly prepared classmates. The one- time No.15 program has fallen out of the ranking altogether.


                            BusinessWeek's List of
                           The Top 25 EMBA Programs


    2005                         2003    2005                           2003
    Rank       School            Rank    Rank      School               Rank

    1  Northwestern (Kellogg)     1      14    UCLA (Anderson)              7
         Evanston, Ill.                          Los Angeles
    2  Pennsylvania (Wharton)     3      15    IESE (University of         NA
         Philadelphia                            Navarra) Barcelona, Spain
    3  Chicago Chicago            3      16    SMU (Cox) Dallas            18
    4  Michigan Ann Arbor         NA     17    Cornell (Johnson)           14
                                                 Ithaca, N.Y.
    5  UNC (Kenan-Flagler)        5      18    Purdue (Krannert) West      16
         Chapel Hill, N.C.                       Lafayette, Ind.
    6  Emory (Goizueta) Atlanta  10      19    NYU (Stern) New York        13
    7  IMD Lausanna, Switzerland  6      20    Notre Dame (Mendoza)        NA
                                                  South Bend, Ind.
    8  USC (Marshall)            12      21    Queen's Kingston, Ont.      NA
         Los Angeles
    9  Duke (Fuqua-Global)        9      22    Western Ontario (Ivey)      25
         Durham, N.C.                             Mississauga, Ont.
    10  Georgetown (McDonough)   11      23   Pepperdine (Graziadio)       19
         Washington, D.C.                         Culver City, Calif.
    11  Duke (Fuqua-Weekend)      4      24   Vanderbilt (Owen) Nashville  20
         Durham, N.C.
    12  Texas (McCombs) Austin    8      25   London Business School       23
                                                  London
    13  Ohio State (Fisher)       NA
         Columbus



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