Many different systems exist around the globe for identifying the world’s top universities. The most common academic rankings systems utilized in Britain are the ‘Shanghai Jiao Tong University’ Academic Rankings of World Universities as well as the ‘Times Higher Education Supplement’ (THES) ‘Top Two Hundred Universities’.
The ‘Academic Ranking of World Universities’ is authored by Cornell University and ranks the world’s universities using a weighted system which includes research staff being highly cited in twenty-one wide ranging subject categories (20%), academic staff winning Nobel Prizes and Field Medals (20%), past graduates winning Nobel Prizes and Field Medals (10%), articles published in ‘Nature and Science’ (20%), the Social Sciences Citation Index, Science Citation Index and also the Arts & Humanities Citation Index (20%) along with the dimensions of the university (10%). Due to its comparatively non-subjective way of analysis, the ‘Academic Ranking of World Universities’ have frequently been mentioned from the Economist magazine in grading the world’s Advanced Schooling Institutions.
The Shanghai rankings are however criticised for putting too much weight on the Nobel prizewinners as opposed to emphasising the broader impact of the university’s scientific and technological output. It is argued that this also leads to skewing the rankings toward the scientific disciplines for which more Nobel Prizes are awarded. There are 3 Nobel prizes for that scientific disciplines (physics, chemistry and medicine), 1 for that social sciences (economics), 1 for the arts (literature) and also the Peace Prize. Universities with faculty or past graduates who have won Fields medals for mathematics will also be rewarded, but awards for similar accomplishments in the arts are not measured.
The THES World’s Top Universities are designed through the Times Advanced Schooling Supplement (THES) and Quacquarelli Symonds (QS). The ranking product is weighed in accordance with the following formula; peer review (40%), citations in academic journals per staff member for your previous 5 years (20%), academic staff to student ratio (20%), recruiter review (10%) and internationalisation in the university (10%).
The peer review involves selecting academics of equal numbers from Europe, Asia, The United States and also the remaining world that are also selected in equal proportions from engineering and IT, arts and humanities, social sciences, natural sciences and also the life sciences. These academics are then motivated to name the top thirty universities within their subject area. The peer review is formulated to obtain the most intellectually active universities.
The ‘recruiter review’ compiles questionnaire responses from 736 employers which have recruited through the world’s top universities. There are also many worth countable benefits of pursuing an MBA degree to get a working professional or even a student. This is because they will be able to use a complete knowledge through the grass root level of the business world that looks so competitive with this date. Such course programs through the top universities is not going to only allow them to devote on the core subjects and definitely will also ensure then with confidence within the concepts in critical thinking, hr management, finance, decision-making, communication and in addition in research techniques. Any issues and queries can easily be sorted out with profitable suggestion and advices linked to the hihbyc world if the individual successfully gets an MBA degree. Besides the career prospects are sufficient following a student pursues this postgraduate degree. He could start their own private business firm becoming an entrepreneur or possibly a reputed independent consultant.
The internationalisation from the university is given half it’s weighting from quantities of international staff as well as the other half from quantities of international students. Internationalisation frequently creates the most contention as academicians contend it should never come down to university size, and also the smaller universities lose points as a result of not having as much international faculty members or students.
No ranking system comes without its criticism. The development of education as a worldwide marketplace and the resulting competition has produced need for a university rating system. Plenty of universities all over the world acknowledge the THES World’s Top Universities rankings and actively attempt to increase their own place within it.