Many different systems exist around the world for identifying the world’s top universities. The most famous 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 Harvard University and ranks the world’s universities employing a weighted system which includes research staff being highly cited in twenty-one far reaching 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 the Arts & Humanities Citation Index (20%) and also the scale 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 excessive weight on the Nobel prizewinners instead of emphasising the broader impact of a university’s scientific and technological output. It is argued this also brings about 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 the social sciences (economics), 1 for that 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 within the arts are not measured.
The THES World’s Top Universities are made by the Times Advanced Schooling Supplement (THES) and Quacquarelli Symonds (QS). The ranking method is weighed based on the following formula; peer review (40%), citations in academic journals per staff member for that previous five years (20%), academic staff to student ratio (20%), recruiter review (10%) and internationalisation from the university (10%).
The peer review involves selecting academics of equal numbers from Europe, Asia, Canada And America and the remaining world that are also selected in equal proportions from engineering plus it, arts and humanities, social sciences, natural sciences and also the life sciences. These academics are then motivated to name the top thirty universities inside their subject area. The peer review is formulated to find the most intellectually active universities.
The ‘recruiter review’ compiles questionnaire responses from 736 employers that have recruited from the world’s top universities. In addition there are many worth countable benefits associated with pursuing an MBA degree for any working professional or possibly a student. The reason being they can use a complete knowledge through the grass root amount of the business world that looks so competitive on this date. Such course programs from your top universities will never only allow them to devote on the core subjects and definitely will also ensure then with assurance in the concepts in critical thinking, human resource management, finance, decision-making, communication as well as in research techniques. Any issues and queries can be easily dealt with with profitable suggestion and advices related to the hihbyc world if the individual successfully gets an MBA degree. Aside from the career prospects are high enough following a student pursues this postgraduate degree. He could start his own private business firm as an entrepreneur or perhaps a reputed independent consultant.
The internationalisation of the university is offered half it’s weighting from amounts of international staff and the other half from numbers of international students. Internationalisation frequently creates the most contention as academicians contend which it should never come down to university size, and the smaller universities lose points due to not having as much international faculty members or students.
No ranking system comes without its criticism. The expansion of education as being a worldwide marketplace as well as the resulting competition has established interest in a university rating system. Plenty of universities around the world acknowledge the THES World’s Top Universities rankings and actively strive to increase their own place within it.