A number of different systems exist around the world for identifying the world’s top universities. The most common academic rankings systems used in Britain are the ‘Shanghai Jiao Tong University’ Academic Rankings of World Universities and also the ‘Times Higher Education Supplement’ (THES) ‘Top Two Hundred Universities’.
The ‘Academic Ranking of World Universities’ is authored by University of Washington and ranks the world’s universities using 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 as well as the Arts & Humanities Citation Index (20%) along with 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 by The Economist magazine in grading the world’s Higher Education Institutions.
The Shanghai rankings are however criticised for putting too much weight on the Nobel prizewinners instead of emphasising the broader impact of a university’s scientific and technological output. It is argued that this also results in skewing the rankings toward the scientific disciplines in which more Nobel Prizes are awarded. There are 3 Nobel prizes for the scientific disciplines (physics, chemistry and medicine), 1 for that social sciences (economics), 1 for that arts (literature) and the Peace Prize. Universities with faculty or past graduates who have won Fields medals for mathematics can also be rewarded, but awards for similar accomplishments within the arts usually are not measured.
The THES World’s Top Universities are made through the Times Higher Education 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 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, North America as well as the remaining world that are also selected in equal proportions from engineering and it also, arts and humanities, social sciences, natural sciences and 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 from your world’s top universities. There are also many worth countable advantages of pursuing an MBA degree for a working professional or even a student. It is because they will be able to use a complete knowledge from the grass root amount of the company world seems so competitive on this date. Such course programs from your top universities will never only allow them to devote on the core subjects but will also ensure then with full confidence inside 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 associated with the hihbyc world if the individual successfully gets an MBA degree. Apart from the career prospects are sufficient after a student pursues this postgraduate degree. He could start his own private business firm becoming an entrepreneur or possibly a reputed independent consultant.
The internationalisation from the university is offered half it’s weighting from numbers of international staff and the other half from amounts of international students. Internationalisation frequently creates the most contention as academicians contend that it should never come down to university size, and also the smaller universities lose points because of not having as many 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 demand for a university rating system. Plenty of universities around the globe acknowledge the THES World’s Top Universities rankings and actively attempt to improve their own place within it.