Determining the relative efficiency of MBA programs using DEA

Data envelopment analysis (DEA) is used here to determine the relative eciency of 24 top ranked US MBA programs. Eciency scores were determined using three output sets of the MBA programs: output that measured student satisfaction, output that measured recruiter satisfaction and output that measured both. DEA is also used here to determine the relative eciency of three foreign MBA programs as compared to several top ranking US MBA programs. The publicized ranking of MBA programs by national magazines has a signi®cant impact on corporate recruiters, potential MBA students and on business schools themselves. A new ranking based on DEA will more completely and accurately represent MBA programs. Further, DEA will make it possible to more fairly compare speci®c programs. Ó 2000 Elsevier Science B.V. All rights reserved.