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Updated 11:00 AM September 27, 2004




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Wall Street Journal ranks Ross School of Business No. 1

The Stephen M. Ross School of Business is now the No. 1 business school in the nation, according to the Wall Street Journal's annual rankings released last week.

The news was broadcast live by CNBC from the business school campus minutes before students started classes last Tuesday. An enthusiastic crowd of about 150 students, faculty and staff gathered in the Alessi Courtyard for the announcement, which was greeted with cheers, whistles, chants of "Go Blue" and a rousing rendition of "The Victors."

Wall Street Journal reporter Ron Alsop, who revealed the top five schools on CNBC, said the Ross School's emphasis on practical experience sets it apart from other business schools.

"Now more than ever, companies are seeking M.B.A. graduates who are ready to roll their first day on the job, and Michigan's practical focus resonated with corporate recruiters. Michigan is on a roll," said Alsop, who also cited the Sept. 9 announcement of a $100 million gift to the school from business alumnus and New York real estate developer Stephen M. Ross.

The 2005 Wall Street Journal/Harris Interactive survey of more than 2,800 corporate recruiters rated U.S. business schools' M.B.A. programs and their students on 20 key attributes, including leadership potential, teamwork skills and interpersonal qualities, and "mass appeal," or the number of recruiters a school attracts.

The Ross School also ranked No. 1 among recruiting companies for hiring minorities and placed 7th in producing women job candidates. The school also rated highly with recruiters in such academic specialties as marketing (No. 2), operations management (No. 4), corporate strategy (No. 7) and accounting (No. 9).

Other national business schools ranked among the top five in the Wall Street Journal survey included Carnegie Mellon (Tepper), Dartmouth (Tuck), University of Pennsylvania (Wharton) and University of Chicago.

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