Loyola’s Quinlan School of Business was ranked 63rd for undergraduate business programs in the 2016 Bloomberg ranking of the best undergraduate business schools.
This year’s rank is 54 spots better than the 2015 rankings, when Quinlan was 117. This year’s rankings, which were released on April 19, only rank 114 schools.
The annual ranking, which Bloomberg has conducted since 2006, takes into account an employer survey, a student survey, an analysis of students’ starting salaries and the percentage of graduates who had internships during college, according to Bloomberg.
Quinlan Dean Kevin Stevens expressed his gratitude in an email statement.
“Both the Bloomberg and U.S. News rankings illustrate the high regard that employers and others have for our degree programs,” stated Stevens. “Our faculty and staff are always working to increase the value of our programs, and it’s gratifying to receive this external validation of our work.”
Quinlan was the second biggest mover on the list — Bradley University Foster College of Business was the biggest mover, jumping 65 places from 107 to 42.
Initially low student participation in the survey prompted a last-minute publicity campaign that included in-class announcements, building-wide postings and desperately worded emails.
“Unless another 100 students complete the survey, we will not be included in the rankings next year and we all do NOT want that to happen,” read an email sent by Quinlan Assistant Dean Susan Ries just four days before the survey closed. “So please, think about our reputation and how you would like us to be perceived in the media as a ranked business school.”
Senior Emmett Burns, 21, said he thought the university could have communicated the importance of the survey better.
“I think the university could do a better job of talking about the implications of the ranking: Why is it important? Why is it something they really want to get done?” said the finance and management double major. “I think that would incentivize students to be more interested, especially if they saw some more personal reward in taking the survey.”
Quinlan students fulfilled the ranking’s participation requirement by Feb. 16, the initial deadline (Bloomberg extended the deadline to Feb. 23).
On April 19, Ries sent an email sharing a link to the ranking and thanking students and alumni for participating.
“Quinlan is certainly on the move, and we owe a great deal of the credit to our great students and alumni like you,” wrote Ries.
Students, such as Burns, were pleased when they saw the new rankings.
“It’s fantastic,” Burns said. “It’s good that Quinlan is growing and that our degree is going to be more valuable going forward.”
Burns also said he expects the improved ranking to positively affect enrollment, if only in a small way.
“I think that [enrollment] will certainly be better, but I think that we would have to climb even higher before we saw a significant difference because of these rankings,” he said.
He also said he is curious to see how the Bloomberg ranking will affect Loyola’s overall university ranking.
Senior John Lewis, 22, said he expects the ranking to bring positive attention to the university. However, Lewis also said he is skeptical of the rankings if Quinlan improved so drastically from year to year.
“Also, I don’t think the rankings can take intangible factors… into play, such as access and proximity to business activity and possible careers,” said the finance and economics double major in a statement to The Phoenix. “Being in Chicago gives Loyola an advantage over schools who are not in such cities, which I do not believe is reflected in the rankings.”