The U.S. News Ratings Fiasco
The Math Behind how U.S. News and World Report Dinged NYU Stern
Keith Riegert, Managing Editor
Had I known that the average GMAT score for students accepted to Stern would be 560, I would have comfortably avoided the eve-of-test panic attack I succumbed to. I’m kidding, of course: While I may have panicked before the GMAT, last year’s average score for Stern was not anywhere close to 560—it was 720, right in the same spot it’s been for five years straight.
When U.S. News and World Report issued its 2017 Business School Rankings, dropping NYU Stern to #20 (thanks to a single missing value), the publication informed Stern’s administration that they had simply “estimated” the missing number.…