Both the undergraduate and graduate accounting programs of the University of Wisconsin-Madison School of Business have been ranked in the top 10 in the nation by Public Accounting Report.

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The London-based Financial Times ranking for MBA programs hit the newsstands yesterday. In assessing our performance in this ranking, it is important to recognize that the ranking is based largely on the career progression of students who attended our program from 2001-2003. While there were many outstanding individuals in that class, we did not feel our program was meeting the needs of most students. To address this, we redesigned and launched our new MBA program in 2004.

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U.S. News and World Report ranked the Wisconsin MBA 29th among all business schools in the United States. This ranking evaluates our program for the class of students entering in 2004 and graduating in 2006, the first class completing the new Wisconsin MBA model to be surveyed. The school advanced two places from a ranking of 31st in 2006, and advancing eight places from 2005. This is the school’s highest ranking in this publication since 1990. This increase in our ranking reflects the success of the career-focused MBA strategy. The School of Business launched a new MBA program based on career specializations in fall 2004. The first class of students of this new program graduated in May 2006. This ranking is especially satisfying because it is based on the responses of our first class of students to complete the new Wisconsin MBA model. U.S. News bases its rankings on data furnished by schools, recruiters, deans and MBA program directors across a broad range of indicators:

• Placement success for the class graduating in spring 2006. This is a composite of starting salary, employment rates at graduation and three months later.
• Student selectivity for the class entering in fall 2006. This is a composite of mean score on the Graduate Management Admission Test (GMAT), mean GPA and proportion of applicants accepted by the school.
• Survey of corporate recruiters.
• Survey of business school deans and MBA program directors.

To view the entire U.S. News report, visit: http://www.usnews.com/usnews/edu/grad/rankings/mba/brief/mbarank_brief.php Based on internal measurements, the school has made progress on key fundamentals:

• Student quality as measured by average GMAT score was 661 for students who enrolled in 2006, up from an average of 632 for students who enrolled in 2002.
• Student satisfaction with academic program quality was at 94 percent for first-year students in the program in 2006-07.
• Career placement was at 95 percent for the class of 2006, up from 92 percent for 2005 graduates. The average salary for 2006 graduates was $82,917, compared to $76,500 for 2005 graduates.

The School of Business remains committed to consistently improving on our fundamentals and sustaining excellence in everything we do in order to deliver outstanding educational experiences. We value the significance of the U.S. News ranking as a relative measure of how we compare to other business schools nationwide at a point in time, and remain confident that our focus on these areas will continue to strengthen the value of our programs.