Th Economist
recently showed a 2009 ranking in which European Institutes were said to offer the best MBA programs, and the top 10 consisted of 5 European and 5 American Schools.
However, they acknowledged that all the available rankings published in the MBA field have very divergent criteria, which subsequently affect the outcomes.
In terms of the rankings of Universities world wide, they currently seem to favor English/US academic institutions in two ways:
1)much of the 'peer reviewed articles business' is in English, and they carry a great weight in calculating the end scores. If you don't publish internationally there is reduced visibility.
2)the highest production of peer reviewed articles are in the 'hard sciences' & medical sciences (as opposed to the social sciences, espeically when they are in the non-positivist field). The Ivy League schools have demonstrated a superior organizational capacity in the sense that they have created the best conglomerates of scientific departments. I am under the impression that European academic institutions - many state funded - are much more forced to specialize in a field/some fields, due to money constraints/allocation requirements. In general, specialized institutions even, English ones, hardly enter the top 50 at all.
It's also unlikely that the current rankings are going to change soon. One of the reasons being is that Professors who go to reputable schools often have low(er) teaching requirements and much time for their own research. It's a win win situation for the already established school, because academics and schools thus remain productive in terms of scientific output, whereas others are much more constrained due the pressure to combing teaching with research. It's 'publish or perish'
I wonder if the US academic establishments and increasing associations abroad - setting up universities in Dubai and China for example - is a move to secure the future as top ranked institutes?