I did a little ranking exercise for myself recently and I thought I would share my 'methodology' and results with everyone here, as I think it may prove to be useful to others who are having some trouble choosing a best fit program for themselves.
I took the top 8 schools that I have been considering (for PhD someday, maybe) and put them into a matrix and marked each school on a point basis with various criteria that I felt were important.
Here's my 'data':
As you can see, I took each category and rated it on a 1-5 scale (5 being best). It's a cumbersome measure, and extremely subjective (and not always well informed, I'll admit), but it has at least helped me get a better picture of what I'm looking for. Just to clarify, the categories are (in order): Rigor - qualitative but especially quantitative rigor; livability - as I see it, based on climate, urban area, etc; career - how much will that program help me get a good job that I like; fam/fri - do I have friends or family nearby?; admission - how likely am I to get in, relatively speaking? (higher is better); prestige - in relative terms, how prestigious are each school's programs?
Taking the quantum for each school, the results were surprising:
I arranged the rankings according to their score and, in the case of ties, according to whichever one I had a better 'feeling' about.
What I really liked about this exercise was that I had begun thinking that my 'first' choices were the usual: KSG, WWS, and Harris. The others were programs that I had seen as good (ok, VERY good) alternatives. But now, I'm actually really thinking that Duke or CMU may be much better options (assuming they don't laugh at my yet-to-be submitted application) than a place like Harvard, even if I could get in. I was surprised at how low Rand ranked on this list, because I was recently starting to see it as one of my preferred choices, but I'm reassessing that right now.
A few qualifiers. Obviously, this is not much more than a back-of-the-envelope methodology (which means it's only slightly better than US News, haha!) and there are many problems. First, as I noted, it's very subjective. I have scored schools here in ways that many others may disagree with (many people, for example, would much rather be in Boston than the Triad region). Also, and I think more importantly, there are areas which I think are more important than others. I'm thinking about updating my methodology to include: 1) more specific categories, like quantitative rigor vs qualitative rigor, climate, key faculty, and maybe a cross tabulation with the US News rankings (for the hell of it); and 2) to weight categories - I think I might make some categories a 0-10 range while keeping others 0-5, etc.
Obviously, this is hardly perfect, but I think it's a neat way for anyone trying to rationally categorize their preferences and sort out their decisions to possibly clarify things a bit. You shouldn't use it as your guiding star, but I think it can help.