Oxford and Cambridge
Following on from the last post, can anyone explain why Cambridge can't produce Prime Ministers and Oxford can't produce comedians, at least not professional ones?
Discussion and analysis of international university rankings and topics related to the quality of higher education. Anyone wishing to contact Richard Holmes without worrying about ending up in comments can go to rjholmes2000@yahoo.com
The Times Higher Education 100 Under 50 will – as its name suggests – rank the world’s top 100 universities under the age of 50. The table and analysis will be published online and as a special supplement to the magazine on 31 May, 2012.
The vast majority of the world’s top research-led universities have at least one thing in common: they are old. Building upon centuries of scholarly tradition, institutions such as the University of Oxford, which can trace its origins back to 1096, can draw on endowment income generated over many years and have been able to cultivate rich networks of loyal and successful alumni (including in Oxford’s case a string of British Prime Ministers) to help build enduring brands.
This is as part of its efforts to have a local university ranked among the world's top 50 universities by 2020.
Deputy Higher Education Minister Datuk Saifuddin Abdullah said the National Higher Education Strategic Plan also called for at least three local universities to be ranked among the world's top 100 universities.
To achieve this, he told the house that it needed to continuously recruit international students and participate in international education fairs to promote the "Education Malaysia" brand.
He was replying to Senator Mohd Khalid Ahmad who wanted to know why no local universities had been ranked among the world's top 200.
Saifuddin said the ministry was also intensifying promotional activities on the Internet and introducing student mobility programmes. This will allow them to take short-term courses with credits, and have better staff and student exchange programmes with foreign universities.
He said they were also having better scholarship coordination with foreign agencies and other bodies to facilitate the intake of foreign students at local universities.
He said the QS World University Ranking (QS WUR) was the preferred benchmark used to gauge a university.
During the past generation, a reasonable level of debt has always been seen as appropriate, because balance sheets were able to withstand a typical recession. Yet all that changed in 2008. GM's (NYSE: GM) debt load crashed the company, forcing it into bankruptcy, while many other companies such as GE (NYSE: GE), Ford Motor (NYSE: F), Hertz (NYSE: HTZ) and Domino's Pizza (NYSE: DPZ) saw their stocks plunge on fears a bankruptcy filing would be necessary if economic conditions worsened.
Thankfully, many companies wised up and have been taking steps to strengthen their balance sheets. But not everyone got the message. Some companies still carry too much debt and might run into trouble if the U.S. economy slips back into recession. These companies will need to make large payments to handle their debt, and right now they are at risk of not having enough cash to meet potential obligations. Typically, a company can simply roll over that debt and push out the time frame when debts come due. But a weak economy would make this task much harder as lenders grow skittish.
That's why it's so important to pay attention to balance sheets. Lots of debt is only a problem if the debts are soon coming due. For example, mattress maker Sealy Corp. (NYSE: ZZ) has a very weak balance sheet, with almost $800 million in debt and less than $100 million in cash. But management wisely rolled over its debt while it could, and now the company faces no major repayments until 2014.
But if a company's "current portion of long-term debt" -- that is, debts due within the next 12 months -- exceeds cash on hand, you need to listen to how management plans to address the problem because these companies could be at risk of failing. I went in search of companies that may have just such a problem (less cash than near-term loan obligations). I also added Canadian media firm Thomson Reuters (NYSE: TRI) to the mix because its weak balance sheet is just above that threshold. The table below highlights a group of companies that are at risk of having to declare bankruptcy in 2012 if their lenders are in no mood to extend them more loans.
It is the first time since 2000 that Oxford and Cambridge have not shared the top two spots – in that year Imperial College London knocked Oxford into third place.
In separate listings for the leading universities and higher education institutions covering 62 subjects, Cambridge is in the top 10 for all 46 subjects it offers, and top in 30. Oxford is in the top 10 for all 32 of its subjects, and is placed first in 12. The LSE is in the top 10 for all 12 subjects offered, and top for three.
There are two new entrants to the Top 20 – the University of Glasgow (17th) and Leicester (19th). They have replaced Sussex, which just missed out in 21st place, and the School of Oriental and Asian Studies, which fell from 15th to 30th position.
The interactive guide ranks universities on nine factors: student satisfaction; research assessment; entry standards; student-to-staff ratio; spending on academic services; spending on student facilities; good honours degrees achieved; graduate prospects; and completion.
The subject tables are based on four factors: student satisfaction; research assessment; entry standards; and graduate prospects.
"A London university is considering establishing alcohol-free zones on its campuses because so many of its students consider drinking to be immoral.On the other:
Professor Malcolm Gillies, vice-chancellor of London Metropolitan University, said the selling of alcohol was an issue of "cultural sensitivity" at his institution where a fifth of students are Muslim.
Speaking to a conference of university administrators in Manchester, he said that for many students, drinking alcohol was "an immoral experience".
"Because there is no majority ethnic group [at London Metropolitan], I think [selling alcohol] is playing to particular parts of our society much more [than to others]," he was reported as saying in the Times Higher Education magazine."
"As part of a master's course in events experience management, London Metropolitan University will offer a module in partnership with Chillisauce, known for organising custom stag dos across Europe.
The firm's website lists options including mud-wrestling with scantily clad women in Budapest, a "spa with strippers" in Riga, or the option to be "punished" at a Tallinn "lap dancing dreamland".
The link has drawn criticism from unions, although students will be involved only in the company's more straightforward commercial activities - including corporate dinners and conferences.
Participants on the course will be asked to create a Guinness World Record attempt that doubles as a PR event for a consumer brand. They will devise a "creative concept" and pitch it to Chillisauce executives, who will attend seminars and lectures during the module.
But a University and College Union spokesman questioned "how employing a company that specialises in stag weekends offering wrestling with scantily clad women in jelly is likely to do much for a university's reputation"."
"In the era of globalization, the trend of university rankings gradually shifts from country-wide analyses to world-wide analyses. Relatively high analytical weightings on reputational surveys have led Quacquarelli Symonds (QS) World University Rankings to criticisms over the years. This study provides a comprehensive discussion of the indicators and weightings adopted in the QS survey. The article discusses several debates stirred in the academia on QS. Debates on this ranking system are presented in the study. Firstly, problems of return rate, as well as unequal distribution of returned questionnaires, have incurred regional bias. Secondly, some universities are listed in both domestic and international reputation questionnaires, but some others are listed only in the domestic part. Some universities were evaluated only by domestic respondents, limiting their performance of the ranking results. Thirdly, quite a few universities exhibit the same indicator scores or even full scores, rendering the assessment questionable. Lastly, enormous changes of single indicator scores suggest that the statistic data adopted by QS Rankings should be further questioned."
"Jordi Curell, director of lifelong learning, higher education and international affairs at the directorate general for education and culture, conceded that there was opposition to its development.
"When we started working on the project of U-Multirank, many people from the higher education community were opposed to it,” he told an international symposium on university rankings and quality assurance in Brussels on 12 April.
But the system had intrinsic value, he said, because it would provide an evidence-based measure of the performance of European universities that would help them improve.
According to Curell, if higher education is to help Europe emerge from its current financial and economic crisis, the EU needs to know how its universities are performing and universities need to know how they are doing.
"Rankings which are carefully thought out are the only transparency tools which can give a comparative picture of higher education institutions at a national, European and global level," he told the symposium."
'Rea said that if students were looking to base their choice of institution on whether a campus had an automatic teller machine, the site might be useful. But if they wanted an indication of the quality of teaching and research at any given institution, the information provided relied on a set of indicators that had been under question for many years.
The union had been critical for some time of the misuse of statistical data, such as graduate employment outcomes and student satisfaction results, in determining the quality of learning and teaching. Yet these were included as measurable indicators of quality by the website.
“The use of student satisfaction scores in particular is prone to manipulation and does not reflect quality in teaching. Indeed, if institutions based their courses on whether students liked their subjects, which is essentially what these metrics capture, they would risk driving down the quality of degrees from Australian universities.
“There is always a danger of teaching to the test – or the survey, in this case,” Rea said.
She said the diversity of Australian universities made it difficult to attempt any comparisons. Although the union believed students should be able to make an informed choice of where best to study, it should be just that – an informed choice based on accurate, clear and transparent information.
“This can only happen if the indicators or measures used to create this information are specific, widely understood and agreed, and incapable of institutional manipulation.” '
The 2012 Times Higher Education (THE) World Reputation Rankings were released at 00.01 on 15 March by Times Higher Education via its website. It was intensely promoted via Twitter by the ‘Energizer Bunny’ of rankings, Phil Baty, and will be circulated in hard copy format to the magazine’s subscribers. As someone who thinks there are more cons than pros related to the rankings phenomenon, I could not resist examining the outcome, of course! See below and to the right for a screen grab of the Top 20, with Harvard demolishing the others in the reputation standings.
I do have to give Phil Baty and his colleagues at Times Higher Education and Thomson Reuters credit for enhancing the reputation rankings methodology. Each year their methodology gets better and better.
There actually is a respectable argument to be made for polling academics about “best” universities. Gero Federkeil of the Centrum für Hochschulentwicklung in Gütersloh noted a few years ago that if you ask professors which institution in their country is “the best” in their field of study, you get a .8 correlation with scholarly publication output. Why bother with tedious mucking around with bibliometrics when a survey can get you the same thing?
Two reasons, actually. One is that there’s no evidence this effect carries over to the international arena (could you name the best Chinese university in your discipline?) and second is that there’s no evidence it carries over beyond an academic’s field of study (could you name the best Canadian university for mechanical engineering?).
So, while the Times makes a big deal about having a globally-balanced sample frame of academics (and of having translated the instrument into nine languages), the fact that it doesn’t bother to tell us who actually answered the questionnaire is a problem. Does the fact that McGill and UBC do better on this survey than on more quantitatively-oriented research measures have to do with abnormally high participation rates among Canadian academics? Does the fact that Waterloo fell out of the top 100 have to do with the fact that fewer computer scientists, engineers and mathematicians responded this year? In neither case can we know for sure.
According to the Higher Education Commission (HEC) ranking, Islamabad’s Quaid-e-Azam University tops 136 public and private sector institutions, followed by the Pakistan Institute of Engineering and Applied Sciences, with Karachi’s Agha Khan University in third place.
Academics from the University of Karachi and the University of Peshawar have rejected the ranking, which does not place either institution in the top 10.
They have accused the HEC of tampering with the standard formula to favour some institutions and have demanded that their vice-chancellors formally convey their disapproval to HEC bosses.
Faculty members of Hyderabad’s Liaquat University of Medical and Health Sciences have even warned that they will take the matter to the court if the ranking is not revoked. They said in a statement on 29 February: “The HEC announced the rankings in haste and caused chaos in both public and private higher education institutions.”