Is it fair to rate a University base on the endowment and funding they got? Is the university ranking an accurate way to gauge academic excellency of a university? And how much do you buy this "university ranking" thing?
There are many factors contributing to academic excellency of an academic institution. University ranking system applies different methods to measure academic excellency of universities. Whether the method used accurately reflect academic excellency remains to be tested. Nevertheless, the university ranking may help universities for self-study or self-reflection. The ranking system also generally influences public perception of universities.