students to graduate, and BYU, with such a large chunk serving 2 year missions, gets dinged unfairly for a criterion that is far less relevant than other factors. Another metric is starting salary. This is just one measurement, but I have done a lot of hiring at both the U and Y b-schools. BYU grads demand about $15K per graduate more than Utah, and I think the U puts out very good b-school graduates. Harvard, Michigan, Stanford etc. will top BYU by a similar or greater amount.
Very anecdotally, decades ago my law school dean in the east told me: "We like BYU undergrads. It's a first rate school." I can't tell you how many other BYU undergrads have had similar comments come out of their medical, law and business schools and other masters programs. These ratings can be subjective to a point, but perception drives reputation, starting salaries and the like. BYU should take some pride in its academics. In my experience it goes too far in the eyes of objective people if BYU claims it is viewed to be on par with the very upper tier of universities like Stanford, the Ivies, UVa, U of MI, Chicago, etc. I guess I don't hear BYU folks denigrate other schools, except when attacked by haters in social media. Maybe I am oblivious in that regard.