This study investigates and compares various university ranking systems, particularly considering the unique situation of Bangladesh. With the rise of globalization and emphasis on research in the knowledge-based economy, university rankings have gained significant attention. However, different organizations use diverse criteria and methodologies, leading to discrepancies in ranking positions. This research employed a two-phase approach. The first phase involved a systematic literature review focusing on globally used indicators and methodologies for university rankings. This phase revealed that research-related indicators hold the highest weightage (67.93%) in most ranking systems. Subsequently, the second phase utilized active ranking algorithms to explore the findings from the first phase. The study concludes that research output significantly influences a university's ranking and competitiveness globally. Considering Bangladesh's lower publication volume compared to other nations, adopting a ranking system like QS or THEWUR could be beneficial. This system aligns with the global focus on research output and could incentivize research efforts within Bangladeshi universities.
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