University rankings have been of interest to many specialists, academics, and independent researchers, who are affiliated to educational or scientific institutions. The matter was also the subject of discussion among students at the master's and doctoral levels about the feasibility of these rankings, whether there is any desired practical benefit from them and what the disadvantages of these university rankings are. The aim of this research is to provide a detailed explanation of the pros and cons of university rankings. At the end of the research, I will provide the final results through which institutions of higher education can take the positives and abandon the negatives contained in academic rankings. [Note: The page range (4-10) shown on page 1 of the corresponding document is incorrect. The correct page range is 1-6.]