Chicago Booth, Michigan Rise in New U.S. News Business School Ranking
The new, official U.S. News & World Report ranking of the best business schools in the United States has been released, with some minor shake-ups at the top. For the second year in a row, Harvard Business School remains tied for the first overall in the ranking. However, the University of Chicago Booth School of Business officially supplanted The Wharton School at the University of Pennsylvania, which fell back from its tie at the top to third overall.
The rest of the top ten, as we previously mentioned, largely resembled last year’s U.S. News release, except for the inclusion of the Ross School of Business at the University of Michigan and the exclusion of the Yale School of Management. Surprisingly, Michigan Ross may have made the strongest showing in the newest ranking, not only managing a position in the top 10, but landing tied for seventh overall—ahead of Columbia Business School and the Dartmouth Tuck School of Business. The Yale School of Management slipped to a tie at 11th overall with Duke University’s Fuqua School of Business.
U.S. News & World Report 2019 Best Business School Rankings
|1st (Tied)||Harvard Business School|
|1st (Tied)||University of Chicago Booth School of Business|
|3rd||The Wharton School at the University of Pennsylvania|
|5th||MIT Sloan School of Management|
|6th||Northwestern University Kellogg School of Management|
|7th (Tied)||University of Michigan Stephen M. Ross Business School|
|7th (Tied)||UC Berkeley Haas School of Business|
|9th||Columbia Business School|
|10th||Dartmouth College Tuck School of Business|
Chicago Booth, Michigan Shine Among Rising Full-Time MBA Programs
For the first time in school history, the Booth School of Business secured its place atop of the U.S. News ranking (albeit tied with HBS). In a statement, Booth Dean Madhav Rajan noted, “We are pleased to be recognized in this manner, and gratified that the recognition is across the board. We continue to strive to be the pre-eminent academic school of business.”
After its place among the top ten business schools was revealed, Michigan Ross Dean of Business Scott DeRue stated in a release, “We are excited to once again be ranked among the top 10 MBA programs in the country by U.S. News & World Report. This recognition is a testament to the extraordinary talent at Michigan Ross, our innovations in action-based learning, our partnerships with leading companies across the globe, and the most supportive alumni community in the world. We are developing leaders who have the character and capabilities to transform the world through business, and it’s an honor to be recognized among the very best in the world.”
On its website, the school also proudly boasted that, outside of Stanford GSB, no business school in the ranking earned more top ten placements in specialty areas, earning high grades for: “Accounting (No. 4), Entrepreneurship (No. 7), Finance (No. 10), International (No. 5), Management (No. 3), Marketing (No. 4), Non-Profit (No. 5), Productions/Operations (No. 3), and Supply Chain (No. 6).”
Outside of the top ten, the USC Marshall School of Business watched its stock rise again this year. Two years ago, U.S. News handed USC Marshall the 31st spot on its best business school ranking, which jumped to 24th last year, and 20th this year. Just a few spots back of USC was the Jones Graduate School of Business at Rice University, which saw the largest leap of any of the top 25 schools—jumping six spots from the previous year.
Nine schools among the top 100 in the new rankings managed to jump at least ten spots, including three MetroMBA favorites: the Whitman School of Management at Syracuse University, the Neeley School of Business at TCU, and the Fordham School of Business at Fordham University. Whitman, in fact, tied for second highest rise, improving 18 spots overall from last year’s 88th overall placement to 70th this year. No school improved more, however, than the Weatherhead School of Management at Case Western Reserve University in Cleveland, Ohio, which improved a remarkable 22 spots from last year’s 77th overall placement to 55th this year.
A handful of schools also secured a spot in the top 100 after not appearing at all the previous year, including the Howard University School of Business, the American University Kogod School of Business, and Argyros School of Business and Economics at Chapman University.
Which Schools Fell The Hardest?
Along with the Yale School of Management losing its prestigious top ten status, a handful of schools tumbled in the 2019 ranking—with some virtually flat-lining. No school fell more than the Poole College of Management at North Carolina State University, slipping an astounding 35 spots from 55th last year to 92nd this year. Eleven schools lost their top 100 status in total. The reasoning behind the sudden drops are likely linked to the publication’s change in how it ranks the business schools.
In regards to the ranking methodology, U.S. News placed less value in test scores and student GPA. In a release this afternoon, U.S. News reported the following:
“For the first time U.S. News reduced the value of reported GPA, GRE and GMAT scores for full-time and part-time MBA programs and GRE scores in the education rankings if less than 50 percent of an entering class submitted these scores. U.S. News believes this lack of data means the scores are not representative of the entire class.”
The change, arguably, could stem from the fallout of the Temple University Fox School of Business, which was knocked off all of the publication’s rankings for the 2018 calendar year because of falsely reported data regarding test scores.
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