Bloomberg Businessweek Best Business Schools Ranking

In 2018, Bloomberg Businessweek completely revamped its ranking methodology, modeling it solely around graduate compensation, learning experience, networking, and entrepreneurship. Unlike many of the other competitive business school and MBA rankings, Bloomberg Businessweek's rankings are compiled with a more narrow focus, emphasizing graduate's careers after earning a degree, rather than the vast experiences during their education.

Because of its methodology, few rankings give readers a better snapshot of the career benefits of business school quite like Bloomberg Businessweek. The obvious drawback, however, is that an emphasis centered mostly around material gains hardly queues prospective students into what life is actually like at these prestigious business schools and the MBA programs. The business publication notes that it interviewed "26,699 MBA students, alumni, and recruiters" to construct the 2018 ranking, which also includes individual region and industry statistics. To get a more in depth look at the entire ranking, head on over to the official Bloomberg Businessweek website.

The Stanford Graduate School of Business managed to secure the top overall spot in the 2018 Bloomberg Businessweek ranking, thanks to the school's nearly unbeatable marks in entrepreneurship and post-graduate salaries (with nearly perfect scores for both). This is the first time in the history of the publication's ranking that the Bay Area school landed first overall. However, not surprisingly, the school was always near the top, earning as high as fifth overall in 2017.

This is the second time in 2018 that Stanford GSB earned a top ranking honor, the first of which came from the Financial Times's Global MBA Ranking. In both of the aforementioned rankings, the school's adjacent geography to the heart of Silicon Valley provided a statistical benefit, offering graduates potentially lucractive positions that few other schools, both inside and outside of the United States, can hope to match.

Wharton Banner

Despite the major changes to the publication's methodology, The Wharton School at the University of Pennsylvania maintained its number two overall spot for the second year in a row.

The business school reeled in high marks for its outstanding networking advantages (2nd overall) and average compensation for its graduates (3rd overall). Considering Bloomberg Businessweek's higher-emphasis on financial value and post-graduate careers, its not surprising to find that the overall grade was mostly bolstered by these two categories. Learning experiences, the prestrigious Ivy League bastian landed—shockingly—at 38th overall.

Harvard Graphic

For those familiar with any MBA or business school ranking, it would be pretty surprising to find Harvard Business School anywhere outside the top. And despite Bloomberg Businessweek changing its ranking system, HBS still managed to secure a top three spot for 2018.

Like Wharton, HBS' high placement comes on the strength of its post-grad compensation and in-house networking, despite its surprisingly low marks for learning experiences and entrepreneurship. HBS scored an overall grade of 91.9—less than a point below Wharton, with a 99.3 grade for compensation and 95.3 grade for networking. More than 50 percent of graduates earned careers in finance and consulting industries, with each industry pulling an average of $150,000 per year for recent grads. Nearly every HBS graduate earned an average over $100,000 per year, except for those in nonprofits and government positions. Still, employees in those fields managed to earn close to six-figures, both earning at least $90,000 per year.

MIT GRAPHIC

The MIT Sloan School of Management is the second business school on the Bloomberg Businessweek 2018 ranking to appear in the Boston region, maintaining the metro's upper-tier reputation as the best academic nexus in the United States, if not the entire world.

Sloan scored an even 88 overall in the ranking. While it did not manage to secure the impossibly high grades in compensation and networking as the top three schools on this list, MIT Sloan is one of the most consistently graded schools in the country. Every category—compensation, networking, learning experience, and entrepreneurship—all earned grades of at least 73, with compensation earning the highest individual grade of 91.8. Learning experience, in particular, stands out considering its Boston rival—HBS—graded out nearly 20 points lower.

Booth Banner

The University of Chicago Booth School of Business earns the destinction of being the top-ranked school on the Bloomberg Businessweek 2018 ranking that doesn't reside on either the East or West U.S. coasts.

Much like HBS and Wharton, Booth's overall score is largely boosted on its remarkable compensation and networking grades (93.9 and 85, respectively). This mark came, again, inspite of relatively paltry learning experience and entrepreuneurship grades. Unlike several of the school's ranked ahead of Booth, however, recent graduates in every industry category that Bloomberg Businessweek uses to compile its grades earned more than $100,000 per year.

Haas banner

No school in the top ten of Bloomberg Businessweek's 2018 ranking saw a greater rise than the University of California, Berekeley Haas School of Business.

The Bay Area metro business school jumped from 11th overall in 2017 to 6th in 2018, thanks in part to the school's proximity to Silicon Valley. On a fairly consistent basis, schools located near the California startup nexus saw some grade boost in the entrepreneurship category, which was largely responsible for helping the aforementioned Stanford GSB move to first overall. That major factor lead to technology jobs ranking first—by far—in terms of employment destination for Haas grads, at an eye-popping 37 percent of the class. Consulting, like most of the schools in the top 10, was still relatively high at 26 percent, with finance coming in a distant third at 12 percent.

However, Haas manages to stand out among the top 10 schools in one all-important factor: cost.

Haas tuition currently stands at $61,050 USD for in-state students, and $61,506 for out-of-state students—both of which are, easily, less costly than its direct competitors. In fact, only three schools in the top ten have a current tuition under $70,000; UVA Darden and Cornell Johnson being the other two. Haas, however, topped both of those schools in the 2018 ranking, and still costs thousands less than either of them.

Sign up for our weekly newsletter to get the top business school news, advice, and more delivered to your inbox.
Sign up for our weekly newsletter to get the top business school news, advice, and more delivered to your inbox.

Your compare list

Compare
REMOVE ALL
COMPARE
0