U.S. News & World Report Best Business Schools Rankings

U.S. News & World Report Best Business School Rankings

U.S. News & World Report offers one of the world's most comprehensive school ranking systems available, highlighting hundreds of business schools in the United States. The annually released ranking organizes school programs according to a quality assessment, career success, and student selectivity into a weighted average. Check out the most recent U.S. News & World Report "Best Business School" rankings below.

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The Wharton School, the top full-time MBA in the United States according to U.S. News & World Report, earned top-billing in the new ranking after earning third place last year. The University of Pennsylvania business school is universally regarded as one of the world's best, with top ten specialization rankings for: finance (1st); marketing (2nd); accounting (3rd); international (3rd); products and operations (5th); entrepreneurship (6th); information systems (6th); and management (6th). Its Executive MBA is also ranked as the third best in the U.S.

The average salary of Wharton MBA grads is $139,670. With an average signing bonus of $34,751, the total comes to $174,421. Among those graduates, roughly 94.6 percent earned a job offer within three months of graduation. In addition, the Wharton School enrolls more MBAs than any business school in the country, outside of Harvard Business School, with 1,742 students.

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Stanford University's Graduate School of Business jumps an extra spot in the most recent U.S. News & World Report "Best Business Schools" ranking, with students earning some of the highest academic marks on the planet. Among the 855 enrolled full-time MBA students, the GMAT average is 732 and the undergraduate GPA is a staggering 3.73. Unlike many of the other top-ranked schools on this list, Stanford GSB MBA grads do not, however, typically see an astronomical employment offer rate. About 88 percent of graduates are employed within three months of graduation. This is due to Stanford's higher-than-average amount of entrepreneurship students (16 percent), potentially surpressing the overall figures.

MBA graduate's combined salary ranks second on the new list, with average annual earnings of $162,704. However, the Financial Times notes that three years after earning an MBA, Stanford GSB grads have the highest annual salary rate in the world of $228,074.

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After claiming the top overall spot in last year's U.S. News "Best Business Schools" ranking, Harvard Business School slightly fell back this year to third overall. The Ivy League business school still enrolls the largest full-time MBA class in the United States, with 1,873 students, who join the program with an average GMAT of 731 and an undergraduate GPA of 7.31.

Like Wharton, HBS has numerous top-ten ranked specializations, including: management (1st); nonprofit (2nd); international (4th); entrepreneurship (4th); marketing (6th); and finance (7th). It's accounting program, however, was suspiciously low (per Harvard standards, at least), at 24th overall. Full-time MBA graduates typically see a combine salary and signing bonus of $159,314 out of school.

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Despite an MBA class that features nearly 1000 less students, a slightly lower GMAT average, and slightly higher cost of tuition, the MIT Sloan School of Management managed to tie Boston academic rival Harvard Business School on the new U.S. News "Best Business Schools" ranking.

LSloan secured its spot, tied for third overall, thanks to several highly-regarded specialities, including: information systems (1st); production/operations (1st); supply chain/logistics (2nd); entrepreneurship (3rd); and finance (5th). Although, like HBS, Sloan's accounting speciality didn't rank too highly, sitting at 27th overall.

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Like Harvard Business School, the University of Chicago Booth School of Business fell slightly from its first place mantle last year, down to third overall on the new U.S. News "Best Business Schools" ranking.

The highest-ranked full-time MBA program in the Midwest also earned the unique distinction of the highest-ranked part-time and Executive MBA programs in the country. Over 95 percent of recent Booth full-time grads earned employment offers within three months of achieving a degree, earning an estimated total compensation (salary and bonus offers) of $154,722 per year.

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The top-ranked business school in New York City, yet again, is Columbia Business School (CBS), according to the U.S. News "Best Business Schools" ranking.

The Ivy League institution earned the unfortunate distinction as the most expensive MBA in the country in terms of annual tuition, currently at $74,400 per year for its full-time MBA program. However, the business school boasts exceptionally high academic standards, with an MBA students body of nearly 1,300 earning an average GMAT score of 736—easily the highest mark on the entire U.S. News ranking. The GMAT figure is even more surprising when considering Columbia doesn't have nearly the same strict acceptance standards as some of the schools ranked ahead of it. Stanford GSB, Harvard Business School, and MIT Sloan all have marginally lower acceptance rates than CBS.

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Northwestern University's celebrated Kellogg School of Management in Chicago earns the 6th overall spot for the second year in a row on the U.S. News "Best Business Schools" ranking. This comes two years after earning the fourth overall spot on the ranking.

The business school earned the lofty distinction of the best marketing graduate program in the country, along with the second best Executive MBA and the third best part-time MBA. In addition, Kellogg boasts the nation's third best management specialization, and the eighth best production/operations specialization. Kellogg full-time MBA grads earn a total compensation of $151,605 after earning the degree, with 92 percent of grads earning a job offer within three months of graduating.

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Northwestern University's celebrated Kellogg School of Management in Chicago earns the 6th overall spot for the second year in a row on the U.S. News "Best Business Schools" ranking. This comes two years after earning the fourth overall spot on the ranking.

The business school earned the lofty distinction of the best marketing graduate program in the country, along with the second best Executive MBA and the third best part-time MBA. In addition, Kellogg boasts the nation's third best management specialization and the eighth best production/operations specialization. Kellogg full-time MBA grads earn a total compensation of $151,605 after earning the degree, with 92 percent of grads earning a job offer within three months of graduating.

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After briefly falling out of the top ten in the U.S. News & World Report ranking last year, the Yale School of Management earn a spot at the back-end of the top ten, placing at ninth overall.

The New Haven, Connecticut Ivy League business school didn't earn many of the typically high honors most of the schools in the top ten managed (24th in entrepreneurship, tied for 39th in finance). However, its nonprofit specialization earned recognition as the best in the country. The schools also accepted more students at a higher rate than its oft-compared to rival, Harvard Business School, and featured a fairly diverse full-time MBA class with 44.4 percent female students, 35.8 international students, and 27.1 percent U.S. minority students.

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U.S. News & World Report awarded the Duke University Fuqua School of Business with the final spot in the top ten, tied with the University of Michigan Stephen M. Ross School of Business.

The Durham, North Carolina business school boasts the nation's sixth best Executive MBA program, as well as second best marketing specialization in the U.S., and the sixth best nonprofit specialization. And despite the school's much more reasonable GMAT standards (an average score of 704), full-time MBAs earned an average total compensation of $155,129 after graduation.

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The final school in the U.S. News & World Report "Best Business Schools" ranking top ten is the University of Michigan Stephen M. Ross School of Business, tied with Duke's Fuqua School of Business. The tenth place ranking comes a year after the Ann Arbor business school earned the seventh overall spot, which, at the time, was the school's highest-ever ranking in the publication.

Every single MBA program and specialization at the Ross School of Business earned a placement in the individual top ten rankings, outside of information systems, which was tied for 15th overall in the U.S. In addition, the school's acceptance rate for full-time MBA applicants was significantly more lenient than most of the schools ranked above it, with more than 27 percent of applicants earning admission. Ross MBAs also earned some of the best employment marks in the country, with a staggering 89.3 percent of grads earning employment offers even before graduation. Three months after graduation, the number increases to 93.5 percent.

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