Now Reading
Top 10 Best MBA Programs in USA

Top 10 Best MBA Programs in USA

Top 10 Best MBA Programs in USA

A business degree from top 10 best MBA programs in USA can definitely give you some extra benefits. In the USA, MBA holders earn a lot more than an average American. According to PayScale MBA holders roughly earn 87000 dollars while The Financial Times says this degree can bring 150,000 dollar salary.

But an MBA in the USA is not a piece of cake. It is a very expensive course and top universities in the USA are offering MBA in different areas. MBA programs cost over 70000 dollars per year and offer less scholarship than undergrad. So students should take the decision under proper guidance and with intellect before making such significant investment.

Although employed persons usually take admission in the top MBA programs in the USA there are some universities that offer the opportunity to do an MBA without job experience (link). Top MBA programs of the USA were surveyed in fall 2019 and early 2020. All 477 MBA programs accredited by the Association to Advance Collegiate Schools of Business International, US News ranked 131 because they provided all necessary documents, where responded were 364.

The best MBA programs were assessed in several categories

  • Quality Assessment (weighted by 0.40)
    • Peer assessment score (0.25)
    • Recruiter assessment score (0.15)
  • Placement success (weighted by 0.35)
    • Mean starting salary and bonus (0.14)
    • Employment rates of full-time MBA program graduates
  • Student Selectivity (weighted by 0.25)
    • Mean GMAT and GRE scores (0.1625)
    • Mean undergraduate GPA (0.075)
    • Acceptance rate (0.0125)

The value of each school was compared with mean and standard deviation. Weighted scores were standardized, totaled, and rescaled where top school scored 100 and others received their percentages of the top score.

Top 10 Best MBA programs in USA

The top 10 MBA schools: The best MBA schools their rankings, departments, and concentration

1. Stanford University (tie):

Overall score: 100

Peer assessment (out of 5): 4.9

Recruiter assessment (out of 5): 4.5

Acceptance rate: 6.9%

Average GMAT score: 734

Average starting salary and bonus: $168,226

Departments and concentration (with specialty ranking):  Accounting(#8), Business Analytics (#6), Finance (#6) Entrepreneurship (#2), information system (#6), Management (#2), Project Management (#2), Marketing (#4), Not-for-Profit Management (#3), Production/Operations management (#4), Supply Chain Management/Logistics (#9),  E-commerce, Economics,  Organizational Behavior, Portfolio Management, Public Administration, Public Policy, Real Estate, Sports Business, Health Care Administration, Human Resources Management, Leadership, Manufacturing and Technology Management,  Quantitative Analysis/Statistics and Operations Research, Technology, etc.

Enrollment (full time):848

Tuition fee (per year): $73062

67. 50% of graduation level employed.

2. The University of Pennsylvania,Wharton (tie):

Overall score: 100

Peer assessment (out of 5): 4.8

Recruiter assessment (out of 5): 4.4

Acceptance rate: 23.1%

Average GMAT score: 732

Average starting salary and bonus: $172,016

Departments and concentration (with specialty ranking):  Accounting(#3), Business Analytics (#5), Finance (#1) Entrepreneurship (#6), Executive MBA (#3), information system (#11), International (#5), Management (#7), Project Management (#2), Marketing (#2), Not-for-Profit Management (#3), Production/Operations management (#6), Real Estate (#1), Supply Chain Management/Logistics,  E-commerce, Economics, General Management, Health Care Administration, Human Resources Management, Insurance international Business, production/operations management, Public Policy, Quantitative Analysis/Statistics and Operations Research, etc.

In addition, students also get chances to pursue joint degrees along with business degrees- an accelerated MBA/ J.D. Degree in three years simultaneously with the Penn Law School, MBA/M. A degree and joint program with Harvard Kennedy School of Government, Wharton also gives the opportunity to earn a Ph.D. in four to five years in nine areas including ethics & legal studies, statistics, and applied economics. Outdoor trips “Ventures” teach students how to manage stress, make critical decisions, and leadership quality. This business school has two more campuses in San Francisco and Philadelphia.

Enrollment (full time):1740

Tuition fee (per year): $74500

81% of graduates in full-time programs are employed.   

3. Northwestern University (Kellogg):

Overall score: 99

Peer assessment (out of 5): 4.6

Recruiter assessment (out of 5): 4.3

Acceptance rate: 27.0

Average GMAT score: 730

Average starting salary and bonus: $163,752

Departments and concentration (with specialty ranking):  Executive MBA (#2), Management (#3), Marketing (#1), Nonprofit Management (#7), Production/Operation Management (#10), Real Estate (#10). 

Other top-ranked courses are Accounting, Business Analytics, Entrepreneurship, Finance, International, Supply Chain.

Apart from these courses, Northwestern University offers General Management, Health Care Administration, Leadership, Organizational Behavior, Portfolio Management, Public Administration, Public Policy, Quantitative Analysis/Statistics, and Operations Research, Technology, etc.

Here if MBA students want to earn extra credential he/she can pursue a master’s degree in design innovation under e McCormick School of Engineering and Applied Science or a J.D. under the Northwestern Law School. Kellogg School of Management also gives the opportunity to do a Ph.D. in several subjects including management, organizations, and sociology with the Weinberg College of Arts and Sciences.

Northwestern University (Kellogg) also ranked three in the Part-time MBA. Part-time MBA program students do their classes on every Saturday evening. Courses of Kellogg School of Management focus on teamwork, experiential learning, and international field research. Outside of the classes students can get involved in the General Motors Research Center for Strategy in Management or in Center for Executive Women and many other research centers where guest speakers deliver their speech.

Enrollment (full time):1289

Tuition fee (per year): $73404

85. 60% of graduates in full-time programs are employed.

4. The University of Chicago, Booth (tie):

Overall score: 99

Peer assessment (out of 5): 4.7

Recruiter assessment (out of 5): 4.3

Acceptance rate: 24.2

Average GMAT score: 730

Average starting salary and bonus: $164,607

Departments and concentration (with specialty ranking):  Accounting (#5), Business analytics (#7), Executive MBA (#1), Finance (#2), Marketing (#6), Management, Economics, Entrepreneurship, International Business, Management Information Systems, Production/Operations Management, Organizational Behavior, Public Policy, and Quantitative Analysis/Statistics and Operations Research.

The school ranked number 1 in the Part-time MBA.

Enrollment (full time):1193

Tuition fee (per year): $72000

At graduation, 87.20% of students of full-time programs are employed.

5. Massachusetts Institute of Technology, Sloan:

 Overall score: 97

Peer assessment (out of 5): 4.7

Recruiter assessment (out of 5): 4.4

Acceptance rate: 14.6%

Average GMAT score: 727

Average starting salary and bonus: $160,291

Departments and concentration (with specialty ranking): Business Analytics (#1), Entrepreneurship (#3), Executive MBA (#8), Finance (#5), Information System (#1), Production/Operation Management (#1), Project Management (#1), Supply Chain/Logistic (#2), Accounting, Economics,  General Management, Health Care Administration, Human Resources Management, Industrial Management,  Leadership, Manufacturing and Technology Management, Organizational Behavior, Quantitative Analysis/Statistics and Operations Research, Tax, and Technology.

The business courses are designed to maintain global standards. The school also teaches to tackle real-life problems through “action labs” in existing companies of the USA, India, and China.

Graduate students’ organizations of MIT have business clubs for nations around the world which they run with a global focus. There are different sporting clubs where students can participate. Students can also participate in the yearlong $100K Entrepreneurship Competition where they can get money as a reward for winning.

Enrollment (full time):825

Tuition fee (per year): $77168

At graduation, 79.30% of students of full-time programs are employed.

6. Harvard University:

Overall score: 96

Peer assessment (out of 5): 4.8

Recruiter assessment (out of 5): 4.4

Acceptance rate: 11.5%

Average GMAT score: 728

Average starting salary and bonus: $164,872

Departments and concentration (with specialty ranking): Entrepreneurship (#5), Finance (#7), International Business (#2), Management (#1), Marketing (#8), Nonprofit Management (#2), Accounting, Business Analytics, Production/Operation Management, Consulting, E-commerce, Economics, Ethics, Health Care Administration, Human Resources Management, Leadership, Manufacturing and Technology Management,  Organizational behavior, Portfolio management, Public Administration, Public Policy, Real Estate, Sports Business, Supply Chain Management/Logistics, Quantitative Analysis/Statistics, and Operations Research, Tax, and Technology.

Harvard Business School focuses on teaching through case method and experiential learning system. Experiential learning is dividing students into small groups. These small teams evaluate existing organizations and go for trips and study weeks to another country over the winter break.

HBS students also get the opportunity to take Executive MBA classes at a 30% discount. If they want they can also take joint programs with Harvard Law School, Harvard Medical School, the Harvard Kennedy School of Government, and the Harvard School of Dental Medicine.

Enrollment (full time): 1868

Tuition fee (per year): $73440

At graduation, 77.30% of students of full-time programs are employed.

7. University of California Berkeley, Haas:

Overall score: 94

Peer assessment (out of 5): 4.6

Recruiter assessment (out of 5): 4.2

Acceptance rate: 17.7%

Average GMAT score: 725

Average starting salary and bonus: $64,656

See Also
2020-2021 MBA Application Deadlines

Departments and concentration (with specialty ranking): Business Analytics (#9), Entrepreneurship (#4), Executive MBA (#7), Finance (#8), International Business (#10), Management (#9),  Nonprofit Management (#4), Real Estate (#2), Accounting, Marketing, Management Information System, Consulting, E-commerce, Economics, General Management, Health Care Administration, Human Resources Management, Leadership, Manufacturing and Technology Management, Production/Operations Management, Organizational Behavior, Portfolio Management, Public Administration, Public Policy, Supply Chain Management/Logistics, Quantitative Analysis/Statistics, and Operations Research, and Technology.

Students can complete their MBA within 21 months in the traditional program, while Part-time MBA take three years to complete. Part-time MBA classes are in the evening every Saturday. Students can get projects both in local or international companies through the Haas@Work program. At the campus, there are few research centers like Asia Business Center, Fisher Center for Real Estate and Urban Economics, etc. while among the business school the University of California Berkeley ranked number 7, its part-time MBA ranked number 2.

Enrollment (full time): 591

Tuition fee (per year): $64656

At graduation, 76.20% of students of full-time programs are employed.

8. Columbia University:

Overall score: 92

Peer assessment (out of 5): 4.4

Recruiter assessment (out of 5): 4.2

Acceptance rate: 16.4%

Average GMAT score: 732

Average starting salary and bonus: $164,945

Departments and concentration (with specialty ranking): Executive MBA (#4), Finance (#4), International Business (#6), Management (#9), Marketing (#7),  Nonprofit Management (#9), Production/ Operation Management (#11), Real Estate(#5), Accounting, Business Analytics, Entrepreneurship, Consulting, Economics, General Management, Health Care Administration, Leadership, Portfolio Management, Quantitative Analysis/Statistics and Operations Research, and Technology.

Enrollment (full time): 1284

Tuition fee (per year): $77376

At graduation, 78.40% of students of full-time programs are employed

9. Yale University:

Overall score: 91

Peer assessment (out of 5): 4.4

Recruiter assessment (out of 5): 4.2

Acceptance rate: 25.2%

Average GMAT score: 721

Average starting salary and bonus: $152,860

Departments and concentration (with specialty ranking): Nonprofit Management (#1), Management (#11), Executive MBA, Finance, International Business, Marketing, Accounting, Consulting, Economics, Entrepreneurship, Ethics,  General Management, Health Care Administration, Human Resources Management, Leadership, Production/Operations Management, Organizational Behavior, Portfolio Management, Public Administration, Supply Chain Management/Logistics, and Quantitative Analysis/Statistics and Operations Research.

At Yale students work with “raw cases” instead of business cases where they analyze wide ranges of topics like stock charts and articles. Completing the Leadership Development Program and fulfilling the global studies requirement is mandatory for all students which includes a trip overseas. Students take electives in both years either under school guidance or other departments such as Yale Law School.

Here Executive MBA is offered as a weekend format. For students there are some academic centres like the International Center for Finance, the Center for Business and the Environment, the Center for Customer Insights, etc. students can also participate in several extracurricular activities and sports events through exiting clubs.  

Enrollment (full time): 722

Tuition fee (per year): $72350

76.10% of students of the full-time programs are employed

10. New York University (Stern):

Overall score: 90

Peer assessment (out of 5): 4.3

Recruiter assessment (out of 5): 3.9

Acceptance rate: 26.1%

Average GMAT score: 721

Average starting salary and bonus: $168,291

Departments and concentration (with specialty ranking): Accounting (#7), Business Analytics (#8), Executive MBA (#5), Finance (#3), management Information system (#8), International Business (#4), Marketing (#9), Real Estate(#3), Entrepreneurship, Management, Arts Administration, Consulting, E-commerce, Economics, General Management, Health Care Administration, Leadership, Manufacturing, and Technology Management, Nonprofit Management, Production/Operations Management, Organizational Behavior, Supply Chain Management/Logistics, Quantitative Analysis/Statistics and Operations Research, and Technology.

Before starting school, MBA students are divided into several groups, known as Blocks. Students in a block together take courses, eat lunches and compete in the annual Block Olympics. Out of the block they can take elective courses. Here students get the opportunity to get specialized in up to three courses.

If they want they can complete dual degrees at an accelerated pace like the J.D. /MBA takes four years under Stern and the NYU School of Law; an M.S. in Biology/MBA takes three years under the Graduate School of Arts and Sciences; an MBA/M.S. in mathematics and in finance takes two and a half years at the Courant Institute of Mathematical Sciences.

The Part-time MBA of New York University ranked 4.

Enrollment (full time): 717

Tuition fee (per year): $74184

85.60% of students of the full-time programs are employed

It is true ding MBA is not a very easy task. It requires lots of money, patience, and hard work to complete the MBA. But if you want to go far away in your career in a country like the USA, an MBA degree can help you. Since many things are connected with this decision before taking admission do some research on top MBA programs in the USA to get a clear idea. 

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
View Comments (0)

Leave a Reply

Your email address will not be published.

Scroll To Top