Top 10 Ranking of Business Schools in the USA
The success of future students depends on many factors. Finding an undergraduate program, that is highly qualified and in-demand is one of the most important aspects of academic and career readiness. Business degrees are highly sought out nowadays because of their exceptional versatility. Besides undergraduate programs, many universities also provide dual degrees where students can pursue their masters which completing undergraduate coursework.
Coming to the positioning, there are mainly four criteria that play an important role in the ranking of business schools. They are Accreditation, Affordability, Average alumni salary, and Prestige.
Table of Contents
Let’s take a look at the ranking of business schools in the USA:
1. University of Pennsylvania (Wharton)-
The Wharton School is a highly prestigious elite private Ivy League school situated in Philadelphia, Pennsylvania and is also recognized as being the U.S.’s first and oldest business school and now has the largest success alumni in the country and all over the world.
With an enrollment of around 1742 undergraduate students, it is indeed a large institution. Admission is extremely competitive as the acceptance rate is only 9%. The school’s full-time tuition cost is $72,300 per year. Popular specialty majors include Finance and Economics. The average base salary of graduated Wharton alumni is $139,670.
Most notable alumni of Wharton school are current president Donald Trump and his daughter Ivanka Trump and billionaire Warren Buffet.
Ranking of The Wharton School of University of Pennsylvania:
No. 1 out of 687 as Best Colleges for Accounting and Finance in America
Business School Specialty Rankings
1 In Finance
2 in Marketing (tie)
3 in Accounting
3 in International Business (tie)
5 in Production / Operations (tie)
6 In Entrepreneurship
6 in Information Systems
6 in Management (tie)
Address: 34th & Spruce Street, Philadelphia, PA 19104, United States
Website: https://www.wharton.upenn.edu
2. Massachusetts Institute of Technology (Sloan)-
Established in 1914 with the location in Cambridge, Massachusetts, Sloan school is a private business school of Massachusetts Institute of Technology (MIT). It is a small institution with an enrollment of 813 undergraduate students. With an acceptance rate of only 9%, admission at MIT Sloan is highly competitive. The school’s full-time tuition cost is $74,200 per year. On an average of 86% of graduating students enter into a job right after graduation. MIT alumni’s average base salary is approx $135,105.
Ranking of MIT Sloan School of Management:
No. 2 in Best Business Schools
Business School Specialty Rankings:
1 in Information Systems
1 in Production / Operations (tie)
2 in Supply Chain / Logistics
3 In Entrepreneurship
5 In Finance
Address: 77 Massachusetts Avenue, Cambridge, MA 02139, United States
Website: https://mitsloan.mit.edu
3. University of California-Berkeley (Haas)-
Established in 1898, Haas School of Business of University of California Berkeley is a reputed public university located in Berkeley, California. It has an enrollment of 590 undergraduate students. Admission is competitive as the UC Berkeley acceptance rate is only 17% making it a highly selective school. The school’s full-time tuition cost is $60,987 per year (in-state) and $61,442 per year (out-of-state). Popular majors include Economics. The percentage of students getting jobs right after graduation is 75.5%. UC Berkeley alumni’s average base salary is $127,571.
Ranking of Haas School of Business:
No. 3 In Best Business Schools (tie)
Business School Specialty Rankings:
6 in International Business
8 In Finance (tie)
9 in Marketing (tie)
Address: 200 California Hall, Berkeley, CA 94720, United States
Website: https://haas.berkeley.edu
4. University of Michigan (Ross) –
Ross School of Business is a business school of the University of Michigan founded in 1924. It is a highly public school located in Ann Arbor, Michigan. The dual degree is provided by Ross School of Business with other universities of Michigan schools.
With an enrollment of 832 undergraduate students, admission is competitive as the Michigan acceptance rate is 27%. The school’s full-time tuition cost is $63,646 per year (in-state) and $68,646 per year (out-of-state). Graduating 89.3%of students, Michigan alumni go on to earn an average salary base of $126,500.
Ranking of Ross School of Business:
No. 3 In Best Business Schools (tie)
Business School Specialty Rankings:
2 in Marketing (tie)
4 in Management (tie)
5 in Production / Operations (tie)
5 in Accounting
7 In Entrepreneurship
8 in International Business
8 In Finance (tie)
9 in Supply Chain / Logistics (tie)
Address: 15 E Jefferson St, Ann Arbor, MI 48109, United States
Website: https://michiganross.umich.edu
5. Carnegie Mellon University (Tepper)-
The Tepper School of Business at Carnegie Mellon University (Tepper) which is located in Pittsburgh, Pennsylvania was established in 1949. Within a span of few years, it managed its position at no. 5 nationally. With an enrollment of 465 undergraduate students, the school’s acceptance rate is 19%, categorizing it as highly selective. The school was named after an alumnus, David Tepper who donated a whopping $57 as a gift to the school.
The school’s full-time tuition cost is $65,000 per year. The average base salary of Tepper alumni out of the 81.9% graduate student is $120,382.
Ranking of Tepper School of Business:
No. 5 In Best Business Schools (tie)
Business School Specialty Rankings:
2 in Information Systems
2 in Production / Operations
7 in Supply Chain / Logistics
Address: 5000 Forbes Avenue, Pittsburgh, PA 15213, United States
Website: https://www.cmu.edu/tepper
6. New York University (Stern) –
A highly prestigious and also one of the oldest private universities located in Manhattan, New York, Leonard N. Stern School of Business is a business school of New York University which was established in the year 1900. It is an institution with an enrollment of 772 undergraduate students. Admission is competitive as the school’s acceptance rate is 8%. The school’s full-time tuition cost is $71,676 per year. The school is good with International Business and Economics majors. Graduating 83.7% of students, NYU alumni go on to earn an average base salary of $129,059.
Ranking of Leonard N. Stern School of Business:
No. 5 In Best Business Schools (tie)
Business School Specialty Rankings:
3 in International Business (tie)
8 in Marketing
9 in Accounting
10 in Information Systems
Address: 70 Washington Sq South, New York, NY 10012, United States
Website: https://www.stern.nyu.edu
7. University of Texas-Austin (McCombs)-
Established in 1922, McCombs School of Business of University of Texas-Austin is a reputed public university located in Austin, Texas and also Texas’s oldest public business school. It has around 551 enrolled undergraduate students. Admission is fairly competitive as the UT Austin acceptance rate is 22.8%. The school’s full-time tuition cost is $40,622 per year (in-state) and $54,394 per year (out-of-state).Graduating 75% of students, UT Austin alumni go on to earn a starting salary of $119,036.
Ranking of McCombs School of Business:
No. 5 In Best Business Schools (tie)
Business School Specialty Rankings
1 in Accounting
4 in Information Systems
10 In Entrepreneurship
11 In Finance
Address: 110 Inner Campus Drive, Austin, TX 78712, United States
Website: https://www.mccombs.utexas.edu
8. University of North Carolina (Kenan-Flagler) –
Founded in 1919, Kenan-Flagler Business School of University of North Carolina is a reputed public university located in Chapel Hill, North Carolina. It has an enrollment of 556 undergraduate students. The school’s full-time tuition cost is $45,915 per year (in-state) and $61,038 per year (out-of-state). Admission is competitive as the Kenan-Flagler’s acceptance rate is 46%. Graduating 80.5% of students, UNC alumni go on to earn a starting salary of $116,543.
Ranking of The Kenan–Flagler Business School:
No. 8 In Best Business Schools (tie)
Business School Specialty Rankings:
11 in Accounting
Address: 103 South Bldg Cb 9100, Chapel Hill, NC 27599, United States
Website: https://www.kenan-flagler.unc.edu
9. University of Virginia (McIntire) –
McIntire School of Commerce is a business school at University of Virginia, a well-ranked public university located in Charlottesville, Virginia which was established in 1921. It is regarded as one of the finest business schools in the United States with an enrollment of 690 undergraduate students. Admission is competitive as the McIntire School’s acceptance rate is 54.6%. Popular majors include Economics and Business. Graduating 95% of students, UVA alumni go on to earn a starting salary of $63,023.
Ranking of McIntire School of Commerce:
No. 8 In Best Business Schools (tie)
Business School Specialty Rankings:
12 in Finance
6 in Management
8 in Marketing
Address: 1827 University Avenue, Charlottesville, VA 22903, United States
Website: https://www.commerce.virginia.edu
10. Cornell University (SC Johnson) –
The Samuel Curtis Johnson Graduate School of Management- Established in 1946, Cornell is a highly ranked an Ivy League private university located in Ithaca, New York. With an enrollment of 573 undergraduate students, admission is extremely rigorous as the Cornell acceptance rate is 13%. The school’s full-time tuition cost is $66,290 per year.
Graduating 79.7% of students, Cornell alumni go on to earn an average base salary of $126,353.
Ranking of the Samuel Curtis Johnson Graduate School of Management:
No. 10 in Best Business Schools
Address: 300 Day Hall, Ithaca, NY 14853, United States
Website: https://business.cornell.edu
All of these above business schools offer world-class programs at the undergraduate, graduate, doctoral and certificate levels with world-class teaching faculties and staff. Some schools even provide dual degrees and admission is an extremely rigorous and intense process. These business schools have produced wealthy billionaires and top industrialists. No wonder most of these business schools were named after notable alumni.
The ranking of business schools is not permanent. It changes every year. But the rankings are mostly consistent and mainly the order changes within the top ten rankings of business schools.
