Harvard University and University of Pennsylvania Wharton School share the number one rank in the U.S. News & World Report Best Business Schools 2018.
With no claimant for the second rank, the University of Chicago Booth School of Business is ranked number 3 followed by MIT Sloan, Northwestern University’s Kellogg and Stanford University tied for the 4th rank.
Once again, with no claimants for the 5th and 6th ranks, University of California’s Berkeley Haas in the 7th spot followed by Tuck School of Business at Dartmouth ranked at number 8. Columbia and Yale ended up in a tie for the 9th rank.
With no claimant for the 10th rank, University of Michigan’s Ross School of Business was in the 11th spot. The 12th rank was a tie between Duke University’s Fuqua School of Business and New York University’s Stern.
University of Virginia Darden School was 14th in the absence of a contender for the 13th spot. UC Los Angeles Anderson was ranked 15 followed by Cornell university’s Johnson ranked 16, University of Texas Austin McCombs 17th , Kenan Flager 18th, Carnegie Mellon’s Tepper 19th and Emory University’s Goizueta ranked 20.
Harvard Business School (HBS) has a tuition fee of $ 63,675 per year and student strength of 1,871. At graduation, 79.3% find employment. The school alumni include James Dimon, president and CEO of JPMorgan Chase & Co.; Meg Whitman, president and CEO of Hewlett-Packard; and Jeffrey Immelt, chairman and CEO of General Electric.
Wharton has 1,708 enrolled students and a tuition fee of $ 67,516 per year with $ 192,900 for the total program. The school has campuses in Philadelphia and San Francisco.
Notable among the 90,000 alumni worldwide are John Sculley, former CEO of Apple Inc.; Jeff Weiner, CEO of LinkedIn and J.D. Power III, founder of J.D. Power and Associates, a global marketing information firm.
The school has 1,185 full time students with a tuition fee of $ 66,540 per year and a total program cost of $ 179,000.
All the 471 MBA programs accredited by the Association to Advance Collegiate Schools of Business (AACSB) International were surveyed in fall 2016 and early 2017. A total of 377 responded.
Of those, 131 were ranked because they provided enough of the required data on their full-time MBA program that were needed to calculate the full-time MBA rankings, based on a weighted average of several indicators including Quality Assessment, Peer assessment score, Recruiter assessment score, Placement success, mean starting salary and bonus and employment rates for full time MBA program graduates.
For overall ranking, data were standardized about their means, and standardized scores were weighted, totalled and rescaled so that the top school received 100.
Others received their percentage of the top score. Graduate business programs were then numerically ranked in descending order based on their scores.
To be included in the full-time MBA rankings, a program had to have 20 or more of its 2016 full-time MBA graduates seeking employment.
For a school to have its employment data considered in the ranking model, at least 50% of its 2016 full-time MBA graduates needed to be seeking work.
MBA programs that did not meet either of the above employment criteria were listed as Unranked because the program did not supply enough key statistical data to be numerically ranked.
The Top 50 Business Schools as per the US News 2018 Business School ranking: