List of United States graduate business school rankings

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List of United States business school rankings is a tabular listing of some of the business schools and their affiliated universities located in the United States that are included in one or more of the rankings of full-time Master of Business Administration programs. Rankings are typically published by magazines or websites. This list is not a comprehensive list of business schools in the United States. These rankings are a subset of college and university rankings. Business schools are university-level institutions generally affiliated with a university or college that produces students who attain business administration degrees. Most of the schools listed in the rankings below are accredited by the Association to Advance Collegiate Schools of Business. Some of the publications shown here have related rankings for undergraduate, part-time and executive curricula.

There is currently some controversy among faculty and administrators in American institutions of higher education regarding the request by the surveyors to have college presidents give their subjective opinion of other colleges because some of the methodologies are deemed misleading and a disservice. This has resulted in a movement surrounding the President's letter.[1]

Marketing significance[edit]

Business school rankings are important to the various business schools because they are an important marketing tool used to recruit top students, and lure recruiters from the top companies. Business schools attempt to achieve higher rankings in order that they may obtain the top students who will over the course of their careers most likely benefit the school by achieving high ranking positions, attaining great influence, and accumulating great wealth. Such students often are able to help other students attain better (higher paying, more respected and more influential) jobs. Students use the rankings to choose their school,[2] and creators of the rankings produce them to aid in this decision.[3]

More than half of recruiters said they believe the quality of MBA graduates is the same or better currently compared with past years.[citation needed] Some of the most renowned schools, such as Harvard and Stanford, do not rank as highly as their stature might suggest. Recruiters complain that they often find graduates of some of the most famous institutions more arrogant and less collegial than the MBAs they meet at other schools.[citation needed] Recruiters also noted that "some of the large, elite schools also don't seem to enjoy as many close, personal relationships with recruiters as smaller MBA programs do."[4]

Ranking techniques[edit]

The rankings are based on a variety of factors such as standardized test scores of students, salary of recent graduates, survey results of graduates and/or recruiters, the specific schools that choose to participate in a market survey, the number of top companies recruiting at the school and a variety of attributes.[5] The ratings vary significantly by method used to determine the success of each program. For instance, the Forbes and Financial Times results are based on long-term graduate career progress concerns, the Bloomberg Businessweek and Economist polls evaluate short-term experiences of the students with their program, U.S. News & World Report consider the recent experiences of recruiters with the program, and other rankings like the Aspen Institute Beyond Grey Pinstripes measure integration of sustainability material into business programs.[2]

The following is a short summary of the different recognized rankings:

Main rankings[edit]

U.S. News & World Report[edit]

The U.S. News & World Report uses a combination of the objective and subjective as well. The magazine seeks "expert opinion about program quality and statistical indicators that measure the quality of a school's faculty, research, and students." However, it ranks a broad spectrum of professional school programs such as business schools, law schools, and medical schools as well as a variety of programs specific academic disciplines such as the social sciences or humanities.[6] The business opinion data incorporates responses from deans, program directors, and senior faculty about the academic quality of their programs as well as the opinions of professionals who actually do the hiring of the new MBA graduates from the schools. The statistical data combines measures of the qualities of the incoming students and as well as the faculty with measures of post graduate success as related to their degrees.[6] There were 382 programs that responded out of 402 solicited, and the formula used a strict combination of quality assessment (40%), placement success (35%), and student selectivity (25%).[7]

Bloomberg Businessweek[edit]

The Bloomberg Businessweek rankings, which are based on three sources of data (a student survey, a survey of corporate recruiters, and an intellectual capital rating), are published in mid-October of even numbered years.[8] The 2006 student survey of 45 online questions of students' ratings of their programs was distributed to 16,595 students three weeks before graduation; there were 9,290 responses. The recruiter survey determines how many MBAs a recruiter's company hired in the previous two years and which schools it actively recruits from. 223 respondents participated out of 426 solicited. The intellectual capital is determined based on a formula incorporating academic publications in journals, books written, and faculty size.[8]

Forbes Magazine[edit]

The Forbes magazine methodology was to calculate a five-year return on investment for 2002 graduates. Forbes surveyed 18,500 alumni of 102 MBA programs and used their pre-enrollment and post-graduate business school salary information as a basis for comparing post-MBA compensation with the cost of attending the programs.[9]

The Economist[edit]

The Economist Intelligence Unit, the business information arm of the Economist Group, gathered results from two internet questionnaires, one of business schools and one of their students and recent graduates, and used them to rate business schools located all over the world. Information provided by the schools made up 80% of the ranking, with student and alumni responses accounting for only 20%. Factors in the evaluation included faculty:student ratio, GMAT scores of incoming students, student body diversity, foreign languages offered, percentage of graduates finding jobs within three months after graduation, percentage of graduates finding jobs through the school's career service, graduates' salaries and the comparison of pre-enrollment and post-graduation salaries, and student/alumni evaluations of the program, facilities, services, and alumni network. Results were tabulated using a smoothing method incorporating the three previous years' results. The organization used strict data provision thresholds, with the result that some highly regarded schools were omitted from the list of 100 ranked schools.[10]

Financial Times[edit]

The Financial Times poll was the result of over 10,000 respondents to nearly 23000 electronic questionnaires of alumni from 155 qualifying business schools. The survey began in July 2006 and all internationally accredited programs that are at least five years old and that have produced at least 30 graduates in each of the last three years were solicited. 113 of the 155 had at least 20 respondents and at least a 20 percent response rate. The questionnaire used twenty criteria in three main areas. The poll actually presents all twenty criteria to the reader. Eight criteria are based on alumni responses; eleven criteria are based on business school responses, and the final criterion is based on a research index produced by the Financial Times.[11] The survey responses are audited by KPMG.[12]

The Financial Times has also produced a "ranking of rankings" summarizing five of the individual rankings (The Economist, Bloomberg Businessweek, Wall Street Journal, Forbes, Financial Times). They produce United States, and European summary rankings based on all five and a global summary ranking using the Wall Street Journal, Economist and Financial Times. The summary is based on underlying polls in which a school placed in the top ten using an average of the ordinal placements. The summary excludes the U.S. News & World Report results.[2]

Academic Ranking of World Universities[edit]

The Academic Ranking of World Universities includes every institution that has any Nobel Laureates, Fields Medals, and highly cited researchers. In addition, major universities of every country with significant amount of papers indexed by Science Citation Index-Expanded (SCIE) and Social Science Citation Index (SSCI) are also included. Having alumni of an institution winning Nobel Prizes in Economics since 1951 attributes 10% of the score. Staff of an institution winning Turing Awards in computer science since 1961 contributes 15% of the score. Highly cited researchers in economics/business category get 25% weighting. Papers indexed in SSCI in economics/business fields gets 25%. Finally, the percentage of papers published in top 20% journals of economics/business fields to that in all economics/business journals gets 25% weighting.[13]

Other[edit]

Aspen Institute[edit]

Rankings based on attributes other than standardized test scores, salary of graduates, and similar attributes also exist. The Beyond Grey Pinstripes ranking, compiled by the Aspen Institute and published biannually, is based entirely on the integration of social and environmental stewardship into university curriculum and faculty research. Data for this survey is solicited from university administrators at accredited colleges, and audited by teams of Ph.D. scoring fellows. Rankings are calculated on the amount of sustainability coursework made available to students (20%), amount of student exposure to relevant material (25%), amount of coursework focused on stewardship by for-profit corporations (30%), and relevant faculty research (25%).[14] The 2011 survey and ranking include data from 150 universities.[15]

Criticism[edit]

The ranking of business schools has been discussed in articles and on academic websites.[16] Critics of ranking methodologies maintain that any published rankings should be viewed with caution for the following reasons:[17]

  • Rankings exhibit intentional selection bias as they limit the surveyed population to a small number of MBA programs and ignore the majority of schools, many with excellent offerings.
  • Ranking methods may be subject to personal biases and statistically flawed methodologies (especially methods relying on subjective interviews of hiring managers, students, and/or faculty).
  • Rankings use no objective measures of program quality.
  • The same list of schools appears in each ranking with some variation in ranks, so a school ranked as number 1 in one list may be number 17 in another list.
  • Rankings tend to concentrate on representing MBA schools themselves, but some schools offer MBA programs of different qualities and yet the ranking will only rely upon information from the full-time program (e.g., a school may use highly reputable faculty to teach a daytime program, but use adjunct faculty in its evening program or have drastically lower admissions criteria for its evening program than for its daytime program).
  • A high rank in a national publication tends to become a self-fulfilling prophecy.
  • Some leading business schools including Harvard, INSEAD, Wharton and Sloan provide limited cooperation with certain ranking publications due to their perception that rankings are misused.[18]

In the specific case of MBA programs, one study found that ranking MBA programs by a combination of graduates' starting salaries and average student GMAT score can duplicate some of the ranking order found in top 20 lists of Business Week and U.S. News & World Report.[17]

Rankings[edit]

Historical rankings[edit]

The historical rankings of the top MBA programs show little variation, even over a long time period. In 1977, MBA Magazine surveyed business schools deans to come up with a ranking which listed The Wharton School, Harvard Business School, Stanford Graduate School of Business, the Booth School of Business, and the MIT Sloan School of Management as their top 5.[19] These schools plus the Kellogg School of Management have always comprised the top 5 schools in every U.S. News & World Report ranking.[20] With the addition of Columbia Business School, these seven schools which are most frequently listed at the top of various rankings (and are the top seven worldwide in the Business Insider ranking) have been referred to as "America's seven most powerful schools".[21]

Recent individual rankings[edit]

Below all schools that ranked on any of the lists below are ordered alphabetically and presented with their numerical rankings in the respective lists. The following abbreviations are used in the column headings: USN - U.S. News & World Report, BW - Bloomberg Businessweek, Ec - The Economist, FT - Financial Times, BI - Business Insider, QS - Quacquarelli Symonds and ARWU - Academic Ranking of World Universities.

Business School University Location (State, City) USN 2018[22] USN 2017 [23] BI 2016 [24] FT 2016 [25] BW 2015 [26] Ec 2015 [27] Forbes 2015 [28] QS 2015 [29]
A. Gary Anderson Graduate School of Management University of California Riverside California, Riverside 93 - 1000 1000 1000 1000 69
Argyros School of Business and Economics Chapman University California, Orange - 1000 68 1000 1000
Atkinson Graduate School of Management Willamette University Oregon, Salem 1000 - 1000 70 1000 60
Raymond J. Harbert College of Business Auburn University Alabama, Auburn 83 - 1000 1000 1000 1000 1000
Babcock Graduate School of Management Wake Forest University North Carolina, Winston-Salem 1000 - 1000 1000 1000 1000
Bauer College of Business University of Houston Texas, Houston 93 1000 1000 1000 1000 1000
Bennett S. LeBow College of Business Drexel University Pennsylvania, Philadelphia 88 1000 1000 1000 1000 1000 1000
Binghamton University School of Management Binghamton University New York, Binghamton 77 1000 1000 1000 1000 1000
Booth School of Business University of Chicago Illinois, Chicago 1 3 2 8 2 1 6 4
Brandeis International Business School Brandeis University Massachusetts, Waltham 1000 1000 1000 1000 1000 1000
Busch School of Business and Economics Catholic University of America Washington, DC
Carl H. Lindner College of Business University of Cincinnati Ohio, Cincinnati 79 1000 1000 63 1000 1000
Carlson School of Management University of Minnesota Minnesota, Minneapolis 32 1000 71 45 55 27
Carroll School of Management Boston College Massachusetts, Chestnut Hill 44 1000 69 1000 1000 1000
Charlton College of Business University of Massachusetts Dartmouth Massachusetts, Dartmouth
Columbia Business School Columbia University New York, New York City 9 7 6 6 12 4 5
Cox School of Business Southern Methodist University Texas, Dallas 52 1000 1000 32 82 37
Crummer Graduate School of Business Rollins College Florida, Winter Park 1000 1000 1000 1000 1000 52
Manderson Graduate School of Business University of Alabama Alabama, Tuscaloosa 54 1000 1000 1000 1000 49
Darden Graduate School of Business Administration University of Virginia Virginia, Charlottesville 14 11 1000 12 2 16 37
David Eccles School of Business University of Utah Utah, Salt Lake City 57 1000 1000 59 1000 1000
E. J. Ourso College of Business Louisiana State University Louisiana, Baton Rouge 79 1000 1000 1000 1000 54
E. Philip Saunders College of Business Rochester Institute of Technology New York, Henrietta 91 1000 1000 1000 1000 1000
Eli Broad College of Business Michigan State University Michigan, East Lansing 37 38 65 30 35 22
Eller College of Management University of Arizona Arizona, Tucson 49 1000 1000 1000 93 59
Fisher College of Business Ohio State University Ohio, Columbus 27 75 39 31 43
Florida International University College of Business / Chapman Graduate School of Business Florida International University Florida, Miami 1000 1000 1000 1000 1000 1000
Foster School of Business University of Washington Washington, Seattle 27 31 49 20 37 30
Fox School of Business Temple University Pennsylvania, Philadelphia 32 1000 1000 1000 53 64
F. W. Olin Graduate School of Business Babson College Massachusetts, Wellesley 69 40 90 56 1000 1000
Freeman School of Business Tulane University Louisiana, New Orleans 73 1000 1000 1000 1000 57
Fuqua School of Business Duke University North Carolina, Durham 12 13 21 8 20 12 13
Gabelli School of Business Fordham University New York, New York City 73 1000 1000 72 1000 1000
Gatton College of Business and Economics University of Kentucky Kentucky, Lexington 86 1000 1000 73 1000 1000
Scheller College of Business Georgia Institute of Technology Georgia, Atlanta 29 391000 71 23 1000 33
Goizueta Business School Emory University Georgia, Atlanta 20 23 55 15 25 25
Graziadio School of Business and Management Pepperdine University California, Malibu 65 1000 1000 74 1000 63
Haas School of Business University of California, Berkeley California, Berkeley 7 10 7 9 6 8 12
Hankamer School of Business Baylor University Texas, Waco 65 1000 1000 1000 1000 1000
Harvard Business School Harvard University Massachusetts, Boston 1 1 3 2 1 4 2 1
Howard University School of Business Howard University Washington, D.C. 1000 1000 50 1000 1000
Hult International Business School Hult International Business School Massachusetts, Cambridge 1000 1000 1000 62 65 1000
Iowa State University College of Business Iowa State University Iowa, Ames 65 1000 1000 1000 1000 1000
Isenberg School of Management University of Massachusetts Amherst Massachusetts, Amherst 57 1000 1000 1000 1000 1000
Jenkins Graduate College of Management North Carolina State University North Carolina, Raleigh 57 1000 1000 29 1000 1000
Jesse H. Jones Graduate School of Management Rice University Texas, Houston 29 411000 53 19 45 39
John Cook School of Business Saint Louis University Missouri, St. Louis 1000 1000 1000 1000 1000
Katz School of Business University of Pittsburgh Pennsylvania, Pittsburgh 53 1000 98 44 69 35
Kelley School of Business Indiana University Indiana, Bloomington 21 34 54 28 29 20
Kellogg School of Management Northwestern University Illinois, Evanston 4 6 11 3 7 3 6
Kenan-Flagler Business School University of North Carolina, Chapel Hill North Carolina, Chapel Hill 18 20 41 17 33 13
Kellstadt Graduate School of Business DePaul University Illinois, Chicago 93 1000 1000 1000 1000 1000
Kogod School of Business American University Washington, D.C. 1000 1000 1000 28 1000 25
Krannert School of Management Purdue University Indiana, West Lafayette 50 1000 53 1000 32
Leavey School of Business Santa Clara University California, Santa Clara 1000 1000 1000 1000 1000 1000
Leeds School of Business University of Colorado at Boulder Colorado, Boulder 79 1000 1000 71 1000 62
Liautaud Graduate School of Business University of Illinois at Chicago Illinois, Chicago 1000 1000 1000 1000 1000
Lubin School of Business Pace University New York, New York City 1000 1000 1000 1000 1000 1000
Marriott School of Management Brigham Young University Utah, Provo 34 44 80 27 1000 21
Marshall School of Business University of Southern California California, Los Angeles 24 32 52 25 71 38
Martin J. Whitman School of Management Syracuse University New York, Syracuse 88 1000 1000 67 1000 1000
Mason School of Business College of William & Mary Virginia, Williamsburg 57 1000 1000 37 1000 53
Massry Center for Business University at Albany, State University of New York New York, Albany 91
Mays Business School Texas A&M University Texas, College Station 38 421000 1000 22 1000 24
McCallum Graduate School of Business Bentley University Massachusetts, Waltham 1000 1000 1000 1000 1000 1000
McCombs School of Business University of Texas at Austin Texas, Austin 17 21 47 21 39 14
McDonough School of Business Georgetown University Washington, D.C. 21 25 44 26 40 41
Mendoza College of Business University of Notre Dame Indiana, South Bend 29 24 76 31 44 23
Merage School of Business University of California, Irvine California, Irvine 44 1000 57 54 1000 42
Michael F. Price College of Business University of Oklahoma Oklahoma, Norman 83 1000 1000 52 1000 1000
MIT Sloan School of Management Massachusetts Institute of Technology Massachusetts, Cambridge 5 4 5 9 4 15 9 7
Moore School of Business University of South Carolina South Carolina, Columbia 71 1000 1000 1000 96 1000
Naveen Jindal School of Management University of Texas at Dallas Texas, Richardson 38 1000 1000 42 1000 1000
Neeley School of Business Texas Christian University Texas, Fort Worth 71 1000 1000 38 63 1000
D'Amore-McKim School of Business Northeastern University Massachusetts, Boston 54 1000 1000 61 1000 56
Olin Business School Washington University in St. Louis Missouri, St. Louis 21 30 80 35 41 31
Owen Graduate School of Management Vanderbilt University Tennessee, Nashville 25 28 71 34 36 39
Pamplin College of Business Virginia Polytechnic Institute and State University Virginia, Blacksburg 1000 1000 1000 1000 1000 1000
Peter F. Drucker and Masatoshi Ito Graduate School of Management Claremont Graduate University California, Claremont 1000 1000 1000 1000 1000 1000
Robert H. Smith School of Business University of Maryland, College Park Maryland, College Park 47 1000 51 33 42 46
Ross School of Business University of Michigan Michigan, Ann Arbor 11 14 20 10 27 15 8
Rutgers Business School Rutgers University New Jersey, New Brunswick and Newark 50 1000 1000 1000 1000 1000
Questrom School of Business Boston University Massachusetts, Boston 44 36 71 48 67 48
Samuel Curtis Johnson Graduate School of Management Cornell University New York, Ithaca 16 15 31 16 23 10 25
Sam M. Walton College of Business University of Arkansas Arkansas, Fayetteville 73 1000 1000 1000 1000 1000
Simon Business School University of Rochester New York, Rochester 43 1000 86 36 51 44
Smeal College of Business Penn State University Pennsylvania, University Park 36 1000 89 43 62 28
Stanford Graduate School of Business Stanford University California, Stanford 4 4 4 5 7 13 1 1
Stern School of Business New York University New York, New York City 12 16 19 24 11 18 10
Tepper School of Business Carnegie Mellon University Pennsylvania, Pittsburgh 19 22 33 18 30 19
Terry College of Business University of Georgia Georgia, Athens 48 1000 1000 51 72 36
The George Washington University School of Business George Washington University Washington, D.C. 78 40 81 1000
The Wharton School University of Pennsylvania Pennsylvania, Philadelphia 3 1 1 4 5 10 7 1
Thunderbird School of Global Management Arizona State University Arizona, Glendale 88 1000 1000 1000 1000 1000 1000
Tippie College of Business University of Iowa Iowa, Iowa City 64 1000 94 55 73 26
Trulaske College of Business University of Missouri Missouri, Columbia 69 1000 1000 66 1000 51
Tuck School of Business Dartmouth College New Hampshire, Hanover 8 8 22 14 3 5 24
UC Davis Graduate School of Management University of California, Davis California, Davis 42 1000 1000 1000 1000 61
UCLA Anderson School of Management University of California, Los Angeles California, Los Angeles 15 17 34 13 9 17 9
Rady School of Management University of California, San Diego California, San Diego 82 1000 59 65 1000 1000
Gies College of Business University of Illinois Illinois, Champaign 40 43 91 57 1000 34
University at Buffalo School of Management The State University of New York at Buffalo New York, Buffalo 73 1000 1000 47 1000 42
University of Connecticut School of Business University of Connecticut Connecticut, Storrs 65 1000 96 1000 1000 1000
University of Louisville University of Louisville Kentucky, Louisville 86 1000 1000 1000 1000 1000
University of Miami Business School University of Miami Florida, Coral Gables 57 1000 1000 57 97 1000
University of Mississippi School of Business Administration University of Mississippi Mississippi, Oxford 1000 1000 69 1000 1000
Haslam College of Business University of Tennessee Tennessee, Knoxville 54 1000 1000 64 1000 1000
W. P. Carey School of Business Arizona State University Arizona, Tempe 25 1000 1000 49 47 47
Warrington College of Business / Hough Graduate School of Business University of Florida Florida, Gainesville 40 1000 1000 41 58 50
Weatherhead School of Management Case Western Reserve University Ohio, Cleveland 77 1000 1000 1000 86 1000
Wisconsin School of Business University of Wisconsin at Madison Wisconsin, Madison 48 1000 68 46 57 29
Yale School of Management Yale University Connecticut, New Haven 9 9 18 11 19 11 11
Zicklin School of Business CUNY Baruch College New York, New York City 57 1000 1000 1000 1000

References[edit]

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