List of United States graduate business school rankings

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]


Most modern university ranking systems are comparably young. The origins of ranking educational institutions based on their academic and other performance are usually traced back towards the end of the 19th / the beginning if the 20th century.[2][3]

Marketing significanceEdit

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,[4] and creators of the rankings produce them to aid in this decision.[5]

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."[6]

Ranking techniquesEdit

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.[7] 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.[4]

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

Main rankingsEdit

U.S. News & World ReportEdit

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.[8] 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.[8] 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%).[9]

Bloomberg BusinessweekEdit

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.[10] 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.[10]

Forbes MagazineEdit

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.[11]

The EconomistEdit

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.[12]

Financial TimesEdit

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.[13] The survey responses are audited by KPMG.[14]

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.[4]

Academic Ranking of World UniversitiesEdit

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.[15]


Aspen InstituteEdit

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%).[16] The 2011 survey and ranking include data from 150 universities.[17]


The ranking of business schools has been discussed in articles and on academic websites.[18] Critics of ranking methodologies maintain that any published rankings should be viewed with caution for the following reasons:[19]

  • 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.[20]

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.[19]


Historical rankingsEdit

The historical rankings of the top MBA programs show little variation, even over long time periods. In every year since U.S. News & World Report has released rankings for business schools, Wharton School, Harvard Business School, Stanford Graduate School of Business, Kellogg School of Management, Booth School of Business and MIT Sloan School of Management have always occupied the top 6 spots.[21] With the addition of Columbia Business School, these seven schools comprise the M7,[22] which are most frequently listed at the top of various rankings (including the top seven spots worldwide in the Business Insider ranking) and have been referred to as "America's seven most powerful schools".[23]

Recent individual rankingsEdit

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 2019[24] BW


Forbes 2019[26] BI 2016 [27] FT 2016 [28] Ec 2015 [29] QS 2015 [30]
A. Gary Anderson Graduate School of Management University of California Riverside California, Riverside 91 NR - 1000 1000 69
Argyros School of Business and Economics Chapman University California, Orange 85 NR - 1000 1000
Atkinson Graduate School of Management Willamette University Oregon, Salem 99-131 82 57 - 1000 1000
Babcock Graduate School of Management Wake Forest University North Carolina, Winston-Salem NR NR - 1000 1000
Bauer College of Business University of Houston Texas, Houston 95 74 1000 1000 1000
Bennett S. LeBow College of Business Drexel University Pennsylvania, Philadelphia 84 NR 1000 1000 1000 1000
Binghamton University School of Management Binghamton University New York, Binghamton 89 NR 1000 1000 1000
Booth School of Business University of Chicago Illinois, Chicago 3 4 1 2 8 1 4
Brandeis International Business School Brandeis University Massachusetts, Waltham NR 90 1000 1000 1000
Busch School of Business and Economics Catholic University of America Washington, DC NR NR
Carl H. Lindner College of Business University of Cincinnati Ohio, Cincinnati 97 86 1000 1000 1000
Carlson School of Management University of Minnesota Minnesota, Minneapolis 35 35 32 1000 71 55
Carroll School of Management Boston College Massachusetts, Chestnut Hill 43 49 1000 69 1000
Raymond J. Harbert College of Business Auburn University Alabama, Auburn 69 85 - 1000 1000 1000
Charlton College of Business University of Massachusetts Dartmouth Massachusetts, Dartmouth NR NR
Columbia Business School Columbia University New York, New York City 6 9 7 7 6 12 5
Cox School of Business Southern Methodist University Texas, Dallas 43 42 45 1000 1000 82
Crummer Graduate School of Business Rollins College Florida, Winter Park NR NR 51 1000 1000 1000
Manderson Graduate School of Business University of Alabama Alabama, Tuscaloosa 50 NR 50 1000 1000 1000
Daniels College of Business University of Denver Denver, Colorado 91 83
Darden Graduate School of Business Administration University of Virginia Virginia, Charlottesville 12 5 13 11 1000 2 37
David Eccles School of Business University of Utah Utah, Salt Lake City 54 51 36 1000 1000 1000
E. J. Ourso College of Business Louisiana State University Louisiana, Baton Rouge 69 NR 1000 1000 1000
E. Philip Saunders College of Business Rochester Institute of Technology New York, Henrietta 93 93 1000 1000 1000
Eli Broad College of Business Michigan State University Michigan, East Lansing 38 39 27 38 65 35
Eller College of Management University of Arizona Arizona, Tucson 52 61 1000 1000 93
Fisher College of Business Ohio State University Ohio, Columbus 31 41 41 75 31
Florida International University College of Business / Chapman Graduate School of Business Florida International University Florida, Miami NR 94 1000 1000 1000
Foster School of Business University of Washington Washington, Seattle 21 16 23 31 49 37
Fox School of Business Temple University Pennsylvania, Philadelphia NR NR 1000 1000 53
Freeman School of Business Tulane University Louisiana, New Orleans 63 69 59 1000 1000 1000
Fuqua School of Business Duke University North Carolina, Durham 10 20 14 13 21 20 13
F. W. Olin Graduate School of Business Babson College Massachusetts, Wellesley 63 56 40 90 1000
Gabelli School of Business Fordham University New York, New York City 63 57 58 1000 1000 1000
Gatton College of Business and Economics University of Kentucky Kentucky, Lexington 67 86 1000 1000 1000
Gies College of Business University of Illinois Illinois, Champaign 47 NR 43 91 1000
Goizueta Business School Emory University Georgia, Atlanta 21 23 22 23 55 25
Graziadio School of Business and Management Pepperdine University California, Malibu 74 63 61 1000 1000 1000
Haas School of Business University of California, Berkeley California, Berkeley 6 8 11 10 7 6 12
Hankamer School of Business Baylor University Texas, Waco 57 79 1000 1000 1000
Harvard Business School Harvard University Massachusetts, Boston 3 3 4 3 2 4 1
Howard University School of Business Howard University Washington, D.C. 67 45 1000 1000 1000
Hult International Business School Hult International Business School Massachusetts, Cambridge NR 66 1000 1000 65
Iowa State University College of Business Iowa State University Iowa, Ames 47 NR 1000 1000 1000
Isenberg School of Management University of Massachusetts Amherst Massachusetts, Amherst 74 NR 1000 1000 1000
Poole College of Management North Carolina State University North Carolina, Raleigh 85 47 1000 1000 1000
Jesse H. Jones Graduate School of Management Rice University Texas, Houston 26 31 26 411000 53 45
Chaifetz School of Business Saint Louis University Missouri, St. Louis NR NR 1000 1000 1000
Katz School of Business University of Pittsburgh Pennsylvania, Pittsburgh 43 54 37 1000 98 69
Kelley School of Business Indiana University Indiana, Bloomington 21 25 19 34 54 29
Kellogg School of Management Northwestern University Illinois, Evanston 6 10 3 6 11 7 6
Kenan-Flagler Business School University of North Carolina, Chapel Hill North Carolina, Chapel Hill 19 18 15 20 41 33
Kellstadt Graduate School of Business DePaul University Illinois, Chicago NR NR 1000 1000 1000
Kogod School of Business American University Washington, D.C. 99-131 91 1000 1000 1000
Krannert School of Management Purdue University Indiana, West Lafayette 74 78 40 1000 1000
Leavey School of Business Santa Clara University California, Santa Clara NR NR 1000 1000 1000
Leeds School of Business University of Colorado at Boulder Colorado, Boulder 79 67 60 1000 1000 1000
Liautaud Graduate School of Business University of Illinois at Chicago Illinois, Chicago NR NR 1000 1000 1000
Lubin School of Business Pace University New York, New York City 99-131 NR 1000 1000 1000
Lundquist College of Business University of Oregon Eugene, Oregon 97 88
Marriott School of Management Brigham Young University Utah, Provo 32 27 24 44 80 1000
Scheller College of Business Georgia Institute of Technology Georgia, Atlanta 29 24 28 391000 71 1000
Marshall School of Business University of Southern California California, Los Angeles 17 22 21 32 52 71
Martin J. Whitman School of Management Syracuse University New York, Syracuse 89 65 1000 1000 1000
Mason School of Business College of William & Mary Virginia, Williamsburg 54 34 44 1000 1000 1000
Massry Center for Business University at Albany, State University of New York New York, Albany 99-131 NR
Mays Business School Texas A&M University Texas, College Station 40 53 33 421000 1000 1000
McCallum Graduate School of Business Bentley University Massachusetts, Waltham NR 84 1000 1000 1000
McCombs School of Business University of Texas at Austin Texas, Austin 19 21 18 21 47 39
McDonough School of Business Georgetown University Washington, D.C. 24 19 31 25 44 40
Mendoza College of Business University of Notre Dame Indiana, South Bend 26 28 25 24 76 44
Merage School of Business University of California, Irvine California, Irvine 43 46 43 1000 57 1000
Michael F. Price College of Business University of Oklahoma Oklahoma, Norman 58 64 1000 1000 1000
MIT Sloan School of Management Massachusetts Institute of Technology Massachusetts, Cambridge 3 7 7 5 9 15 7
Moore School of Business University of South Carolina South Carolina, Columbia 74 70 1000 1000 96
Naveen Jindal School of Management University of Texas at Dallas Texas, Richardson 38 36 46 1000 1000 1000
D'Amore-McKim School of Business Northeastern University Massachusetts, Boston 58 75 1000 1000 1000
Neeley School of Business Texas Christian University Texas, Fort Worth 61 40 1000 1000 63
Olin Business School Washington University in St. Louis Missouri, St. Louis 26 38 29 30 80 41
Owen Graduate School of Management Vanderbilt University Tennessee, Nashville 29 30 30 28 71 36
Pamplin College of Business Virginia Polytechnic Institute and State University Virginia, Blacksburg NR NR 1000 1000 1000
Peter F. Drucker and Masatoshi Ito Graduate School of Management Claremont Graduate University California, Claremont NR NR 1000 1000 1000
Rady School of Management University of California, San Diego California, San Diego 69 60 1000 59 1000
Rawls College of Business Texas Tech University Lubbock, Texas 99-131 73
Robert H. Smith School of Business University of Maryland, College Park Maryland, College Park 40 26 47 1000 51 42
Ross School of Business University of Michigan Michigan, Ann Arbor 10 17 10 14 20 27 8
Rutgers Business School Rutgers University New Jersey, New Brunswick and Newark 58 62 1000 1000 1000
Questrom School of Business Boston University Massachusetts, Boston 50 50 39 36 71 67
Samuel Curtis Johnson Graduate School of Management Cornell University New York, Ithaca 15 11 9 15 31 23 25
Sam M. Walton College of Business University of Arkansas Arkansas, Fayetteville 87 NR 1000 1000 1000
School of Business College of Charleston Charleston, SC 99-131 91
Simon Business School University of Rochester New York, Rochester 40 29 42 1000 86 51
Smeal College of Business Penn State University Pennsylvania, University Park 33 33 34 1000 89 62
Stanford Graduate School of Business Stanford University California, Stanford 2 1 2 4 5 13 1
Stern School of Business New York University New York, New York City 12 13 20 16 19 11 10
Sykes School of Business University of Tampa Tampa, Florida NR 81
Tepper School of Business Carnegie Mellon University Pennsylvania, Pittsburgh 17 15 17 22 33 30
Haslam College of Business University of Tennessee Tennessee, Knoxville 54 55 54 1000 1000 1000
Terry College of Business University of Georgia Georgia, Athens 37 44 48 1000 1000 72
The George Washington University School of Business George Washington University Washington, D.C. 61 51 78 81
The Wharton School University of Pennsylvania Pennsylvania, Philadelphia 1 6 5 1 4 10 1
Thunderbird School of Global Management Arizona State University Arizona, Glendale NR NR 1000 1000 1000 1000
Tippie College of Business University of Iowa Iowa, Iowa City NR NR 1000 94 73
Trulaske College of Business University of Missouri Missouri, Columbia 69 80 53 1000 1000 1000
Tuck School of Business Dartmouth College New Hampshire, Hanover 12 2 5 8 22 3 24
UC Davis Graduate School of Management University of California, Davis California, Davis 47 42 56 1000 1000 1000
UCLA Anderson School of Management University of California, Los Angeles California, Los Angeles 16 12 16 17 34 9 9
University at Buffalo School of Management The State University of New York at Buffalo New York, Buffalo 66 76 49 1000 1000 1000
University of Connecticut School of Business University of Connecticut Connecticut, Storrs 79 59 1000 96 1000
University of Louisville College of Business University of Louisville Kentucky, Louisville 87 NR 1000 1000 1000
University of Miami Business School University of Miami Florida, Coral Gables NR 72 55 1000 1000 97
University of Mississippi School of Business Administration University of Mississippi Mississippi, Oxford 99-131 68 1000 1000 1000
W. P. Carey School of Business Arizona State University Arizona, Tempe 33 48 38 1000 1000 47
Warrington College of Business / Hough Graduate School of Business University of Florida Florida, Gainesville 25 32 1000 1000 58
Weatherhead School of Management Case Western Reserve University Ohio, Cleveland 74 77 52 1000 1000 86
Wisconsin School of Business University of Wisconsin at Madison Wisconsin, Madison 35 37 35 1000 68 57
Yale School of Management Yale University Connecticut, New Haven 9 14 11 9 18 19 11
Zarb School of Business Hofstra University Hempstead, New York NR 89
Zicklin School of Business CUNY Baruch College New York, New York City 52 71 1000 1000 1000


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