2014 Ranking of the MBA Rankings & Best Business Schools
When searching for an MBA program, applicants must consider a wide range of factors, including location, cost and program concentration. In an effort to make this process quicker, we have provided our own MBA rankings to help applicants decide which program might be best for them.
2014 MBA Rankings Top 30
Our MBA rankings are developed from existing full-time MBA rankings published by U.S. News & World Report, Financial Times, The Economist, Forbes, Businessweek and the Princeton Review. We have weighted the scores of each publication based on how robust their methodology is, as well as what factors they consider when ranking a school. Rankings which are based on a single aspect -- such as recruiter surveys or the reported starting salaries of recent graduates -- are considered less robust than rankings which consider student faculty ratio, extensive program offerings, tuition cost, and admission criteria in addition to graduate salaries.
|Overall Rank||Business School||MBA Tuition||Currency|
|1||Harvard Business School||56,175 per year||U.S. Dollars|
|2||Stanford Graduate School of Business||59,550 per year||U.S. Dollars|
|3||University of Chicago Booth School of Business||58,760 per year||U.S. Dollars|
|4||The Wharton School of the University of Pennsylvania||59,736 per year||U.S. Dollars|
|5||IESE Business School||34,975 per year||Euro|
|6||Columbia Business School||60,720 per year||U.S. Dollars|
|7||MIT Sloan School of Management||63,750 per year||U.S. Dollars|
|8||Tuck School of Business at Dartmouth||58,935 per year||U.S. Dollars|
|9||London Business School||64,200 per year (program cost; annual cost not given)||Pounds|
|10||Haas School of Business, University of California Berkeley||51,412 per year (in-state)||U.S. Dollars|
|11||University of Virginia Darden School of Business||48,402 per year (in-state)||U.S. Dollars|
|12||University of Michigan Ross School of Business||52,200 per year (in-state)||U.S. Dollars|
|13||Duke University's Fuqua School of Business||55,300 per year||U.S. Dollars|
|14||NYU Stern School of Business||57,468 per year||U.S. Dollars|
|15||Johnson Graduate School of Management - Cornell University||55,948 per year||U.S. Dollars|
|16||IMD – International Institute for Management Development||60,000 (program cost; annual cost not given)||Swiss Franc|
|17||Kellogg School of Management - Northwestern University||59,085 per year||U.S. Dollars|
|18||The University of Oklahoma||2,800 per semester (in-state)||U.S. Dollars|
|19||HEC Paris||48,000 (program cost; annual tuition is not given)||Euro|
|20||University of South Florida, College of Business||9640 per year (in-state)||U.S. Dollars|
|21||HKUST Business School||545,000 (program cost; annual cost not given)||Hong Kong Dollars|
|21||University of Queensland Business School||50,640 per year||Australian Dollars|
|23||UCLA Anderson School of Management||48,722 per year (in-state)||U.S. Dollars|
|24||Yale School of Management||57,200 per year||U.S. Dollars|
|25||INSEAD||62,500 (program cost; annual tuition not given)||Euro|
|26||University of Louisville College of Business||32,000 per program (in-state)||U.S. Dollars|
|27||UNC Kenan-Flager Business School||31,510 per year (in-state)||U.S. Dollars|
|28||Tepper School of Business, Carnegie Mellon University||56,768 per year||U.S. Dollars|
|29||China Europe International Business School||388,000 (18 month program cost; annual cost not given)||Renminbi (China)|
|30||ESADE Business School||59,700 (program cost; annual tuition not given)||Euro|
See the full list of 129 Business Schools
"It's really hard for individual rankings to capture all the great things that are happening at all the different schools around the country," -- William Wait, director of MBA admissions at University of Wisconsin's School of Business
There are currently more than eight major MBA rankings available to prospective students, not counting rankings for military MBA programs or rankings of schools by country. While these tools can help individuals better understand factors such as post-graduate salary and projected employment outcomes, they do not provide insight into other important aspects of business school, such as student-to-professor ratios or specialty programs, like human resources management or entrepreneurship.
"There was a school a couple of years ago that increased its GMAT by 30 points in a year. That's not just due to normal fluctuation... - Robert Weiler, associate dean of the full-time MBA program at the UCLA Anderson School of Management
We have written before about how program rankings can be manipulated, faulty or decided with little or no information on the part of ranking officials. Many a b-school has criticized the rankings process, calling it a beauty contest, a self-fulfilling prophecy, and a serious time and resource drain for participating schools. In general, such rankings should not be the sole deciding factor in choosing an MBA program or even used as a tool of school selection. Factors such as class flexibility, tuition, alumni base, and program offerings should matter more to prospective students than an institution's ranking.
"I think where students get into trouble is when they use it as a selection mechanism, 'okay, I've been admitted to these schools, I'm going to go to this one because it's ranked 16th and I'm not going to go to this one because it's ranked 20th.'" -- Andrew Sama, senior associate director of MBA admissions for the University of Notre Dame
To help make sense of these rankings, and balance them with other aspects of what business schools have to offer, we interviewed MBA professors, deans and admissions directors for their opinions on what value MBA rankings can have, and the additional factors MBA applicants should consider when applying. In addition, we combined the most popular MBA program rankings to give as close to a comprehensive ranking as possible. Hopefully, this will arm students with the information they need to narrow their search and eventually choose the program that best aligns with their academic and professional goals.
"The next step is to visit and get the fit, see if you feel comfortable there, if they are teaching what you feel it is that you want to learn, if they are going to give you the opportunities you need, do they have the right corporate connections, what is their alumni base like, and so forth." -- Ken White, the associate dean of MBA & MS programs at the University Of Maryland's Robert H. Smith School of Business
While our comprehensive MBA rankings evaluate only full-time programs at this time, prospective students can find which schools have been ranked highest for specific MBA programs, such as finance, part-time, marketing, online, international business, and the executive MBA, elsewhere on our site. Browse the individual rankings on our resource pages for more information.