2014 MBA Rankings & Best Business Schools - MBAPrograms.org
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2014 Ranking of the Top MBA Programs & 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.

See why we made our own rankings

2014 Top 30 MBA Program Rankings

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

Why did we develop an MBA ranking?

"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.