10 best MBA programs in the U.S.
(Poets Quants) With interest in startups and entrepreneurship reaching a fever’s pitch, Stanford Graduate School of Business emerged as the No. 1 business school in the U.S. in Poets Quants’ 2014 ranking of the best full-time MBA programs. Here s this year s top 10.
1. Stanford Graduate School of Business
With entrepreneurship the new rage on MBA campuses, Stanford has become the place to launch a new business. Record levels of graduates are going the startup route—17% of the class this year, more than any other business school in the world. Stanford s incoming crop of MBAs is the largest class in the school’s history, with record percentages of both female and international students. Out of a class of 410 newbies (vs. 406 last year), 42% are women, up six full percentage points from last year’s 36%, while 44% are from outside the U.S., up three percentage points from 41% last year. The international contingent at Stanford hails from 62 different countries, an all-time high. The average GMAT score for the class is also the highest of any U.S. business school: 732.
2. Harvard Business School
When it comes to prestige, it’s hard to beat Harvard. More corporate CEOs in the world graduate from the school than any other. Over the length of a career, no business school’s graduates make more money. This year, the entering class of MBAs was nearly identical to the previous year. The median GMAT for the class that will enter this fall is exactly what it was for the past three years: 730, with a range of 580 to 790. The average age of the class remained the same: 27. Some 41% of the admits are women, 35% international, and 25% are U.S. ethnic minorities.
3. Univ. of Pennsylvania – Wharton
The latest cohort of graduates from Wharton had one of the best placement records in the school s history. Long known as a finance school, Wharton is diversifying the industries and companies that recruit its MBAs. Even with finance well off its peak, 98.2% of the class had job offers three months after graduation this year. More of the school’s graduates are taking jobs in technology, healthcare, and consumer products, and a growing number of Wharton MBAs are starting their own companies.
4. University of Chicago – Booth
Median salaries and job offers went up this year for MBA graduates of the University of Chicago’s Booth School of Business. The median base salary rose to $120,000, up $5,000 from last year’s $115,000. Only six years ago, in 2009, median salaries at the school were $100,000. Only three business schools have higher median starting salaries: Harvard, Stanford, and Wharton, all of which have reported a median base this year of $125,000.
This year, 98% of Booth s Class of 2014 had at least one offer of employment three months after graduation, up from 93.7% last year, and 89.8% had offers at graduation, up from 86.3%. Of all the top schools to issue 2014 employment reports so far, only Wharton, Dartmouth’s Tuck School of Business, and Emory University’s Goizueta School match the 98% offer rate hit by Booth.