Best Business Schools in the US

There are various factors to consider while choosing a college or university to attend, whether it is an undergraduate business school or a school where you can pursue an MBA. In addition to the obvious considerations like location and cost, you should consider the quality of each school’s programs as well as its reputation among employers. As a result, this blog about the best business schools in the US is to inform you about the finest business schools in the United States where you may transform yourself and progress your career. In this blog, we’ll talk about the top business schools in the World 2021 and the finest undergraduate business schools, and ultimately, we’ll rate the best business schools in the US based on many respected rankings.

Top Business Schools in the United States

There are many different rankings, but top schools remain at the top regardless of the ranking system; they simply swap spots from time to time, so there is some movement, but they are essentially the same group. As a result, we’ve compiled a thorough list of the best business schools in the US.

1. Stanford University Business School:

Stanford University is the best business school in the world.  Accounting, e-commerce, economics, entrepreneurship, ethics, finance, general management, health care administration, human resources management, leadership, manufacturing and technology management, marketing, not-for-profit management, production/operations management, organizational behavior, portfolio management, public administration, public policy, real estate, and sports management are among the departments and specialties offered by Stanford University’s Graduate School of Business. It has full-time tuition of  $74,706 per year. At graduation, 62.60% of graduates of the full-time program are hired.

2. University of Pennsylvania (Wharton) Business School:

The University of Pennsylvania’s Wharton School was the country’s first business school and today has the country’s largest alumni network. Accounting, e-commerce, economics, entrepreneurship, ethics, finance, general management, health care administration, human resources management, insurance, international business, marketing, production/operations management, public policy, real estate, and quantitative analysis/statistics and operations research are among the departments and concentrations offered by the Wharton School at the University of Pennsylvania (Wharton).

Its full-time tuition is $80,432 per year. 81 percent of full-time program alumni are employed when they graduate. Philadelphia and San Francisco are both home to the school. University City, which also houses Drexel University and the University of the Sciences in Philadelphia, is where students at the Philadelphia school can live.

3. University of Chicago (Booth) Business School:

The University of Chicago (Booth) is ranked third among the best business schools and first among part-time MBA programs. Accounting, economics, entrepreneurship, finance, general management, international business, marketing, management information systems, production/operations management, organizational behavior, public policy, and quantitative analysis/statistics and operations research are among the departments and concentrations available at the University of Chicago’s Booth School of Business. The annual tuition is $73,440 for full-time students. 84.30 percent of full-time program graduates are hired after completion.

Read also: Best Institutions to study Business Administration and Management

4. Northwestern University (Kellogg) Business School

Accounting, economics, entrepreneurship, finance, general management, health care administration, leadership, marketing, not-for-profit management, production/operations management, organizational behavior, portfolio management, public administration, public policy, real estate, quantitative analysis/statistics, and operations research, and technology are among the departments and concentrations offered by Northwestern University’s Kellogg School of Management (Kellogg). Full-time tuition is $74,871 per year; part-time tuition is $7,273 per credit; and executive tuition is $108,918 per year.

At the end of the full-time program, 80.60 percent of graduates are employed. The Kellogg School of Management offers a number of graduate degree programs, including a regular full-time MBA program and a part-time MBA program with evening and Saturday seminars. Ted Phillips, president and CEO of the Chicago Bears, and Ellen Kullman, chair and CEO of DuPont, are among the more than 50,000 Kellogg graduates.

5. Harvard University Business School:

Harvard University is ranked fifth among the best business schools in the world. Schools are ranked based on their performance on widely regarded excellence factors. Students at HBS can get an MBA, a doctorate, or take executive education seminars. (Many executive education courses are available at a 30% discount for HBS grads.) Joint degree programs with Harvard Law School, Harvard Medical School, Harvard Kennedy School of Government, and Harvard School of Dental Medicine are available to HBS students.

Graduate business school students in Cambridge, Massachusetts, may reside on campus. The Massachusetts Institute of Technology is also a good place for students to do research. Students can join one of the more than 70 groups on campus to enrich their studies. The annual HBS Show, a live musical theatre show put on by MBA students, lends a little levity to the otherwise grueling course program. Its full-time tuition is $73,440 per year. Seventy-nine percent of full-time program graduates are employed upon completion.

HBS has almost 100,000 graduates, many of whom have gone on to become CEOs of significant organizations. James Dimon, president and CEO of JPMorgan Chase & Co.; Meg Whitman, president and CEO of Hewlett-Packard; and Jeffrey Immelt, chairman, and CEO of General Electric, are among the famous alumni.

6. Massachusetts Institute of Technology (Sloan) Business School:

Accounting, economics, entrepreneurship, finance, general management, health care administration, human resources management, industrial management, international business, leadership, manufacturing, and technology management, marketing, management information systems, production/operations management, organizational behavior, and supply chain management are among the departments and concentrations offered by the Massachusetts Institute of Technology’s Sloan School of Management. Its full-time tuition is $77,168 per year. 79.30 percent of full-time program graduates are employed when they graduate.

The Massachusetts Institute of Technology (Sloan) is tied for fifth place with Harvard Business School (HBS) in the Best Business Schools rankings. Schools are ranked based on their performance on a set of widely regarded excellence factors.

7. Columbia University Business School:

Accounting, consulting, economics, entrepreneurship, finance, general management, health care administration, international business, leadership, marketing, not-for-profit management, production/operations management, portfolio management, real estate, quantitative analysis/statistics, and operations research, and technology are among the departments and concentrations offered by Columbia University’s Columbia Business School. Its full-time tuition is $77,376 per year. 73.30 percent of full-time program alumni are employed when they graduate.

8. University of California, Berkeley (Haas) Business School:

Accounting, e-commerce, economics, entrepreneurship, ethics, finance, general management, health care administration, international business, leadership, manufacturing and technology management, marketing, management information systems, not-for-profit management, production/operations management, organizational behavior, portfolio management, public policy, real estate, sui generis. Full-time tuition is $64,246 per year (in-state); full-time tuition is $68,444 per year (out-of-state); part-time tuition is $3,464 per credit (in-state); executive tuition is $194,000 total program. specialty master’s tuition is $75,108 total program (in-state); and specialty master’s tuition is $75,108 total program (out-of-state) (out-of-state). The full-time program graduates are employed in 71.70 percent of cases.

9. Yale University Business School:

Yale University is ranked ninth among the best business schools in the country. Schools are ranked based on their performance on a set of widely regarded excellence factors. Instead of traditional business case studies, graduate students in Yale’s integrated MBA program examine “raw” cases, which require them to assess a wide range of information such as stock charts and publications. Every student completes the Leadership Development Program and a global studies requirement, which usually entails traveling abroad. Electives are offered at the Yale School of Management in both years, either through the school or through other Yale departments, such as the highly renowned Yale Law School.

The Yale School of Management also provides an MBA for Executives, a weekend-based program with multiple concentrations, including asset management and health care. Other Yale School of Management projects includes the Yale Chief Executive Leadership Institute’s CEO College, an educational program for aspiring top executives. Doctoral programs in accounting, finance, marketing, and organizations and management, to name a few, are available.

10. Dartmouth College (Tuck) Business School:

In the Best Business Schools, Dartmouth College (Tuck) is ranked No. 10 (tie). Schools are ranked based on their performance on a set of widely regarded excellence factors. At Tuck, students apply what they learn in the classroom to solve business difficulties for actual organizations as consultants in the obligatory First-Year Project course. Elective courses allow business students to specialize in areas such as finance or strategy. At Dartmouth, students can achieve a concurrent degree by combining a medical degree from the Dartmouth Medical School with a master’s of public health from the Institute for Health Policy and Clinical Practice.

A dual degree can also be earned at another university. Students can earn a Dartmouth MBA plus a master’s degree in public administration (MBA/M.P.A.) from Harvard Kennedy School of Government or a master’s degree in environmental law and policy from Vermont Law School. There are no Ph.D. programs or part-time degree alternatives at Tuck. Its full-time tuition is $77,520 per year. The full-time program graduates are employed in 81.10 percent of cases.

11. New York University (Stern) Business School:

Accounting, arts administration, consulting, e-commerce, economics, entrepreneurship, finance, general management, health care administration, international business, leadership, manufacturing and technology management, marketing, management information systems, not-for-profit management, production/operations management, organizational behavior, and real estate are among the departments and concentrations offered by New York University’s Leonard N. Stern School of Business (Stern). Full-time tuition is $76,780 per year; part-time tuition is $2,375 per credit; executive tuition is $204,000; and speciality master’s tuition is $54,554.

79.10 percent of full-time program alumni are employed when they graduate. Before commencing school, MBA students at the Stern School of Business are divided into groups of roughly 60, and this grouping will influence their two years of the graduate school curriculum. A block of students takes core classes together, eats lunch together on Mondays, and even competes in the annual Block Olympics. There are over 40 student clubs to join, and the school’s location in New York City provides students with several work prospects. Students at Stern can choose to reside on campus or in downtown Manhattan.

Students searching for a break from campus might participate in one of the school’s week- or semester-long study abroad programs. Guillaume Jesel, a senior vice president for global marketing at MAC Cosmetics; Alan Ennis, former president and CEO of Revlon, Inc.; and John Demsey, group president of The Estée Lauder Companies, are among the Stern grads who have risen to the top of the beauty industry. Jack Abernethy, CEO of Fox Television Stations, and Farooq Kathwari, chairman, president, and CEO of Ethan Allen Interiors Inc., are two more famous Stern School of Business alumni.

The Stern School of Business at New York University is ranked No. 10 (tie) in Best Business Schools and No. 4 in Part-time MBA. Schools are ranked based on their performance on a set of widely regarded excellence factors.

12. Duke University (Fuqua) Business School:

The Fuqua School of Business at Duke University is placed No. 12 on the Best Business Schools list. Schools are ranked based on their performance on a set of widely regarded excellence factors. Accounting, consulting, economics, entrepreneurship, ethics, finance, general management, health care administration, leadership, marketing, not-for-profit management, production/operations management, organizational behavior, supply chain management/logistics, and supply chain management/logistics are among the departments and concentrations offered by Duke University’s Fuqua School of Business.

Quantitative analysis/statistics, operations research, and technology are also available. Full-time tuition is $70,000 per year; executive tuition is $149,500; and speciality master’s tuition is $69,800 per year. 84.80% of full-time program graduates are employed when they graduate.

13. University of Michigan, Ann Arbor (Ross) Business School:

The Ross School of Business at the University of Michigan emphasizes action-based learning, a philosophy that teaches students how to ask pertinent questions, discovers critical challenges, and becomes effective leaders. A full-time, part-time, global, or executive MBA is available to students. Part-time degrees can be completed in the evenings or on weekends, and EMBA classes only meet once a month. Master’s degrees in accounting, management, entrepreneurship, supply chain management, and a Ph.D. program are also available.

Stacey Stewart, the US president of United Way Worldwide, and Roger Frock, the former general manager of FedEx, are both Ross School of Business graduates. The University of Michigan-Ann Arbor (Ross) is ranked No. 13 in Best Business Schools (tie) and No. 6 in Part-time MBA. Schools are ranked based on their performance on a set of widely regarded excellence factors.

Accounting, consulting, economics, entrepreneurship, finance, general management, health care administration, human resources management, international business, leadership, manufacturing and technology management, marketing, production/operations management, organizational behavior, portfolio management, public policy, real estate, and supply chain management are among the departments and concentrations available at the Stephen M. Ross School of Business at the University of Michigan—Ann Arbor (Ross).

Full-time tuition is $66,048 per year (in-state); full-time tuition is $71,048 per year (out-of-state); part-time tuition is $64,109 per year (in-state); part-time tuition is $69,015 per year (out-of-state); executive tuition is $168,500 total program (in-state); executive tuition is $173,500 total program (out-of-state) (out-of-state). The full-time program graduates are employed in 79.50 percent of cases.

14. University of Virginia (Darden) Business School:

In the Best Business Schools, the University of Virginia (Darden) is ranked No. 13 (tie). Schools are ranked based on their performance on a set of widely regarded excellence factors. Former CEO of Dunkin’ Donuts John D. Shafer, Jr., former Chief Strategy Officer and Senior Vice President of Cisco Systems Inc. Ned Hooper, former Chief Strategy Officer and Senior Vice President of Cisco Systems Inc., and former Governor of South Carolina Mark Sanford are among the notable alumni.

Accounting, consulting, e-commerce, economics, entrepreneurship, ethics, finance, general management, international business, leadership, manufacturing, and technology management, marketing, not-for-profit management, production/operations management, organizational behavior, portfolio management, supply chain management/logistics, quantitative analysis/statistics are among the departments and concentrations available at the University of Virginia’s Darden School of Business.

Full-time tuition is $66,436 per year (in-state); full-time tuition is $68,754 per year (out-of-state); executive tuition is $136,030 per year (in-state); executive tuition is $136,030 per year (out-of-state); specialty master’s tuition is $59,600 per year (in-state); and specialty master’s tuition is $59,600 per year (out-of-state) (out-of-state). The full-time program graduates are employed in 83.90 percent of cases.

The case approach is used to teach students at the University of Virginia Darden Graduate School of Business Administration. First-year students work on cases in Learning Teams, which are made up of roughly six students. Executive MBA and Ph.D. degrees and a worldwide MBA for executives and executive education programs are all available at the Darden Graduate School of Business Administration.

15. Cornell University (Johnson) Business School Overview:

Cornell University’s Johnson School of Business is placed No. 15 on the Best Business Schools list. Schools are ranked based on their performance on a set of widely regarded excellence factors. Accounting, consulting, economics, entrepreneurship, ethics, finance, general management, health care administration, hotel administration, human resources management, international business, leadership, manufacturing and technology management, marketing, management information systems, and not-for-profit management are among the departments and concentrations offered by Cornell University’s Samuel Curtis Johnson Graduate School of Management (Johnson).

Production/operations management, organizational behavior, portfolio management, real estate, supply chain management/logistics, quantitative analysis/statistics, operations research, and technology are among the services they provide. Full-time tuition is $71,940 per year; executive tuition is $202,536 per year; and speciality master’s tuition is $58,586 per year. 84.60 percent of full-time program alumni are employed when they graduate.

Conclusion

This blog ranks the best business schools in the US. There are numerous aspects to consider while selecting a college or university to attend, whether it be an undergraduate business school or an MBA program. In addition to the obvious factors such as location and cost, you should think about the quality of each school’s programs as well as its employer’s reputation. We have educated you about the top business schools in the United States in this blog on the best business schools in the US. We’ve discussed the top business schools in the world for 2021 and the best undergraduate business schools, and we’ve finally ranked the best business schools in the US based on a variety of reputable rankings.

Frequently asked questions about the best business schools in the US

What is the minimum GPA for Harvard? 

With a 1580 SAT or a 35 ACT, you should aim for the 75th percentile to have the best chance of getting in. You should also have a GPA of at least 4.18. If your GPA is lower, you’ll need to make up for it with a higher SAT/ACT score.

Is it more difficult to get into business school these days? 

The truth is that MBA admissions difficulty varies widely by program, with MBA program acceptance rates at the top 25 business schools often much lower (varying from 10% to 30%) than those at mid-ranked schools (usually ranging from 35 to 50 percent).

What characteristics distinguish a strong MBA candidate? 

They seek people with various experiences and backgrounds to encourage vibrant, collaborative learning and strong cross-industry networks in the future. Finally, they want to protect their reputations in the future, so they look for people who have the qualities needed to flourish after an MBA.

Is Harvard a free university? 

Tuition at Harvard University is completely free. Harvard just announced that low-income undergraduate students from low-income households would be able to attend for free, with no tuition or student loans!

Why is a business degree of no use?

According to research, general business and marketing majors are more likely to be unemployed or underemployed, meaning they work in jobs that do not require a college diploma. They also earn less than those who pursue business majors that are more math-focused, such as finance and accounting.

Is it possible to get into an MBA program with a 2.5 GPA?

MBA admissions requirements vary, but students with a 2.5 GPA in their last 60 hours of undergraduate studies are encouraged to apply. MBA admissions counselors sometimes take into account other factors, so these aren’t hard-and-fast rules.

Does a good GPA help you get an MBA?

A good undergraduate grade point average is certainly a factor that admissions committees consider; however, GPA isn’t everything. It’s also crucial to have a high GMAT score and evidence of relevant work experience.

Is it worthwhile to attend business school?

Is Business School Worth It in the End? The answer is a resounding yes for many. An MBA’s time-tested, cross-functional, and leadership-focused curriculum goes beyond business trends to equip executives with the skills to move their companies forward.

Is a business major a good choice?

Yes, business administration is a good major because it ranks first among the most sought-after majors. A business administration major can also prepare you for a variety of high-paying jobs with above-average growth potential (U.S. Bureau of Labor Statistics).

Is there a business major at Harvard?

Students pursuing a degree in business administration study at the Graduate School of Arts and Sciences, where they collaborate with faculty from both the Faculty of Arts and Sciences and Harvard Business School (HBS). Since 1916, GSAS and HBS have collaborated to offer PhD programs.