USA Best Colleges for Business in 2023

Searching for the best colleges for business in 2023?

Would you like to study business in the United States? With 43 US entries in QS’s latest ranking of the world’s top 200 universities for business and management, the country has no shortage of top business schools in the world to choose from. In a world where everyone wants to be an entrepreneur, getting the proper education is essential if you want to be successful in life. However, unless you go to a good school where your professors are genuinely interested in teaching you, this is a little more difficult.

Top-tier entrepreneurship programs typically concentrate on the fundamentals, teaching students everything from budgeting to leadership. However, in these volatile times, schools are also serving as a point of contact for their burgeoning entrepreneurial communities, providing information on lending programs and workplace safety, hosting virtual town halls, setting up emergency funds for students, and assisting their students in supporting the communities in which they live.


This article gives insight into questions like ‘what are the best undergraduate business schools?’ ‘what college has the best business program?’ ‘what is the best business university in the USA?’. We considered not only the school’s curriculum but also its graduates’ success rates in the business world, the number of mentors available to students, and other factors. Keep reading for an overview of the best colleges for business in the United States and to find out which schools made the cut.

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Best Colleges for Business

Studying Business in the US

It’s crucial to understand three things if you want to study business in the US: tuition costs are among the highest, financial help and scholarships are available, and instruction is of the greatest caliber. Approximately 1.1 million foreign students currently reside in the US, making it the most well-liked country in the world to study abroad. And that makes sense. In terms of academic quality, complete degrees, and assistance for students, US institutions are among the best in the world.

The best business colleges in the US will be covered in more detail in this post.

Best Colleges for Business in the USA

1. UNC Kenan-Flagler’s top-ranked online MBA

For experienced professionals with strong undergraduate performance, UNC Kenan-#1-ranked Flagler’s online MBA is an excellent choice. You can complete your degree at your own pace (in 18 to 36 months) while maintaining academic quality and rigor. With an AACSB-accredited online MBA from UNC-Chapel Hill, you can gain lifelong career benefits and join a global community of over 42,000 alumni. There are GMAT waivers available for experienced professionals. This is among the top business schools in the world as they offer the best undergraduate business programs.

Deadline for applications – The 25th of October

Enrollment – 847

Requirements for the GMAT – Flexible

Rate of retention – 96%

2. Syracuse University‘s Online MBA

Without taking the GMAT, you can get a world-class MBA online from Syracuse University’s AACSB-accredited Martin J. Whitman School of Management. The curriculum is rigorous, with six career-focused specializations. 59% of graduates report receiving a raise or promotion after graduation. This is one of the best undergraduate business schools in the world and will be among the best undergraduate business schools in 2023.

Deadline for applications – The 24th of September

Enrollment – 1,036

The GMAT is required – No

Rate of retention – 90%

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3. Northwestern University, Evanston (Kellogg)

Most applicants to Northwestern University’s Kellogg School of Management do not need a GMAT or Executive Assessment score, but a GMAT score is required if you do not have a bachelor’s degree. The average Kellogg EMBA student has a 3.6 undergraduate GPA and a GMAT score of 732. Students with an average of 14 years of work experience enter the EMBA program. 

TOEFL scores are not required for international applicants, but all applicants must submit two letters of recommendation to be considered for admission. Each year, there are four application rounds, two for each cohort start date. Each year, cohorts begin in January and September. Kellogg’s EMBA program graduated 116 students in 2023. This is among the top business schools in the world as they offer the best undergraduate business programs.

Number of years of work experience on average – 14

Requirements for the GMAT – Flexible

4. Yale University, New Haven Connecticut

To be considered for admission, Yale University’s School of Management requires EMBA applicants to submit a GMAT, GRE, or Executive Assessment score. The average Yale EMBA student has a 3.69 undergraduate GPA and a GMAT score of 730. Before beginning the program, Yale EMBA students have an average of 14 years of work experience and a starting salary of $133,250. In November, January, and March, there are three application rounds. 

To be considered for admission, international students do not need to submit TOEFL scores. In 2023, 72 students will have graduated from Yale’s EMBA program. This is one of the best undergraduate business schools in the world and among the best undergraduate business schools in 2023.

Number of years of work experience on average – 14

Requirements for the GMAT – Flexible

5. Massachusetts Institute of Technology (Sloan), Cambridge

The Massachusetts Institute of Technology (Sloan) does not require any testing for its EMBA applicants, but the school recommends taking the GMAT “if you feel your school transcripts do not adequately represent your academic abilities.” The average Sloan EMBA student has a 3.48 GPA, a GMAT score of 730, and 17 years of work experience. To apply, applicants must have at least 10 years of relevant post-undergraduate work experience. 

TOEFL scores are not required for international students to submit with their applications. The class of 2024’s deadlines have not yet been announced. This is among the top business schools in the world as they offer the best undergraduate business programs.

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Number of years of work experience on average – 17

Requirements for the GMAT – Flexible

6. Penn State University (Wharton), Philadelphia

The University of Pennsylvania (Wharton) requires GMAT or GRE scores for EMBA applicants, but the program will also accept Executive Assessment scores from applicants with at least 8 years of full-time work experience. Wharton EMBA students typically have a GMAT score of 640 to 740 and 12 years of work experience. Before enrolling in the program, students earn a median base salary of $221,000 per year. Every year, there are two admissions rounds: one in December and one in February. 

Wharton’s two EMBA programs in Philadelphia and San Francisco currently have 236 students enrolled. To apply, two letters of recommendation are required. This is one of the best undergraduate business schools in the world and among the best undergraduate business schools in 2023.

Number of years of work experience on average – 12

Requirements for the GMAT – Yes

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7. The University of Chicago, Illinois (Booth)

The University of Chicago (Booth) requires applicants to submit a score from one of three entrance exams: the Executive Assessment, the GMAT, or the GRE. The typical incoming EMBA student has a GMAT score of 681 and over 13 years of work experience. Typically, Booth students have more than seven years of management experience. The EMBA program at the school currently has 479 students enrolled. 

To be considered for admission, prospective students must apply during one of five rounds each year and submit two letters of recommendation. The application and in-person interviews are used to determine international students’ English proficiency. This is among the top business schools in the world as they offer the best undergraduate business programs.

Number of years of work experience on average – 13.2

Requirements for the GMAT – Yes

8. Rice Business School‘s Online MBA

The online MBA program at Rice Business prepares students to apply both traditional and cutting-edge business principles to current real-world challenges. Students improve their technical and leadership abilities by taking electives in finance, marketing, entrepreneurship, strategy, and operations. Rice Business, which is located in Houston, Texas, an energy industry hub, also offers specialized electives in the energy field. GMAT/GRE waivers are available. This is one of the best undergraduate business schools in the world and among the best undergraduate business schools in 2023.

Deadline for applications – 3rd of December

Enrollment – 387

Rate of retention – 99%

GMAT Requirement – No

9. Columbia University, New York City

Columbia University accepts Executive Assessment, GMAT, or GRE scores as part of an EMBA program application. Before enrolling, EMBA students at Columbia have a 3.5 undergraduate GPA, a 724 GMAT score, nine years of work experience, and a $130,500 median base salary. Columbia currently has 525 students enrolled in its EMBA programs, which are offered on Friday/Saturday and only on Saturday. 

One letter of recommendation is required for applications, and international students are not required to submit a TOEFL score to be considered for admission. To graduate, Columbia EMBA students must complete 60 credits. This is among the top business schools in the world as they offer the best undergraduate business programs.

Number of years of work experience on average – 9

Requirements for the GMAT – Flexible

10. New York University (Stern)

All EMBA applicants at New York University (Stern) are test-optional, and international students are not required to submit a TOEFL score. Incoming Stern EMBA students have a 3.2 undergraduate GPA and a 714 GMAT score on average. Candidates for the Stern EMBA program typically have 12 years of work experience, with seven years in management. There are currently 249 EMBA students enrolled in the program. 

Each year, there are two application deadlines, and prospective students are required to submit two letters of recommendation to be considered for admission. Before starting at Stern, the average student earned a median base salary of $130,000. To graduate, students must complete 60 credits. This is one of the best undergraduate business schools in the world and among the best undergraduate business schools in 2023.

Number of years of work experience on average – 12

Requirements for the GMAT – No

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11. The University of Michigan, Ann Arbor (Ross)

The University of Michigan–Ann Arbor (Ross) does not require GMAT scores from applicants. An average incoming Ross EMBA student has a 3.3 undergraduate GPA, a GMAT score of 653, and 15 years of work experience. Although international students are not required to submit a TOEFL score, they may be required to demonstrate English fluency by taking the TOEFL or PTE exam. 

Ross’s EMBA program, which currently has 124 students enrolled, has four application rounds. To be considered for the program, prospective students must submit one GMAC Common Recommendation Form. This is among the top business schools in the world as they offer the best undergraduate business programs.

Number of years of work experience on average – 15

Requirements for the GMAT – Flexible

12. The University of California, Los Angeles (Anderson)

EMBA applicants at the University of California–Los Angeles (Anderson) have the option of submitting their GMAT or GRE scores. The average incoming Anderson EMBA student has a 3.4 undergraduate GPA and a GMAT score of 680. Students have an average of 14 years of work experience before the program, with nine years spent in management. Every year, Anderson accepts applications in three rounds. 

Applicants must provide the contact information for two recommenders who will be able to complete an online recommendation form. It takes 22 months to complete the program. This is one of the best undergraduate business schools in California. 

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Number of years of work experience on average – 14

Requirements for the GMAT – Flexible

13. University of California, Berkeley (Haas)

To be considered for admission to the University of California–Berkeley (Haas), applicants must submit an official GMAT, GRE, or EA score. A typical Haas EMBA student has a 3.5 undergraduate GPA, a GMAT score of 700, and 12 years of work experience. There are three application deadlines each year in December, February, and April, and about 70 students enrol each year. 

The average starting salary for Haas EMBA students is $169,000 per year. International applicants are not required to take the TOEFL, but it can be used as proof of English proficiency. It takes 19 months to complete the program. This is one of the best undergraduate business schools in California.

Number of years of work experience on average – 12

Requirements for the GMAT – Flexible

14. Pepperdine University‘s Online MBA

The online MBA from Pepperdine University’s Graziadio Business School combines education in strategy, technology, and values-driven leadership to equip students to drive meaningful change both inside and outside of the business world. The curriculum, which focuses on the intersection of business and technology, includes six concentrations that encourage students to think across disciplines. Join the 40,000+ professional Pepperdine alumni network. There is no need to take the GMAT to apply. This is one of the best colleges for business in the world and among the top business schools in U.S. undergrad.

Deadline for applications – 5th of November

Enrollment – 439

Rate of retention – 99%

15. Cornell University (Johnson) Ithaca, NY

Cornell University (Johnson) does not require EMBA applicants to submit a GMAT, GRE, or EA score, but if you have taken any of the exams, the results will be accepted. Johnson offers three EMBA programs: Executive MBA Americas, Executive MBA Metro NY, and Executive MBA/MS in Healthcare Leadership, with completion times ranging from 17 to 22 months. 

An average incoming Johnson EMBA student has a 3.36 undergraduate GPA and 700 GMAT score with 12 years of work experience and seven years in management. Each year, there are four application rounds for the program, which currently has 170 students enrolled. This is one of the best colleges for business in the world and among the top business schools in U.S. undergrad.

Number of years of work experience on average – 13

Requirements for the GMAT – Flexible

16. University of Virginia (Darden) Charlottesville, VA

Applicants to the University of Virginia (Darden) EMBA program must take the GMAT, GRE, MCAT, LSAT, or Executive Assessment. Waivers for tests are available. The typical Darden EMBA student has a 3.5 undergraduate GPA and a GMAT score of 718. An EMBA student typically has 12 years of work experience and a starting salary of $163,200 prior to enrolling in the program.


Application deadlines for the cohort beginning in August 2023 are on the 10th of each month, beginning in August 2022 and ending in April 2023. The EMBA program has a capacity of 135 students, and each enrolled class is divided into two sections of approximately 65 to 70 students.

Number of years of work experience on average – 12

Requirements for the GMAT – Flexible

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17. Duke University (Fuqua) Durham, NC

To apply to Duke University’s (Fuqua) EMBA program, applicants must submit a GMAT, GRE, or EA score, though test waivers are available in some cases. With 11 years of work experience, the average incoming student has a 3.42 undergraduate GPA and a GMAT score of 695. Fuqua admits students in eight rounds per year, and its class of 2023 includes 187 students. International applicants are not required to submit TOEFL scores. 

Every prospective student is required to submit one letter of recommendation.EMBA students complete the program in 22 months. An average Fuqua student earns $122,000 before the program and $147,000 after it. This is one of the best colleges for business in the world and among the top business schools in U.S. undergrad.

Number of years of work experience on average – 11

Requirements for the GMAT – Flexible

18. University of Washington (Foster) Seattle, WA

If an applicant has an accredited undergraduate degree, the University of Washington (Foster) does not require them to submit a GMAT score, but they may submit scores that are less than five years old. Foster’s average incoming EMBA student has a 3.4 undergraduate GPA and a GMAT score of 693. Candidates average 16 years of work experience, with 11 years of leadership experience, when they come to Foster.

Admission to the program is granted in three rounds, in December, February, and April. Currently, Foster has 77 EMBA students enrolled. To be considered for admission, EMBA candidates at Foster must submit three recommendation letters. This is among the top business schools in the world as they offer the best undergraduate business programs.

Number of years of work experience on average – 16

Requirements for the GMAT – Flexible

19. University of North Carolina, Chapel Hill (Kenan-Flagler)

The University of North Carolina–Chapel Hill (Kenan-Flagler) no longer requires GMAT or GRE scores from applicants. Applicants with five years of experience or more are exempt from the testing requirement. The average incoming EMBA student at Kenan-Flagler has a 3.4 undergraduate GPA, a 700 GMAT score, and 13 years of work experience. The school accepts applications for its EMBA program in four rounds, in April, July, October, and December, and the program is available both in the evenings and on weekends. 

Applicants must submit two recommendation forms to be considered for admission. This is one of the best undergraduate business schools in the world and among the best undergraduate business schools in 2023.

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The average number of years of work experience – 13

GMAT Requirement – Flexible

20. University of Texas, Austin (McCombs)

The University of Texas—Austin (McCombs) accepts GMAT, GRE, or Executive Assessment scores, as well as a test waiver petition. An average incoming student at McCombs’ EMBA program has a 3.28 undergraduate GPA, a 627 GMAT score, and 15 years of work experience. The school currently enrols 84 EMBA students and accepted 54% of applicants in 2020. Prospective students must submit one letter of recommendation in order to be considered for admission, but international applicants do not need to submit TOEFL scores. 

Applications must be submitted by June 15, 2023, and the program requires 42 credits to graduate. This is one of the best undergraduate business schools in the world and among the best undergraduate business schools in 2023.

The average number of years of work experience – 15

GMAT Requirement – No

21. The University of Minnesota, Twin Cities (Carlson)

Most candidates are exempt from the testing requirement at the University of Minnesota–Twin Cities (Carlson). The average incoming EMBA student at Carlson has a 3.28 undergraduate GPA, 690 GMAT score, and more than 14 years of work experience, with more than 10 in management. In 2020, Carlson accepted 76% of applicants to its EMBA program. The program currently has 75 students enrolled. Three references, including one from a current supervisor, are needed to be considered for admission. 

The average Carlson EMBA student earns a median base salary of $102,000 prior to enrollment. Applications are due July 15, 2023, and students need 49.5 credits to graduate. This is one of the best undergraduate business schools in the world and among the best undergraduate business schools in 2023.

The average number of years of work experience – 14.67

GMAT Requirement – No

22. Georgetown University (McDonough) Washington, DC

Georgetown University (McDonough) does not require applicants to submit GMAT, GRE, or Executive Assessment test scores, but they may be requested if desired. McDonough’s average incoming EMBA student has a 3.3 undergraduate GPA, a 690 GMAT score, and 14 years of work experience. The application deadlines for the program, which begins in the fall of 2023, are on the 15th of each month beginning September 15, 2022, and ending June 15, 2023. 

McDonough’s EMBA classes have an average size of 57 students. TOEFL scores are not required for international students as part of their application. This is one of the best undergraduate business schools in the world and will be among the best undergraduate business schools in 2023.

The average number of years of work experience – 14

GMAT Requirement – No

23. University of Southern California (Marshall), Los Angeles

The University of Southern California (Marshall) does not require prospective students to submit GMAT scores as part of their EMBA application. With 14 years of work experience, the average incoming Marshall EMBA student has a 3.23 undergraduate GPA and a GMAT score of 629. It has 70 students enrolled for the fall 2020 semester. The application deadlines for Marshall’s upcoming EMBA class have not yet been announced.

Prospective students need one letter of recommendation to apply to the EMBA program. Unless they meet the English-Language Waiver requirements, most international applicants must submit a TOEFL or IELTS score. This is one of the best undergraduate business schools in California.

The average number of years of work experience – 14

GMAT Requirement – No

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24. The University of Maryland, College Park (Smith)

The University of Maryland does not require a GMAT score, but applicants “must be able to demonstrate an ability to complete quantitative course work.” The average incoming EMBA student at Smith has a 3.28 undergraduate GPA, a 600 GMAT score, and 16 years of work experience, 12 of which is in management. Before enrolling, Smith EMBA students have a median base salary of $132,000. The program accepted 80% of applicants in 2020 and currently has 40 students enrolled.


To be considered for admission, international students must have a TOEFL score of at least 88. This is one of the best undergraduate business schools in the world and will be among the best undergraduate business schools in 2022.

GMAT Requirement – No

FAQs

What is the #1 business school in America?

UNC Kenan-Flagler’s top-ranked online MBA

What is the best college to major in business?

Harvard University.
Stanford University.
The University of Pennsylvania.
Massachusetts Institute of Technology (MIT)
The University of California, Berkeley (UCB)
Yale University.
The University of California, Los Angeles (UCLA)
New York University (NYU)

What is the hardest business school to get into?

Top schools include Stanford, Harvard, and MIT Sloan. It should come as no surprise that Stanford tops the list of the most competitive business schools. Only 6.9% of candidates get accepted to the MBA program at Stanford Graduate School of Business, according to a June 2020 TopMBA study.

Is going to business school worth it?

You may advance your job more by attending business school, whether it’s through wage increases or promotions. The average advertised compensation for positions in business, management, and financial operations in 2019 are, for instance, $73.1K for bachelor’s degrees and $100.2K for MBAs.

What is the most competitive business school?

Stanford Graduate School of BusinessWith an admittance rate of 6.9%, Stanford Graduate School of Business tops the list of tough schools, surpassing its Ivy League competitors.

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