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2014 Top MBA Programs – Ranking & Total Cost

Top MBA Programs Ranking2014 has been the most volatile year for Business Schools and Full-time MBA Ranking. US News gave #1 rank to Harvard, Stanford, and Wharton; Financial Times ranked Harvard in the top position, The Economist rewarded Chicago Booth, and Businessweek interestingly chose Duke Fuqua School of Business. To make it easier for you to analyze top MBA programs, we have created an aggregate ranking list for top MBA programs.

Since US News only ranks US-based Business Schools, we have excluded the data. Businessweek has a separate ranking list for US and Non-US Schools, but their Full-time MBA ranking has combined the two, and this has resulted in many tied positions. We have used ranking data from Businessweek, The Economist, and The Financial Times for ranking Top MBA programs.

Interesting Observations

Only six schools - Chicago Booth, Stanford, Harvard, IESE, Wharton, and Columbia, have featured in the Top 10 ranking in all the three ranking publications. Duke Fuqua full-time MBA program - Businessweek’s #1 MBA program, fairs in the top 25 ranking in The Economist, and Financial Times Global MBA ranking list. Ivey School of Business, another Businessweek #1 program, ranks at the #89 position in Financial times but is not featured in the Economist MBA ranking.

Who has impressed us?

IESE and Chicago Booth have impressed us the most. Their consistent performance in all the three ranking publications shows the value that the program offers, considering the diverse ranking methodology that the three publications have used. It is easy to assume that top MBA programs will remain in that position. Among the big players, only Harvard and Stanford have remained in the top 10 position in all the three publications, and we cannot discard their staying power. But if we compare the acceptance rate of Harvard, Stanford, Booth and IESE, the latter two gives MBA aspirants a better chance to experience a top quality MBA program.

IESE also ranks #1 in F1GMAT’s Top European MBA programs based on Actual Increase in Salary – an index where we have considered % increase in salary with the base salary, instead of looking only at % increase in salary, which can be manipulated with the geographic spread of the MBAs.

The program that we would like to watch closely is the ESMT Full-time MBA in Germany, which has debuted at #3 in the latest Businessweek MBA ranking. The program is featured at #89 in the Financial Times, but made an impressive #26th position in The Economist Global MBA ranking. Next year’s placement data will reveal the staying power of ESMT, Berlin.

If you look at the Top Full-time MBA programs in the list, US based schools dominate the top 25 ranking with schools from Spain (IESE, IE and ESADE) taking the 2nd position, and the schools in France(Insead and HEC Paris) featuring at #3.

Aggregate Ranking: Methodology

It is unfair to rule out programs if it is not featured in one ranking publication, despite doing well in the other two publications. To set up a realistic ranking, we have ranked the ‘not featured’ school at 101 since the ranking considers Top 100 Full-time MBA programs. One good example is that of Rotman School of Management. The Rotman MBA is ranked #11 for Businessweek, and #51 in the Financial times, but it is not featured in The Economist. With the 101 ranking, the aggregate ranking for the school is #48 – a more realistic representation of its position in the MBA landscape.

Top 10 MBA Programs – Total Cost


We have explained how to calculate Return on Investment by using Net Present Value in our MBA Research Guide. Cost alone should not be a factor but set realistic expectation based on the funding opportunities. If your chance to get a scholarship is low, the value of the MBA program can go down drastically. We have used a common opportunity cost - $165700 for two-year MBA programs and $77000 for 1-year MBA programs. For international students, the opportunity cost will vary according to the industry and location.

An MBA, even from a top Business School will give you a positive return only after 3 years. For those who want to get a sense of the debt that you would be incurring immediately after an MBA, we have ranked Top 10 MBA programs by Cost that includes a column – Debt in $, which takes into consideration the cost, median post-MBA salary, and opportunity cost.

Reference: F1GMAT MBA Research Guide, Businessweek MBA Ranking, FT MBA Ranking, The Economist MBA Ranking, US News MBA Ranking

RankBusiness SchoolCost ($)Salary ($)Opp Cost($)Debt in $ (Post-MBA)
1University of Chicago: Booth189866115000165700240566
2Stanford Graduate School of Business206870125000165700247570
3Harvard Business School190000120000165700235700
4University of Pennsylvania: Wharton195084125000165700235784
5Columbia Business School192936110000165700248636
6Iese Business School70726143168770004558
7London Business School17787515655396250117572
8Insead110208148183165700127725
9MIT Sloan192028120000165700237728
10Yale171750110000165700227450
11Northwestern University: Kellogg177614110000165700233314
12Dartmouth College: Tuck187100116000165700236800
13University of California at Berkeley: Haas160431111000165700215131
14HEC Paris935101200167700050494
15IMD893001215007700044800
RankBusiness SchoolBusinessweekThe EconomistFinancial Times
1University of Chicago: Booth319
2Stanford Graduate School of Business492
3Harvard Business School861
4University of Pennsylvania: Wharton2114
5Columbia Business School5105
6Iese Business School857
7London Business School4153
8Insead5185
9MIT Sloan14128
10Yale61910
11Northwestern University: Kellogg71415
12Dartmouth College: Tuck15220
13University of California at Berkeley: Haas19711
14HEC Paris12421
15IMD92112
16Duke University: Fuqua12517
17New York University: Stern22817
18UCLA: Anderson111326
19University of Virginia: Darden20327
20IE Business School23613
21University of Michigan: Ross92023
22Cornell University: Johnson132327
23Esade Business School192422
24Carnegie Mellon: Tepper102234
25University of Cambridge: Judge65216
26Emory University: Goizueta181741
27University of North Carolina: Kenan-Flagler123533
28SDA Bocconi143931
29Rice University: Jones253335
30University of Texas at Austin: McCombs233239
31Indiana University: Kelley163147
32University of Oxford: Said76923
33Georgetown University: McDonough244236
34Hong Kong UST Business School186229
35Cranfield School of Management135346
36Ceibs178417
37Vanderbilt University: Owen302959
38University of Maryland: Smith175150
39Rotterdam School of Management, Erasmus University256039
40University of Washington: Foster373058
41Melbourne Business School274068
42Washington University: Olin264764
43National University of Singapore Business School229532
44University of Southern California: Marshall216465
45University of Rochester: Simon385855
46Warwick Business School1013725
47Pennsylvania State University: Smeal406162
48Rotman School of Management1110151
49Manchester Business School2610143
50Imperial College Business School2310149

Top 31 MBA Programs + Analysis of 24 Industries (United States)


We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).


Pages: 327

Reviews

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

Download How to Choose the Best MBA in US: The Ultimate Guide
(2018 Entering Class)

Top 31 MBA Programs + Analysis of 24 Industries (United States)


We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).


Pages: 327

Reviews

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

Download How to Choose the Best MBA in US: The Ultimate Guide
(2018 Entering Class)

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