Top 10 best business schools in America

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The University of Chicago Booth School of Business topped the ranking of the best business schools in America for the second time in a row.

US News on April 24 announced the ranking of the best business schools in the US, the school year 2023-2024. These are schools that offer full-time Master of Business Administration (MBA) programs.

Behind Booth Business School is Northwestern University's Kellogg School of Management, climbing from number three last year. In fourth and fifth place are the MIT Sloan School of Management and the Harvard Business School, respectively.

Dartmouth's Tuck School of Business and Stanford Graduate School of Business are both in sixth place. Tuck Business School has jumped from last year's 11th place.

Except for this school, the remaining 6 top schools are in the M7 group of 7 business schools that American students most desire.

Here are the top 10 best business schools in America:

Rating

School's name

Student ID

Acceptance rate 2022 (%)

Tuition fees 2022 - 2023 (USD)

1

Booth School of Business (University of Chicago)

1.281

30,1

79.188
2

Kellogg School of Management (Northwestern University)

1.423

31,4

80.006
3

Wharton School of Business (University of Pennsylvania)

1.788

22,8

84.874
4

MIT Sloan School of Management (MIT Institute of Technology)

858

14,8

82.996
5

Harvard Business School (Harvard University)

2.025

14,4

81.374
6

Stanford Graduate School of Business (Stanford University)

862

8,6

77.850
7

Tuck School of Business (Dartmouth College)

592

33,4

81.514
8

Yale School of Management (Yale University)

784

27,6

79.500
9

Ross School of Business (University of Michigan - Ann Arbor)

754

28,1

73.528
10

Stern School of Business (New York University)

678

27,1

82.326
Tuition fees in the top 10 MBA programs are mostly around the $80,000 mark (VND 1.87 billion) per year. In which, the Wharton Business School of the University of Pennsylvania earned the highest with more than 84,800 USD (nearly 2 billion VND), the lowest was the Ross Business School of the University of Michigan - Ann Arbor with about 73,500 USD (1.72 billion VND). each year.

In terms of application acceptance rates, the top 10 schools vary significantly, ranging from 8.4 to 33.4%. Tuck Business School has the highest acceptance rate, followed by Kellogg School of Management and Booth Business School - both above 30%. Have an acceptance rate of at least Stanford Graduate School of Business.

A building on the campus of Booth Business School, University of Chicago. Photo: Uchicago

This year, US News surveyed 496 schools and ranked 149 eligible schools, according to eight criteria. On its website, the organization said the ranking method has changed, emphasizing the measure of results rather than reputation.

Specifically, student success criteria with employment and salary and bonus indicators account for 50% (previously 35%) in the overall ranking of each school. Meanwhile, assessment of quality, which includes both peer-reviewed (schools in the same field) and employer's scores, accounted for only 25% of the score, up from 40% last year.

The remaining 25% of the score is based on the student's ability, including GMAT/GRE standardized test scores, overall GPA, and acceptance rate.