A profession of business starts with searching for the best MBA program that meets your requirements. The US News rankings of the top business schools will narrow your hunt of best business schools by location, education, school capacity, and test records. Check the methodology.
The following are the list of 2020 top best schools of business in the US.
Stanford University is placed No. 1 in Best Business Schools. Schools are rated according to their achievement and excellence.
It is not a piece of cake to get into Stanford than any other business school in the USA. The school has only a 6% acceptance rate which is the lowest in the world. Each student is required to go outside the country, either on short trips with other students or not allowed to stay during the summer. Twenty percent of Stanford students get joint or dual degrees with other schools, such as the law and medical schools. A Stanford degree pays the median base salary for 2018 grads was $142,000 which is the highest in the world.
University of Pennsylvania (Wharton)
University of Pennsylvania (Wharton) is also ranked No. 1 with Stanford University in Best Business Schools.
The Wharton School at the University of Pennsylvania was the first business school in the US and now has the most widespread alumni network in the country.
It was established in 1881, Wharton is the oldest US business school and second-largest after Harvard. Students at Wharton may pick from 19 majors and almost 200 electives. Wharton allows dual-degree programs with seven other schools at Penn, and joint programs with Johns Hopkins’ School of Advanced International Studies and Harvard’s Kennedy School. In October 2018, Wharton increased the number of its enormous fundraising campaign to $1 billion. The money gathered will give to core capital projects, such as the construction of a new building that will house the Wharton Statistics Department, and support recruit and retain faculty and fund investments in research and education programs.
Northwestern University (Kellogg)
Northwestern University (Kellogg) is listed No. 3 (tie) in Best Business Schools and placed in No. 3 in Part-time MBA.
The Northwestern University Kellogg offers a large-scale of global education opportunities, including 37 exchange programs over 20 countries. Second-year students are obliged to complete a half-credit course, Leadership, and Crisis Management. More than 500 companies employ Kellogg pass outs.
University of Chicago (Booth)
University of Chicago (Booth) is also placed No. 3 in Best Business Schools with Northwestern University (Kellogg) and stands in No. 1 in Part-time MBA. These rankings are done according to their performance and excellence.
The Booth School of Business at University of Chicago (Booth) allows these departments and concentrations: 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. Its fee is full-time: $72,000 per year; part-time: $7,200 per credit; and executive: $194,000 total program. At graduation, 87.20 percent of graduates of the full-time program are hired.
Sloan School of Management
Massachusetts Institute of Technology (Sloan) is listed No. 5 in Best Business Schools.
Sloan first-year students take part in Career Core to explore their personal strengths, concerns, and values in order to determine their path. 85% of students go on to switch their career trajectory. Students can decide to specialize in one of three courses: entrepreneurship and innovation, finance, or enterprise management. The university hosts three entrepreneurship contests—the Pitch, Accelerate and Launch Contests—that give over $350,000 in prize money every year. The school’s E-Lab is a course that puts students on projects with local tech startups for 1 or 2 days a week. The Black-Scholes model used to value options originated at Sloan.
Harvard University is placed No. 6 in Best Business Schools. Schools are listed according to their achievement and worth.
Harvard is one of the most prestigious business schools in the world, founded in 1908. Harvard concentrates on the case method in the classroom and students all across the world study cases written by Harvard faculty. HBS allows dual degrees with several Harvard schools, including the law school, medical school, and Kennedy School of Government. The list of Harvard alums carries some of the most influential people in America such as Jamie Dimon, CEO of JPMorgan Chase; Michael Bloomberg, billionaire former mayor of New York City; George W.Bush, former U.S. president; Robert Kraft, owner of the New England Patriots; and Sheryl Sandberg, Facebook COO.
University of California–Berkeley (Haas)
University of California–Berkeley (Haas) is listed in No. 7 in Best Business Schools and ranked No. 2 in Part-time MBA.
Ann Harrison became the dean of Haas in January 2019 after teaching at the Wharton School. She earlier worked as a professor of Berkeley’s Department of Agricultural and Resource Economics and obtained her bachelor’s degree from the school with a double major in economics and history. Haas’ curriculum incorporates four major principles: “confidence without attitude,” “beyond yourself,” “question the status quo” and “students always.” An Applied Innovation elective is required of all students and includes working on team projects that range from corporate innovation initiatives with major firms to global consulting work. Students are supported to take benefit of semester overseas opportunities, plan study tours to other countries, and work as consultants through the International Business Development program. In 2017, alum Kevin Chou, founder of Esports company Gen. G, and his wife Connie made a $25 million donation to the school, the highest from anyone under the age of 40, and in exchange had their new 6-story laboratory named after them. Haas has one of the most distinct U.S. programs with 43% women and 39 countries served in the Class of 2020
Columbia University is placed No. 8 in Best Business Schools. according to their performance.
Columbia Business School is one of the biggest in the world. Costis Maglaras was elected its 16th Dean in July 2019. Maglaras, who has his BS, MS, and Ph.D. in electrical engineering, first associated CBS as a faculty member in 1998, was Chair of the Decision, Risk, and Operations Division and member of the Executive Committee of Columbia University’s Data Science Institute. He is charged with the launch of Columbia’s Master of Science in Business Analytics, a joint program made by CBS and Columbia Engineering. In 2022, CBS
will shift to its campus from its current location on the Morningside campus to the Henry R. Kravis Building and the Ronald O. Perelman Center for Business Innovation on the Manhattanville campus. Almost half the entering class comes from the financial services and consulting industries and upon graduation, 65% of the 2018 class arrived in those functions.
Yale University is listed No. 9 in Best Business Schools according to their performance.
Economist Kerwin Charles of the University of Chicago became the Indra K. Nooyi Dean of the Yale School of Management on July 1, 2019. Yale formed the “raw” case method, a pedagogy method that replicates the process people obtain information in the real world. Instead of a 10-page story with a single conclusion point, students are offered with comprehensive data, often more than is required, about a real situation accessed on a web-based platform. Students must then work together to sift through to create their report. Yale supports students to enter the charitable and public sectors. The school’s Internship Fund gives allowances to students who pay their summer interning in the public or charitable sectors and its Loan Forgiveness program helps alumni in nonprofit sectors. The alumni giving rate at Yale SOM is amongst the most leading in the country at approximately 50%.
New York University (Stern)
New York University (Stern) is placed No. 10 in Best Business Schools and ranked No. 4 in Part-time MBA.
New York University (Stern) is established in the center of New York City, Stern capitalizes on its place in one of the financial and entertainment hubs of the world. Roughly three-quarters of graduates got finance or consulting jobs last year. It supports entrepreneurship through three venture competitions that give a combined $200,000 in prize money. It also gives a one-to-two week intensive course named “Doing Business In,” which provides students the chance to get international exposure with guest speakers, corporate visits, and cultural excursions.
Another course: The Craft & Commerce of Cinema, involves a week-long tour to the Cannes Film Festival in France.
These are the list of top 10 business schools in the USA 2020. We hope it will help you in your search for finding the best business school. If you find this article useful for you then encourage us from your valuable feedback in the comment section.