What is Georgetown University's Ranking

Ranking of U.S. News: Stanford defends 1st place

Pixabay David Mark

U.S. News In its new ranking, Stanford has once again been chosen as the business school with the best full-time MBA. Wharton is in second place, followed by Chicago and Kellogg, as well as Harvard and MIT, both in fifth place. The ranking only evaluates US programs.

Stanford, Wharton, Chicago, Kellogg as well as Harvard and MIT together in 5th place. These are the top 5 in the news magazine's new ranking U.S. News, which is considered one of the top MBA leaderboards in the United States.

Since 1990, Harvard Business School has taken first place 17 times. Last year, she achieved her worst ranking so far with rank 6. She can move up one place again this year. Arch-rival Stanford Graduate School of Business is defending its top spot, which it had to share with Wharton School in 2020.

7th place (6th place is not due to the double placement in 5th place) is shared by the Columbia Business School and the Haas School of Business at the University of Berkeley. The Yale School of Management ranks 9th, followed by the Tuck School at Dartmouth College together with the Stern School of Business at New York University in 10th place.

While in the rankings from Economist and the Financial Times This time some of the top schools that refused to participate due to the data influenced by the corona pandemic were missing in the ranking of U.S. News represent all major schools. Only two of the top schools - Wharton and MIT - refused to provide new data for the ranking, such as the MBA portal Poets & Quants reports and sees this as proof of the market power of U.S. News Ranking list. Instead of the lack of current data, the US magazine simply used the admission and employment rate data from the previous year to make the ranking as useful as possible for potential students - a questionable strategy.

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Among the top 25 to improve their position are the McDonough School of Business at Georgetown University, which climbed four spots to 21st. The Tepper School of Business at Carnegie Mellon University won three places and, together with the Johnson Graduate School of Management at Cornell University, came 16th. The Tuck School made it back into the top 10 (previous year: 12th).

This time, too, there are rapid ascents and descents. Of the 95 schools that participated in the previous year, 18 schools or 19 percent of the top 100 recorded double-digit increases or decreases. The Krannert School of Management at Purdue University rose by 36 places from 80th to 44th place.

The change in the admission rate is remarkable. Stanford, long the strictest elite school, accepted 8.9 percent of applicants for an MBA this year. In the previous year it was only 6.9 percent. Harvard, on the other hand, has become stricter and only admitted 9.2 percent of applicants. In the previous year it was 11.5 percent.

The corona pandemic is also reflected in the employment rate. Only eleven of the top 25 achieved a job placement rate of 90 or more percent this time three months after graduation. In the previous year, this was still the case at 21 schools.

The Foster School of Business at the University of Washington did best with 94.2 percent. 53 percent of the graduates got a job in the technology sector and 69 percent will stay in Washington State, the headquarters of Amazon and Microsoft.

At the winner Stanford, however, the employment rate is only 85.3 percent. Harvard has 82.5 percent, the lowest rate among the top 10.

The evaluation of the ranking of U.S. News is based on a peer assessment by Deans and MBA directors (25 percent) and a survey of recruiters (15 percent). In addition, the starting salaries and bonuses (14 percent), the employment rate at graduation and three months later (7 and 14 percent), the GMAT value (around 16 percent), the GPA value from the undergraduate degree (around eight percent) and the quota of approved MBA applicants (around one percent).

The current ranking included 364 MBA programs from US schools, but only 141 provided enough information. All ranked schools have AACSB accreditation.

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About Bärbel Schwertfeger

Bärbel Schwertfeger is a graduate psychologist and has been working as a freelance journalist in the field of management, further training and personnel development since 1985.