Top U.S. Business Schools

Below we list the top U.S. business schools, as ranked by Forbes magazine in its biennial survey using its own return on investment formula. Prior rank represents a school’s ranking in the Forbes 2017 survey. Salary represents the average received in 2018 by the Class of 2014. Jobs rate applies to the Class of 2018 and represents the percent of those seeking jobs who accepted employment within three months of graduation. All other data in the table below applies to the Class of 2020. Tuition represents the two-year total tuition and fees for out-of-state students; tuition for in-state residents is significantly cheaper at many of these schools. Acceptance rate represents the percent of applicants (number applied column) who were admitted. Class size represents the number of students who enrolled (for the class of 2020).
Click on any column heading to sort the table by that data; click again to reverse sort.
The median GMAT data comes from Forbes, but it is worth noting that data for ten schools (e.g. #2 Stanford’s 732 score) is probably the mean GMAT score. Since GMAT scores are given in increments of 10, a median score must end in a zero or a five. Although not shown in our table, the median work experience for the vast majority of these schools is 4 to 5 years. The current Forbes survey does not report GPA, but a prior survey listed the median GPA for every school in the tight range of 3.2 to 3.7. For more information about the rankings, including profiles of each school, visit Forbes.
Click on any column heading to sort the table by that data; click again to reverse sort.
Rank | School | Location | Prior Rank | Salary ($000s) | Jobs Rate | Tuition ($000s) | Number Applied | Accept Rate | Class Size | Median GMAT |
---|---|---|---|---|---|---|---|---|---|---|
1 | Chicago (Booth) | Chicago, IL | 7 | 245 | 96 | 149 | 4,289 | 23 | 591 | 730 |
2 | Stanford | Palo Alto, CA | 2 | 250 | 88 | 144 | 7,797 | 6 | 419 | 732 |
3 | Northwestern (Kellogg) | Evanston, IL | 4 | 215 | 92 | 150 | 4,471 | 22 | 478 | 740 |
4 | Harvard | Boston, MA | 3 | 230 | 89 | 161 | 9,886 | 11 | 930 | 730 |
5 | Pennsylvania (Wharton) | Philadelphia, PA | 1 | 230 | 95 | 158 | 6,245 | 21 | 862 | 732 |
6 | Dartmouth (Tuck) | Hanover, NH | 5 | 233 | 92 | 153 | 2,621 | 23 | 287 | 720 |
7 | Columbia | New York, NY | 6 | 230 | 90 | 160 | 6,029 | 17 | 756 | 740 |
7 | MIT (Sloan) | Cambridge, MA | 8 | 215 | 94 | 154 | 5,560 | 13 | 409 | 730 |
9 | Cornell (Johnson) | Ithaca, NY | 10 | 195 | 91 | 142 | 1,600 | 33 | 280 | 700 |
10 | Michigan (Ross) | Ann Arbor, MI | 12 | 180 | 94 | 140 | 3,188 | 27 | 423 | 720 |
11 | UC Berkeley (Haas) | Berkeley, CA | 9 | 205 | 93 | 126 | 3,822 | 15 | 291 | 730 |
11 | Yale | New Haven, CT | 13 | 198 | 90 | 146 | 3,785 | 20 | 347 | 730 |
13 | Virginia (Darden) | Charlottesville, VA | 11 | 185 | 92 | 142 | 2,249 | 25 | 335 | 720 |
14 | Duke (Fuqua) | Durham, NC | 14 | 184 | 94 | 144 | 3,557 | 22 | 443 | 710 |
15 | UNC (Kenan-Flagler) | Chapel Hill, NC | 16 | 161 | 92 | 131 | 1,757 | 46 | 276 | 700 |
16 | UCLA (Anderson) | Los Angeles, CA | 15 | 190 | 89 | 131 | 3,424 | 24 | 362 | 710 |
17 | Carnegie Mellon (Tepper) | Pittsburgh, PA | 18 | 185 | 90 | 134 | 1,656 | 35 | 236 | 700 |
18 | Texas-Austin (McCombs) | Austin, TX | 17 | 184 | 86 | 109 | 2,076 | 34 | 284 | 710 |
19 | Indiana (Kelley) | Bloomington, IN | 25 | 145 | 95 | 104 | 1,084 | 38 | 184 | 680 |
20 | NYU (Stern) | New York, NY | 21 | 190 | 94 | 153 | 3,781 | 23 | 370 | 720 |
21 | USC (Marshall) | Los Angeles, CA | 33 | 165 | 96 | 133 | 2,017 | 28 | 221 | 710 |
22 | Emory (Goizueta) | Atlanta, GA | 23 | 145 | 95 | 132 | 1,314 | 38 | 181 | 680 |
23 | Washington (Foster) | Seattle, WA | 30 | 165 | 99 | 100 | 934 | 35 | 125 | 710 |
24 | Brigham Young (Marriott) | Provo, UT | 19 | 145 | 98 | 53 | 294 | 56 | 131 | 672 |
25 | Notre Dame (Mendoza) | South Bend, IN | 22 | 151 | 90 | 112 | 579 | 48 | 123 | 680 |
26 | Rice (Jones) | Houston, TX | 32 | 153 | 95 | 125 | 587 | 39 | 118 | 710 |
27 | Michigan State (Broad) | East Lansing, MI | 25 | 125 | 87 | 103 | 323 | 44 | 83 | 690 |
28 | Georgia Tech (Scheller) | Atlanta, GA | 30 | 143 | 97 | 42 | 495 | 35 | 86 | 690 |
29 | Washington U-St. Louis (Olin) | St. Louis, MO | 35 | 125 | 88 | 119 | 1,115 | 33 | 135 | 700 |
30 | Vanderbilt (Owen) | Nashville, TN | 49 | 160 | 90 | 117 | 704 | 62 | 179 | 680 |
31 | Georgetown (McDonough) | Washington, DC | 35 | 170 | 94 | 119 | 1,459 | 55 | 270 | 700 |
32 | Minnesota (Carlson) | Minneapolis, MN | 27 | 143 | 85 | 104 | 529 | 39 | 92 | 690 |
33 | Texas A&M (Mays) | College Station, TX | 20 | 142 | 90 | 77 | 375 | 42 | 69 | 640 |
34 | Penn State (Smeal) | University Park, PA | 29 | 130 | 92 | 88 | 432 | 19 | 58 | 657 |
35 | Wisconsin-Madison | Madison, WI | 24 | 155 | 90 | 84 | 465 | 33 | 79 | 680 |
36 | Utah (Eccles) | Salt Lake City, UT | -- | 125 | 80 | 60 | 182 | 51 | 58 | 650 |
37 | Pittsburgh (Katz) | Pittsburgh, PA | 39 | 115 | 91 | 67 | 426 | 34 | 64 | 640 |
38 | Arizona State (Carey) | Tempe, AZ | 40 | 125 | 87 | 97 | 764 | 20 | 90 | 700 |
39 | Boston (Questrom) | Boston, MA | 48 | 134 | 91 | 111 | 932 | 51 | 157 | 690 |
40 | Purdue (Krannert) | West Lafayette, IN | 28 | 127 | 81 | 85 | 231 | 49 | 48 | 633 |
41 | Ohio State (Fisher) | Columbus, OH | 47 | 137 | 97 | 107 | 588 | 36 | 94 | 685 |
42 | Rochester (Simon) | Rochester, NY | 37 | 126 | 93 | 94 | 905 | 33 | 104 | 670 |
43 | UC Irvine (Merage) | Irvine, CA | 41 | 130 | 85 | 107 | 549 | 27 | 71 | 680 |
44 | William & Mary (Mason) | Williamsburg, VA | 58 | 120 | 88 | 93 | 293 | 67 | 103 | 620 |
45 | SMU (Cox) | Dallas, TX | 38 | 142 | 87 | 106 | 469 | 46 | 90 | 650 |
46 | Texas-Dallas (Jindal) | Dallas, TX | 44 | 123 | 88 | 62 | 276 | 35 | 50 | 670 |
47 | Maryland (Smith) | College Park, MD | 46 | 138 | 89 | 110 | 475 | 36 | 61 | 635 |
48 | Georgia (Terry) | Athens, GA | 50 | 108 | 90 | 69 | 227 | 33 | 52 | 680 |
49 | Buffalo | Buffalo, NY | 42 | 86 | 88 | 57 | 231 | 69 | 101 | 595 |
50 | Alabama (Manderson) | Tuscaloosa, AL | 43 | 93 | 92 | 66 | 303 | 62 | 152 | 650 |
51 | Rollins (Crummer) | Winter Park, FL | 44 | 84 | 80 | 75 | 126 | 66 | 65 | 550 |
52 | Case Western (Weatherhead) | Cleveland, OH | 53 | 117 | 74 | 83 | 162 | 68 | 39 | 625 |
53 | Missouri (Trulaske) | Columbia, MO | 56 | 85 | 95 | 68 | 63 | 56 | 29 | 620 |
54 | Tennessee (Haslam) | Knoxville, TN | 54 | 112 | 84 | 63 | 134 | 49 | 42 | 650 |
55 | Miami (Herbert) | Coral Gables, FL | 62 | 116 | 84 | 100 | 313 | 56 | 74 | 640 |
56 | UC Davis | Davis, CA | 63 | 120 | 88 | 114 | 290 | 39 | 44 | 660 |
57 | Willamette (Atkinson) | Salem, OR | 54 | 85 | 79 | 86 | 147 | 61 | 59 | 545 |
58 | Fordham (Gabelli) | New York, NY | 70 | 141 | 77 | 103 | 269 | 44 | 56 | 640 |
59 | Tulane (Freeman) | New Orleans, LA | 61 | 120 | 83 | 117 | 92 | 71 | 42 | 640 |
60 | Colorado (Leeds) | Boulder, CO | 69 | 100 | 75 | 63 | 292 | 72 | 102 | 610 |
61 | Pepperdine (Graziadio) | Los Angeles, CA | 65 | 105 | 36 | 101 | 317 | 54 | 50 | 600 |