University of Chicago Booth took the top spot in the newly released U.S. News and World Report’s “Best MBA” ranking. Booth was followed by Northwestern Kellogg at number two. University of Pennsylvania Wharton dropped to number three after sharing the top rank with Booth last year. This year’s rankings utilized an updated methodology with a greater emphasis on outcomes, which caused some shifts within the top 15. Highlights include:
Dartmouth Tuck saw the largest uptick, moving from the 11th rank in 2022 to share the 6th rank with Stanford.
USC Marshall climbed four spots to the 15th rank, which it holds alongside Cornell Johnson.
Harvard maintained its 5th rank position for the third consecutive year.
Stanford, Columbia, and Berkeley Haas all dropped three spots from their positions last year. Columbia and Berkeley fell out of the top 10 into a three-way tie for the 11th rank with Duke Fuqua.
Along with the rankings, U.S. News shared key updates to its methodology, which increased the weight for “Placement Success,” to 50 percent of the overall rank. This is up significantly from 35 percent last year and includes two employment metrics as well as the mean starting salary and bonus for graduates. The overall rank de-emphasized the “Quality Assessment” to 25 percent of the total, down from 40 percent, and includes a peer and recruiter assessment score. “Student Selectivity” makes up the final 25 percent of the rank. It includes undergraduate GPA and acceptance rate, weighted slightly more than in previous years, and standardized test scores, weighted slightly less.
Rank/School
1 University of Chicago (Booth)
2 Northwestern University (Kellogg)
3 University of Pennsylvania (Wharton)
4 Massachusetts Institute of Technology (Sloan)
5 Harvard University
6 Dartmouth College (Tuck)
6 Stanford University
8 University of Michigan--Ann Arbor (Ross)
8 Yale University
10 New York University (Stern)
11 Columbia University
11 Duke University (Fuqua)
11 University of California, Berkeley (Haas)
14 University of Virginia (Darden)
15 Cornell University (Johnson)
15 University of Southern California (Marshall)
17 Emory University (Goizueta)
18 Carnegie Mellon University (Tepper)
19 University of California--Los Angeles (Anderson)
20 University of Texas--Austin (McCombs)
20 University of Washington (Foster)
22 Indiana University (Kelley)
22 University of North Carolina--Chapel Hill (Kenan-Flagler)
24 Georgetown University (McDonough)
24 Rice University (Jones)