As you consider pursuing an MBA in the US, you may be interested in the latest US News Business School Rankings for 2023-2024.
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These rankings are based on several factors, including recruiter assessments, peer assessments, acceptance rates, average GMAT/GRE scores, and employment outcomes for graduates.
This year, US News changed how it weighted the different factors, which created a lot of changes in the rankings. For instance, job placement now accounts for 30% of the ranking, whereas it was only 21% in the past. Starting pay also increased weighting, from 14% to 20%.
Without further ado, let me share with you the top schools that made the list, along with their 2024 and [2023] rankings:
1. University of Chicago (Booth) [1]
2. Northwestern University (Kellogg) [3]
3. University of Pennsylvania (Wharton) [1]
4. Massachusetts Institute of Technology (Sloan) [5]
5. Harvard University [5]
6. Stanford University [3]
6. Dartmouth College (Tuck) [11]
8. Yale University [7]
8. University of Michigan-Ann Arbor (Ross) [10]
10. New York University (Stern) [10]
11. Columbia University [8]
11. Duke University (Fuqua) [12]
11. University of California-Berkeley (Haas) [8]
14. University of Virginia (Darden) [14]
15. Cornell University (Johnson) [15]
15. University of Southern California (Marshall) [19]
17. Emory University (Goizueta) [21]
18. Carnegie Mellon University (Tepper) [16]
19. University of California-Los Angeles (Anderson) [17]
20. University of Texas-Austin (McCombs) [18]
20. University of Washington (Foster) [22]
22. Indiana University (Kelley) [22]
22. University of North Carolina (Kenan-Flagler) [19]
24. Georgetown University (McDonough) [22]
24. Rice University (Jones) [27]
26. Georgia Institute of Technology (Scheller) [28]
You may be surprised to learn that Harvard and Stanford, often considered the most prestigious MBA programs in the US, are outside the top 3 again this year. However, it’s essential to remember that rankings are not perfect and are just one factor to consider when choosing a program.
You would also consider location, cost, program offerings, and personal preferences. The rankings offer valuable information about the quality and reputation of different programs, but it’s crucial to do your research and make an informed decision.
Thank you for reading, and if you have any questions or comments, let me know. You can also access a video of this content and join the conversation on YouTube!
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