Harvard Business School Snags Top Spot on Forbes Best Business Schools Ranking
Harvard Business School (HBS) came out on top this year for the first time since 2003 in the Forbes Best U.S. Business Schools ranking, released this week. Stanford, the former No. 1, dropped to second.
The Forbes ranking, which focuses on the return on investment graduates achieve from attending business school, found that graduates in Harvard’s Class of 2006 saw their median salaries rise from $79,000 pre-MBA to $230,000 in 2010, the highest jump among U.S. schools.
To assess ROI, the Forbes ranking also pays close attention to what it costs to attend the top business school programs. According to the report, a degree at a leading school like Stanford costs an average of $275,000 when you factor in tuition and lost income for the time you are in school. At Columbia Business School, tuition alone is now $115,000 including fees for the two-year program.
But according to Forbes, it still more than pays off. And schools are also taking steps to increase grants and scholarships. They are up more than 50 percent in the past six years, and the 74 U.S. schools ranked handed out an average of $26,000 to 55 percent of students in the graduating class of 2010, Forbes reports.
As always, those of us here at Clear Admit encourage prospective applicants to use rankings as but one consideration when choosing the best business school to fit your needs. For the full Forbes 2011 U.S. Business Schools Ranking, click here.
Here’s a quick rundown of the top ten:
- Harvard Business School
- Stanford Graduate School of Business
- University of Chicago Booth School of Business
- The Wharton School at the University of Pennsylvania
- Columbia Business School
- Tuck School of Business at Dartmouth University
- Northwestern University’s Kellogg School of Management
- Samuel Curtis Johnson Graduate School of Management at Cornell University
- Darden School of Business at the University of Virginia
- MIT Sloan School of Management