Harvard Business School, Stanford Share Number One Spot Again in U.S. News & World Report Rankings
U.S. News & World Report released its annual ranking of business schools yesterday, revealing little change at the very top from last year. Harvard Business School and Stanford Graduate School of Business tied for first, and the University of Pennsylvania’s Wharton School came in third again.
Massachusetts Institute of Technology’s Sloan School of Management and Northwestern University’s Kellogg School of Management tied for number four. Last year, the University of Chicago’s Booth School of Business shared in a three-way tie for that spot, but this year it slipped down to sixth.
Rounding out the top ten were UC Berkeley’s Haas School of Management (7), Columbia Business School (8), Dartmouth’s Tuck School of Business (9) and New York University’s Stern School of Business (10).
The U.S. News rankings are based on a weighted average of several indicators, including overall program quality, peer assessments, recruiter assessments, placement success, mean starting salary and bonus, average GMAT score and GPA and more. To compile this year’s rankings, all 448 master’s programs accredited by AACSB International were surveyed in fall 2012 and early 2013, 380 of which responded.
Notably, Yale School of Management (SOM), which ranked tenth last year, fell to number 13, something of a surprise to some in the MBA community who have been closely watching the significant changes new Dean Ed Snyder, formerly dean of both Darden and Booth, has been making at the school since taking over two years ago. But a closer look at the indexed scores U.S. News uses to compile the rankings shows that Yale’s stayed steady at 84, the same as it was last year. Instead, it was increases in scores for NYU Stern (87), Duke’s Fuqua School of Business (86) and UVA’s Darden School of Business (85) that resulted in Yale SOM’s slip in the overall lineup.
As always, those of us at Clear Admit encourage prospective applicants to use rankings as just one component in a thorough investigation of schools and programs when trying to assess where to apply.