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The wait is over. US News has announced the US News MBA ranking for 2018! Check out the Top 25 schools in the list below.

The US News MBA ranking is the most awaited MBA ranking for schools offering management programs in the USA. It is arguably the most watched and followed of all the MBA rankings. The top 25 MBA programs in the USA according to the 2018 ranking are in the following table.

US News MBA Ranking 2018

Rank School name
#1 Tie Harvard University
#1 Tie University of Pennsylvania (Wharton)
#3 University of Chicago (Booth)
#4 Tie Massachusetts Institute of Technology (Sloan)
#4 Tie Northwestern University (Kellogg)
#4 Tie Stanford University
#7 University of California—Berkeley (Haas)
#8 Dartmouth College (Tuck)
#9 Tie Columbia University
#9 Tie Yale University
#11 University of Michigan—Ann Arbor (Ross)
#12 Tie Duke University (Fuqua)
#12 Tie New York University (Stern)
#14 University of Virginia (Darden)
#15 University of California—Los Angeles (Anderson)
#16 Cornell University (Johnson)
#17 University of Texas—Austin (McCombs)
#18 University of North Carolina—Chapel Hill (Kenan-Flagler)
#19 Carnegie Mellon University (Tepper)
#20 Emory University (Goizueta)
#21 Tie Georgetown University (McDonough)
#21 Tie Indiana University (Kelley)
#21 Tie Washington University in St. Louis (Olin)
#24 University of Southern California (Marshall)
#25 Tie Arizona State University (Carey)
#25 Tie Vanderbilt University (Owen)

To view the entire US News MBA Ranking, click here.

US News MBA Ranking: HighlightsUS News MBA ranking is out

  • While last year’s top 10 schools have remained top ten schools, the shuffle within the top ten has been surprising.
  • Tie for 1st place: For only the second time in 28 years, the University of Pennsylvania’s Wharton School fought its way into a tie for first place with Harvard Business School (HBS).
  • Stanford down to No 4: Stanford fell three places to fourth, behind HBS, Wharton and No. 3 Chicago Booth. You should bear in mind, though, that Stanford’s fall is largely a result of the self-confidence of its MBA graduates who wait longer than peers at other schools to accept job offers. Only 62.8% of Stanford MBAs were employed by the time they graduate. At Wharton, that figure is 85.8%, at Chicago Booth 84.9%, and 79.3% at HBS. This is mainly because fewer students are pursuing jobs with mainstream MBA employers. Instead, they prefer startups and early-stage companies that hire just in time.
    US News’s methodology relies on “grades” from corporate recruiters and other employment stats that favour larger firms over startups or entrepreneurial pursuits. This means that schools with a large numbers of students going into tech startups or entrepreneurship — such as Stanford — are essentially penalized.
  • Acceptance ratios: Stanford came out ahead in terms of average GMAT/GRE scores (737), average undergraduate GPA (3.73) and overall student selectivity. With an acceptance rate of just 6%, Stanford is by far the most selective school of all those ranked, with HBS accepting 10.6%, Wharton 19.6%, and Chicago Booth 23.6%. But these factors are given less weight than peer assessments and corporate recruiter survey scores as US News crunches its data.
  • Chicago Booth: Last year, Chicago Booth tied with Stanford for second place. Making it into the top three for a second year in a row helps dispel any notions of last year’s rank being a fluke. A climbing GMAT average (726) and the high employment number of 84.9% (employed at graduation) have played a part in its rise.
  • Rise of Kellogg & Sloan: Northwestern University’s Kellogg School and MIT’s Sloan School of Management each climbed one place to finish in a three-way tie with Stanford for the No. 4 spot.
  • Stern climbs back up: New York University’s Stern School of Business climbed back to 12th place from 20th in 2016. This comes after it was penalized unfairly by US News over a human error in filling out the magazine’s survey.
  • Yale in Top 10: Yale’s School of Management, which rose five spots last year to win its highest US News ranking ever, held onto its 9th place finish. This year marks the third time since 2013 that Yale School of Management (SOM) has ranked in the top 10.
  • Carey in Top 25: Arizona State University’s W.P. Carey School of Business proved that its strategy of offering full scholarships to every single MBA student has paid off. For the first time ever, Carey cracked the Top 25 list, moving up ten places to No 25 from No 35 a year ago, thanks to significant improvement in the quality of its incoming cohort of students. The upshot: Carey reduced its acceptance rate to just 14.3%, below Wharton’s 19.6% or Kellogg’s 20.1%. The average GMAT score for its latest cohort jumped ten points to 682.
  • Rice & Notre Dame out of Top 25: The University of Southern California’s Marshall School also made big gains, rising seven places to a rank of 24th from 31st in 2016. To make way for Carey and Marshall, two schools fell off the Top 25 list. Rice University’s Jones Graduate School of Business and Notre Dame University’s Mendoza College of Business, both tied at 25th last year, fell into another tie this year to rank 29th.
  • Other schools: The University of Virginia’s Darden School of Business and and Vanderbilt University’s Owen School of Management both fell three places to finish 14th and 25th, respectively.
  • This year, the University of Iowa’s Tippie School of Business plunged 19 places to finish 64th from 45th last year.

US News Ranking Methodology

  • The magazine does its own peer assessment survey of B-school deans and MBA directors (25% of the score).
  • It also does its own survey of corporate recruiters (accounting for 15% of the overall ranking).
  • According to US News, it averages the recruiter scores over the past three years for the ranking. The magazine reported a 43% response rate for the peer survey, but none for the mashup of recruiter polls.
  • Other metrics included in the ranking are starting salaries and bonuses (14%), employment rates at and three months after graduation (7% to 14%, respectively), student GMATs and GREs scores (about 16%), undergrad GPAs (about 8%), and the percentage of applicants who are accepted to a school (a little over 1%).
  • US News uses “average” salary and bonus, a metric that is less reliable than “median” in its methodology. Averages can often be skewed by a few outliers, a circumstance that can lead to major distortions in reported pay numbers.

 

 

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