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US News has released its annual MBA rankings for the year 2017.  The top 20 MBA schools in the US  News MBA 2017 Ranking are:

Rank School name
#1 Harvard University
#2Tie Stanford University
#2Tie University of Chicago (Booth)
#4 University of Pennsylvania (Wharton)
#5Tie Massachusetts Institute of Technology (Sloan)
#5Tie Northwestern University (Kellogg)
#7 University of California—​Berkeley (Haas)
#8Tie Dartmouth College (Tuck)
#8Tie Yale University
#10 Columbia University
New York, NY
#11 University of Virginia (Darden)
Charlottesville, VA
#12Tie Duke University (Fuqua)
#12Tie University of Michigan—​Ann Arbor (Ross)
#14 Cornell University (Johnson)
#15 University of California—​Los Angeles (Anderson)
#16Tie University of North Carolina—​Chapel Hill (Kenan-​Flagler)
#16Tie University of Texas—​Austin (McCombs)
#18 Carnegie Mellon University (Tepper)
#19 Emory University (Goizueta)
#20 New York University (Stern)

You can check the entire ranking on http://premium.usnews.com/best-graduate-schools

While this year’s big ranking stories include  – Yale’s dramatic rise and Stern’s dramatic fall, there are several other  notable features of this year’s ranking viz:

  • This year this year U.S. News has six MBA programs in tied positions within the top ten silo
  • This year U.S. News assigned numerical ranks to 94 schools, ending the list with three schools tied at a rank of 92: the University of Houston, the University of Kentucky and the University of Mississippi. As many as ten MBA programs fell completely out of the ranking, including the the University of Oregon, Auburn University, Clemson, and Thunderbird.
  • Harvard Business School tops the ranking at #1
  • Stanford shares now shares the #2 spot with the University of Chicago’s Booth School of Business. This is the highest spot achieved by Booth on the US News rankings
  • University of Pennsylvania’s Wharton School is placed at #4 this year. This is the first time Booth has topped Wharton in a US News Ranking.
  • The biggest news among the elite U.S. business schools, however, is the emergence of Yale University’s School of Management. Yale jumped five places to #9, catapulting over six of the world’s most prominent business schools to gain its highest ranking ever in U.S. News.
  • Only two Top Ten schools kept their exact ranks from last year: # 5 MIT Sloan and # 7 UC-Berkeley Haas School of Business.
  • MIT now shares joint #5 with Northwestern University’s Kellogg School of Management. Kellogg is up a place from #6 last year
  • Tying for # 8 are Yale and Dartmouth Tuck – Tuck is up a place from #9 last year.
  • New York University’s Stern plummets to #20  from #11, a drop of nine places in a single year. So what in the world would cause a top-flight school like Stern to plunge nine places? Relatively minor changes in the acceptance rate for the MBA program as well as the employment rate for the latest graduating class. The acceptance rate inched up to 20.0%, from 18.1% a year earlier. Some 89.0% of last year’s MBAs had jobs three months after graduation, down from 90.4% the previous year. Yet, the rate at graduation last year–78.8%–was significantly better than in 2014 when it was 74.9%. Such minor and inconsequential changes are behind that large a drop. Furthermore During the statistical data collection process , New York University’s Stern School of Business did not submit its data for GMAT/GRE scores of the number of new entrants (Class of 2015). The average GMAT and GRE scores have a weight of 16.25 percent in the full-time MBA rankings – though Stern later provided U.S. News with the omitted data points – this will not lead to a change in ranking this year.
  • The University of Southern California’s Marshall School lost six spots to fall to # 31 from  #25.
  • Rice University’s Jones School of Business jumped eight places # 25th from #33. Vanderbilt University’s Owen Graduate School of Management gained five spots to place# 22, up from #27.
  • The biggest gainer, up 20 places, was the University of Missouri’s Trulaske College of Business, rising to a rank  of # 59th from # 79 a year earlier.
  • T he biggest loser, the University of Connecticut’s business school at Storrs, fell 20 spots to a rank of #68 from #48

US NEWS Ranking Methodology

  • The methodology used by S. Newstakes into account a wealth of proprietary and school-supplied data to crank out its annual ranking of the best business schools.
    • The magazine does its own 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).
    • S. Newssaid it averaged the recruiter scores over the past three years for the ranking. The magazine failed to disclose the response rates for either survey.
    • 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%).

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