If you’re interested in pursuing your MBA at a top business school, then you’re in luck.
The lovely people at the US News and World report recently released their Best Grad and Business School rankings for 2016.
“But, we’re barely three months into 2015,” you say. “How do they already have the 2016 rankings?”
This report’s rankings take into account such criteria as program assessments by peers and recruiters, graduate employment rates and placement successes, mean starting salaries for graduates, student selectivity, the mean GRE and GMAT scores of accepted applicants, and the program’s acceptance rate.
If you’re an all-around exceptional applicant (we’re talking top GMAT scores, excellent academic and work achievements, and clear goals for how you plan to use your MBA), then this list is definitely for you.
So, without any further ado, here are the best business schools of 2016.
US News & World Report’s 2016 Top Business Schools:
Top 10 MBA Programs:
No surprises here. In fact, the top ten list is exactly the same as it was last year. For the second year running, we see Stanford Graduate School of Business take the top spot, with Harvard as first runner up (read more about our take on Harvard GMAT Scores).
2. Harvard University
3. University of Pennsylvania (Wharton)
4. University of Chicago (Booth)
5. Massachusetts Institute of Technology (Sloan)
6. Northwestern University (Kellogg)
7. University of California, Berkeley (Haas)
8. Columbia University
9. Dartmouth University (Tuck)
10. University of Virginia (Darden)
Top 25 MBA Programs:
11. New York University (Stern)
11. University of Michigan – Ann Arbor (Ross)
13. Duke University (Fuqua)
13. Yale University
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. Washington University in St. Louis (Olin)
20. Carnegie Mellon University (Tepper)
21. Emory University (Goizueta)
21. Indiana University – Bloomington (Kelley)
23. University of Washington (Foster)
24. Georgetown University (McDonough)
25. University of Notre Dame (Mendoza)
25. University of Southern California (Marshall)
The Best MBA Program for You
This year’s list includes everything from small, private universities to large, public schools. When viewing these rankings, don’t think that you absolutely have to apply to a top program, or that you must spend the money on a private university in order to get an amazing business school education. But keep in mind that, in the business world, b-school brands can carry a lot of weight.
Finding the MBA program that’s a good fit for you is no easy feat. You are going to need to take into account the specifics of each program — things like location, cost, size, student body, reputation, and program fit. Plus, you’ll want to factor in your personal goals, and where you’d like to see yourself, career-wise, in five and ten years.
Remember that some MBA programs are intended for young professionals, with little work experience, while others are intended for mid-career professionals. Some focus on entrepreneurship more than others. Some have more hands-on job training or a better career center. Weighing the pros and cons takes time and energy, and possibly the help of an admissions expert.
When looking at this list to narrow down your b-school options, be sure to think about your personal story, your past experience, and the skills you’ll need to achieve your career goals. You can worry about your GMAT score later…
(But in the meantime, take a look at the average GMAT scores of these top programs.)