The Best MBA Programs In The US – And How To Find The Right Fit
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In November, Bloomberg Businessweek ranked Harvard Business Schools MBA program the best in the United States for the third consecutive year.
Wharton and MIT Sloan took the second and third spots respectively, with Chicago Booth and Stanford making up the top five.
The same names are filling out the top tiers of MBA rankings tables year after yearnine out of Bloombergs 10 best graduate business schools of 2017 featured in 2016s top 10.
But there are hundreds of MBA programs in the US, and thousands of MBA candidates are taking the GMAT® exam and the GRE® General Test to apply to business schools each year.
How can you make the most out of the MBA rankings?
Delve a little deeper
First, be assured that the top-10-ranked business schools (listed below) are not the be-all and end-all.
Bloombergs b-school ranking is based on surveys of recruiters, students, and alumni, as well as data on post-MBA job placement and starting salaries. These are all weighted in different waysfrom the employer survey contributing 35% of the schools overall score, to salary and job placement data, both at 10%.
When considering the top-ranked MBA programs, its important to look deeper into the rankingsinto the methodologies and the data beneathto find the right fit.
Based on Bloombergs research, the top three most popular US MBA programs among students are found outside the top 10at UCLA Anderson, William & Marys Mason School of Business, and Johnson at Cornell.
But, at the same time, the Virginia-based Mason School of Business ranks outside Bloombergs top-50 for its reputation amongst employers, its job placement rate, and post-MBA salaries.
Similarly, the University of Washingtons Foster School of Business ranked number one for its job placement rate and 24th for post-MBA salariespretty good career prospects for Foster MBAs.
Rutgers Business School, New Jersey, has Bloombergs second-highest job placement rate, but its 51st position for post-MBA salaries means Rutgers MBA grads earn lower salaries than many of their counterparts.
Its all relative of course. Rutgers full-time MBA grads can expect to earn up to $125,000 post-MBA. 2016s average was just under $90,000.
MBA grads from Stanfordranked first by Bloomberg for post-MBA payearn an average of $140,000 after graduation.
By delving deeper into MBA rankings data, applicants can discover more about the strengths and specialties of different b-schools.
For example, more MBAs from Brigham Young Universitys Marriott School of Business in Utah go into tech than California-based Stanford or Berkeley Haasthe breeding grounds for Silicon Valley execs.
Columbia Business School produces the biggest share of MBAs that land jobs in finance. While, at the University of California at San Diegos Rady School of Management, two in every five recent MBA grads have taken up jobs in Asia…
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