21 Best Business Schools In The US

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In a world where entrepreneurship is an aspiration for many, the pivotal step in advancing your entrepreneurial journey lies in discovering the business school that best fits your aspirations. Fortunately, the United States boasts a collection of premier business schools, offering the best full-time MBA programs.

However, it's crucial to note that not all universities are the same. Therefore, if your goal is to thrive as a successful entrepreneur, the choice of where to pursue your higher education needs careful consideration. Here we present the top 20 business schools in the United States, ranked based on the U.S. News & World Report in the year 2023-2024.

1. University of Chicago (Booth)

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  • Business Ranking: 1
  • Part-time MBA: 2
  • Full-time Tuition: $77,841 (per year)
  • Part-time Tuition: $7,784 (per credit)
  • Acceptance Rate: 23%
  • Location: Chicago, Illinois

The University of Chicago Booth School of Business, commonly known as Chicago Booth, established in 1898, stands as the second-oldest business school in the US. The school is associated with ten Nobel laureates in the Economic Sciences, which is more than any other business school in the global platform.

The school offers Full-time, Part-time (Evening and Weekend), and Executive MBA programs. Commencing in the 2024-2025 academic year, Chicago Booth is providing a Master in Management degree for recent graduates who studied, arts, social sciences, biological sciences, arts, or physical sciences in college.

2. Northwestern University (Kellogg)

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  • Business Ranking: 2
  • Part-time MBA: 3
  • Full-time Tuition: $78,276
  • Part-time Tuition: $7,604
  • Acceptance Rate: 20%
  • Location: Evanston, Illinois

Founded in 1908, the Kellogg School of Management at Northwestern University is among the oldest and most prestigious business schools in the world. The school's faculty, students, and alumni have made remarkable contributions to fields such as management sciences, decision sciences, and marketing.

Kellogg offers a variety of graduate degree programs, including both a traditional full-time MBA and a part-time MBA program. The school also has different Ph.D. programs to choose from, including management, organization, and sociology through Weinberg College of Arts and Sciences.

3. University of Pennsylvania (Wharton)

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  • Business Ranking: 3
  • Full-time Tuition: $77,500
  • Acceptance Rate: 9%
  • Location: Philadelphia, Pennsylvania

The Wharton School of the University of Pennsylvania is the oldest collegiate business school in the world, having been founded in 1881 through a donation from industrialist Joseph Wharton. With concentrations in over 18 disciplines, the school awards the Bachelor of Science with a school-specific economics major.

At the graduate level, the MBA (Master of Business Administration) program can be pursued separately or with dual studies leading to obtaining a joint degree from other schools. Students can also earn a Ph.D., generally in four to five years, in nine areas, including statistics and applied economics.

4. Massachusetts Institute of Technology (Sloan)

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  • Business Ranking: 4
  • Full-time Tuition: $82,000
  • Acceptance Rate: 14.6%
  • Location: Cambridge, Massachusetts

The Sloan School of Management at Massachusetts Institute of Technology began as the engineering administration curriculum in 1914. The horizon and depth of this educational focus grew unwaveringly in response to advances in various management theories and practices.

This school not only offers a wide range of academic programs, including bachelor's, master's, and doctoral degrees, but it also delivers executive education. Its degree programs are named among the most selective globally. The faculty boasts a significant number of Nobel laureates in economics and winners of the John Bates Clark Medal.

5. Harvard University

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  • Business Ranking: 5
  • Full-time Tuition: $73,440
  • Acceptance Rate: 13%
  • Location: Boston, Massachusetts

Harvard Business School, the graduate business school of Harvard University founded in 1908, persistently ranks among the leading business schools in the world. It offers a full-time MBA program, executive education programs, and management-related doctoral programs.

Students can also enroll in joint degree programs in conjunction with Harvard Medical School, the Harvard Kennedy School of Government, the Harvard School of Dental Medicine, and Harvard Law School. There are approximately 90,000 graduates of this business school, scores of whom have embarked on to lead major corporations.

6. Dartmouth College (Tuck)

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  • Business Ranking: 6
  • Management Ranking: 9
  • Full-time Tuition: $77,520
  • Acceptance Rate: 23%
  • Location: Hanover, New Hampshire

The Tuck School of Business at Dartmouth College, established in 1900, was the first school to offer a master's degree in business administration. It is often ranked among the top business schools in the world by the Financial Times, Forbes, The Economist, Bloomberg Businessweek, and U.S. News & World Report.

This business school only offers one degree (MBA) through a full-time, residual program. The Tuck School is renowned for its rural setting and small class size, with each MBA class consisting of around 280 students. Moreover, Tuck's graduates pocket some of the highest salaries of MBA programs in the US.

7. Stanford University (Stanford GSB)

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  • Business Ranking: 6
  • Full-time Tuition: $76,950
  • Acceptance Rate: 5.7%
  • Location: Stanford, California

Founded in 1925, the Graduate School of Business at Stanford University, commonly known as Stanford GSB, has been among the most selective business schools in the US for several years, admitting only around 6% of applicants.

The school offers a traditional Master of Business Administration degree, a Master of Science (MSx) Program, and a Ph.D. program, as well as joint degrees with other schools at Staford including Education, Law, Medicine, Earth Sciences, and Engineering. It also provides the Stanford LEAD Business Program, an online-based professional certificate program.

8. University of Michigan, Ann Arbor (Ross)

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  • Business Ranking: 8
  • Part-time MBA: 7
  • Full-time Tuition: $68,196 (in-state); $73,196 (out-of-state)
  • Part-time Tuition: $66,846 (in-state); $71,834 (out-of-state)
  • Acceptance Rate: 28%
  • Location: Ann Arbor, Michigan

Established in 1924, the Stephen M. Ross School of Business at the University of Michigan initially bore the name School of Business Administration. Today, it boasts a diverse array of academic offerings encompassing bachelor's, master's, and doctoral degrees, in addition to an executive education program.

It also provides dual degrees in conjunction with other schools and colleges within the University of Michigan. The Executive Education program also features a Distinguished Leader Certificate program. Moreover, the school consistently secures high rankings both nationally and globally.

9. Yale University

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  • Business Ranking: 8
  • Full-time Tuition: $79,000
  • Acceptance Rate: 23%
  • Location: New Haven, Connecticut

The Yale School of Management at Yale University was established in 1976. It awards MBA, MBA for Executives (EMBA), Master's Degree in Systemic Risk (SR), Master's Degree in Asset Management (AM), Master of Advanced Management (MAM), and Ph.D. degrees, in addition to joint degrees with nine other graduate programs at Yale University.

Yale further provides semester-long student exchange programs with IESE, the London School of Economics, HEC Paris, Tsinghua University, and the National University of Singapore Business School. Students can further propose a quarter- or semester-long program with any of the 25 schools of the Global Network for Advanced Management.

10. New York University (Stern School of Business)

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  • Business Ranking: 10
  • Part-time MBA: 4
  • Full-time Tuition: $82,326
  • Part-time Tuition: $2,654
  • Acceptance Rate: 27%
  • Location: New York City, New York

The Leonard N. Stern School of Business at New York University (NYU Stern) was founded in 1900 as the School of Commerce, Accounts and Finance. It received its current name in 1988. NYU Stern serves as the founding member of the Association to Advance Collegiate School of Business.

NYU Stern awards a Bachelor of Science (BS) in Business at the undergraduate level and a Master of Business Administration (MBA) degree at the postgraduate level. As of October 2022, 2,865 and 2,735 students were enrolled in the school's undergraduate and MBA programs, respectively.

11. Columbia University

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  • Business Ranking: 11
  • Full-time Tuition: $80,472
  • Acceptance Rate: 22%
  • Location: New York City, New York

Founded in 1916, Columbia Business School is among the six Ivy League business schools and one of the world's oldest business schools. The school offers an MBA program, an Executive MBA program, an MS program, a Doctoral program, and comprehensive Executive education opportunities.

Students may further opt for dual-degree programs, combining an MBA with one of ten other professional degrees. Generally, pursuing a dual degree saves a year compared to earning the degrees separately. Candidates must submit separate applications to both Columbia Business School and their chosen additional degree program.

12. Duke University (Fuqua School of Business)

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  • Business Ranking: 11
  • Full-time Tuition: $71,750
  • Acceptance Rate: 20.5%
  • Location: Durham, North Carolina

Established in 1969, the Fuqua School of Business at Duke University has an enrollment of over 1,300 students in degree-seeking programs. In addition to its degree programs, Duke Executive Education offers a variety of non-degree business education and professional development programs.

For the 2024 Daytime MBA Class, the school had a 20.5% acceptance rate receiving 3,539 applications. Around 55% of the candidates accepted into the MBA program admitted to fill a class of 399. Fuqua outlines an 80% GMAT range of 680-760 and boasts 52% international and 48% female students.

13. University of California, Berkeley (Haas)

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  • Business Ranking: 11
  • Part-time MBA: 1
  • Full-time Tuition: $67,424 (in-state); $76,433 (out-of-state) 
  • Part-time Tuition: $3,600 (in-state); $3,600 (out-of-state)
  • Acceptance Rate: 13.2%
  • Location: Berkeley, California

The Walter A. Hass School of Business at the University of California, Berkeley was the first business school at a public university in the US and is named among the world's best business schools by Bloomberg Businessweek, U.S. News & World Report, QS World University Rankings, The Economist, and Financial Times.

Students at Hass earn an MBA degree in 21 months in the traditional program or in three years if they choose part-time programs. Additionally, seasoned business professionals can obtain their MBA in 19 months through the Berkeley MBA for Executive program.

14. University of Virginia (Darden)

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  • Business Ranking: 14
  • Full-time Tuition: $68,974 (in-state); $71,112 (out-of-state)c
  • Part-time Tuition: $2,349 (in-state); $2,349 (out-of-state)
  • Acceptance Rate: 33.6%
  • Location: Charlottesville, Virginia

The University of Virginia Darden School of Business, founded in 1955, was the first graduate school of business in the Southern United States. The original business school once resided on the central grounds of the University of Virginia before relocating to its current site at the North Grounds.

Darden, renowned as one of the world's premier business schools, offers a comprehensive range of programs including MBA, Ph.D., and Executive Education. Impressively, 97% of MBA graduates from the class of 2019 secured full-time job offers within just three months of graduation, with a median starting salary and sign-on bonus of $162,000 upon graduation.

15. Cornell University (Johnson)

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  • Business Ranking: 15
  • Full-time Tuition: $76,690
  • Acceptance Rate: 31.2%
  • Location: Ithaca, New York

The Samuel Curtis Johnson Graduate School of Management at Cornell University, established in 1946, was renamed after the founder of S.C. Johnson & Son Samuel Curtis Johnson in 1984, following his family's $20 million endowment gift to the school -the largest gift to any business school in the world at the time.

Currently, the business school serves approximately 600 MBA students in both full-time two-year and Accelerated MBA (one-year) programs, along with 375 Executive MBA students. Additionally, it proudly counts over 15,200 alumni among its ranks and is the publisher of the academic journal, Administrative Science Quarterly.

16. University of Southern California (Marshall)

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  • Business Ranking: 15
  • Part-time MBA: 8
  • Full-time Tuition: $72,501
  • Part-time Tuition: $2,197
  • Acceptance Rate: 30%
  • Location: Los Angeles, California

Founded in 1920, the USC Marshall School of Business at the University of Southern California is accredited by the Association to Advance Collegiate Schools of Business. It was renamed in 1997 after receiving a donation of $35 million from alumnus Gordon S. Marshall.

The school offers a Bachelor of Science program in Business Administration, along with a variety of joint programs that allow students to combine their studies in International Relations and Cinematic Arts with Business Administration. Marshall's full-time two-year program features an intensive core and a wide array of electives and concentrations.

17. Emory University (Goizueta)

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  • Business Ranking: 17
  • Part-time MBA: 19
  • Full-time Tuition: $70,200
  • Part-time Tuition: $1,638
  • Acceptance Rate: 38%
  • Location: Atlanta, Georgia

Founded in 1919, Emory University's Goizueta Business School (simply known as Goizueta) was renamed in 1994 in honor of Roberto C. Goizueta, the CEO of The Coca-Cola Company. The school's present leadership is under the guidance of Karen Sedatole, who was appointed as interim dean in 2020.

Goizueta offers a diverse selection of academic programs, including Undergraduate BBA, one-year MBA, two-year MBA, Evening MBA, Executive MBA, Master in Business for Veterans, Master of Analytical Finance, Master in Management, MS Business Analytics, MS Business Analytics for Working Professionals, Ph.D., and Executive Education.

18. Carnegie Mellon University (Tepper School of Business)

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  • Business Ranking: 18
  • Part-time MBA: 9
  • Full-time Tuition: $72,800
  • Part-time Tuition: $54,600
  • Acceptance Rate: 27.7%
  • Location: Pittsburgh, Pennsylvania

The Tepper School of Business, the business school of Carnegie Mellon University, was founded in 1949 by William Larimer Mellon. In March 2004, the school was renamed following a remarkable $55 million donation from its alumnus, David Tepper.

The school offers a wide range of academic programs, spanning from undergraduate degrees to doctoral levels, in addition to providing executive education programs. MBA students have the flexibility to choose between the General Management curriculum or follow one of four specialized MBA tracks, such as Business Analytics and Technology Leadership.

19. University of California, Los Angeles (Anderson)

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  • Business Ranking: 19
  • Part-time MBA: 5
  • Full-time Tuition: $71,071
  • Part-time Tuition: $1,690
  • Acceptance Rate: 12%
  • Location: Los Angeles, California

The John E. Anderson Graduate School of Management (UCLA Anderson School of Management) at the University of California, Los Angeles is one of eleven professional schools. The school awards MBA (full-time, part-time, executive), Financial Engineering, Business Analytics, PGPX, and Ph.D. degrees.

At the school, traditional MBA students finish a year of required business classes, followed by a year of self-chosen courses. They have the option to pick specializations via electives or enroll in one of 10 dual-degree programs, like the MBA/J.D. with the UCLA School of Law and an MBA/M.D. with the UCLA Geffen School of Medicine.

20. University of Texas, Austin (McCombs)

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  • Business Ranking: 20
  • Part-time MBA: 6
  • Full-time Tuition: $52,544 (in-state); $58,264 (out-of-state)
  • Part-time Tuition: $119,925 total program (in-state)
  • Acceptance Rate: 34%
  • Location: Austin, Texas

The McCombs School of Business (McCombs School or McCombs) at The University of Texas at Austin provides undergraduate, master's, and doctoral programs for an average of 13,000 students annually. In addition to the main campus in Downtown Austin, the school offers classes outside Central Texas in Houston and Dallas.

McCombs graduates receive competitive salaries and attract interest from some of the best companies in the world. Furthermore, the school has continued to maintain a high job placement for its graduates, thanks to the thriving Texas economy and job market.

21. University of Washington (Foster)

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  • Business Ranking: 20
  • Part-time MBA: 11
  • Full-time Tuition: $37,392 (in-state); $55,074 (out-of-state)
  • Part-time Tuition: $28,056 (in-state and out-of-state)
  • Acceptance Rate: 35%
  • Location: Seattle, Washington

The Michael G. Foster School of Business at the University of Washington, founded in 1917, was the second school in the western United States. It offers bachelor's, master's, and doctoral programs, in addition to undergraduate minor and certificate programs.

Each year, the institution welcomes approximately 2,500 students to its undergraduate and graduate programs, along with over 1,000 working professionals participating in its executive education seminars and lifelong learning initiatives.

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