Harvard University and Stanford University tied atop U.S. News & World Report’s ranking of business schools, while New York University’s program dropped out of the list’s top 10.
The University of Pennsylvania’s Wharton School placed third, and business schools at the Massachusetts Institute of Technology, the University of Chicago, and Northwestern University tied for fourth, U.S. News said today in a statement.
The magazine ranks U.S. business schools according to evaluations by officials at other institutions and recruiters; graduates’ comparative success in getting jobs, salaries and bonuses; and measures of the schools’ selectivity for admission. The average starting salary and bonus at Stanford Graduate School of Business was $141,000 in 2011, while Harvard Business School graduates averaged $140,000, U.S. News said.
NYU’s Stern School of Business, which tied for 10th place last year with Yale University’s School of Management in New Haven, Connecticut, dropped to 11th this year, while Yale stayed the same. Yale hired Edward “Ted” Snyder as dean from the University of Chicago’s Booth School of Business in July and is constructing a $222 million building to distinguish the school among competitors.
Stanford, located near Palo Alto, California, got the top ranking for a third year in a row. By tying Stanford, Harvard Business School, in Boston, regained the No. 1 ranking after dropping to second last year. Before that, Harvard had led or tied for first for eight straight years, U.S. News said.
The University of California, Berkeley’s Haas School of Business, Columbia University’s Columbia Business School in New York, and Dartmouth College’s Tuck School of Business ranked seventh, eighth and ninth, the magazine said. MIT’s Sloan School of Management is located in Cambridge, Massachusetts, and Northwestern’s Kellogg School of Management is based in Evanston, Illinois. Dartmouth’s Tuck School is in Hanover, New Hampshire.
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