Forbes Ranks Stanford No. 1 B-School

Stanford Graduate School of Business has been named the top American business school in Forbes’ sixth biennial ranking of the best business schools, the magazine announced Thursday. The Forbes ranking of MBA programs is based on the return on investment achieved by the graduates from the class of 2004.

The magazine surveyed 17,000 alumni at 103 schools and heard back from 24% of those grads. After comparing their earnings in their first five years out of B-school to their opportunity cost–tuition, fees, and two years without salary, among other elements–the top five on the Forbes’ U.S. list are: Stanford, Tuck, Harvard, Chicago Booth and Wharton. The median salary for Stanford grads five years out has jumped to $225,000, Forbes reports.

The top spot for non-U.S. two-year business school went to London Business School; INSEAD took first place for non-U.S. one-year program.  For a complete breakdown of the ratings, click here. The issue hits newsstands today, and Forbes plans to publish its Best Business Schools report annually, rather than every two years, in the future.

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