The Princeton Review, known for its college rankings in dozens of categories based on how students rate their schools, is now expanding its coverage of business school programs. The company recently released its 2018 annual ranking lists of business schools.
Available on the company’s website, The Princeton Review reports the top 10 ranking schools in 18 categories of interest to students applying to on-campus MBA programs.
In addition, the company announced the result of its 3 rd annual ranking of the top 25 online MBA programs for 2018.
“We want to offer students a truly robust resource to find information about business school programs,” said Robert Franek, Editor-in-Chief, The Princeton Review. “Students who came to us for help selecting their college can now find equally comprehensive information on our website about choosing a business school program. We want students to be aware that on-campus and online MBA programs have different strengths and they can use that information to find the best business school for their interests.”
“Top business schools now offer online MBAs, and employers do see them as credible and valuable,” added Mr. Franek. “For working professionals unable to move to a ‘brick and mortar’ campus for an MBA, these schools offer an opportunity to learn from some of the world’s best business school professors and earn their degree from anywhere in the world.”
How Do On-Campus MBA Students and Online MBA Students Differ?
- Age of student population: On-campus students are younger; the average age is 28 while the average age of online MBA students is 34.
- Work experience: On-campus MBA students average 5 years of work experience; online MBA students average 11 years.
- Starting salary: The average starting salary for students at top on-campus MBA programs is $115,000 vs. $107,000 for students at top online MBA programs.
On The Princeton Review website, prospective students can find detailed profiles of the business schools, which include admission, academics, financial aid, campus life and career/employment information. In addition to the profiles and the rankings, the site includes helpful business school advice articles about taking the GMAT, crafting a stellar MBA application, and finding a program best tailored to your goals.
“Our purpose is not to rank schools hierarchically or crown any school as ‘best’ overall. Our goal is to provide school profiles combined with multiple rating scores and ranking lists to help applicants choose the best business school for them,” added Franek. “Their program offerings vary considerably, and we salute and highlight those distinctions in our profiles.”
Top On-Campus MBA Programs
The Princeton Review tallied its lists based on its surveys of 23,000 students attending 267 business schools. In these categories, the following schools were ranked #1:
- Best Career Prospects – Harvard University
- Toughest to Get Into – Stanford University
- Best Professors – University of Virginia
- Best Classroom Experience – Stanford University
- Most Competitive Students – Acton School of Business
- Best Campus Environment – University of Virginia
- Best Administered – Acton School of Business
- Greatest Resources for Women – Stanford University
- Greatest Resources for Minority Students – Howard University
- Most Family Friendly – Brigham Young University
- Best Green MBA – University of Vermont
In addition, this year’s survey of 23,000 students evaluated their schools to find the best MBA programs in 7 new categories for (schools below were ranked #1):
- Best MBA for Consulting – Northwestern University
- Best MBA for Finance – Columbia University
- Best MBA for Human Resources – University of Florida
- Best MBA for Management – Stanford University
- Best MBA for Marketing – Northwestern University
- Best MBA for Nonprofit – Columbia University
- Best MBA for Operations – Carnegie Mellon University
Top 10 Online MBA Programs
The Princeton Review surveyed more than 4,700 online MBA students at more than 75 business schools offering online MBAs to come up with this year’s list of top online MBA programs. The Top 10 are:
- Indiana University Bloomington
- University of North Carolina at Chapel Hill
- Temple University (PA)
- University of Southern California
- University of Florida
- Carnegie Mellon University (PA)
- IE University (Spain)
- Rochester Institute of Technology (NY)
- Arizona State University
- Babson College (MA)
Among students surveyed at the top 25 online MBA programs:
- 56% were receiving financial assistance from their employers to pay for their degree: they reported their companies were covering 62% of the degree cost
- 34% reported receiving a promotion while earning their online MBA
- $107,000 was the students’ average base salary upon graduating from the program
- 30% was the average salary increase graduates reported they received after completing the degree
While here at SBC we don’t like to encourage clients to focus too heavily on rankings when they’re making their MBA program selections, we also know those headed for b-school really can’t help themselves. Be sure to consider multiple factors when making your final school selection.