Bloomberg Businessweek Ranks Best B-Schools for 2021-2022

Bloomberg BusinessweekBloomberg Businessweek has announced its 2021-2022 ranking of the best business schools in the world. Last year, due to COVID-19, the organization decided to forgo a traditional annual ranking. But a quick comparison between this and the 2019 list shows no change at the very top. Once again, Stanford Graduate School of Business is crowned best in class among U.S. business schools.

Bloomberg Businessweek’s Best B-Schools

2021-2022 Ranking2019-2020 Ranking
1. Stanford GSB1. Stanford GSB
2. Dartmouth Tuck School of Business2. Dartmouth Tuck School of Business
3. Harvard Business School3. Harvard Business School
4. Chicago Booth School of Business4. Chicago Booth School of Business
5. Northwestern Kellogg School of Management5. UV Darden School of Business
6. Columbia Business School6. Wharton School
7. UC Berkeley Haas School of Business7. MIT Sloan School of Management
8. MIT Sloan School of Management8. UC Berkeley Haas School of Business
9. (tied) Wharton School9. Columbia Business School
9. (tied) UV Darden School of Business10. Northwestern Kellogg School of Management

In contrast, we do see a reshuffling of (mostly) the same players for the best business schools in Europe.

Top 5 Best Business Schools in Europe

2021-20222019-2020
1. IMD1. IMD
2. IESE Business School2. INSEAD
3. SDA Bocconi3. London Business School
4. INSEAD4. HEC Paris
5. London Business School5. SDA Bocconi

What is new this year is the addition of a Diversity Index to the MBA ranking. For the first time, Bloomberg Businessweek measures race, ethnicity, and gender. According to the publication, race and ethnicity count for 50% of the diversity score and gender for the other 50%.

It’s’ worth noting that none of the schools appearing at the top of the main ranking have the same crossover power where diversity is concerned. Stanford GSB ranks 16th, and both Tuck and HBS rank 17th in diversity. The next top-ranked school, Wharton, comes in 24th place.

Bloomberg Businessweek Methodology 

Rankings were based on 19,955 surveys from students, alumni, and recruiters, as well as compensation and employment data from each school. U.S. schools also provided data on race, ethnicity, and gender in their classes for the Diversity Index.

Click here to learn more about the Bloomberg Businessweek 2021-2022 MBA rankings.

Our View of Rankings

While rankings can inform your decision of where to apply, applicants would do well to focus more on a program’s culture, size, or the strength of its alumni network. When Stacy Blackman Consulting last surveyed business school applicants to determine what matters most to them and why, fewer than 12% of survey respondents considered culture a top priority. A mere handful believed program content was the most crucial factor influencing the decision to attend a particular business school.

These troubling results indicate people aren’t paying enough attention to the program that’s truly a good fit for them. We’re realists and know that those headed for b-school really can’t help themselves. But, keep in the back of your mind that placing too heavy an emphasis on rankings can become a distraction. Take multiple factors into consideration when making your final school selection.

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