Bloomberg Businessweek has released its 2016 ranking of the best U.S. business schools, based on data compiled from more than 1,000 recruiters, 15,000 alumni, and 9,000 recent graduates. Harvard Business School claims the number one spot among 87 full-time U.S. MBA programs. Stanford Graduate School of Business is number two, and Duke’s Fuqua School of Business is number three. This is the second year in a row that Harvard came out on top—and this time by a wider margin.
HBS was rated No.1 by the more than 1,000 corporate recruiters, and No.3 among alumni. Its graduates left with the second highest salaries. Competition for the No.2 spot was particularly close this year, with Stanford edging out Duke-Fuqua by .08 percentage point for its highest ever Businessweek rank.
Bloomberg’s Top Ten U.S. Full-Time MBA Programs
- Harvard Business School
- Stanford Graduate School of Business
- Duke University Fuqua School of Business
- Chicago Booth School of Business
- Tuck School of Business at Dartmouth
- University of Pennsylvania’s Wharton School
- MIT Sloan School of Management
- Rice University’s Jones Graduate School of Business
- Northwestern University’s Kellogg School of Management
- UC Berkeley Haas School of Business
“We continue last year’s focus on how well the schools channel their graduates into good jobs and, with a new survey of MBAs after graduation, offer more insight into what grads can expect from their careers,” writes Bloomberg’s Lance Lambert.
Highlights of the 2016 ranking include:
- Harvard had more than a nine point lead on its nearest competitor this year, up from less than two points in 2015.
- Indiana University received the highest score among recent graduates.
- Rutgers University’s 2015 grads had the highest job placement rate.
- The University of Michigan does not appear in the top ten for the first time since Businessweek started the rankings in 1988.
- This is the first year that Rice University has ranked in the top ten.
- Alumni, recent graduates and recruiters all gave the University of Texas at Dallas better scores, helping to propel it 13 spots.
The Bloomberg ranking methodology includes an employer survey (35% of score), alumni survey (30%), student survey (15%), job placement rate (10%), and starting salary (10%).
“Our Full-Time MBA rankings comprise five elements. So it’s possible to rank highly without knocking every category out of the park,” Lambert explains. “For example, Stanford which is the No. 2 school on our list, ranked No. 57 for job placement.”
This year’s rankings includes 15 U.S. MBA programs that weren’t ranked last year, moving the list from 74 programs in 2015 to 87 in 2016. “With so many new programs added to the list, we saw a lot of movement throughout the rankings,” Lambert notes.
The top 30 full-time U.S. MBA programs will be highlighted in the print issue of Bloomberg Businessweek on newsstands Friday, November 18, 2016.