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Top Business School Rankings | Top 50 MBA colleges in 2023

Top Business School Rankings | Top 50 MBA colleges in 2023
A 7 min read

Top 50 Business School rankings provided by different business publications serve as a veritable treasure trove of information for prospective business school aspirants.

While the methodology used by each differs significantly as each ranking for top business schools measures different aspects of the business school experience, rankings serve an important role in helping students with the school selection process.

They do so by providing an independent assessment of the graduate business schools and their programs.

In this article, we provide the Top 50 business schools according to the rankings provided by different business publications:

  1. US News 
  2. QS Global MBA Ranking
  3. Financial Times 
  4. The Economist 
  5. Bloomberg BusinessWeek 
  6. Forbes

If you are new to the rankings game, make sure you read our article on the significance and methodology of business school rankings published by different business publications.

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Top Business School Rankings: US News rankings 2023

Top-Business-Schools-by-US-News-Rankings-2020

 

Top Business Schools LocationRankTuition (Per Year)Enrollment MBA (Full-Time)
University of Chicago (Booth)US1$74,9191,249
University of Pennsylvania (Wharton)US1$76,0001.874
Northwestern University (Kellogg)US3$76,3681,425
Stanford UniversityUS3$74,706897
Harvard UniversityUS5$73,4401,742
Massachusetts Institute of Technology (Sloan)US5$78,954934
Northwestern University (Kellogg)US6$71,5441,304
Yale UniversityUS7$74,500721
Columbia UniversityUS8$77,3761,426
University of California, Berkeley (Haas)US8$65,360638
University of Michigan–Ann Arbor (Ross)US10$67,114747
Dartmouth College (Tuck)US11$77,520581
Duke University (Fuqua)US12$70,000855
New York University (Stern)US12$78,700658
University of Virginia (Darden)US14$66,322746
Cornell University (Johnson)US15$74,026589
Carnegie Mellon University (Tepper)US16$70,000371
University of California–Los Angeles (Anderson)US17$67,737719
University of Texas–Austin (McCombs)US18$53,856487
University of North Carolina–Chapel Hill (Kenan-Flagler)US19$48,051637
University of Southern California (Marshall)US19$62,760439
Emory University (Goizueta)US21$68,440301
Georgetown University (McDonough)US22$60,894534
Indiana University (Kelley)US22$28,143246
University of Washington (Foster)US22$35,610235
University of Notre Dame (Mendoza)US25$58,030316
Vanderbilt University (Owen)US25$62,750364
Rice University (Jones)US27$63,500352
Georgia Institute of Technology (Scheller)US28$29,508145
Arizona State University (W.P. Carey)US29$28,720118
The University of Texas at Dallas (Jindal)US29$15,309109
University of Florida (Warrington)US29$12,73779
Washington University in St. Louis (Olin)US29$64,250182
Pennsylvania State University–University Park (Smeal)US33$28,196107
University of Minnesota–Twin Cities (Carlson)US33$40,800157
University of Rochester (Simon)US33$49,000230
Brigham Young University (Marriott)US36$14,208295
Michigan State University (Broad)US36$34,420143
University of Georgia (Terry)US38$13,578117
Ohio State University (Fisher)US39$31,139120
University of Utah (Eccles)US40$31,00095
Boston College (Carroll)US41$56,760182
Southern Methodist University (Cox)US41$47,445176
Texas A&M University–College Station (Mays)US41$62,022145
University of California–Irvine (Merage)US44$47,64094
Rutgers University–Newark and New BrunswickUS45$28,39766
University of Maryland–College Park (Smith)US45$92,232148
Boston University (Questrom)US47$58,560315
University of Arizona (Eller)US47$12,10663
University of South Carolina (Moore)US47$32,00064

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Top business school Rankings: QS Global MBA Rankings 2023

Top-Business-Schools-by-QS-World-University-Rankings

Learn about How to get into top business schools 

RankBusiness Schools CityCountry
1Stanford Graduate School of BusinessStanford (CA)United States
1Harvard Business SchoolBoston (MA)United States
3Penn (Wharton)Philadelphia(PA)United States
3HEC ParisJouy en JosasFrance
5London Business SchoolLondonUnited Kingdom
6MIT (Sloan)Cambridge (MA)United States
 
7 IE Business SchoolMadridSpain
8Columbia Business SchoolNew YorkUnited States
9INSEADFontainebleauMulti-campus
10IESE Business SchoolBarcelonaSpain
11UC Berkeley (Haas)BerkeleyUnited States
12Cambridge (Judge)CambridgeUK
13Chicago (Booth)ChicagoUK
14Northwestern (Kellogg)EvanstonUS
15UCLA (Anderson)L.AUnited States
16Oxford (Said)OxfordUnited Kingdom
17ESADEBarcelonaSpain
18YaleNew Haven (CT)United States
19NYU (Stern)New YorkUnited States
19Michigan (Ross)Ann Arbor (MI)United States
19Imperial College Business SchoolLondonUK
22SDA BocconiMilanItaly
23Duke (Fuqua)DurhamUS
24Copenhagen Business SchoolCopenhagenDenmark
25IMDLausanneSwitzerland
26National University of Singapore (NUS)SingaporeSingapore
  
26MelbourneMelbourne Australia
28ESSEC Business SchoolParisMulti-campus
29Tsinghua UniversityBeijingChina
30Erasmus (RSM)RotterdamNetherlands
31UNSW (AGSM)SydneyAustralia
32Nanyang NTU SingaporeSingaporeSingapore
33Boston (Questrom)BostonUnited States
34Cornell (Johnson)IthacaUnited States
35Warwick Business SchoolCoventryUK
36USC (Marshall)LAUS
37CEIBSShanghaiChina
38MannheimMannheimGermany
39University of Hong KongHongkongHongkong
40Carnegie Mellon (Tepper)PittsburgUS
41Texas (McCombs)AustinUS
42Toronto (Rotman)TorontoCanada
43Indiana (Kelley)BloomingtonUS
44Mannheim Business SchoolMannheimGermany
45IIM AhmedabadAhmedabadIndia
46EDHEC Business SchoolNiceFrance
47Frankfurt School of Finance & ManagementFrankfurtGermany
48Manchester (Alliance)ManchesterUnited Kingdom
49ESCP EuropeParisMulti-campus
50HKUSTHong Kong SARHong Kong
Top-Business-Schools-Financial-Times-Rankings-2020
Rank in 2022Business School CountryWeighted salary (US$)Salary percentage increase3 year average rank
1University of Pennsylvania: WhartonUS237,530115
2Columbia Business SchoolUS218,542
125
3InseadFrance/Singapore186,784933
3Harvard Business SchoolUS207,180104
5Northwestern University, Kellogg School of ManagementUS201,455
1177
6Stanford Graduate School of Business
US218,805
114
7University of Chicago: BoothUS199,046
1207
8London Business SchoolUK174,106
996
9Yale School of ManagementUS190,941
1319
10Iese Business SchoolSpain163,7801249
11HEC ParisFrance165,5581249
11MIT: SloanUS193,29799
13SDA Bocconi School of ManagementItaly174,96712218
14New York University: SternUS192,18813516
14University of California at Berkeley: HaasUS207,853110
16CeibsChina174,8901479
17Cornell University: JohnsonUS181,82114218
18Dartmouth College: TuckUS188,78411415
19Duke University’s Fuqua School of BusinessUS182,77712015
20University of Virginia: DardenUS182,174
13716
21National University of Singapore Business SchoolSingapore159,877
14917
22University of Cambridge: JudgeUK165,667
9619
23Carnegie Mellon: TepperUS178,19413627
24University of Michigan: RossUS177,80312025
25University of Southern California: MarshallUS179,09513128
26UCLA Anderson School of ManagementUS173,473
110
27Georgetown University: McDonoughIndia170,886
13525
28
International Institute for Management Development (IMD)
Switzerland
164,192
6624
29Washington University: OlinUS144,234
12333
30University of Washington: Michael G. Foster School of BusinessUS156,715
12035
31University of Oxford: SaïdUK150,2268123
32Indian School of BusinessIndia
158,749
18428
32Fudan University School of ManagementChina136,709
18332
34Imperial College Business SchoolUK138,8658644
34Esade Business SchoolSpain136,1759926
36HKUST Business SchoolHong Kong146,246
10226
37Ohio State University: FisherUS145,450
16055
38University of North Carolina: Kenan-FlaglerUS155,407
12434
39Nanyang Business School, NTU SingaporeSingapore133,94812337
40IE Business School Spain142,1188444
41Vanderbilt University: OwenUS157,52512329
42
Peking University: Guanghua School of Management
China156,488
115
43University of Florida: WarringtonUS134,850
12639
43Alliance Manchester Business SchoolUK128,529
9439
45Emory University: GoizuetaUS155,586
10947
46University of Texas at Austin: McCombsUS162,6829742
47Rice University: JonesUS161,279
8245
48University of Rochester: Simon Business SchoolUS142,192
16961
49University of California at Irvine: MerageUS142,261
12452
50CUHK Business SchoolChina127,903
12349

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Top business schools Rankings: The Economist rankings

Top-Business-Schools-by-the-Economist-Rankings-2020
Rank in 2019 
Rank in 2019 Rank in 2019 Business SchoolCountry
Rank in 2019 
Rank in 2019 
1University of Chicago – Booth School of BusinessUnited States
2Harvard Business SchoolUnited States
3HEC School of Management, ParisFrance
4Northwestern University – Kellogg School of ManagementUnited States
5University of Pennsylvania – Wharton School Stanford University – Graduate School of BusinessUnited States
6UCLA – UCLA Anderson School of ManagementUnited States
7The University of California at Berkeley – Haas School of BusinessUnited States
8Stanford University – Graduate School of BusinessUnited States
9University of Michigan – Stephen M. Ross School of BusinessUnited States
10University of Navarra – IESE Business School Columbia Business SchoolUnited States
11 Duke University – Fuqua School of BusinessUnited States
12Dartmouth College – Tuck School of BusinessUnited States
13SDA Bocconi – School of ManagementItaly
14Cornell University – Samuel Curtis Johnson Graduate School of ManagementUnited States
15Columbia Business SchoolUnited States
16The University of Virginia – Darden School of BusinessUnited States
17New York University – Leonard N Stern School of BusinessUnited States
18The University of Southern California – Marshall School of BusinessUnited States
19Massachusetts Institute of Technology – MIT Sloan School of ManagementUnited States
20The University of Washington – Foster School of BusinessUnited States
21Yale School of ManagementUnited States
22INSEADFrance
23Georgia Institute of Technology – Scheller College of BusinessUnited States
24University of Warwick – Warwick Business SchoolUnited Kingdom
25London Business SchoolUnited Kingdom
26University of Texas at Austin – McCombs School of BusinessUnited States
27Emory University – Goizueta Business SchoolUnited States
28University of Melbourne – Melbourne Business SchoolAustralia
29Vanderbilt University – Owen Graduate School of ManagementUnited States
30University of Florida – Warrington College of BusinessUnited States
31Carnegie Mellon University – The Tepper School of BusinessUnited States
32EDHEC Business SchoolFrance
33University of Georgia – Terry College of BusinessUnited States
34University of North Carolina at Chapel Hill – Kenan-Flagler Business SchoolUnited States
35IMD – International Institute for Management DevelopmentSwitzerland
36Indiana University – Kelley School of BusinessUnited States
37 Rice University – Jesse H Jones Graduate School of BusinessUnited States
38Hult International Business SchoolUnites States
39University of Minnesota – Carlson School of ManagementUnited States
40ESADE Business SchoolSpain
41Washington University in St Louis – Olin Business SchoolUnited States
42Arizona State University – W. P. Carey School of BusinessUnited States
43Pennsylvania State University – Smeal College of BusinessUnited States
44University of Mannheim – Mannheim Business SchoolGermany
45Georgetown University – Robert Emmett McDonough School of BusinessUnited States
46University of Wisconsin-Madison – Wisconsin School of BusinessUnited States
47Brigham Young University – Marriott School of BusinessUnited States
48York University – Schulich School of BusinessCanada
49University of Notre Dame – Mendoza College of BusinessUnited States
50The Ohio State University – Fisher College of BusinessUnited States

Top business schools Rankings: Bloomberg Businessweek Rankings 2018

Top-Business-Schools-by-Bloomberg-Businessweek-Rankings

The overall ranking for 2019 – 2020 is not yet out.

2018 Overall RankSchool NameOverall ScoreCompensation ScoreLearning ScoreNetworking ScoreEntrepreneurship Score
1 Stanford GSB8891.2898990.7
2Chicago85.689.987.287.181.9
2 Harvard85.687.288.187.984.2
4 NorthwesternKellogg84.887.187.586.781.1
5DartmouthTuck84.488.788.38777.3
6MITSloan83.585.787.283.581.6
7PennsylvaniaWharton83.286.18385.978.2
8Columbia82.985.586.485.377.8
9 Virginia (Darden)82.883.988.384.880
10Yale82.781.988.586.579.8
11CornellJohnson82.282.487.885.577.8
11NYU82.585.681.280.270.4
13DukeFuqua80.893.751.275.146.6
14UC at BerkeleyHaas80.885.564.282.469.9
15MichiganRoss80.79062.979.347.8
16USCMarshall
80.387.267.875.964.1
17EmoryGoizueta80.188.761.774.662.5
18Georgia TechScheller78.388.75676.148.1
19Texas at AustinMcCombs78.293.644.373.235.1
20UCLAAnderson
75.281.966.275.155.4
21Washington in St. LouisOlin74.882.367.673.650.3
22IndianaKelley74.783.559.167.165
22North CarolinaKenan-Flagler73.281.767.267.852.6
24WashingtonFoster72.787.353.66337.3
25Carnegie MellonTepper
70.773.38173.356.8
26GeorgetownMcDonough69.779.354.761.363.3
27RochesterSimon68.675.862.970.447.2
28Howard67.778.459.962.841.5
29RiceJones67.17568.860.154.8
29VanderbiltOwen64.65710083.663.4
31Notre DameMendoza
64.37366.461.840.8
32Arizona StateCarey63.878.85345.648
33GeorgiaTerry63.163.269.884.440.2
34MinnesotaCarlson62.570.773.862.529.4
35Michigan StateBroad62.468.464.357.463.8
36MarylandSmith6158.495.557.381.8
37Brigham YoungMarriott60.655.191.474.467.8
38Boston UniversityQuestrom59.473.642.456.628.9
38FloridaWarrington58.959.778.268.449.2
40Southern MethodistCox58.763.77853.354.9
41Texas-DallasJindal58.465.956.859.347.7
41William and MaryMason57.967.54958.542.9
43FordhamGabelli55.966.150.754.839.8
44Penn StateSmeal54.768.455.646.327.2
45Texas A&MMays
54.372.157.330.732.5
46Ohio StateFisher5262.26837.248.8
47AmericanKogod51.355.17149.259
48Boston CollegeCarroll51.260.248.154.339
49Wisconsin50.468.840.841.113.1
50BabsonOlin49.962.950.445.227.3

Harvard and Stanford are the Highest Ranked Business Schools in Most Business School Rankings, learn what their admission committees are looking for in candidates.

Top Business School Rankings: Forbes Business School rankings

RankSchoolLocation5-Year MBA GainYears to PaybackPre-MBA Salary2018 SalaryTuitionGMAT Score
#1
Chicago (Booth)
Chicago, IL$94.4 K
3.9
$83 K$245 K
$149 K
730
#2StanfordPalo Alto, CA$90.8 K4.2$86 K$250 K$144 K732
#3Northwestern (Kellogg)
Evanston, IL
$89.6 K3.9$76 K$215 K$150 K740
#4HarvardBoston, MA
$86.5 K4.1$88 K$230 K$161 K730
#5Pennsylvania (Wharton)Philadelphia, PA
$84.7 K4.1$92 K$230 K$158 K732
#6
Dartmouth (Tuck)
Hanover, NH
$82.7 K
4$84 K
$233 K$153 K720
#7ColumbiaNew York, NY$80.9 K
4.1$82 K$230 K$160 K
740
#8MIT (Sloan)Cambridge, MA$80.9 K
4.1$80 K$215 K$154 K730
#9Cornell (Johnson)Ithaca, NY
$78.3 K
4$68 K$195 K$142 K700
#10Michigan (Ross)Ann Arbor, MI
$78 K3.9$72 K$180 K$140 K720
#11UC Berkeley (Haas)Berkeley, CA
$74.9 K
4.1$88 K$205 K$126 K730
#11YaleNew Haven, CT
$74.9 K3.9$68 K$198 K$146 K730
#13
Virginia (Darden)
Charlottesville, VA
$72.6 K4$70 K$185 K$142 K720
#14Duke (Fuqua)Durham, NC$71.1 K4$70 K$184 K$144 K710
#15UNC (Kenan-Flagler)Chapel Hill, NC
$70.1 K3.8$65 K$161 K$131 K700
#16UCLA (Anderson)Los Angeles, CA
$67.3 K4$73 K$190 K$131 K710
#17Carnegie Mellon (Tepper)Austin, TX
$65.2 K4.1$68 K$184 K$109 K710
#18Texas-Austin (McCombs)Austin, TX
$65.2 K4.1$68 K$184 K$109 K710
#19Indiana (Kelley)Bloomington, IN
$63.5 K3.7$55 K$145 K$104 K680
#20NYU (Stern)New York, NY
$61 K4.1$71 K$190 K$153 K720
#21USC (Marshall)Los Angeles, CA
$60.4 K4$64 K$165 K$133 K710
#22Emory (Goizueta)Atlanta, GA
$60.1 K
3.8$58 K$145 K$132 K680
#23Washington (Foster)Seattle, WA
$60 K3.8$70 K$165 K$100 K710
#24Brigham Young (Marriott)Provo, UT
$59.6 K3.9$58 K$145 K$53 K672
#25
Notre Dame (Mendoza)
South Bend, IN
$59.4 K3.9$58 K$151 K$112 K680
#26
Rice (Jones)
Houston, TX
$58.1 K3.8$60 K$153 K$125 K710
#27Michigan State (Broad)East Lansing, MI
$57.7 K3.6$49 K$125 K$103 K690
#28Georgia Tech (Scheller)Atlanta, GA
$56.7 K3.8$59 K$143 K$42 K690
#29Washington U-St. Louis (Olin)St. Louis, MO
$56.5 K3.8$55 K$125 K$119 K700
#30Vanderbilt (Owen)Nashville, TN
$55.3 K3.9$64 K$160 K$117 K680
#31
Georgetown (McDonough)
Washington, DC
$54.7 K4.1$64 K$170 K$119 K700
#32
Minnesota (Carlson)
Minneapolis, MN
$54.4 K3.8$62 K$143 K$104 K690
#33Texas A&M (Mays)College Station, TX
$52.7 K3.8$59 K$142 K$77 K640
#34
Penn State (Smeal)
University Park, PA
$52.5 K
3.7$50 K$130 K$88 K657
#35Wisconsin-MadisonMadison, WI
$52.4 K4$65 K$155 K$84 K680
#36Utah (Eccles)Salt Lake City, UT
$52.2 K3.8$48 K$125 K$60 K650
#37Pittsburgh (Katz)Pittsburgh, PA
$52.1 K3.6$40 K$115 K$67 K640
#38
Arizona State (Carey)
Tempe, AZ
$50.8 K4.1$50 K$125 K$97 K700
#39
Boston (Questrom)
Boston, MA
$50.3 K4.1$55 K$134 K$111 K690
#40
Purdue (Krannert)
West Lafayette, IN
$49.4 K4.1$47 K$127K$85 K633
#41Ohio State (Fisher)Columbus, OH
$49.1 K
4.1$55 K$137 K$107 K685
#42Rochester (Simon)Rochester, NY
$45.7 K
4$46 K$126 K$94 K670
#43UC Irvine (Merage)Irvine, CA
$45.6 K
4.1$50 K$130 K$107 K680
#44William & Mary (Mason)Williamsburg, VA
$45.3 K3.9$44 K$120 K$93 K620
#45SMU (Cox)Dallas, TX$45.2 K4.1$58 K$142 K$106 K650
#46Texas-Dallas (Jindal)Dallas, TX$45 K4.2$54 K$141 K$112 K650
#47Maryland (Smith)College Park, MD
$42.8 K
4.2$47 K$138 K$110 K635
#48Georgia (Terry)Athens, GA
$42.7 K3.9$48 K$108 K$69 K680
#49
Buffalo
Buffalo, NY
$40.5 K3.7$25 K$86 K$57 K595
#50Alabama (Manderson)Tuscaloosa, AL
$39 K3.9$30 K$93 K$66 K650

We hope this article helps you in your school selection process. Rankings though an important consideration should not be the only data point you look at while selecting business schools. Read our article on how to select business schools to understand the other factors to evaluate when selecting business schools.

If you have any other questions, please write to us at acethegmat@e-gmat.com.

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