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What are the Ivy League Schools? Do they offer MBA?

What are the Ivy League Schools? Do they offer MBA?
A 7 min read

The term “Ivy League” is most commonly used to describe some of the most prestigious higher education universities in the United States. There are eight Ivy League schools that are primarily located in the Northeastern part of the US. But how are they different from M7 business schools?

Known for their academic rigor and highly selective admissions, the reason behind grouping eight schools as Ivy league is quite surprising. Here is the list of Ivy League schools/universities:

  1. Columbia University
  2. Cornell University
  3. Brown University
  4. Harvard University
  5. Dartmouth College
  6. Princeton University
  7. University of Pennsylvania
  8. Yale University

In this article, we look at whether these universities offer an MBA program, and if they do, what is their program rankings, career outcomes, cost, and scholarship options.

Ivy League Schools

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Ivy League Schools 

The Ivy League is an American intercollegiate athletic conference of which eight schools are part, and more than 8,000 student-athletes compete each year.

These eight schools share a rich history of success and influence in college athletics, dating back to the origins of intercollegiate competitions.

Let us look at the MBA programs these eight schools offer. The table below represents the Ivy League schools with their MBA Class size 2024, duration, cost, and average GMAT score and salary:

Ivy League schoolsMBA Class Size Duration Average GMAT Score Incoming ClassLocation Average Salary Base Salary (Class 2022) MBA Cost of attendance (1 year)
Columbia University – Columbia Business School 8442 years729New York$150,000 $81,374
Cornell University – Johnson College of Business3032 Years710Ithaca$155,048$87,606
Brown University – IE Business School Executive MBA3015 MonthsNAProvidenceNA$141,500 (15 months)
Harvard University- Harvard Business School10152 years730Cambridge$175,000 $81,374
Dartmouth College – Tuck 2872 years726Hanover$150,000$87,612
Princeton UniversityDoes not have an MBA Program
University of Pennsylvania – Wharton School of Business8562 years732Philadelphia$175,000$95,681
Yale University – SoM3502 years723New Haven$160,000$82,700

From the table above, six out of eight schools offer a full-time MBA program, which is for two-years.

Brown University offers an Executive MBA joint degree with IE Business school. The program format is for 15 months of online and face-to-face learning. IE Brown Executive MBA is for mid-career professionals that integrates an innovative management curriculum with liberal arts and humanities.

On the other hand, Princeton University does not offer an MBA program and is more focused on its undergraduate degrees.

In this article, we cover only those business schools that offer a full-time MBA program. 

Cost of Ivy League Schools MBA Program

Amongst the six business schools that offer a full-time MBA program, Wharton and Harvard MBA graduates 2022 earned the highest average base salary of $175,000.

The cost of Ivy League schools MBA program can range from $81,000 – $96,000 per year, whereas the MBA salary, can range from $150,000-$175,000.

Ivy League Business School Average SalaryCost of Attendance (1 year)
Harvard Business School$175,000 $81,374
Columbia Business School$150,000$81,374
Wharton Business School$175,000$95,681
Johnson College of Business$155,048$87,606
Yale SoM$160,000$82,700
Dartmouth Tuck$150,000$87,612

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Here is an article on how to get into top business schools like Harvard and Wharton.

GMAT Score for MBA program

The average GMAT score for the six ivy league schools that offer a full-time MBA program is between 710-732.

When it comes to class size, we see three business schools – Wharton, Harvard, and Columbia have more than 700 MBA cohorts. Whereas Dartmouth Tuck MBA and Cornell Johnson MBA programs have almost similar class sizes.

Here is a list of articles that will help you determine a good GMAT score for:

Ivy league schools rankings 

Ivy League schools ranking mba programs

In this section, we look at the full-time MBA program ranking at Ivy League schools. Only six b-schools are included in the list, as Brown and Princeton University does not offer a full-time MBA program.

Wharton Business School ranks #1 in US News ranking 2023, and Columbia Business School ranks #1 in FT Global MBA.

Full-Time MBA ProgramUS News 2023FT Global Ranking 2023Average Ranking
Harvard Business School544.5
Columbia Business School814.5
Wharton Business School1NA1
Johnson College of Business15811.5
Yale SoM7108.5
Dartmouth Tuck111513

Read this article to know the business school ranking significance and Methodology.

Based on the average ranking, we can rank these business schools as:

Ivy League Schools ranking for MBA program
1.Wharton Business School
2.Harvard Business School
3.Columbia Business School
4.Yale SoM
5.Johnson College of Business
6.Dartmouth Tuck

Career Outcome: Full-Time MBA 

In this section, we look at the percentage of MBA graduates in 2022 employed in various industries for the six business schools.

Business School Career OutcomeAverage SalarySinging BonusMajority of MBA Class placed in Industry
Wharton Business School$175,000NAFinancial Services
Harvard Business School$175,000$30,000Financial Services
Columbia Business School$150,000$30,000Financial Services
Yale SoM$160,000$30,000Financial Services
Dartmouth Tuck$175,000$30,000Financial Services
Johnson Cornell$155,048$38,310Financial Services

Here are the best business schools for Consulting, Finance, Human Resource, Business Analytics, Operations, Entrepreneurship, EnergyMarketing, and Supply Chain Management.

Wharton Business School – Employment by Industry

Harvard Business School - Employment Report by Industry

Yale SoM - Employment by Industry

Dartmouth Tuck - Employment by Industry MBA

Cornell Johnson MBA - Employment by Industry

To get admission into the above mentioned business school, you need a good GMAT score. Start your GMAT Preparation by signing up for our FREE Trial today! We are the most reviewed GMAT Preparation company with more than 2500+ reviews on GMATClub.

Acceptance Rate

Getting into these six business schools is tough, which is evident from the acceptance rate. The acceptance rate is the ratio of the number of admissions offers made by the business school and the total number of applications.

Harvard MBA has the lowest acceptance rate at 9.90%, followed by Columbia at 16.50%, and Yale SoM at 17.40%.

The below table presents the acceptance rate for the full-time MBA class of 2019:

Ivy League Schools – MBA programAcceptance Rate
Wharton Business School19.20%
Harvard Business School9.90%
Yale SoM17.40%
Columbia Business School16.50%
Dartmouth Tuck23%
Johnson Cornell29.90%

Check out the acceptance rate for other top business schools here.

Scholarships Available

There are various types of MBA scholarships that are offered to Indian, International, and other students at Ivy League schools such as Merit-based, Need-based, Diversity, and Gender-based, External scholarships. However, the type and the amount of scholarship can differ from each business school.

Harvard MBA Scholarships are offered based on financial need, and they do not offer merit-based scholarships. It is a gift that does not need to be paid back, and nearly 50% of the class receives it. The average need-based scholarship amount for the Harvard MBA program is $40,000 per year or $80,000 in total.

Check out the other types of financial aid offered at Harvard Business School.

On the other hand, Yale SoM, Cornell Johnson, Columbia, and Dartmouth Tuck provides merit-based scholarships to its students.

For example, Tuck admissions and financial aid officer awards scholarships to incoming students who will significantly contribute to Tuck’s distinctly immersive learning community. It offers scholarships to enroll outstanding students who lack funding to come to Tuck School of Business. The average scholarship amount at Tuck is $26,415.

Fellowship programs and Other Aid

Many fellowship programs are also offered to students. For example, the Wharton MBA program provides a broad range of fellowship opportunities based on your application for admissions. Criteria for fellowship includes your academic achievements, community involvement, professional development, and personal qualities and background. Here is the link for Wharton fellowship programs.

Learn more about the types of other financial aid available and how to get a scholarship for an MBA.

Apart from need-based and merit-based scholarships, there are gender-based and external scholarships that are also offered.

Click on the link below to go to the official scholarship and Financial Aid page of the business school: Wharton MBA Financial Aid, Dartmouth Tuck MBA Scholarships, Harvard Business School MBA Scholarships, Yale SoM, Columbia Business School, and Johnson Cornell.

To get admission into an Ivy League business school, you need a good GMAT score. Start your GMAT Preparation by signing up for our FREE Trial today! We are the most reviewed GMAT Preparation company with more than 2500 reviews on GMATClub.

Ivy League Schools vs. M7 business schools

Ivy league schools vs. M7 business schools

One of the key differences between an Ivy league and M7 business school is the way they have been grouped.

The reason behind grouping eight schools as Ivy league schools is because of the internal rivalries between them over sports. For example, Harvard and Cornell have been hockey rivals for many years. Similarly, Harvard and Penn have been football rivals.

Apart from sports, these eight Business schools have other rivalries. Most of the time, these rivalries are arguments in terms of which school offers the most prestigious scholarships, the famous graduates that have come from each school, and which school is more exclusive than others.

On the other hand, years ago, the dean of the seven most influential private business schools got together to create an informal network known as M7. At their biannual private sessions, the seven business schools rotate hosting duties, discuss best practices, trade gossip, and whatever topical issues end up on the agenda.

Harvard, Columbia, and Wharton business schools are included in both Ivy school and M7 b-school list. However, Chicago Booth, Northwestern Kellogg, MIT Sloan, and Stanford GSB are not included in the list.

Another thing to note is that Ivy league schools consist of eight elite schools, out of which only seven offer an MBA program. 

Ivy League Business Schools M7 Business Schools
Harvard Business School
Columbia Business School
Wharton Business School
Johnson College of BusinessChicago Booth
IE Brown Executive MBAMIT Sloan
Yale SoMStanford GSB
Dartmouth TuckNorthwestern Kellogg

Check out in detail our article on M7 Business schools and their significance.

FAQs - Ivy League Schools

How many Ivy League schools are there?

There are eight elite schools that are grouped as Ivy League schools.

Is it hard to get into an MBA program at the Ivy league schools?

Yes. The average acceptance rate for Ivy League schools full time MBA program is 19.31%.

Is Harvard University an Ivy League school?

Yes. Harvard University is an Ivy League school.
Check out how to get into Harvard business school.

What is the average score required to get into Ivy League business schools?

The average GMAT score for the six Ivy league business schools that offer a full-time MBA program is between 710 - 732.

Is Stanford University an Ivy League School?

No. Stanford University is not an Ivy League school because it is not a member of the Ivy League.
Here is a guideline on how to get into Stanford.

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