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

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 North-eastern 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

Here is the outline of the article:

Ivy League Schools 

The Ivy League is an American intercollegiate athletic conference of which eight schools are part of, and more than 8,000 students-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 have a look at the MBA programs that these eight schools offer. The table below represents the Ivy League schools with their MBA Class size 2021, duration, cost, and average GMAT score and salary:

Ivy League schools MBA Class Size Duration Average GMAT Score Incoming Class Location Average Salary Base Salary

 

 

 

(Class 2019)

MBA Cost
Columbia University – Columbia Business School  745 2 years 727

 

 

 

 

New York $135,000

 

 

 

 

$2,28,438

 

 

 

 

Cornell University – Johnson College of Business 282 2 Years 696

 

 

 

 

Ithaca $131,150 $199,520
Brown University – IE Business School Executive MBA 30 15 Months NA Providence NA $135,000
Harvard University- Harvard Business School 938 2 years 730 Cambridge $135,000

 

 

 

 

$2,25,204

 

 

 

 

Dartmouth College – Tuck  284 2 years 723 Hanover $140,000 $224,000
Princeton University Does not have an MBA Program
University of Pennsylvania – Wharton School of Business 856 2 years 732 Philadelphia $150,000 $2,23,390

 

 

 

 

Yale University – SoM 345 2 years 720 New Haven $127,100 (2018) 2,11,600

 

 

 

 

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 1950 reviews on GMATClub.

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 MBA graduates 2019 earned the highest average base salary of $150,000. Besides, the cost of an MBA at Wharton is comparatively lower than Columbia MBA and Harvard MBA programs.

The cost of Ivy League schools MBA program can range from $127,100 – $150,000, whereas the MBA salary, can range from $199,520-$228,438.

Ivy League Business School  MBA Cost Average Salary
Harvard Business School $135,000 $2,25,204
Columbia Business School $135,000 $2,28,438
Wharton Business School $150,000 $2,23,390
Johnson College of Business $131,150 $199,520
Yale SoM $127,100 2,11,600
Dartmouth Tuck $140,000 $224,000

 

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 696-730.

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

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 #2 in FT Global MBA and US News ranking 2020. Similarly, Columbia business school ranks #8.

Full-Time MBA Program US News 2020 FT Global Ranking 2020 Average Ranking
Harvard Business School 6 1 3.5
Columbia Business School 8 8 8
Wharton Business School 2 2 2
Johnson College of Business 15 23 26.5
Yale SoM 9 14 11.5
Dartmouth Tuck 12 16 14

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. Dartmouth Tuck
6. Johnson College of Business

Career Outcome: Full-Time MBA 

In this section, we look at the percentage of MBA graduates in 2019 employed in various industries for the six business schools.

Business School Career Outcome Average Salary Singing Bonus Majority of MBA Class placed in Industry
Wharton Business School $150,000 $30,000 Financial Services
Harvard Business School $148,750 $30,000 Financial Services
Columbia Business School $150,000 NA Financial Services
Yale SoM $130,000 $20,000 Consulting
Dartmouth Tuck $140,000 $30,000 Consulting
Johnson Cornell $131,150 $35,976 Financial Services

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

 

 

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 1950 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 program Acceptance Rate
Wharton Business School 19.20%
Harvard Business School 9.90%
Yale SoM 17.40%
Columbia Business School 16.50%
Dartmouth Tuck 23%
Johnson Cornell 29.90%

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 1950 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 Business Chicago Booth
IE Brown Executive MBA MIT Sloan
Yale SoM Stanford GSB
Dartmouth Tuck Northwestern 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 696 – 730.

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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