Last week, US News & World report released the 2018 Best Graduate Schools rankings. US News rankings are designed to help prospective students research programs across six disciplines (business, education, engineering, law, medicine, and nursing) and evaluate the potential return on their investment. Harvard Business School has retained its #1 position for the third consecutive year. Wharton climbs three spots to tie with HBS in this year’s business school rankings.
Here's a look at the top ten full time MBA programs 2018 as ranked by U.S. News:
#1. Harvard Business School (tie)
#1. The Wharton School of the University of Pennsylvania (tie)
#3. The University of Chicago Booth School of Business
#4. MIT Sloan School of Management (tie)
#4. Northwestern University Kellogg School of Management (tie)
#4. Stanford Graduate School of Business (tie)
#7. University of California Berkeley (Haas)
#8. Dartmouth College (Tuck)
#9. Columbia University (tie)
#9. Yale University (tie)
Here are the key take aways:
- Harvard Business School and the University of Pennsylvania’s Wharton School have tied for the No. 1 program in the country.
- The University Of Chicago Booth School Of Business holds the No. 3 spot.
- The Stanford Graduate School of Business drops from last year’s second place and now shares fourth place with MIT Sloan School of Management and North Western’s Kellogg School of Management.
- Dartmouth Tuck retains its #8 position but shares it with Yale.
- UC Berkeley Haas retains its #8 position.
Here is a look at the top 10 part-time MBA programs of 2018 as ranked by U.S. News
#1. University of California- Berkeley (Haas)
#2. University of Chicago (Booth)
#3. New York University (Stern) Tie
#3. University of California- Anderson -Tie
#5. Northwestern University (Kellogg)
#6. University of Michigan- Ann Arbor (Ross)
#7. Temple University (Fox) Tie
#7. Virginia Tech (Pamplin) Tie
#9. Ohio State University (Fisher)
#10. University of Texas- Austin (McCombs)
Here are the key take aways:
- The UC Berkeley Haas School of Business once again retains the top spot.
- Chicago’s Booth School of Business also retains its No. 2 position.
- The NYU Stern School of Business and UCLA Anderson School of Management tie at third place.
- Northwestern School of Management, Kellogg drops to #5
How are MBA programs ranked? Ranking methodologies vary across disciplines because each graduate program is different. U.S. News explains that for business, they use starting salaries and the ability of new MBAs to find jobs upon graduation or three months later. For more details on the ranking methodology of U.S News, click here.
How important these rankings are? When selecting schools, of course, prestige is important. If you can get into a top ranked program then you should definitely go. However, since the rankings keep changing every year, the difference between a school that ranks #8 and the one that ranks #10 is not really important. When rankings are so similar, you should definitely put ‘fit’ before rank.
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This blog post first appeared in myEssayReview blog.