Daniel Acker/BloombergColumbia University's MBA program ranks third in Ready4's ranking of the business schools where students most want to go.
The debate about whether business school pays off continues, and total MBA applications were down in 2017 for the third consecutive year in America. But interest in the top schools continues to grow. Ready4, a Boston-based company that creates test prep apps, released its third annual list of the most desired business schools around the world. It gathered the preferences of more than 200,000 current and prospective MBA students.
To see the top 10 schools in the Americas, open the gallery below. For the full list of 25, go to the end of this article. And for Forbes’ separate list of the best business schools in America — a ranking based on MBAs’ earnings in their first five years out of school — go here.
On Ready4’s list, Harvard and Stanford hold onto their number-one and two spots from last year. Stanford has the lowest acceptance rate in the country, although its MBA class size of 418 students was less than half Harvard’s 928, so students hoping to land in Palo Alto compete for fewer slots.
Post-graduation, 28% of Harvard’s 2016 MBAs went into finance, down from 31% the year prior. A quarter chose consulting, and roughly 20% went into technology. Unsurprisingly, Stanford sent a higher proportion of its graduates to tech firms, with one-third taking that path. But it also shipped more students to financial firms than Harvard, at 31%. Consulting is a less popular choice among Stanford MBAs, drawing just 16% of students.
Schools' websitesIndustry employment of the top-three ranked schools.
Columbia ranks third on Ready4’s list, leaping three spots from last year and bumping Wharton to fourth place. At Columbia, finance and consulting dominate students’ interest, employing a combined 72% of MBAs. The top five companies hiring the 2016 Columbia Business School class were McKinsey, Bain, Boston Consulting Group, PwC Strategy& and Deloitte. Goldman, Morgan Stanley, Citi and JPMorgan also made the top 10.
Among the top three schools, annual tuition hovers around $70,000 per year, with total annual costs of about $110,000. For outgoing graduates, first-year median compensation ranges from $175,000 to $202,000, with Stanford grads taking home the biggest paychecks.
Ready4 also created rankings for Europe and Asia. Across the pond, INSEAD, London Business School and the London School of Economics took the top three spots. In Asia, the Indian School of Business, the Indian Institute of Management Bangalore and the National University of Singapore made the top five.
Full List: The Business Schools Where Students Most Want To Go In 2017
1. Harvard University
2. Stanford University
3. Columbia University
4. University of Pennsylvania (Wharton)
5. Massachusetts Institute of Technology (Sloan)
6. New York University
7. University of California - Berkeley
8. University of Chicago
9. Northwestern University
10. Yale University
11. University of Toronto
12. Duke University
13. University of California - Los Angeles
14. Cornell University
15. University of Michigan - Ann Arbor
16. University of Texas - Austin
17. Dartmouth College
18. The University of North Carolina at Chapel Hill
19. University of British Columbia
20. University of Southern California
21. Carnegie Mellon University
22. York University
23. American University
24. Boston College
25. Syracuse University
">Daniel Acker/BloombergColumbia University's MBA program ranks third in Ready4's ranking of the business schools where students most want to go.
The debate about whether business school pays off continues, and total MBA applications were down in 2017 for the third consecutive year in America. But interest in the top schools continues to grow. Ready4, a Boston-based company that creates test prep apps, released its third annual list of the most desired business schools around the world. It gathered the preferences of more than 200,000 current and prospective MBA students.
To see the top 10 schools in the Americas, open the gallery below. For the full list of 25, go to the end of this article. And for Forbes’ separate list of the best business schools in America — a ranking based on MBAs’ earnings in their first five years out of school — go here.
On Ready4’s list, Harvard and Stanford hold onto their number-one and two spots from last year. Stanford has the lowest acceptance rate in the country, although its MBA class size of 418 students was less than half Harvard’s 928, so students hoping to land in Palo Alto compete for fewer slots.
Post-graduation, 28% of Harvard’s 2016 MBAs went into finance, down from 31% the year prior. A quarter chose consulting, and roughly 20% went into technology. Unsurprisingly, Stanford sent a higher proportion of its graduates to tech firms, with one-third taking that path. But it also shipped more students to financial firms than Harvard, at 31%. Consulting is a less popular choice among Stanford MBAs, drawing just 16% of students.
Schools' websitesIndustry employment of the top-three ranked schools.
Columbia ranks third on Ready4’s list, leaping three spots from last year and bumping Wharton to fourth place. At Columbia, finance and consulting dominate students’ interest, employing a combined 72% of MBAs. The top five companies hiring the 2016 Columbia Business School class were McKinsey, Bain, Boston Consulting Group, PwC Strategy& and Deloitte. Goldman, Morgan Stanley, Citi and JPMorgan also made the top 10.
Among the top three schools, annual tuition hovers around $70,000 per year, with total annual costs of about $110,000. For outgoing graduates, first-year median compensation ranges from $175,000 to $202,000, with Stanford grads taking home the biggest paychecks.
Ready4 also created rankings for Europe and Asia. Across the pond, INSEAD, London Business School and the London School of Economics took the top three spots. In Asia, the Indian School of Business, the Indian Institute of Management Bangalore and the National University of Singapore made the top five.
Full List: The Business Schools Where Students Most Want To Go In 2017
1. Harvard University
2. Stanford University
3. Columbia University
4. University of Pennsylvania (Wharton)
5. Massachusetts Institute of Technology (Sloan)
6. New York University
7. University of California - Berkeley
8. University of Chicago
9. Northwestern University
10. Yale University
11. University of Toronto
12. Duke University
13. University of California - Los Angeles
14. Cornell University
15. University of Michigan - Ann Arbor
16. University of Texas - Austin
17. Dartmouth College
18. The University of North Carolina at Chapel Hill
19. University of British Columbia
20. University of Southern California
21. Carnegie Mellon University
22. York University
23. American University
24. Boston College
25. Syracuse University
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