Many students apply to grad school believing that another degree will improve their professional options and salaries. According to the Bureau of Labor Statistics (BLS)’s employment forecast published in the summer of 2018, they may be right. The BLS forecast the jobs in master’s-level professions would rise by close to 17% between 2016-2026, and jobs in doctorate-level and professional-level occupations would go up by approximately 13%.
If you’re thinking about applying to b-school, using the data in the U.S. News 2020 MBA rankings may be a good place to start your research and get an idea of your competitiveness for your target programs.
U.S. News 2020 MBA ranking methodology
U.S. News bases its MBA ranking on expert judgements about program excellence and statistical information that attempts to measure the quality of a school’s faculty, research, and students. Peer assessment data was garnered from deans, program directors, and senior faculty. They were requested to evaluate the quality of programs in their field on a scale of 1-5, with 1 being marginal and 5 being outstanding. This year, U.S. News added the GRE analytical writing score into both the full-time and part-time MBA ranking methodologies. Prior to this ranking, only the GRE quantitative and verbal scores were utilized.
U.S. News MBA rankings: Top 20 full-time business schools
| 2020 Rank | School | 2019 Rank | City, State | ||
|---|---|---|---|---|---|
| 1 | University of Pennsylvania (Wharton) | 3 | Philadelphia, PA | ||
| 2 | Stanford University | 4 | Stanford, CA | ||
| 3 | Harvard University | 1 | Boston, MA | ||
| 3 | Massachusetts Institute of Technology (Sloan) | 5 | Cambridge, MA | ||
| 3 | University of Chicago (Booth) | 1 | Chicago, IL | ||
| 6 | Columbia University | 9 | New York, NY | ||
| 6 | Northwestern University (Kellogg) | 6 | Evanston, IL | ||
| 6 | University of California - Berkeley (Haas) | 7 | Berkeley, CA | ||
| 9 | Yale University | 11 | New Haven, CT | ||
| 10 | Duke University (Fuqua) | 11 | Durham, NC | ||
| 10 | University of Michigan - Ann Arbor (Ross) | 7 | Ann Arbor, MI | ||
| 12 | Dartmouth College (Tuck) | 10 | Hanover, NH | ||
| 12 | New York University (Stern) | 13 | New York, NY | ||
| 12 | University of Virginia (Darden) | 13 | Charlottesville, VA | ||
| 15 | Cornell University (Johnson) | 15 | Ithaca, NY | ||
| 16 | University of California - Los Angeles (Anderson) | 16 | Los Angeles, CA | ||
| 17 | Carnegie Mellon University (Tepper) | 17 | Pittsburgh, PA | ||
| 17 | University of Southern California (Marshall) | 20 | Los Angeles, CA | ||
| 19 | University of North Carolina - Chapel Hill (Kenan-Flagler) | 19 | Chapel Hill, NC | ||
| 19 | University of Texas - Austin (McCombs) | 17 | Austin, TX |
U.S. News MBA rankings: Top 20 part-time business schools
| Rank | School | City, State |
|---|---|---|
| 1 | University of Chicago (Booth) | Chicago, IL |
| 2 | University of California - Berkeley (Haas) | Berkeley, CA |
| 3 | Northwestern University (Kellogg) | Evanston, IL |
| 4 | New York University (Stern) | New York, NY |
| 5 | University of California - Los Angeles (Anderson) | Los Angeles, CA |
| 6 | University of Michigan - Ann Arbor (Ross) | Ann Arbor, MI |
| 7 | University of Minnesota - Twin Cities (Carlson) | Minneapolis, MN |
| 8 | University of Texas - Austin (McCombs) | Austin, TX |
| 9 | Carnegie Mellon University (Tepper) | Pittsburgh, PA |
| 9 | Emory University (Goizueta) | Atlanta, GA |
| 9 | Indiana University (Kelley) | Bloomington, IN |
| 12 | Georgetown University (McDonough) | Washington, DC |
| 12 | University of Washington (Foster) | Seattle, WA |
| 14 | Ohio State University (Fisher) | Columbus, OH |
| 14 | University of Southern California (Marshall) | Los Angeles, CA |
| 14 | Virginia Tech (Pamplin) | Blacksburg, VA |
| 17 | Georgia Institute of Technology (Scheller) | Atlanta, GA |
| 17 | Rice University (Jones) | Houston, TX |
| 17 | University of Massachusetts - Amherst (Isenberg) | Amherst, MA |
| 17 | University of Texas - Dallas | Richardson, TX |
Get accepted to your dream school
Looking for more information on how to use these rankings to determine the best MBA programs for you to apply to? Need advice on how to measure your competitiveness relative to other applicants at your target schools?
Get in touch – our expert advisors are ready to guide your through the business school admissions process from start to finish. View our MBA Application Services for more information on how we can help you get ACCEPTED.
Related Resources:
• Best MBA Programs: A Guide to Selecting the Right One, a free guide
• Top 10 or Bust: Dispelling 2 MBA Myths
• Harvard, Stanford, Wharton: What’s the Difference?, a short video
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