The Best Traditional MBA Programs Ranked for Students in 2024

Badge for BEST IN BUSINESS TRADITIONAL MBA PROGRAMS

Find the best Master of Business Administration (MBA) degree programs, perfect for students interested in advancing their careers in accounting, finance, human resources, organizational administration, and more.

Top 10 Best Traditional MBA Programs Ranked for Students in 2024

  1. Harvard University
    • #2 Most Desirable School
  2. University of California, Berkeley
    • #29 Most Desirable School
  3. Columbia University
    • #6 Most Desirable School
  4. University of Chicago
    • #8 Most Desirable School
  5. Stanford University
    • #1 Most Desirable School
  6. Massachusetts Institute of Technology
    • #3 Most Desirable School
  7. University of Michigan
    • #37 Most Desirable School
  8. Cornell University
    • #14 Most Desirable School
  9. University of Pennsylvania
    • #10 Most Desirable School
  10. New York University
    • #44 Most Desirable School

Key Takeaways

  • The MBA is the most popular graduate degree due to its versatility and the opportunities it provides for career advancement.

  • The best on campus MBA programs will offer a combination of academic excellence, prestige, and influence.

  • We rank the best MBA programs based on the real-world impact of professors, students and alumni.

See our complete guide to MBAs for more information.

50 Best On-Campus MBA Degree Programs

If you prefer the more experiential learning approach that comes with a traditional on-campus business school education, read on for a look at the best business schools for earning your MBA...

  1. #1

    Harvard University

    Cambridge , MA
    Other Rankings

    Tuition + fees

    $57K

    Acceptance

    3%

    Graduation

    98%

    Student body

    39K

    Median SAT/ACT

    1535/35

    Career Outlook for MBA degree at Harvard University

    Cost of Degree: $55,440
    Expenses: $27,629
    Starting Salary: $205,175
    Salary after 4 years: $232,979
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
  2. Other Rankings

    Tuition + fees

    $14K

    Acceptance

    11%

    Graduation

    94%

    Student body

    48K

    Career Outlook for MBA degree at University of California, Berkeley

    Cost of Degree: $15,261
    Expenses: $30,203
    Starting Salary: $133,376
    Salary after 4 years: $151,977
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  3. #3

    Columbia University

    New York , NY
    Other Rankings

    Tuition + fees

    $66K

    Acceptance

    4%

    Graduation

    95%

    Student body

    37K

    Median SAT/ACT

    1535/34

    Career Outlook for MBA degree at Columbia University

    Cost of Degree: $56,279
    Expenses: $20,542
    Starting Salary: $170,512
    Salary after 4 years: $193,619
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
  4. #4

    University of Chicago

    Chicago , IL
    Other Rankings

    Tuition + fees

    $64K

    Acceptance

    5%

    Graduation

    96%

    Student body

    21K

    Median SAT/ACT

    1540/34

    Career Outlook for MBA degree at University of Chicago

    Cost of Degree: $66,543
    Expenses: $23,421
    Starting Salary: $151,927
    Salary after 4 years: $172,515
    Cost Recoup Time: 6 years
    Paid back at 15% of annual salary
  5. #5

    Stanford University

    Stanford , CA
    Other Rankings

    Tuition + fees

    $58K

    Acceptance

    4%

    Graduation

    95%

    Student body

    20K

    Median SAT/ACT

    1540/34

    Career Outlook for MBA degree at Stanford University

    Cost of Degree: $59,499
    Expenses: $25,349
    Starting Salary: $208,420
    Salary after 4 years: $236,664
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
  6. Other Rankings

    Tuition + fees

    $58K

    Acceptance

    4%

    Graduation

    95%

    Student body

    13K

    Median SAT/ACT

    1555/35

    Career Outlook for MBA degree at Massachusetts Institute of Technology

    Cost of Degree: $63,393
    Expenses: $22,574
    Starting Salary: $226,563
    Salary after 4 years: $257,265
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
  7. #7

    University of Michigan

    Ann Arbor , MI
    Other Rankings

    Tuition + fees

    $18K

    Acceptance

    18%

    Graduation

    93%

    Student body

    52K

    Median SAT/ACT

    1440/32

    Career Outlook for MBA degree at University of Michigan

    Cost of Degree: $27,524
    Expenses: $17,554
    Starting Salary: $133,376
    Salary after 4 years: $151,977
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  8. #8

    Cornell University

    Ithaca , NY
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    7%

    Graduation

    95%

    Student body

    26K

    Median SAT/ACT

    1520/34

    Career Outlook for MBA degree at Cornell University

    Cost of Degree: $30,085
    Expenses: $22,126
    Starting Salary: $149,272
    Salary after 4 years: $169,500
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  9. #9

    University of Pennsylvania

    Philadelphia , PA
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    7%

    Graduation

    96%

    Student body

    33K

    Median SAT/ACT

    1535/34

    Career Outlook for MBA degree at University of Pennsylvania

    Cost of Degree: $46,034
    Expenses: $22,924
    Starting Salary: $194,112
    Salary after 4 years: $220,417
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  10. #10

    New York University

    New York , NY
    Other Rankings

    Tuition + fees

    $58K

    Acceptance

    12%

    Graduation

    87%

    Student body

    65K

    Median SAT/ACT

    1520/34

    Career Outlook for MBA degree at New York University

    Cost of Degree: $41,124
    Expenses: $27,314
    Starting Salary: $115,936
    Salary after 4 years: $131,647
    Cost Recoup Time: 6 years
    Paid back at 15% of annual salary
  11. #11

    Johns Hopkins University

    Baltimore , MD
    Other Rankings

    Tuition + fees

    $60K

    Acceptance

    7%

    Graduation

    94%

    Student body

    40K

    Median SAT/ACT

    1545/34

    Career Outlook for MBA degree at Johns Hopkins University

    Cost of Degree: $65,956
    Expenses: $22,725
    Starting Salary: $131,719
    Salary after 4 years: $149,569
    Cost Recoup Time: 7 years
    Paid back at 15% of annual salary
  12. Other Rankings

    Tuition + fees

    $13K

    Acceptance

    9%

    Graduation

    92%

    Student body

    49K

    Career Outlook for MBA degree at University of California, Los Angeles

    Cost of Degree: $13,883
    Expenses: $24,284
    Starting Salary: $123,584
    Salary after 4 years: $140,819
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  13. Other Rankings

    Tuition + fees

    $12K

    Acceptance

    48%

    Graduation

    84%

    Student body

    58K

    Career Outlook for MBA degree at University of Washington

    Cost of Degree: $18,633
    Expenses: $21,909
    Starting Salary: $117,506
    Salary after 4 years: $133,894
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  14. #14

    University of Minnesota

    Minneapolis , MN
    Other Rankings

    Tuition + fees

    $16K

    Acceptance

    75%

    Graduation

    84%

    Student body

    61K

    Median SAT/ACT

    1395/29

    Career Outlook for MBA degree at University of Minnesota

    Cost of Degree: $21,091
    Expenses: $16,378
    Starting Salary: $103,324
    Salary after 4 years: $117,734
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  15. Other Rankings

    Tuition + fees

    $11K

    Acceptance

    49%

    Graduation

    89%

    Student body

    51K

    Median SAT/ACT

    1425/29

    Career Outlook for MBA degree at University of Wisconsin–Madison

    Cost of Degree: $12,289
    Expenses: $17,700
    Starting Salary: $114,805
    Salary after 4 years: $130,816
    Cost Recoup Time: 3 years
    Paid back at 15% of annual salary
  16. #16

    Duke University

    Durham , NC
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    6%

    Graduation

    97%

    Student body

    18K

    Median SAT/ACT

    1530/34

    Career Outlook for MBA degree at Duke University

    Cost of Degree: $63,985
    Expenses: $21,267
    Starting Salary: $168,890
    Salary after 4 years: $191,777
    Cost Recoup Time: 6 years
    Paid back at 15% of annual salary
  17. Other Rankings

    Tuition + fees

    $65K

    Acceptance

    12%

    Graduation

    92%

    Student body

    54K

    Median SAT/ACT

    1500/33

    Career Outlook for MBA degree at University of Southern California

    Cost of Degree: $68,128
    Expenses: $22,216
    Starting Salary: $130,982
    Salary after 4 years: $148,732
    Cost Recoup Time: 7 years
    Paid back at 15% of annual salary
  18. Other Rankings

    Tuition + fees

    $12K

    Acceptance

    31%

    Graduation

    88%

    Student body

    55K

    Median SAT/ACT

    1365/29

    Career Outlook for MBA degree at University of Texas at Austin

    Cost of Degree: $12,012
    Expenses: $19,894
    Starting Salary: $124,766
    Salary after 4 years: $142,166
    Cost Recoup Time: 3 years
    Paid back at 15% of annual salary
  19. #19

    Northwestern University

    Evanston , IL
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    7%

    Graduation

    97%

    Student body

    27K

    Median SAT/ACT

    1530/34

    Career Outlook for MBA degree at Northwestern University

    Cost of Degree: $53,871
    Expenses: $25,293
    Starting Salary: $137,767
    Salary after 4 years: $156,436
    Cost Recoup Time: 6 years
    Paid back at 15% of annual salary
  20. #20

    Carnegie Mellon University

    Pittsburgh , PA
    Other Rankings

    Tuition + fees

    $61K

    Acceptance

    11%

    Graduation

    92%

    Student body

    16K

    Median SAT/ACT

    1530/34

    Career Outlook for MBA degree at Carnegie Mellon University

    Cost of Degree: $49,450
    Expenses: $19,868
    Starting Salary: $151,927
    Salary after 4 years: $172,515
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
  21. #21

    University of Virginia

    Charlottesville , VA
    Other Rankings

    Tuition + fees

    $21K

    Acceptance

    19%

    Graduation

    95%

    Student body

    29K

    Median SAT/ACT

    1470/33

    Career Outlook for MBA degree at University of Virginia

    Cost of Degree: $22,612
    Expenses: $18,940
    Starting Salary: $134,052
    Salary after 4 years: $152,746
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  22. #22

    Boston University

    Boston , MA
    Other Rankings

    Tuition + fees

    $62K

    Acceptance

    14%

    Graduation

    89%

    Student body

    44K

    Median SAT/ACT

    1425/32

    Career Outlook for MBA degree at Boston University

    Cost of Degree: $64,712
    Expenses: $21,195
    Starting Salary: $111,954
    Salary after 4 years: $127,125
    Cost Recoup Time: 8 years
    Paid back at 15% of annual salary

    Boston University’s Online Degrees

    BS in Undergrad Completion Program
    • Required Credits: 64
    • Completion Time: None Reported
    • Format: Online
  23. #23

    Georgetown University

    Washington , DC
    Other Rankings

    Tuition + fees

    $62K

    Acceptance

    12%

    Graduation

    96%

    Student body

    24K

    Median SAT/ACT

    1485/33

    Career Outlook for MBA degree at Georgetown University

    Cost of Degree: $59,306
    Expenses: $23,660
    Starting Salary: $184,672
    Salary after 4 years: $209,698
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
  24. Other Rankings

    Tuition + fees

    $11K

    Acceptance

    82%

    Graduation

    81%

    Student body

    59K

    Median SAT/ACT

    1290/29

    Career Outlook for MBA degree at Indiana University Bloomington

    Cost of Degree: $11,611
    Expenses: $17,110
    Starting Salary: $97,584
    Salary after 4 years: $111,193
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  25. #25

    University of Pittsburgh

    Pittsburgh , PA
    Other Rankings

    Tuition + fees

    $21K

    Acceptance

    49%

    Graduation

    84%

    Student body

    36K

    Median SAT/ACT

    1375/31

    Career Outlook for MBA degree at University of Pittsburgh

    Cost of Degree: $27,064
    Expenses: $16,922
    Starting Salary: $103,324
    Salary after 4 years: $117,734
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
  26. #26

    Dartmouth College

    Hanover , NH
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    6%

    Graduation

    95%

    Student body

    7K

    Median SAT/ACT

    1540/34

    Career Outlook for MBA degree at Dartmouth College

    Cost of Degree: $64,068
    Expenses: $22,054
    Starting Salary: $162,547
    Salary after 4 years: $184,574
    Cost Recoup Time: 6 years
    Paid back at 15% of annual salary
  27. #27

    Ohio State University

    Columbus , OH
    Other Rankings

    Tuition + fees

    $12K

    Acceptance

    53%

    Graduation

    88%

    Student body

    67K

    Median SAT/ACT

    1395/30

    Career Outlook for MBA degree at Ohio State University

    Cost of Degree: $13,497
    Expenses: $18,372
    Starting Salary: $90,493
    Salary after 4 years: $103,113
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  28. Other Rankings

    Tuition + fees

    $18K

    Acceptance

    45%

    Graduation

    85%

    Student body

    62K

    Median SAT/ACT

    1415/31

    Career Outlook for MBA degree at University of Illinois Urbana-Champaign

    Cost of Degree: $18,837
    Expenses: $17,638
    Starting Salary: $119,701
    Salary after 4 years: $136,395
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  29. #32

    University of Arizona

    Tucson , AZ
    Other Rankings

    Tuition + fees

    $13K

    Acceptance

    87%

    Graduation

    68%

    Student body

    54K

    Median SAT/ACT

    1255/25

    Career Outlook for MBA degree at University of Arizona

    Cost of Degree: $14,389
    Expenses: $19,500
    Starting Salary: $94,545
    Salary after 4 years: $107,731
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary

    University of Arizona’s Online Degrees

    BA in Africana Studies
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BAS in Administration of Justice
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Care, Health and Society
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Emergency Medical Services
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    Bachelor of Science in Business Administration in Accounting
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BAS in Cyber Operations
    Degree Concentrations
    • Engineering
    • Defense & Forensics
    • and Cyber Law & Policy
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in Communication
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BAS in Early Childhood
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    Bachelor of General Studies in Economy and Industry
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Environmental Science
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    Bachelor of General Studies, in Arts, Media and Entertainment
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    Bachelor of General Studies in Global and Intercultural Understanding
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in Global Media
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in Government and Public Service
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in Human Rights Practice
    • Required Credits: None Reported
    • Completion Time: None Reported
    • Format: Online
    BAS in Human Services
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Electrical and Computer Engineering
    • Required Credits: 128
    • Completion Time: None Reported
    • Format: Online
    BS in Business Administration
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Geographic Information Systems Technology (GIST)
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Literacy, Learning and Leadership
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in Information Science and ESociety
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BAS in Organizational Leadership
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in Psychology
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in Law
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in Political Science
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BAS in Regional Commerce
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BAS in Intelligence and Information Operations
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in History
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in Philosophy: Ethics
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    Bachelor of Science in Business Administration in Biology
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Nutritional Sciences
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in Spanish
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    Bachelor of General Studies in Sports and Society
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Public Health
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Sustainable Built Environments
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    Bachelor of General Studies in Social Behavior and Human Understanding
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
  30. #33

    Syracuse University

    Syracuse , NY
    Other Rankings

    Tuition + fees

    $60K

    Acceptance

    52%

    Graduation

    83%

    Student body

    37K

    Median SAT/ACT

    1345/30

    Career Outlook for MBA degree at Syracuse University

    Cost of Degree: $46,318
    Expenses: $22,086
    Starting Salary: $102,071
    Salary after 4 years: $115,903
    Cost Recoup Time: 7 years
    Paid back at 15% of annual salary

    Syracuse University’s Online Degrees

    BPS in Creative Leadership
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BPS in Knowledge Management
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BPS in Cybersecurity Administration
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
  31. #39

    Florida State University

    Tallahassee , FL
    Other Rankings

    Tuition + fees

    $7K

    Acceptance

    25%

    Graduation

    85%

    Student body

    51K

    Median SAT/ACT

    1290/28

    Career Outlook for MBA degree at Florida State University

    Cost of Degree: $11,553
    Expenses: $20,296
    Starting Salary: $91,000
    Salary after 4 years: $103,691
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary

    Florida State University’s Online Degrees

    BA in Computer Science
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Computer Science
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Criminology
    • Required Credits: 60
    • Completion Time: None Reported
    • Format: Online
    BS in Public Safety and Security
    • Required Credits: 60
    • Completion Time: None Reported
    • Format: Online
  32. Other Rankings

    Tuition + fees

    $12K

    Acceptance

    90%

    Graduation

    67%

    Student body

    85K

    Career Outlook for MBA degree at Arizona State University

    Cost of Degree: $13,389
    Expenses: $21,219
    Starting Salary: $93,701
    Salary after 4 years: $106,769
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary

    Arizona State University’s Online Degrees

    BA in Applied Science
    Degree Concentrations
    • Project Management
    • Health Sciences
    • Required Credits: 111-120
    • Completion Time: None Reported
    • Format: Online
    BA in Business
    Degree Concentrations
    • Communication
    • Sustainability
    • Required Credits: 114-120
    • Completion Time: None Reported
    • Format: Online
    BA in Educational Studies
    Degree Concentrations
    • Business
    • Community Health
    • Family and Human Development
    • Global Studies
    • Health Innovations
    • Personal Health
    • Political Science
    • Organizational Leadership
    • Required Credits: 114-120
    • Completion Time: None Reported
    • Format: Online
  33. #41

    Fordham University

    Bronx , NY
    Other Rankings

    Tuition + fees

    $58K

    Acceptance

    54%

    Graduation

    83%

    Student body

    19K

    Median SAT/ACT

    1400/31

    Career Outlook for MBA degree at Fordham University

    Cost of Degree: $25,954
    Expenses: $27,583
    Starting Salary: $98,826
    Salary after 4 years: $112,219
    Cost Recoup Time: 6 years
    Paid back at 15% of annual salary
  34. #42

    Tulane University

    New Orleans , LA
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    11%

    Graduation

    87%

    Student body

    15K

    Median SAT/ACT

    1440/32

    Career Outlook for MBA degree at Tulane University

    Cost of Degree: $66,046
    Expenses: $21,908
    Starting Salary: $127,294
    Salary after 4 years: $144,544
    Cost Recoup Time: 7 years
    Paid back at 15% of annual salary
  35. #48

    Baruch College

    New York , NY
    Other Rankings

    Tuition + fees

    $7K

    Acceptance

    50%

    Graduation

    74%

    Student body

    24K

    Career Outlook for MBA degree at Baruch College

    Cost of Degree: $11,452
    Expenses: $24,018
    Starting Salary: $107,376
    Salary after 4 years: $122,351
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
  36. #49

    Babson College

    Wellesley , MA
    Other Rankings

    Tuition + fees

    $55K

    Acceptance

    22%

    Graduation

    93%

    Student body

    4K

    Median SAT/ACT

    1430/31

    Career Outlook for MBA degree at Babson College

    Cost of Degree: $54,600
    Expenses: $24,160
    Starting Salary: $167,120
    Salary after 4 years: $189,767
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
  37. Other Rankings

    Tuition + fees

    $61K

    Acceptance

    12%

    Graduation

    94%

    Student body

    19K

    Median SAT/ACT

    1535/34

    Career Outlook for MBA degree at Washington University in St. Louis

    Cost of Degree: $62,366
    Expenses: $25,506
    Starting Salary: $129,654
    Salary after 4 years: $147,224
    Cost Recoup Time: 7 years
    Paid back at 15% of annual salary

    Washington University in St. Louis’s Online Degrees

    BS in Integrated Studies
    Degree Concentrations
    • Humanities
    • Social Science
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online

Career Outlook for Students with MBA Degree

Go to Degree Finder tool

Business Administration And Management

Degree Level: Master's

  • Location: The U.S. (Private Schools)
  • Avg. Cost of Degree*: $11,907
  • Avg. Expenses*: $17,637
  • Avg. Starting Salary*: $83,399
  • Avg. Salary after 4 Years*: $95,030
  • Avg. Cost Recoup Time**: 4 years
  • Job Growth: 6.72%
  • Number of Jobs: 12,486,499
  • * denotes ‘annually’
  • ** denotes ‘at 15% of annual salary’

Career Salaries

CareerJob GrowthAvg. Salary
Chief Executives5.48%$206,680
Computer and Information Systems Managers17.42%$169,510
Compensation and Benefits Managers2.09%$136,380
Purchasing Managers5.04%$136,380
Human Resources Managers6.51%$136,350

Top Industries

IndustryAvg. Salary
Chief Executives$206,680
Computer and Information Systems Managers$169,510
Compensation and Benefits Managers$136,380
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How MBA Students Can Find The Best Graduate School Degree

Top business schools will typically be highly reputable as well as highly influential. MBA rankings published by sites like U.S. News & World Report place a heavy weight on reputation surveys alongside factors like acceptance rate and graduation rate.

By contrast, Academic Influence measures excellence with a unique metric called Influence. Influence-based MBA rankings spotlight the real-world impact of a school’s students, alumni, and faculty members.

The resulting ranking does reflect some of the same outcomes as the annual U.S. News rankings. For instance, top business schools like Harvard Business School, the University of Chicago Booth School of Business, University of Pennsylvania’s Wharton School, the Columbia Business School, The Northwestern University Kellogg School of Business, and other highly prestigious business schools rank both for reputation and Influence.

The cost of MBA programs can be expensive. To find affordable programs, check out our list of the most affordable MBA degree programs.

MBA students in a classroom
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Why We Rank MBA Programs Based on Influence

The Influence metric is a more objective and transparent way of measuring actual student success. Ranking for Influence is a great starting point as you search for the best business school for you. This is because the real-world influence of your professors, classmates and fellow alumni can translate directly into value business networking opportunities.

This makes Influence a particularly meaningful metric for prospective business students.

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The Best Online MBA Degrees

Many of the best business schools also offer a wide range of online part time MBA programs as well as full time MBA programs online with self-pacing and asynchronous distance learning opportunities. To learn more about your options, check out the best online master’s programs for MBA students.

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What to Look for in the Top Business Schools

Before choosing a school of business for your MBA, there are few factors you’ll need to consider:

Accreditation

Business school accreditation is extremely important when it comes to choosing your MBA program. Accreditation provides assurances that you are getting a quality education, receiving current course material, and gaining access to qualified faculty members. Moreover, only graduate students earning MBAs from business schools with accreditation from Department of Education-recognized accreditors will be eligible for financial aid.

Reputation

Depending on your career goals, the reputation of your MBA may be important. Earning an MBA from a highly reputable graduate school can significantly improve your chances for career advancement and a top salary. Many business leaders will carry marquee names like Stanford University and Columbia University on their MBA degrees.

Availability of Online Classes

MBA students with an interest in taking some online courses should find out what programs and courses may be available through distance learning. Working adults pursuing their MBA may also want to determine the availability of both part time MBA programs and full time MBA programs.

Financial Aid

All prospective MBA students should fill out their Free Application For Federal Student Aid (FAFSA) every year. As an MBA student, you may or may not be eligible for federal financial aid, state-based financial aid, or even assistance directly through the financial aid office at your grad school.

While graduate students are typically not eligible for as many financial aid opportunities as undergraduate students, it’s important to complete your FAFSA. You may be able to offset at least some portion of the cost for your MBA.

Students in a classroom

How to Get into a Top MBA Program

Test Scores

Many MBA programs will require you to submit GRE Test Scores. These can impact your chances of admission.

Undergraduate Degree

You need a bachelor’s degree from an accredited four-year program. This undergraduate degree can be in any subject. You don’t necessarily have to major in business. to pursue an MBA program.

Undergraduate GPA

The typical graduate level business administration program will include a requirement for a minimum GPA—usually 3.0.

Why Attend an MBA Program Through One of the Best Business Schools in the U.S.

MBA programs are extremely popular for a reason. Business administration is a gateway to countless careers in the business sector. However, many of the top careers are highly competitive. Business leaders will typically earn their master’s degree in order to compete for top roles. Attending a top school of business can significantly improve your chances of ascending to a leadership role and earning executive level pay.

According to the Bureau of Labor Statistics, top executives are among the best paid professionals in the labor market. Top executives earned a median salary of $98,980 in 2021. While a bachelor’s degree can technically qualify you for many roles in business, most leadership roles are held by those with an advanced business degree.

What’s the difference between an MBA and an Executive MBA?

And if your career goals include business leadership, you might consider a specialized concentration such as the executive MBA program. The executive MBA program will typically be reserved for those who have already attained some level of leadership in their field.

For instance, the Jones Graduate School of Business at Rice University describes the executive MBA as an excellent fit for “leaders and experienced executives.”

If you are a working professional with an interest in attending business school, the executive MBA may be a good fit for you.

Considering an Online MBA Program?

Before you launch into business school, it’s worth also considering MBA programs that offer fully online master options. Many of the best business schools offer an array of online courses. And if you are working to balance job responsibilities while attending business school, an online MBA program may make it possible to manage everything at one.

As with the traditional MBA, the online MBA program can prepare students for leadership opportunities and specialized roles in their organization. The online master’s program in business administration is a particularly versatile degree. And if you’re considering an executive MBA, many online programs are geared toward graduate students who have already made significant advancements in their career.

Going to online business school or online school of management makes it possible to balance your current workplace responsibilities with your graduate level coursework. In fact, if you don’t think you can handle a full time MBA program with your work schedule and personal responsibilities, many online business schools offer a wide range of part time MBA programs as well as full time MBA programs with self-pacing and asynchronous distance learning opportunities. To learn more about your options, check out the best online master’s programs for MBA students.

See our Guide to Online Degrees.

 

[Check out all the top schools with a look at our University Rankings Guide].

 
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