5 Top MBA Programs

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Obtaining a Master’s in Business Administration (MBA) is the goal of every student who envisions him or herself managing a Fortune 500 company or other significant business, government or social enterprise. But not every program will do like an MBA online program, at least in the eyes of some who will still put a significant amount of weight on where you attend school. We’ve checked a number of recommended lists and have come up with five schools that consistently place at or near the top, usually based on purpose, prestige and high price.

Harvard Business School

Harvard is consistently ranked at or near the top and is, therefore, worthy of being mentioned first in our overview. The school is well known for its award winning faculty and long list of graduates who have gone on to lead companies and countries alike including: former U.S. president George W. Bush, former Masschussetts governor Mitch Romney, Elaine Chao who is currently serving as the Secretary of Labor, New York mayor Michael Bloomberg, Intuit founder Scott Cook, Herb Kohl of Kohl Department Stores, former eBay president Meg Whitman and others. The median base salary for 2009 Harvard MBA grads was $114,400 according to school data.[1]

Harvard Business School
1563 Massachusetts Ave.
Cambridge, MA 02138-2903
617-495-6438
hbs.edu

Stanford Graduate School of Business

A number of surveys place Stanford on top, citing the school’s study abroad initiatives, curriculum tailored to each student, research opportunities and internships. Famous grads include Seagate Technology CEO Steve Luczo, astronaut Steven L. Smith, Sun Microsystems founder Scott McNealy, billionaire Sid Bass, author Seth Godin and investor Charles R. Schwab. The Stanford program is small, highly selective and has less than 400 students in any given class.

Stanford Graduate School of Business
518 Memorial Way
Stanford, CA 94305-5009
650-725-2004
gsb.stanford.edu

Kellogg School of Management

Kellogg is known for its Executive M.B.A., Ph.D. and J.D. programs, with an emphasis on helping students develop teamwork and leadership skills. Founded in 1908, the school partners with universities in Canada, Israel, Germany and Hong Kong and has additional facilities in Chicago and Miami. Some of the more well known Kellogg alumni include David Shaffer, CEO of Thomson Financial, NAACP chair Rosyln M. Brock, North Dakota governor John Hoeven, Mattel CEO Robert Eckert, Kayak.com founder Stephen Hafner, and Booz Allen Hamilton founders Edwin G. Booz and James L. Allen. One recent study conducted by the school has shown that “kissing up” at work works.[2]

Kellogg School of Management
2001 Sheridan Road
Evanston, IL 60208
847-491-3300
kellogg.northwestern.edu

Stephen M. Ross School of Business

The Ross School of Business employes “action-based learning,” designed to expose students and faculty to real-world challenges faced by actual businesses and organizations. Students are encouraged to innovate, work with teams and understand business’s role in society. Among the more notable alumni are real estate developer Stephen M. Ross, former Chrysler CFO Jerome B. York, John Z. DeLorean, John V. Faraci CEO of International Paper, venture capitalist Christopher Ilitch and Richard Snyder, chairman of Gateway Corporation.

Stephen M. Ross School of Business
701 Tappan Ave.
Ann Arbor, MI 48109
734-763-5796
bus.umich.edu

The Wharton School

The “other” Ivy League school to make most top M.B.A. lists is Wharton, established in 1881 as the world’s first collegiate-level business school. Wharton is one of the largest programs of its kind with 4,900 students enrolled. The school’s main thrust is on business research and technological innovation. Famous grads of the Wharton program include real estate mogul Donald Trump, billionaire Warren Buffet, publisher Mortimer Zuckerman, market researcher J.D. Power III and Elon Musk of Tesla Motors. Since opening its $140 million Jon M. Huntsman Hall in 2002, other business schools have sought to follow Wharton by updating their own campuses.[3]

The Wharton School of the University of Pennsylvania
255 South 38th St.
Philadelphia, PA 19104-6356
215-386-8300
wharton.upenn.edu

Is choosing the one business school program over another one the way to go? Yes, if you’re comparing premium programs with the rest. The average starting salary of top notch b-school grads is in low six-figure territory.

References

[1] Harvard Business School: Statistics

[2] Kellogg School of Management: Flattery will get you far

[3] SFGate.com: Business schools race to erect modern campuses

Resources

The New York Times: Is a Harvard M.B.A. Worth It?

U.S. News: Top Business Schools

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Categories: Academics