What Are the Best Business Schools?

Choosing a business school can be a difficult decision. If you're still looking for a business school that fits your career goals, keep reading to see what makes a good business school, and learn about some of the top schools in the field. Schools offering Business degrees can also be found in these popular choices.

What Are the Characteristics of the Best Business Schools?

Since business schools typically have many degree options, you should see if the prospective school has the specialization or concentration area you're interested in pursuing. Good business schools usually have opportunities for you to connect with industry veterans and find internships that relate to your specialty. You can also find out which schools have clubs, institutions and other organizations that give you experiences outside of the classroom. Faculty members should have business experience and be knowledgeable in the subjects they teach.

What Are Three of the Best Schools for Business?

Stanford University in California

The Stanford Graduate School of Business (SGSB) has been ranked as the number two graduate business school by U.S. News & World Report in 2019. Although Stanford does not offer undergraduate business programs, you could gain networking ties and find mentoring opportunities through the Stanford Pre-Business Association. SGSB is home to the Center for Leadership Development and Research, the Center for Global Business and the Economy and the Center for Entrepreneurial Studies. Stanford boasts 17 business faculty members who are part of the American Academy of Arts and Sciences and two faculty members who have earned the John Bates Clark Medal in Economics. You can combine your MBA degree program with other degree programs from the School of Law, the School of Education or the School of Medicine. You could pursue the following business degrees at Stanford:

  • Master of Business Administration
  • Master of Science in Management
  • Doctor of Philosophy in Business

University of Pennsylvania in Philadelphia

In 2019, U.S. News & World Report has ranked the Wharton School of Business at the University of Pennsylvania (UP) as number one in both graduate and undergraduate business schools. The Wharton School of Business was founded in 1881 and is composed of ten distinct departments. UP has a number of research resources, including the Lippincott Library, which features over 100 business databases, and the Wharton Behavioral Laboratory, which gives you the opportunity to explore economics and consumer behavior. International study is encouraged through the Wharton Global Immersion Program, the Global Consulting Practicum programs or any of the 17 international exchange programs. UP also features additional career services for business students, such as employer information sessions, a free job board and on-campus interviews. The Wharton School of Business offers dual-degree programs in conjunction with other schools at UP, and these programs usually take four to five years to complete. Here are some of the degrees you could obtain from UP:

  • Bachelor of Science in Economics - Business Economics and Public Policy
  • Bachelor of Science in Economics - Business Analytics
  • Bachelor of Science in Economics - Management
  • MBA
  • MBA in Business Economics and Public Policy
  • MBA in Actuarial Science
  • MBA in Insurance and Risk Management
  • Doctor of Philosophy in Management
  • Doctor of Philosophy in Applied Economics

University of Texas in Austin

The University of Texas - Austin (UTA) has been ranked in a tie at number 19 on the list of best business graduate schools and in a tie at number 6 as the best undergraduate business school in 2019, according to U.S. News & World Report.

The McCombs School of Business at UTA offers undergraduate international programs in 23 countries. At the graduate level, the McCombs Global Connections Program allows you to study the economy, market and social background of a foreign country. The MBA program features a simulated academic challenge, which allows you to get feedback from industry professionals. UTA is home to a number of business-related research centers, such as the Center for Research in Electronic Commerce, the Center for Business Technology and Law and the Real Estate Finance and Investment Center. Companies and organizations that have recruited students from the professional accounting master's program include the FBI, Capital One, Morgan Stanley and Microsoft. The MBA degrees can also be pursued in conjunction with other master's degrees through the dual-degree program at UTA. UTA offers the following business degrees:

  • Bachelor of Business Administration
  • Master in Professional Accounting
  • Master of Business Administration
  • Master of Science in Technology Commercialization
  • Master of Science in Finance
  • Master of Science in Business Analytics
  • Ph.D. in Accounting
  • Ph.D. in Finance
  • Ph.D. in Marketing
  • Ph.D. in Management
  • Ph.D. in Information, Risk, & Operations Management

Ten Other Top Business Schools

College/UniversityInstitution TypeLocation Estimated Graduate In-State Tuition*
Massachusetts Institute of Technology4-year, PrivateCambridge, MA $55,000
University of California - Berkeley4-year, PublicBerkeley, CA $14,000
University of Michigan4-year, PublicAnn Arbor, MI $23,000
New York University4-year, PrivateNew York City, NY $45,000
University of Virginia4-year, PublicCharlottesville, VA $19,000
Carnegie Mellon University4-year, PrivatePittsburg, PA $ 45,000
University of North Carolina4-year, PublicChapel Hill, NC $ 12,000
Cornell University4-year, PrivateIthaca, NY $ 30,000
University of Notre Dame4-year, PrivateNotre Dame, IN $ 53,000
University of Southern California4-year, PrivateLos Angeles, CA $ 46,000

*Source: NCES, U.S. Department of Education

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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