The most influential business and administration people around the world say that, sometimes, it is a rite of passage to go to a B-school. And it is not just any old business college but the top cream. After all, it is very apparent that not all universities are the same. While one may set you up for life with a high-paying profession, another may disappoint you to a significant degree. This article lists the top 5 MBA schools in the United States.
The colleges are ranked on some factors like:
• starting salary
• undergraduate GPA
• ability to find a job within three months of graduation
Each one of the institutes is a tough nut to crack, but few are incredibly selective. For example, Stanford University has the least acceptance rate that falls somewhere about 5.7 percent. But the good news is that graduating from any one of the colleges means getting an exorbitant starting salary. The stats show that the average starting salary of such professionals is beyond six-figures.
For each university we state the acceptance rate, the starting salary one can earn, the GPA one has to attain during under graduation and the cost of studying there. So, without further ado, here are the leading 5 B-schools of America.
• The 1st Position: A tie between Harvard and Booth makes them share the top rank. Each college has an overall score of 100. While Booth gives you a 95.3 % chance of being employed three months after graduation, Harvard only offers 89.3 percent probability.
1. University of Chicago (Booth)
Out-of-state cost: $70,364
Average undergraduate GPA: 3.61
Average GMAT score: 730
Acceptance rate: 23.5 percent
Average starting salary: $151,085
2. Harvard University
Out-of-state cost: $78,772
Average undergraduate GPA: 3.71
Average GMAT score: 731
Acceptance rate: 9.9 percent
Average starting salary: $158,049
• The 2nd Position: The University of Pennsylvania with its overall 99 score stands strong at second. 92.6% of Wharton graduates were employed 3 months after gaining their degree.
Out-of-state cost: $76,580
Average undergraduate GPA: 3.60
Average GMAT score: 730
Acceptance rate: 19.2 percent
Average starting salary: $159,815
• The 3rd Position: A score of 98 keeps Stanford University at the third rank, but it provides only 87.6 % chances of being employed after 3 months of graduating.
Out-of-state cost: $68,868
Average undergraduate GPA: 3.74
Average GMAT score: 737
Acceptance rate: 5.7 percent
Average starting salary: $159,440
• The 4th Position: Massachusetts Institute of Technology with a score of 97 has the fourth rank. A graduate of Sloan has the probability of 93.9% of getting a high paying job inside of 90 days after finishing school. A few other statistics of the college are:
Out-of-state cost: $71,312
Average undergraduate GPA: 3.57
Average GMAT score:722
Acceptance rate: 11.6 percent
Average starting salary: $148,451
• The 5th Position: Held by Northwestern University, the overall score it achieved was 95. Kellogg gives a person a 92.6% chance of getting a job within three months of graduating. Some other stats of the school are:
Out-of-state cost: $70,435
Average undergraduate GPA: 3.60
Average GMAT score: 732
Acceptance rate: 20.2 percent
Average starting salary: $146,259