List of Ivy League business schools

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Six of the eight Ivy League universities in the Northeastern United States have a business school that offers a Master of Business Administration degree, including Columbia University, Cornell University, Dartmouth College, Harvard University, the University of Pennsylvania, and Yale University. Wharton School at Pennsylvania and the Charles H. Dyson School of Applied Economics and Management at Cornell also have an undergraduate business program.

Contents

History

Although the Ivy League is an college athletic conference, Ivy League also refers to eight private research universities in the Northeastern United States. [1] Six of the eight Ivy League universities have a business school that offers a Master of Business Administration degree, including Columbia University, Cornel University, Dartmouth College, Harvard University, the University of Pennsylvania, and Yale University. [1] [2]

Cappelli, Bonet, and Hamori note, "The Ivy League business schools, associated with higher social class in terms of the income and social status of their students, had a long head start on other MBA programs." [3] The creation of business schools at Ivy League universities occurred over a century ago. Joseph Wharton established the first university-based business school at the Wharton School of the University of Pennsylvania in 1881. [4] In 1900, the Tuck School of Business at Dartmouth College was founded as the world's first graduate school of business. [5] [2] The Harvard Business School became the first business school to offer the MBA degree in 1921. [6] Because there were no textbooks for its new MBA program, Harvard pioneered the case study method of teaching which is still used by business schools today. [6]

In 1955, five Ivy League schools—Columbia, Cornel, Dartmouth, Harvard, and Pennsylvania—offered MBA degrees. [3] These five business schools collectively graduated half of the MBA degrees awarded in the United States that year. [3] Also in 1955, Wharton became the first Ivy League business school to admit female students, although only to its undergraduate program. [7] Yale added its MBA program in 1956. [3]

By 2001, Ivy League MBA graduates constituted only five percent of all MBA degrees awarded in the United States but represented over 23 percent of the MBA qualifications held by top executives at Fortune 100 companies. [3] In 2021, Ivy League business schools provided 3,680 MBA graduates, representing only 3.6% of the total MBAs awarded. [3] However, the preference for Ivy League MBA graduates has increased, according to Cappelli, Bonet, and Hamori. [3]

As of 2022, all of the Ivy League MBA programs are ranked in the top fifteen of US colleges by U.S. News & World Report . [1] Forbes ranks the six programs in its top eleven. [1] [8] Of the Ivy League business schools, the Tuck School MBA programs accepts the most candidates, with an acceptance rate of 33 percent as of the 2023–24 academic year. [9] Harvard and Columbia have the lowest acceptance rates, at 9.2 percent and 13.6 percent, respectively. [1]

Cost and outcomes

The average cost of an Ivy League MBA is $100,000 a year, with tuition averaging $78,000 a year as of 2022. [1] BestColleges notes that despite the high tuition rates at Ivy League business schools, graduates from these programs have access to alumni and industry connections that can lead to middle management positions with high salaries. [9] Ivy League MBA graduates from the class of 2021 had a median postgraduate base salary of $150,000 a year. [1]

Ivy League business schools

Six of the eight Ivy League universities have a business school that offers a Master of Business Administration degree. [1] [2] [10] Of these six, only the Wharton School at Pennsylvania and the Charles H. Dyson School of Applied Economics and Management at Cornell offer an undergraduate business program. [9] The two remaining Ivy League schools, Brown University and Princeton University, lack both a graduate and undergraduate business program. [9] [11] [10] However, Princeton does have Master of Finance degree and Brown offers a joint Executive MBA degree with IE Business School in Spain. [1]

School nameHost institutionYear foundedLocationImageDegrees offeredReferences
Columbia Business School Columbia University 1916 New York City, New York Columbia Business School - Uris Hall (48170436502).jpg MPhil, MS, MBA, EMBA, Ph.D. [12]
Harvard Business School Harvard University 1908 Allston, Massachusetts Aerial of the Harvard Business School campus.jpeg MBA, Ph.D., DBA [13] [14]
Samuel Curtis Johnson Graduate School of Management /
Charles H. Dyson School of Applied Economics and Management (undergraduate)		 Cornell University 1909 Ithaca, New York Sage Hall, Cornell, west facade.jpg BS, MS, MPS, MBA, EMBA, Ph.D. [15] [16]
Tuck School of Business Dartmouth College 1900 Hanover, New Hampshire TuckSchoolofBusiness.jpg MBA [17] [18]
Wharton School University of Pennsylvania 1881 Philadelphia, Pennsylvania Huntsman Hall at the University of Pennsylvania.jpg BS, MBA, EMBA, Ph.D. [19]
Yale School of Management Yale University 1976 New Haven, Connecticut Yale School of Management Evans Hall front.JPG MBA, EMBA, Ph.D. [20]

See also

Related Research Articles

<span class="mw-page-title-main">Ivy League</span> Athletic conference of American universities

The Ivy League is an American collegiate athletic conference of eight private research universities in the Northeastern United States. It participates in the National Collegiate Athletic Association (NCAA) Division I, and in football, in the Football Championship Subdivision (FCS). The term Ivy League is used more broadly to refer to the eight schools that belong to the league, which are globally renowned as elite colleges associated with academic excellence, highly selective admissions, and social elitism. The term was used as early as 1933, and it became official in 1954 following the formation of the Ivy League athletic conference. At times, they have also been referred to as the "Ancient Eight".

<span class="mw-page-title-main">University of Pennsylvania</span> Private university in Philadelphia, US

The University of Pennsylvania is a private Ivy League research university in Philadelphia, Pennsylvania, United States. It is one of nine colonial colleges and was chartered prior to the U.S. Declaration of Independence when Benjamin Franklin, the university's founder and first president, advocated for an educational institution that trained leaders in academia, commerce, and public service. Penn identifies as the fourth-oldest institution of higher education in the United States, though this representation is challenged by Princeton and Columbia since the College of Philadelphia was not chartered or commence classes until 1755 and the first board of trustees was not convened until 1749, arguably making it the sixth or fifth-oldest.

<span class="mw-page-title-main">Lehigh University</span> Private university in Bethlehem, Pennsylvania, US

Lehigh University (LU) is a private research university in Bethlehem, Pennsylvania, United States. The university was established in 1865 by businessman Asa Packer. Lehigh University's undergraduate programs have been coeducational since the 1971–72 academic year. As of 2022, the university had 5,911 undergraduate students and 1,781 graduate students.

<span class="mw-page-title-main">Business school</span> University-level institution teaching business administration

A business school is a higher education institution or professional school that teaches courses leading to degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, college of business, or colloquially b-school or biz school. A business school offers comprehensive education in various disciplines related to the world of business and management.

A Master of Business Administration is a professional postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular area but an MBA is normally intended to be a general program. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management.

The Wharton School is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton School is the world's oldest collegiate business school. It is one of six Ivy League Business Schools and a member of the M7, an informal network of business schools regarded as among the most prestigious in the United States. The Wharton School is the business school which has produced the highest number of billionaires in the US.

<span class="mw-page-title-main">INSEAD</span> International business school

INSEAD is a non-profit business school with locations in Europe, Asia (Singapore), the Middle East and North America.

<span class="mw-page-title-main">Stanford Graduate School of Business</span> Business school of Stanford University

The Stanford Graduate School of Business is the graduate business school of Stanford University, a private research university in Stanford, California. Stanford GSB is a member of the M7, an informal network of business schools regarded as among the most prestigious in the United States. For several years it has been the most selective business school in the United States, admitting only about 6% of applicants.

<span class="mw-page-title-main">Kelley School of Business</span> Business school of Indiana University

The Kelley School of Business (KSB) is an undergraduate and graduate business school for Indiana University Bloomington and Indiana University Indianapolis. As of 2022, approximately 13,538 full-time undergraduate and graduate students are enrolled on its Bloomington campus, as well as 1,596 students at the Indianapolis campus. In addition, more than 800 students study for graduate degrees through the school's online MBA and MS programs through "Kelley Direct".

<span class="mw-page-title-main">Tuck School of Business</span> Graduate business school of Dartmouth College, in New Hampshire, US

The Amos Tuck School of Business Administration at Dartmouth College is the graduate business school of Dartmouth College, a private Ivy League research university in Hanover, New Hampshire. The school offers only a Master of Business Administration degree program.

<span class="mw-page-title-main">Mendoza College of Business</span> Business school at the University of Notre Dame

The Mendoza College of Business is the business school at the University of Notre Dame, a private research university in Notre Dame, Indiana. Founded in 1921, it offers both undergraduate and graduate degrees. Apart from its main campus, it also offers an executive MBA, master’s in finance, and master’s in business analytics in Chicago. It has a network of over 40,000 undergraduate and graduate alumni. The school was renamed in 2000 following a donation to the school by Tom Mendoza.

<span class="mw-page-title-main">Samuel Curtis Johnson Graduate School of Management</span> Graduate business school of Cornell University

The Samuel Curtis Johnson Graduate School of Management is the graduate business school of Cornell University, an Ivy League university located in Ithaca, New York. Founded in 1946, the school was renamed in 1984 to honor Samuel Curtis Johnson, founder of S.C. Johnson & Son, following a landmark $20 million endowment from his family which was the largest gift ever made to a business school at the time. In 2017, Herbert Fisk Johnson III of S. C. Johnson & Son contributed $150 million to the school and the newly established Cornell SC Johnson College of Business, resulting in the college's renaming.

<span class="mw-page-title-main">Yale School of Management</span> Graduate business school of Yale University

The Yale School of Management is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives (EMBA), Master of Advanced Management (MAM), Master's Degree in Systemic Risk (SR), Master's Degree in Global Business & Society (GBS), Master's Degree in Asset Management (AM), and Ph.D. degrees, as well as joint degrees with nine other graduate programs at Yale University. The Yale School of Management is one of six Ivy League Business Schools.

The USC Marshall School of Business is the business school of the University of Southern California. It is accredited by the Association to Advance Collegiate Schools of Business.

<span class="mw-page-title-main">Boston University Questrom School of Business</span> Business school of Boston University

The Questrom School of Business is the business school of Boston University, a private research university based in Boston. Founded in 1913 and formerly known as the School of Management, the school received its current name in 2015.

Presidio Graduate School (Presidio) is a private graduate school in San Anselmo, California that was founded in 2002. It offers MBA and MPA degrees in sustainable development. Presidio offers a formal "green MBA" curriculum centered on environmental sustainability and social justice, to a great extent inspired by John Elkington's triple bottom line. In 2015, The New York Times named Presidio the MBA program to choose "if you want to change the world." It was in the process of being acquired by the University of Redlands in Southern California until 2024. The campus moved to San Anselmo from San Francisco after the merger was announced. Upon the completion of the merger in summer 2024, the school will be known as the Presidio Center for Sustainable Solutions in the School of Business & Society at the University of Redlands.

<span class="mw-page-title-main">Wake Forest University School of Business</span> Graduate business school of Wake Forest University

The Wake Forest University School of Business is the business school of Wake Forest University, a private research university in Winston-Salem, North Carolina. It offers undergraduate programs to around 1,314 students, as well as management-related masters programs. The school is accredited by the Southern Association of Colleges and Schools Commission on Colleges and the Association to Advance Collegiate Schools of Business, and has supplemental accounting accreditation by the latter agency. It has a second campus in Charlotte, North Carolina.

David Anthony Thomas is an American psychologist, expert on organizational behavior, and academic administrator who currently serves as the 12th president of Morehouse College, a historically Black men's college in Atlanta. From 2017 to 2018, he was the H. Naylor Fitzhugh Professor of Business Administration at Harvard Business School. Thomas served at the Georgetown University McDonough School of Business as its Dean from 2011 to 2016 and as the William R. Berkley Chair and Professor of Management from 2016 to 2017.

Steve Salbu is an American academic. He served as the Cecil B. Day Chair in Business Ethics and dean emeritus of the Scheller College of Business at the Georgia Institute of Technology.

References

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  2. 1 2 3 "How the MBA has moved with the times". Business Worldwide. October 19, 2014. Retrieved 17 Dec 2024.
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  4. ↑ "The History of Business Schools". Business Scholars Institute. Georgetown University . Retrieved 2025-01-14.
  5. ↑ Schmidt, Andrew, ed. (January 23, 2023). "Tuck School of Business Definition". Investopedia. Retrieved 2025-01-12.
  6. 1 2 "Who invented the Business School?". www.businessbecause.com. 2010-06-01. Retrieved 2025-01-12.
  7. ↑ "Old Business School Admit Women". The Virginian-Pilot. Norfolk, Virginia. 1954-06-14. p. 25. Retrieved 2025-01-14– via Newspapers.com.
  8. ↑ "The Best Business Schools". Forbes. 2019. Retrieved 2025-01-14.
  9. 1 2 3 4 Mielke, James; Black, Valerie (April 2, 2024). Taleb-Agha, Raneem; Covington, Krystal (eds.). "How to Get Into Ivy League MBA Programs". BestColleges . Retrieved 17 Dec 2024.
  10. 1 2 Schweitzer, Karen (April 26, 2019). "Choosing an Ivy League Business School". ThoughtCo. Retrieved 17 Dec 2024.
  11. ↑ "Business at the Ivies". The University Guys. November 2023. Retrieved 17 Dec 2024.
  12. ↑ "Columbia University Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
  13. ↑ "Harvard Business School". Poets & Quants. Retrieved 2024-11-22.
  14. ↑ "Harvard University Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
  15. ↑ "Cornell University (Johnson) Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
  16. ↑ "Johnson School". Poets & Quants. Retrieved 2024-11-22.
  17. ↑ "Dartmouth College (Tuck) Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
  18. ↑ "Tuck School". Poets & Quants. 18 September 2024. Retrieved 2024-11-22.
  19. ↑ "University of Pennsylvania (Wharton) Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
  20. ↑ "Yale University Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
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