Best Graduate Business Schools, Universities in U.S.

U.S. News released the results of the survey for the 2011 rankings of the best graduate business schools or universities on the U.S.

Here are the Top 20 best business schools in America:
Rank 1 – Harvard University, Boston, MA

Rank 1 – Stanford University, Stanford, CA

Rank 3 – Massachusetts Institute of Technology (Sloan), Cambridge, MA

Rank 4 – Northwestern University (Kellogg), Evanston, IL

Rank 5 – University of Chicago (Booth), Chicago, IL

Rank 5 – University of Pennsylvania (Wharton), Philadelphia, PA

Rank 7 – Dartmouth College (Tuck), Hanover, NH

Rank 7 – University of California–Berkeley (Haas), Berkeley, CA

Rank 9 – Columbia University, New York, NY

Rank 9 – New York University (Stern), New York, NY

Rank 11 – Yale University, New Haven, CT

Rank 12 – University of Michigan–Ann Arbor (Ross), Ann Arbor, MI

Rank 13 – University of Virginia (Darden), Charlottesville, VA

Rank 14 – Duke University (Fuqua), Durham, NC

Rank 15 – University of California–Los Angeles (Anderson), Los Angeles, CA

Rank 16 – Carnegie Mellon University (Tepper), Pittsburgh, PA

Rank 16 – University of Texas–Austin (McCombs), Austin, TX

Rank 18 – Cornell University (Johnson), Ithaca, NY

Rank 19 – Washington University in St. Louis (Olin), St. Louis, MO

Rank 20 – University of Southern California (Marshall), Los Angeles, CA

Question: How do you rank graduate schools and programs?

There are two different ways that we rank graduate programs. For the five graduate program areas with the largest enrollments—business, education, engineering, law, and medicine—we use a combination of statistical data and expert assessment data. The statistical data we collect include both input and output measures. Input measures reflect the quality of students, faculty, and other resources brought to the education process. Output measures signal an institution’s success in managing that process so graduates achieve desired results, such as passing the bar exam or getting a high-paying job offer.

The expert assessment data for these areas come from surveys of knowledgeable individuals in academia and practitioners in each profession. Survey respondents are asked to rate the programs with which they are familiar on a scale of “marginal” (1) to “outstanding” (5). Statistical and assessment data are standardized about their means, and standardized scores are weighted, totaled, and rescaled so that the top score is 100 and other scores are expressed as whole percentages of the top score. Schools are then ranked by their rescaled score.

We also rank a variety of programs—including Ph.D. programs in the sciences and humanities and programs in healthcare, public affairs, and the fine arts—based solely on the peer assessment data from academics involved in that particular field. For a more general explanation, please read “How U.S. News ranks graduate schools.” For specific information about how we rank each discipline, review the specific methodologies for business, education, engineering, law, medicine, Ph.D.’s, the fine arts, various fields in the health sciences, and public affairs.