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U.S. News & World Report covers everything from politics and business to health and travel. Each year, U.S. News & World Report ranks MBA programs accredited by the Association to Advance Collegiate Schools of Business International (AACSB International) to compile its list of the best MBA programs in the United States.
U.S. News & World Report releases its top MBA rankings every year, so each new group of prospective MBA students can consult the latest list when choosing the right MBA program.
To compile their Best Business Schools rankings, U.S. News & World Report uses criteria that fall into three categories:
Quality Assessment (40%)
A school’s comprehensive peer assessment is based on the scores from two surveys: a peer assessment score and a recruiter assessment score.. The Peer Assessment Score, which accounts for 25% of a school’s overall score, is based on a survey of business school deans and MBA program directors. The recruiter assessment score is based on a survey of corporate MBA recruiters and accounts for 15% of a school’s overall score.
Placement Success (35%)
A school’s placement success is determined by the average starting salary and bonuses of recent MBA graduates, as well as the rate of graduates who have found employment. However, only those who report this data can be taken into account. Also, students who are not seeking a job or who have not provided information about their job search cannot be counted. The mean salary and bonus is 14% of the school’s score, and the employment rates for MBA graduates are calculated at graduation (7%) and three months after (14%).
Student Selectivity (25%)
This portion of the score takes into account data the school used to accept students. The average Graduate Management Admission Test (GMAT) score of students entering the program during the current academic year and the average undergraduate grade point average (GPA) of those students are the primary components of this score.