New 2023 Businessweek MBA Ranking: Harvard & Wharton Experience Dip – My MBA Career

Last Updated on September 15, 2023 by Robert C. Hoopes

Stanford Graduate School of Business has once again secured the top spot in the prestigious 2023 Bloomberg Businessweek MBA ranking, marking its fifth consecutive year at the peak of the list. This accolade solidifies Stanford’s reputation as a leading institution in the field of business education.

However, the rankings saw some surprising shifts this year, with Harvard Business School experiencing a notable drop to sixth place. This is the lowest position Harvard has attained since 2014, raising questions about potential challenges the institution may be facing. Additionally, the University of Pennsylvania’s Wharton School slipped to eighth place, indicating a decline in its overall standing.

Chicago Booth claimed the second position in the rankings, solidifying its status as a highly-regarded business school. Following closely behind are Dartmouth Tuck and UVA Darden, who tied for third place. Columbia Business School secured the fifth spot on the list, further strengthening its reputation in the industry.

Yale School of Management’s MBA program encountered a setback this year, falling five places to finish in 15th position. This is the lowest ranking Yale has received since 2017, and signals potential challenges that the program will need to address.

On a more positive note, UVA Darden and Rice University’s Jones Graduate School of Business celebrated improvements in their rankings, demonstrating their commitment to continuous growth and excellence.

Notably, European schools have also made their mark in the rankings. Italy’s SDA Bocconi emerged as the leader among European schools, followed by IESE Business School, IMD, INSEAD, London Business School, and IE Business School. The success of these schools showcases the strength and competitiveness of the European business education landscape.

The Businessweek MBA rankings were conducted after assessing 110 full-time MBA programs globally. The analysis considered data from participating schools as well as survey responses from students, alumni, and employers. The rankings were developed based on five critical indexes: compensation, learning, networking, entrepreneurship, and diversity.

In a surprising turn of events, Tuck claimed the top spot in compensation, while Stanford surprisingly ranked lower in this category. This highlights the importance of a holistic evaluation when considering the value of a business school program.

The rankings further classify MBA programs into separate lists for the United States, Europe, Asia Pacific, and Canada, allowing for a more comprehensive analysis of the global MBA landscape. This approach acknowledges the unique strengths and specializations of programs in different regions, providing a more nuanced perspective to prospective MBA applicants.

Overall, the 2023 Bloomberg Businessweek MBA rankings shed light on the ever-evolving landscape of business education. The results highlight the consistent excellence of Stanford Graduate School of Business, as well as the challenges faced by other renowned institutions such as Harvard Business School and the University of Pennsylvania’s Wharton School. The rankings also showcase the impressive performance of European schools, underscoring their increasingly influential role in the global business education realm.