The M7, Elite Of The Elite, By The Numbers

Stanford GSB students in a tech-heavy classroom. Courtesy photo

Pay, Placement & Industry Choices Of M7 Graduates

The payoff of an M7 education is indisputable. There are few educational degrees, with the exception of a degree in computer science, that pay off as quickly as an MBA from one of these top schools and — more importantly — builds on its value over the course of a career. The first-year compensation package for M7 grads tends to be well above $150,000, once you include a sign-on bonus, other year-end compensation, and possible stock options and perks that schools don’t even bother to tally.

Note: The 20-year pay figures are from Payscale and reflect 2014 calculations.

DON’T MISS AVERAGE GRE SCORES AT THE TOP BUSINESS SCHOOLS and HOW YALE SOM CRASHED THE M7 PARTY

  • Forrealtho

    Are you for real? Is attending business school in some ridiculous way supposed to bestow judicial powers on you? Reverse the travel ban? Fix immigration? Do you really think that’s what people are paying $200k and getting and MBA for?

    What a dumb argument smh.

  • NonMBA

    WTF!! Wow!! M7!! ok.. Can any of these alum solve real world problems? Like reverse Trumps travel bans, reverse his decision to get out of paris accord, fix the broken immigration system?

  • tem

    “exit opportunity from their first post-MBA jobs”,
    But, the recent IMD employment report suggests something else. It shows that the avg salaries and roles are very low.

  • avivalasvegas

    Probably one of the most accurate and informative posts I’ve read over the past 5 years on these forums. Kudos!

  • Red Layug

    Why limit this article to M7, when, in most current accounts and actual scenarios, the competition among the top business schools usually involves 10 business schools, not just 7 (and the data can back this up)? I’m quite certain Berkeley Haas, Yale SOM and Dartmouth Tuck are now widely considered to be, at least, on par with the M7 schools, save for Stanford GSB and HBS. I’ve heard that a number of students at Yale SOM are also Wharton and Chicago Booth admits. Anecdotal experiences tell me also that Dartmouth Tuck matches Northwestern Kellogg in the cross-admit (yield) bottle. And, practically everyone at Berkeley Haas has also an M7 acceptance.

    I think it would really be very interesting if P&Q would write an article/report about a comprehensive comparison between the M7 schools (minus GSB and HBS) and the other three M7-ish schools (Berkeley Haas, SOM and Tuck) and see how far these latter three have caught up with the former elie schools.

  • Red Layug

    Why limit this article to M7, when, in most current accounts and actual scenarios, the top business schools’ competition actually involves 10 business schools, not 7. I’m certain Berkeley Haas, Yale SOM and Dartmouth Tuck are now widely considered to be, at least, on par with the M7 schools, save for Stanford GSB and HBS. I’ve heard a number of students at Yale SOM who have also been accepted to Wharton and Chicago Booth. Anecdotal experiences tell me Dartmouth Tuck wins vs Northwestern Kellogg is cross-admit bottle. And, practically everyone at Berkeley Haas has also an M7 admit.

    It would be really interesting if P&Q would write an article/report about a comprehensive comparison between the M7 schools (minus GSB and HBS) and the other three M7-ish schools (Berkeley Haas, SOM and Tuck) and see how far these latter three have caught up with the former elite schools.

  • MAA

    Just cause one guy writes an article saying Yale should be part of the M7 doesn’t mean its going to/did happen. Someone can say MIT should be Ivy League, but its just not a thing one can join. M7 is an established group and will remain that way no matter the rankings.

  • M7Bound

    Wholeheartedly agree with most of the points you’ve made. The NYC advantage is too huge to not be taken advantage of. I do feel the high MBB number for CBS is driven in part by the sponsored students returning to their ex-employers post MBA, though.

  • C. Taylor

    Tuck, absolutely. The rest gets a bit involved . .

    Regarding compensation; it’s a supply and demand thing. Internationally, companies must offer compensation competitive enough to prevent regional brain drain. They are limited by regulation and cash flow. A lifetime EEA career has been historically lucrative. I am not as bearish as the papers, but there is much room for strife-driven mischief in future compensation trends.

    I agree that job availability in your target locale should factor into your MBA selection process. Your target sector matters as well. So you need a clear understanding of how your background interacts with your goals and how a specific program can affect this. Additionally, different people can have different goals.

    For someone with a background that strongly lends itself to the person’s intended career; opportunities in the US for an LBS grad will not substantially differ from East Coast opportunities for that same person when graduating from Stanford or Haas–or West Coast opportunities for that person when graduating from Columbia or MIT. The weaker your background in your target field, the more you have to gain from a longer program located in your target region.

    On-campus interviews do make things more convenient when geographically isolated from a target locale. And where you do your internship matters more in some sectors (banking). A program in your target region also provides greater networking opps–if those matter–and access to practicing a language, and signals sincere interest.

    Accounting for those factors, there isn’t a substantial disadvantage to studying at an equivalent US program when targeting an EEA job. However, greater access to H1B visas is a significant advantage that studying in the US provides anyone seeking to move from the developing world to the developed world.

    As for program length . . Curiously, offerings are segmented. There are:
    – Two-semester programs (ex. INSEAD)

    – Two-semester programs with summer internships (ex. INSEAD or Oxford)

    – Three-semester programs (ex. Kellogg)
    – Three-semester programs with summer internships (ex. HEC Paris)
    – Flexible-length programs (ex. LBS)
    – Four-semester programs (ex. J-term at Columbia)
    – And four-semester programs with summer internships

    Whether a program length and internship availability is appropriate will be different for people according to their backgrounds (depth of skills, applicability of skills), surety in goals, and exactly what sector is targeted.

    There is a huge difference between INSEAD with an internship and INSEAD without an internship for someone targeting PE, for example. INSEAD w/ internship for a person targeting PE is roughly equivalent to Kellogg–lovely if your profile is competitive, possibly not the best choice if you are trying to break into banking from a developing country. It’s better than Kellogg considering it’s the only large ultra-elite international alternative to LBS for PE–placing somewhere in the range of 8% in PE/VC.

    IMD makes the best sense for someone with surety in goals who is not targeting a starter role in banking (i.e. targeting > than associate at IB or analyst at some PEs). It probably offers a special advantage for anyone potentially eligible for what others might consider an exit opportunity from their first post-MBA jobs.

  • avivalasvegas

    I’m guessing you’re other addition to the list is Tuck? If so, I suppose I can agree that they are comparable. There was a time not too long ago that Ross was considered a solid Top 10 program – not sure what happened there.

    I like the EU schools you’ve listed. IMD’s had a rough half decade but its a top quality program for sure. The only issue I have with both INSEAD and IMD is the length of the program. As I look back at my 2 years, there was a LOT of opportunity and learning that came from my internship and the second half of the program. I wouldn’t trade that extra year in for all the scholarship money in the world.

    I do agree that the US job market > the EU job market for most. There was a time pre- Brexit that the disparity was almost gone and the currency rates actually meant you could be paid more for a similar role in parts of Europe than you could in the US. Add in the very arguable better quality of life and you’d have a solid option.

    Not anymore.

    I’d be curious to know if LBS grads have a hard time finding employment in the US?

  • C. Taylor

    I guess it depends on your viewpoint. It’s pretty easy for some to write INSEAD, IMD, and LBS off in comparison to “top 5” US programs. I suggest doing so is a mistake.

    I view the US as having nine (fairly even) ultra-elite programs, rather than seven, with Kellogg and Haas holding up the rear. US programs in general have one key advantage over non-US programs for anyone who doesn’t have US citizenship or residence status. That is the two sequential dice rolls for access to the largest single-language MBA job market in the world–the US.

    The main difference in outcomes you see across top programs is due to differences in backgrounds and cost of living adjustments. This means, for example, some will get VP roles post-MBA, and others will get associate roles.

  • John

    That’s because IB is not lucrative these days and people want to have a life instead of being corporate slaves. Grads from higher-ranked schools choose something more interesting to do.

  • Haha Good One

    The reason most people seek a top MBA is the job afterwards and when looking at programs in the South there are clearly a couple schools who attract the blue chips while the rest not so much.

    Duke/Darden and to some extent Emory/Texas but there are clearly roles that are held our for M7s — high end corp strategy/top PE/VCs/Top Boutique Consultancies. MBB/BBs obv only recruit at the top schools and i would guess thats one other good indicator on making it to the Suite.

    Using CEOs is a bit misleading since theres a number of factors besides the alma mater, to get there but if looking down at the C-Suite as a whole I’d be confident the M7 have an advantage.

  • avivalasvegas

    I can see the struggle Marc faced with this. One on hand, you’ve got 2 great schools in LBS and INSEAD, worthy competitors to the bottom end of the Terrific Ten. On the other, they’re just not in the same league as the M7, despite being excellent options for those not interested in moving to the US. Ultimately, if either were worthy of the contrast to the M7, I would support their inclusion. To date, that just hasn’t been case but I’m hopeful that will change!

  • avivalasvegas

    They’re just trolls – ignore them. They know that IIT is nothing but a middle management factory.

  • M7Bound

    Doesn’t that seem a bit dubious? What if other schools, too, stopped reporting the salary numbers of like 10% of their graduating class? Can’t imagine how that won’t greatly skew the numbers + provide misleading results. Ridiculous!

  • Southern ROI

    I consider UNC/Texas/Florida/Ross = to Darden.(UVA appears fancy, but in reality is it better than McCombs???, all Rugby and Imagery aside?) They are a both Public, so I know Darden is classy, but come on! They are a not Ivy! I Consider South Carolina a step above, because of their International Business Program (not flashy, not expensive,but effective).If they tripled the cost, I guess then they would be in UVA territory. Obviously Duke is in another CLASS, but if you ask anyone from an M7 program how they would rank Fuqua and Duke gets treated like a red headed step child(read this site and see Tier 3). I have several VP’s at my company from Duke. I’d rather be top 10% from Ross/ MCombs /Darden/ or Fuqua then last at HBS.I digress, if Finance/Consulting is your goal you are dead on. If you want to be a CEO lets pull the Fortune 500 and find out who is running America. That’s all I’m saying. MIT would get allot more respect by that regard as well as Notre Dame! M7 = Smoke and Mirrors!

  • Southern ROI

    I consider UNC/Texas/Florida/Ross = to Darden.(UVA appears fancy, but in reality is it better than McCombs???, all Rugby and Imagery aside?) They are a State School! They are a not Ivy! I Consider South Carolina a step above, because of their International Business Program (not flashy, not expensive,but effective).If they tripled the cost, I guess then they would be in UVA territory. Obviously Duke is in another CLASS, but if you ask anyone from an M7 program how they would rank Fuqua and Duke gets treated like a red headed step child(read this site and see Tier 3). I have several VP’s at my company from Duke. I’d rather be top 10% from Ross/ MCombs /Darden/ or Fuqua then last at HBS.I digress, if Finance/Consulting is your goal you are dead on. If you want to be a CEO lets pull the Fortune 500 and find out who is running America. That’s all I’m saying.

  • Mike

    Read the above comments. The alumni numbers are completely illogical.

  • Ben

    They are not penalized. They are the only top school that won’t report 99-100%. It has led to a large salary increase from just a year ago on US News.

  • Mike

    Yep- that’s why these numbers make no sense. And even if they wanted to calculate it in a strange way, it would be fine if it was parallel across all schools, but that isn’t the case at all. Stanford has all types of certificate programs as well. It makes you wonder where they get so many of these numbers or if they just pull them out of you know where. If you click on the link to see the source, it just give you an excel file of the made up numbers that is the same as the article.

  • Haha Good One

    Duke and Darden are certainly solid programs but to say the rest are a top program is absurd.

    Keep dreaming buddy.

  • 2cents

    Coming from the MBB world, there’s a line still on a national scale for a CBS compared to some of the the other schools that sit around it in rankings. In truth, there seems to be a longer tail there when it comes to quality as compared to the other M7, which means they would benefit from either a smaller class size or better controls from career services. Honestly the only people that (1) care and (2) think there is a noteable difference for m7 schools are posting on these boards. There still is a strong preference for hbs/gsb nationally, with access to these jobs available with more legwork well beyond the m7.

    On another note – the rankings drop is either temporary, or it will be replaced by another school with an NYC campus. There’s too much local business and growth in MBA hiring there to not capitalize in a way that drives rankings.

  • MBA-Couple

    Obtaining a certificate from HBS doesn’t make you an HBS alum. HBX CORe’s website clearly states that obtaining a CORe certificate will not provide you access to HBS alumni network.

  • Princeton Graduate

    Why are you arguing with a clear idiot?

  • HBSlivingalum

    HBS includes graduates of all HBS programs in their alumni stats. This includes certificates, executive education, 2 month programs, etc.

  • Sue

    Every single year, Wharton provides substantially less visibility of the employment numbers than every other school.

  • Mike

    Why does MITs say (All of MIT)? Does that not imply the others are just for MBA classes? Because HBS graduates 940 a year and they live for 400 years each to produce 371,000 Living MBA alumni? Seems like it means the whole university system. Then why is Stanford 29,000 if they have 17,000 students in the whole university system at any one time? So many numbers are just printed with little backing. If Mike the construction worker does HBX CORE then is he an HBS Alum?

  • Sam

    The total living alumni data makes absolutely no sense. How are people so gullible?

  • GZRAMS124

    @Johnbyrne, why hasn’t tuck/haas been invited to the m7? This would be a newsworthy story I’m sure.

  • Wharton

    Why don’t Wharton’s numbers make sense? I don’t see any issue when I compare its salary figures to those of other schools in the M7. What am I missing?

  • M7

    So the M7 meets annually, ask any adcom from one of those schools. Of course they’re not going to advertise that on a publicly-facing website, that would be ridiculous. I agree that quality doesn’t fall off a cliff with Tuck/Haas, my point is M7 is not a ranking, it is a group of business schools. Whether or not you agree/disagree with members of the group is a totally different topic.

  • GZRAMS124

    Well, the legal world is probably more “aware” of such rankings because everyone there had to go through the law school admissions process. Also, the legal world in this case is limited American law, where there is a dearth of rankings (thus making USNWR reign supreme). Not true for business, especially considering business is global , there’s a ton of rankings, and not everyone deals with American MBAs.

    I concede your point about job postings explicitly stating H/S. Perhaps the Disney example was a poor example on my part. Are the m7 schools better than the field? Yes. But the grouping is so damn arbitrary. It’s not like quality plummets off a cliff from m7 to tuck. That’s what I mean by “no real world meaning.”

  • M7admit

    So, because you need a law degree to practice law, but no business degree to practice business, the informal grouping of top law schools is not like the informal grouping of top business schools. Sounds like pettifogging to me.

    Your second point though – there is absolutely no job that states they only accept HBS and GSB graduates. There is no job posting that will say that and to emulate you from earlier, so me proof otherwise it’s hearsay and or gossip. The fact that you said “I’m sure” clearly shows that you are making an assumption about something you don’t really have any insight into.

    I understand you have an opinion about whether other schools should be lumped in with H/S. However, I think the schools themselves, including H/S are more of an authority figure than yourself as they are the ones that choose to be part of this group and recognize each other as peers. I understand that H/S are better schools, but the M7 members are peers. I have several friends and have spoken to many students at HBS/GSB and they recognize the M7.

  • GZRAMS124

    Yes, pretty much. These designations have no real world meaning. And the comparison from m7 to to t14 is shallow. You need a law school degree to practice law. You don’t need a business degree to be in business.

    “Everyone in business” there are positions that recruit from only H/S I’m sure (Disney strategy). But m7? Don’t think so.

    My point is that Kellogg Sloan etc shouldn’t be lumped in with H/S. H/S is in its own league, and Kellogg Sloan etc have more in common with the T15 than H/S.

  • M7admit

    Proof of what? That M7 exists? Everyone is business is aware of the M7. I’ll give you a better example. The M7 is akin to the T14 for law schools. Law schools don’t formally say “we’re T14,” but everyone in law knows what the T14 is. By your logic T14 also means nothing.

  • Anonymous

    Agree. Seems Crazy. You can’t be the 1 school that gets to calculate differently than everyone else. I guess this comes from the only top 20 school that doesn’t come close to reporting 99-100% graduate salary data.

  • GZRAMS124

    I have no axe to grind with “m7” schools but I’m annoyed by the obsession I see on this site. Other than admissions m7 really doesn’t mean anything.

    Frankly, there are no schools that should be lumped with H/S. They stand alone at the top.

  • hexaninja

    It is simply not. I would know, I’m a final year student at IITM. We have excellent alumni network all around the world and the brand name is pretty good. But in comparision to top business schools like Harvard and Stanford, any IIT is basically insignificant. They are simply way too rich and powerful. Many of the IIT alumni have become leaders across the globe. But one thing we are missing is most of them hold an MBA from the M7. It is those business schools which made them what they are today, not the IITs.

  • GZRAMS124

    You’re missing the point. The Ivy League is a real, actual documented body. At least he schools cite it themselves. The M7 is not. Has an m7 school ever publicly acknowledged being an m7?

    And this still isn’t proof FYI. You’re just making a roundabout statement.

  • juststop

    This website is about business and business schools. Which IIT comes even CLOSE to any of the BSchools being discussed? Or to any of the Top 50 programs in the US? How many IITs are on FT’s annual MBA rankings? Oh, Zero? Thought so.

  • notreally

    Um how exactly did you work out that MIT Sloan > K ? One can argue that they’re at par at best, but I do believe Kellogg has a far more rounded program than does Sloan. Sloan does exceptionally in Operations/Supply Chain/IM…but Kellogg is WAY better for General Management/Marketing/Consulting/Non-profit, etc. I’d even argue that Kellogg is doing brilliantly in Tech (see recent numbers).
    And let’s not even talk about the student experience – which I believe is incredible at K (and everyone knows how at Sloan). MIT may be the stronger parent university, but Kellogg is definitely the more rounded BSchool program.

  • Unicorn

    Looking at the numbers i feel IIT brand and network is way stronger!!!

  • M7admit

    Clearly did not attend an m7 school. Are there any jobs that say Ivy League schools only? No. Does that mean Ivy League means nothing in the real world? No.

  • Alexandre Tabet

    worldly CEO, when it comes to finance, there is no doubt that CBS is up there with the best of them. But the majority of MBAs have different plans. If one wishes to work on Wall Street, CBS trails only HBS and Wharton, and even then, by the tiniest of margins. But that is to be expected. A larger than average percentage of CBS students come from financial backgrounds (one third of CBS incoming students have ties to Banking, of which 7% to Private Equity), have strong finance connections and seek finance jobs when they graduate. Also, given its location, it stands to reason that Columbia’s faculty and career office would have strong ties with Wall Street firms. The same can be said of Stanford GSB and Haas when it coms to working for successful startups in Silicon Valley.

    I do not mean to diminish CBS. It is an exceptional and elite MBA program, especially for interested in Banking.

  • Stanford= Community college

    Lol @ Stanford’s Total Living Alumni on Page 4.

  • worldlyCEO

    lets see CBS has several unicorn (+1$BN startups ). how many does Yale or Duke have , I think for yale/duke/cornell is zero
    all the most elite hedge funds recruit at CBS – , almost none recruit at yale or duke or cornell
    all the elite NYC private equity funds recruit at CBS- not so much at duke/haas etc…
    so while u may not think CBS belongs with HWS, those who have $$$, do think CBS is up with HWS
    so we will follow the $$$, since $$$ is willing to pay for CBS, CBS should be with HWS
    also in the FT and Forbes rankings CBS is ranked much higher than booth/sloan/kellogg

  • ChillOut

    Did you get rejected by an M7 or something? I do understand (and somewhat agree with) the point you’re making about the M7 brand but your responses are weirdly emotional and distracting from your point.

  • BSG

    Since you asked, I personally know 2 people who chose Yale SOM over Wharton last year. They told me they picked Yale because of the community. Neither one is going into social/nonprofit either, surprisingly. Most importantly, though, is that they both got fantastic offers this summer. They both have strong profiles and would’ve gotten great offers regardless of which top program they went to.

  • Marc

    I thought this was really strange too. There have been multiple P&Q articles that claim Wharton/Booth/Kellogg all have an almost identical number of CEOs and create the most after HBS and GSB. No mention of any at all from MIT.

  • Truth

    I agree with this!

  • Truth

    This really doesn’t make sense. Kellogg is usually in 6th place looking at the stats and rankings.

  • Truth

    MIT Sloan has 7 current Fortune 500 CEO alum? Who are they?

  • Jim

    In the salary chart, read Wharton’s column. Then look at Columbia’s, and Booth’s, and MIT’s, then Harvard and Stanford. You’ll clearly see that Wharton’s number doesn’t logically follow, and doesn’t make sense in the context of every other school. This number is manufactured, and Im not sure how USNWR accepted this to let them inflate their ranking?

  • GZRAMS124

    There are no jobs that list M7 only. The schools themselves don’t reference it. Find me one source or job posting that isnt hearsay and I’ll recant. Literally the only sources that reference it are poets and quants and admission consultants.

    And burden of proof isn’t on me. Take an argumentation class and stop embarrassing yourself with sophomoric responses.

  • tem

    when it comes to business education, Kellogg is better than Stanford. Stanford Business School benefited a lot from its parent university success in being near the silicon valley and achievements of its engineering department, unlike Kellogg where it contributed deeply and massively to develop the entire industry of marketing for example.

  • “hearsay”

    How do you know it doesn’t mean anything in the real world? Would a lack of recent meetings between the schools somehow invalidate this M7 status? Show me something that isn’t hearsay or gossip.

  • tiers

    H > S > W > B > Sloan > K that is the top 6, with HSW being the established ultra elite top 3

  • not really

    lol how many SOM and Wharton cross admits choose SOM instead of Wharton? Practically no one would choose a non-M7 school over H/S/W.

  • Southern ROI

    I was definitely shocked that Wake closed it’s full time MBA program, but somebody forgot to tell the Executive Program, because they are going harder than ever.

  • GZRAMS124

    Get real it doesn’t mean anything in the real world. Is there even proof that the schools still meet? Show me something that isn’t hearsay or gossip. Something from the schools themselves.

  • M7

    Again, the M7 does have official membership. It is a group of business schools that meet regularly and does mean something in the real world. It isn’t a ranking. Fair enough if you think some schools should be in it and others not.

  • Alexandre Tabet

    I don’t see how Columbia belongs in the same league as HBS, Stanford or Wharton. It is debatable whether or not it even belongs with Booth, Kellogg or Sloan. And I do not see how Dartmouth (Fuqua), Duke (Tuck) and Cal (Haas) are any better than Michigan (Ross) or Yale (SOM). The M7 is not an official membership. It means nothing in the real world. No company worth its salt believes in it. Most high level executives have never even heard of it, and those that have give it very little credence. HBS, Wharton and Stanford are the top 3 MBA programs. Booth, Kellogg and Sloan come close. Then you have roughly 8-10 other elite MBA programs that are excellent, but a notch below, including Columbia, Cornell (Johnson), Dartmouth (Tuck), Duke (Fuqua), Michigan (Ross), NYU (Stern), Yale (SOM) and perhaps even CMU (Tepper) and UVa (Darden).

  • Southern ROI

    Banks and finance i’ll give you, but the rest,,,not so much. If you want to be CEO of a fortune 500, NYC is just a place with great shopping. My mom got her PHD from NYU so I hope she never reads this board! I bet Emory is known in Atlanta, “hello99” which was my point about Regional Game. I was definitely shocked that Wake closed it’s full time MBA program, but somebody forgot to tell the Executive Program, because they are going harder than ever. I have traveled the world and realized most Americans think we are the center of it. I have traveled America and NY and LA think they are centers as well. The trading floor is not the center of the Universe, I can trade a hedge fund in my boxers from a boat on the Mississippi with technology.

  • tz

    somsquared is a well-known troll – don’t feed him…

  • HarvardWinsAgain

    Agreed. but I would tweak it as H > S > B > W > K > M > C.

  • Duh

    @hello99 you talk IVY LEAGUE and how “everyone knows MIT” – wake up wake up – MIT isn’t Ivy.

  • The Actual Tiers

    Actually, they’re pretty interchangeable depending on your post MBA goals. I’ve seen people pick each school over another for a slew of reasons when money wasn’t involved:

    H=S >>>>> W > B=K=M=C

  • hello99

    Regional game? all the elite banks/PE funds/hedge funds/many VC’s/MBB and even many tech companies are HQ’d in NYC.. The Ivy League pretty much rules New York and London even SF… Thats where the $$$ is .. Thats why the whole world wants to be get into an Ivy ( under grad or MBA or law).. I don’t think 99% even know what Emory is but everyone knows Harvard or Columbia or MIT

  • tem

    Wake Forest University School of Business closed its full time program.

  • Southern ROI

    We need a Southern Seven: Duke’s Fuqua School of Business, Emory University’s Goizueta Business School, South Carolina’s Darla Moore School of Business,UNC’s Kenan-Flagler Business School, Texas McCombs School of Business, University of Virginia Darden School of Business, and Wake Forest University School of Business would be my picks and I would put them up against any program. Reason #1 Regional Game. #2 M7 will not break you into Oil and Gas. #3. SC’s Darla Moore School has been rocking IB for a while with very little fanfare. I could swap in John Hopkins Carey Business School very easily since Maryland is under the Mason Dixon Line. I don’t want to get all Johari’s Window on this board, but the world is growing faster than our American/ Colonial Self Imaging can keep up with! M7 was 1976, Booth, Has, Stern, Carson, Sloan don’t hear the M7 sounding board as they slowly take ground. The South should look to the West Coast and Midwest for a guiding light of how to ignore the old and brand yourself to the New.

  • Southern ROI

    We need a Southern Seven: Duke’s Fuqua School of Business, Emory University’s Goizueta Business School, South Carolina’s Darla Moore School of Business,UNC’s Kenan-Flagler Business School, Texas McCombs School of Business, University of Virginia Darden School of Business, and Wake Forest University School of Business would be my picks and I would put them up against any program. Reason #1 Regional Game. #2 M7 will not break you into Oil and Gas. #3. SC’s Darla Moore School has been rocking IB for a while with very little fanfare. I could swap in John Hopkins Carey Business School very easily since Maryland is under the Mason Dixon Line. I don’t want to get all Johari’s Window on this board, but the world is growing faster than our American/ Colonial Self Imaging can keep up with! M7 was 1976, Booth, Has, Stern, Carson, Sloan don’t hear the M7 sounding board as they slowly take ground. The South should look to West Coast and Midwest for a guiding light of how to ignore the old and brand yourself to the New.

  • BSG

    Right, because that’s totally objective.

    If you’re looking to go into Tech, would you really take Booth over Sloan?

  • Confucius

    I’m confused…Why is it that a large # of Wharton grads do not report their $ figures to the CMC? Are they penalised for it?
    And why does Kellogg not report its “other compensation” numbers like most others do? I’m sure this is what’s really hitting their overall median #s.

  • Tiers

    If we’re being totally objective here: the M7s aren’t created equal. Imo it’s: H = S > B = W > K > M > C.

  • Cornell_Squared

    Where is Cornell on this list? I have a friend at Goldman who told me that they hire more grads from Cornell than from Wharton and Booth these days. I wouldn’t be surprised to see Cornell in the top 5, if not top 3 of USNews rankings this year.

  • cbsalumni

    Specifically to this, Columbia (and Glenn Hubbard in particular) has made a point of creating a more balanced class in terms of interests and industry and shying away from pumping up stats to boost ratings (cough, SOM*). Whether this is the right call or not — I personally disagree with it — it is very much a strategy of cultivating future CBS graduates rather than going all-in on a specific profile.

    *I kid, I kid. I worked with some SOMs at my internship and they were incredible people who easily could’ve been at any M7.

  • cbsalumni

    I just graduated from CBS, well, yesterday! CBS is fast becoming a consulting school as much as it is a finance destination. The student experience is certainly a concern, and one that we’ve voiced repeatedly, but it largely seems to be about expectations vs reality. Every single student at CBS believes that he/she is bound for McKinsey or Goldman, and the fact is that those roles are incredibly competitive and not everyone reaches them. At other schools, students aim at a broader range of outcomes that are considered a success – not saying that that *shouldn’t* be the case at CBS, but it is.

  • M7Bound

    Fair enough. I respect the NYC advantage and international brand reputation…But I’m afraid that’s not super relevant for those seeking employment within the US (and particularly outside of Finance, like I initially mentioned). Anyway, hope you make the most of your CBS experience.

  • CBSBound

    I am headed to CBS this fall and I am happy to share my own reasons for picking CBS over some other M7s and over some of the other schools you mentioned as well. This is just one person’s perspective but hopefully can shed some light:

    1. $$ – I got a big scholarship.
    2. I want to do retail and luxury goods. I actually really, really like what NYU is offering in this space but could personally not justify the expense and the time to go to NYU over an Ivy league school. Just personal preference. After NYU, CBS had the best options in this space.
    3. Brand name. As an international candidate, I’ve found that some amazing schools like Kellogg, Tuck, etc. just are not known. Obviously people at MBB, big banks, etc. know what they are but I was very surprised how many people even at big-name companies did not know what they were.
    4. Location. NYC just has SO many opportunities to meet people and CBS was basically the only top school that lets you intern during the year. I am just about to turn 25 and only have 3 years of WE. I plan to stack the heck out of my resume with some amazing companies that I can intern for during the year. This was not even an option at pretty much any other school.

    That’s basically it! I think I feel pretty good about my decision and it made sense for my specific needs.

  • Guest

    It’s important to read carefully, 0.08 lower than MIT’s GPA. The point I’m making is that if CBS admissions stats are subpar, so are MIT’s. Do you harbor the same sort of resentment/inferiority complex towards MIT? Most people (including me) would rather go to CBS than any of the schools you just listed.

  • Come on

    Come on man….Just 0.08 lower? How’s that 0.08 looking when you compare it with Yale SOM’s average GPA? Or Haas’? Or Tuck’s? Stern’s?

  • M7

    M7 is an actual group of business schools that meet regularly. It isn’t a ranking that schools can move in and out of. SOM has not been invited to the party.

  • Dan

    I don’t mind that you talk extensively about the M7, I am sure that people want to know about it. I mind the fact that as a journalist, your point of view – and your article seems very biased and not didactic, as it should be.

  • M7Bound

    Great response, “smartie”. Given your username, I’d have assumed you’d do a bit more research before making such silly points. “MBB hired more from CBS than Booth?” Oh WOW. I didn’t see you factor in that CBS has over 700 students seeking employment vs the 490-odd at Booth? Or also that Columbia’s numbers INCLUDE people who are returning to their pre-MBA employers/sponsors (over 100 of them), whereas Booth’s do not? Also, where the hell did Booth and MBB come into the picture when I was talking about CBS competing with non-M7 schools? You clearly aren’t very good at connecting dots. But now that you’ve brought it up – In terms of cross-admit stats, I’m sure Booth DESTROYS CBS (as it does in every single credible ranking published and on most quantifiable metrics).

  • Marc Ethier

    Thanks. A great deal of our coverage goes to non-US schools. This week alone I will be writing about INSEAD, LBS, ESADE, and probably a bunch more! But as long as the M7 is a thing — and it is still very much a thing — people are going to want to know about it. As I mention in the second paragraph, there always has been and probably always will be controversy surrounding the M7.

  • Marc Ethier

    Hey, I even mention that in the second paragraph!

  • smartie

    We understand u were dinged at CBS .. sour grapes
    CBS admit rate is 14%
    Booth is 23%
    MBB hired more from CBS than booth

  • Guest

    I agree that CBS yield is helped by the early entry, but we don’t really have the information to quantify how much it helps and whether the yield would be below other M7 schools if they did not have that option, so it’s a moot point. Regarding the other numbers you mention, let’s compare the average GMAT and GPA of CBS to MIT, which judging by your lack of objection to its placing in this article, rightfully belongs in the discussion of top MBA programs. The average GMAT is of CBS is 4 points lower and the average GPA is 0.08 lower than that of MIT. Pretty negligible wouldn’t you say? Unless these differences are the threshold that separates elite programs from non-elite.

  • somsquared

    Why has SOM been excluded from this article? wasn’t there an article saying that SOM is now an M7 school?

  • M7Bound

    No axe to grind, I promise. I think it’s common knowledge now that Columbia’s yield is a lot higher because of the binding nature of the early entry option – so I wouldn’t really say it’s something to brag about. Also, apart from the “magazine rankings” (which have been consistently poorer than expected for Columbia), I’m referring specifically to numbers that gauge incoming student quality. Average GMAT, GPA, etc. – not so elite to be honest.

  • BSG

    I feel like the term M7 is a relic of the past.

    Nowadays several non-M7 elite business schools (Tuck, Haas, Yale SOM) provide high quality education & facility as well as access to high-end career opportunities – and might provide students a leg up in certain fields (e.g. Haas in Tech). Moreover, deciding between these two groups (with the exception of H/S) has become much less of a no-brainer than it used to be. While anecdotal, I personally know many high calibre candidates who chose to enroll at Yale SOM or Haas over non-H/S M7 schools.

    I believe this is mainly due to a change in preference for post-MBA career choices, which has shifted from IB/PE to Consulting/Tech/Entrepreneurship (hence CBS’s fall from grace since the pre-financial crisis era).

  • lol

    How could you possibly come to that conclusion? Kellogg’s performance on almost every metric is in the bottom 2.

  • harvardgrad

    Goes to show that it has become harvard, stanford, kellogg as the top 3.

  • Daniel

    My bad, the article is written by Marc Ethier. My questions should be directed to you then ! 🙂

  • Daniel

    @Jason Bryne : Would it be possible to be – at least sometimes – a little less US focused in your articles ? Some people live outside the USA, and B-schools exist in other parts of the world too. I don’t understand how you can write some sentences, such as “the M7 is the Holy Grail of the MBA Kingdom”, when some european schools are above some of the “M7” in a lot of different rankings. Or explain to us why you think you don’t have to mention these schools (if that is your opinion that they are indeed below the M7).
    Thanks.

  • Guest

    Seems like you two have an axe to grind. They still have a pretty low acceptance rate so unless that number is also “juiced” there are a lot more people who want to go there than are allowed to. Also, @M7Bound, what numbers are you referring to? It seems all the numbers for admission standards, salary/pay, and employment are in line with the rest of the M7. Unless you’re referring to the magazine rankings, which belies your point.

  • Yield

    Ah but they have that very impressive 72% yield. Not that they have an early acceptance program or anything to juice the numbers….

  • M7Bound

    Interesting analysis. However, I’d genuinely like to know why Columbia is still considered one of the best BSchools in the US. The numbers for CBS are honestly not that impressive, and from what I’ve heard the student experience isn’t all that great either. I get that it’s one of the best schools for Finance, but I don’t get why anyone not inclined toward a career in finance would pick CBS over any other M7 school, or even Yale SOM / Tuck / Haas / Ross / Fuqua for that matter.