Kellogg | Mr. Engineer Volunteer
GMAT 710, GPA 3.8
Kellogg | Mr. Operations Analyst
GMAT Waived, GPA 3.3
Kellogg | Mr. Double Whammy
GMAT 730, GPA 7.1/10
Kellogg | Mr. Defense Engineer
GMAT 760, GPA 3.15
Cornell Johnson | Mr. Indian Dreamer
GRE 331, GPA 8.5/10
McCombs School of Business | Mr. Ernst & Young
GMAT 600 (hopeful estimate), GPA 3.86
Kellogg | Mr. Innovator
GRE 300, GPA 3.75
London Business School | Ms. Private Equity Angel
GMAT 660, GPA 3.4
Harvard | Mr. Defense Engineer
GMAT 730, GPA 3.6
Chicago Booth | Ms. Indian Banker
GMAT 740, GPA 9.18/10
Harvard | Ms. Developing Markets
GMAT 780, GPA 3.63
Yale | Ms. Biotech
GMAT 740, GPA 3.29
McCombs School of Business | Mr. Marine Executive Officer
GRE 322, GPA 3.28
Stanford GSB | Ms. Global Empowerment
GMAT 740, GPA 3.66
Chicago Booth | Mr. Bank AVP
GRE 322, GPA 3.22
Harvard | Mr. Renewables Athlete
GMAT 710 (1st take), GPA 3.63
Stanford GSB | Mr. Infantry Officer
GRE 320, GPA 3.7
UCLA Anderson | Ms. Apparel Entrepreneur
GMAT 690, GPA 3.2
Harvard | Mr. Armenian Geneticist
GRE 331, GPA 3.7
Berkeley Haas | Mr. 1st Gen Grad
GMAT 740, GPA 3.1
Ross | Mr. Travelpreneur
GMAT 730, GPA 2.68
London Business School | Ms. Numbers
GMAT 730, GPA 3.5
IU Kelley | Mr. Fortune 500
GMAT N/A, GPA 2.2
N U Singapore | Mr. Naval Officer
GMAT 710, GPA 3.2
NYU Stern | Ms. Entertainment Strategist
GMAT Have not taken, GPA 2.92
INSEAD | Ms. Spaniard Consultant
GMAT 710, GPA 8.5/10.00
NYU Stern | Mr. Army Prop Trader
GRE 313, GPA 2.31

The Top 20 B-Schools for Entrepreneurship

Harvard  comes in at No. 1 with a whopping 34 startups on Poets&Quants'  top 100 list

Harvard comes in at No. 1 with a whopping 34 startups on Poets&Quants’ top 100 list

How do you determine the best B-school for starting up a business? There are plenty of rankings that promise to parse arcane data points to reveal the true hierarchy of entrepreneurial education. But none focus solely on resultsthe number of successful startups a school produces and how much capital its budding businesses have collectively raised.

Poets&Quants crunched the numbers to produce the first results-based ranking. The survey is based primarily on the total number of startups a school produced that landed on our top 100 listing. These are exceptional companies: To make the cut, a startup had to attract at least $1.6 million in investment. (Most startups get by on bootstrapping and funding from friends and family.) Investment served as the second metric–Poets&Quants‘ sub-ranked the schools according to the cumulative amount of funding their listed startups received.PoetsQuants-300x250-MagazineAd2

Harvard Business School, with 34 startups, and Stanford’s Graduate School of Business, with 32 startups, blew away the competition, proving that the student and alumni networks of those schools are a potent force to fuel and sustain new ideas. The two MBA heavyweights accounted for more than half of the total number of startups on our top 100 list.

MIT’s Sloan School of Management came in a distant third with 11 new enterprises. The B-schools at U Penn, Chicago, and Columbia trailed behind with three startups each. (We did not adjust the numbers to account for class size.)

The results weren’t entirely surprising from the standpoint of traditional B-school rankingsHarvard and Stanford frequently rotate in and out of the top spots. However, these results represent a sharp division from conventional entrepreneurship rankings that have been severely flawed. And they show the profound importance of alumni networks in funding new companies.

For years, the Princeton Review and U.S. News & World Report have published their own orderings of the best graduate programs in entrepreneurship. Interestingly, the B-schools at MIT, UC-Berkeley, Northwestern, and Wharton are conspicuously absent from Princeton’s listing because they decline to cooperate with a ranking school officials say has little credibility. In fact, 2013 marks the first year that Harvard and Stanford participated. Top schools also question the publication’s “black box” methodology, which relies on surveys sent to school administrators and some 30 vague data points.

U.S. News & World Report adopts a more open approachthe publication surveys deans and MBA directors for their opinions on top programs. However, critics contend that the process invites bias, allowing schools’ past reputations to boost or hinder their numbers. Besides, most deans have little to no knowledge of how entrepreneurship is taught at other business schools.

Michigan’s Ross topped Princeton’s listing, while Babson’s Olin nabbed the No. 1 spot in the U.S. News ranking. Both schools made the cut for Poets&Quants‘ top 20, coming in at No. 13 and No. 12, respectively. Harvard, Poets&Quants‘ top startup school, came in third in Princeton’s assessment and fourth in U.S. News’ report. Stanford’s status was a bit more stable across rankingsit scored the No. 2 spot on both Poets&Quants‘ and U.S. News’ ranking. The more unpredictable Princeton assessment put the school at No. 6.