Stanford GSB | Mr. Systems Change
GMAT 730, GPA 4
Tuck | Mr. Consulting To Tech
GMAT 750, GPA 3.2
Stanford GSB | Mr. Navy Officer
GMAT 770, GPA 4.0
Harvard | Mr. Public Finance
GMAT 720, GPA 3.9
Harvard | Ms. Ambitious Hippie
GRE 329, GPA 3.9
Harvard | Mr. Milk Before Cereals
GMAT 710, GPA 3.3 (16/20 Portuguese scale)
Harvard | Mr. Sales To Consulting
GMAT 760, GPA 3.49
INSEAD | Ms. Hope & Goodwill
GMAT 740, GPA 3.5
INSEAD | Mr. Airline Captain
GMAT 740, GPA 3.8
Harvard | Ms. Almost Ballerina
GRE 332, GPA 3.5
Harvard | Mr. Startup
GRE 327, GPA 3.35
Darden | Mr. Engineer Consultant
GMAT 730, GPA 3.47
Stanford GSB | Mr. MBB to PM
GRE 338, GPA 4.0
IU Kelley | Ms. Biracial Single Mommy
, GPA 2.5/3.67 Grad
Darden | Ms. Unicorn Healthcare Tech
GMAT 730, GPA 3.5
Stanford GSB | Mr. MBA Class of 2023
GMAT 725, GPA 3.5
Chicago Booth | Mr. Guy From Taiwan
GRE 326, GPA 3.3
Stanford GSB | Mr. Energy Reform
GMAT 700, GPA 3.14 of 4
Ross | Mr. Verbal Engineer
GMAT 710, GPA 3.3
UCLA Anderson | Ms. Packaging Manager
GMAT 730, GPA 3.47
Kellogg | Mr. Danish Raised, US Based
GMAT 710, GPA 10.6 out of 12
Wharton | Mr. Sr. Systems Engineer
GRE 1280, GPA 3.3
Chicago Booth | Mr. Semiconductor Guy
GMAT 730, GPA 3.3
Harvard | Mr. Polyglot
GMAT 740, GPA 3.65
Duke Fuqua | Mr. Enlisted Undergrad
GRE 315, GPA 3.75
Stanford GSB | Mr. Rocket Scientist Lawyer
GMAT 730, GPA 3.65 Cumulative
Darden | Mr. Stock Up
GMAT 700, GPA 3.3

When MBA Rankings Lag The Facts

Top 20 Business Schools: Ross At A Loss 

So what are the differences between the overall rankings and the peer rankings? Let’s start with U.S. News’ 2014 top 20 business schools. Do Harvard and Stanford live up to their lofty reputations? Are there any upstarts like Booth, Fuqua, Darden, or Kellogg that upset the traditional order? And what about those schools whose performance doesn’t meet the hype? Check out our results for the answer:

Overall Rank  Peer Rank  School                                                      Peer Score  Performance
11Harvard Business School4.80
11Stanford Graduate School of Business4.80
31University of Pennsylvania (Wharton)4.8-2
44MIT (Sloan)4.70
44Northwestern University (Kellogg)4.70
64University of Chicago (Booth)4.7-2
77UC-Berkeley (Haas)4.60
88Columbia Business School4.50
99Dartmouth College (Tuck)4.30
1012New York University (Stern)4.22
119Duke University (Fuqua)4.3-2
1212University of Virginia (Darden)4.20
1312Yale School of Management4.2-1
1415UCLA (Anderson)4.11
149University of Michigan (Ross)4.3-5
1615Cornell University (Johnson)4.1-1
1717University of Texas-Austin (McCombs)4.00
1821Emory University (Goizueta)3.83
1918Carnegie Mellon University (Tepper)3.9-1
2018University of North Carolina (Kenan-Flagler)3.9-2

Source: P&Q analysis based on U.S. News & World Report 2014 Business School Rankings

Surprisingly, the overall rankings and peer assessment rankings align closely for the 2014 top 20 business schools. Based on its peer assessment average, business school leaders still perceive Wharton as an equal to Harvard and Stanford. However, recent declines in applications to Wharton could erode that impression. U.S. News’ data also show that academic peers hold Booth, Fuqua, and Kenan-Flagler Business School in slightly higher regard than their rankings would indicate. Conversely, Goizueta and Stern are slightly undervalued by their peers. Emory, in particular, is a school to watch. Ranked 27th by U.S. News in 2010, Goizueta has climbed nine spots in the past four years, with a highest placement rate and biggest increase in reported salary of any business school in 2012.

The only loser in the top 20 business schools appears to be the University of Michigan (Ross) which is viewed as a top 10 school by business school deans and directors, yet shares 14th place with UCLA in the overall rankings. Two years ago, Ross experienced a staggering 16.8 percent drop in applications. Despite this setback, Ross maintained the same average GMAT and GPA scores over the previous year. Even more, it snagged the #1 ranking in entrepreneurship from The Princeton Review in 2013.