Wharton Dislodges Harvard To Top 2017 P&Q MBA Ranking

The Definitive List Of The Top 100 U.S. MBA Programs of 2017 — 26 to 50

School Name2016 RankIndexUS
The Economist
#26Southern California (Marshall)3274.024 (31)33 (38)30 (38)23 (23)28 (41)
#27Georgia Institute of Technology3172.629 (34)30 (33)28 (28)29 (33)26 (35)
#28Washington (Olin)2871.721 (21)35 (31)36 (36)35 (39)30 (31)
#29Michigan State (Broad)2770.637 (35)29 (22)25 (27)27 (29)32 (24)
#30Arizona State (Carey)4468.625 (35)40 (47)47 (49)26 (NR)31 (28)
#31Minnesota (Carlson)2968.232 (27)27 (27)39 (39)48 (34)22 (33)
#32Wisconsin3068.134 (27)24 (40)43 (29)33 (30)40 (38)
#33Vanderbilt (Owen)2667.525 (22)49 (39)34 (32)40 (32)18 (17)
#34Ohio State (Fisher)3366.427 (27)47 (43)37 (41)31 (36)36 (30)
#34Brigham Young (Marriott)3466.434 (31)19 (21)23 (23)33 (39)NR (NR)
#36Penn State (Smeal)3566.236 (41)29 (28)25 (37)49 (41)42 (39)
#37Rochester (Simon)3762.543 (39)37 (44)33 (30)38 (40)39 (34)
#38Purdue (Krannert)4760.950 (47)28 (32)38 (42)36 (NR)49 (48)
#39UC-Irvine (Merage)4359.844 (48)41 (42)51 (54)30 (27)38 (NR)
#40Maryland (Smith)3659.447 (41)46 (46)40 (33)25 (22)43 (32)
#41Boston University (Questrom)3956.844 (41)48 (48)49 (50)42 (35)35 (37)
#42Pittsburgh (Katz)4255.153 (55)39 (35)52 (53)45 (46)34 (36)
#43Texas-Dallas (Jindal)5354.838 (37)44 (NR)31 (29)50 (NR)NR (NR)
#44Texas A&M (Mays)4054.538 (31)20 (24)22 (18)NR (NR)NR (NR)
#45Iowa (Tippie)3853.364 (45)34 (26)41 (35)44 (44)44 (45)
#46Boston College (Carroll)5050.344 (50)51 (NR)44 (48)41 (31)NR (NR)
#47Southern Methodist (Cox)4549.952 (48)38 (37)32 (31)NR (NR)37 (42)
#48Temple (Fox)5147.832 (41)60 (64)NR (NR)51 (NR)45 (43)
#49Rutgers Business School6747.650 (53)52 (NR)50 (52)37 (NR)NR (NR)
#50Georgia (Terry)4844.648 (55)50 (36)54 (65)NR (NR)41 (40)

Note: * Ranks for both The Financial Times and The Economist surveys are U.S. only, not the overall global ranks

(See following page for the next 25 business schools on the list)

  • DardenGuy

    I’d say that your classification for us here at Darden is quite a bit off. We send 40-50 students to MBB annually out of a class of 330-350, 30-40% into consulting in general,
    and the number has been trending up. Based on the 4 ranking criteria you provide, I’d say we are Tier 2-3 on criteria 1-3 (either dedicated for 50/50 ambassador, 50-75 R1 on-grounds interviews per firm, final round interviews either on-grounds or in-office), and Tier 4 on criterion 4, though the reach has been expanding with a hard push toward the West Coast and growing alumni base.

    Not just being defensive for the sake of pride, I think we all know that we are not HBS, but your characterization of the program as a regional bottom feeder is not grounded in fact.

  • George Patsoulis

    Hey John, check out illinois ranking also. it seems be lower than what it should

  • Red Layug

    I bet there’s a sudden drop from #9 Berkeley Haas and #10 Yale SOM.

    There’s a considerable difference between the top 9 and #10 downwards.

  • Red Layug

    Berkeley Haas & Stanford GSB.
    Also, possibly USC and UCLA.

  • H/W/S

    Actually Stanford is starting to lose its credibility/appeal with some audiences and tech companies are grabbing up talent from all top MBAs. Stanford simply does not compete on the same playing field as W and H in the corporate setting. It has a much different appeal- for entrepreneurs and non-traditional dreamer types. Yes, it’s difficult to get into because Stanford keeps only 400 seats to W’s 850+ and H’s 950. If put H and W’s top 400 students up against GSB’s any day. After all, GMAT median of H and W’s best would be well into the 740/750 range. So those schools are pumping out strength year after year.

    Concerning GSB, how can you teach ethics if the institution can’t practice it itself?

    HBS is strong and is on par with Wharton in many respects when it comes to head-to-head employment competition. W still has the edge in finance in most aspects; H has the edge in strategy and management in most aspects. W is getting much stronger in tech, but still a step behind H there. Overall, you are really splitting hairs from an employer standpoint.

  • Stanford Scandal 2.0

    Apparently recruiters, alumni, deans, and the community writ large is pushing back on your “Everyone” claim. Ooops!

  • I go to the #✌🏻School

    Results are all I care about…and HBS just got served a slice of that pie


    rankings weight employment and that’s where Wharton is gaining strength….. never was a strong suit of Stanford since it has a higher proportion of grads doing startups coming out of school than any other school

    If you want to work for the man.. W and H are good choices. If you want to do a startup S is the clear choice and that won’t show up in these rankings that value first year employment stats after graduation

  • slayer

    None of this matters. Everyone knows Wharton is the 3rd-best business school no matter what a ranking says in a specific year. H/S are top 2. HSW together is the clear top 3.

  • MBA-and-MBA

    In serious consideration, recruiters prefer Sloan over HBS or Wharton. I’ve heard that multiple times..

  • avivalasvegas

    Great B school! A bit too much power in the hands of the developers but still a great one to attend!

  • SloanStudent

    Not to be nitpicky here, but I got into all of the “backup” M7 schools you mentioned and didn’t go to any of them (not HS – didn’t apply because I didn’t think I would get in). I chose MIT Sloan. And like me, I know a ton of people who got into Wharton, Kellogg and Booth who are studying here with me today (heck I know three people in my year who turned down Harvard to go to Sloan). So just want to throw Sloan’s name out there since you didn’t mention it as a backup to HS hahahah

  • Perilli

    So, the good thing about HBS rejection is that it makes you down to earth! Thats a good thing. We must then start hiring HBS rejects and avoid HBS admits..

  • HBS or bust

    Many/most HBS people are insufferable true. but still, most Wharton people are HBS rejects who would probably be just as insufferable if they had made it to HBS. they just eat some humble pie with the HBS rejection and become a bit more down to earth.

  • Bern

    HBS also predominantly attracts a certain kind of person… a brand-loving, case study swallowing, better-than-thou type….who make extremely self-indulging dismissive comments like the one you just made. Unfortunately, W is left with the rest of the more palatable, down to earth brains who can actually relate to others. And this is the quite ironic result of Wharton’s rise when the rubber meets the road, so to speak.

  • avivalasvegas

    Sorry to say, but any ranking that puts Wharton ahead of HBS or GSB doesn’t deserve an iota of credibility. They’re just not in the same league and Wharton/ Booth and Kellogg are almost always backup programs for HBS/ GSB candidates.

    I have sympathy for P&Q because they are essentially aggregating rankings. But the methodology just isn’t correct if this sort of outcome can occur.

  • maas is the resident P&Q idiot

    consulting is similar across all M7s… can you stop acting like a fool? I bet you aren’t even an MBA student and probably got an online MBA from UIUC

  • TrollGawd

    didn’t mean to put kellogg twice, but my list is pretty damn accurate from all i’ve heard and observed

  • maas

    Half of those Columbia MBB hires are sponsored. Other schools do not include sponsored students in the employment report. Think about it, if Columbia would be top tier in consulting why wouldn’t they separate the sponsored students from the list???

  • maas

    MIT Sloan for tech/telecom

  • M7

    Wharton is way better than any school outside HSW but it is still the stepchild of HSW. Cant imagine more than a small handful HS / Wharton cross admits choosing W.

  • Rigid


  • Ridig

    Spot on. The HYS – how analogy is very accurate. GSB is like YLS. Wharton is the equivalent of SLS. People prefer it over any non-top 3 school but very few would turn down the top 2 for it.

  • hsw

    Very true. W is the safety for H, S. But it is also true that the rest of the M7 and top 10 are safeties for HSW.

  • jocelyn

    What about UNC and Emory’s consulting tier?

  • Ah-ha.

    That is the only explanation that makes the slightest bit of sense here.

  • Roger

    Stanford GSB is the same as Yale Law School. Harvard is Harvard — and the brand carries and has value — but GSB and YLS are just a lot tougher to get into than HBS or HLS. That selectivity and exclusivity is a big part of why people overwhelming choose them vs. their Harvard counterparts (which both have much larger classes). It’s a signaling thing in the end — those in the know are aware of how much more selective they are so they trade at a premium. I think that’s true both on Wall Street and in the Valley.

  • MBA-Watch

    MIT Sloan is better in technology and telecom. Stanford is quite focus on computer science, while in MIT the spectrum is broader and richer.

  • Mijo

    Stanford or MIT Sloan, no doubt about it.

  • Rama

    Amy is right. Those two schools are renowned for their technology curriculums.. SOM is not strong in technical education.

  • Bloomberg

    Bloomberg came out with independent research they had done in I think it was 2016 of where people who got into multiple top schools chose to go. According their numbers, which appeared to be a sample from just the most recent year, Stanford-Harvard cross-admits chose the Stanford GSB 4 out of 5 times. Then Harvard was the overwhelming choice versus others. I know, I know: show me. I will. When googling it quickly, I couldn’t find the article again. The schools won’t confirm this information, but it rings true. And it says nothing about whether people self-select out of certain pools before applying. Also, as I recall it didn’t or couldn’t factor in how financial aid factors in… In any case, the statement that it will take decades of the stated trend continuing for the GSB brand to come close to that of Harvard is really absurd, really actually laughable. The counterpoint that Stanford is miles and miles ahead of Harvard would be absurd too. I find one way people tend to focus in their imputed branding on which schools are the most difficult among the top schools to get into numbers-wise — and that’s Stanford followed by Harvard followed by MIT/Berkeley/Wharton/Chicago, etc trailing off. Anyway, Silicon Valley is still in favor now so would it be a surprise that Stanford leads. It may cycle around at least a bit…

  • what are you smoking?

    delusion is real! Let me have some of whatever you are smoking and maybe SOM would be in the M7😂

  • HBS is nobody’s safety school

    Last figure I saw was 55/45 GSB, and re: “HBS sucks compared to GSB” – – it will take decades more of this trend continuing (and magnifying) for the GSB brand to come even close to that of HBS.

  • Midnight

    50-60 non-sponsored MBB out of a class size of ~650 non-sponsored students for CBS is 8-9% of the class. That compares to 96/491 or 20% for Booth,104/556 (including non-sponsored MMM and 1Y) or 19% for Kellogg, and 48/250 or 19% for Tuck. Some of this is certainly self-selection for industries, but CBS’s large numbers placed at MBB are clearly more a function of sponsored students and its overall size. Even Fuqua placed 34/440 or 8% at MBB.

  • Esuric

    Deloitte likely stopped recruiting at Wharton because of lack of interest

  • amy

    Georgia tech and Purdue Krannert are the best.

  • Anon11111

    Not going to be able to find it…but I read somewhere that the vast majority of those MBB hires were not sponsored people returning. Let’s assume that half of your quoted 105 were MBB-specific sponsors and every single one of them returned (which is definitely not the case), they’d still have 50-60 new MBB hires. Feels like that’s still a very strong showing for CBS.


    Hello there,
    What is the best business school for technology/telecom industry?

  • words

    My man, the word you are looking for is “pastime,” not “past time.”

  • Midnight

    CBS specifically includes 105 sponsored students, many of whom are likely returning to MBB, in its 2016 employment report (haven’t published 2017 yet) whereas schools such as Booth and Kellogg exclude them and only look at students seeking employment.

  • Steve R

    Dual HBS and GSB admit several years ago. Can confirm at least my year that more than 75% chose GSB. I think that trend of GSB over HBS has continued anecdotally. GSB gets dinged in these rankings because of employment at graduation percentages and employer rating scores — but that’s because GSB students are picky and are comfortable waiting awhile for the right opportunity because they are so in demand.

  • James

    Because Columbia bashing is a favorite past time on P&Q despite the fact that they place better than some M7s and way above other T10/T15 programs. It is definitely a tier-1 consulting school.

  • Anon11111

    Just curious – why do people consistently say Columbia is “Tier 2” for consulting? Based on their most recent employment report, they had something like 60-65 full time hires to McKinsey, and another ~55 split between BCG/Bain. I know it’s a big class, but that’s still 10-15% of students going into just McKinsey – seems like that’s at least on par with any other school for consulting. Are people just making assumptions based on their historical finance focus?

  • Spartan22

    The entire M7 and possibly Tuck are “tier 1” for Consulting recruitment. Their career reports are all top-heavy w/ consulting hires.

  • Bob

    wrong. HBS sucks compared to GSB. GSB gets 80+%.

  • Truth

    You’re stupid. What a joke. Tuck is a Tier 1 but Wharton is a Tier 2? Makes no sense. GSB is on the same plane as HBS given the very few consultants that come from there. None of your nonsense even begins to make sense.

  • HBS is nobody’s safety school

    I have seen raw data and the cross-admit battle for HBS-GSB fluctuates each year and is close to even – neither school is a clear winner.

  • Bob

    Why do Rutgers and Georgia have the same Rank despite very different Indexes?

  • maas

    Ignoring the Deloitte anecdote (either way it is a backup for MBB) and not repeating Kellogg, @delag:disqus’s list is accurate. Coming from another M7, I can say his list is spot on for consulting. Those Tier 1 schools are the ones who have MBB recruiters working full time just for each school (aka. McKinsey recruiter who just covers HBS, another recruiter who just covers MIT Sloan, etc)

    Tier 1: HBS, Tuck, GSB, MIT, Kellogg —> Consulting companies camp out at these schools for the entire fall semester
    Tier 2: Wharton, Booth, Ross, Fuqua, Columbia, Yale
    Tier 3: Haas, Darden, Texas, UCLA, Cornell, NYU

  • John

    No need for trolls here. You managed to name Kellogg twice mate. Deloitte recruits at Wharton, more so they beg for students to come but there doesn’t seem to be much interest at all.

  • Randy

    This post is a joke, MBB take how may people from Wharton every year yet its tier 2? You’re a clown, who wants to work at Deloitte over MBB, is that what the Sloan grads aim for?

  • Fact Checker

    I’m not going to comment on what tier Wharton belongs in, but Deloitte obviously recruits at Wharton (they recruit at all of the schools listed above).

  • John Rogers

    Wharton is the safety school for HBS, and HBS is the safety school for Stanford GSB. All that really matters is where students go when they have competing offers, and that is the pecking order (and has been for a long time).

  • Ryan

    not true

  • Brandon

    But what is missing are the other top 10 schools that have broken through over the past 8-10 years… Duke comes to mind. Can Duke and the other P&Q top-10 schools be added to the chart? I know for sure Duke was recently in the top-10 (even though it isn’t currently top 10), so it should be added for completeness…

    Just saying … there are some gaps in the chart

  • TrollGawd

    I’m a first year at Sloan, but here’s how i see the consulting recruiting as in the concentration of recruiting events from my own perspective and from discussing with friends:

    Tier 1: HBS, Tuck, GSB, MIT, Kellogg —> Consulting companies camp out at these schools for the entire fall semester
    Tier 2: Wharton (hell, Deloitte even stopped recruiting there this year), Booth, Kellogg, Ross, Fuqua, Columbia, Yale
    Tier 3: Haas, Darden, Texas, UCLA, Cornell, NYU

  • OG

    I’m not John. But surely the existence of several strong northern and western Ivies is enough to crowd out the south. Its not about bias but about the variety of high-quality schools available.

    Some scenarios for you:
    Would you choose a 20% scholarship to UT Austin MBA over a 20% scholarship to Stanford, Columbia or Wharton?

    Say you get into both HBS and Emory. Emory gives you a 50% scholarship. Would you contact HBS and try to negotiate for more, citing your Emory scholarship?

    Business school applicants (and employers) love strong brands. The Top 12 schools have incredibly strong brands – perhaps unfairly linked to their undergrad reputations. Regardless, you cannot leverage a UNC or UT win for a Haas or HBS win. But you certainly can in the other direction.

    The other thing to keep in mind is desirability of locations. Business schools attract a high number of international candidates (30 – 40%). Internationals tend to favor major coastal cities, because they are more accessible for home travel, are easier to navigate, have more job opportunities, and are more likely to nurture mini-communities from the home country. Also, internationals may feel marginally safer in the NE and West, which historically have a less virulent form of racism than the south truth be told. One of the factors in the MBA rankings has been the acceptance rate, which is determined by the volume of applications. The more applications a school gets, the more selective it becomes, and the better ranked it is, and then the more international and domestic students want to apply. Its a self-perpetuating cycle.

    Anyway, the point is, there are a number of variables feeding into rankings that favor the Stanfords and Whartons of the world. If you step outside the U.S., you’ll notice this phenomenon applies in other countries! Why is LBS so much more desirable than Warwick MBA?

  • remjroth

    Can someone from a consulting background weigh in on how the top sixteen break out in tiers for consulting recruitment?

  • FXTrader33

    I going to side with MBA-Watch here. People are in Awe of Berkeley on the west coast.

  • psk

    Ryan those are some pretty bold accusations. Seems like you have a chip on your shoulder. I think it’s safe to assume you couldn’t get into a top school.

  • Ryan

    No surprise. This just follows form Wharton’s cheating and salary inflation. Every year there is a new trick whether from underreports at the school or inflated numbers from alumni. Somehow HBS and Stanford magically have a big salary drop and Wharton has a huge increase unlike any other top 5 school. With such fake inputs to the poor Forbes ranking this is clearly going to happen even though Wharton has solidly been in 4th place for 7 years.

  • ryan

    I would take Tuck and Haas out of that list. There is a reason it is the M7.

  • Rihsus

    Question if you don’t mind? Can you attest to a southern bias among higher business education? I am wondering why at the moment there isn’t any southern schools in the top 10, although Duke is always a contender. However UNC, UT, and Emory seem to have no chance in rising in the rankings. The only Tier 2/3 school that is making waves is Tepper and again a northern school. Take Emory for example they have top 5 placement in the country, with what seems like top 10 salary however is perpetually in the 17-22 range? What could be the reason?

  • MBA-Watch

    Wrong, it proves the opposite that he is not biased and neutral when publishing a ranking with results that are against his believes..

  • Girlie

    That has got to be the smoothest looking chart I have ever seen. So pretty and all-encapsulating! Thanks for providing such splendid eye-candy! Can it be said that Trump had an immediate brand-name recognition impact to Wharton – though he probably doesn’t add value to the brand itself?

  • C137


    The article says Tepper increased to 13th, but the ranking shows them at 17th.

  • ChuckB

    Hi John,
    It’d be great if you come up with similar compilation for global b-schools also…

    Looking forward to it Sir…!

  • m7aspirant

    If you stand by your Quora comments, then you’re conceding that your rankings methodology is invalid or susceptible to manipulation.

  • MBA-Watch

    the super elite programs, geographically speaking, are: Harvard, MIT, Wharton , Tuck , and Columbia in the east coast, Stanford and Berkeley in the west coast, and Chicago and Kellogg in the Midwest. Those are the best of the best and they are 9, the tenth place is on tough competition with Yale and Duke, so it is almost impossible for Michigan to be a top 10.

  • Rihsus

    They’re probably the only few that doesn’t misreport data…

  • I stand by my Quora comments, though if you think Wharton is better than HBS, I respect that view. The reason we have to separate them is because the international schools would be at a disadvantage in a composite ranking because they would all lose the U.S. News ranking since that list is entirely U.S.-centric. Both Businessweek and Forbes publish separate lists so that also makes it far more difficult to do a mashup of both U.S. and non-U.S. MBA programs. INSEAD and LBS are great schools with world-class MBA offerings. They would certainly be among the top ten U.S. schools. I suppose the biggest question is do I believe they are as good as a U.S. M7 school? Based on GMAT scores and acceptance rates definitely not. Based on immediate career outcomes, it’s super close.

  • MBA-Watch

    HBS is still better than Wharton irrespective of any ranking. There are certain schools with brand and prestige that are very very hard to beat. Take Harvard and MIT names for example, I can’t imagine of any other school that can come close to them in almost every aspect.
    As for INSEAD and LBS, I believe John have said earlier that he thinks they are between 8 to 13 places after the M7 schools.

  • PeetsMBA

    Hi John,
    I had posted a question pointing out your previos stance on Wharton vs HBS where you clearly and publicly (Quora) where of the opinion that HBS is better than Wharton on all metrics. Do you feel it’s inappropriate to comment in the context of the new ranking?

    Also really interested where you would place INSEAD and LBS on this ranking? Why make a seperate internaional ranking and avoid this comparison? 🙂

  • You’re right. BC ranks 47th this year, up three places from last year. A fix is on the way. Sorry about that. My

  • Good question. UCLA’s index score is 86.8. Thanks for catching my mistake.

  • Yes, of course. Rotman is a great school and will be on our separate international list in a couple of weeks. We are waiting for Businessweek to publish its international ranking on Dec. 11,

  • Robert Angelica

    Why does UCLA have a lower Index but a higher Rank than NYU?

  • TechProductGuy

    I know this is a US-specific ranking, but where would Toronto’s Rotman rank if compared against schools in this list?

  • Mba1212 Mba1212

    Boston College (Carroll) appears to be missing. It was ranked #50 last year and moved up in US News and Bloomberg.

  • Cam

    Why’s that? Just a general bias or lack of belief that those those programs can do enough? Think Ross was in the top 10 back in the day (like mid 2000’s).

  • TenX

    Michigan, Emory, Tepper, UNC, UCLA, and Cornell will always be in 12 to 20. whatever ranking methodologies are used..

  • Cam

    God just look at MIchigan Ross across the board – cannot escape the 11-13 range. Even with a huge donation this year and all this other great stuff they’re doing, must be frustrating for them.