PitchBook’s 2025 Top Universities, Ranked By Number Of MBA Startup Founders

PITCHBOOK’S BEST UNIVERSITIES FOR MBA FOUNDERS

PitchBook compiles its annual list by tallying the number of alumni from each school who have founded capital-backed companies. This year, it based its analysis of more than 173,000 VC-backed founders.

Here are the top 50 programs for MBA founders.

PitchBook 2025: MBA Founders
Rank	University	Founder Count	Company Count	Capital Raised	Change vs. 2024
1	Harvard University	1,906	1,757	$84.6B	–
2	Stanford University	1,196	1,088	$115.1B	–
3	University of Pennsylvania	1,153	1,068	$45.5B	–
4	INSEAD	922	855	$21.5B	–
5	Columbia University	835	780	$26.6B	–
6	Northwestern University	815	780	$21.1B	–
7	University of Chicago	726	672	$21.4B	⬆ +1
8	MIT	717	664	$24.1B	⬇ –1
9	UC Berkeley	536	500	$17.4B	–
10	London Business School	478	443	$11.6B	⬆ +1
11	UCLA	421	398	$10.8B	⬇ –1
12	New York University	420	411	$9.1B	–
13	Tel Aviv University	352	336	$8.4B	–
14	Duke University	271	263	$5.4B	–
15	IE University	255	226	$5.8B	–
16	HEC Paris	225	211	$3.4B	⬆ +6
17	University of Oxford	222	200	$7.0B	⬆ +3
18	Babson College	221	208	$3.8B	⬇ –1
19	USC	207	200	$7.4B	⬇ –1
20	Indian School of Business (ISB)	201	182	$6.2B	⬆ +4
21	University of Texas, Austin	200	183	$2.4B	⬇ –5
22	Cornell University	196	188	$6.4B	⬇ –1
23	Yale University	191	181	$4.3B	–
24	University of Michigan, Ann Arbor	186	184	$4.3B	⬇ –5
25	ESADE	177	168	$1.7B	–
26	IIM Calcutta	153	142	$3.6B	⬆ +3
27	Arizona State University, Tempe	151	148	$5.8B	⬇ –1
28	University of Virginia	143	139	$4.9B	⬇ –2
29	Tsinghua University	135	133	$10.5B	⬆ +4
30	Carnegie Mellon University	132	124	$4.3B	⬆ +1
31	IIM Bangalore	131	124	$2.5B	⬆ +3
T32	Pepperdine University	130	125	$1.6B	⬇ –2
T32	CEIBS	130	128	$8.2B	–
34	Dartmouth College	129	127	$5.7B	⬇ –6
35	Getulio Vargas Foundation	118	117	$696M	⬆ +1
36	University of Toronto	108	103	$3.1B	⬆ +7
37	University of Washington	103	98	$1.8B	⬇ –2
38	UNC Chapel Hill	102	100	$3.6B	⬇ –1
39	Georgetown University	98	91	$3.4B	⬆ +2
40	Boston University	95	94	$837M	⬇ –3
41	York University	91	89	$787M	⬆ +15
T42	ESSEC Business School	90	88	$2.9B	⬇ –3
T42	University of Cambridge	90	84	$1.3B	⬆ +9
44	Peking University	89	89	$3.9B	⬆ +9
T45	University of Minnesota, Twin Cities	87	84	$5.6B	⬇ –3
T45	Emory University	87	84	$2.4B	⬆ +1
47	Santa Clara University	86	85	$3.7B	⬇ –8
48	Reichman University	85	81	$1.7B	⬆ +7
49	Indiana University, Bloomington	84	82	$1.7B	⬇ –4
50	University of Western Ontario	83	82	$1.7B	⬇ –6

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PITCHBOOK’S BEST UNIVERSITIES FOR MBA FOUNDERS

PitchBook 2025: MBA Founders

Rank

University

Founder Count

Company Count

Capital Raised

Change vs. 2024