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Top business schools by region: North America

QS Global 200 Business Schools Report 2013/14

2 QS Global 200 Business Schools Report 2013/14

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This year’s QS Global 200 Business Schools report divides North America’s top business

schools into four categories, based on their level of international employer recognition:

1. Elite global

Elite Global business schools form an established cadre of the world’s very best business

institutions. They are targeted by a wide range of employers, both domestically, regionally

and globally. Highly international, they typically admit only experienced candidates with

superior GMAT scores and all-round credentials. Their name will transform the resume of

any candidate. MBAs will in many cases go on to be influential business leaders, and can

expect to earn top salaries upon graduation.

2013 2012 Institution CountryEmployer Index

Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

1 1 Harvard Business School United States 100,0 730 4 34 41 941

2 3 Stanford University Graduate School of Business

United States 100,0 729 4 42 35 398

3 4 The Wharton School, University of Pennsylvania

United States 99,9 725 5 35 42 845

4 6 The University of Chicago Booth School of Business

United States 99,6 715 5 33 35 579

5 2 The Kellogg School of Management, Northwestern University

United States 99,6 708 5 40 35 477

6 5 Columbia Business School, Columbia University

United States 98,4 670 5 34 29 213

7 9 UCLA Anderson School of Management

United States 94,1 704 5 33 34 360

8 13 Joseph L. Rotman School of Management, University of Toronto

Canada 91,0 673 4,5 48 31 313

9 7 Sloan School of Management, Massachusetts Institute of Technology (MIT)

United States 88,9 710 5 39 38 390

10 10 The Fuqua School of Business, Duke University

United States 88,1 690 5 40 33 432

11 8 Haas School of Business, UC Berkeley United States 85,2 715 5 37 33 240

12 11 University of Michigan, Ross School of Business

United States 83,8 703 5 36 30 502

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While in the past two years there has been a stable hierarchy of leading schools in North

America, this year’s results see a greater level of variation at the top of the table.

Harvard retains the top spot, with a clear gulf in employer recognition separating it from

any other school in the region. Yet last year’s second-placed institution Kellogg School of

Management drops to fifth, overtaken by Stanford, Wharton and Chicago Booth.

Canadian school Joseph L Rotman is the biggest climber in the top ten, moving up five places

to eighth. The only school to drop out of the top ten this year is UC Berkley’s Haas School of

Business, which drops three places to 11th.

A total of 18 schools from the region qualify for Elite Global status. The two new additions

are the University of North Carolina’s Kenan-Flagler Business School, and the MBA program

at Canada’s University of Alberta. The US accounts for two-thirds of the Elite Global schools

in the region, with 12 to Canada’s six.

The top three schools are also the strongest in terms of students’ average GMAT scores,

suggesting that there is a close match between the perceptions of employers and the best-

qualified MBA students.

13 16 York University, Schulich School of Business

Canada 77,3 664 5 50 36 345

14 12 Richard Ivey School of Business, The University of Western Ontario

Canada 76,0 669 5 31 29 133

15 14 Desautels Faculty of Management at McGill University

Canada 75,3 670 5 55 35 70

16 21 HEC Montreal Canada 72,3 630 7 37 28 113

17 17 Yale School of Management, Yale University

United States 71,5 717 6 27 35 230

18 18 Queen's School of Business Canada 71,2 661 5 40 32 119

Source: QS Global 200 Business Schools Report 2013/14 (TopMBA.com)


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However, the correlation is far less precise beyond the leading three. NYU

Stern School of Business is placed fourth for average GMAT scores but just

21st for employer recognition, with 17th-placed Yale School of Management

and 11th-placed Haas School of Business also boasting among the highest

average GMAT scores.

In the case of NYU Stern, the New York City factor may help it to attract top

candidates, while Berkeley and Yale both have big-name pulling power. In

contrast, Columbia, Rotman and Fuqua all make the top ten for employer

recognition yet have average GMAT scores of under 700 – a benchmark

reached or surpassed by 15 other schools.

InstitutionAvg Salary on Graduation (USD)

Avg Mean Bonus (USD)

% Employed 3 Months After Graduation

Program Length (Months)

Total Tuition Fees (USD)

Harvard Business School 120000 26216 74 24 112350

Stanford University Graduate School of Business

129692 26573 92 24 119100

The Wharton School, University of Pennsylvania

120000 28563 83 21 119472

The University of Chicago Booth School of Business

115079 27680 89 21 117520

The Kellogg School of Management, Northwestern University

120000 21755 86 20 118170

Columbia Business School, Columbia University

103453 25549 94 20 121440

UCLA Anderson School of Management

100000 22320 80 24 75180

Joseph L. Rotman School of Management, University of Toronto

89848 13237 82 18 75000

Sloan School of Management, Massachusetts Institute of Technology (MIT)

118406 22925 94 24 61440

Average salaries

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The Fuqua School of Business, Duke University

112626 27793 80 22 118000

Haas School of Business, UC Berkeley

97000 20272 80 21 77096

University of Michigan, Ross School of Business

111047 26111 85 21 116900

York University, Schulich School of Business

86587 8730 94 16 55900

Richard Ivey School of Business, The University of Western Ontario

93078 10668 90 12 78280

Desautels Faculty of Management at McGill University

90000 22000 98 20 80000

HEC Montreal 72776 5800 71 12 14200

Yale School of Management, Yale University

104147 26318 85 21 114400

Queen's School of Business 62580 9495 80 12 82000


The top three schools for employer recognition and GMAT scores, Harvard,

Stanford and Wharton also have the highest average salaries, underlining

their dominance. Yet second-placed Stanford beats Harvard, with average

salary-plus-bonus remuneration totaling an impressive US$156,235.

McGill University’s Desautels Faculty of Management has the highest

employment rates, with 98% of graduates having secured jobs within three

months of graduation – though at US $112,000, average remuneration is not

quite as high as at the top US schools.

Average salaries for MBAs from Elite Global schools in North America

stand at US$102,573, with an average bonus of $20,666 bringing the

total package to around $123,239. This places them just ahead of MBAs

graduating from Elite Global schools in Europe, who earn average salary-

plus-bonus packages of $122, 983.


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Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

19 15 Sauder School of Business, University of British Columbia

Canada 64,4 646 6 56 26 124

20 20 Thunderbird School of Global Management

United States

60,2 618 5 58 27 303

21 19 Stern School of Business, New York University (NYU)

United States

56,2 720 5 39 35 389

22 31 University of Alberta, Alberta MBA Programs

Canada 53,2 600 5 56 42 80

23 25 Kenan-Flagler Business School, University of North Carolina

United States

49,6 690 5 36 29 290

24 24 Boston University School of Management

United States

48,0 683 5 37 33 147

25 27 Kelley School of Business, Indiana University

United States

38,5 664 5 34 30 178

26 29 Tepper School of Business, Carnegie Mellon University

United States

38,2 693 5 32 27 203

27 22 Tuck School of Business at Dartmouth United States

36,9 716 5 36 35 280

28 30 University of Virginia Darden School of Business

United States

35,9 703 5 34 35 320

29 28 McCombs School of Business, Univ. of Texas at Austin

United States

35,7 684 5 25 33 261

30 37 Texas A&M University, Full-Time MBA Program, Mays Business School

United States

33,2 649 5 35 24 66

Though base salaries tend to be slightly lower than in Europe (US$102,573 compared

to US$107,432), North American graduates earn significantly higher bonuses, averaging

US$20,666 compared to the European figure of US$15,551.

2. Emerging Global

Emerging Global business schools have an established reputation for excellence among

employers that stretches well beyond their region. They attract high-quality candidates from

all over the world, and graduates can expect to earn highly competitive salaries. Though in

many cases they are newer and not as firmly established as the ‘brand name’ institutions that

make up the Elite Global cluster, these institutions will in many cases aspire to break into the

Elite Global group in years to come.

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31 23 S.C. Johnson Graduate School of Management, Cornell University

United States

32,7 700 5 34 30 271

32 44 School of Business Administration, University of Miami

United States

32,2 638 3 29 38 88

33 35 McDonough School of Business, Georgetown University

United States

31,8 684 5 22 29 258

34 33 University of Illinois Urbana-Champaign - Illinois MBA

United States

31,6 650 4 41 26 123

35 36 Georgia Tech College of Management United States

31,3 678 5 13 31 68

36 26 Goizueta Business School, Emory University

United States

30,8 681 5 37 23 205

37 32 Vanderbilt University, Owen Graduate School of Management

United States

29,9 682 5 22 35 175

38 67 The Carroll School of Management, Boston College

United States

28,7 666 4 31 31 103

39 47 Babson College United States

27,4 630 5 42 29 160

40 42 Hult International Business School United States

27,2 610 6 86 29 2250

41 38 Florida International University, Chapman Graduate School of Business

United States

26,1 555 3 41 35 85

42 34 Marshall School of Business, University of Southern California

United States

25,7 700 5 19 30 1794

43 Weatherhead School of Management, Case Western Reserve University

United States

24,0 615 3 52 42 106

44 51 John Molson School of Business, Concordia University

Canada 23,9 623 6 58 37 74

45 43 Edwards MBA University of Saskatchewan

Canada 23,2 550 4 13 17 30

46 56 University of Calgary, Haskayne School of Business

Canada 23,0 620 5 46 32 53



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The US accounts for 22 of the 27 Emerging Global schools in North America, with

Canada claiming five. The three schools closest to the Elite Global category are

Canada’s Sauder School of Business, University of British Columbia, and the US’s

Thunderbird School of Global Management and Stern School of Management, NYU.

Four Emerging Global schools in the region have a GMAT average score of over 700:

NYU Stern (720), Tuck School of Business Dartmouth (716), University of Virginia

Darden School of Business (703), S.C. Johnson Graduate School of Management,

Cornell University (700) and Marshall School of Business, University of Southern

California (700).

As in the Elite Global, the level of correlation between level of employer recognition

and average GMAT scores is highly variable. NYU Stern’s score places it above all

but three of the region’s Elite Global schools, while the lowest-ranked school in the

category for employer recognition, University of Southern California, is among the

best GMAT performers

Average salaries






Sauder School of Business, University of British Columbia

81028 11150 80 16 52000

Thunderbird School of Global Management 83034 N/A N/A 18 86160

Stern School of Business, New York University (NYU)

94968 26291 80 22 122548

University of Alberta, Alberta MBA Programs 73329 9800 94 20 97900

Kenan-Flagler Business School, University of North Carolina

102170 24606 86 21 107984

Boston University School of Management 97734 15561 87 21 87940

Kelley School of Business, Indiana University 97489 19740 89 21 93100

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Tepper School of Business, Carnegie Mellon University

100000 18289 96 21 115000

Tuck School of Business at Dartmouth 115302 27384 93 21 117870

University of Virginia Darden School of Business

109335 27900 92 21 101800

McCombs School of Business, Univ. of Texas at Austin

105112 23426 94 21 97664

Texas A&M University, Full-Time MBA Program, Mays Business School

93511 11040 100 16 46399

S.C. Johnson Graduate School of Management, Cornell University

106900 26900 79 21 111896

School of Business Administration, University of Miami

62613 19429 80 21 83040

McDonough School of Business, Georgetown University

99799 24071 89 21 107200

University of Illinois Urbana-Champaign - Illinois MBA

82693 11667 89 21 59952

Georgia Tech College of Management 93195 15236 94 22 110656

Goizueta Business School, Emory University 103453 25549 94 22 92000

Vanderbilt University, Owen Graduate School of Management

95134 22219 92 21 90000

The Carroll School of Management, Boston College

94147 12290 85 22 84000

Babson College 89742 14706 88 21 83668

Hult International Business School 89510 10000 80 12 65800

Florida International University, Chapman Graduate School of Business

49574 4177 80 12 35490

Marshall School of Business, University of Southern California

82405 16000 93 22 108792

Weatherhead School of Management, Case Western Reserve University

80762 10857 N/A 21 87960

John Molson School of Business, Concordia University

72707 10000 77 16 35255

Edwards MBA University of Saskatchewan 63088 N/A 94 12 35000

University of Calgary, Haskayne School of Business

63300 5000 96 16 27000


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The average starting salary+bonus package for MBAs from Emerging Global schools in

North America stands just short of six figures, at US$97,617. This compares to an average of

$123,239 for graduates from the region’s Elite Global schools.

Seven schools have average six-figure base salaries: Kenan-Flagler Business School,

University of North Carolina (US$102,170), Tepper School of Business, Carnegie Mellon

University ($100,000), Tuck School of Business at Dartmouth ($115,000), University of Virginia

Darden School of Business ($109,335), McCombs School of Business, Univ. of Texas at Austin

($105,112), S.C. Johnson Graduate School of Management, Cornell University ($106,900) and

Goizueta Business School, Emory University ($103,453).

Top salary+bonus packages are earned by MBAs from Tuck School of Business at Dartmouth

($142,686), followed by University of Virginia Darden School of Business ($137,235). The

lowest earners are MBAs from Florida International University, Chapman Graduate School of

Business, with total packages averaging US$53,751.

3. Elite Regional

Elite Regional institutions are well regarded by employers within their region, and may

have started to develop a reputation further afield. Admitted students typically have

strong credentials, though they may be slightly less experienced on average than those at

Elite Global or Emerging Global institutions. Elite Regional institutions are often younger

institutions that, having established an excellent reputation among employers within their

region, will be looking to establish their brand as one with a truly global reach.


Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

47 53 University of Colorado at Boulder Leeds School of Business

United States 22,6 630 5 24 25 83

48 University of Massachusetts - Boston - Boston MBA Program

United States 22,5 587 4 52 50 42

49 University of Victoria - Faculty of Business

Canada 22,2 573 4 57 51 53

50 49 Georgia State University, J. Mack Robinson College of Business

United States 21,7 571 5 43 57 26

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51 64 The Paul Merage School of Business, University of California, Irvine

United States 21,2 673 5 28 23 83

52 45 The Johns Hopkins Carey Business School

United States 20,6 650 3 56 40 N/A

53 78 Darla Moore School of Business, University of South Carolina

United States 20,6 622 5 15 27 93

54 62 University of California - Davis, Graduate School of Management

United States 20,4 692 4 25 35 55

55 74 American University Kogod School of Business

United States 19,8 575 4,5 30 40 30

56 The Fox School of Business, Temple University

United States 19,8 617 5 14 44 52

57 41 Simon Fraser University, Segal Graduate School of Business

Canada 19,7 630 9 36 27 55

58 39 University of Wisconsin-Madison Wisconsin School of Business

United States 19,6 675 5 9 41 118

59 40 Rice University, Jesse H. Jones Graduate School of Business

United States 18,9 676 5 29 35 116

60 55 Max M. Fisher College of Business, The Ohio State University

United States 18,8 673 5 34 25 118

61 Rady School of Management, University of California, San Diego

United States 18,7 680 4,4 47 40 53

62 57 School of Business, George Washington University

United States 16,8 635 4 35 42 113

63 Telfer School of Management, University of Ottawa

Canada 16,5 622 7 49 27 49

64 University of San Francisco, Masagung Graduate School of Management

United States 16,2 570 4 33 51 70

65 W. P. Carey School of Business, Arizona State University

United States 15,0 675 4,8 42 25 69

66 59 University of San Diego United States 14,5 626 4 37 32 20

67 82 Rutgers Business School - Newark and New Brunswick

United States 14,4 644 4 18 18 90



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Average salaries







University of Colorado at Boulder Leeds School of Business 76750 3929 69 21 71146

University of Massachusetts - Boston - Boston MBA Program

N/A N/A 88 20 35000

University of Victoria - Faculty of Business N/A N/A 80 17 27945

Georgia State University, J. Mack Robinson College of Business

80906 N/A 52 14 37544

The Paul Merage School of Business, University of California, Irvine

79000 12840 94 21 94176

The Johns Hopkins Carey Business School N/A N/A N/A 21 96000

Darla Moore School of Business, University of South Carolina

76572 9292 84 23 71580

University of California - Davis, Graduate School of Management

91569 10886 93 21 95494

American University Kogod School of Business 80000 13500 74 22 66028

The Fox School of Business, Temple University 79078 13356 98 24 62624

Simon Fraser University, Segal Graduate School of Business 52000 N/A 68 12 34500

University of Wisconsin-Madison Wisconsin School of Business

91625 18695 86 21 62442

Rice University, Jesse H. Jones Graduate School of Business

99506 16058 92 22 97000

Max M. Fisher College of Business, The Ohio State University

80081 15264 80 21 92704

Rady School of Management, University of California, San Diego

73000 11500 79 21 84000

School of Business, George Washington University 84208 13250 85 21 84645

Telfer School of Management, University of Ottawa 70900 N/A 78 12 37000

University of San Francisco, Masagung Graduate School of Management

70000 2000 65 21 69560

W. P. Carey School of Business, Arizona State University 92556 13000 89 22 94000

University of San Diego 78289 N/A 70 22 73360

Rutgers Business School - Newark and New Brunswick 85053 15593 91 24 80000

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4. Emerging Regional

Emerging Regional institutions have established a solid reputation among employers

within their own country. They will appeal to candidates with fewer years of professional

experience, and graduate salaries are on average more modest than those at Elite Regional

institutions. Having established a good reputation among domestic employers, they will now

be looking to increase their visibility among international employers and students.


Avg GMAT Score

Avg Years Work

% Intern'l

% Female

Class Size

68 46 Claremont Graduate University - Peter F. Drucker

United States 13,9 625 2 30 47 39

69 77 Robert H. Smith School of Business, University of Maryland

United States 13,8 660 4,5 34 31 278

70 54 University of Denver, Daniels College of Business

United States 13,7 614 4 32 30 106

71 50 The Eli Broad Graduate School of Management, Michigan State University

United States 13,3 630 4 33 20 92

72 65 Southern Methodist University, Cox School of Business

United States 13,2 641 4 22 22 108

73 71 Graduate School of Business, California Lutheran University

United States 12,8 550 4 30 40 80

74 Shidler College of Business, University of Hawaii at Manoa

United States 12,6 626 5 16 32 38

75 61 Mendoza College of Business, University of Notre Dame

United States 12,4 692 5 8 23 130

76 Katz Graduate School of Business, University of Pittsburgh

United States 12,3 608 4 44 28 104

77 Pepperdine University, The Graziadio School of Business

United States 12,0 628 4 12 35 25

77 52 Smeal College of Business, Penn State University

United States 12,0 643 5 32 26 80

79 Charles H. Kellstadt Graduate School of Business, DePaul University

United States 11,9 623 4 27 23 52


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80 75 Michael G. Foster School of Business, University of Washington

United States 11,8 670 6 20 38 130

81 58 DeGroote School of Business, McMaster University

Canada 11,7 630 2 24 37 235

82 73 School of Management, University at Buffalo / SUNY

United States 11,4 606 1 30 33 102

83 76 Naveen Jindal School of Managementt, The University of Texas at Dallas

United States 11,3 669 4 40 60 63

83 66 Olin Business School, Washington University in St. Louis

United States 11,2 695 4,4 33 25 148

85 60 Krannert School of Management, Purdue University

United States 11,1 632 4 64 24 239

86 70 Auburn University College of Business United States 9,8 619 3 25 38 48

87 48 University of Minnesota, Carlson School of Management

United States 9,7 690 4 30 25 107

88 Clark University Graduate School of Management

United States 9,5 566 3 59 46 45

89 68 Mason School of Business, College of William & Mary

United States 9,3 610 4 44 40 112

90 LeBow College of Business, Drexel University

United States 9,2 613 5 38 35 35


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Average salaries


Institution

Avg Salary on Graduation (USD)





Claremont Graduate University - Peter F. Drucker 73215 12000 N/A 24 101400

Robert H. Smith School of Business, University of Maryland

92938 12548 82 21 76950

University of Denver, Daniels College of Business 53083 11800 61 21 69840

The Eli Broad Graduate School of Management, Michigan State University

83588 14216 91 24 104724

Southern Methodist University, Cox School of Business 87694 16694 95 22 86072

Graduate School of Business, California Lutheran University

N/A N/A N/A 12 32000

Shidler College of Business, University of Hawaii at Manoa N/A N/A 83 21 42296

Mendoza College of Business, University of Notre Dame 99500 15000 87 21 90260

Katz Graduate School of Business, University of Pittsburgh 63000 9000 86 20 90584

Pepperdine University, The Graziadio School of Business 72815 12756 N/A 20 77523,5294117647

Smeal College of Business, Penn State University 84345 10915 86 21 94232

Charles H. Kellstadt Graduate School of Business, DePaul University

63000 6000 88 18 62700

Michael G. Foster School of Business, University of Washington

109000 14330 97 24 110484

DeGroote School of Business, McMaster University 66700 3000 80 20 76875

School of Management, University at Buffalo / SUNY 50157 6119 77 21 40292

Naveen Jindal School of Managementt, The University of Texas at Dallas

78107 11277 87 16 26000

Olin Business School, Washington University in St. Louis 95000 15000 94 22 99400

Krannert School of Management, Purdue University 85897 15482 83 21 87000

Auburn University College of Business 57169 3786 N/A 17 31500

University of Minnesota, Carlson School of Management 82436 16158 97 22 90000

Clark University Graduate School of Management N/A N/A N/A 24 113850

Mason School of Business, College of William & Mary 75674 12885 83 21 82708

LeBow College of Business, Drexel University 65000 5357 63 18 54000

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