Review of Top 10 MBA Schools

Many prospective applicants to MBA programs seek admission to those schools with outstanding academic reputations and a lengthy list of successful and notable graduates.  These schools, known by many as the top ranking or top-tier schools, typically possess highly selective admission rates and highly diverse student populations.  These schools do not accept many students, so those applicants seeking admission should possess superior academic achievement and excellent learning potential.  These  schools are likely to select candidates that will carry on the traditions of academic excellence and a stellar reputation.
The Top 10 MBA Schools, according to US News and World Report, are listed as follows, accompanied by a brief review of each school and some noted statistics:

1. Harvard University: The average GMAT rate is 707, and the acceptance rate is just under 15 percent.  For Harvard graduates, the average starting salary is over $108,000 annually. The standard full-time MBA program is completed over a period of 17 months.
2. Stanford University: Stanford boasts an average GMAT rate of 720, and its graduates typically earn over $111,000 in their first positions upon graduation.
3. University of Pennsylvania (Wharton): Wharton’s graduates typically garner GMAT scores around 714, and approximately one-third of its student body is comprised of female students.
4. Massachusetts Institute of Technology (Sloan): This 18-month program has a 20 percent acceptance rate, and the average GMAT rate is just under 700.
5. Northwestern University (Kellogg): This 22-month program is comprised of approximately two-thirds White students, with approximately 3,000 students in attendance.
6. University of Chicago: This program accepts a greater number of part-time students than full-time students, and the average student possesses five years of work experience upon acceptance into the program.
7. Dartmouth College (Tuck): This small yet competitive MBA program of approximately 500 students is three-quarters male, and over three-quarters of all students are typically dependent upon financial aid to support their education.
8. University of California - Berkeley (Haas): This program was founded in 1943 and boasts a diverse population, with two-thirds of all students from cultures and races other than Caucasian.
9. Columbia University (NY): This school offers a variety of programs for full and part-time students, and the average GMAT score is 714.  Graduates earn an annual starting salary of approximately $101,500.
10. New York University (Stern): NYU’s business school enrolls more part-time than full-time students, with a diverse student body.  Graduates earn an annual starting salary of approximately $95,000.

These schools comprise some of the most desirable characteristics that MBA programs have to offer to prospective candidates.  Due to the selectivity of these schools and the nature of their programs, admissions are highly competitive, and generally, only the finest candidates with the most successful academic credentials are selected for admission. Since these programs are so selective, those students that are admitted and are successful in these programs are likely to acquire challenging and lucrative positions upon graduation.  Therefore, the allure of these schools is logical, and therefore, they offer the most opportunity for the money spent.

Sources:
http://gradschools.usnews.rankingsandreviews.com/usnews/edu/grad/rankings/mba/brief/mbarank_brief.php

http://www.businessweek.com/bschools/04/

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