The M7 business schools are the seven most prestigious and selective business schools in the United States. They are: Harvard Business School, Stanford Graduate School of Business, Wharton School of the University of Pennsylvania, Columbia Business School, Kellogg School of Management at Northwestern University, Booth School of Business at the University of Chicago, and Tuck School of Business at Dartmouth College.
The M7 schools are known for their rigorous academic programs, high-powered faculty, and extensive networks of successful alumni. They also share a commitment to producing ethical leaders who make a positive impact on society.
Graduates from the M7 schools tend to be very successful in their careers, earning salaries that are well above average. In fact, MBA graduates from these schools have some of the highest median starting salaries of any graduate degree program.
For example, according to US News & World Report, the median starting salary for MBA graduates from Harvard Business School is $101,000. Base salaries for MBA graduates according to Investopedia, fall between $65,000 and $192,000.
While location and school attended are two important factors in determining salary levels, there are other factors that contribute as well. For instance, mid-career professionals make up a significant portion of MBA students, and they often earn higher salaries than recent graduates.
So if you're considering pursuing an MBA, know that there's a good chance you can earn a six-figure salary after graduation - especially if you attend one of the M7 business schools.
The 7 Top MBA Programs in the US
No matter what your long-term career goals may be, getting an MBA can give you the skills and credentials you need to take your career to the next level. But with so many different programs to choose from, how do you know which one is right for you?
To help narrow down your options, here are seven of the top MBA programs in the United States:
1. Harvard Business School
One of the most prestigious business schools in the world, Harvard offers a rigorous curriculum that will challenge and prepare you for any number of leadership roles. Located in Boston, Massachusetts, HBS also has a strong alumni network that can open doors throughout your career.
2. Stanford Graduate School of Business
Located in Silicon Valley, Stanford GSB is uniquely positioned to provide students with unparalleled access to some of the world’s most innovative companies. If you want to pursue a career in tech or entrepreneurship, this is definitely the place to be.
3. University of Pennsylvania – Wharton School
Wharton is widely considered to be one of the best business schools in the country, and for good reason. The school offers a comprehensive education that covers all aspects of business, from finance and accounting to marketing and operations. And with a location in Philadelphia, Pennsylvania, there are ample opportunities for internships and jobs after graduation.
4. Northwestern University – Kellogg School of Management
Kellogg is another top-ranked business school, known for its strong focus on general management and leadership development. The school also has a global perspective, with campuses in Evanston, Illinois and Miami, Florida as well as international partnerships that offer study abroad opportunities.
5. UC Berkeley – Haas School of Business
Haas is consistently ranked as one of the top public business schools in the country. Located in Berkeley, California, Haas provides students with unique insights into the Silicon Valley startup scene while also offering a traditional business education. And with a diverse student body representing over 60 countries, you’ll have plenty of opportunity to learn about different cultures and perspectives.
Columbia Business School
Columbia Business School is one of the top business schools in the United States, according to U.S. News & World Report. The school is ranked 7th in the nation and is part of the M7 group of elite business schools.
The acceptance rate at Columbia Business School is 16%, which means that only a small fraction of applicants are accepted each year. But those who are admitted can expect to earn a good salary after graduation. MBA graduates from Columbia earn an average salary of $70,000-$350,000, making it one of the highest-paying business programs in the country.
If you're considering applying to Columbia Business School, be aware that the competition is fierce. But if you're up for the challenge and willing to put in the hard work, it could be worth your while – both financially and professionally.
Harvard Business School: A Top-Ranked MBA Program
The highly esteemed Harvard Business School has once again been ranked among the top 5 business programs in the nation by US News & World Report. This comes as no surprise to those familiar with the program, which has long been considered one of the best in the world. The school is also 4th on the QS Global MBA Rankings, further cementing its reputation as a top choice for business students.
Some of the school's famous alumni include Andy Jassy, Michael Bloomberg, and Anne Sarnoff. With such successful graduates, it's no wonder that the acceptance rate at Harvard Business School is a competitive 12%.
For students looking for a top-ranked MBA program, Harvard Business School should definitely be on their list.
The MIT Sloan School of Management
There are few businesschools as highly-regarded as the MIT Sloan School of Management. Tied with Harvard for the 5th spot, Sloan is ranked by US News & World Report as one of the top business school in the nation.
Not only is Sloan highly regarded by US News, it's also the number one school on QS Top Universities list of global MBA schools. So if you're looking for a top-notch business education, Sloan is definitely worth considering.
What makes Sloan so special? For starters, it has an excellent reputation. The school is known for producing graduates who go on to become leaders in their fields. Additionally, its faculty includes some of the most respected names in business and academia.
But what really sets Sloan apart is its focus on innovation and entrepreneurship. The school has produced numerous successful startups, and its students are constantly coming up with new ideas and technologies that change the way businesses operate.
If you're thinking of applying to Sloan, keep in mind that it's a competitive school. The average GMAT score of accepted students is 720, so you'll need to make sure your application is strong.
But if you do get in, you'll be joining an elite group of students who are poised to change the world of business.
Northwestern University Kellogg School of Management
There's no doubt that the Northwestern University Kellogg School of Management is one of the best business schools in the country. With a 4th-place ranking on US News's list of best businesses school and 2nd place by The Economist, Kellogg is a top pick for anyone striving to get a first-rate education in business.
But what really sets Kellogg apart is its robust, diverse, and accomplished alumni network. With over 60,000 alumni around the world, Kellogg graduates are leaders in their industries and communities. And with an acceptance rate of just 20%, you can be sure that only the most qualified and driven students are admitted to the school.
So if you're looking for a top-notch business education from a school with a proven track record of success, look no further than Northwestern University Kellogg School of Management.
Stanford Graduate School of Business
The Stanford Graduate School of Business is the most highly sought-after business school worldwide. Every year, they receive approximately 7,000 applications and only 6% of those applicants are admitted. The class of 2022 is made up of 47% women and 65 countries are represented. The average GPA for students at Stanford is 3.8 and their average GMAT score is 733.
The Stanford Graduate School of Business is one of the M7 business schools, which are considered to be the seven most prestigious business schools in the world. Located in Silicon Valley, Stanford GSB has a strong focus on entrepreneurship and innovation. Their faculty includes some of the world's leading thinkers in business, such as Clayton Christensen, Jeffrey Pfeffer, and Bob Sutton.
If you're looking to get your MBA from the best of the best, then Stanford GSB should definitely be at the top of your list. Although their admissions process is highly competitive, it's worth it to put your best foot forward and try to stand out from the rest of the crowd. Who knows? You could be one of the lucky few who gets to call themselves a Stanford MBA!
University of Chicago Booth School of Business
The University of Chicago Booth School of Business has released the average GPAs and GMAT scores for the incoming class. The average GPA of the admitted students was 3.60 and their average GMAT score was 724. These numbers are very impressive and show that the students at Booth are some of the best in the country.
Booth sits comfortably among the top business schools in the nation, as ranked by US News and World Report (#7). The school offers a variety of programs including MBA, PhD, Executive MBA, and more. Booth is also home to a world-renowned faculty who are leaders in their respective fields.
The admissions process at Booth is extremely competitive. In order to be considered for admission, applicants must have a high GPA and GMAT score. Additionally, applicants must have several years of work experience in order to be eligible for admission into the MBA program.
If you are considering applying to Booth, make sure that you have a strong application. These average GPAs and GMAT scores should give you an idea of what kind of competition you will be up against.
UPenn Wharton School of Business
The University of Pennsylvania's Wharton School of Business is one of the most prestigious business schools in the United States.
It is ranked 2nd by the US News & World Report. It has a selective admissions process, receiving over 7000 applications each year. The class of 2023 has 897 enrolled students.
Wharton offers a comprehensive business education, with programs ranging from management to entrepreneurship to finance. The school also has a strong research program, with faculty members conducting groundbreaking work in areas like behavioral economics and marketing.
Wharton graduates go on to successful careers in a variety of fields. Many become leaders in their industries, while others start their own businesses or pursue finance careers. Whatever their chosen path, Wharton alumni are well-prepared to succeed in the business world.
There are many MBA programs available in the United States, each with their own unique strengths. Some of the top MBA programs in the country include the seven that are listed above. Rigorous curriculums and strong alumni networks offered by these programs can help advance your career.