Top Production and Operations Schools Admission and Tuition Comparison

Massachusetts Institute of Technology is ranked first in Production / Operations and Carnegie Mellon University is placed in second.
Operations management is an area of management concerned with overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed, and effective in terms of meeting customer requirements. It is concerned with managing the process that converts inputs (in the forms of raw materials, labor, and energy) into outputs (in the form of goods and/or services). [see more at wiki]


Academic Factors Comparison Between Best Colleges in Production / Operations Major

3 public and 7 private schools are ranked in the top 10 Production / Operations colleges. The average acceptance ratio of the schools is 23.10% where Stanford University has the tightest acceptance ratio of 5% and Indiana University-Bloomington has the highest ratio of 79%. Total 283,807 students are enrolled into best Production / Operations schools where Indiana University-Bloomington has the largest population with 49,695 students and Massachusetts Institute of Technology has the smallest with 11,376 students. The average graduation rate is 90.00% and the average students to faculty ratio is 9.00:1 at those colleges.
Next table shows the academic information and key facts of the best Production / Operations colleges including acceptance ratio, graduation rates, student population, and students to faculty ratio.
Table. Best Production / Operations Colleges Overview
RankName Acceptance RatesGraduation RatesPopulationStudent-Faculty Ratio
1 Massachusetts Institute of Technology
Cambridge, MA
8%93%11,376 3:1 (33.33 %)
2 Carnegie Mellon University
Pittsburgh, PA
22%90%13,258 10:1 (10.00 %)
3 University of Pennsylvania
Philadelphia, PA
9%95%24,960 6:1 (16.67 %)
4 University of Michigan-Ann Arbor
Ann Arbor, MI
29%91%44,718 12:1 (8.33 %)
5 Stanford University
Stanford, CA
5%94%17,184 10:1 (10.00 %)
6 Northwestern University
Evanston, IL
11%94%21,823 7:1 (14.29 %)
7 Purdue University-Main Campus
West Lafayette, IN
56%76%41,513 12:1 (8.33 %)
8 Columbia University in the City of New York
New York, NY
7%94%29,372 6:1 (16.67 %)
8 Harvard University
Cambridge, MA
5%97%29,908 7:1 (14.29 %)
10 Indiana University-Bloomington
Bloomington, IN
79%76%49,695 17:1 (5.88 %)
Average23.10%90.00%283,807 (Total) 9.00:1 (11.11 %)

Best Production / Operations Colleges 2018 Tuition & Fees Comparison and 2019 Estimated Costs

Next table lists 2017-2018 tuition & fees and compares the costs between Best Production / Operations Colleges. The 2017-2018 costs are officially published by IPEDS, U.S. Department of Education. The estimated costs for year 2018-2019 are calculated and estimated based on each school's tuition rates last year.

For the undergraduate programs, the average tuition & fees of best Production / Operations schools is $47,530 where Columbia University in the City of New York has the most expensive costs with $57,208 and Purdue University-Main Campus has the lowest amount of tuition with with $28,794. The average graduate tuition & fees of best Production / Operations schools is $43,188 where Massachusetts Institute of Technology has the highest tuition with $52,892 and Purdue University-Main Campus has the lowest amount of tuition with with $28,794.
UndergraduateGraduate
Table. Best Production / Operations Colleges 2018 Undergraduate Tuition & Fees Comparison and 2019 Estimation
RankSchool Name 2018 Tuition & Fees2019 Estimated Tuition & Fees
In-StateOut-of-StateIn-StateOut-of-State
1Massachusetts Institute of Technology $49,892$51,374
2Carnegie Mellon University $52,310$52,310
3University of Pennsylvania $53,534$55,687
4University of Michigan-Ann Arbor $14,826$47,476 $14,357$47,953
5Stanford University $49,617$51,352
6Northwestern University $52,678$54,566
7Purdue University-Main Campus $9,992$28,794 $9,982$28,784
8Columbia University in the City of New York $57,208$59,444
8Harvard University $48,949$50,898
10Indiana University-Bloomington $10,533$34,845 $10,680$35,454
Average$11,784$47,530$11,673$48,783
Table. Best Production / Operations Colleges 2018 Graduate School Tuition & Fees Comparison and 2019 Estimation
RankSchool Name 2018 Tuition & Fees2019 Estimated Tuition & Fees
In-StateOut-of-StateIn-StateOut-of-State
1Massachusetts Institute of Technology $52,892$54,588
2Carnegie Mellon University $42,597$42,597
3University of Pennsylvania $37,134$38,729
4University of Michigan-Ann Arbor $22,696$45,484 $23,635$47,369
5Stanford University $47,940$47,940
6Northwestern University $52,679$54,558
7Purdue University-Main Campus $9,992$28,794 $9,982$28,784
8Columbia University in the City of New York $46,956$48,401
8Harvard University $45,958$47,587
10Indiana University-Bloomington $10,279$31,448 $10,570$33,275
Average$14,322$43,188$14,729$44,383

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