The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration. The MBA degree originated in the United States in the late 19th century when the country industrialized and companies sought scientific approaches to management. The core courses in an MBA program introduce the various areas of business such as accounting, finance, marketing, human resources and operations management; many programs include elective courses.[see more at wiki]
Academic Factors Comparison Between Best Colleges in Master Of Business Administration (MBA) Major
1 public and 9 private schools are ranked in the top 10 Master of Business Administration (MBA) colleges. The average acceptance ratio of the schools is 11.30% where Harvard University has the tightest acceptance ratio of 5% and New York University has the highest ratio of 32%. Total 247,511 students are enrolled into best Master of Business Administration (MBA) schools where New York University has the largest population with 50,550 students and Dartmouth College has the smallest with 6,409 students. The average graduation rate is 93.50% and the average students to faculty ratio is 8.00:1 at those colleges.
Next table shows the academic information and key facts of the best Master of Business Administration (MBA) colleges including acceptance ratio, graduation rates, student population, and students to faculty ratio.| Rank | Name | Acceptance Rates | Graduation Rates | Population | Student-Faculty Ratio |
|---|---|---|---|---|---|
| 1 | Harvard University Cambridge, MA | 5% | 97% | 29,908 | 7:1 (14.29 %) |
| 1 | Stanford University Stanford, CA | 5% | 94% | 17,184 | 10:1 (10.00 %) |
| 1 | University of Pennsylvania Philadelphia, PA | 9% | 95% | 24,960 | 6:1 (16.67 %) |
| 4 | University of Chicago Chicago, IL | 8% | 94% | 15,775 | 6:1 (16.67 %) |
| 5 | Massachusetts Institute of Technology Cambridge, MA | 8% | 93% | 11,376 | 3:1 (33.33 %) |
| 6 | Northwestern University Evanston, IL | 11% | 94% | 21,823 | 7:1 (14.29 %) |
| 7 | University of California-Berkeley Berkeley, CA | 17% | 92% | 40,154 | 18:1 (5.56 %) |
| 8 | Columbia University in the City of New York New York, NY | 7% | 94% | 29,372 | 6:1 (16.67 %) |
| 9 | Dartmouth College Hanover, NH | 11% | 97% | 6,409 | 7:1 (14.29 %) |
| 10 | New York University New York, NY | 32% | 85% | 50,550 | 10:1 (10.00 %) |
| Average | 11.30% | 93.50% | 247,511 (Total) | 8.00:1 (12.50 %) |
Best Master of Business Administration (MBA) Colleges 2018 Tuition & Fees Comparison and 2019 Estimated Costs
Next table lists 2017-2018 tuition & fees and compares the costs between Best Master of Business Administration (MBA) 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 Master of Business Administration (MBA) schools is $51,393 where Columbia University in the City of New York has the most expensive costs with $57,208 and University of California-Berkeley has the lowest amount of tuition with with $42,184. The average graduate tuition & fees of best Master of Business Administration (MBA) schools is $46,547 where University of Chicago has the highest tuition with $57,000 and University of California-Berkeley has the lowest amount of tuition with with $29,272.
| Rank | School Name | 2018 Tuition & Fees | 2019 Estimated Tuition & Fees | ||
|---|---|---|---|---|---|
| In-State | Out-of-State | In-State | Out-of-State | ||
| 1 | Harvard University | $48,949 | $50,898 | ||
| 1 | Stanford University | $49,617 | $51,352 | ||
| 1 | University of Pennsylvania | $53,534 | $55,687 | ||
| 4 | University of Chicago | $56,034 | $59,816 | ||
| 5 | Massachusetts Institute of Technology | $49,892 | $51,374 | ||
| 6 | Northwestern University | $52,678 | $54,566 | ||
| 7 | University of California-Berkeley | $14,170 | $42,184 | $14,863 | $44,276 |
| 8 | Columbia University in the City of New York | $57,208 | $59,444 | ||
| 9 | Dartmouth College | $53,368 | $55,370 | ||
| 10 | New York University | $50,464 | $51,906 | ||
| Average | $14,170 | $51,393 | $14,863 | $53,469 | |
| Rank | School Name | 2018 Tuition & Fees | 2019 Estimated Tuition & Fees | ||
|---|---|---|---|---|---|
| In-State | Out-of-State | In-State | Out-of-State | ||
| 1 | Harvard University | $45,958 | $47,587 | ||
| 1 | Stanford University | $47,940 | $47,940 | ||
| 1 | University of Pennsylvania | $37,134 | $38,729 | ||
| 4 | University of Chicago | $57,000 | $59,245 | ||
| 5 | Massachusetts Institute of Technology | $52,892 | $54,588 | ||
| 6 | Northwestern University | $52,679 | $54,558 | ||
| 7 | University of California-Berkeley | $14,170 | $29,272 | $14,863 | $29,948 |
| 8 | Columbia University in the City of New York | $46,956 | $48,401 | ||
| 9 | Dartmouth College | $51,792 | $53,325 | ||
| 10 | New York University | $43,848 | $45,379 | ||
| Average | $14,170 | $46,547 | $14,863 | $47,970 | |
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