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List of Ivy League business schools

From Wikipedia, the free encyclopedia

Six of the eight Ivy League universities in the Northeastern United States have a business school that offers a Master of Business Administration degree, including Columbia University, Cornel University, Dartmouth College, Harvard University, the University of Pennsylvania, and Yale University. Wharton School at Pennsylvania and the Charles H. Dyson School of Applied Economics and Management at Cornell also have an undergraduate business program.

History

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Although the Ivy League is an college athletic conference, Ivy League also refers to eight private research universities in the Northeastern United States.[1] Six of the eight Ivy League universities have a business school that offers a Master of Business Administration degree, including Columbia University, Cornel University, Dartmouth College, Harvard University, the University of Pennsylvania, and Yale University.[1][2]

Cappelli, Bonet, and Hamori note, "The Ivy League business schools, associated with higher social class in terms of the income and social status of their students, had a long head start on other MBA programs."[3] The creation of business schools at Ivy League universities occurred over a century ago. Joseph Wharton established the first university-based business school at the Wharton School of the University of Pennsylvania in 1881.[4] In 1900, the Tuck School of Business at Dartmouth College was founded as the world's first graduate school of business.[5][2] The Harvard Business School became the first business school to offer the MBA degree in 1921.[6] Because there were no textbooks for its new MBA program, Harvard pioneered the case study method of teaching which is still used by business schools today.[6]

In 1955, five Ivy League schools—Columbia, Cornel, Dartmouth, Harvard, and Pennsylvania—offered MBA degrees.[3] These five business schools collectively graduated half of the MBA degrees awarded in the United States that year.[3] Also in 1955, Wharton became the first Ivy League business school to admit female students, although only to its undergraduate program.[7] Yale added its MBA program in 1956.[3]

By 2001, Ivy League MBA graduates constituted only five percent of all MBA degrees awarded in the United States but represented over 23 percent of the MBA qualifications held by top executives at Fortune 100 companies.[3] In 2021, Ivy League business schools provided 3,680 MBA graduates, representing only 3.6% of the total MBAs awarded.[3] However, the preference for Ivy League MBA graduates has increased, according to Cappelli, Bonet, and Hamori.[3]

As of 2022, all of the Ivy League MBA programs are ranked in the top fifteen of US colleges by U.S. News & World Report.[1] Forbes ranks the six programs in its top eleven.[1][8] Of the Ivy League business schools, the Tuck School MBA programs accepts the most candidates, with an acceptance rate of 33 percent as of the 2023–24 academic year.[9] Harvard and Columbia have the lowest acceptance rates, at 9.2 percent and 13.6 percent, respectively.[1]

Cost and outcomes

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The average cost of an Ivy League MBA is $100,000 a year, with tuition averaging $78,000 a year as of 2022.[1] BestColleges notes that despite the high tuition rates at Ivy League business schools, graduates from these programs have access to alumni and industry connections that can lead to middle management positions with high salaries.[9] Ivy League MBA graduates from the class of 2021 had a median postgraduate base salary of $150,000 a year.[1]

Ivy League business schools

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Six of the eight Ivy League universities have a business school that offers a Master of Business Administration degree.[1][2][10] Of these six, only the Wharton School at Pennsylvania and the Charles H. Dyson School of Applied Economics and Management at Cornell offer an undergraduate business program.[9] The two remaining Ivy League schools, Brown University and Princeton University, lack both a graduate and undergraduate business program.[9][11][10] However, Princeton does have Master of Finance degree and Brown offers a joint Executive MBA degree with IE Business School in Spain.[1]

School name Host institution Year founded Location Image Degrees offered References
Columbia Business School Columbia University 1916 New York City, New York MPhil, MS, MBA, EMBA, Ph.D. [12]
Harvard Business School Harvard University 1908 Allston, Massachusetts MBA, Ph.D., DBA [13][14]
Samuel Curtis Johnson Graduate School of Management /
Charles H. Dyson School of Applied Economics and Management (undergraduate) 		Cornell University 1909 Ithaca, New York BS, MS, MPS, MBA, EMBA, Ph.D. [15][16]
Tuck School of Business Dartmouth College 1900 Hanover, New Hampshire MBA [17][18]
Wharton School University of Pennsylvania 1881 Philadelphia, Pennsylvania BS, MBA, EMBA, Ph.D. [19]
Yale School of Management Yale University 1976 New Haven, Connecticut MBA, EMBA, Ph.D. [20]

See also

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References

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  1. ^ a b c d e f g h i "MBA programs at Ivy League Universities". AdmitExpert. May 28, 2022. Retrieved 17 Dec 2024.
  2. ^ a b c "How the MBA has moved with the times". Business Worldwide. October 19, 2014. Retrieved 17 Dec 2024.
  3. ^ a b c d e f g Cappelli, Peter; Bonet, Rocio; Hamori, Monika (2024-02-01). "The Changing Ranks of Corporate Leaders". California Management Review. 66 (2): 5–29. doi:10.1177/00081256231213370. ISSN 0008-1256.
  4. ^ "The History of Business Schools". Business Scholars Institute. Georgetown University. Retrieved 2025-01-14.
  5. ^ Schmidt, Andrew, ed. (January 23, 2023). "Tuck School of Business Definition". Investopedia. Retrieved 2025-01-12.
  6. ^ a b "Who invented the Business School?". www.businessbecause.com. 2010-06-01. Retrieved 2025-01-12.
  7. ^ "Old Business School Admit Women". The Virginian-Pilot. Norfolk, Virginia. 1954-06-14. p. 25. Retrieved 2025-01-14 – via Newspapers.com.
  8. ^ "The Best Business Schools". Forbes. 2019. Retrieved 2025-01-14.
  9. ^ a b c d Mielke, James; Black, Valerie (April 2, 2024). Taleb-Agha, Raneem; Covington, Krystal (eds.). "How to Get Into Ivy League MBA Programs". BestColleges. Retrieved 17 Dec 2024.
  10. ^ a b Schweitzer, Karen (April 26, 2019). "Choosing an Ivy League Business School". ThoughtCo. Retrieved 17 Dec 2024.
  11. ^ "Business at the Ivies". The University Guys. November 2023. Retrieved 17 Dec 2024.
  12. ^ "Columbia University Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
  13. ^ "Harvard Business School". Poets & Quants. Retrieved 2024-11-22.
  14. ^ "Harvard University Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
  15. ^ "Cornell University (Johnson) Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
  16. ^ "Johnson School". Poets & Quants. Retrieved 2024-11-22.
  17. ^ "Dartmouth College (Tuck) Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
  18. ^ "Tuck School". Poets & Quants. 18 September 2024. Retrieved 2024-11-22.
  19. ^ "University of Pennsylvania (Wharton) Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
  20. ^ "Yale University Full-Time MBA Program". U.S. News & World Report. 2024. Retrieved January 14, 2025.
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