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U.S. News & World Report has released its latest ranking of 2019’s Best Graduate Schools including which business schools had the highest average starting salaries among their MBA graduates in 2017.
While Harvard University and the University of Chicago’s Booth School of Business tied for the top spot in U.S. News & World Report’s overall rankings, neither school was actually at the top when it comes to the rankings that matter: which business school’s graduates made the most money?
The answer to that all-important question, according to U.S. News & World Report, is the University of Pennsylvania, which they determined made an average starting salary of $159,815 in 2017.
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Top 20 Business Schools (based on average starting salary)
1. University of Pennsylvania, $159,815
2. Stanford University, $159,440
3. Harvard University, $158,049
4. University of Virginia, $153,576
5. Dartmouth College, $152,805
6. Cornell University, $152,207
7. Columbia University, $151,849
8. University of Chicago, $151,085
9. University of Michigan, $150,052
10. Massachusetts Institute of Technology, $148,451
11. Duke University, $147,857
12. University of California–Berkeley, $146,752
13. Northwestern University, $146,259
14. New York University, $146,024
15. Carnegie Mellon University, $145,463
16. University of Washington, $143,674
17. Emory University, $143,410
18. University of California–Los Angeles, $141,197
19. University of Texas-Austin, $139,406
20. Yale University, $137,155
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OVERALL RANKINGS
Best Business Schools – Full Time
1. Harvard University (MA) (tie)
1. University of Chicago (Booth) (tie)
3. University of Pennsylvania (Wharton)
Best Business Schools – Part Time
1. University of California–Berkeley
2. University of Chicago (Booth) (tie)
3. Northwestern University (IL)
Best Education Schools
1. University of California—Los Angeles
2. Harvard University (MA) (tie)
2. University of Wisconsin—Madison (tie)
Best Engineering Schools
1. Massachusetts Institute of Technology
2. Stanford University (CA)
3. University of California–Berkeley
Best Law Schools
1. Yale University (CT)
2. Stanford University (CA)
3. Harvard University (MA)
Best Medical Schools – Research
1. Harvard University (MA)
2. Johns Hopkins University (MD)
3. New York University (Langone) (tie)
3. Stanford University (CA) (tie)
Best Nursing Schools – Master’s
1. Johns Hopkins University (MD)
2. Duke University (NC)
3. Emory University (GA)
The six graduate disciplines U.S. News ranks annually are evaluated on factors such as employment rates and starting salaries for graduates and standardized test scores of newly enrolled students. Because each graduate program is different, the rankings methodology varies across disciplines.
Related: List Of World’s Top 20 MBA Programs With The Highest-Paid Graduates