Best Undergraduate Business Schools in the US | This Week in Admissions News

28/04/20235 minute read
Best Undergraduate Business Schools in the US | This Week in Admissions News
The world of college admissions is ever-changing and for students with top university ambitions, it’s important to stay up-to-date on the latest developments. This week, we take a look at the best undergraduate business schools in the US ranked by Poets&Quants. Check back next week to see what’s new and noteworthy in university admissions!

Best Undergraduate Business Schools in the US

The University of Southern California's Marshall School of Business was ranked the best undergraduate business school by Poets&Quants. Georgetown's McDonough School of Business, UPenn's Wharton, University of Virginia's McIntire School of Commerce and Mendoza College of Business at Notre Dame rounded out the top five. 

Universities were measured on three categories: admission criteria, academic experience and career outcomes. Some 93 universities are featured in the full ranking. These were calculated based on an alumni survey of academic experience and a survey completed by the schools on their salary and alumni data.

Considering finding a job upon graduation is most important, USC’s business school really excelled in the area. Both internship and employment outcomes for Marshall graduates were especially strong this year. Each of the class of 2022 secured an internship before graduation. As for employment, 97.81% of students landed full-time positions within three months of graduating. The reported average starting salary was the 10th-highest of all ranked undergraduate business schools, coming in at $83,777. 

Although it slipped from the top spot to third, Wharton ranked highest in admissions standards and third in career outcomes. Wharton graduates reported the highest average salaries in their jobs immediately after graduating, earning a whopping $100,655. That’s up from last year’s $85,345. 

University of Virginia’s program is unique as it is one of only a handful of elite two-year programmes. Students begin with two years of liberal arts before applying to the McIntire School for entry in their junior year. In 2022, just 11.79% of McIntire applicants were accepted, meaning that even if you get into the University of Virginia – which only about a quarter of applicants do – you’re not guaranteed a spot in the School of Commerce. 

Cornell University’s Dyson SC Johnson School catapulted 10 spots from last year into the top 10 of the 2023 ranking. New York University’s Stern School of Business, University of Michigan’s Ross School of Business, Washington University’s Olin Business School and the University of North Carolina’s Kenan-Flagler Business School made it into the top ten.

Other top stories in admissions news this week:

  1. As part of its graduate school rankings, US News & World Report has ranked US states for their higher education standing. Florida has topped the list, both for higher education and a general ranking for K-12. Washington, California, Colorado and Wyoming round out the top five. Florida is also best for tuition and fees, while Utah has the lowest debt upon graduation. Delaware tops the list for the highest 4-year graduation rate, while Massachusetts is best for educational attainment.
  2. New data from the US Department of Education’s College Scorecard reveals that graduates with degrees in computer science and STEM fields are earning significantly higher salaries compared to those with degrees in liberal arts and humanities, according to an Inside Higher Ed report. The top 20 positions were dominated by computer science programs, with only five non-STEM programs ranking in the top 100. Computer science programs at prestigious universities like Harvard University and the California Institute of Technology secured the top five spots for four-year degrees, with graduates earning an average salary of over $240,000 four years after receiving their diplomas.
  3. As the cost of public universities rises even for in-state students, elite universities might be a better bargain for those receiving aid, the Economic Times has reported. Students who receive federal aid represent a clear majority of US college students these days. As the cost of state universities reaches almost $20,000 even for in-state students, it might be better for your future salary prospects to go to an elite school. For students receiving federal aid, Samuel Merritt University in California is the best bang for your buck considering the high earnings and low cost of attendance.
  4. Some of Japan’s national institutions have begun to introduce quotas to increase the number of female students they admit, signaling a broader shift by public universities, which have previously refrained from using such measures, Times Higher Education has reported. Tokyo Tech is among several national institutions, including Nagoya University, Shimane University and the University of Toyama, to have recently put quotas in place.
  5. According to PIE News, new immigration data reveals that in 2022, the number of international students in the US reached 1,362,157, representing a 10% increase from the previous year, although still lower than the pre-pandemic levels of 2019. China remained the top sending country with 324,196 students (-24,796 from 2021), followed by India, which had 64,300 more students than the previous year, South Korea, Canada, and Brazil. Nigeria sent the highest number of African students to the US.
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