Last Updated on November 13, 2022 by Ibrahim Agboola
Business is the most common undergraduate degree in the country, with roughly 375,000 students earning a bachelor’s degree in the field each year. The popularity of a business degree has held for several years now, owing to flexible career paths and higher-than-average salaries. Read on to see the best colleges in business, top US universities for business & management
Best Colleges In Business
1. Babson College
Courtesy of Babson College
- Location: Wellesley, Massachusetts
- Estimated price with average grant: $33,300
- Graduation rate: 91%
- Median earnings for recent business graduates: $66,350
Business is in Babson’s D.N.A. From the start, the college has focused on business education, and today the college offers a single undergraduate degree: a B.S. in business. Students get hands-on experience from the get-go, launching a startup business as part of a freshmen team. The list of ventures started by alums spans a range of sizes and industries, including home security company Ring, craft brewing company Peak, and the fitness brand Zumba.
2. Bentley University
Courtesy of Bentley University
- Location: Waltham, Massachusetts
- Estimated price with average grant: $45,200
- Graduation rate: 89%
- Median earnings for recent business graduates: $65,100
Bentley specializes in business education, with more than 9 in 10 undergraduates earning a degree in a business field. Undergraduates can take advantage of the school’s trading room to learn about portfolio construction, corporate finance and risk management. That real-world training pays off: 98% of recent graduates were employed or attending graduate school six months after graduation, according to the school’s career center.
3. CUNY Bernard M Baruch College
- Location: New York City
- Estimated price with average grant: $4,100
- Graduation rate: 66%
- Median earnings for recent business graduates: $46,000
Business is the most popular academic area at Baruch College, with three-quarters of its 15,000 undergraduates studying at the Zicklin School of Business. For New Yorkers, Baruch is an outstanding bargain. And for prospective business students, the school’s location is a big draw: students attend classes in Manhattan, within easy reach of Wall Street and the headquarters of several Fortune 500 companies.
4. University of Pennsylvania
Courtesy of The University of Pennsylvania
- Location: Philadelphia
- Estimated price with average grant: $25,500
- Graduation rate: 95%
- Median earnings for recent business graduates: $95,950
With its Wharton School — a name that’s synonymous with top business education — UPenn draws some of the country’s top business thinkers to its faculty, including well-known academics such as management professor Adam Grant, marketing professor Americus Reed II and economist Olivia Mitchell. Graduates boast impressive earnings, particularly finance majors, who have average salaries well above six figures within three years of graduation.
5. Georgetown University
Courtesy of Georgetown University
- Location: Washington, D.C.
- Estimated price with average grant: $32,400
- Graduation rate: 94%
- Median earnings for recent business graduates: $80,750
In addition to old-fashioned coursework, business students at Georgetown University get the chance to participate in international business strategy competitions, undergraduate research and consulting projects for companies and non-profit organizations. The business school also offers one-on-one career coaching, plus programs like “career treks,” where undergraduates travel to network with alumni and Fridays in the Field, where students visit companies throughout the Washington, D.C. area.
6. Bryant University
Courtesy of Bryant University
- Location: Smithfield, Rhode Island
- Estimated price with average grant: $42,200
- Graduation rate: 80%
- Median earnings for recent business graduates: $56,500
Bryant focuses on giving its many business students a cross-disciplinary advantage: All business students combine their major with a liberal arts minor, and 40% choose to complete more than one concentration outside of business. One of the many hands-on learning experiences is the $2.1 million, student-run Archway Investment Fund. There’s also the university’s popular Global Supply Chain Management Practicum, through which students have worked through real-life business scenarios from major corporations, including Hasbro and CVS.
7. University of Notre Dame
Courtesy of The University of Notre Dame
- Location: Notre Dame, Indiana
- Estimated price with average grant: $31,700
- Graduation rate: 97%
- Median earnings for recent business graduates: $73,100
Classes at Notre Dame’s Mendoza College of Business are purposefully small, to give students access to personalized attention on both their coursework and their career planning. Students can choose from one of five business majors, and outside of the classroom, they can double down on their education by joining one of many business-focused student organizations, including the Entrepreneurship Society of Notre Dame, the League of Black Business Students or the Finance Club.
8. University of Michigan
Courtesy of The University of Michigan
- Location: Ann Arbor, Michigan
- Estimated price with average grant: $18,800
- Graduation rate: 92%
- Median earnings for recent business graduates: $78,980
Money’s No. 1 college in 2022, the University of Michigan excels in many areas, and its Ross School of Business is no exception. Among the school’s many “action-based” learning opportunities is the annual Michigan Business Challenge, a competition where students can win prize money by pitching a business plan to a panel of judges. Last year, the school reported that more than nine in 10 business graduates had a job offer within six months, and recent alumni have gone on to work at the likes of Goldman Sachs, Google and TikTok.
9. Indiana University-Bloomington
Courtesy of the Indiana University
- Location: Bloomington, Indiana
- Estimated price with average grant: $13,900
- Graduation rate: 78%
- Median earnings for recent business graduates: $69,150
The Kelley School of Business is one of the biggest schools at this large state university, offering students 20 business-related majors. Regardless of what you major in, a global perspective is encouraged, with six in 10 Kelley students participating in a study abroad program. (They can choose from 59 programs in 29 countries.) Some 700 companies recruit at the school each year, and job placement rates for Hoosiers with a business degree are high.
10. University of Georgia
University of Georgia Marketing and Communications
- Location: Athens, Georgia
- Estimated price with average grant: $17,500
- Graduation rate: 84%
- Median earnings for recent business graduates: $57,550
Founded over 100 years ago as the South’s first business school, Terry College at the University of Georgia remains a leader in undergraduate business education. In addition to 10 business-related majors, the college offers a wide array of certificate programs that give students the opportunity to build a custom education. While UGA is a big school — there are more than 2,000 students who graduate with business degrees each year — a student-to-student mentoring program connects upperclassmen with new undergraduates so they don’t get lost in the shuffle.
Top US Universities For Business & Management
Want to study business and management in the United States? The country has no shortage of top business schools to choose from, with 43 US entries in QS’s latest ranking of the world’s top 200 universities for business and management. Read on for an overview of the top 10 business schools in the US.
1. Harvard University
Harvard University overtook the UK’s London Business School to feature at 1st in the business and management ranking this year, and is ranked 3rd in the world overall in the QS World University Rankings® 2016-2017. Harvard Business School (HBS), founded in 1908, owns Harvard Business Publishing, which publishes the famous Harvard Business Review magazine. It has an enrolment of just over 2,000 students on MBA and doctoral programs.
2. Stanford University
Ranked 4th in the world for business and management, Stanford University has one of the most selective business schools in the US, with only around a 7% acceptance rate. Renowned for producing a remarkable number of successful business leaders and entrepreneurs from its alumni, Stanford is located at the heart of California’s Silicon Valley, home to a range of famous high-tech corporations and start-ups.
3. University of Pennsylvania
The University of Pennsylvania is ranked 5th worldwide for business and management. Its business school, the Wharton School of the University of Pennsylvania, is the oldest of its kind in the US, established in 1881 through a donation from industrialist Joseph Wharton. It has around 5,000 students and 94,000 alumni worldwide, including the CEOs of companies such as Google and Apple.
4. Massachusetts Institute of Technology (MIT)
Massachusetts Institute of Technology (MIT) – which tops the overall QS World University Rankings – comes 6th in the business and management ranking. Its Sloan School of Management has an enrolment of approximately 1,600 students and follows the university motto “mens et manus”, or mind and hand, which emphasizes the need to find practical solutions to real-life problems.
5. University of California, Berkeley (UCB)
The next of the top US universities for business and management is the University of California, Berkeley (UCB), which ranks 12th in the world for business and management. Its Haas School of Business, named after former Levi Strauss & Co. president and chairman Walter A. Haas, is the second-oldest business school in the US (founded in 1898) and educates about 2,200 undergraduate and graduate students.
6. Yale University
Yale University’s Yale School of Management climbed 10 places in 2016 to rank 16th among the world’s top business schools. It was founded in 1976 and has only around 668 students enrolled. From the 2017-2018 academic year, the school will offer a new one-year master of management studies in systemic risk, the first of its kind in the world.
7. University of California, Los Angeles (UCLA)
Back to California, and the University of California, Los Angeles (UCLA)’s Anderson School of Management also improved its position this year, climbing five places to rank 17th for business and management. The school bases its ethics on looking to the future to ‘share success, think fearlessly and drive change’. Established in 1935, it has around 37,000 alumni worldwide.
8. New York University (NYU)
Ranked joint 19th in the world for business and management, New York University’s Stern School of Business is one of the oldest and most prestigious business schools in the US. Founded in 1900 as the School of Commerce, Accounts and Finance, it changed its name in honor of alumnus and benefactor Leonard N. Stern in 1988, and is located on the university’s Greenwich Village campus in New York City.
9. University of Chicago
Sharing 19th place with NYU among the world’s top business schools, the University of Chicago’s Booth School of Business was the first US business school to offer an executive MBA program (in 1943) as well as the first to offer a PhD in business (1920). Seven of Booth’s faculty members are Nobel Laureates and the school has around 49,000 alumni across the world.
10. Columbia University
Ranked joint 22nd in the world for business and management, Columbia University is another New York City-based institution, located in Manhattan and therefore the heart of the US’s global business hub. Founded in 1916, it celebrates its centenary this year with a range of events, and prides itself on being ‘at the very center of business’.
11. Northwestern University
The final of these top US universities for business is Northwestern University, which shares 22nd place in the world for this subject. Its Kellogg School of Management was established in 1908 under a different title, gaining its current name in 1979 in honor of John L. Kellogg (the son of the founder of the Kellogg’s cereal company) for his donation to the school.