Best Universities in the Us for Business

Last Updated on January 15, 2023 by Team College Learners

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These are the top global universities for economics and business, based on their research performance in the field.

Best Universities for Business Degrees 2020

Business chart

The majority of the top 20 universities in the business ranking are US colleges, with the Massachusetts Institute of Technology and Stanford University at the top.

Although the US dominates the ranking, universities in the UK and across Asia also do particularly well.

The UK has three universities in the top 20, which also features three institutions from two Asian territories.

Canadian, Dutch and Australian schools also perform well for business and economics degrees.

The ranking uses the same methodology as the World University Rankings, but with slightly more weight given to teaching and research metrics and slightly less to citations. The complete methodology can be found here.

Scroll down for a full list of degrees covered by the ranking and the career paths that they open up

Top 5 universities for business and economics degrees

1. Massachusetts Institute of Technology

The Sloan School of Management, also known as MIT Sloan, offers business programmes at the university.

In addition to MBA courses, executive training programmes and other postgraduate degrees, the school also teaches undergraduates through “Course 15”, which provides business skills to students with a technical and quantitative background.

The classes feature problem sets that make use of real-world business cases, tackling them with scientific approaches. The course also provides opportunities to do research and to take part in entrepreneurship competitions.

Business courses at MIT cover a variety of topics, including operations research, consulting, entrepreneurship, finance, information technology, product development and marketing.

There is an emphasis on innovation across all these topics. Many influential new ideas in business, including the field of system dynamics, were born out of work at the Sloan School.

MIT is one of the most prestigious universities in the world. Based in Cambridge, Massachusetts, next door to Harvard University, it is a hub of innovation and entrepreneurship.

2. Stanford University

Stanford’s graduate business school admits students for MBA, PhD, master’s and executive degrees.

The school’s dean is Jonathan Levin, a renowned expert in industrial organisation.

In 2006, the school received what was then the largest endowment ever given to a business school: $105 million from Phil Knight, an alumnus and the founder of Nike.

The business school at Stanford is known to be the most selective in the US, based on the competition for acceptance on to a course. Typically, less than 7 per cent of applicants secure a place.

Postgraduate students can take joint degrees at other schools, combining business with subjects such as earth sciences, education and law.

Although there is no specific business and management programme for undergraduates, students can choose to major in economics, international relations or management science and engineering.

3. University of Oxford

Undergraduate business students at the University of Oxford study economics and management within the traditional degree framework, and they are taught primarily in small group tutorials.

Oxford’s academic department for business is the Saïd Business School, which teaches across business, management and finance.

The school is 20 years old – fairly new compared with other prestigious business schools around the world.

The current dean, Peter Tufano, was at Harvard Business School before joining Oxford.

The postgraduate programmes on offer include the popular MBA programme, an executive MBA programme, a PhD in management studies and master’s degrees in financial economics, law and finance and strategic management.

MBA students can also extend their one-year degree to combine the course with one of the specialised master’s programmes.

All business students are members of an Oxford college and participate in university life outside the business school. Although not all colleges accept business students, the majority do.

4. University of Cambridge

The University of Cambridge is made up of 29 separate colleges.

The university is also home to over 100 libraries, which hold a total of more than 15 million books.

Business and economics degrees are generally taught at the Cambridge Judge Business School. Courses include the MBA, master of finance, master of accounting and a number of MPhil programmes.

5. University of California, Berkeley

The University of California, Berkeley business school is known as the Haas School of Business. It is the second-oldest business school in the United States, having been established in 1898.

Faculty members include two Nobel Prize laureates in economics.

The school offers courses across the academic spectrum, including full-time MBA, evening and weekend MBA, MBA for executives, master of financial education and undergraduate degrees.

It also puts on a summer programme, which is an intensive six-week summer course that gives non-business students the opportunity to learn the fundamentals of business.

Top 200 universities for business and economics 2020

Click each institution to view its World University Rankings 2020 profile

Business and economics rank 2020 Business and economics rank 2019 UniversityCountry/region
 1  1 Massachusetts Institute of TechnologyUnited States
 2  2 Stanford UniversityUnited States
 3  3 University of OxfordUnited Kingdom
 4  4 University of CambridgeUnited Kingdom
 5  6 University of California, BerkeleyUnited States
 6  8 London School of Economics and Political ScienceUnited Kingdom
 7  5 Duke UniversityUnited States
 8  11 University of ChicagoUnited States
 9  10 University of PennsylvaniaUnited States
 10  7 Harvard UniversityUnited States
 11  9 Yale UniversityUnited States
 =12  20 ETH ZurichSwitzerland
 =12  12 Northwestern UniversityUnited States
 14  17 National University of SingaporeSingapore
 15  13 Columbia UniversityUnited States
 16  =15 University of Michigan-Ann ArborUnited States
 17  =15 New York UniversityUnited States
 18  14 University of California, Los AngelesUnited States
 19  18 Tsinghua UniversityChina
 20  23 Peking UniversityChina
 21  19 UCLUnited Kingdom
 22  21 Cornell UniversityUnited States
 23  22 The Hong Kong University of Science and TechnologyHong Kong
 24  25 University of British ColumbiaCanada
 25  30 University of California, San DiegoUnited States
 26  =33 University of WarwickUnited Kingdom
 27  =28 University of TorontoCanada
 28  32 Erasmus University RotterdamNetherlands
 29  24 Carnegie Mellon UniversityUnited States
 30  27 University of Hong KongHong Kong
 31  26 The University of TokyoJapan
 32  35 Copenhagen Business SchoolDenmark
 33  =28 Tilburg UniversityNetherlands
 34  38 Hong Kong Polytechnic UniversityHong Kong
 35  31 University of MinnesotaUnited States
 36  38 University of WashingtonUnited States
 37  37 University of ManchesterUnited Kingdom
 38  43 University of MelbourneAustralia
 39  45 Michigan State UniversityUnited States
 40  46 University of Texas at AustinUnited States
 41  =33 University of MannheimGermany
 42  NR LMU MunichGermany
 43  47 University of Southern CaliforniaUnited States
 44  41 Dartmouth CollegeUnited States
 45  56 Boston UniversityUnited States
 =46  44 Penn State (Main campus)United States
 =46  =57 Pompeu Fabra UniversitySpain
 =48  59 Arizona State University (Tempe)United States
 =48  36 University of Wisconsin-MadisonUnited States
 50  53 Zhejiang UniversityChina
 51  42 University of ZurichSwitzerland
 52  65 Nanyang Technological University, SingaporeSingapore
 53  =57 University of Illinois at Urbana-ChampaignUnited States
 54  62 Aalto UniversityFinland
 =55  49 University of EdinburghUnited Kingdom
 =55  =73 University of QueenslandAustralia
 57  39 Johns Hopkins UniversityUnited States
 =58  78 City University of Hong KongHong Kong
 =58  55 Ohio State University (Main campus)United States
 =60  52 Chinese University of Hong KongHong Kong
 =60  64 Indiana UniversityUnited States
 62  NR Technical University of MunichGermany
 =63  50 Australian National UniversityAustralia
 =63  70 UNSW SydneyAustralia
 65  67 University of Maryland, College ParkUnited States
 66  =60 KU LeuvenBelgium
 67  NR University of BonnGermany
 68  63 Boston CollegeUnited States
 69  66 University of Virginia (Main campus)United States
 70  =84 Shanghai Jiao Tong UniversityChina
 71  51 Georgia Institute of TechnologyUnited States
 72  =60 University of SussexUnited Kingdom
 73  68 Maastricht UniversityNetherlands
 74  48 Seoul National UniversitySouth Korea
 75  80 Lund UniversitySweden
 =76  82 University of AmsterdamNetherlands
 =76  83 University of ViennaAustria
 =76  =76 Washington University in St LouisUnited States
 79  =73 University of St GallenSwitzerland
 =80  =76 University of GroningenNetherlands
 =80  69 University of North Carolina at Chapel HillUnited States
 82  72 Texas A&M UniversityUnited States
 =83  71 Kyoto UniversityJapan
 =83  101–125 University of SurreyUnited Kingdom
 85  99 Queensland University of TechnologyAustralia
 86  101–125 Sant’Anna School of Advanced Studies – PisaItaly
 87  88 Paris Sciences et Lettres – PSL Research University ParisFrance
 =88  53 Federal University of Toulouse Midi-PyrénéesFrance
 =88  92 Sungkyunkwan University (SKKU)South Korea
 90  101–125 University of SydneyAustralia
 =91  =94 University of FloridaUnited States
 =91  101–125 University of LeedsUnited Kingdom
 93  101–125 University of AlbertaCanada
 =94  89 Fudan UniversityChina
 =94  101–125 Higher School of EconomicsRussian Federation
 =96  75 École PolytechniqueFrance
 =96  =84 McGill UniversityCanada
 =98  101–125 National Taiwan UniversityTaiwan
 =98  93 Polytechnic University of MilanItaly
 100  126–150 Sun Yat-sen UniversityChina
 101–125  126–150 University of ArizonaUnited States
 101–125  101–125 Aston UniversityUnited Kingdom
 101–125  101–125 Autonomous University of BarcelonaSpain
 101–125  126–150 Cardiff UniversityUnited Kingdom
 101–125  =100 City, University of LondonUnited Kingdom
 101–125  151–175 University of EssexUnited Kingdom
 101–125  176–200 Griffith UniversityAustralia
 101–125  91 Hebrew University of JerusalemIsrael
 101–125  79 Korea UniversitySouth Korea
 101–125  90 Lancaster UniversityUnited Kingdom
 101–125  =100 University of LausanneSwitzerland
 101–125  =94 Université Catholique de LouvainBelgium
 101–125  101–125 University of MassachusettsUnited States
 101–125  =94 Monash UniversityAustralia
 101–125  92 Nanjing UniversityChina
 101–125  126–150 Northeastern UniversityUnited States
 101–125  151–175 University of Notre DameUnited States
 101–125  87 University of NottinghamUnited Kingdom
 101–125  81 Rice UniversityUnited States
 101–125  101–125 Rutgers, the State University of New JerseyUnited States
 101–125  101–125 University of St AndrewsUnited Kingdom
 101–125  NR Technical University of BerlinGermany
 101–125  126–150 University of Technology SydneyAustralia
 101–125  101–125 University of TwenteNetherlands
 101–125  126–150 Vrije Universiteit AmsterdamNetherlands
 101–125  101–125 York UniversityCanada
 126–150  126–150 Aalborg UniversityDenmark
 126–150  151–175 Aarhus UniversityDenmark
 126–150  151–175 University of AntwerpBelgium
 126–150  NR Charles University in PragueCzech Republic
 126–150  101–125 University of ExeterUnited Kingdom
 126–150  101–125 Free University of BerlinGermany
 126–150  151–175 Georgetown UniversityUnited States
 126–150  126–150 Georgia State UniversityUnited States
 126–150  97 King’s College LondonUnited Kingdom
 126–150  101–125 Lomonosov Moscow State UniversityRussian Federation
 126–150  101–125 Renmin University of ChinaChina
 126–150  151–175 Sejong UniversitySouth Korea
 126–150  126–150 University of SheffieldUnited Kingdom
 126–150  126–150 Simon Fraser UniversityCanada
 126–150  126–150 University of South AustraliaAustralia
 126–150  176–200 University of Southern DenmarkDenmark
 126–150  126–150 Stockholm UniversitySweden
 126–150  201–250 Universiti Teknologi MalaysiaMalaysia
 126–150  126–150 Tel Aviv UniversityIsrael
 126–150  126–150 Temple UniversityUnited States
 126–150  151–175 University of Texas at DallasUnited States
 126–150  =84 Western UniversityCanada
 126–150  NR Worcester Polytechnic InstituteUnited States
 126–150  126–150 University of YorkUnited Kingdom
 151–175  151–175 University of AucklandNew Zealand
 151–175  126–150 University of California, IrvineUnited States
 151–175  101–125 Case Western Reserve UniversityUnited States
 151–175  201–250 Central South UniversityChina
 151–175  151–175 Chalmers University of TechnologySweden
 151–175  101–125 Emory UniversityUnited States
 151–175  151–175 University of KonstanzGermany
 151–175  176–200 Korea Advanced Institute of Science and Technology (KAIST)South Korea
 151–175  101–125 Kyung Hee UniversitySouth Korea
 151–175  201–250 Macquarie UniversityAustralia
 151–175  151–175 University of MalayaMalaysia
 151–175  101–125 University of MontrealCanada
 151–175  151–175 University of NavarraSpain
 151–175  176–200 Newcastle UniversityUnited Kingdom
 151–175  176–200 University of NewcastleAustralia
 151–175  176–200 NOVA University of LisbonPortugal
 151–175  176–200 University of ReadingUnited Kingdom
 151–175  126–150 Royal Holloway, University of LondonUnited Kingdom
 151–175  176–200 University of SouthamptonUnited Kingdom
 151–175  151–175 University of StrathclydeUnited Kingdom
 151–175  176–200 Tongji UniversityChina
 151–175  151–175 Trinity College DublinRepublic of Ireland
 151–175  201–250 University of WaterlooCanada
 151–175  176–200 University of Western AustraliaAustralia
 151–175  101–125 Xiamen UniversityChina
 151–175  176–200 Yonsei University (Seoul campus)South Korea
 176–200  126–150 University of BathUnited Kingdom
 176–200  151–175 University of BristolUnited Kingdom
 176–200  201–250 Brunel University LondonUnited Kingdom
 176–200  151–175 University of CanterburyNew Zealand
 176–200  176–200 University of Cape TownSouth Africa
 176–200  176–200 University of East AngliaUnited Kingdom
 176–200  176–200 University of Erlangen-NurembergGermany
 176–200  101–125 George Washington UniversityUnited States
 176–200  151–175 Ghent UniversityBelgium
 176–200  126–150 University of GlasgowUnited Kingdom
 176–200  126–150 University of HamburgGermany
 176–200  301–400 Hunan UniversityChina
 176–200  176–200 University of Illinois at ChicagoUnited States
 176–200  126–150 Iowa State UniversityUnited States
 176–200  201–250 King Abdulaziz UniversitySaudi Arabia
 176–200  301–400 Lappeenranta-Lahti University of Technology LUTFinland
 176–200  151–175 National Taiwan University of Science and Technology (Taiwan Tech)Taiwan
 176–200  151–175 University of Pittsburgh-Pittsburgh campusUnited States
 176–200  201–250 Queen’s University BelfastUnited Kingdom
 176–200  151–175 Radboud University NijmegenNetherlands
 176–200  126–150 University of RochesterUnited States
 176–200  201–250 Sichuan UniversityChina
 176–200  176–200 Vanderbilt UniversityUnited States
 176–200  176–200 Washington State UniversityUnited States

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 Business School

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

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

Wharton School of the 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)

MIT Sloan School of Management

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)

University of California, Berkeley

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)

New York University Stern School of Business

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.

=8. University of Chicago

University of Chicago Booth School of Business

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

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’.  

=10. Northwestern University

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.

Other top US universities for business

If you’re looking to study a business and management degree in the US, your options don’t end here – there are many more top US universities in this field. The University of MichiganDuke UniversityCornell University and University of Texas at Austin all feature in the global top 50 for business and management, while 13 more US institutions feature in the top 100. You can view the full business and management ranking here.  

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