Chicago Booth follows Stanford in second place, while Northwestern Kellogg, Dartmouth Tuck, and Virginia Darden take third, fourth, and fifth in Bloomberg's Best US B-Schools ranking.
Six out of seven of the prestigious M7 Business Schools feature in the top 10 with only Columbia being the outlier at 17th—12 places down from last year. Harvard and Wharton come sixth and seventh, and MIT Sloan places tenth in the 2024 ranking.
The Bloomberg MBA ranking is based on five categories, with schools assessed on compensation, learning, networking, entrepreneurship, and diversity. Bloomberg takes an alternate approach from other top rankings such as the Financial Times MBA Ranking and QS, which survey alumni. Bloomberg bases its scores on responses from business schools.
First, schools rank which category is most important to them. Then, a follow-up survey asks a range of questions, which are paired with employment and compensation data to give schools a score out of 100 and an overall rank in the table.
Bloomberg Best Business Schools 2024-25 MBA Ranking Top 20
Bloomberg MBA Ranking | 2024 Winners and Losers
Once again, the biggest winner of the 2024-2025 ranking is the hardest US MBA to get into, Stanford.
Stanford takes the top spot for the fifth year in a row, scoring 88.8—two points up from 2023’s ranking. Stanford's first-place rank is explained by its high scores across the categories, particularly in networking and entrepreneurship, coming first in both with an over 90 point rating.
Alongside these factors, Stanford just missed out on 90+ scores for learning and compensation, achieving scores of 89.7 and 88.4 respectively.
Despite scoring in the 70s for diversity, this wasn't enough to knock it off its podium, as others in the top 20 also scored lower for diversity. Its score of 78.6 is also a jump up from last year when it scored in the low 70s.
Columbia Business School saw a significant drop in the most recent rankings from fifth place in 2023 to 17th place in 2024. Columbia’s overall score dropped by four points with compensation seeing the largest dip—from 89.1 to 81.5.
Harvard remained steady in the 2024 ranking, having dropped in 2023 from joint second the previous year. While Harvard scored above 80 for all categories other than diversity, none of its scores broke the 90 mark.
After jumping from ninth to joint third in 2023, Virginia Darden fell to fifth in the 2024 ranking. Unlike in 2023, Darden didn’t top any of the categories and its low score in diversity (66.1) likely brought down its overall rank.
Chicago Booth held its second place spot, with the top score in compensation. It was followed by Stanford, Virginia Darden, and Wharton. Northwestern’s jump from seventh to third was a win for its community, with consistently high scores across categories.
Dartmouth Tuck came in fourth a slight fall from joint third last year but earned top scores in most categories including securing second place for learning and networking.
Wharton and Michigan Ross rose by one place in 2024 compared with the 2023 ranking and Carnegie Mellon: Tepper found itself in the top 10 after coming 18th last year. The top 10 is rounded out by MIT Sloan, who reclaimed its place as 10th in the world according to Bloomberg.
Despite William Mary 32nd on the list, it scored top for learning, while the rankings 41st best business school, George Washington, scored a 94.6 for diversity, putting it at the top of that category.
These business schools have lower scores for diversity compared with the other categories, with the top 20 schools with only Wharton and Cornell scoring above 80.
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