10 Best Undergraduate Business Schools In The US

Last Updated on February 22, 2023 by Dr Bucho

Introduction

In this article, we will be discussing the 10 best Undergraduate Business schools in the US [united states of America], as Choosing the best business school is an essential first step in building a solid educational foundation for pursuing a successful career in the business world. Finding the ideal option for your needs can be difficult given the wide range of options available. We’ve produced a list of the top business schools in the United States of America based on a range of factors, including reputation, curriculum, faculty, and alumni performance, to help make your decision a little bit easier.

These institutions provide unmatched resources and possibilities for growth and achievement, whether you’re just beginning your academic path or hoping to advance your profession.

Must-To-Have Key features For A Business School

Experienced faculty: Business schools frequently employ Experienced individuals as faculty members who add real-world knowledge to the classroom. Students gain a great perspective on the opportunities and difficulties they may encounter in the workplace as a result.

Curriculum: An extensive curriculum covering a range of topics in business and management, such as finance, marketing, operations, human resources, and strategy, that are provided by business schools. Curriculums are important as Students are being prepared for jobs in business through them.

Resources: Students can improve their learning and research skills by using libraries, computer laboratories, and research databases that are frequently available in business schools.

Practical experience: Internships, case studies, and hands-on projects are common ways that business schools give students practical experience. In addition to helping them build vital abilities that are highly sought-after in the business world, this aids students in applying what they have learned in the classroom to actual scenarios.

Networking opportunities: Students attending business schools have many chances to connect with other students, alumni, and business professionals.  This can assist students in establishing worthwhile connections and a network of contacts that will be beneficial to them in their future professional endeavors.

Global perspective: A number of business schools provide foreign programs and exchanges that enable students to acquire a global perspective on business and management. Students that can do this will be more competitive in the global job market and better grasp the complexity of the global business world.

How To Apply To A Business School?

The following standards must normally be satisfied in order to apply to a business school:

  • A bachelor’s degree or its equivalent from an authorized university is typically required for admission to business schools.
  • A score on a standardized test, such as the GMAT (Graduate Management Admission Test) or GRE, is required by many business schools (Graduate Record Examination).
  • Most times colleges Look for English language proficiency tests, like IELTS or TOEFL
  • Work experience: Although this criteria vary from school to school, many business schools prefer applicants with some professional experience.
  • Letters of recommendation: Most business schools demand one or more letters of support from someone who can attest to your academic and professional qualifications.
  • Résumé: You will often need to provide a thorough resume outlining your qualifications, education, and relevant work experience.
  • Essays: Applicants are often required to submit one or more essays detailing their objectives, successes, and motivations for seeking a business degree by business schools.
  • Interview: As part of the application process, certain business schools may also demand that you speak with a member of the admissions committee.

Different Types Of Business Majors In the Business Field

  1. Accounting: An accounting major delves into the concepts and practices of financial accounting and reporting, tax laws and regulations, and cost accounting.
  2. Finance: Finance majors will also select a second specialty, such as real estate, investment analysis, or corporate finance. Students going for it will gain knowledge about how to construct prudent long-term financial strategies, comprehend and forecast the economy, make a reasonable budget, and operate sophisticated computer systems.
  3. Marketing: Consumer behavior, market research, advertising, and product management are topics covered by marketing majors.
  4. Management: Leadership, human resource management, and organizational behavior are all topics covered in a management major.
  5. Operations and Supply Chain Management: An operations and supply chain management major focus on the development and administration of production processes as well as the effective distribution of goods and services.
  6. International Business: Global company strategy, overseas markets, and cross-border trade are the main topics of study in the international business major.
  7. Entrepreneurship: Students who major in entrepreneurship focus on founding new companies and developing cutting-edge goods and services.
  8. Information Systems: Computer systems, database administration, and information security are all topics covered in an information systems major.
Best Undergraduate Business  Schools In the Us
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10 Best Undergraduate Business Schools In the US [United States Of America]

1. Massachusetts Institute of Technology Sloan School of Management

Incorporated as a private institution in 1861, Massachusetts Institute of Technology. The academic calendar is based on 4-1-4. The National Universities section of Best Colleges’ 2022–2023 ranking has the Massachusetts Institute of Technology as number two.

LocationCambridge, MA
TypePrivate
Acceptance rate5.9% (overall); 6% (business school)
Fee Structure$77,020
Programs offeredBS in Management, Business Analytics, or Finance
Notable alumniBrian Halligan, — CEO of HubSpot
Ranking#2 in National Universities
#5 in Best Value Schools
#4 in Most Innovative Schools
#242 in Top Performers on Social Mobility (tie)
#1 in Best Undergraduate Engineering Program
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2. University of Pennsylvania Wharton School of Business

In 1740, the University of Pennsylvania was established as a private college. The academic calendar is based on semesters. The University of Pennsylvania is ranked #7 in National Universities in the Best Colleges edition for 2022–2023. The cost of tuition and fees is around $63,452 to $83,298

Location Philadelphia, Palo
TypePrivate
Acceptance rate5.9% (overall); 6% (business school)
Fee Structure$83,298
Programs-offeredBS in Economics and a choice of concentration, including accounting, business analytics, health care management, real estate, and statistics
Notable alumniRana Yared ‘06 — Partner at Goldman Sachs
Ranking#7 in National Universities (tie)
#18 in Best Value Schools
#59 in Most Innovative Schools (tie)
#313 in Top Performers on Social Mobility (tie)
#22 in Best Undergraduate Engineering Programs
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3. New York University Stern School of Business

 In 1831, a private college called New York University was established. The academic year is structured around semesters. In the 2022–2023 Best Colleges publication, New York University is ranked #25 in National Universities. $58,168 is the cost of tuition and fees.

LocationNew York City, NY
TypePrivate
Acceptance rate12.8% (overall); 7.2% (business school)
Fee Structure$82,522
Programs OfferedBS in Business, BS in Business and Political Economy, BS in Business, Technology, and Entrepreneurship; etc
Notable alumniJeff Teper, Corporate VP at Microsoft Office
Ranking#25 in National Universities (tie)
#33 in Best Colleges for Veterans
#72 in Best Value Schools
#26 in Most Innovative Schools (tie)
#140 in Top Performers on Social Mobility
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4. University of Michigan–Ann Arbor Ross School of Business

Founded in 1817, the University of Michigan is a public university. The academic calendar is based on trimesters. In the National Universities category of the Best Colleges rating for 2022–2023, the University of Michigan–Ann Arbor is ranked #25. Out-of-state tuition and fees total $57,273 while in-state tuition and fees are $17,786.

LocationAnn Arbor, MI
TypePublic
Acceptance rate19.6% (overall); 11.2% (business school)
Fee Structure$32,272 (in-state); $69,326 (in-state)
Program optionsBachelor of Business Administration, with specializations available in sales, public policy, and finance Etc
Notable alumniGregg Kaplan ’92 — Founder of Redbox
Ranking#25 in National Universities (tie)
#9 in Best Colleges for Veterans (tie)
#16 in Best Undergraduate Teaching (tie)
#51 in Best Value Schools
#18 in Most Innovative School
Top Colleges

5. University of California–Berkeley Haas School of Business

Founded in 1868, the University of California, Berkeley is a public university. It is located in a city, Academic calendar is based on semesters. University of California, Berkeley is ranked #20 nationally in the 2022–2023 edition of Best Colleges. For in-state students, the cost of tuition and fees is $14,226; for out-of-state students, it is $43,980.

LocationBerkeley, CA
TypePublic
Acceptance rate14.5% (overall)
Fee Structure$41,678 (in-state); $71,432 (out-of-state)
Programs OfferedBS in Business Administration
Notable alumniAlbert Lee, ’04 — co-founder of MyFitnessPal
Ranking#20 in National Universities (tie)
#7 in Best Colleges for Veterans (tie)
#182 in Best Value Schools
#36 in Most Innovative Schools (tie)
#105 in Top Performers on Social Mobility (tie)
#1 in Top Public Schools (tie)
#3 in Best Undergraduate Engineering Program
Medical Colleges

6. University of Texas–Austin McCombs School of Business

business schools in the united states of america
Photo by Enrique Macias on Unsplash

Founded in 1883, the University of Texas at Austin is a public university. It is located in an urban area, Academic calendar is based on semesters. The University of Texas at Austin is ranked #38 among National Universities in the Best Colleges 2022–2023 edition. While out-of-state tuition and fees are $40,996, in-state tuition and fees are $11,752.

LocationAustin, TX
TypePublic
Acceptance rate31.8% (overall); 15.6% (business school)
Fee Structure$31,612 (in-state); $64,534 (out-of-state)
Programs OfferedBBA in Accounting, Finance, International Business, Management, Management Information Systems (MIS), Marketing, Science & Technology Management etc
Notable alumniMandy Price, Co-founder and CEO of Kanarys, Inc.
Ranking#38 in National Universities (tie)
#18 in Best Colleges for Veterans (tie)
#29 in Best Undergraduate Teaching (tie)
#186 in Best Value Schools
#14 in Most Innovative Schools (tie)
#186 in Top Performers on Social Mobility (tie
#10 in Top Public Schools 
Student Forum

7. University of Virginia McIntire School of Commerce

Public university, the University of Virginia was established in 1819. The academic calendar is based on semesters. The University of Virginia is ranked #25 in National Universities in the 2022–2023 edition of Best Colleges. The cost of in-state tuition and fees is $21,381, while out-of-state costs are $56,837.

LocationCharlottesville, VA
TypePublic
Acceptance rate20.7% (overall); 11.8% (business school)
Fee Structure$34,560 (in-state), $69,090 (out-of-state)
Program optionsBS in Commerce [ accounting, finance, information technology, management, and marketing]
Notable alumniJeff Dunn, VP of Business Strategy and Analytics for the Seattle Seahawks
Ranking#25 in National Universities (tie)
# 9 in Best Colleges for Veterans (tie)
#34 in Best Undergraduate Teaching (tie)
#32 in Best Value Schools
#52 in Most Innovative Schools (tie)
#361 in Top Performers on Social Mobility (tie)
#3 in Top Public Schools 
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8. Indiana University–Bloomington Kelley School of Business

Indiana University—Bloomington was established in 1820. It is located in a city, The academic calendar is based on semesters. The National Universities section of the Best Colleges ranking for 2022–2023 places Indiana University–Bloomington at number 72. The cost of tuition and fees for in-state students is $11,447, while that for out-of-staters is $39,120.

LocationBloomington, IN
TypePublic
Acceptance rate80% (overall); 49% (business school)
FEE Structure$27,298 (in-state); $54,318 (out-of-state)
Program optionsBachelor’s degrees in [economic consulting, information systems, professional sales, public policy analysis, sustainable business, and supply chain management]
Notable alumniShannon Watkins, Head of Brand and Creative Services at Aflac
Ranking#72 in National Universities (tie)
#41 in Best Colleges for Veterans (tie)
#176 in Best Value Schools
#361 in Top Performers on Social Mobility (tie)
#29 in Top Public Schools 
#8 in Business Programs
scholarships

9. Cornell University Dyson School of Applied Economics and Management

Founded in 1865, Cornell University is a private institution. It is located in a rural area, It makes use of an academic calendar based on semesters. The 2022–2023 Best Colleges ranking places Cornell University at #17 among National Universities. It costs $63,200 for tuition and fees.

LocationIthaca, NY
TypePrivate
Acceptance rate8.7% (overall); 5.4% (business school)
Average Fee$60,383 (in-state); $80,287 (out-of-state)
Programs offeredBS in Applied Economics and Management [agribusiness management, food industry management, business analytics, strategy, and applied economics & management]
Notable alumniDwane Morgan, Director of Global Consumer Insights at Under Armour
Ranking#17 in National Universities
#5 in Best Colleges for Veterans
#36 in Best Undergraduate Teaching (tie)
#20 in Best Value Schools
#26 in Most Innovative Schools (tie)
#270 in Top Performers on Social Mobility
Admissions

10. Carnegie Mellon University Tepper School of Business

Carnegie Mellon University was established in 1900 as a private uni, It makes use of an academic calendar based on semesters. The 2022–2023 edition of Best Colleges places Carnegie Mellon University at number 22 among National Universities. It costs $61,344 for tuition & fees.

Location
Pittsburgh, PA
TypePrivate
Acceptance rate15% (overall); 10.4% (business school)
Average Fee$77,474
Program optionsBS in Business Administration, [Business technology, global economics, operations management, and leadership & organizational effectiveness]
Notable alumniCathy Oh, Global Head of Marketing and Analytics at Samsung Ads
Ranking#22 in National Universities 
#98 in Best Colleges for Veterans
#29 in Best Undergraduate Teaching
#28 in Best Value Schools
#3 in Most Innovative Schools
#361 in Top Performers on Social Mobility
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Frequently Asked Questions(FAQ)

How much does MBA cost in USA for international students?

On average the fee for the MBA in a business schools of America is around [MBA tuition in the United States costs between USD 45,000 and USD 77,000]

Is GMAT compulsory for MBA in USA?

The GMAT exam is required for the majority of full-time MBA programs,

What is the minimum salary after MBA in USA?

According to a study of corporate recruiters conducted by the Graduate Management Admissions Council (GMAC) for the year 2021, the median starting wage for MBA graduates in US companies was anticipated to be $115,000 at that time.

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