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Six of the eight Ivy League universities in the Northeastern United States have a business school that offers a Master of Business Administration degree, including Columbia University, Cornel University, Dartmouth College, Harvard University, the University of Pennsylvania, and Yale University. Wharton School at Pennsylvania and the Charles H. Dyson School of Applied Economics and Management at Cornell also have an undergraduate business program.
History
Summarize
Perspective
Although the Ivy League is an college athletic conference, Ivy League also refers to eight private research universities in the Northeastern United States.[1] Six of the eight Ivy League universities have a business school that offers a Master of Business Administration degree, including Columbia University, Cornel University, Dartmouth College, Harvard University, the University of Pennsylvania, and Yale University.[1][2]
Cappelli, Bonet, and Hamori note, "The Ivy League business schools, associated with higher social class in terms of the income and social status of their students, had a long head start on other MBA programs."[3] The creation of business schools at Ivy League universities occurred over a century ago. Joseph Wharton established the first university-based business school at the Wharton School of the University of Pennsylvania in 1881.[4] In 1900, the Tuck School of Business at Dartmouth College was founded as the world's first graduate school of business.[5][2] The Harvard Business School became the first business school to offer the MBA degree in 1921.[6] Because there were no textbooks for its new MBA program, Harvard pioneered the case study method of teaching which is still used by business schools today.[6]
In 1955, five Ivy League schools—Columbia, Cornel, Dartmouth, Harvard, and Pennsylvania—offered MBA degrees.[3] These five business schools collectively graduated half of the MBA degrees awarded in the United States that year.[3] Also in 1955, Wharton became the first Ivy League business school to admit female students, although only to its undergraduate program.[7] Yale added its MBA program in 1956.[3]
By 2001, Ivy League MBA graduates constituted only five percent of all MBA degrees awarded in the United States but represented over 23 percent of the MBA qualifications held by top executives at Fortune 100 companies.[3] In 2021, Ivy League business schools provided 3,680 MBA graduates, representing only 3.6% of the total MBAs awarded.[3] However, the preference for Ivy League MBA graduates has increased, according to Cappelli, Bonet, and Hamori.[3]
As of 2022, all of the Ivy League MBA programs are ranked in the top fifteen of US colleges by U.S. News & World Report.[1] Forbes ranks the six programs in its top eleven.[1][8] Of the Ivy League business schools, the Tuck School MBA programs accepts the most candidates, with an acceptance rate of 33 percent as of the 2023–24 academic year.[9] Harvard and Columbia have the lowest acceptance rates, at 9.2 percent and 13.6 percent, respectively.[1]
Cost and outcomes
The average cost of an Ivy League MBA is $100,000 a year, with tuition averaging $78,000 a year as of 2022.[1] BestColleges notes that despite the high tuition rates at Ivy League business schools, graduates from these programs have access to alumni and industry connections that can lead to middle management positions with high salaries.[9] Ivy League MBA graduates from the class of 2021 had a median postgraduate base salary of $150,000 a year.[1]
Ivy League business schools
Summarize
Perspective
Six of the eight Ivy League universities have a business school that offers a Master of Business Administration degree.[1][2][10] Of these six, only the Wharton School at Pennsylvania and the Charles H. Dyson School of Applied Economics and Management at Cornell offer an undergraduate business program.[9] The two remaining Ivy League schools, Brown University and Princeton University, lack both a graduate and undergraduate business program.[9][11][10] However, Princeton does have Master of Finance degree and Brown offers a joint Executive MBA degree with IE Business School in Spain.[1]
| School name | Host institution | Year founded | Location | Image | Degrees offered | References |
|---|---|---|---|---|---|---|
| Columbia Business School | Columbia University | 1916 | New York City, New York | .jpg) |
MPhil, MS, MBA, EMBA, Ph.D. | [12] |
| Harvard Business School | Harvard University | 1908 | Allston, Massachusetts |  |
MBA, Ph.D., DBA | [13][14] |
| Samuel Curtis Johnson Graduate School of Management / Charles H. Dyson School of Applied Economics and Management (undergraduate) |
Cornell University | 1909 | Ithaca, New York |  |
BS, MS, MPS, MBA, EMBA, Ph.D. | [15][16] |
| Tuck School of Business | Dartmouth College | 1900 | Hanover, New Hampshire |  |
MBA | [17][18] |
| Wharton School | University of Pennsylvania | 1881 | Philadelphia, Pennsylvania |  |
BS, MBA, EMBA, Ph.D. | [19] |
| Yale School of Management | Yale University | 1976 | New Haven, Connecticut |  |
MBA, EMBA, Ph.D. | [20] |
See also
References
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