Ivy League business schools

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Of the eight universities belonging to the Ivy League in the United States, six have business schools. They are:

School name Host institution Degree programs offered Year founded
Wharton School University of Pennsylvania BS, MBA, PhD 1881
Tuck School of Business Dartmouth College MBA 1900
Harvard Business School Harvard University MBA, PhD 1908
Columbia Business School Columbia University MBA, PhD 1916
S.C. Johnson Graduate School of Management Cornell University BS[1], MBA, PhD 1946
Yale School of Management Yale University MBA, PhD 1976
Jon Huntsman Hall, The Wharton School of the University of Pennsylvania
Jon Huntsman Hall, The Wharton School of the University of Pennsylvania
Sage Hall, Johnson School, Cornell University
Sage Hall, Johnson School, Cornell University
Tuck Hall, Tuck School, Dartmouth
Tuck Hall, Tuck School, Dartmouth

Two Ivy League universities, Brown University and Princeton University, do not have business schools. Princeton is home to the Bendheim Center for Finance, which specializes in quantitative finance and offers an undergraduate finance certificate and the masters in finance degree. Brown offers a Business Economics track within its Commerce, Organizations and Entrepreneurship concentration.[2]

All Ivy League business schools are located in the Northeast region of the United States and are privately owned and controlled. According to the Financial Times, as of 2006 they "continue to dominate the top echelons of the MBA market" globally.[3]

Contents

[edit] Use of the term "Ivy League"

While the term Ivy League comes from an athletic conference with eight schools as members, the term is also used to refer to those eight schools considered as a group. In a wider sense, it is used to refer to the social group that is strongly associated with these schools.

[edit] History

The creation of business schools at Ivy League universities occurred over a period of nearly a century, beginning with the Wharton School of the University of Pennsylvania, founded in 1881 by Joseph Wharton, which was the first collegiate (undergraduate) business school in the world.[4] Wharton's founding mission was to transform the study of business from a trade into a rigorous profession. Wharton created the first business school textbooks and subsequently became the first academic institution to develop administrative services in career management and academic advising.

In 1900, the Tuck School at Dartmouth was founded as the world's first graduate school of business. In 1921, Harvard Business School became the first business school to offer the MBA degree. During that same year, the Wharton School established the first business school research center, the Industrial Research Unit. Harvard Business School offered the first business school entrepreneurship course in the United States in 1947.

[edit] Ranking and reputation

Some publications' most recent rankings of full-time MBA programs at these schools are shown below. Each ranking emphasizes different criteria. US News emphasizes academic reputation, BusinessWeek student satisfaction, Wall Street Journal recruiter satisfaction, and Forbes return on investment. These four rankings are the major US national rankings. Financial Times and The Economist rank business schools worldwide. The Financial Times also produces a ranking of rankings, which orders the top-ten MBA programs based on their average ranking in five of the individual surveys (The Economist, BusinessWeek, Wall Street Journal, Forbes, Financial Times) [N.B. the 2007 ranking of rankings is based on prior year rankings].

US News consistently ranks all Ivy schools among the top 25 business schools in the United States. The US News top 5 has been virtually unchanged every year for the last 15 years, consisting of Harvard and Wharton, plus non-Ivy schools Stanford Graduate School of Business, the MIT Sloan School of Management, the University of Chicago Graduate School of Business and the Kellogg School of Management.[citation needed]

School name US News[5] BusinessWeek[6] Wall Street Journal[7] Forbes[8] Financial Times[9] Economist[10] Financial Times

Ranking of Rankings[11]
Tuck School of Business at Dartmouth 7 11 1 1 15 4 2
Columbia Business School 9 10 3 6 3 18 1
Harvard Business School 1 4 14 3 5 13 5
S.C. Johnson Graduate School of Management 14 13 16 10 36 28 NR
The Wharton School of the University of Pennsylvania 3 2 11 5 1 21 3
Yale School of Management 13 19 8 8 16 25 10

[edit] References

  1. ^ The Cornell undergraduate business program is offered by its College of Agriculture and Life Sciences.
  2. ^ Business Economic Track. Brown University. Retrieved on 2008-01-18.
  3. ^ Financial Times: Ivy League business schools top global MBA rankings.
  4. ^ Wharton official Web site
  5. ^ America's Best Graduate Schools 2009: Top Business Schools. Retrieved on 2008-05-27.
  6. ^ 2006 Full-Time MBA Program Rankings. Retrieved on 2007-08-27.
  7. ^ National Ranking. Retrieved on 2007-09-17.
  8. ^ Best Business Schools. Retrieved on 2007-08-27.
  9. ^ Global MBA rankings 2008. Retrieved on 2008-05-27.
  10. ^ 2007 rankings. The Economist Intelligence Unit Limited. Retrieved on 2007-12-19.
  11. ^ International business school rankings. The Financial Times. Retrieved on 2007-12-24.
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Ivy League business schools