EXCLUSIVE RANKINGS OF THE TOP 92 PROGRAMS Updated profiles of every school Employment rates, total costs and acceptance rates Full methodology and data explained
THE BEST UNDERGRADUATE
Volume 05 Issue 01 April 2023
THE BEST UNDERGRADUATE BUSINESS SCHOOLS 2023 Edition
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letter From The Editor Greetings, Welcome to the print guide for our seventh annual Best Undergraduate Business Schools ranking. In this guide, you’ll find our full 2023 ranking and individual profiles for each of the 92 ranked schools, as well as the full methodology that explains how we gathered the data used to create the ranking. No ranking of universities or business schools is perfect. Be skeptical of any ranking that claims it is. So while we don’t pretend to have the perfect methodology for measuring the undergraduate B-school experience, we do create and gather this ranking with the sole purpose of producing a thoughtful, meaningful evaluation of the top B-schools in the country in a way that makes sense for our readers. Now, perhaps more than ever, an informed decision is crucial when picking a college. Student loan debt has been rising for years. Future college students and their families are only now beginning to look past the global pandemic that moved many campuses to online only and has disrupted a previously stable job market. That’s why we strongly recommend going beyond the actual ranking and digging into the school profiles and data. Use this guide as a starting point. Read our main rankings article at the start to learn how these rankings were created and what to pay specific attention to. Then check out the profiles to learn what makes each school different. And then go to our website — www.poetsandquantsforundergrads.com — for more in-depth features and data-focused articles about these programs. Rankings should be a brief intro to the college search. Once you’ve picked a group of schools, do your homework. Reach out to professors, current students, and recent alumni. Learn what makes each school unique and what its strengths and weaknesses are, and consider fit with your personality and what you want to do early in your life and career. This is an exciting time to study business. Technology, Big Data, and pressing issues like climate change and strong social and racial justice movements are all a part of business. We promise you, if you study business in college, “sustainability” will be a word you become very familiar with. Increasingly, business does not exist in a silo. Corporations have a role and impact to play. And future leaders are being trained to consider those issues while successfully contributing to businesses. You’ve made a smart decision by picking up this guide. Good luck to you as you embark on this exciting chapter in your life. If Poets&Quants can ever be of assistance or answer any questions, don’t hesitate to reach out! Nathan Allen Poets&Quants Rankings Editor Poets&Quants
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contents UP FRONT Poets&Quants’ Best Undergraduate Business Schools Of 2023 For the first time in 5 years, Wharton did not win....................................................................................................11 The Methodology Behind P&Q’s 2023 Undergraduate B-School Rankings A full explanation of some slight methodological changes this year.............................................................. 17
THE TOP UNDERGRADUATE BUSINESS SCHOOLS #1 University of Southern California Marshall School of Business.......................................................... 19 #2 Georgetown University McDonough School of Business......................................................................... 21 #3 University of Pennsylvania The Wharton School........................................................................................ 23 #4 University of Virginia McIntire School of Commerce...................................................................................25 #5 University of Notre Dame Mendoza College of Business......................................................................... 27 #6 Cornell University Charles H. Dyson School of Applied Economics & Management.................... 29 #7 New York University Stern School of Business...............................................................................................31 #8 University of Michigan Ross School of Business.........................................................................................33 #9 Washington University at St. Louis Olin Business School.................................................................... 35 #10 University of North Carolina at Chapel Hill Kenan-Flagler Business School.............................37 #11 Georgia Institute of Technology Scheller College of Business............................................................39 #12 University of Illinois at Urbana-Champaign Gies College of Business.........................................41 #13 Emory University Goizueta Business School...................................................................................................43 #14 Villanova University School of Business...........................................................................................................45 #15 Northeastern University D’Amore-McKim School of Business.............................................................47 #16 Indiana University Kelley School of Business...............................................................................................49 #17 Boston University Questrom School of Business.........................................................................................51 #18 University of Richmond Robins School of Business..................................................................................53 #19 Bucknell University Freeman College of Management.............................................................................55 #20 Fordham University Gabelli School of Business..........................................................................................57 #21 Texas Christian University Neeley School of Business...........................................................................59 #22 University of Wisconsin at Madison School of Business....................................................................61 #23 Southern Methodist University Cox School of Business......................................................................63
contents #24 University of Washington Foster School of Business............................................................................65 #25 University of Minnesota Carlson School of Management.....................................................................67 #26 Binghamton University School of Management........................................................................................ 69 #27 Lehigh University College of Business and Economics............................................................................71 #28 University of Miami Herbert School of Business Administration.......................................................73 #29 Purdue University Mitchell E. Daniels Jr. School of Business.............................................................. 75 #30 University of Pittsburgh College of Business Administration............................................................ 77 #31 Tulane University A.B. Freeman School of Business..................................................................................79 #32 Hult International Business School..................................................................................................................81 #33 Miami University Richard T. Farmer School of Business.........................................................................83 #34 Syracuse University Martin J. Whitman School of Management........................................................85 #35 University of Houston C.T. Bauer College of Business............................................................................87 #36 Texas A&M University Mays School of Business........................................................................................ 89 #37 Providence College School of Business........................................................................................................... 91 #38 University of Denver Daniels College of Business....................................................................................93 #39 Elon University Love School of Business....................................................................................................... 95 #40 Rutgers Business School at New Brunswick.........................................................................................97 #41 Lipscomb University College of Business.......................................................................................................99 #42 The Business School at Worcester Polytechnic Institute..............................................................101 #43 Wake Forest University School of Business................................................................................................103 #44 Florida Southern College School of Business............................................................................................. 105 #45 University of Arizona Eller College of Management.................................................................................107 #46 Carnegie Mellon University Tepper School of Business.......................................................................109 #47 University of San Diego Knauss School of Business............................................................................... 111 #48 University of South Carolina Darla Moore School of Business......................................................... 113 #49 University of Tennessee at Knoxville Haslam College of Business..............................................115 #50 Seton Hall University Stillman College of Business.................................................................................117 #51 St. John’s University Peter J. Tobin College of Business.........................................................................119 #52 University of Evansville Schroeder School of Business........................................................................121 #53 Rochester Institute of Technology Saunders College of Business............................................... 123 #54 University of Dayton School of Business......................................................................................................125 #55 Drexel University LeBow College of Business............................................................................................. 127 #56 Saint Louis University Richard A. Chaifetz School of Business..........................................................129 #57 Hofstra University Zarb School of Business.................................................................................................131 #58 Marian University Byrum School of Business..............................................................................................133 #59 The College of New Jersey School of Business..........................................................................................135 #60 University of New Hampshire Peter T. Paul College of Business & Economics....................... 137 #61 University of Oklahoma Michael F. Price College of Business.............................................................. 139 #62 University of North Carolina at Wilmington Cameron School of Business............................. 141 #63 University of Delaware Lerner College of Business & Economics................................................... 143 #64 University of St. Thomas Opus College of Business................................................................................ 145 THE BEST UNDERGRADUATE BUSINESS SCHOOLS
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#65 University of Michigan at Dearborn School of Business............................................................... 147 #66 Towson University College of Business & Economics........................................................................149 #67 Ohio University College of Business............................................................................................................. 151 #68 William & Mary Mason School of Business................................................................................................153 #69 Rutgers Business School at Newark........................................................................................................155 #70 Christopher Newport University Luter School of Business...........................................................157 #71 The University of Texas at Dallas Naveen Jindal School of Management................................159 #72 Michigan State University Eli Broad College of Business................................................................ 161 #73 Bowling Green State Univeristy Schmidthorst College of Business......................................... 163 #74 Seattle University Albers School of Business & Economics............................................................. 165 #75 Sacred Heart University Jack Welch College of Business................................................................ 167 #76 University of the Pacific Eberhardt School of Business...................................................................169 #77 Duquesne University Palumbo-Donahue School of Business..........................................................171 #78 Ithaca College School of Business..................................................................................................................173 #79 University of Georgia Terry College of Business...................................................................................175 #80 University of Kentucky Gatton College of Business & Economics..............................................177 #81 Northern Illinois University College of Business..................................................................................179 #82 University of Utah David Eccles School of Business...........................................................................181 #83 American University Kogod School of Business.................................................................................... 183 #84 Texas Tech University Rawls College of Business............................................................................... 185 #85 Iowa State University Ivy College of Business...................................................................................... 187 #86 Florida International University College of Business......................................................................189 #87 San Diego State University Fowler College of Business...................................................................191 #88 University of Akron College of Business Administration...................................................................193 #89 Oregon State University College of Business.........................................................................................195 #90 University of Texas at Arlington College of Business......................................................................197 #91 University of Wisconsin at Milwuakee Lubar School of Management.................................... 199 #92 Temple University Fox School of Business...............................................................................................201
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3670 TROUSDALE PKWY, LOS ANGELES, CA 90089 ADMISSIONS OFFICE: 213-740-8885
university of Southern california
T N/A
Total Cost
$78,316 Average Salary
9.03%
Acceptance Rate
1480
Average SAT
24%
International Students
25.4%
Underrepresented Minorities
97.4%
Class of 2022 accepting jobs 90 days after graduation
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he University of Southern California’s Marshall School of Business earned a gold medal in the P&Q’s 2023 ranking of best undergraduate business programs. Placing No. 1 and knocking University of Pennsylvania’s The Wharton School out of the top spot for the first time in six years. Marshall offers a quality business education that is characterized by experiential learning opportunities. Of the three methodological categories, Marshall placed highest in Admissions, where they came in 2nd. It placed 9th in Career Outcomes and Academic Experience. USC Marshall’s average SAT score was 1480 this year, relatively high. The B-school had one of the most selective acceptance rates of all ranked undergraduate business schools this year at 9.03% — coming in just behind Cornell’s 4.17%, Northeastern’s D’Amore-McKim, Wharton’s 5.73%, Stern’s 6.60%, Carnegie Mellon Tepper’s 8.62% and Olin’s 9% — yet still more selective than top schools such as Michigan Ross, with an acceptance rate of 9.8%, and UNC’s Kenan-Flagler, with an acceptance rate of 10% this year. Both internship and employment outcomes for Marshall graduates were especially strong this year. A perfect 100% of the Class of 2022 secured an internship before graduation. As for employment, the B-school did rather well as well — with 97.81% landing a full-time position within three months after graduation. The reported average starting salary was the 10th-highest of all ranked undergraduate business schools, coming in at $83,777. For prospective MBAs, it’d be wise to become familiar with the way “breadth with depth” is used at Marshall. The school’s administrators use it to describe the idea of studying the appropriate amount of depth in a student’s specific area of interest. This is reflected in the curriculum by a commitment to liberal arts even for business students. Within the business school, students choose from a business administration major or an accounting major. However, USC Marshall has one of the most unique degree programs in the World Bachelor in Business Program. A joint program more akin to an executive MBA than a bachelors degree in business, students spend for years studying at Marshall, HKUST Business School in Hong Kong, and Università Bocconi in Milan, Italy. “The World Bachelor Program in particular touches on things like university processes, admissions, housing, and medical insurance,” Vice Dean of Undergraduate Programs at USC Marshall Tyrone Callahan told Poets&Quants in July 2021. “We had to make sure we considered every aspect of the program and what the student experience would be like. Through that, I was able to learn a lot about how the university works in different capacities in a way that most faculty members are unaware of.” Incoming students have the opportunity to experience the state-of-theart Jill and Frank Fertitta Hall. Before, the undergraduate population had
University of Southern California been spread out among multiple buildings, but Fertitta Hall serves as a hub for undergraduates at Marshall. Another relatively recent innovation made by Marshall was to “trim the fat” of unnecessary core courses. The result was freeing up a lot of electives. “Within the business curriculum, students have a minimum of 24 free electives, and that’s enough to do pretty much every minor,” Callahan pointed out in his interview.
WHAT ALUMNI SAY “I was a Global Leadership Program scholar, which involved a semester of cultural immersion and business themed classes for an upcoming trip to China. That trip to China turned into a wonderful internship in Taiwan, and I will be forever grateful for that experience for broadening my horizons and making me a professional that possesses polish and internationalism.” “As a part of the Global Leadership Program, I was given the opportunity in my very first year to take a year-long course in international business strategy and apply those learnings when we traveled to China and met business leaders.” “My freshman year I was a part of a program that studied the importance of learning international business cultures. Through this class we traveled to China for a week to meet with Chinese companies to be able to experience international business culture firsthand.”
THE BEST UNDERGRADUATE BUSINESS SCHOOLS
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