The Best MBA Programs in 2026, Ranked by Cost, Selectivity, and Outcomes

The best MBA programs for 2026 span two very different price tags: a public option at $4,477 a year and a private one at $69,400, and both can put a graduate into the same national job market. This ranking scored 978 MBA programs on graduation rate, admission selectivity, cost, and outcomes data pulled from IPEDS and BLS sources, then built a single Hakia Score to rank the top 25. The result favors programs that get students in, keep them enrolled, and send them out, without a six-figure private-school price tag being the only route to a strong finish.
Twenty-five programs made this list. Nine are public universities charging in-state tuition that averages $10,665 a year; sixteen are private nonprofit MBA programs averaging $65,941 a year, roughly six times as much. University of Florida is the cheapest strong-value program in the set at $4,477 a year with a 91% graduation rate, proof that a top-scoring MBA does not require private-school rates. Average graduation rate across the ranked programs is 92%, well above what open-admission programs typically post.
What follows breaks down what an MBA actually costs and how to read the return on investment against a national salary benchmark, why AACSB accreditation is the credential that matters for a Master of Business Administration, and how online and accelerated MBA programs fit working professionals choosing among business school options. Every section here ties back to a real number pulled from the data; no placement in this ranking rests on reputation or a survey.
Key Takeaways on the Best MBA Programs
- University of Pennsylvania tops the ranking with a Hakia Score of 97.7 and a 97% graduation rate.
- In-state tuition among the 25 best MBA programs spans $4,477 a year at the University of Florida to $69,400 a year at Boston College.
- Public programs in the ranking average about $10,665 a year in-state; private nonprofit MBA programs average about $65,941 a year.
- Average graduation rate across the ranked programs is 92%, drawn from 978 programs analyzed nationwide.
- The national BLS median wage for management occupations, the field most MBA graduates enter, is $105,770 a year.
- Nine public and sixteen private nonprofit MBA programs made the top 25, so public options account for over a third of the list.
Each MBA program's Hakia Score combines graduation rate, admission selectivity, in-state and out-of-state cost, and outcomes data, all sourced from U.S. Dept. of Education IPEDS institutional reporting and cross-referenced against BLS wage data (OEWS) for the occupations MBA graduates most often enter. Programs with incomplete IPEDS reporting on tuition, enrollment, or completions were excluded from scoring rather than estimated.
The 25 Best MBA Programs, Ranked for 2026
| # | Program | Type | In-state tuition | Grad rate | Admit rate | Hakia Score |
|---|---|---|---|---|---|---|
| 1 | University of PennsylvaniaPhiladelphia, PA | Nonprofit | $60,920 | 97% | 5% | 97.7 |
| 2 | The University of Texas at AustinAustin, TX | Public | $11,688 | 89% | 27% | 97.5 |
| 3 | University of FloridaGainesville, FL · online option | Public | $4,477 | 91% | 24% | 97.3 |
| 4 | Cornell UniversityIthaca, NY | Nonprofit | $68,380 | 95% | 9% | 97.2 |
| 5 | Yale UniversityNew Haven, CT | Nonprofit | $67,250 | 96% | 4% | 97.1 |
| 6 | Duke UniversityDurham, NC | Nonprofit | $66,325 | 97% | 6% | 97.0 |
| 7 | University of California-Los AngelesLos Angeles, CA | Public | $12,260 | 93% | 9% | 96.9 |
| 8 | University of GeorgiaAthens, GA | Public | $10,034 | 90% | 38% | 96.7 |
| 9 | Tufts UniversityMedford, MA · online option | Nonprofit | $69,146 | 94% | 11% | 96.7 |
| 10 | New York UniversityNew York, NY | Nonprofit | $62,796 | 88% | 9% | 96.7 |
| 11 | Brown UniversityProvidence, RI | Nonprofit | $68,612 | 96% | 5% | 96.7 |
| 12 | University of California-IrvineIrvine, CA | Public | $12,260 | 87% | 29% | 96.3 |
| 13 | Georgetown UniversityWashington, DC | Nonprofit | $67,896 | 95% | 13% | 96.2 |
| 14 | University of North Carolina at Chapel HillChapel Hill, NC · online option | Public | $7,019 | 91% | 15% | 96.1 |
| 15 | University of Illinois Urbana-ChampaignChampaign, IL · online option | Public | $14,975 | 85% | 42% | 96.0 |
| 16 | Washington University in St LouisSt. Louis, MO · online option | Nonprofit | $64,500 | 94% | 12% | 95.6 |
| 17 | Boston UniversityBoston, MA | Nonprofit | $66,670 | 89% | 11% | 95.4 |
| 18 | Vanderbilt UniversityNashville, TN | Nonprofit | $65,008 | 94% | 6% | 95.4 |
| 19 | Columbia University in the City of New YorkNew York, NY | Nonprofit | $66,722 | 96% | 4% | 95.3 |
| 20 | University of California-BerkeleyBerkeley, CA | Public | $12,260 | 93% | 11% | 95.2 |
| 21 | Auburn UniversityAuburn, AL · online option | Public | $11,016 | 82% | 46% | 95.1 |
| 22 | University of ChicagoChicago, IL | Nonprofit | $67,446 | 96% | 4% | 95.0 |
| 23 | Boston CollegeChestnut Hill, MA | Nonprofit | $69,400 | 91% | 16% | 94.9 |
| 24 | Babson CollegeWellesley, MA · online option | Nonprofit | $57,152 | 93% | 17% | 94.8 |
| 25 | Villanova UniversityVillanova, PA | Nonprofit | $66,838 | 92% | 27% | 94.7 |
The Top MBA Programs at a Glance
Each program scores 0 to 100 on the Hakia Score, a composite of graduation rate, cost, selectivity, and outcomes. Longer bars rank higher.
Inside the Top MBA Programs
University of Pennsylvania
Philadelphia, PA · Nonprofit
- Grad rate
- 97%
- Admit rate
- 5%
- In-state
- $60,920
- Out-of-state
- $60,920
Wharton's MBA turns away 19 of every 20 applicants yet still graduates 97% of the students it admits, the numbers behind the No. 1 Hakia Score in the country at 97.7.
- 97% graduation rate
- 5% admit rate, one of the most selective programs in this ranking
- $60,920 flat tuition (private, no in-state/out-of-state split)
- Global Experience Concentration with exchange partners like INSEAD and LBS
Wharton's MBA runs through the Management major inside a required 19 course unit curriculum: an MBA core spanning accounting, corporate finance, macroeconomics, microeconomics, legal studies, marketing, operations (OIDD), statistics, and management communication, plus four additional Management course units. Students pick a general Management track or a focused major in Entrepreneurial Management, Organizational Effectiveness, Multinational Management, or Strategic Management. A Global Experience Concentration lets students spend two full course units studying at an approved exchange partner, among them INSEAD, London Business School, IESE, SDA Bocconi, and CEIBS, plus a third unit of internationally focused electives.
Wharton posts a 97% graduation rate against a 5% admit rate, one of the tightest funnels in this ranking, and a flat $60,920 tuition that does not vary by residency since the program is private. Those figures back the No. 1 Hakia Score nationally, 97.7, built from data schools report to IPEDS. The program suits candidates who can clear a highly competitive bar and want a structured global exchange built into the degree rather than bolted on as an afterthought. Second-year students must also hold a 2.33 GPA or better each semester, and every incoming MBA sits a persuasive-writing exam before classes even start.
The University of Texas at Austin
Austin, TX · Public
- Grad rate
- 89%
- Admit rate
- 27%
- In-state
- $11,688
- Out-of-state
- $44,908
Texas residents pay $11,688 a year for a McCombs MBA carrying a 97.5 Hakia Score, $33,220 less annually than the out-of-state rate.
- 89% graduation rate
- $11,688 in-state tuition vs. $44,908 out-of-state, a $33,220 annual gap
- 22 elective tracks, including 2 STEM-designated options
- Weekend MBA cohorts in Dallas and Houston
McCombs' MBA spans seven areas of study, accounting, business-government-society, finance, information/risk/operations management, management, marketing, and technology commercialization, organized into 22 elective tracks. Two of those tracks, Management Science and Quantitative Methods and Financial Mathematics, carry a STEM designation from the Department of Homeland Security, qualifying international graduates for a 24-month OPT extension. The program runs in four formats: full-time, executive, and evening in Austin, plus alternating weekend cohorts in Dallas and Houston. Admission requires a GMAT, GRE, or Executive Assessment score (waivable for some applicants) and a recorded or live interview.
The program graduates 89% of its MBA students and admits 27%, the most open funnel among the schools ranked near it but still competitive. The tuition split is where McCombs stands apart: $11,688 a year for Texas residents against $44,908 for everyone else, a $33,220 annual gap. Over two years that is roughly $23,376 in-state versus $89,816 out of state, a difference worth weighing against any out-of-state offer with a comparable score. That score, 97.5, ranks McCombs No. 2 nationally on data reported to IPEDS. The weekend Dallas and Houston cohorts make this the pick for working Texans who cannot relocate to Austin.
University of Florida
Gainesville, FL · Public · online option
- Grad rate
- 91%
- Admit rate
- 24%
- In-state
- $4,477
- Out-of-state
- $25,694
Florida residents pay $4,477 a year, the lowest in-state MBA tuition in this ranking, for a program with a 97.3 Hakia Score and a 91% graduation rate.
- 91% graduation rate
- $4,477 in-state tuition, the lowest of this group by $7,211
- 7 concentrations including business analytics and real estate
- Fully online One-Year and Two-Year MBA formats
Warrington's MBA offers seven concentrations, business analytics, competitive strategy, finance, human capital, marketing, real estate, and supply chain management, across an unusually wide set of formats. The traditional track runs 48 credits over two years; a one-year All Majors option compresses the same 48 credits into 12 months; a one-year Business Majors fast track needs only 32 credits for applicants with a business bachelor's earned within the last seven years. Working professionals can choose a 20-month Executive MBA with a required one-week international study tour, a part-time Professional Two-Year or Professional One-Year MBA meeting one weekend a month, or a fully online One-Year or Two-Year MBA taught asynchronously. Joint-degree paths exist with the College of Medicine, the Levin College of Law, and the College of Pharmacy.
UF graduates 91% of its MBA students and admits 24%. In-state tuition is $4,477 a year against $25,694 out of state, a gap of $21,217, and in dollar terms the cheapest in-state option in this ranking by a wide margin: Florida residents pay roughly one-fourteenth of Wharton's flat $60,920 rate. That value shows up in the No. 3 Hakia Score nationally, 97.3, built from figures each school reports to IPEDS. The online One-Year and Two-Year formats make this the program to check first for a working professional who wants a low-cost MBA without relocating.
Cornell University
Ithaca, NY · Nonprofit
- Grad rate
- 95%
- Admit rate
- 9%
- In-state
- $68,380
- Out-of-state
- $68,380
Cornell's one-year Cornell Tech MBA in New York costs $38,838 less than its two-year Ithaca flagship, and both sit behind a 9% admit rate and a 97.2 Hakia Score.
- 95% graduation rate
- 9% admit rate, among the most selective in this ranking
- $177,868 total cost for the 2-year Ithaca MBA vs. $139,030 for the 1-year Cornell Tech MBA
- 4 MBA formats spanning full-time Ithaca, 1-year NYC tech, and two executive tracks
Cornell's SC Johnson College of Business runs four distinct MBA tracks. The flagship two-year, full-time Cornell MBA meets in Ithaca and lists a total program cost of $177,868. The Johnson Cornell Tech MBA compresses the degree into one year in New York City, built around a semester-long industry immersion, for a total cost of $139,030. For working professionals, the Cornell Executive MBA Americas runs 22 months, mostly online with an international cohort, at a total cost of $198,234, while the Cornell Executive MBA NYC delivers the same 22-month part-time format in person in New York for $237,524.
The program graduates 95% of its MBA students against a 9% admit rate, one of the tighter funnels in this ranking. Annual tuition is a flat $68,380 with no in-state discount, since Cornell is private. Choosing the one-year Cornell Tech MBA over the two-year Ithaca track saves $38,838 in total program cost, plus a full year of foregone salary, a real tradeoff for candidates already set on a New York tech career. Cornell's 95% grad rate and 9% admit rate underpin its No. 4 Hakia Score, 97.2, drawn from data reported to IPEDS. The four-track menu makes this the pick for candidates weighing campus immersion in Ithaca against a compressed NYC tech path or a part-time executive format.
Yale University
New Haven, CT · Nonprofit
- Grad rate
- 96%
- Admit rate
- 4%
- In-state
- $67,250
- Out-of-state
- $67,250
Yale SOM admits just 4% of MBA applicants and still graduates 96% of them, the tightest funnel among 2026's top-ranked programs.
- 4% admit rate
- 96% graduation rate
- $67,250 tuition (flat)
- GMAT middle 80%: 691-760
Yale SOM's MBA is a two-year, in-residence program built around what the school calls an integrated curriculum: a shared core in year one followed by open electives in year two, aimed at leaders who want to weigh both the bottom line and the wider social impact of a decision. The current class holds 367 students, is 41% international and 44% women, with a middle-80% GMAT band of 691 to 760.
Yale graduates 96% of its MBA students and admits just 4% of applicants, among the tightest gates in this ranking. Tuition runs a flat $67,250 with no in-state discount, since this is a private university with a single sticker price for every student. That combination of near-universal completion and single-digit admission drives a Hakia Score of 97.1, the highest of this group.
Fit: applicants who can clear a GMAT in the 691-760 range and want a small, close-knit cohort (367 students total) rather than a large program, and who are prepared to pay full private tuition with no in-state break.
Duke University
Durham, NC · Nonprofit
- Grad rate
- 97%
- Admit rate
- 6%
- In-state
- $66,325
- Out-of-state
- $66,325
Duke's Fuqua Daytime MBA graduates 97% of its students and wraps the whole curriculum in a federal STEM designation worth two extra years of U.S. work authorization.
- 97% graduation rate
- 6% admit rate
- STEM-designated curriculum
- $66,325 tuition (flat)
Duke's Fuqua Daytime MBA is a full-time, two-year program structured in six-week terms rather than standard semesters, with fewer required core classes so students move into electives sooner. The school lists 16 concentrations and more than 100 electives, and the entire program, not just the prior MSTeM track, now carries the federal STEM designation, giving eligible international graduates two additional years of U.S. work authorization after graduation. Fuqua's Career Management Center says more than 200 companies recruit directly from the program.
Duke graduates 97% of its MBA students, edging out Yale's 96%, while admitting 6% of applicants, slightly less selective than Yale's 4%. Tuition is a flat $66,325, about $925 less than Yale's $67,250. That mix of top-tier completion, tight admission, and a STEM-wide curriculum earns a Hakia Score of 97.
Fit: students who want maximum elective flexibility, 16 concentrations and 100-plus electives, and international applicants specifically drawn to the STEM designation's extended work-authorization runway.
University of California-Los Angeles
Los Angeles, CA · Public
- Grad rate
- 93%
- Admit rate
- 9%
- In-state
- $12,260
- Out-of-state
- $44,148
UCLA charges MBA residents $12,260 a year, about 18% of Yale's flat $67,250 tuition, while still admitting only 9% of applicants.
- 9% admit rate
- 93% graduation rate
- $12,260 in-state tuition
- $31,888 in-state vs out-of-state gap
UCLA's MBA runs through the Anderson School of Management, based in Marion Anderson Hall on the Westwood campus, with admissions handled directly by Anderson at mba.admissions@anderson.ucla.edu. The university's graduate program listing confirms the standard Master of Business Administration track alongside Anderson's own admission and program-requirements pages, though detailed content on concentrations and format sits on Anderson's separate site rather than this directory listing.
The number that sets UCLA apart is tuition: $12,260 in-state against $44,148 out-of-state, a $31,888 gap. In-state tuition is about 18% of what Yale charges every student ($67,250), and out-of-state tuition still runs roughly a third less than Duke's flat $66,325. UCLA graduates 93% of its MBA students and admits 9% of applicants, still more selective than most MBA programs nationally even trailing Yale's 4% and Duke's 6%. That value combination, public pricing with private-tier outcomes, supports a Hakia Score of 96.9.
Fit: California residents chasing an elite-tier MBA outcome at a fraction of private-school cost, or any applicant willing to trade a slightly higher 9% admit rate for a public price tag.
University of Georgia
Athens, GA · Public
- Grad rate
- 90%
- Admit rate
- 38%
- In-state
- $10,034
- Out-of-state
- $30,272
UGA's Terry MBA admits 38% of applicants and charges in-state students just $10,034, about 15% of Yale's sticker price.
- 38% admit rate
- 90% graduation rate
- $10,034 in-state tuition
- 9 concentrations incl. Fintech
The Terry College of Business offers its MBA in four formats: a full-time, two-year program based in Athens, plus Executive, Professional, and Online MBA tracks run out of Atlanta. The full-time track carries nine concentrations, with named focus areas in strategy, social innovation, and Fintech, and UGA also runs a Double Dawgs pathway that lets students combine a bachelor's degree with this MBA in five years or less.
UGA admits 38% of MBA applicants, one of the more accessible programs in this ranking next to Yale's 4%, Duke's 6%, and UCLA's 9%, while still graduating 90% of its students. Tuition is $10,034 in-state and $30,272 out-of-state, a $20,238 gap; in-state cost runs about 15% of Yale's flat $67,250 tuition. That balance of wide access, strong completion, and low public cost backs a Hakia Score of 96.7.
Fit: applicants who want format flexibility, full-time, executive, professional, or online, and a public price tag, especially Georgia residents paying near $10,000 a year rather than the $60,000-plus sticker prices at Yale or Duke.
Tufts University
Medford, MA · Nonprofit · online option
- Grad rate
- 94%
- Admit rate
- 11%
- In-state
- $69,146
- Out-of-state
- $69,146
Tufts' Fletcher School graduates 94% of students in a program that only 11% of applicants get into, delivered entirely online in 16 to 24 months.
- Hakia Score 96.7
- 94% graduation rate
- 11% admit rate
- 16-24 month online format with two immersions
Tufts delivers this business degree through the Fletcher School, where it is formally the Executive Master of International Business (previously called the Global Business Administration degree). The program targets applicants with eight or more years of work experience and pairs MBA-level rigor with international-affairs coursework: corporate finance and international strategy anchor the core, with electives students pick to fit their goals. Coursework runs full-time or part-time online, built around two one-week immersions, one on the Boston campus and one abroad in Asia, Europe, or Latin America, plus a client-facing capstone project.
The program's Hakia Score of 96.7 is backed by real completion and selectivity numbers: a 94% graduation rate against an 11% admit rate. Tuition runs a flat $69,146, since Tufts charges the same rate regardless of home state, and most students finish in 16 to 24 months. It suits working professionals who want to keep their job while studying: the program reports 724 one-on-one career coaching sessions and 3,774 internship, job, and fellowship listings funneled to students, with 41% of graduates landing private-sector roles.
New York University
New York, NY · Nonprofit
- Grad rate
- 88%
- Admit rate
- 9%
- In-state
- $62,796
- Out-of-state
- $62,796
NYU Stern admits only 9% of applicants but runs five distinct MBA paths, from a one-year Andre Koo Technology and Entrepreneurship MBA to a two-year, 60-credit General MBA.
- Hakia Score 96.7
- 9% admit rate
- 88% graduation rate
- 5+ MBA formats including a 1-year Andre Koo Technology and Entrepreneurship MBA
NYU Stern does not offer a single MBA, it offers a menu. The core is a two-year, 60-credit General MBA delivered full-time, alongside a part-time General MBA that stretches 2 to 6 years with fall and spring intakes. Stern also runs two focused one-year, 52-credit MBAs, the Andre Koo Technology and Entrepreneurship MBA and the Luxury & Retail MBA, plus a Stern at NYUAD MBA based in Abu Dhabi with a summer term in New York (54 credits). Dual-degree options include MD/MBA, JD/MBA, MBA/MFA, and MBA/MPA, and an Online Master's in Management offers a 20-month, part-time on-ramp that can transfer into the Part-time MBA.
Stern's Hakia Score of 96.7 rests on results that match its reputation: an 88% graduation rate against a 9% admit rate, one of the tightest funnels in this ranking. Tuition is a flat $62,796, since NYU charges every student the same private rate regardless of home state. The spread of formats, from a one-year specialized MBA to a six-year part-time track, makes Stern fit both career-changers who want depth fast and working professionals who need years to finish on their own schedule.
Brown University
Providence, RI · Nonprofit
- Grad rate
- 96%
- Admit rate
- 5%
- In-state
- $68,612
- Out-of-state
- $68,612
Brown admits just 5% of applicants to its 16-month online Master's in Management, one of the tightest funnels in this ranking, and 96% of the students who get in graduate.
- Hakia Score 96.7
- 96% graduation rate
- 5% admit rate
- 16-month program, online with one optional 3-day residency
Brown's program here is the online Master's in Management (MiM), run through the School of Professional Studies for early-career professionals building foundational business skills. It is a 16-month, 32-credit program built from eight courses, delivered online with one optional three-day in-person session, admitting students in both spring and fall terms. The curriculum covers strategic leadership, business and data analytics, financial management, marketing, entrepreneurship, and ethics and social responsibility, framed around what the school calls technology-aided, data-informed, human-directed management practice.
Brown's Hakia Score of 96.7 sits alongside among the tightest admissions funnels in this ranking: a 5% admit rate against a 96% graduation rate, meaning almost everyone who gets in finishes. Tuition is a flat $68,612, the same for every student since Brown charges one private rate regardless of home state. At 16 months, it is also the shortest path to a credential in this group, built for early-career professionals who want a compressed, mostly-online alternative to a traditional two-year MBA.
University of California-Irvine
Irvine, CA · Public
- Grad rate
- 87%
- Admit rate
- 29%
- In-state
- $12,260
- Out-of-state
- $44,148
UC Irvine charges California residents $12,260 a year, a $63,776 total savings over two years against the $44,148 out-of-state rate, for an MBA with an 87% graduation rate.
- Hakia Score 96.3
- 87% graduation rate
- 29% admit rate
- $12,260 in-state tuition vs. $44,148 out-of-state
UC Irvine's Paul Merage School of Business runs a two-year, full-time MBA built on a minimum of 92 units: 40 units across ten required Common Core courses covering strategy, business analytics, organizational leadership, financial reporting, microeconomics, marketing, digital competition and technology, operations, managerial finance, and strategic foundations, plus 52 units of electives. Students can add a Concentration in Analytics in Digital Leadership, which requires a Data Camp for Managers course plus electives in machine learning analytics, predictive analytics, fintech, and supply chain analytics. The program carries a five-quarter residence requirement, an international requirement met through a global elective, exchange program, or approved UC course, and admits on a rolling basis with a final deadline around April 1. The school describes itself as ranked among the top 5% of business schools worldwide.
Merage carries a Hakia Score of 96.3, just behind the top tier here, but its admissions are far more accessible: a 29% admit rate against an 87% graduation rate. The real differentiator is cost. In-state tuition runs $12,260 a year versus $44,148 out-of-state, a $31,888 annual gap. Over the full two-year program that is roughly $24,520 total for California residents versus $88,296 for everyone else, a $63,776 difference that makes California residency the single biggest lever on return in this entire list. It fits quantitatively-minded applicants: the school flags preferred undergraduate backgrounds in math, computer science, economics, statistics, engineering, or physics, especially for the Analytics in Digital Leadership track.
Georgetown University
Washington, DC · Nonprofit
- Grad rate
- 95%
- Admit rate
- 13%
- In-state
- $67,896
- Out-of-state
- $67,896
Georgetown University graduates 95% of its students, above the 92% average across this ranking, on a 96.2 Hakia Score.
- Hakia Score 96.2, #13 of 25
- 95% graduation rate
- $67,896 tuition
- Admits just 13% of applicants
Georgetown University is a private, nonprofit institution in Washington, DC. Its MBA program ranks #13 of the 25 analyzed here with a 96.2 Hakia Score, a composite of graduation rate, cost, selectivity, and graduate outcomes. That sits above the 96.1 group average, in the middle third of the 25 ranked programs, 1.5 points behind top-ranked University of Pennsylvania. The program graduates 95% of its students, above the 92% average across the ranked schools. Georgetown University admits 13% of applicants, more selective than the 16% average for the group. That is more open than the 4% rate at Yale University, the most selective program on this list. Its completion rate lands among the strongest in a group where graduation runs from 82% to 97%. It is one of the larger campuses in the ranking, enrolling 20,031 students.
On cost, Georgetown University charges $67,896 a year in-state. That puts it at the higher end on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. As a private institution, its tuition does not change with residency, unlike the public universities on this list. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the draw here is above-average completion paired with genuine selectivity.
University of North Carolina at Chapel Hill
Chapel Hill, NC · Public · online option
- Grad rate
- 91%
- Admit rate
- 15%
- In-state
- $7,019
- Out-of-state
- $39,228
At $7,019 a year in-state, University of North Carolina at Chapel Hill is among the more affordable mba programs ranked here, holding a 96.1 Hakia Score on a 91% graduation rate.
- Hakia Score 96.1, #14 of 25
- 91% graduation rate
- $7,019 in-state vs $39,228 out-of-state
- Online option available
Based in Chapel Hill, NC, University of North Carolina at Chapel Hill is a public institution. Its MBA program lands at #14 of the 25 ranked here, earning a 96.1 Hakia Score that weighs graduation rate, cost, selectivity, and outcomes. That sits above the 96.1 group average, in the middle third of the 25 ranked programs, 1.6 points behind top-ranked University of Pennsylvania. The program graduates 91% of its students, below the 92% average across the ranked schools. University of North Carolina at Chapel Hill admits 15% of applicants, more selective than the 16% average for the group. That is more open than the 4% rate at Yale University, the most selective program on this list. Its completion rate lands in the middle of the pack in a group where graduation runs from 82% to 97%.
On cost, University of North Carolina at Chapel Hill charges $7,019 a year in-state, roughly 6x the $39,228 out-of-state rate. That puts it among the most affordable on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the draw here is low in-state cost paired with genuine selectivity.
University of Illinois Urbana-Champaign
Champaign, IL · Public · online option
- Grad rate
- 85%
- Admit rate
- 42%
- In-state
- $14,975
- Out-of-state
- $36,804
At $14,975 a year in-state, University of Illinois Urbana-Champaign is among the more affordable mba programs ranked here, holding a 96.0 Hakia Score on an 85% graduation rate.
- Hakia Score 96.0, #15 of 25
- 85% graduation rate
- $14,975 in-state vs $36,804 out-of-state
- Largest campus in this ranking
Based in Champaign, IL, University of Illinois Urbana-Champaign is a public institution. Its MBA program lands at #15 of the 25 ranked here, earning a 96.0 Hakia Score that weighs graduation rate, cost, selectivity, and outcomes. That sits below the 96.1 group average, in the middle third of the 25 ranked programs, 1.7 points behind top-ranked University of Pennsylvania. The program graduates 85% of its students, below the 92% average across the ranked schools. University of Illinois Urbana-Champaign admits 42% of applicants, less selective than the 16% average for the group. That is more open than the 4% rate at Yale University, the most selective program on this list. Its completion rate lands toward the lower end in a group where graduation runs from 82% to 97%.
On cost, University of Illinois Urbana-Champaign charges $14,975 a year in-state, roughly 2.5x the $36,804 out-of-state rate. That puts it among the most affordable on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. The spread makes the program a clearer value for IL residents than for out-of-state students. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the draw here is low in-state cost paired with an online option.
Washington University in St Louis
St. Louis, MO · Nonprofit · online option
- Grad rate
- 94%
- Admit rate
- 12%
- In-state
- $64,500
- Out-of-state
- $64,500
Washington University in St Louis graduates 94% of its students, above the 92% average across this ranking, on a 95.6 Hakia Score.
- Hakia Score 95.6, #16 of 25
- 94% graduation rate
- $64,500 tuition
- Online option available
Based in St. Louis, MO, Washington University in St Louis is a private, nonprofit institution. Its MBA program lands at #16 of the 25 ranked here, earning a 95.6 Hakia Score that weighs graduation rate, cost, selectivity, and outcomes. That sits below the 96.1 group average, in the middle third of the 25 ranked programs, 2.1 points behind top-ranked University of Pennsylvania. The program graduates 94% of its students, above the 92% average across the ranked schools. Washington University in St Louis admits 12% of applicants, more selective than the 16% average for the group. That is more open than the 4% rate at Yale University, the most selective program on this list. Its completion rate lands among the strongest in a group where graduation runs from 82% to 97%.
On cost, Washington University in St Louis charges $64,500 a year in-state. That puts it mid-pack on price on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. As a private institution, its tuition does not change with residency, unlike the public universities on this list. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the draw here is above-average completion paired with genuine selectivity.
Boston University
Boston, MA · Nonprofit
- Grad rate
- 89%
- Admit rate
- 11%
- In-state
- $66,670
- Out-of-state
- $66,670
Boston University ranks #17 of the 25 mba programs in this analysis, with a 95.4 Hakia Score and an 89% graduation rate.
- Hakia Score 95.4, #17 of 25
- 89% graduation rate
- $66,670 tuition
- Admits just 11% of applicants
Boston University is a private, nonprofit institution in Boston, MA. Its MBA program ranks #17 of the 25 analyzed here with a 95.4 Hakia Score, a composite of graduation rate, cost, selectivity, and graduate outcomes. That sits below the 96.1 group average, in the lower third of the 25 ranked programs, 2.3 points behind top-ranked University of Pennsylvania. The program graduates 89% of its students, below the 92% average across the ranked schools. Boston University admits 11% of applicants, more selective than the 16% average for the group. That is more open than the 4% rate at Yale University, the most selective program on this list. Its completion rate lands in the middle of the pack in a group where graduation runs from 82% to 97%. It is one of the larger campuses in the ranking, enrolling 37,737 students.
On cost, Boston University charges $66,670 a year in-state. That puts it mid-pack on price on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. As a private institution, its tuition does not change with residency, unlike the public universities on this list. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the main draw here is its genuine selectivity.
Vanderbilt University
Nashville, TN · Nonprofit
- Grad rate
- 94%
- Admit rate
- 6%
- In-state
- $65,008
- Out-of-state
- $65,008
Vanderbilt University graduates 94% of its students, above the 92% average across this ranking, on a 95.4 Hakia Score.
- Hakia Score 95.4, #18 of 25
- 94% graduation rate
- $65,008 tuition
- Admits just 6% of applicants
Vanderbilt University is a private, nonprofit institution in Nashville, TN. Its MBA program ranks #18 of the 25 analyzed here with a 95.4 Hakia Score, a composite of graduation rate, cost, selectivity, and graduate outcomes. That sits below the 96.1 group average, in the lower third of the 25 ranked programs, 2.3 points behind top-ranked University of Pennsylvania. The program graduates 94% of its students, above the 92% average across the ranked schools. Vanderbilt University admits 6% of applicants, more selective than the 16% average for the group. That is more open than the 4% rate at Yale University, the most selective program on this list. Its completion rate lands among the strongest in a group where graduation runs from 82% to 97%. The university enrolls 13,575 students overall.
On cost, Vanderbilt University charges $65,008 a year in-state. That puts it mid-pack on price on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. As a private institution, its tuition does not change with residency, unlike the public universities on this list. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the draw here is above-average completion paired with genuine selectivity.
Columbia University in the City of New York
New York, NY · Nonprofit
- Grad rate
- 96%
- Admit rate
- 4%
- In-state
- $66,722
- Out-of-state
- $66,722
Columbia University in the City of New York graduates 96% of its students, above the 92% average across this ranking, on a 95.3 Hakia Score.
- Hakia Score 95.3, #19 of 25
- 96% graduation rate
- $66,722 tuition
- Admits just 4% of applicants
Columbia University in the City of New York is a private, nonprofit institution in New York, NY. Its MBA program ranks #19 of the 25 analyzed here with a 95.3 Hakia Score, a composite of graduation rate, cost, selectivity, and graduate outcomes. That sits below the 96.1 group average, in the lower third of the 25 ranked programs, 2.4 points behind top-ranked University of Pennsylvania. The program graduates 96% of its students, above the 92% average across the ranked schools. Columbia University in the City of New York admits 4% of applicants, more selective than the 16% average for the group. Its completion rate lands among the strongest in a group where graduation runs from 82% to 97%.
On cost, Columbia University in the City of New York charges $66,722 a year in-state. That puts it at the higher end on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. As a private institution, its tuition does not change with residency, unlike the public universities on this list. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the draw here is above-average completion paired with genuine selectivity.
University of California-Berkeley
Berkeley, CA · Public
- Grad rate
- 93%
- Admit rate
- 11%
- In-state
- $12,260
- Out-of-state
- $44,148
At $12,260 a year in-state, University of California-Berkeley is among the more affordable mba programs ranked here, holding a 95.2 Hakia Score on a 93% graduation rate.
- Hakia Score 95.2, #20 of 25
- 93% graduation rate
- $12,260 in-state vs $44,148 out-of-state
- Admits just 11% of applicants
University of California-Berkeley is a public institution in Berkeley, CA. Its MBA program ranks #20 of the 25 analyzed here with a 95.2 Hakia Score, a composite of graduation rate, cost, selectivity, and graduate outcomes. That sits below the 96.1 group average, in the lower third of the 25 ranked programs, 2.5 points behind top-ranked University of Pennsylvania. The program graduates 93% of its students, above the 92% average across the ranked schools. University of California-Berkeley admits 11% of applicants, more selective than the 16% average for the group. That is more open than the 4% rate at Yale University, the most selective program on this list. Its completion rate lands among the strongest in a group where graduation runs from 82% to 97%.
On cost, University of California-Berkeley charges $12,260 a year in-state, roughly 4x the $44,148 out-of-state rate. That puts it among the most affordable on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. The spread makes the program a clearer value for CA residents than for out-of-state students. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the draw here is low in-state cost paired with above-average completion.
Auburn University
Auburn, AL · Public · online option
- Grad rate
- 82%
- Admit rate
- 46%
- In-state
- $11,016
- Out-of-state
- $33,048
At $11,016 a year in-state, Auburn University is among the more affordable mba programs ranked here, holding a 95.1 Hakia Score on an 82% graduation rate.
- Hakia Score 95.1, #21 of 25
- 82% graduation rate
- $11,016 in-state vs $33,048 out-of-state
- Online option available
Auburn University is a public institution in Auburn, AL. Its MBA program ranks #21 of the 25 analyzed here with a 95.1 Hakia Score, a composite of graduation rate, cost, selectivity, and graduate outcomes. That sits below the 96.1 group average, in the lower third of the 25 ranked programs, 2.6 points behind top-ranked University of Pennsylvania. The program graduates 82% of its students, below the 92% average across the ranked schools. Auburn University admits 46% of applicants, less selective than the 16% average for the group. That is more open than the 4% rate at Yale University, the most selective program on this list. Its completion rate lands toward the lower end in a group where graduation runs from 82% to 97%.
On cost, Auburn University charges $11,016 a year in-state, roughly 3x the $33,048 out-of-state rate. That puts it among the most affordable on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. The spread makes the program a clearer value for AL residents than for out-of-state students. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the draw here is low in-state cost paired with an online option.
University of Chicago
Chicago, IL · Nonprofit
- Grad rate
- 96%
- Admit rate
- 4%
- In-state
- $67,446
- Out-of-state
- $67,446
University of Chicago graduates 96% of its students, above the 92% average across this ranking, on a 95.0 Hakia Score.
- Hakia Score 95.0, #22 of 25
- 96% graduation rate
- $67,446 tuition
- Admits just 4% of applicants
University of Chicago is a private, nonprofit institution in Chicago, IL. Its MBA program ranks #22 of the 25 analyzed here with a 95.0 Hakia Score, a composite of graduation rate, cost, selectivity, and graduate outcomes. That sits below the 96.1 group average, in the lower third of the 25 ranked programs, 2.7 points behind top-ranked University of Pennsylvania. The program graduates 96% of its students, above the 92% average across the ranked schools. University of Chicago admits 4% of applicants, more selective than the 16% average for the group. Its completion rate lands among the strongest in a group where graduation runs from 82% to 97%. The university enrolls 18,566 students overall.
On cost, University of Chicago charges $67,446 a year in-state. That puts it at the higher end on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. As a private institution, its tuition does not change with residency, unlike the public universities on this list. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the draw here is above-average completion paired with genuine selectivity.
Boston College
Chestnut Hill, MA · Nonprofit
- Grad rate
- 91%
- Admit rate
- 16%
- In-state
- $69,400
- Out-of-state
- $69,400
Boston College ranks #23 of the 25 mba programs in this analysis, with a 94.9 Hakia Score and a 91% graduation rate.
- Hakia Score 94.9, #23 of 25
- 91% graduation rate
- $69,400 tuition
- Admits just 16% of applicants
Based in Chestnut Hill, MA, Boston College is a private, nonprofit institution. Its MBA program lands at #23 of the 25 ranked here, earning a 94.9 Hakia Score that weighs graduation rate, cost, selectivity, and outcomes. That sits below the 96.1 group average, in the lower third of the 25 ranked programs, 2.8 points behind top-ranked University of Pennsylvania. The program graduates 91% of its students, below the 92% average across the ranked schools. Boston College admits 16% of applicants, more selective than the 16% average for the group. That is more open than the 4% rate at Yale University, the most selective program on this list. Its completion rate lands in the middle of the pack in a group where graduation runs from 82% to 97%. The university enrolls 15,432 students overall.
On cost, Boston College charges $69,400 a year in-state. That puts it at the higher end on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. As a private institution, its tuition does not change with residency, unlike the public universities on this list. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the main draw here is its genuine selectivity.
Babson College
Wellesley, MA · Nonprofit · online option
- Grad rate
- 93%
- Admit rate
- 17%
- In-state
- $57,152
- Out-of-state
- $57,152
Babson College graduates 93% of its students, above the 92% average across this ranking, on a 94.8 Hakia Score.
- Hakia Score 94.8, #24 of 25
- 93% graduation rate
- $57,152 tuition
- Smallest campus in this ranking
Based in Wellesley, MA, Babson College is a private, nonprofit institution. Its MBA program lands at #24 of the 25 ranked here, earning a 94.8 Hakia Score that weighs graduation rate, cost, selectivity, and outcomes. That sits below the 96.1 group average, in the lower third of the 25 ranked programs, 2.9 points behind top-ranked University of Pennsylvania. The program graduates 93% of its students, above the 92% average across the ranked schools. Babson College admits 17% of applicants, less selective than the 16% average for the group. That is more open than the 4% rate at Yale University, the most selective program on this list. Its completion rate lands among the strongest in a group where graduation runs from 82% to 97%. It is one of the smaller campuses here, with 3,932 students.
On cost, Babson College charges $57,152 a year in-state. That puts it mid-pack on price on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. As a private institution, its tuition does not change with residency, unlike the public universities on this list. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the draw here is above-average completion paired with an online option.
Villanova University
Villanova, PA · Nonprofit
- Grad rate
- 92%
- Admit rate
- 27%
- In-state
- $66,838
- Out-of-state
- $66,838
Villanova University graduates 92% of its students, above the 92% average across this ranking, on a 94.7 Hakia Score.
- Hakia Score 94.7, #25 of 25
- 92% graduation rate
- $66,838 tuition
- Admits just 27% of applicants
Based in Villanova, PA, Villanova University is a private, nonprofit institution. Its MBA program lands at #25 of the 25 ranked here, earning a 94.7 Hakia Score that weighs graduation rate, cost, selectivity, and outcomes. That sits below the 96.1 group average, in the lower third of the 25 ranked programs, 3 points behind top-ranked University of Pennsylvania. The program graduates 92% of its students, above the 92% average across the ranked schools. Villanova University admits 27% of applicants, less selective than the 16% average for the group. That is more open than the 4% rate at Yale University, the most selective program on this list. Its completion rate lands among the strongest in a group where graduation runs from 82% to 97%. The university enrolls 10,041 students overall.
On cost, Villanova University charges $66,838 a year in-state. That puts it at the higher end on this list, where annual in-state tuition runs from $4,477 at University of Florida to $69,400 at Boston College. As a private institution, its tuition does not change with residency, unlike the public universities on this list. Graduates step into a field with a $105,770 national median salary reported by the BLS. For prospective students, the main draw here is its above-average completion.
What MBA Programs Cost, and the Real ROI
MBA programs in this ranking charge in-state tuition anywhere from $4,477 a year at the University of Florida to $69,400 a year at Boston College, a fifteen-fold spread for degrees that land graduates in the same national job market. Nine of the 25 ranked schools are public, charging in-state tuition that averages $10,665 a year; the other sixteen are private nonprofit institutions averaging $65,941 a year, or 84% more per year. That split should shape how a prospective student picks a program: paying private-school tuition only makes sense if a specific school offers something a public option cannot, whether that is a concentration, a network, or a placement record tuition data alone will not show.
Run the math against the national picture. The Bureau of Labor Statistics puts the median annual wage for management occupations, the field most MBA graduates enter, at $105,770 nationally. A two-year MBA at the University of Florida, at $4,477 a year, totals $8,954 in tuition, about 8% of one year of that national median wage. The same two years at Boston College, at $69,400 a year, totals $138,800, or roughly 1.3 times a full year of that national median wage. Neither figure says what a specific school's own graduates earn; both show how differently each sticker price sits against the same national benchmark.
The pattern holds across the rest of the public options: the University of Texas at Austin ($11,688), the University of Georgia ($10,034), the University of North Carolina at Chapel Hill ($7,019), and Auburn University ($11,016) all post Hakia Scores above 95 while charging a fraction of what the sixteen private programs average. A public MBA is not automatically the better financial decision, since scholarships, employer tuition assistance, and program-specific placement outcomes can close the gap, but on sticker price alone, the public MBA programs in this ranking cost 84% less per year than the private ones.
Licensure and Certification After the MBA
MBA programs do not lead to a licensure exam the way a nursing or accounting degree does. No national board licenses MBA graduates to practice management, and there is no pass rate to report for the degree itself. What an MBA does is prepare graduates for roles and, often, for further credentials that do carry an exam: a Certified Public Accountant license for graduates who concentrate in accounting, a Chartered Financial Analyst charter for finance-track graduates, a Project Management Professional certification for operations-focused graduates. None of those exams are administered by the business school; they sit with separate professional bodies and are optional add-ons, not requirements of the MBA itself.
Because there is no single licensure outcome to measure, the closest thing to a quality signal here is program-level accreditation, covered next, plus the graduation rate and selectivity data used to build the Hakia Score. A program that graduates 97% of its MBA students, as University of Pennsylvania and Duke University both do in this ranking, is telling a prospective student something concrete about the odds of finishing, even without an exam pass rate attached.
Why AACSB Accreditation Matters
The accreditation that matters most for MBA programs comes from AACSB, the Association to Advance Collegiate Schools of Business. AACSB accreditation requires a business school to submit to periodic peer review of its faculty qualifications, curriculum, and student outcomes, and it is the accreditor employers and other business schools most often check for when evaluating a degree. A school can still grant a legitimate MBA without it, but an AACSB accredited program carries a level of external verification an unaccredited program cannot claim.
AACSB accreditation status is not one of the four inputs to the Hakia Score used to build this ranking, since that data does not flow through IPEDS. The schools that make up this list, including Wharton at the University of Pennsylvania, UCLA Anderson, Duke's Fuqua School, and the flagship business schools at Florida, Texas, and Georgia, are the type of long-established business schools that AACSB accreditation was designed to recognize. A reader should still confirm accreditation status directly with any specific business school before enrolling, since status can change and plenty of legitimate MBA programs nationally still operate without it.
MBA vs. Other Business Degrees
Business schools grant several credentials besides the MBA: a Bachelor of Business Administration for undergraduates, specialized master's degrees in fields like finance or business analytics, and a PhD for students headed into academic research. This ranking focuses specifically on the MBA because it occupies a distinct spot in that lineup: it is a graduate-level, generalist management credential built for people who already have work experience, unlike a bachelor's degree, and it is applied rather than research-focused, unlike a PhD.
The 25 schools ranked here all report graduation rate and cost data at the graduate level through IPEDS, which is what makes an apples-to-apples comparison possible. Graduation rates in this set run from 82% at Auburn University to 97% at both University of Pennsylvania and Duke University, a 15-point spread that is easier to read at the MBA level specifically than it would be blended together with unrelated bachelor's or PhD completion data from the same schools.
Online and Accelerated MBA Programs
Every school in this top-25 list also has to serve students who cannot relocate or leave a job for two years, and most MBA programs at these schools offer some kind of online or hybrid option alongside the full-time residential track. An online MBA from an AACSB accredited business school carries the same accreditation status as that school's on-campus MBA, since accreditation applies to the business school and its degree programs, not to the delivery format.
Accelerated formats compress the standard two-year MBA timeline, often by running year-round instead of on an academic calendar, and they suit candidates who have already cleared prerequisite coursework or who are switching functions rather than industries. The tradeoff is intensity: the same credit load lands in less calendar time, which works better for a candidate with employer support or savings set aside than for one planning to work full-time through the entire program. Prospective students should ask any specific program directly which format, online, hybrid, accelerated, or full-time residential, the tuition and graduation rate figures used in these rankings actually reflect, since a school can report different completion numbers for each format.
MBA Salary and Job Outlook
The Bureau of Labor Statistics tracks management occupations as a category, and the national median annual wage across that category is $105,770, the same figure that applies regardless of which MBA program a graduate attended. That figure is national context, not a school-specific outcome; none of the MBA programs in this ranking report a different number for their own graduates in the IPEDS data used here.
For the narrower slice of top executive roles, the kind of general-management positions an MBA is built to prepare graduates for, BLS maintains a separate outlook covering hiring demand and required background. Combined with OEWS wage tables that break salary down by detailed occupation and geography, that BLS data is the standard public source for understanding what a Master of Business Administration is worth in the labor market, independent of any individual business school's own claims.
None of the 25 MBA programs ranked here report a school-specific starting salary in the IPEDS data used to build the Hakia Score, which is why this ranking leans on graduation rate, selectivity, and cost instead of a placement number that varies by how each school chooses to define and report it. A reader who wants program-level salary data should ask the specific business school directly, and treat the $105,770 national figure as a floor for comparison, not a promise.
Best MBA Programs by State
Prefer a state-by-state view? We rank MBA Programs in 5 states and the District of Columbia, each grounded in that state's real, accredited programs.
MBA Programs: Your Questions, Answered
How long does it take to complete an MBA?
How much do MBA programs cost?
Is an online MBA program respected by employers?
What is considered a good graduation rate for an MBA program?
Do MBA programs require the GMAT or GRE?
Is a public or private MBA program the better value?
What accreditation should I look for in an MBA program?
What can you do with an MBA, and how much does it pay?
How the MBA Programs Are Scored
Every program earns a Hakia Score from 0 to 100, built only from federal data (IPEDS, the U.S. Department of Education, and BLS) and scored against its true peers: programs in the same field at the same degree level. No reputation surveys, no pay-to-play. Here is how the score is weighted:
- Outcomes44%
Graduation rate (26%) and real per-school graduate earnings (18%). Does the program get students to the finish line, and where do they land?
- Selectivity & academics38%
Admissions selectivity (24%) and the academic profile of admitted students (14%).
- Scale & value18%
Enrollment (7%), cost-to-earnings value (6%), and the number of graduates a program produces (5%).
Weights renormalize over the data each program actually reports, so a school missing a metric (many open-access colleges do not publish entrance scores or earnings) is never penalized for it. Scores are percentiles within the peer group, curved to a 0-to-100 scale. What the score does not measure: individual instructor quality, specific course content, or campus culture. Verify those directly with the program.