- Admit Expert
- Business Schools
- May 28, 2022
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The Ivy League is a collegiate athletic conference comprising eight private research universities in the Northeastern United States. The term ‘Ivy League’ is typically used beyond the sports context to refer to the eight schools as a group of elite colleges with significant historical importance.

Ivy League universities are some of the most prestigious and selective colleges globally, and they are known for their high academic standards. Admission to an Ivy League university is highly competitive, and students who are accepted can expect a rigorous academic experience. All eight Ivy League schools are ranked among the top 15 National Universities in the United States by U.S. News & World Report.
6 out of the 8 Ivy League universities offer MBA programs. If your dream is to pursue an MBA from one of these Ivy League universities, this article is for you.
In this article, we will list the Ivy League universities and compare their MBA programs based on different rankings, class profiles, and employment outcomes.
Outline of this article:
[hide]
- Ivy League Universities
- MBA programs at Ivy League Universities
- Ivy League MBA programs ranking
- Ivy League MBA Rankings by specialization
- MBA Class Profile 2023 – Ivy League Business schools
- MBA Cost and post-MBA salary at Ivy League Universities
- Financial Aid at Ivy League Business schools
- Top industry Placement at Ivy League
- Consulting
- Finance
- Technology
- Ivy League vs. M7 business schools
- The Origin
- Ranking
- Acceptance Rate
- Post-MBA Salary
- Top Industry hires
- Ivy League Schools – FAQs
Ivy League Universities
Ivy League is a group of eight elite universities situated in the north-eastern part of the U.S, with connotations of academic excellence, social elitism, and selectivity in admissions.
Here is the list of Ivy League universities:
- Harvard University
- Columbia University
- University of Pennsylvania
- Dartmouth College
- Cornell University
- Yale University
- Princeton University
- Brown University
MBA programs at Ivy League Universities
Out of the 8 Ivy League universities, 6 offer a full-time MBA program. Here are the six Ivy League schools that offer MBA programs:
University | Full-time MBA program |
---|---|
Harvard University | Harvard Business School |
Columbia University | Columbia Business School |
University of Pennsylvania | The Wharton School |
Dartmouth College | Tuck School of Business |
Cornell University | Johnson College of Business |
Yale University | Yale School of Management |
Princeton University does not offer a full-time MBA program but offers a Master in Finance degreethat strongly emphasizes financial economics, data science, financial engineering, and emerging tools in FinTech.
Brown University also does not offer a full-time MBA program. However, they have a joint Executive MBA degree with IE Business school. The duration is 15 months (part-time) and targets mid-career professionals. With a smaller class size (30), the program integrates an innovative management curriculum with humanities and liberal arts.
This article will focus on the Ivy League schools that offer a full-time MBA program.
Ivy League MBA programs ranking
Take a look at the Ivy League business schools ranking according to US News, Bloomberg, Financial Times, and Forbes:
Ivy League Business schools | U.S. News (2022) | Bloomberg (2021-22) | Financial Times (2022) | Forbes (2019) |
---|---|---|---|---|
Harvard Business School | 5 | 3 | 3 | 4 |
Columbia Business School | 8 | 6 | 2 | 7 |
Wharton Business School | 1 | 9 | 1 | 5 |
Tuck School of Business | 11 | 2 | 18 | 6 |
Johnson College of Business | 15 | 20 | 17 | 9 |
Yale School of Management | 7 | 12 | 9 | 11 |
The ranking methodology is different for each ranking institute. However, they generally compare the b-schools based on their career placement success, student excellence, diversity, and return on investment.
Ivy League MBA Rankings by specialization
Take a look at the MBA specialization ranking for Ivy League Business Schools:
Ivy League Business schools | Consulting | Finance | Information Management | Marketing | Tech | Entrepreneurship |
---|---|---|---|---|---|---|
Harvard Business School | 12 | 3 | 4 | 8 | 5 | 3 |
Columbia Business School | 4 | 4 | 18 | 11 | 21 | 15 |
Wharton Business School | 6 | 1 | 6 | NA | 10 | 6 |
Tuck School of Business | 17 | 21 | 45 | 51-100 | 31 | 51-100 |
Johnson College of Business | 21 | 9 | 39 | 50 | 29 | 26 |
Yale School of Management | 11 | 12 | 27 | 51-100 | 35 | 25 |
MBA Class Profile 2023 – Ivy League Business schools
Harvard and Columbia MBA programs have the lowest acceptance rate compared to other Ivy League business schools. Harvard stands at 9.2% and Columbia at 13.6%.
The average GMAT score to get into Ivy League business schools is 720+, with an average GPA of 3.6. Wharton Business School ranks #1 by enrolling the highest no. of female candidates (52%) compared to other Ivy League b-school.
The average work experience of an incoming Ivy League MBA Class is approx. 4.9 years, with more than 35% of the class being international students on an average. Columbia Business school ranks #1 for enrolling the highest no. of international students compared to other Ivy League schools.
Take a look at the table below that represents the MBA Class of 2023:
Ivy League Business schools | Class size | Average GMAT | Work exp. | % international students | % Women | GPA | Acceptance rate (Class 2022) |
---|---|---|---|---|---|---|---|
Harvard Business School | 1010 | 730 | 5 | 37% | 46% | 3.69 | 9.2% |
Columbia Business School | 847 | 729 | 5 | 48% | 41% | 3.5 | 13.6% |
Wharton | 897 | 733 | 5 | 36% | 52% | 3.6 | 23.1% |
Tuck School of Business | 294 | 724 | 5.4 | 41% | 46% | 3.54 | 34.8% |
Cornell Johnson College of Business | 304 | 710 | 5 | 35% | 39% | 3.34 | 39.6% |
Yale School of Management | 349 | 730 | 4.4 | 44% | 43% | 3.69 | 29.7% |
MBA Cost and post-MBA salary at Ivy League Universities
The total MBA cost for Ivy League business schools is more than $100,000 per year, with an average tuition fee of approx. $78,000 per year. Although the cost of an MBA at Ivy League schools is on the higher end, the prestige and opportunities they offer are exceptional. Almost 95% of the MBA class gets a job offer after 3 months of graduation.
The median base salary of an Ivy League MBA graduate is approx. $147,000, with a signing bonus of approx. $ 31,000.
Take a look at the table below that showcases the tuition fees, total MBA cost, and post-MBA salary at Ivy League business schools:
Ivy League Business schools | MBA Cost (Class of 2023) | Tuition | Median Base Salary (2021) | Median Signing Bonus(2021) | Job Offer Post 3 months grad (2021) |
---|---|---|---|---|---|
Harvard Business School | $ 113,042 | $73,400 | $150,500 | $30,000 | 96% |
Columbia Business School | $118,777 | $77,376 | $150,000 | $30,000 | 94% |
Wharton Business School | $118,568 | $84,874 | $155,000 | NA | 96.8% |
Tuck School of Business | $ 119,454 | $ 77,520 | $150,000 | $30,000 | 98% |
Johnson College of Business | $107,697 | $76,690 | $ 139,121 | $ 37,684 | 97% |
Yale School of Management | $108,780 | $79,000 | $140,400 | $30,000 | 96% |
Financial Aid at Ivy League Business schools
MBA from an Ivy League business school can cost you anywhere between $100,000 to $120,000 per year. Ivy League business schools offer various scholarship programs and awards based on financial needs, diversity, merit, and gender to reduce the economic cost of pursuing an MBA.
For example, all Yale and Tuck MBA applications are considered for a merit-based scholarship. There is no separate application process for it. Tuck’s MBA scholarship can range from $10,000 to full tuition, with the average being $29,600 per academic year. Over 35% of Cornell Johnson students receive scholarship assistance, and it has over $14 million in scholarship funds to award each year.
Ivy business schools like Harvard and Columbia offer need-based scholarships, ranging from a couple of thousand to $30,000.
There are student loans that a candidate can avail themselves. Here is the debt-to-income ratio of Ivy League business school graduates. Students have debt lesser than income when the ratio is below 1:
Ivy League Business schools | Debt-to-income ratio | Median Income after two years |
---|---|---|
Harvard Business School | 0.24 | $1,71,907 |
Columbia Business School | 0.36 | $1,70,426 |
Wharton Business School | 0.27 | $1,75,674 |
Tuck School of Business | 0.25 | $1,67,295 |
Johnson College of Business | 0.69 | $1,45,332 |
Yale School of Management | 0.47 | $1,47,858 |
Top industry Placement at Ivy League
The top 3 industries where Ivy MBA grads get hired are Consulting, Technology, and Finance. Harvard, Tuck, and Yale hired a majority of their MBA class in consulting, whereas Wharton, Columbia, and Johnson hired in Finance. Take a look at this table to know the top 3 industries where Ivy League business schools graduates got placed in 2021:
Ivy League Business schools | Consulting | Finance | Technology |
---|---|---|---|
Harvard Business School | 1 | 3 | 2 |
Columbia Business School | 2 | 1 | 3 |
Wharton Business School | 2 | 1 | 3 |
Tuck School of Business | 1 | 2 | 3 |
Johnson College of Business | 2 | 1 | 3 |
Yale School of Management | 1 | 2 | 3 |
Consulting
The average of the median base salary is approx. $155,000, with at least 23% of the Ivy League business schools’ class hired in consulting Industry:
Ivy League Business schools | Median Base Salary | % of graduates |
---|---|---|
Harvard Business School | $1,65,000 | 23% |
Columbia Business School | $1,42,500 | 33.4% |
Wharton Business School | $1,41,000 | 27.2% |
Tuck School of Business | $1,65,000 | 36% |
Johnson College of Business | $1,55,000 | 27% |
Yale School of Management | $1,65,000 | 34.2% |
Finance
The average of the median base salary is approx. $147,600, with more than 13% of the Ivy League business schools’ class hired in the Finance Industry:
Ivy League Business schools | Median Base Salary | % of graduates |
---|---|---|
Harvard Business School | $1,60,000 | 14% |
Columbia Business School | $1,26,125 | 36% |
Wharton Business School | $1,50,000 | 35.1% |
Tuck School of Business | $1,50,000 | 23% |
Johnson College of Business | $1,50,000 | 36% |
Yale School of Management | $1,50,000 | 13.8% |
Technology
The average of the median base salary is approx. $141,200, with more than 10% of the Ivy League business schools’ class hired in the Technology industry:
Ivy League Business schools | Median Base Salary | % of graduates |
---|---|---|
Harvard Business School | $1,50,000 | 19% |
Columbia Business School | $1,32,612 | 17% |
Wharton Business School | $1,65,000 | 18.6% |
Tuck School of Business | $1,30,000 | 15% |
Johnson College of Business | $1,30,000 | 17% |
Yale School of Management | $1,40,000 | 10% |
Ivy League vs. M7 business schools
Ivy League business schools include – Harvard, Columbia, Wharton, Tuck, Johnson, and Yale. However, the M7 business schools include Stanford, Kellogg, Chicago Booth, MIT Sloan, Harvard, Wharton, and Columbia. Here are the parameters that differentiate Ivy league from M7 business schools:
The Origin
M7 business schools – Stanford GSB, Kellogg, Chicago Booth, and MIT Sloan – are not considered a part of Ivy League business schools because they did not excel at sports when the Ivy League was created. The Ivy League was formed by eight schools that have competitive sports rivalry. University of Pennsylvania and Princeton have been longtime basketball rivals. At the same time, Harvard has a football and hockey rivalry with Penn and Cornell, respectively.
The purpose of establishing a group known as the ‘M7 business schools’ was to create an informal network of the seven most influential business schools that would meet up every year to discuss matters related to graduate management education.
Ranking
The M7 business schools rank among the top 11 best business schools across various rankings like US News, Forbes, Bloomberg Businessweek, and Financial Times. The Ivy League business schools rank among the top 20.
Acceptance Rate
The average acceptance rate at Ivy business schools is 25%, whereas, for M7 business schools is 17% (MBA Class 2020). That’s because Cornell Johnson, Dartmouth Tuck, and Yale SOM have a higher acceptance rate of 39.6%, 34.8%, and 29.7%, respectively. So, the overall probability of getting into Ivy League business schools is more than getting into M7 business schools.
Post-MBA Salary
The average cost of attendance for an MBA at Ivy League Schools and M7 business schools is similar. However, the post-MBA salary is slightly different. The median post-MBA salary of Ivy League business schools is $147,000 whereas it is $152,700 for M7 business schools. The median base salary (MBA Class 2021) is more than $150,000 for Ivy League and M7 business schools, except for Johnson and Yale.
Top Industry hires
The top 3 recruiting industries at M7 and Ivy business schools are the same – Consulting, Finance, and Technology. However, M7 business schools send more MBA grads to the technology industry than Ivy League schools:
Ranking | Consulting | Finance | Technology |
---|---|---|---|
Ivy League Business Schools | 23% | 13% | 10% |
M7 Business Schools | 22% | 13% | 16% |
Take a look at the median salary of Ivy League and M7 business schools for the top 3 industries that hired a majority of the MBA grads:
Median base salary | Consulting | Finance | Technology |
---|---|---|---|
Ivy League Business Schools | $1,55,000 | $1,47,600 | $1,41,200 |
M7 Business Schools | $1,56,214 | $1,53,017 | $1,44,516 |
Ivy League Schools – FAQs
What are the Ivy League Universities?
The ancient 8, also referred to as Ivy League, includes Harvard University, Columbia University, Cornell University, Princeton University, Yale University, Brown University, Dartmouth College, and the University of Pennsylvania.
Why is Stanford University not a part of the Ivy League?
Stanford is not a part of the Ivy League because the Ivy League was formed for schools that distinguished themselves through exceptional sports performances like football and basketball. Stanford didn’t possess the sporting skills required at that time. Also, Stanford is located on the west coast, unlike the Ivy League universities that are located on the East coast. Thus, Stanford is not a part of the Ivy League.
Do Ivy League schools offer MBA programs?
Yes. Six out of the eight Ivy League universities offer full-time MBA programs. Read this article to learn about the MBA class profile and employment outcome.
Is Kellogg an Ivy League business school?
No. Kellogg School of Management is not an Ivy League business school.
How many years of work experience is required to get into an Ivy League business school?
The average work experience of MBA Class of 2023 for the six Ivy League business schools is 4.9 years.So, somewhere around 5 years is a good amount of work experience to get into Ivy League business schools.
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FAQs
Do Ivy League Universities offer MBA programs? | Admit Expert? ›
High Undergraduate GPA
While Ivy League schools typically look for high-performing individuals, their MBA programs do not require a minimum GPA. That said, class profiles reveal that average GPAs often range from 3.3-3.7.
Ivy League Schools – MBA program | Acceptance Rate |
---|---|
Harvard Business School | 9.90% |
Yale SoM | 17.40% |
Columbia Business School | 16.50% |
Dartmouth Tuck | 23% |
High Undergraduate GPA
While Ivy League schools typically look for high-performing individuals, their MBA programs do not require a minimum GPA. That said, class profiles reveal that average GPAs often range from 3.3-3.7.
Cornell is considered the "easiest" Ivy League to get into because it has the highest Ivy League acceptance rate.
Is it realistic to get into an Ivy League school? ›Getting into an Ivy League school can be very competitive, as these institutions have highly selective admissions processes. The acceptance rate for Ivy League schools is typically around 5-10%, which means that only a small percentage of applicants are admitted.
Can I get into Harvard MBA with 3.7 GPA? ›There are no specific Harvard MBA GPA requirements. However, the class of 2024 at HBS has an average undergraduate GPA of 3.7. If you're considering applying to HBS, you may be interested in our article about average GMAT scores of MBA students at Harvard.
What is the hardest MBA program to get into? ›Stanford GSB is (Unsurprisingly) the Most Selective MBA Program. Many of you will not be surprised by the fact that Stanford GSB has the lowest acceptance rate of any U.S. MBA program. But just how selective it is might cause a few double takes. The latest data shows that Stanford GSB accepts just 6% of those who apply ...
What GPA is too low for MBA? ›Low GPA MBA Admissions: The Bottom Line
It is possible to successfully apply to an MBA with a low GPA, and plenty of students do so every year. However, you may need to due some extra legwork to make it happen.
For graduate courses, the admission process is very competitive. For these purposes, above-average GRE test scores and GMAT test scores could help applicants to get into Harvard. The average GRE score is about 160 or the 90th percentile and above. The average GMAT score is about 730 (at the Harvard Business School).
Is it hard to get into Yale MBA? ›How hard is it to get into Yale SOM's MBA program? The acceptance rate for Yale SOM is 23.7% It is important to consider the acceptance rate in the context of the student profile of those who are admitted. For example, the median GMAT score is 725.
Which Ivy gets the least applicants? ›
Dartmouth University is the Ivy League school that receives the least amount of applications. On average, they receive nearly 23,000 applications each year, and this year they received 28,841 applications.
What is the hardest Ivy academically? ›Harvard University
The most challenging Ivy League school to get into is Harvard, established in 1636 and based in Cambridge, Massachusetts. According to Harvard Admissions, only 2,008 out of 43,330 candidates were accepted to the college.
Dartmouth College
The second-easiest Ivy League school to get into, Dartmouth College was founded in 1769. Dartmouth is the smallest Ivy League school, but don't be fooled by its diminutive undergraduate class size—the school has a large number of offerings.
A weighted GPA between 3.9 and 4.0 should put you in good standing at most Ivy League schools, as long as you've taken the most challenging curriculum available to you.
What extracurriculars do Ivy Leagues look for? ›Extracurricular Examples | |
---|---|
Arts | - Find a national level art competition and rank well - Win speech/debate competitions |
Writing | - Publish a book - Start a writing club and critique each other's work |
According to the Harvard Business School's most recent MBA employment statistics, 96% of 2021 Harvard MBA grads received a job offer within three months of graduating. Not only that: the median Harvard MBA salary in 2021 was $150,000, meaning most recent graduates are likely to pay back their tuition within a year.
How much do Harvard MBA graduates make? ›Particulars | Statistics |
---|---|
Median base salary | $175,000 |
Median signing bonus | $30,000 |
Job sectors | Business Development, Finance, Consulting, Marketing, General Management, Strategic Planning |
Getting a 3.5 or better GPA (B+ to A-) is typically the range from which these schools choose. The very best and top-rated programs demand a higher GPA than mid- or lower-tier ones.
Is an MBA harder than a Masters? ›Is an MBA harder than a master's? The difficulty of a program depends entirely on the institution. Both an MBA and master's in business are graduate-level programs, and meet the same rigorous academic standards. So, neither option is inherently easier than the other.
What MBA major is the most profitable? ›An MBA concentration helps students focus their degree and prepare for specialized career paths. The highest-paying MBA concentrations include consulting, finance, and technology.
What is the most selective MBA program in the world? ›
Stanford Graduate School of Business is the most competitive school on the list, overtaking its Ivy League rivals with an acceptance rate of 6.9 percent.
Can I get into Columbia MBA with a low GPA? ›CBS students have a 3.6 average GPA. The middle 80% of admitted b-school students at Columbia currently ranges from a 3.1–3.9 GPA. UPenn's Wharton School has a current average GPA of 3.6. At Yale SOM, the median accepted MBA student's undergrad GPA clocks in at 3.69 out of 4.0, with a middle 80% GPA range of 3.34-3.90.
Can I get into Stanford MBA with low GPA? ›Your undergrad GPA is just ONE data point used to evaluate your candidacy. Just as Stanford would have to admit six students with 4.0s to make up for your 2.7, YOU need to make up for your lackluster GPA by getting high ratings elsewhere in your application. Score 20 to 30 points above the average GMAT score.
Do MBA schools care about GPA? ›Having a good undergraduate grade point average is certainly an important factor that admissions committees consider; however, GPA isn't the whole story. A strong GMAT score and evidence of relevant work experience is also very important.
Is 30 too old for Harvard MBA? ›According to this Poets and Quants article, most top MBA programs had an average age of 28 in the 2019-20 intake, and relatively few incoming students were over the age of 30. For example, only 12.5% of Harvard's incoming MBA students in 2019-20 were over the age of 30.
What is the average age of a Harvard MBA candidate? ›Share if you like the post: Average age of the class at HBS is 27 years.
What is the average age of MBA students? ›The average MBA student is 28 years old.
With the middle 80% age range of MBA students being 25-31 years old. This is very consistent within all of the major US colleges, with most average ages ranging between 27-29 years old.
The average age of students in the Yale MBA program is around 29 years. The age range of students in the Class of 2023 is between 23 and 38 years.
What is the average MBA salary at Yale? ›Particulars | Details |
---|---|
Overall median base salary | USD 175,000 |
Overall median signing bonus | USD 30,000 |
Top industry | Consulting Services |
Top function | Consulting |
Class Demographics | Class of 2024 | Class of 2021 |
---|---|---|
Average Age | 27 | 28 |
Percentage of international students | 48% | 44% |
Average Years of Prior Work Experience | 4.7 | 5 |
Undergraduate Majors | Class of 2024 | Class of 2021 |
Which University has the highest acceptance rate in Ivy League? ›
Cornell University is the Ivy League school that receives the most applications each year, and it's not surprising since they also have the highest acceptance rate. They received 67,380 applications for their class of 2025.
What colleges have the highest acceptance rate in Ivy League? ›1. Which Ivy League School has the highest acceptance rate? Recent data shows Cornell University is the Ivy League school with the highest acceptance rate.
What is the minimum GPA to get into Harvard MBA? ›There is no minimum GPA to apply, although our students usually have strong undergraduate records. Undergraduate academics are just one factor the Admissions Board uses to evaluate a candidate.
Can I get into a top MBA with a 3.3 GPA? ›What's the average GPA at top MBA programs? For many programs, a GPA of 3.0-3.5 is good enough to gain admittance. Top MBA programs tend to be pickier and generally want to see average GPAs of 3.5 and above.
Can a 3.7 GPA get you into Ivy League? ›While 3.7 is a good high school GPA, Ivy League schools are incredibly competitive and a 3.7 GPA alone likely isn't enough to differentiate yourself. Applicants generally have a better chance of getting into an Ivy League school if they get closer to a 4.0 GPA.
Which Ivy has the lowest acceptance rate? ›The Ivy League school is the lowest acceptance rate is Harvard. With an average acceptance rate of around 3% (based on numbers over the last ten years), Harvard is the hardest Ivy League to get into.
What Ivy League has the hottest students? ›Penn snags No. 1 spot for "hot" on campus. Not only do Penn students have a better chance of becoming billionaires, but they're they best-looking college-goers among the Ivy Leagues as well. That's according to a new survey by Tinder of eight Ivy League colleges around the country.
Which Ivy League has the prettiest campus? ›Princeton University
Like the other Ivy League schools, Princeton's campus features lush quads, wisened trees, and a general atmosphere of accomplishment and pride. Its host city contributes to that sensation, with its picturesque squares and well-heeled demeanor.
The median GMAT score of this class is 725 and the median undergraduate GPA is 3.69. The middle 80% of GMAT scores ranged from 690 to 760. The middle 80% range of undergraduate GPAs ranged from 3.34 to 3.9. For those who chose to take the GRE, median scores landed at 164 Verbal and 166 Quant.
What is the GPA for Yale MBA? ›The average GMAT for the class is 723 (the average GRE is 165Q/164V, a 720 equivalent), and the average GPA is 3.65 on a four-point U.S. scale. Students come from a range of academic institutions and backgrounds (167 different schools are represented), from engineering to the arts.
Do MBA programs look at Masters GPA? ›
All your transcripts – undergraduate and graduate - will be reviewed and considered in the MBA admissions process. A strong GPA in a master's or other graduate degree can be quite helpful in alleviating concerns about low undergraduate GPA. How are US GPAs that are not on a 4.0 scale converted?
Do MBA programs care about GPA? ›Having a good undergraduate grade point average is certainly an important factor that admissions committees consider; however, GPA isn't the whole story. A strong GMAT score and evidence of relevant work experience is also very important.