Going to graduate school requires people to bet on their own potential for professional growth – and it’s a move that can dramatically increase annual salaries.
The median annual earnings of a full-time worker with a professional degree is $49,500 higher than the median income of an individual who only has a bachelor’s degree, according to a 2016 report by the College Board. In addition to financial benefits, a graduate degree can also lead to professional advancement or a career change.
Calculating the potential return on investment for graduate school is one necessary step in deciding whether to attend, and it can also clarify what type of degree would be most marketable. Prospective students can refer to the U.S. News Best Graduate Schools rankings, released today, for guidance on identifying the right program to accelerate their career.
The 2018 edition of the rankings evaluates graduate schools of business, law, medicine, nursing, engineering and education. These schools are rated based on a variety of factors, including acceptance rates, standardized test scores and grade-point averages of incoming students, and academic experts’ opinions about program excellence.
For the business, law, medicine, education and engineering rankings, U.S. News also incorporated feedback from hiring managers who assessed how well those programs prepared students for the working world. Each discipline’s ranking methodology varies to take into account program differences.
Business:Harvard Business School tied for the No. 1 spot in the full-time MBA program rankings with the Wharton School at the University of Pennsylvania, which moved up from No. 4 last year. This in turn bumped the Booth School of Business at the University of Chicago down one spot to No. 3. Stanford University fell from a tie at No. 2 last year to a three-way tie at No. 4.
The Stern School of Business at New York University, whose rank was negatively affected last year due to omitted data on the U.S. News survey, jumped up eight spots this year, rising from No. 20 to a tie at No. 12. The Graziadio School of Business and Management at Pepperdine University also rose in the rankings, soaring 18 spots from a tie at No. 83 to a tie at No. 65.
Among part-time MBA programs, the Haas School of Business at the University of California—Berkeley once again claimed the No.1 title, followed by Chicago’s Booth School of Business. The NYU Stern School of Business and the Anderson School of Management at the University of California—Los Angeles are tied at No. 3.
The best US business schools in 2018
20. Emory University (Goizueta) (GA)
Full-time enrollment: 350
2016-2017 tuition: $57,000 per year
2016 acceptance rate: 33.1 percent
More about the Goizueta Business School.
19. Carnegie Mellon University (Tepper) (PA)
Full-time enrollment: 428
2016-2017 tuition: $61,440 per year
2016 acceptance rate: 30.3 percent
More about the Tepper School.
18. University of North Carolina—Chapel Hill (Kenan-Flagler)
Full-time enrollment: 574
2016-2017 tuition: $40,015 per year (in-state); $56,138 per year (out-of-state)
2016 acceptance rate: 36.4 percent
More about Kenan-Flagler.
17. University of Texas—Austin (McCombs)
Full-time enrollment: 521
2016-2017 tuition: $34,296 per year (in-state); $50,296 per year (out-of-state)
2016 acceptance rate: 28 percent
More about the McCombs School of Business.
16. Cornell University (Johnson) (NY)
Full-time enrollment: 580
2016-2017 tuition: $61,584 per year
2016 acceptance rate: 27.6 percent
More about the S.C. Johnson Graduate School of Management.
15. University of California—Los Angeles (Anderson)
Full-time enrollment: 734
2016-2017 tuition: $52,272 per year (in-state); $55,159 per year (out-of-state)
2016 acceptance rate: 20.7 percent
More about the Anderson School of Management.
14. University of Virginia (Darden)
Full-time enrollment: 678
2016-2017 tuition: $57,790 per year (in-state); $60,108 per year (out-of-state)
2016 acceptance rate: 26.5 percent
More about UVA Darden.
12 (tie). Duke University (Fuqua) (NC)
Full-time enrollment: 896
2016-2017 tuition: $63,200 per year
2016 acceptance rate: 22.1 percent
More about the Fuqua School of Business.
12 (tie). New York University (Stern)
Full-time enrollment: 790
2016-2017 tuition: $66,588 per year
2016 acceptance rate: 23.1 percent
More about NYU Stern.
11. University of Michigan—Ann Arbor (Ross)
Full-time enrollment: 801
2016-2017 tuition: $59,350 per year (in-state); $64,350 per year (out-of-state)
2016 acceptance rate: 26.3 percent
More about the Ross School of Business.
9 (tie). Columbia University (NY)
Full-time enrollment: 1,326
2016-2017 tuition: $68,792 per year
2016 acceptance rate: 14.1 percent
More about Columbia Business School.
9 (tie). Yale University (CT)
Full-time enrollment: 694
2016-2017 tuition: $64,200 per year
2016 acceptance rate: 19 percent
More about Yale University.
8. Dartmouth College (Tuck) (NH)
Full-time enrollment: 567
2016-2017 tuition: $66,390 per year
2016 acceptance rate: 22.4 percent
More about the Tuck School of Business.
7. University of California—Berkeley (Haas)
Full-time enrollment: 502
2016-2017 tuition: $56,009 per year (in-state); $57,560 per year (out-of-state)
2016 acceptance rate: 12 percent
More about the Haas School of Business.
4 (tie). Massachusetts Institute of Technology (Sloan)
Full-time enrollment: 809
2016-2017 tuition: $67,938 per year
2016 acceptance rate: 11.7 percent
More about MIT Sloan.
4 (tie). Northwestern University (Kellogg) (IL)
Full-time enrollment: 1,301
2016-2017 tuition: $66,462 per year
2016 acceptance rate: 20.1 percent
More about the Kellogg School of Management.
4 (tie). Stanford University (CA)
Full-time enrollment: 833
2016-2017 tuition: $66,540 per year
2016 acceptance rate: 6 percent
More about the Stanford Graduate School of Business.
3. University of Chicago (Booth)
Full-time enrollment: 1,185
2016-2017 tuition: $66,540 per year
2016 acceptance rate: 23.6 percent
More about the Booth School of Business.
1 (tie). Harvard University (MA)
Full-time enrollment: 1,871
2016-2017 tuition: $63,675 per year
2016 acceptance rate: 10.7 percent
More about Harvard Business School.
1 (tie). University of Pennsylvania (Wharton)
Full-time enrollment: 1,708
2016-2017 tuition: $67,516 per year
2016 acceptance rate: 19.6 percent
More about the Wharton School.
Law: The hierarchy of the top law schools shifted slightly this year. Yale Law School is No.1 again, and Stanford Law School is still No. 2, but Harvard Law School, which was previously tied for No. 2, dropped to the No. 3 spot.
Both Duke University and the Pritzker School of Law at Northwestern University cracked the top 10 this year, tying at No. 10. The University of California—Berkeley fell out of the top 10, landing at No. 12. Farther down the list, Washington and Lee University climbed 12 spots, rising from a tie at No. 40 to a tie at No. 28.
Among part-time law programs, the No. 1 school is Georgetown University, as it was last year, but George Washington University and Fordham University switched places this year, with the former taking second place and the latter taking third place.
Medicine: In the research-based medical school rankings, Harvard was once again No.1, followed by Stanford University and Johns Hopkins University. The University of California—San Francisco and the University of Pennsylvania’s Perelman School of Medicine, which both tied with Johns Hopkins for third place last year, are now ranked fourth and fifth, respectively.
In the rankings of primary care medicine programs, the top three schools remained the same, with the University of Washington at No.1, the University of North Carolina—Chapel Hill at No. 2 and UC—San Francisco at No. 3. Duke University fell in the primary care rankings, dropping from No. 8 to a tie at No. 34, and so did Michigan State University College of Osteopathic Medicine, which went from No. 15 to No. 33.
Nursing: Among nursing master’s programs, there were significant changes at the top of the rankings. Duke took the No. 1 spot this year, climbing three spots from last year, when it was tied at fourth place.
Johns Hopkins, which was No. 1 last year, is now in second place and the University of Pennsylvania, which was No. 2 last year, is now in third place.
In the rankings of Doctor of Nursing Practice programs, Duke claimed the No.1 title, swapping spots with the University of Washington, which is now in third place.
Engineering: The top four spots in the graduate engineering rankings were claimed by the same schools as last year with the Massachusetts Institute Technology at No.1, Stanford at No. 2, Berkeley at No. 3, and the California Institute of Technology at No. 4.
Education: Harvard took the No. 1 title from Stanford, which is now in second place among graduate education programs. The University of California—Los Angeles now ties for third place, eight spots higher than where it ranked last year.
Searching for a grad school? Access our complete rankings of Best Graduate Schools.
Latest Related Posts on AtHomeSense.com
- March 12, 2017Great news: Social Security won’t face any cuts next year
- March 8, 2017Why Didn’t I Learn This in School: The Financed Family
- March 21, 2017How to improve your home with your tax refund
- March 18, 201714 countries that are the most optimistic about the future
- March 21, 2017The cost of living in San Francisco is so high, a tech company is paying workers $10,000 to leave
- March 25, 2017Paul Manafort is now at the center of the Trump-Russia investigation; here’s everything you need to know about him
- March 20, 2017Selling stuff online? Avoid these 8 flipping mistakes
- March 20, 2017Uber president Jeff Jones quits, deepening turmoil
- March 16, 201710 ways to make your bed the most comfortable place to sleep
- March 7, 2017Israel’s women combat soldiers on frontline of battle for equality
- March 10, 20177 things your Uber driver wants you know
- March 14, 2017Airbnb raises another $1 billion, and it’s actually profitable
- March 15, 2017What happens when you go over your credit limit?
- March 21, 2017Poll: 57% of Americans think Trump will affect their retirement strategy
- March 21, 201711 tips to spring clean your retirement investments
- March 9, 2017This must-read could help skyrocket your net-worth