Top 10 MBA Business Schools

University of Chicago

• Occupying the top spot is the University of Chicago's Booth School of Business's full-time MBA program. Students accepted into the highly competitive program attend school for 21 months while taking three to four courses per quarter. Acceptance is highly selective, however, and the average enrollee has a Graduate Management Admissions Test (GMAT) score of 714. According to the Graduate Management Admissions Council, the average GMAT score falls in the mid-500s.

  University of Chicago
  Booth School of Business
  5807 S. Woodlawn Ave.
  Chicago, IL 60637
  773-702-7369
  chicagobooth.edu

Harvard University

• The MBA program at the Harvard Business School is certainly one of the better-known programs in the country and comes in at second on the list. Consistent with its reputation for offering a high quality education, Harvard's MBA program is one of the most prestigious in the country. Admissions are highly selective and, according to data compiled by Bloomberg Businessweek, the school admitted 12 percent of 9,093 applicants to the 2010 class.

  Harvard University
  Harvard Business School
  Dillon House
  Soldiers Field Road.
  Boston, MA 02163
  617-495-6128
  hbs.edu

Northwestern University

• Bloomberg Businessweek ranked the Northwestern University Kellogg School of Business MBA program the third best in the country. The average student admitted into the Northwestern MBA program has between three and seven years of work experience and an average GMAT score of 708.

  Northwestern University
  Kellogg School of Management
  Donald P. Jacobs Center
  2001 Sheridan Road.
  Evanston, IL 60208
  847-491-3308
  kellogg.northwestern.edu

University of Pennsylvania

• Ranked as the fourth best MBA program in the country by Bloomberg Businessweek, the University of Pennsylvania offers a stringent curriculum centered in the heart of Philadelphia, Penn. The program accepted just 862 applicants out of 7,493 while selects had a median GMAT score of 720.

  University of Pennsylvania
  The Wharton School
  420 Jon M. Huntsman Hall
  3730 Walnut St.
  Philadelphia, PA 19104
  215-898-6183
  wharton.upenn.edu

University of Michigan

• The highest ranked public school on the Bloomberg Businessweek list, the University of Michigan's Ross School of Business comes in as the fifth best MBA program in the country. Despite its status as a public school, however, the MBA program is very selective. Admittees in 2010 had an average grade point average of 3.4 and an average GMAT of 701.

  University of Michigan
  Stephen M. Ross School of Business
  701 Tappan St.
  Room E2540
  Ann Arbor, MI 48109
  734-763-5796
  bus.umich.edu

Stanford University

• The highest-ranking school in the western United States to appear on the list, Stanford University comes in at sixth in the ratings with its stringently competitive MBA program. The school accepted 7 percent of applicants in 2010 with a median GMAT score of 730.

  Stanford University
  Stanford Graduate School of Business
  518 Memorial Way
  Stanford, CA 94305
  650-723-2766
  gsb.stanford.edu

Columbia University

• Seventh on the Bloomberg Businessweek list is Columbia University's program, which offers its program in New York City. The entering class of 2009 saw 15 percent of applicants admitted with 80 percent of GMAT scores ranging between 680-760.

  Columbia University
  Columbia Business School
  Uris Hall
  3022 Broadway
  New York, NY 10027-6902
  212-854-5553
  gsb.columbia.edu

Duke University

• Located in Durham, North Carolina, Duke University's Fuqua School of Business offers the eighth best MBA program in the country according to Bloomberg Businessweek and the best program in the South. Duke places a high emphasis on work experience when considering applications for admission. According to the school's class profile for 2011, 99.9 percent of admitted applicants had work experience before applying.

  Duke University
  Fuqua School of Business
  1 Towerview Drive
  Durham, NC 27708
  919-660-7705
  fuqua.duke.edu

Massachusetts Institute of Technology

• Better known for its engineering and technological programs, the Massachusetts Institute of Technology is the ninth best MBA program according to Bloomberg Businessweek. The two-year program produces graduates that go on to traditional fields, including investment banking and brokerage, and technology fields like software.

  Massachusetts Institute of Technology
  Sloan School of Management
  Room E48-501
  238 Main St.
  Cambridge, MA 02139
  617-253-5033
  mitsloan.mit.edu

University of California, Berkeley

• Rounding out the Bloomberg Businessweek top 10 MBA programs is the University of California, Berkeley's Haas School of Business. The second top 10 school located on the West coast, UC-Berkeley admitted just 239 out of 4064 applicants for its Class of 2009.

  University of California, Berkeley
  Haas School of Business
  430 Student Services Building #1902
  Berkeley, CA 94720
  510-642-1405
  mba.haas.berkeley.edu