Northwestern University’s Kellogg School of Management ranked No. 1 for the third straight year on Crain’s ranking of MBA programs, beating out the University of Chicago’s Graduate School of Business as the best MBA program in Chicago. The Kellstadt Graduate School of Business at DePaul University finished third.
Crain’s ranking is based on surveys of alumni from area schools and the corporate recruiters who hire them. Seven MBA programs, accredited by the Assn. to Advance Collegiate Schools of Business, are included in the ranking, as well as six executive MBA programs.
In the overall ranking, the University of Illinois at Chicago Liautaud Graduate School of Business moved up two spots from last year to finish fourth. Loyola University’s Graduate School of Business, Northern Illinois University’s College of Business and the Stuart School of Business at the Illinois Institute of Technology round out the list.
Alumni and recruiters took part in a wide-ranging survey about the MBA hiring climate and how students choose their programs. Some key findings:
22% of recruiters saw an increased need to hire MBAs in the coming year
59% of alumni said their degree helped them get a raise
43% saw raises of 25% or more
58% earn more than $100,000 annually
53% of alumni said their degree helped them get a promotion
48% of alumni said the degree helped them change jobs
On the list of executive MBA programs, Kellogg and the U of C topped the ranking, followed by the Chicago campuses of the University of Illinois at Urbana-Champaign and the University of Notre Dame. Loyola and NIU round out that list.
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