3. Univ. of Chicago - Booth
• Index: 98.9
Chicago Booth ranked third on Poets&Quants' list for the fourth consecutive year and continued to build on its formidable momentum. Among the top 10 U.S. business schools, Booth reported the largest increase in applications this year: a near 10% increase. The increased volume allowed the school to be quite selective, admitting only 21% of its applicant pool. The median GMAT score for the incoming class this year was 730, matching Harvard Business School for the very first time.
When grads from the class of 2008 were surveyed for a return-on-investment ranking of MBA programs, Booth turned up second, behind only Stanford University's Graduate School of Business. It was a surprising showing, particularly given Booth's reputation for its educational offerings in finance, which was among the most damaged sectors during the Great Recession and was particularly punishing to class of 2008 grads. Yet, Chicago alumni reported five-year gains in average salary of $92,600, well above Harvard's $79,600 or Wharton's $74,400.