Several Chicago-area universities garnered top spots in U.S. News & World Report’s recent rankings of graduate business schools.
Two of the top five master’s in business administration programs nationwide are in the Chicago area. Northwestern University’s Kellogg School of Business ranked third, tied with the University of Pennsylvania's Wharton School. And University of Chicago’s Booth School ranked fifth -- tied with Massachusetts Institute of Technology.
The rankings are based on the results of surveys of academic programs at similar universities, as well as of companies that have hired graduates, according to U.S. News. The rankings also weigh factors such as how long it took graduates to find a job and what their starting salaries were.
Harvard University was ranked first, followed by Stanford University, ranked second.
Northwestern and University of Chicago were the only two full-time business programs in the area ranked in U.S. News’ latest figures. The magazine is well-known for its college and graduate school rankings.
Among part-time MBA programs, University of Chicago and Northwestern ranked second and third, respectively, while DePaul ranked ninth, out of 32 schools.
Ray Whittington, the dean of DePaul’s business school, said in a news release that its part-time program has ranked highly for the last 14 years because it gives students so many different options.
DePaul’s full-time program was not ranked, nor were the programs at Loyola, Illinois Institute of Technology or University of Illinois at Chicago.
Daily News Staff Writer Peter Sachs covers higher education. He can be reached at 773.362.5002, ext. 18, or peter [at] chitowndailynews [dot] org.