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Northwestern steady, U. of C. slips in business school rankings

The new business name school is unveiled above assembled. Alumnus David G. Booth gives $300 milliUniversity Chicago business school largest

The new business name school is unveiled above the assembled. Alumnus David G. Booth gives $300 million to the University of Chicago business school, the largest gift in the school' s history. The school is to be renamed Chicago Booth in his honor. (Photo by Richard A. Chapman/Sun-Times)

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Updated: March 12, 2013 5:11PM

Northwestern University’s business school maintained its No. 4 ranking, while the University of Chicago’s Booth School slipped to No. 6 from last year’s No. 4 in the latest U.S. News & World Report graduate school rankings.

The University of Illinois at Urbana-Champaign ranked No. 47, down 10 spots from last year.

The rankings are based on factors such as admissions selectivity, program quality and graduates’ employment and salaries.

The magazine says it hopes the rankings help students sort through their options. It notes that an MBA graduate from Harvard University is more likely to earn a $100,000 starting salary than a graduate of a less prestigious business school.

Northwestern’s Kellogg School, listed as costing a full-time student $56,550 a year, tied with the Massachusetts Institute of Technology for No. 4.

Topping the list of best business schools were Harvard, at $53,500 a year, which tied with Stanford, at $57,300, for No. 1, and the University of Pennsylvania’s Wharton School, at $57,026, at No. 3.

The University of Chicago, at $56,000 a year, ranked No. 6, followed by the University of California-Berkeley at $51,422 for in-state students and $53,969 for out-of-state students; Columbia University in New York, costing $58,384; Dartmouth College at $56,160, and New York University, which cost $52,828.

For part-time MBA students, the University of Chicago’s Booth School came in at No. 2, behind the University of California at Berkeley, followed by Northwestern University’s Kellogg School at No. 3, down from its No. 1 ranking last year. Among other Chicago-area schools, Loyola took the No. 43 spot and DePaul’s part-time MBA program ranked No. 50.

The University of Chicago also ranked No. 2 for its finance program, which prepares students for careers in management and business administration. The University of Pennsylvania took top honors, while Northwestern’s Kellogg stood at No. 9.

The rankings included other specialty programs such as law, engineering and medical research.

• Law — The University of Chicago ranked No. 4, tied with Columbia University of New York and up one spot from last year; Northwestern ranked No. 12, up from No. 14 last year; the Illinois Institute of Technology stood at No, 68; Loyola ranked No, 76, and DePaul stood at No. 105.

• Medical research — The University of Chicago ranked No. 8, tied with Duke University and the University of Michigan at Ann Arbor; Northwestern took the No. 18 spot, tied with Baylor College of Medicine and Mount Sinai School of Medicine, and Rush University Medical Center ranked No. 62.

• Engineering — The University of Illinois tied for No. 5 with Carnegie Mellon and the Georgia Institute of Technology. Behind the three-way tie was Purdue University-West Lafayette at No. 8.

• Fine Arts — The School of the Art Institute of Chicago ranked No. 2, tied with the Rhode Island School of Design.

• Education — Northwestern University ranked No. 14; the University of Illinois-UC No. 19, and the University of Illinois at Chicago No. 32.

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