What Are The M7 Business Schools? Why Those Are Elite? With Ranking
Who Are The M7 Business Schools?
M7 stands for ‘Magnificent Seven’ or ‘Magic Seven’ Business Schools, which are well-reputed as elite business schools in the United States. The Deans of these business schools form this network years ago to brace the prestige of these business schools.
M7 business schools represent their own unique values, characteristics, and challenges. These M7 business schools facilitate their students in deep academic resources and practical bases program curriculum. Recruiters in the world usually attract to the graduates in these business schools.
List of M7 Business Schools
Following is the List of M7 Elite Business Schools:
- Harvard Business School
- Wharton School at the University of Pennsylvania
- Stanford Graduate School of Business
- Columbia Business School
- MIT Sloan School of Management
- Northwestern University, Kellogg School of Management
- University of Chicago, Booth School of Business
The United States University Rank of M7 Business Schools
The following are how the M7 business schools rank in the United States University Ranking, according to leading business publications:
| M7 Business School | QS World – University Rankings USA | uniRank – US University Ranking | Forbes – America’s Top Colleges | US News – Best National University Rankings |
|---|---|---|---|---|
| Harvard | 1 | 2 | 1 | 2 |
| Pennsylvania (Wharton) | 10 | 12 | 6 | 8 |
| Stanford | 2 | 3 | 2 | 6 |
| Columbia | 7 | 7 | 14 | 3 |
| MIT | 3 | 1 | 4 | 4 |
| Northwestern (Kellogg) | 16 | 34 | 17 | 9 |
| Chicago (Booth) | 11 | 21 | 16 | 6 |
MBA Rank of M7 Business Schools
The following are how the MBA program offering of the M7 Business Schools rank, according to leading business publications:
| M7 Business School | US News Rank | Fortune Education Rank | QS Global Rank | Financial Times Rank |
|---|---|---|---|---|
| Harvard | 5 | 1 | 4 | 1 |
| Wharton | 2 | 3 | 2 | 3 |
| Stanford | 1 | 2 | 1 | 2 |
| Columbia | 7 | 6 | 5 | 9 |
| MIT | 5 | 8 | 3 | 7 |
| Kellogg | 4 | 5 | 8 | 10 |
| Booth | 3 | 4 | 7 | 7 |
We have surveyed over 300+ leading MBAs worldwide and crafted the typical MBA program curriculum. You can check this article using this link.
Why are M7 Business Schools considered as Elite?
M7 business schools are considered elite in the world. There are many reasons behind the same.
- University rankings are subjective for change every year by different publications. But the rankings of M7 business schools are very constant on average.
- MBA degrees create business professionals who drive the leading corporates worldwide. MBAs of the M7 business schools have a variety of distinctive values including mastering their knowledge through lectures from industry leaders, case study-based learning, group activities, simulations, role-playing scenarios, research, and much more. M7 business schools usually work collectively to enrich the quality of business education.
- The M7 MBA application requirements are at a very good standard. The average GMAT score required at the M7 business schools is 720+. Also requires an average minimum of 2 years of work experience. The M7 business schools are highly competitive. You may check with the schools about the detailed entry requirements.
- Average salaries of M7 MBA graduates are very competitive and beyond the industry average. It is publicly known that they can expect an easy six-figure salary after graduation.
M7 Business Schools
1. Harvard Business School
Harvard Business School (HBS) is a globally renowned business school stationed at Harvard University in Boston, Massachusetts. The school was established in 1908. HBS MBA program ranks among the top in the world. In addition to their renowned MBA, Harvard Business School offers various other programs such as PhDs, DBAs, Executive Education.
The mission of HBS is that: “we educate leaders who make a difference in the world”.
2. Wharton School at the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania. The Wharton School is considered one of the most reputed business schools in the world. This was established in 1881.
The Wharton School awards BSc in Economics at the undergraduate level and MBA at the postgraduate level. Wharton’s MBA program is ranked No. 2 in the United States according to the U.S. News and No. 3 according to the Fortune Education Rank. This business school is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education.
3. Stanford Graduate School of Business
The Stanford Graduate School of Business is the graduate business school of Stanford University. The Stanford Graduate School is well reputed for its MBA program offering. Apart from MBAs, this Graduate School offers MSx programs, Ph.D. programs, etc.
The mission of Stanford Graduate School is to create ideas that deepen and advance our understanding of management and with those ideas to develop innovative, principled, and insightful leaders who change the world.
4. Columbia Business School
Columbia Business School (CBS) is the business school of Columbia University. It is situated centered in New York City, the global hub of business. Established in 1916, Columbia Business School is one of the oldest business schools in the world.
Mission Statement of Columbia Business School is: we are committed to educating and developing leaders and builders of enterprises who create value for their stakeholders and society at large; we accomplish this through our MBA, MS, PhD, and Executive Education programs.
5. MIT Sloan School of Management
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts, United States. This business school is established in 1914. MIT Sloan offers bachelor’s, master’s, and doctoral degree programs, as well as executive education.
The MIT MBA is rank among the top 10 MBAs in leading business publications such as US News, QA Global, Financial Times, and Fortune Education.
6. Northwestern University, Kellogg School of Management
The Kellogg School is the business school of Northwestern University. This business school is founded in 1908. Kellogg is one of the oldest and prestigious business schools in the world and has made significant contributions to the world.
The Kellogg Purpose is to educate, equip and inspire leaders who build strong organizations and wisely leverage the power of markets to create lasting value.
7. University of Chicago, Booth School of Business
Founded in 1898, the University of Chicago Booth School of Business is the business school of the University of Chicago. Chicago Booth is one of the oldest business schools in the United States. Chicago Booth’s MBA program is ranked No. 4 in the Fortune Education Rank. Chicago Booth’s MBA is considered one of the top MBAs in the globe.
The mission of Chicago Booth is to create knowledge with enduring impact, and educate current and future leaders.
General FAQs of M7 Business Schools
What is the M7 MBA Cost?
M7 MBA program average total cost is around $230,000. This is more than the global average of MBA programs around $170,000.
What is the M7 MBA Duration?
Average duration of M7 MBA is 1.5 Years to 4 Years. Duration depends on the MBA Program Type and the Course Layout.
What is the GMAT Score Required for M7 MBA?
The average GMAT score required at the M7 business schools is considered as 720+. You may check with the individual school about the detailed entry requirements.
Which MBA Program Provides the Highest Salary?
Generally, M7 MBA holders have the highest salary negotiable capability due to the prestige and the knowledge earned from those MBAs. But this depends on an individual’s capacity and the company salary scale.
What are the Modules of an MBA?
Generally MBAs Consist of These Modules: Corporate Finance, Strategic Management, Financial Accounting, Management Accounting, Business Ethics, Human Resource Management, Organizational Behavior, Information Technology, Economics, Marketing, Operations Management, Supply Chain Management.
What is an MBA?
A Master of Business Administration (MBA) is a qualification that equips theoretical and practical training to improve the business knowledge of their students. An MBA is designed for the graduates to master their knowledge through lectures, case studies, simulations, research, prototyping, group activities, assignments, and much more.
What is the University list of M7?
List of M7 universities are: Harvard Business School, Wharton School at the University of Pennsylvania, Stanford Graduate School of Business, Columbia Business School, MIT Sloan School of Management, Northwestern University Kellogg School of Management, and University of Chicago Booth School of Business.
Does M7 Business Schools has Alumni Network?
Yes. Individual M7 Business School has its own Alumni Networks. Those consist of events in both social (get-togethers, happy hours, gathering events, etc.) and professional (lectures, industry seminars, workshops, etc.) aspects.
