The top 20 business schools where graduates earn the most money, ranked from lowest to highest salary

The University of Pennsylvania took the top spot.

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The University of Pennsylvania took the top spot.
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Via Wikimedia Commons

  • The business school where graduates earn the highest salary is The University of Pennsylvania, according to data from online lender SoFi.
  • SoFi looked at reported salary on over 60,000 student-loan refinancing applications to rank the top business schools by the average salary of its graduates.
  • The average salary on the list of the top 20 business schools was $109,992.

Business school is a serious investment of time and money.

It makes sense to choose a business school based on what will help lead you to the highest salary once you graduate with an MBA.

With that in mind, online lender SoFi looked at the average salary graduates of American business schools earn and ranked the top 20.

SoFi’s approach is unique. It reviewed the self-reported income on over 60,000 student-loan refinancing forms from January 2014 to December 2017.

The average salary for graduates of all business schools SoFi reviewed was $109,992. The University of Pennsylvania took the top spot, beating out Harvard, Columbia, and Stanford business schools. Wharton graduates earn an average salary of $224,034, according to SoFi’s data.

Below are the top 20 business schools where graduates earn the most money, ranked from lowest to highest salary.


20. University of Texas at Austin — $139,776

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Wikimedia Commons

19. University of Southern California — $141,082

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Via Wikimedia Commons

18. Georgetown University — $142,667

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Georgetown University.
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Wikimedia Commons

17. University of Pittsburgh — $149,157

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University of Pittsburgh/Facebook

16. University of Michigan, Ann Arbor — $153,147

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Flickr/fordschool

15. University of California, Los Angeles — $153,763

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Kevork Djansezian/Getty Images

14. Duke University — $154,601

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Duke University/Facebook

13. University of Virginia — $154,902

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Facebook/University of Virginia

12. Yale University — $158,170


11. New York University — $165,030

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Facebook/NYU

10. Massachusetts Institute of Technology — $165,666

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Via Flickr

9. University of Chicago — $166,215

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Jean Lachat

8. Cornell University — $167,544

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upsand/Flickr

7. Northwestern University — $167,770

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Wikimedia Commons

6. Dartmouth College — $169,498

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Dartmouth/Facebook

5. University of California, Berkeley — $171,270


4. Harvard University — $184,463

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Harvard University/Facebook

3. Stanford University — $186,534

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Cyclists traverse the main quad on Stanford University’s campus in Stanford California
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Thomson Reuters

2. Columbia University — $189,295

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Students walk across the campus of Columbia University in New York
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Thomson Reuters

1. University of Pennsylvania — $224,034

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Via Wikimedia Commons