The Ivy League Business Schools

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The Ivy League Business Schools


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Six of the eight Ivy League universities in the Northeastern United States have a business school that offers a Master of Business Administration degree, including Columbia University, Cornell University, Dartmouth College, Harvard University, the University of Pennsylvania, and Yale University. Wharton School at Pennsylvania and Cornell SC Johnson College of Business also have an undergraduate business program.

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The Ivy League is an American collegiate athletic conference comprising sports teams from eight private universities in the Northeastern United States. The term Ivy League is typically used to refer to those eight schools as a group of elite colleges beyond the sports context. The eight members are Brown University, Columbia University, Cornell University, Dartmouth College, Harvard University, the University of Pennsylvania, Princeton University, and Yale University. Ivy League has connotations of academic excellence, selectivity in admissions, and social elitism.

While the term was in use as early as 1933, it became official only after the formation of the NCAA Division I athletic conference in 1954. Seven of the eight schools were founded during the colonial period (Cornell was founded in 1865), and thus account for seven of the nine Colonial Colleges chartered before the American Revolution. The other two colonial colleges Rutgers University and the College of William & Mary became public institutions instead.

Ivy League schools are generally viewed as some of the most prestigious, and are ranked among the best universities worldwide by U.S. News & World Report. All eight universities place in the top fourteen of the 2019 MBA Guidebook World Report national university rankings, including four Ivies in the top three (Columbia and Yale are tied for 3rd). In the 2019 U.S. News & World Report global university rankings, three Ivies rank in the top ten (Harvard 1st, Columbia 7th, and Princeton 8th) and six in the top twenty-three. Undergraduate-focused Ivies such as Brown University and Dartmouth College rank 99th and 197th, respectively. U.S. News has named a member of the Ivy League as the best national university in each of the past 18 years ending with the 2018 rankings: Princeton eleven times, Harvard twice, and the two schools tied for first five times.

Undergraduate enrollments range from about 4,000 to 14,000, making them larger than those of a typical private liberal arts college and smaller than a typical public state university. Total enrollments, including graduate students, range from approximately 6,400 at Dartmouth to over 20,000 at Columbia, Cornell, Harvard, and Penn. Ivy League financial endowments range from Brown's $3.5 billion to Harvard's $34.5 billion, the largest financial endowment of any academic institution in the world.

The Ivy League has drawn many comparisons to other elite grouping of universities in other nations such as Oxbridge and the Golden Triangle in the United Kingdom, C9 League in China, Group of Eight in Australia, and Imperial Universities in Japan. These counterparts are often referred to in the American media as the "Ivy League" of their respective nations. Additionally, groupings of schools use the "Ivy" nomenclature to denote a perceived comparability, such as American liberal arts colleges (Little Ivies), lesser known schools (Hidden Ivies), public universities (Public Ivies), and schools in the Southern United States (Southern Ivies).


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