The Princeton Review's 2023 Best Business Schools Rankings Are Now Out

Based on Surveys of 29,900 Students and Administrators at 397 Business Schools, Rankings Name Best On-Campus MBA Programs in 18 Categories and 50 Best Online MBA Programs

NEW YORK, January 31, 2023 / —  The Princeton Review®—known for its education services and school rankings in dozens of categories—today released its ranking lists of Best Business Schools for 2023.

The company reports these annual rankings in two groups. One lists the best On-Campus MBA Programs. In 18 categories, it names the top 10 schools in each category. Stanford University is #1 on five of the 18 categories of these lists for the second consecutive year. The other group lists the top 50 Online MBA Programs. Indiana University—Bloomington is #1 on this list for the fifth consecutive year.

The complete ranking lists are posted at where they are accessible for free. The ranking list categories and the top schools on the lists for 2023 are shown below. 

The Princeton Review’s Best Business Schools rankings are uniquely based on institutional data the company gathers from administrators at business schools as well as surveys of students attending the schools who rate and report on their experiences at them. The rankings for 2023 are based on surveys in 2021-22 of administrators at 397 business schools offering on-campus and/or online MBAs, and surveys of 29,900 students enrolled in the schools over the past three academic years.  

More than 60 data points are factored into company’s ranking list tallies. Some lists are based on data from both the administrator and student surveys.  Some are based solely on data from student surveys. One is based solely on data from the administrator survey. Information about the methodology for the rankings is posted on The Princeton Review website here.

“We recommend these schools highly and with great regard for the MBA programs they offer,” said Rob Franek, The Princeton Review's Editor-in-Chief. “Since we developed our b-school rankings more than two decades ago, our goal, every year, has been to help applicants choose the MBA programs best for them.  This is why we collect a broad range of data to compile rankings in multiple categories. In our opinion, no b-school is #1 in all aspects, nor is any b-school ideal for all applicants. However, every MBA program—on-campus as well as online—that made our lists for 2023 offers outstanding academics, superb experiential components, and impressive career services. As important, every one garnered positive ratings from MBA students we surveyed who attend—or are recent grads of—the program.”

The Princeton Review's On-Campus MBA Programs Ranking for 2023

The 18 Categories and #1 Schools on the Lists:

  • Best MBA for Consulting – Yale University (CT)
  • Best MBA for Finance – New York University
  • Best MBA for Human Resources – American University (DC)
  • Best MBA for Management – Stanford University (CA)
  • Best MBA for Marketing – Stanford University 
  • Best MBA for Nonprofit – Stanford University
  • Best MBA for Operations – Purdue University (IN)
  • Best Career Prospects – New York University
  • Best Classroom Experience – Stanford University
  • Greatest Resources for Minority Students – Howard University (DC)
  • Greatest Resources for Women – University of Washington (WA)

The lists above are based on student and administrator survey data.

  • Best Administered – University of Michigan—Ann Arbor
  • Best Campus Environment – Cornell University (NY)
  • Best Green MBA– Bard College (NY)
  • Best Professors – University of Michigan—Ann Arbor
  • Most Competitive Students – Acton School of Business (TX)
  • Most Family-Friendly – Cornell University
The lists above are based solely on student survey data. 
  • Toughest to Get Into – Stanford University

The list above is based solely on administrator survey data. 

About The Princeton Review On-Campus MBA Program Rankings

In 18 categories, these ranking lists each name the top 10 schools. The lists for 2023 are based on data from surveys of administrators at 243 business schools in 2021-22, and of more than 20,300 students enrolled at the schools’ on-campus MBA programs during the 2021-22, 2020-21, or 2019–20 school years. On average, surveys from 83 students per on-campus MBA program were tallied for the rankings. The 90-question student survey asks students to rate and/or report on their academics, student body, and campus life, as well as their career plans. The 300-question administrator survey asks administrators to report institutional data on their MBA program’s academics, selectivity, faculty, technical platforms, career services, and other topics. Note: The Princeton Review also reports ratings (numerical scores on a scale of 60 to 99) of the on-campus MBA programs of the business schools. The ratings are based on data from the student and administrator surveys and appear in the profiles of the schools on  FAQs on the company’s Best Business Schools for 2023 are at Princeton Review has reported its Best Business Schools On-Campus MBA program rankings since 2004..

The Princeton Review's Online MBA Program Rankings for 2023

The top 10 schools on the Top 50 Schools List:

  1. Indiana University—Bloomington
  2. University of North Carolina at Chapel Hill
  3. University of Southern California
  4. Rice University (TX)
  5. Carnegie Mellon University (PA)
  6. University of Denver (CO)
  7. Jack Welch Management Institute (VA)
  8. University of Nebraska—Lincoln
  9. University of Florida
  10. University of Utah
This list is based on student survey and administrator data.

About The Princeton Review Online MBA Program Rankings

This list names the top 50 schools in rank order based on data from The Princeton Review’s surveys in 2021-22 of administrators at 154 business schools offering online MBAs (defined as where a majority of the program is online), and of more than 9,600 students enrolled in the online MBA programs. On average, surveys from 62 students per online MBA program were tallied for the rankings. The student survey asks students to rate their academics, faculty, technology platform, fellow students, and other topics as well as report on their overall satisfaction with their program. The administrator survey requests data about the school’s admissions, selectivity, faculty training and credentials, technological infrastructure, graduation rates, and career outcomes as well as other topics. More than 60 data points from the surveys are weighted to tally the lists. The Princeton Review has reported its Best Business Schools Online MBA program rankings since 2015.

Today, The Princeton Review also reported its rankings of the Best Law Schools for 2023. The lists, in 14 categories, are posted at

The Princeton Review reported its ranking lists of the Top 50 Undergraduate and Top 50 Graduate Schools for Entrepreneurship Studies for 2023 on November 15, 2022. These lists are posted on the company’s website at as well as on the website of Entrepreneur magazine, The Princeton Review’s longtime reporting partner for this project, at

All schools that participate in The Princeton Review surveys for its rankings are considered for the ranking lists. Schools that do not participate in the surveys are not considered.

About The Princeton Review

The Princeton Review® is a leading tutoring, test prep, and college admissions services company. Every year, it helps millions of college- and graduate school–bound students as well as working professionals achieve their education and career goals through its many education services and products. These include online and in-person courses delivered by a network of more than 4,000 teachers and tutors; online resources; more than 150 print and digital books published by Penguin Random House; and dozens of categories of school rankings. Founded in 1981, The Princeton Review is now in its 42nd year. The company’s brand, now in its 23rd year, is one of the largest online tutoring services in the U.S. It comprises a community of thousands of tutors who have delivered more than 23 million one-to-one tutoring sessions. The Princeton Review is headquartered in New York, NY. The Princeton Review is not affiliated with Princeton University. For more information, visit and the company's Media Center. Follow the company on Twitter (@ThePrincetonRev) and Instagram (@theprincetonreview).

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Contact: Jeanne Krier, Publicist for The Princeton Review,