Top 4 Undergraduate Programs for Business

Updated: Jan 24

When deciding what colleges to apply to, the major you choose plays a big factor in the quality of education you’ll receive. Many colleges have great undergraduate and graduate programs in specific fields. For instance, the Massachusetts Institute of Technology (MIT) has one of the best computer science programs in the U.S. To be a top applicant for these competitive schools, you should aim to have a high GPA, high-class rank, high SAT/ACT score, and great extracurriculars. The business field offers a plethora of job opportunities along with the skills necessary to start your own company. As of 2020, these colleges have the best undergraduate programs for business in the United States.


University of Pennsylvania

According to the U.S. News and World Report, the University of Pennsylvania has the best undergraduate business program. The University of Pennsylvania is located in Philadelphia, Pennsylvania, with approximately 10,019 undergraduates enrolled in the 2019-2020 academic year. The University of Pennsylvania has an acceptance rate of 8% and a graduate rate of 95%. The University of Pennsylvania’s average enrollment cost is $77,264 before aid and $25,003 after aid. Furthermore, around 49% of students received aid or scholarships. The University of Pennsylvania’s average SAT scores are between 1450-1560, and their average ACT scores are between 33-35. The University of Pennsylvania is difficult to get into due to the low acceptance rate and highly competitive applicant pool. However, if you have exceptional stats and a strong interest in business, it is definitely worth applying.


Massachusetts Institute of Technology (MIT)

According to the U.S. News and World Report, MIT has the second-best undergraduate business program. MIT is located in Cambridge, Massachusetts, with approximately 4,530 undergraduates enrolled in the 2019-2020 academic year. MIT has an acceptance rate of 7% and a graduation rate of 93%. MIT’s average enrollment cost is $73,160 before aid and $18,278 after aid. Furthermore, around 60% of full-time undergraduate students receive aid or scholarships. MIT’s average SAT scores are between 1500-1570, and their average ACT scores are between 34-36. MIT is difficult to get into due to the low acceptance rate and highly competitive applicant pool. However, if you’re interested in business and have exceptional stats, it’s worth applying to MIT.


University of California - Berkeley (UC Berkeley)

According to the U.S. News and World Report, UC Berkeley is tied at third for the best undergraduate business program along with the University of Michigan. UC Berkeley is located in Berkeley, California, with approximately 31,780 undergraduates enrolled in the 2019-2020 academic year. UC Berkeley has an acceptance rate of 15% and a graduation rate of 92%. UC Berkeley’s average enrollment cost is $39,376 before aid and $14,846 after aid. Furthermore, around 67% of UC Berkeley’s students receive aid or scholarships. UC Berkeley’s average SAT scores are between 1320-1530 and average ACT scores between 31-35. UC Berkeley is easier to get into compared to the other colleges on this list. However, compared to most colleges, it still has a highly competitive application process and applicant pool.


University of Michigan

According to the U.S. News and World Report, the University of Michigan is tied at third for the best undergraduate business program along with UC Berkeley. The University of Michigan is located in Ann Arbor, Michigan, with approximately 30,079 undergraduates enrolled in the 2018-2019 academic year. The University of Michigan has an acceptance rate of 23% and a graduate rate of 91%. The University of Michigan’s average enrollment cost is $31,056 before aid and $16,010 after aid. According to the University of Michigan’s financial aid office, around 70% of residents and 40% of non-residents receive aid or scholarships. The University of Michigan’s average SAT scores are 1340-1530 and average ACT scores are 31-34. Although the University of Michigan is the easiest college to get into on this list, it still has a competitive application process and pool.


Although these universities are tough to get into, graduating from their undergraduate programs holds value in job applications and future opportunities.


Sources

“Student Profile: UC Berkeley: University of California, Berkeley.” Berkeley, UC Berkeley, admissions.berkeley.edu/student-profile.


“Admissions Statistics.” MIT Admissions, MIT, mitadmissions.org/apply/process/stats/.


“The Best Undergraduate Business Schools in America.” U.S. News & World Report, U.S. News & World Report, www.usnews.com/best-colleges/rankings/business-overall.


“University of Michigan.” Facts & Figures ', umich.edu/facts-figures/.


“Facts.” University of Pennsylvania, www.upenn.edu/about/facts.





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