When U.S. News & World Report asked the deans and senior faculty at accredited business schools to rate the quality of undergraduate business programs, the University of Pennsylvania’s Wharton School came out on top. Wharton was followed by MIT, UC-Berkeley, Michigan and New York University’s Stern School.

Compared to U.S. News’ overall ranking for national universities, its undergraduate business program list is a stripped-down, no frills version. It is based entirely on the magazine’s survey of business school deans and senior faculty, many of whom vote on the basis of a program’s reputation–not its true quality. In the spring of 2013, participants were asked to rate the quality of all programs they were familiar with on a scale from 1 (marginal) to 5 (distinguished). Some 36 percent of those surveyed responded.

The results of that survey vary greatly from both U.S. News’ overall ranking of national universities–which is based on a much wider set of criteria including SAT and ACT scores, high school rank of enrolled students, graduation rates and other factors. Indeed, the numerical ranks of schools also differ greatly from the only other authoritative ranking of undergraduate business programs published every year by Bloomberg BusinessWeek, which started ranking undergraduate programs in 2006.

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Source: poetsandquantsforundergrads.com