The Elite M7 Business Schools

M7 Business Schools, also known as Magnificent 7 or Magic 7 is a set of seven elite groups of business schools to study in USA. It’s an informal super-elite group of top business schools in the USA generally known for their MBA program and their influential alumni forming the M7 Business Schools.

Universities	QS Ranking 2023	Acceptance Rate	Average GMAT	Median Salary
Stanford	#1	6.10%	733	$180,831
Harvard	#2	12%	730	$176,928
Wharton	#3	9%	722	$181,927
Columbia	#8	18.20%	726	$174,313
MIT Sloan	#6	11.50%	720	$150,000
Kellogg	#14	20%	727	$161,000
Chicago Booth	#13	25%	724	$150,000

M7 Schools List

Here is the list of the top Schools in the world.

• Stanford School of Business
• Wharton School of Business
• Harvard Business School
• Columbia University of Business
• Booth School of Business
• MIT Sloan School of Business
• Northwestern Kellogg School of Business

What is the Value of M7 Schools?

M7 stands for ‘Magnificent Seven’ or ‘Magic Seven’ Schools in the world. While you may be wondering by the looks of ranking that many universities rank better than the other in some or the other way. There are, indeed, many universities in the world that are currently performing as greatly as these M7 schools, some even better. Then, why such an exclusive list of schools?

M7 schools, unlike rankings, do not change every year. They have stayed constant for decades and will be for many to come. M7 Schools are an informal group of top business schools which was brought together by the deans of these schools several years ago.

These 7 schools are the confirmation of success and a good life. The fact that these schools support each other to grow makes them an even better choice.

M7 Business Schools

Here are all the M7 Business Schools that you must know about:

Stanford Graduate School of Business

• In the heart of Silicon Valley lies one of the top M7 Business Schools which gave the world organizations such as Nike, Netflix, Paypal, YouTube, LinkedIn, Yahoo!, Cisco, Sun Pharma, the list is really long.
• In fact, one in every 20 Google employees is a graduate of this school.

Also Read

• Stanford MBA Acceptance Rate
• Stanford’s World’s Top 2% Scientists Features these 36 IIT Scientists!
• How to Get into Stanford
• How to get into Stanford MBA?

Booth School of Business

• One of the oldest b-schools in the world, Booth School of Business was the first American school to offer Executive MBAs and PhD after MBA options in business and management.
• Founded in 1898, Booth School of Business was amongst the first major business schools to start with an experiential leadership development program and one of the most influential M7 Business Schools.

Also Read

• Chicago Booth School of Business (Culture, Curriculum and More)

Harvard Business School

• Since 1908, as one of the top M7 Business Schools, Harvard Business School (HBS), has led to the transformation of thousands of common men. Also, Harvard is responsible for transforming them into the world’s most promising influencers and leaders.
• As per a study by US News, about 20% of the CEOs of Fortune 500 companies are Harvard alumni. P. Chidambaram, George W. Bush, Rahul Bajaj, Naina Lal Kidwai are some other well-known Harvard alumni.

Also Read

• Alumni of IIM, Ahmedabad, Indian-Origin Academician to Become Dean of Harvard Business School
• How Harvard Business School is Preparing for Online Learning?
• How to Get into Harvard Business School
• All you wanted to know about ‘Harvard Business School’
• How to Crack Harvard Business School Admissions?
• An Insight Into 2+2 Program at Harvard Business School

Columbia Business School

• Columbia Business School celebrated its centennial in 2015 and is considered as one of the biggest b-schools in the world.
• About one-third of the students are women and more than a fifth are members of minority groups, as a result of making the School one of the most diverse of the nation’s top business schools. 

Also Read

• Columbia Business School- Everything You Need to Know!
• Columbia Business School (Admissions, Experience And More)
• University of British Columbia Acceptance Rate

Wharton School of Business

• Wharton is one of the oldest M7 Business Schools and with Harvard, it is the first American b-school, a smithy of powerful men of the whole planet and the alma mater of billionaires.
• With just a 12% acceptance rate and students across the globe applying for it, only the best of the best can make their way to Wharton.

Also Read

• Everything You Need To Know About The Wharton College
• How to Get into Wharton?
• Notable Wharton Alumni

MIT Sloan of Management

• ‘MIT Sloan’, the B-School of the Massachusetts Institute of Technology, in Cambridge, USA is a name that resonates Grandeur and Excellence.
• With over 100 years of existence, MIT Sloan has been a dream for students from all over the globe. If you are a graduate of MIT Sloan School of Management, you will be climbing a ladder of transformation. Each step on the ladder will consequently make a better leader of you.

Also Read

• MIT Sloan School of Management
• MIT Sloan’s MBA Goes Test Optional for the Year 2020-21

Kellogg School of Management

• Recognized as one of the most prominent business schools, Kellogg is also ranked number 1 by The Economist & 3rd by Forbes in the Top US Business Schools List.
• Kellogg is also known for bringing forth business leaders like Charlie Baker (Governor of Massachusetts), Roshni Nadar (Executive Director and CEO, HCL Corporation), Joseph E. Hasten (President & CEO, ShoreBank), etc.

Also Read

• Kellogg School of Management‎ (Careers, Campus And More)

M7 Schools Rankings

M7 Schools usually rank among the top 15 schools in the world. But let’s see which School has ranked above the other in these individual rankings:

Universities	QS Ranking 2023	US News Ranking 2023	Bloomberg MBA Ranking 2023	Forbes MBA Ranking
Stanford	#1	#3 (Tie)	#1	#2
Harvard	#2	#5	#2	#4
Wharton	#3	#1 (Tie)	#7	#5
Columbia	#8	#8	#8	#7 (Tie)
MIT Sloan	#6	#5	#6	#7 (Tie)
Kellogg	#14	#3	#4	#3
Chicago Booth	#13	#1	#2	#1

M7 Schools Class Profile

Here are the Class Profiles of all the M7 Schools.

Universities	Class Size(Batch of 20-22)	Acceptance Rate	Applications
Stanford	436	6.1%	7,324
Harvard	732	12%	9,304
Wharton	916	9%	7,158
Columbia	782	18.2%	6,971
MIT Sloan	484	11.5%	5,560
Kellogg	559	20%	4,471
Chicago Booth	621	25%	4,909

Also Read MBA Acceptance Rates at Top US Business Schools

Universities	International Students	Women	Minority
Stanford	35%	47%	47%
Harvard	33%	44%	45%
Wharton	19%	41%	43%
Columbia	44%	40%	33%
MIT Sloan	33%	38%	39%
Kellogg	26%	40%	24%
Chicago Booth	30%	38%	42%

M7 School Student Qualifications

Here are the average qualification of students from different M7 Schools:

Universities	Average GMAT	Average GPA	Average Work Experience (in years)
Stanford	733	3.8	4.7
Harvard	730	3.70	4.7
Wharton	722	3.6	5
Columbia	726	3.6	5
MIT Sloan	720	3.54	5
Kellogg	727	3.6	5
Chicago Booth	724	3.6	5

M7 Schools Ranking in Different Disciplines

Here are the Rankings of all M7 Schools in different disciplines of MBA:

Universities	Business and Management Studies	Finance	Information Systems	Marketing	Entrepreneurship
Stanford	#2	#3	#2	#4	#1
Harvard	#1	#1	#7	#8	#3
Wharton	#6	#7	#35	#2	#6
Columbia	#18	#12	#19	#7	#15
MIT Sloan	#4	#2	#1		#2
Kellogg	#14	#31	–	#1	–
Chicago Booth	#22	#9	#47	#6	#21

Cost of Education in M7 Schools

The cost of attending the top MBA schools in the world varies according to your living standards and requirements. Every school has an average cost of living. Here are the costs of education in these M7 schools in the first year.

Universities	Tuition Fees	Living Allowances	Health Insurance	Supplies	Room and Utilities
Stanford	$74,706 (INR 54,07,750)	$16,430 ( INR 11,90,000)	$5,928 (INR 4,29,110)	$1,671 (INR 1,20,960)	$13,360 (INR 9,67,090)
Harvard	$73,440 (INR 5316100)	$16,570(INR 1199450)	$3,922(INR 283900)	$2,550(INR 184590)	$14,130(INR 1022830)
Wharton	$80,432(INR 5822200)	$10,213(INR 739290)	$3,733(INR 270220)	$6,480(INR 469070)	$21,050(INR 1523750)
Columbia	$77,376(INR 5601000)	$6,246(INR 452130)	$4,896(INR 354400)	$320 (INR 23170)	$24,822(INR 1796790)
MIT Sloan	$77,168(INR 5585960)	$9,547( INR 691080)	$3,950(INR 285930)	$2,550(INR 184590)	$20,700(INR1498410)
Kellogg	$74,871(INR 5419690)	$4,150 (INR 300400)	$4,170(INR 301860)	$1,647(INR 119220)	$17,100(INR 1237820)
Chicago Booth	$73,440 (INR 5316100)	$2,286 (INR 165480)	$4,566(INR 330520)	$684 (INR 49520)	$22,185(INR 1605900)

Also Read: Importance of Education in Life

Job Prospects after M7 Schools

Choosing schools as per their possible job prospects is important. You should know what future you entail with the school you are applying in. But with M7 Schools, success is a guarantee. Now, let’s see which one is better:

Universities	Employability Rankings	Median Salary
Stanford	#2	$180,831
Harvard	#5	$176,928
Wharton	#20	$181,927
Columbia	#21	$174,313
MIT Sloan	#1	$150,000
Kellogg	#30	$161,000
Chicago Booth	#14	$150,000

Industry Destinations for Graduate Students of M7 Schools

Here are the top industries that students select after choosing to study M7 schools.

School	Consulting	Consumer Products	Media	Finance	Health
Stanford	15%	4%	3%	34%	4%
Harvard	24%	3%	2%	34%	7%
Wharton	16.4%	2.8%	1.3%	36%	7.4%
Columbia	34%	1.7%	3.3%	33.2%	3.8%
MIT Sloan	31.2%	3.1%	1%	18.5%	5.6%
Kellogg	36%	7%	>1%	15%	5%
Chicago Booth	33.7%	4.3%	1%	31.3%	1%

Universities	Manufacturing	Non-profit	Retail	Services	Technology
Stanford	1%	1%	1%	3%	28%
Harvard	4%	4%	<1%	3%	19%
Wharton	2.3%	5.3%	5.2%	1.2%	16.9%
Columbia	4%	1.7%	–	–	15%
MIT Sloan	1.7%	1%	2.4%	1.5%	24.5%
Kellogg	3%	1%	2%	>1%	28%
Chicago Booth	0.6%	1%	1.4%	–	20.7%

Alumni Network in M7 Schools

Universities	Alumni	Clubs	Countries
Stanford	30,000	60	158
Harvard	80,000	93	160
Wharton	99,000	77	153
Columbia	45,000	80	148
MIT Sloan	24,000	95	149
Kellogg	60,000	70	100+
Chicago Booth	51,000	90	108

Leverage Edu experts have an extremely successful track record of placing students in the M7 business schools that regularly attract the best faculty, students, and recruiters. So, its time for you to take the major leap in your career and reach one of your dream M7 business schools.