Top Executive MBA Programs of 2011

  1. A Changing of the Guard
    1

    A Changing of the Guard

    The latest Bloomberg Businessweek ranking of the world's top executive MBA programs features a shakeup at the very top. The University of Chicago's Booth School of Business has captured the No. 1 spot for the first time since the ranking began 20 years ago, ousting Chicago-area rival Northwestern's Kellogg School of Management, which until now was the only No. 1 school in the ranking's history.

    While both schools continue to garner the respect of EMBA directors, the overall satisfaction of Kellogg EMBA graduates appears to have declined–the program ranked 11th in our grad poll this year, down from eighth in 2009, the last time we ranked EMBA programs. One possible reason: support staff and services. In 2009, Kellogg grads awarded the program an A+ in this category. This year they gave it a B.

    The new ranking is a setback for Kellogg, which won the No. 1 spot in six consecutive rankings: 1991, 2001, 2003, 2005, 2007 and 2009. In 1993, 1997, and 1999, Bloomberg Businessweek published alphabetical lists of top programs; in 1995 it did not publish an EMBA ranking.

    In the slides that follow, we list the 40 top EMBA programs, an expanded ranking that now includes many schools that appeared in an unranked second tier in 2009. To see the complete list, including the new second tier, use our interactive graphic. To learn more about individual programs, check out their online profiles, use our comparator tool, or take a virtual school tour. And for a detailed explanation of our methodology, read our FAQ.

    Note: Tuition represents the total cost of the EMBA program; out-of-state tuition was used for University of Michigan and University of Georgia. NR=not ranked.

    Join the discussion on the Bloomberg Businessweek Business School Forums, visit us on Facebook, and follow @BWbschools on Twitter.

  2. 1. University of Chicago (Booth)
    2

    1. University of Chicago (Booth)

    Chicago

    2009 Rank: 2
    Total Tuition: $148,000
    Enrollment: 555
    Top Teaching Method: Lectures (40 percent)
    Avg. Class Size (core): 90
    Avg. Class Size (elective): 45

    Teaching Quality Grades
    • Entrepreneurship: A+
    • Finance: A+
    • Int'l Business: A
    • Marketing: A+
    • Strategy: B
    • Sustainability: A

  3. 2. Columbia University
    3

    2. Columbia University

    New York

    2009 Rank: 4
    Total Tuition: $154,320
    Enrollment: 888
    Top Teaching Method: Case studies (40 percent)
    Avg. Class Size (core): 54
    Avg. Class Size (elective): 31

    Teaching Quality Grades
    • Entrepreneurship: A+
    • Finance: A+
    • Int'l Business: A+
    • Marketing: A
    • Strategy: A
    • Sustainability: A+

  4. 3. Northwestern University (Kellogg)
    4

    3. Northwestern University (Kellogg)

    Evanston, Ill.

    2009 Rank: 1
    Total Tuition: $159,900
    Enrollment: 389
    Top Teaching Method: Case studies, lectures (30 percent each)
    Avg. Class Size (core): 58
    Avg. Class Size (elective): 29

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: A
    • Int'l Business: B
    • Marketing: A
    • Strategy: B
    • Sustainability: B

  5. 4. IE Business School
    5

    4. IE Business School

    Madrid

    2009 Rank: 6
    Total Tuition: $73,760
    Enrollment: 336
    Top Teaching Method: Case studies (60 percent)
    Avg. Class Size (core): 30
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    • Entrepreneurship: A
    • Finance: A
    • Int'l Business: A+
    • Marketing: A+
    • Strategy: B
    • Sustainability: A+

  6. 5. UCLA (Anderson)
    6

    5. UCLA (Anderson)

    Los Angeles

    2009 Rank: 8
    Total Tuition: $113,661
    Enrollment: 246
    Top Teaching Method: Lectures (35 percent)
    Avg. Class Size (core): 69
    Avg. Class Size (elective): 32

    Teaching Quality Grades
    • Entrepreneurship: A+
    • Finance: A+
    • Int'l Business: A
    • Marketing: A
    • Strategy: C
    • Sustainability: A+

  7. 6. University of Michigan (Ross)
    7

    6. University of Michigan (Ross)

    Ann Arbor, Mich.

    2009 Rank: 7
    Total Tuition: $136,000
    Enrollment: 129
    Top Teaching Method: Case studies, team projects, distance learning, experiential learning (20 percent each)
    Avg. Class Size (core): 43
    Avg. Class Size (elective): 43

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: A+
    • Int'l Business: A
    • Marketing: A+
    • Strategy: A+
    • Sustainability: B

  8. 7. Southern Methodist University (Cox)
    8

    7. Southern Methodist University (Cox)

    Dallas

    2009 Rank: 9
    Total Tuition: $104,125
    Enrollment: 168
    Top Teaching Method: Case studies (30 percent)
    Avg. Class Size (core): 41
    Avg. Class Size (elective): 41

    Teaching Quality Grades
    • Entrepreneurship: A+
    • Finance: A+
    • Int'l Business: A+
    • Marketing: A+
    • Strategy: A
    • Sustainability: A+

  9. 8. University of Southern California (Marshall)
    9

    8. University of Southern California (Marshall)

    Los Angeles

    2009 Rank: 5
    Total Tuition: $114,000
    Enrollment: 330
    Top Teaching Method: Case studies, lectures (25 percent each)
    Avg. Class Size (core): 64
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: B
    • Int'l Business: A
    • Marketing: A
    • Strategy: A+
    • Sustainability: A

  10. 9. University of Pennsylvania (Wharton)
    10

    9. University of Pennsylvania (Wharton)

    Philadelphia and San Francisco

    2009 Rank: 3
    Total Tuition: $170,550
    Enrollment: 407
    Top Teaching Method: NA
    Avg. Class Size (core): 52
    Avg. Class Size (elective): 22

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: A+
    • Int'l Business: B
    • Marketing: C
    • Strategy: C
    • Sustainability: C

  11. 10. Duke University (Fuqua)
    11

    10. Duke University (Fuqua)

    Durham, N.C.

    2009 Rank: 10
    Total Tuition: $146,600
    Enrollment: 594
    Top Teaching Method: Lectures (35 percent)
    Avg. Class Size (core): 55
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    • Entrepreneurship: C
    • Finance: B
    • Int'l Business: B
    • Marketing: C
    • Strategy: B
    • Sustainability: B

  12. 11. University of North Carolina (Kenan-Flagler)
    12

    11. University of North Carolina (Kenan-Flagler)

    Chapel Hill, N.C.

    2009 Rank: 11
    Total Tuition: $89,000
    Enrollment: 213
    Top Teaching Method: Case studies  (50 percent)
    Avg. Class Size (core): 47
    Avg. Class Size (elective): 23

    Teaching Quality Grades
    • Entrepreneurship: A+
    • Finance: A
    • Int'l Business: B
    • Marketing: A
    • Strategy: A
    • Sustainability: A

  13. 12. IESE
    13

    12. IESE

    Barcelona, Spain

    2009 Rank: 13
    Total Tuition: $126,500
    Enrollment: NA
    Top Teaching Method: Case studies (40 percent)
    Avg. Class Size (core): 35
    Avg. Class Size (elective): 35

    Teaching Quality Grades
    • Entrepreneurship: A+
    • Finance: A
    • Int'l Business: B
    • Marketing: B
    • Strategy: A
    • Sustainability: A+

  14. 13. New York University (Stern)
    14

    13. New York University (Stern)

    New York

    2009 Rank: 14
    Total Tuition: $149,000
    Enrollment: 190
    Top Teaching Method: Case studies (35 percent)
    Avg. Class Size (core): 42
    Avg. Class Size (elective): 23

    Teaching Quality Grades
    • Entrepreneurship: A+
    • Finance: A
    • Int'l Business: A
    • Marketing: B
    • Strategy: A
    • Sustainability: A+

  15. 14. Ohio State University (Fisher)
    15

    14. Ohio State University (Fisher)

    Columbus, Ohio

    2009 Rank: 15
    Total Tuition: $78,500
    Enrollment: 47
    Top Teaching Method: Team projects (25 percent)
    Avg. Class Size (core): 47
    Avg. Class Size (elective): 47

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: A
    • Int'l Business: C
    • Marketing: A+
    • Strategy: A+
    • Sustainability: A+

  16. 15. Emory University (Goizueta)
    16

    15. Emory University (Goizueta)

    Atlanta

    2009 Rank: 12
    Total Tuition: $95,600
    Enrollment: 142
    Top Teaching Method: Case studies (40 percent)
    Avg. Class Size (core): 38
    Avg. Class Size (elective): 30

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: B
    • Int'l Business: B
    • Marketing: B
    • Strategy: A+
    • Sustainability: B

  17. 16. Thunderbird School of Global Management
    17

    16. Thunderbird School of Global Management

    Glendale, Ariz.

    2009 Rank: 2nd Tier
    Total Tuition: $88,700
    Enrollment: 112
    Top Teaching Method: Case studies (45 percent)
    Avg. Class Size (core): 46
    Avg. Class Size (elective): 5

    Teaching Quality Grades
    • Entrepreneurship: C
    • Finance: B
    • Int'l Business: A+
    • Marketing: A
    • Strategy: B
    • Sustainability: A

  18. 17. University of Maryland (Smith)
    18

    17. University of Maryland (Smith)

    College Park, Md.

    2009 Rank: NR
    Total Tuition: $98,500
    Enrollment: 40
    Top Teaching Method: Lectures (35 percent)
    Avg. Class Size (core): 40
    Avg. Class Size (elective): 40

    Teaching Quality Grades
    • Entrepreneurship: A
    • Finance: A
    • Int'l Business: C
    • Marketing: A+
    • Strategy: A+
    • Sustainability: A

  19. 18. INSEAD
    19

    18. INSEAD

    France/Singapore

    2009 Rank: 19
    Total Tuition: $130,022
    Enrollment: 105
    Top Teaching Method: Case studies, lectures (32 percent each)
    Avg. Class Size (core): 40
    Avg. Class Size (elective): 35

    Teaching Quality Grades
    • Entrepreneurship: A
    • Finance: B
    • Int'l Business: B
    • Marketing: B
    • Strategy: A
    • Sustainability: C

  20. 19. ESADE
    20

    19. ESADE

    Barcelona, Spain

    2009 Rank: 17
    Total Tuition: $135,000
    Enrollment: 171
    Top Teaching Method: Simulations, team projects, distance learning, experiential learning (20 percent each)
    Avg. Class Size (core): 42
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: B
    • Int'l Business: B
    • Marketing: B
    • Strategy: B
    • Sustainability: A

  21. 20. Washington University (Olin)
    21

    20. Washington University (Olin)

    St. Louis

    2009 Rank: 2nd Tier
    Total Tuition: $99,000
    Enrollment: 235
    Top Teaching Method: Case studies (35 percent)
    Avg. Class Size (core): 40
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: B
    • Int'l Business: A
    • Marketing: A
    • Strategy: A
    • Sustainability: B

  22. 21. Cornell University (Johnson)
    22

    21. Cornell University (Johnson)

    Ithaca, N.Y.

    2009 Rank: 2nd Tier
    Total Tuition: $145,380
    Enrollment: 373
    Top Teaching Method: Lectures (40 percent)
    Avg. Class Size (core): 59
    Avg. Class Size (elective): 35

    Teaching Quality Grades
    • Entrepreneurship: A
    • Finance: B
    • Int'l Business: B
    • Marketing: A
    • Strategy: B
    • Sustainability: B

  23. 22. University of Georgia (Terry)
    23

    22. University of Georgia (Terry)

    Atlanta

    2009 Rank: NR
    Total Tuition: $77,000
    Enrollment: 299
    Top Teaching Method: Distance learning (40 percent)
    Avg. Class Size (core): 35
    Avg. Class Size (elective): 35

    Teaching Quality Grades
    • Entrepreneurship: A
    • Finance: C
    • Int'l Business: A
    • Marketing: B
    • Strategy: B
    • Sustainability: A

  24. 23. University of Texas (McCombs)
    24

    23. University of Texas (McCombs)

    Austin, Tex.

    2009 Rank: 2nd Tier
    Total Tuition: $85,000
    Enrollment: 126
    Top Teaching Method: Case studies (55 percent)
    Avg. Class Size (core): 64
    Avg. Class Size (elective): 30

    Teaching Quality Grades
    • Entrepreneurship: A
    • Finance: A
    • Int'l Business: A+
    • Marketing: A
    • Strategy: A+
    • Sustainability: A

  25. 24. Georgetown University (McDonough)
    25

    24. Georgetown University (McDonough)

    Washington, D.C.

    2009 Rank: 18
    Total Tuition: $114,000
    Enrollment: 141
    Top Teaching Method: Case studies, lectures, team projects, simulations, experiential learning (20 percent each)
    Avg. Class Size (core): 46
    Avg. Class Size (elective): 23

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: B
    • Int'l Business: A+
    • Marketing: B
    • Strategy: A
    • Sustainability: B

  26. 25. London Business School
    26

    25. London Business School

    London

    2009 Rank: 24
    Total Tuition: $90,707
    Enrollment: 728
    Top Teaching Method: Case studies, lectures (35 percent each)
    Avg. Class Size (core): 75
    Avg. Class Size (elective): 60

    Teaching Quality Grades
    • Entrepreneurship: A
    • Finance: A
    • Int'l Business: B
    • Marketing: A
    • Strategy: B
    • Sustainability: B

  27. 26. University of Oxford (Saïd)
    27

    26. University of Oxford (Saïd)

    Oxford, England

    2009 Rank: 2nd Tier
    Total Tuition: $85,000
    Enrollment: 52
    Top Teaching Method: Lectures (52 percent)
    Avg. Class Size (core): 52
    Avg. Class Size (elective): 38

    Teaching Quality Grades
    • Entrepreneurship: A+
    • Finance: C
    • Int'l Business: A
    • Marketing: C
    • Strategy: C
    • Sustainability: A

  28. 27. University of Notre Dame (Mendoza)
    28

    27. University of Notre Dame (Mendoza)

    Notre Dame, Ind.

    2009 Rank: 20
    Total Tuition: $88,500
    Enrollment: 179
    Top Teaching Method: Case studies (33 percent)
    Avg. Class Size (core): 51
    Avg. Class Size (elective): 51

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: A+
    • Int'l Business: C
    • Marketing: B
    • Strategy: C
    • Sustainability: A+

  29. 28. IMD
    29

    28. IMD

    Lausanne, Switzerland

    2009 Rank: 16
    Total Tuition: $117,000
    Enrollment: 50
    Top Teaching Method: Case studies, distance learning, experiential learning (20 percent each)
    Avg. Class Size (core): 48
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    • Entrepreneurship: A
    • Finance: C
    • Int'l Business: A
    • Marketing: C
    • Strategy: B
    • Sustainability: C

  30. 29. Queen's University
    30

    29. Queen's University

    Kingston, Ont.

    2009 Rank: 25
    Total Tuition: $87,439
    Enrollment: 498
    Top Teaching Method: NA
    Avg. Class Size (core): NA
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: B
    • Int'l Business: B
    • Marketing: B
    • Strategy: C
    • Sustainability: C

  31. 30. University of Minnesota (Carlson)
    31

    30. University of Minnesota (Carlson)

    Minneapolis

    2009 Rank: 2nd Tier
    Total Tuition: $95,000
    Enrollment: 90
    Top Teaching Method: Case studies (35 percent)
    Avg. Class Size (core): 55
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    • Entrepreneurship: C
    • Finance: B
    • Int'l Business: A
    • Marketing: B
    • Strategy: A+
    • Sustainability: A

  32. 31. Pepperdine University (Graziadio)
    32

    31. Pepperdine University (Graziadio)

    Los Angeles

    2009 Rank: 2nd Tier
    Total Tuition: $108,040
    Enrollment: 220
    Top Teaching Method: Case studies, team projects (25 percent each)
    Avg. Class Size (core): 20
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    ï Entrepreneurship: C
    ï Finance: C
    ï Intíl Business: B
    ï Marketing: B
    ï Strategy: B
    ï Sustainability: C

  33. 32. Vanderbilt University (Owen)
    33

    32. Vanderbilt University (Owen)

    Nashville

    2009 Rank: NR
    Total Tuition: $98,602
    Enrollment: 103
    Top Teaching Method: Team projects (35 percent)
    Avg. Class Size (core): 55
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    • Entrepreneurship: A
    • Finance: B
    • Int'l Business: C
    • Marketing: A+
    • Strategy: A+
    • Sustainability: B

  34. 33. University of Utah (Eccles)
    34

    33. University of Utah (Eccles)

    Salt Lake City

    2009 Rank: NR
    Total Tuition: $67,000
    Enrollment: 138
    Top Teaching Method: Lectures (40 percent)
    Avg. Class Size (core): 68
    Avg. Class Size (elective): 68

    Teaching Quality Grades
    • Entrepreneurship: C
    • Finance: A
    • Int'l Business: C
    • Marketing: C
    • Strategy: A
    • Sustainability: B

  35. 34. University of Western Ontario (Ivey)
    35

    34. University of Western Ontario (Ivey)

    London, Ont.

    2009 Rank: 2nd Tier
    Total Tuition: $87,396
    Enrollment: 135
    Top Teaching Method: Case studies (65 percent)
    Avg. Class Size (core): 55
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    • Entrepreneurship: C
    • Finance: B
    • Int'l Business: A+
    • Marketing: B
    • Strategy: B
    • Sustainability: B

  36. 35. Michigan State University (Broad)
    36

    35. Michigan State University (Broad)

    East Lansing, Mich.

    2009 Rank: NR
    Total Tuition: $58,675
    Enrollment: 322
    Top Teaching Method: Lectures, team projects (25 percent each)
    Avg. Class Size (core): 51
    Avg. Class Size (elective): 51

    Teaching Quality Grades
    • Entrepreneurship: A
    • Finance: B
    • Int'l Business: C
    • Marketing: C
    • Strategy: A
    • Sustainability: B

  37. 36. College of William & Mary (Mason)
    37

    36. College of William & Mary (Mason)

    Williamsburg, Va.

    2009 Rank: NR
    Total Tuition: $79,500
    Enrollment: 33
    Top Teaching Method: Case studies (40 percent)
    Avg. Class Size (core): 28
    Avg. Class Size (elective): 25

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: A+
    • Int'l Business: A+
    • Marketing: A+
    • Strategy: C
    • Sustainability: C

  38. 37. Baylor University (Hankamer)
    38

    37. Baylor University (Hankamer)

    Dallas

    2009 Rank: NR
    Total Tuition: $86,500
    Enrollment: 109
    Top Teaching Method: Team projects (30 percent)
    Avg. Class Size (core): 32
    Avg. Class Size (elective): NA

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: C
    • Int'l Business: B
    • Marketing: C
    • Strategy: B
    • Sustainability: B

  39. 38. University of Texas (Jindal)
    39

    38. University of Texas (Jindal)

    Dallas

    2009 Rank: 22
    Total Tuition: $82,000
    Enrollment: 85
    Top Teaching Method: Case studies (40 percent)
    Avg. Class Size (core): 40
    Avg. Class Size (elective): 40

    Teaching Quality Grades
    • Entrepreneurship: B
    • Finance: C
    • Int'l Business: C
    • Marketing: C
    • Strategy: C
    • Sustainability: C

  40. 39. Fordham University
    40

    39. Fordham University

    New York

    2009 Rank: 2nd Tier
    Total Tuition: $87,550
    Enrollment: 90
    Top Teaching Method: Lectures (30 percent)
    Avg. Class Size (core): 35
    Avg. Class Size (elective): 18

    Teaching Quality Grades
    • Entrepreneurship: C
    • Finance: C
    • Int'l Business: B
    • Marketing: B
    • Strategy: C
    • Sustainability: B

  41. 40. University of California (Merage)
    41

    40. University of California (Merage)

    Irvine, Calif.

    2009 Rank: 2nd Tier
    Total Tuition: $99,624
    Enrollment: 138
    Top Teaching Method: Case studies (33 percent)
    Avg. Class Size (core): 38
    Avg. Class Size (elective): 34

    Teaching Quality Grades
    • Entrepreneurship: C
    • Finance: C
    • Int'l Business: C
    • Marketing: B
    • Strategy: B
    • Sustainability: C