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The Forbes 2024-2025 Top Colleges in America

Princeton University was ranked the No. 1 university in the U.S. by Forbes 2024-2025 ranking.

For the second straight year, Princeton University tops the list in Forbes’ “America’s Top Colleges” ranking.

In fact, Forbes’ annual ranking of 500 colleges across the U.S. has all the schools you’d expect at the very top: Stanford University comes it at No. 2, followed by Massachusetts Institute of Technology, Yale University, and University of California-Berkeley to round out the top five.

Forbes’ 2024-2025 list is the first of several major undergraduate college rankings we expect in the next couple of weeks.

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also ranked Princeton first in its 2024 ranking released last September with its 2025 list likely coming in the next week. While neither of these rankings focus on undergraduate business schools, many of the top-ranked undergrad business programs are housed in high-ranking universities from both lists. (More on that later).

U.S. News & World Report does put out ranking specific to undergraduate business schools part of its annual best colleges ranking, but that isn’t expected for a couple more weeks.

FORBES’ TOP 15 COLLEGES

Forbes’ annual list is based on metrics such as student success, return on investment, and alumni influence.

The 15 most highly-ranked schools are almost all private and many are among the prestigious Ivy League. Two, however, are public colleges: University of California-Berkeley (No. 5) and University of California-Los Angeles (No. 13).

1

Princeton University

NJ

Private not-for-profit

$59,792

$7,559

$189,400

2

Stanford University

CA

Private not-for-profit

$60,619

$12,999

$177,500

3

Massachusetts Institute of Technology

MA

Private not-for-profit

$45,591

$13,792

$189,400

4

Yale University

CT

Private not-for-profit

$63,523

$4,926

$168,300

5

University of California, Berkeley

CA

Public

$21,669

$7,238

$167,000

6

Columbia University

NY

Private not-for-profit

$61,061

$16,849

$156,000

7

University of Pennsylvania

PA

Private not-for-profit

$57,175

$12,499

$171,800

8

Harvard University

MA

Private not-for-profit

$61,801

$9,004

$171,400

9

Rice University

TX

Private not-for-profit

$51,955

$10,818

$152,100

10

Cornell University

NY

Private not-for-profit

$54,219

$8,309

$155,400

11

Northwestern University

IL

Private not-for-profit

$61,716

$6,973

$141,300

12

Johns Hopkins University

MD

Private not-for-profit

$54,405

$9,843

$142,300

13

University of California, Los Angeles

CA

Public

$21,766

$6,418

$144,400

14

University of Chicago

IL

Private not-for-profit

$48,422

$12,150

$150,600

15

Vanderbilt University

TN

Private not-for-profit

$53,932

$8,872

$148,000

TOP UNDERGRAD B-SCHOOLS FROM THE LIST

Of course, Poets&Quants For Undergrads primarily serves students and parents looking for top-notch business programs. The Forbes’ list, like many rankings of undergraduate schools, is a university-wide ranking. It doesn’t differentiate between majors or areas of specialization.

Therefore, several of the top universities and colleges from the Forbes’ list don’t have dedicated business majors to speak of, including Princeton or Stanford. Or, they may have business programs only for graduate students – like Stanford’s world leading Graduate School of Business or Harvard Business School.

Still, the list can tell prospective business majors important information about the resources, cost, earning potential, and rigor of the home schools of the business programs they are most interested in. Several of the top undergrad business programs

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are housed in schools ranked in top 50 on the Forbes’ list.

The No. 1 business program for undergraduates in our

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, for example, is The Wharton School. Its host school, University of Pennsylvania, is the No. 7 university in the country according to Forbes. Cornell University, meanwhile, was ranked No. 10 as a whole by Forbes while its business school, SC Johnson College of Business, finished No. 6 in the P&Q ranking for its business major.

Below, you can see how the home universities of each of the top 10 undergraduate business schools for our 2024 ranking fared in Forbes’ latest list. (P&Q’s 2025 undergraduate business school ranking will come out in March.)

BIGGEST RISES AND FALLS

Just as it did last year, Princeton landed the No. 1 spot in both the

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and
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rankings. It had an undergraduate population of 5,444 with an average grant aid package of $59,792 and an average annual cost of $80,415, according to Forbes. It also tied for the largest median 10-year alumni salary at $189,400. It offers 37 degree concentrations and over 50 interdepartmental certificate programs. Princeton also provides generous financial aid, covering 100% of tuition and housing for families earning up to $65,000.

Yale University came in second this year, jumping up from number eight last year. The school scored highly for its impressive $58,715 average grant aid and low average debt of $4,968. Yale grads also cash in comfortable salaries with a median 10-year salary of $163,900. Stanford University ranked third this year, dropping one spot from last year. The California institution had an average grant aid of $56,211 and average debt of $8,868. Median 10-year salary for Stanford grads was $173,800.

Stanford University (No. 2) and MIT (No. 3) both rose one spot compared to last year’s

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while Yale University (No. 4) fell two spots.Of the top 50, the biggest risers were California Institute of Technology which rose 25 spots to No. 22 and Claremont McKenna College which rose 22 spots to No. 19.

University of Washington-Seattle, meanwhile, fell the farthest, slipping 18 spots to No. 44 overall. University of Texas-Austin fell 15 spots to No. 46.

2024 Rank

Name

State

Type

2023 Rank

YOY change

22

California Institute of Technology

CA

Private not-for-profit

47

25

19

Claremont McKenna College

CA

Private not-for-profit

41

22

25

Bowdoin College

ME

Private not-for-profit

44

19

14

University of Chicago

IL

Private not-for-profit

28

14

9

Rice University

TX

Private not-for-profit

22

13

30

Washington University in St. Louis

MO

Private not-for-profit

40

10

11

Northwestern University

IL

Private not-for-profit

18

7

15

Vanderbilt University

TN

Private not-for-profit

19

4

2024 Rank

Name

State

Type

2023 Rank

YOY change

44

University of Washington, Seattle

WA

Public

26

-18

46

University of Texas, Austin

TX

Public

31

-15

28

University of Southern California

CA

Private not-for-profit

14

-14

24

Amherst College

MA

Private not-for-profit

11

-13

32

Georgetown University

DC

Private not-for-profit

20

-12

35

University of California, Santa Barbara

CA

Public

24

-11

50

University of Wisconsin, Madison

WI

Public

39

-11

40

University of Illinois, Urbana-Champaign

IL

Public

30

-10

17

Williams College

MA

Private not-for-profit

10

-7

41

University of Maryland, College Park

MD

Public

34

-7

MIT & PRINCETON GRADS EARN TOP PAY

For those looking for a long term return on their education investment, Princeton and Massachusetts Institute of Technology graduates have the highest median salaries ($189,400) 10-years after earning their degrees. Harvey Mudd College (No. 184 overall) ranks second in pay at $179,600 – beating Stanford University alumni by $2,100.

Babson College (No. 96 overall) ranks fifth in terms of pay with grads earning an average 10-year salary of $175,200.

If you’re looking to get out of college relatively debt free, Hanover College (No. 492) in Indiana, has the lowest student debt at just $2,452. Other private colleges with low debt include Berea College (#456) at $2,559 and Boston College (#59) at $3,5888.

METHODOLOGY

To compile its ranking, Forbes starts with a list of U.S. colleges based on the Carnegie Classification which categorizes institutions by degree offerings, research output, and specialty focus. This list included doctoral research universities, master’s universities and colleges, baccalaureate colleges, and colleges with specialized programs in engineering, business, and art.

Schools were evaluated using data from several sources, including federal education databases, such as the Integrated Postsecondary Education Data System and College Scorecard. Additional data came from PayScale, a Seattle-based software and data company, Third Way, a Washington, D.C.-based public policy think tank, the National Center for Science and Engineering Statistics, and Forbes’ own lists.

It calculated its list based on the following metrics:

Alumni Salary (20%): Forbes assessed alumni earnings by considering median income data from two sources: PayScale’s 6-year and 10-year post-graduation earnings and College Scorecard’s median earnings data for graduates 6 years and 10 years after enrollment. Each of the four income segments was weighted at 5%.

Debt (15%): Forbes measured typical student debt by multiplying the median federal loan debt per borrower by the percentage of students with federal student loans. Additionally, Forbes examined each college’s five-year loan repayment rate.

Graduation Rate (15%): Forbes evaluated colleges using their six-year graduation rate, accounting for transfer students and other factors. 10% of Forbes’ model considered the overall six-year graduation rate, while an additional 5% looked at graduation rates for Pell Grant recipients.

Forbes ********* Leaders List (15%): Forbes assessed the leadership and entrepreneurial success of college graduates by comparing mentions across various Forbes lists, including the Forbes 30 Under 30, Forbes 400, Richest Self-Made Women, Most Powerful Women, and others.

Return On Investment (15%): To determine return on investment, Forbes looked at price-to-earnings for each college. This was calculated by comparing the total net cost of a degree to post-enrollment earnings compared to high school graduate salaries in the state (weighted at 10%). Additionally, Forbes also considered a price to earnings for low-income students (weighted at 5%).

Retention Rate (10%): Forbes measured student satisfaction by calculating a three-year average retention rate using IPEDS data, excluding the year 2020 due to COVID-19 disruptions.

Academic Success (10%): Forbes assessed academic performance by looking at the number of recent graduates who received prestigious scholarships, such as the Fulbright, Truman, Goldwater, and Rhodes. It also considered the average number of alumni who earned PhDs over the past three years. Each measure was weighted at 5%.

Go to next page to see how where top 100 colleges and universities finished, along with school data on average grant aid and post-graduate pay and debt.

The top 100 colleges and universities in Forbes’ 2024-2025 ranking of the 500 best universities and colleges in America are list below.

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1

Princeton University

NJ

Private not-for-profit

$59,792

$7,559

$189,400

2

Stanford University

CA

Private not-for-profit

$60,619

$12,999

$177,500

3

Massachusetts Institute of Technology

MA

Private not-for-profit

$45,591

$13,792

$189,400

4

Yale University

CT

Private not-for-profit

$63,523

$4,926

$168,300

5

University of California, Berkeley

CA

Public

$21,669

$7,238

$167,000

6

Columbia University

NY

Private not-for-profit

$61,061

$16,849

$156,000

7

University of Pennsylvania

PA

Private not-for-profit

$57,175

$12,499

$171,800

8

Harvard University

MA

Private not-for-profit

$61,801

$9,004

$171,400

9

Rice University

TX

Private not-for-profit

$51,955

$10,818

$152,100

10

Cornell University

NY

Private not-for-profit

$54,219

$8,309

$155,400

11

Northwestern University

IL

Private not-for-profit

$61,716

$6,973

$141,300

12

Johns Hopkins University

MD

Private not-for-profit

$54,405

$9,843

$142,300

13

University of California, Los Angeles

CA

Public

$21,766

$6,418

$144,400

14

University of Chicago

IL

Private not-for-profit

$48,422

$12,150

$150,600

15

Vanderbilt University

TN

Private not-for-profit

$53,932

$8,872

$148,000

16

Dartmouth College

NH

Private not-for-profit

$62,293

$6,404

$173,300

17

Williams College

MA

Private not-for-profit

$57,121

$4,143

$169,200

18

Brown University

RI

Private not-for-profit

$55,847

$10,059

$155,000

19

Claremont McKenna College

CA

Private not-for-profit

$50,020

$7,631

$167,000

20

Duke University

NC

Private not-for-profit

$57,444

$6,351

$158,700

21

University of California, San Diego

CA

Public

$20,782

$6,437

$151,500

22

California Institute of Technology

CA

Private not-for-profit

$59,192

$12,553

$168,600

23

Wellesley College

MA

Private not-for-profit

$61,328

$5,608

$134,100

24

Amherst College

MA

Private not-for-profit

$58,693

$9,293

$139,700

25

Bowdoin College

ME

Private not-for-profit

$53,534

$10,512

$152,900

26

University of Florida

FL

Public

$10,555

$6,122

$123,700

27

Swarthmore College

PA

Private not-for-profit

$47,703

$7,705

$154,900

28

University of Southern California

CA

Private not-for-profit

$45,262

$7,526

$150,100

29

University of Michigan, Ann Arbor

MI

Public

$15,121

$8,470

$137,500

30

Washington University in St. Louis

MO

Private not-for-profit

$58,188

$9,495

$142,800

31

University of North Carolina, Chapel Hill

NC

Public

$18,066

$7,953

$118,200

32

Georgetown University

DC

Private not-for-profit

$45,949

$8,982

$163,400

33

Emory University

GA

Private not-for-profit

$48,914

$7,280

$138,600

34

University of Virginia

VA

Public

$26,818

$8,639

$149,100

35

University of California, Santa Barbara

CA

Public

$20,389

$7,453

$148,600

36

Brigham Young University

UT

Private not-for-profit

$6,325

$5,457

$133,900

37

Pomona College

CA

Private not-for-profit

$57,848

$9,049

$138,900

38

Georgia Institute of Technology

GA

Public

$13,992

$7,027

$163,500

39

University of California, Irvine

CA

Public

$17,411

$6,561

$148,400

40

University of Illinois, Urbana-Champaign

IL

Public

$16,552

$6,697

$139,900

41

University of Maryland, College Park

MD

Public

$11,232

$10,201

$134,700

42

University of Notre Dame

IN

Private not-for-profit

$49,859

$7,390

$160,200

43

University of California, Davis

CA

Public

$20,548

$5,965

$142,700

44

University of Washington, Seattle

WA

Public

$14,731

$6,169

$136,800

45

Colgate University

NY

Private not-for-profit

$54,647

$9,018

$173,800

46

University of Texas, Austin

TX

Public

$8,321

$5,851

$137,000

47

Washington and Lee University

VA

Private not-for-profit

$55,567

$7,714

$162,500

48

Davidson College

NC

Private not-for-profit

$46,496

$8,422

$140,300

49

New York University

NY

Private not-for-profit

$47,096

$8,550

$147,100

50

University of Wisconsin, Madison

WI

Public

$11,171

$9,299

$125,900

51

Middlebury College

VT

Private not-for-profit

$56,639

$8,541

$139,500

52

Tufts University

MA

Private not-for-profit

$51,613

$7,034

$144,400

53

Boston University

MA

Private not-for-profit

$51,565

$10,425

$144,400

54

Wesleyan University

CT

Private not-for-profit

$59,825

$9,716

$149,200

55

William & Mary

VA

Public

$15,134

$8,882

$134,200

56

Barnard College

NY

Private not-for-profit

$53,817

$7,339

$149,300

57

California Polytechnic State University, San Luis Obispo

CA

Public

$10,065

$6,132

$148,600

58

Carnegie Mellon University

PA

Private not-for-profit

$43,966

$6,525

$162,100

59

Boston College

MA

Private not-for-profit

$49,992

$3,588

$142,200

60

Lafayette College

PA

Private not-for-profit

$24,981

$8,349

$158,700

61

Santa Clara University

CA

Private not-for-profit

$25,295

$7,778

$173,100

62

University of Georgia

GA

Public

$11,559

$6,778

$124,800

63

Purdue University

IN

Public

$8,950

$9,125

$126,300

64

Lehigh University

PA

Private not-for-profit

$44,116

$9,603

$168,200

65

Florida State University

FL

Public

$10,169

$6,953

$111,900

66

Hamilton College

NY

Private not-for-profit

$52,497

$4,749

$125,400

67

George Washington University

DC

Private not-for-profit

$35,257

$10,893

$148,300

68

North Carolina State University, Raleigh

NC

Public

$9,181

$7,194

$128,600

69

Franklin W Olin College of Engineering

MA

Private not-for-profit

$40,522

$9,042

70

Texas A&M University, College Station

TX

Public

$12,278

$8,518

$139,700

71

Trinity College (CT)

CT

Private not-for-profit

$46,929

$7,819

$141,600

72

Haverford College

PA

Private not-for-profit

$57,999

$10,152

$146,900

73

Northeastern University

MA

Private not-for-profit

$42,331

$8,278

$130,300

74

CUNY, Baruch College

NY

Public

$9,423

$5,495

$132,100

75

University of Minnesota, Twin Cities

MN

Public

$11,388

$9,722

$125,700

76

Binghamton University, SUNY

NY

Public

$11,305

$7,783

$136,600

77

San Diego State University

CA

Public

$9,934

$8,240

$124,100

78

Cooper Union

NY

Private not-for-profit

$39,305

$8,310

$156,500

79

Rutgers University

NJ

Public

$12,785

$8,040

$137,000

80

Bates College

ME

Private not-for-profit

$51,414

$8,728

$150,500

81

Grinnell College

IA

Private not-for-profit

$42,231

$7,707

$121,900

82

University of Miami (FL)

FL

Private not-for-profit

$37,322

$8,432

$120,000

83

Virginia Tech

VA

Public

$7,649

$10,100

$136,000

84

Stony Brook University, SUNY

NY

Public

$11,584

$7,068

$129,700

85

University of Connecticut

CT

Public

$14,678

$8,108

$126,000

86

Ohio State University

OH

Public

$10,993

$7,842

$116,900

87

Villanova University

PA

Private not-for-profit

$42,834

$10,781

$140,400

88

Wake Forest University

NC

Private not-for-profit

$54,233

$10,075

$145,200

89

California State University, Long Beach

CA

Public

$9,478

$5,404

$121,700

90

Michigan State University

MI

Public

$8,684

$8,138

$118,800

91

University of Rochester

NY

Private not-for-profit

$39,715

$7,198

$140,900

92

Indiana University, Bloomington

IN

Public

$10,336

$9,757

$117,300

93

Bucknell University

PA

Private not-for-profit

$37,775

$11,397

$155,500

94

University of Utah

UT

Public

$9,696

$8,287

$125,900

95

Trinity University (TX)

TX

Private not-for-profit

$33,614

$9,574

$130,600

96

Babson College

MA

Private not-for-profit

$30,513

$9,137

$175,200

97

University of California, Riverside

CA

Public

$22,042

$5,140

$128,800

98

Clemson University

SC

Public

$10,430

$11,748

$125,200

99

Southern Methodist University

TX

Private not-for-profit

$35,344

$12,369

$139,000

100

California State University, Fullerton

CA

Public

$9,194

$5,834

$118,200

 

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