Stanford tops list of best business schools

PALO ALTO, Calif.

The Forbes list looks at how well an MBA degree pays off. On average, Stanford grads entered the school making $80,000, but made an average $221,000 five years after graduating -- the biggest salaries of any school on the list.

Stanford was also the most selective school in the country, accepting only 7 percent of applicants for the class of 2014.

The University of Chicago's Booth School of Business came in second place followed by Harvard.

No other California school made the top ten.

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