Stanford tops list of best business schools

New York Stock Exchange CEO Duncan Niederauer, with hat, and Garth Saloner, Dean of the Stanford Graduate School of Business, to his right, ring the closing NYSE bell, via video teleconference, with hundreds of other Stanford MBA students on the Stanford University campus in Palo Alto, Calif., Thursday, Dec. 2, 2010. (AP Photo/Paul Sakuma)

October 9, 2013 12:13:01 PM PDT
Stanford has topped this year's list of America's best business schools.

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.