What makes a business program 'the best'?

I've been thinking a lot about my future lately, and I'm heavily leaning towards majoring in business, but I'm not sure which colleges have the best undergraduate business programs. How do I figure that out? How do I determine what 'the best' even means in this context? Is it about the reputation, the professors, the internships available, or something else entirely?

In the context of selecting a 'best' undergraduate business program, it is about considering a mix of several factors tailored to your individual academic and career goals. Here are some key aspects to consider:

1. Academic Rigor and Curriculum: You would want a program that provides a well-rounded foundation of essential business principles, while also allowing for specialization in areas of interest.

2. Faculty: Awards won by faculty, their qualifications, publications, and their experience in the business world all add value to the learning experience.

3. Reputation and Rankings: These can give you an idea of the school's standing within the academic and business community. However, don't base your decision solely on this. What might be the right fit for others might not be the same for you.

4. Internships and Job Placement: A school's connection to the business world can provide opportunities for internships, which are vital for practical experience and networking. Job placement rates post-graduation can also give you a sense of the program's effectiveness.

5. Alumni Network: A robust alumni network can offer mentorship opportunities and potential connections in the business world.

6. Class Size: Smaller class sizes often lead to more personalized attention from professors, which can enhance your learning experience.

7. Extracurricular Opportunities: Look for initiatives like case study competitions, clubs, and other events to develop your skills and network outside the classroom.

8. Cost and Financial Aid: Consider the return on investment, understanding the cost of the program and the average salary of the school's graduates. Applying to schools that offer generous financial aid can also be a deciding factor.

For example (and this isn't an endorsement), the Wharton School of Business at UPenn is often regarded as one of the 'best' for its rigorous curriculum, renowned faculty, extensive alumni network, and high job placement rate post-graduation. But it's crucial that you research and visit (in-person or virtually) the schools you're considering to gauge if they would be a good 'fit' for you.