<p>Tier 1:
Harvard
MIT
Princeton
Stanford
Chicago</p>
<p>Tier 2:
Northwestern
Berkeley
Penn
Yale</p>
<p>Tier 3:
Columbia
UCLA
Michigan</p>
<p>Tier 4:
Brown
CM
Cornell
Duke
Johns Hopkins
NYU
Rochester
Wisconsin</p>
<p>Tier 5:
Boston
UCSD
Maryland
Minnesota
Texas</p>
<p>Keep in mind that among top schools there are more economics programs than finance programs. Also, all of the programs in this post are very, very good. Even tier 5 programs are amazing and far above average.</p>
<p>Where would university of Illinois fall in these tiers? Also, I dont think Texas should be that high certainly not better than Carnegie or Virginia.</p>
<p>Illinois has a very solid accounting program, second only to Texas for a while now, but it doesn’t come to mind for finance.</p>
<p>Also, Texas has surprisingly good opportunities for finance majors and a lot of really big names recruit them including investment banks, big 4 accounting and big 3 consulting firms. It was ranked 4th for finance last year.</p>