Which MBA Programs Produce the Most IPOs?

In an effort to determine which of America’s top business schools produced the most “corporate executives” associated with IPOs, a research firm conducted a study. In 2011, Equilar, conducted a survey of the companies going public that year. They also researched IPOs from 2008, 2009 and 2010. In the first six months of each year, the numbers of IPOs scheduled were noted for followup. There were 46 in 2008’s first six months. There were 16 in the first ½ of 2009. There were 132 in the first ½ of 2010 and 122 in the first ½ of 2011.

From these scheduled IPOs, Equilar contacted and studied 122 companies. Their findings are helpful to those wanting to join the ranks of IPO-bound entrepreneurial endeavour. Stories of the unlettered, self made man who takes a company public are great in movies, but rare in real life. Executives in Equilar’s study had a tendency to hold a college degree. Among the 804 executives studied, 70 per cent had some type of college degree. Among the remaining 30 per cent, their schooling was simply not disclosed. Graduate degrees appeared to give executives a slight advantage as well. 50-eight per cent of those studies revealed that they had graduate degrees (either masters or doctorates). Some additional interesting bits of information that surfaced from the study. The average age of the executives studied was 49. The youngest person on the list was 29 and the oldest was 81.

Equilar studied the schools that these executives attended to see if there was any patterns.

There were 379 different schools represented. The largest number of IPO filing executives came from Stanford University with 32. Among these, there were individuals with undergraduate, masters, and/or doctorates. This next most represented institution was Harvard University with 24 followed by the University of California, Berkeley with 23. Clearly, Silicon Valley is a hotbed for the cultivation of executives for IPO companies.

Next on the list was Northwestern University in Illinois with 19. Northwestern was followed by UCLA with 18. UCLA is followed by the University of Pennsylvania with 16. U of Penn is followed by University of Texas with 13. There was a tie for eighth place on the list between Indiana University and the University of Chicago both schools had 12 IPO executives. There was a number of other ties. In tenth place, Duke University and the University of Illinois both had 11 executives. California dominated the rankings with 7 of the schools in the top 10. Illinois and New York had 3 schools each in the top 10. Texas had 2.

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