| Rank | Name | Location | Expenses (%) |
| 1 | Stanford | Stanford, CA | 38 |
| 2 | Dartmouth (Tuck) | Hanover, NH | 39 |
| 3 | Harvard | Boston, MA | 34 |
| 4 | Chicago (Booth) | Chicago, IL | 30 |
| 5 | Pennsylvania (Wharton) | Philadelphia, PA | 27 |
| 6 | Columbia | New York, NY | 28 |
| 7 | Cornell (Johnson) | Ithaca, NY | 32 |
| 8 | Northwestern (Kellogg) | Evanston, IL | 27 |
| 9 | Virginia (Darden) | Charlottesville, VA | 28 |
| 10 | Yale | New Haven, CT | 26 |
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