Rankings vary on their methodologies, for instance, there is considerable variance between the Forbes list and US News and World Report rankings. Here is some data I compiled last year which ranked schools with MT programs purely by SAT scores greater than 1100 (in ascending order. Some schools that don’t get mentioned much here on CC that are academically excellent and have MT programs include: Tulsa, Drake, Baylor, and Tulane.
1100-1199
Nebraska Wesleyan University - 1100
University of Arizona - 1107
Oklahoma City University - 1110
University of South Dakota - 1110
Webster University - 1120
Catholic University - 1125 (BA)
The University of Alabama - 1125 (BA)
University of Utah - 1126
University of Cincinnati-Main Campus - 1130
Ohio Northern University - 1145
James Madison University - 1150 (BA)
Syracuse University - 1155
University at Buffalo - 1155
Christopher Newport University - 1160 (BA)
Wagner College - 1160 (BA)
University of Alabama at Birmingham - 1165
Belmont University - 1170
University of Colorado Boulder - 1170
Indiana University-Bloomington - 1175
Texas Christian University - 1180
University of Central Florida - 1180
Pennsylvania State University-Main Campus - 1195
Florida State University - 1195
Drake University - 1195
1200-1299
Elon University - 1220
Illinois Wesleyan University - 1220
Baylor University - 1225
Emerson College - 1230
Pepperdine University - 1235 (BA)
Muhlenberg College - 1240 (BA)
American University - 1244 (BA)
Brigham Young University-Provo - 1255
University of Florida - 1265
University of Tulsa - 1265 (BA)
Boston University - 1285
1300+
University of California-Los Angeles - 1300 (BA)
Southern Methodist University - 1305
Tulane University of Louisiana - 1320
University of Miami - 1325
New York University - 1355
University of Southern California - 1380 (BA w/MT minor)
University of Michigan-Ann Arbor - 1380
Carnegie Mellon University - 1435
Northwestern University - 1470 (BA w/MT certificate)
This thread from last year may be of interest:
http://talk.collegeconfidential.com/musical-theater-major/1865863-school-selection-for-high-academic-achiever-advice-please.html