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Source: MiM Essay

Top MBA colleges in the world

In business, there is no space for second place. This is truer today than ever before. And what better way to go to the top than by earning an MBA from one of the top colleges in the world? MBA programs are offered by business schools all around the globe to equip ethical business executives for the global economy. Individuals also get the option to study from lecturers who are specialists in the field of business.

Let’s have a look at some of the best MBA schools in the world:

  • Stanford Graduate School of Business 
  • University of Pennsylvania 
  • MIT Sloan School of Management
  • Harvard Business School 
  • HEC Paris 
  • INSEAD 
  • London Business School 
  • Columbia Business School
  • IE Business School
  • Haas School of Business

Stanford Graduate School of Business

The Stanford Graduate School of Business is one of four graduate schools affiliated with Stanford University. The institution is one of the most prestigious names in MBA programs in the United States, having been recognized by the Association to Advance Collegiate Schools of Business. Stanford GSB is one of the best business schools in the United States, offering MBA, Stanford MSX, and PhD programs.

Stanford Graduate School of Business

Applicants for acceptance to the Stanford Mba course have a GPA of 3.8 (80%-89%) , an average GMAT score of 733 , and 4 to 5 years of work experience . International applicants must additionally have a TOEFL score of 101 to 118.

In order to apply to Stanford Graduate School of Business, international applicants must spend around $74,000 USD . The institution, on the other hand, offers need-based fellowships of up to 40,000 USD each year. Aside from that, international students may apply for external grants like the Hubert H. Humphrey Fellowship

University of Pennsylvania

Penn University, usually known as the University of Pennsylvania, is a private Ivy League research university that was established in 1740. It is among the oldest institutions of higher education in the United States, and it is located in the University City neighborhood of Philadelphia. It is one of the nine colonial institutions founded before the declaration of independence, and it was founded by Benjamin Franklin.

The university offers 99 undergraduate programs in sciences, business, humanities, and biological engineering via its four undergraduate schools. It has a six-year combined undergraduate graduation rate of 96 percent, as well as 12 graduate and professional schools. It allows students to pursue specialized dual degree programs.

Three rounds of applications are accepted for the MBA program. If you submit your application after the cut-off for Round 1 or 2, it will be rolled over to the following round. The petition is not approved after the third round. There are two rounds in the Lauder MBA/MA and Carey JD/MBA programs.

A full application must be filed by 5 p.m. on the day of the deadline. Selected students are invited to an interview, and the university will contact them to set up the meeting. It’s a requirement of the application.

MIT Sloan 

The Massachusetts Institute of Technology (MIT) business school, the Sloan School of Management, was established in 1914. The university’s fast-growing entrepreneurial environment is highly regarded, with 30,200 active alumni-funded enterprises.

MIT Sloan

The MIT Sloan School of Management in Cambridge, Massachusetts, is one of the most prestigious business schools in the United States. The school is dedicated to its aim of developing ethical and inventive leaders who can produce cutting-edge management concepts. Master’s degrees in management studies and worldwide operations, as well as the MBA, are the most sought-after programs among foreign students.

Furthermore, the business school offers nine executive education programs that involve substantial work experience for both degree and non-degree-seeking students who are primarily looking to further their careers.

MIT Sloan has one of the biggest entering classes of US MBA programs with 406 understudies as of late selected and is getting less male-overwhelmed with a solid 40% female understudy body, and 47% global understudies. Nonetheless, it has a low rate (10%) of minority understudies . It is difficult to get into, with a 13.8% acknowledgment rate. Post-graduation, 92% of understudies are utilized within a quarter of a year, with a middle compensation of US$125,000, speaking to an expansion of 88%.


Check out : MBA Germany without gmat


Harvard Business School

Harvard Business School is a single-campus institution that provides postgraduate, doctoral, and online degrees in a variety of areas. Harvard Business School offers a two-year MBA degree, 99 executive programs, and a variety of PhD programs to prospective students.

Harvard Business School admits students in two rounds every year, with an average admission rate of under 10%, making it a highly selective institution. On-campus, the institution has about 12,300 students and has almost 30,000 students enrolled online.

Harvard Business School

According to statistics from the class of 2022, the institute’s overall MBA enrolment is 732, representing 61 nations throughout the globe, with Executive Education enrolment totalling more than 10,800, representing 134 countries.

The institution provides a full-time, two-year MBA program that focuses on real-world experience. HBS Executive Education offers two primary programs: Individual Programs and Organizational Programs.

BS separates its MBA program as indicated by the accompanying fundamentals:

  • Global knowledge, to empower understudies to adapt to the situation of working together in an unpredictable, worldwide world.
  • Learning by and by, with useful occasions to figure out how to settle on choices notwithstanding clashing information, complex legislative issues, and exceptional weights.
  • Entrepreneurship and development, with occasions to investigate a possible new pursuit, associate with business visionaries, and learn popular community-oriented, group-based, enterprising abilities through using the new Harvard I-Lab.
  • Residential learning network – with admittance to a network of help.
  • Alumni connections, which help understudies to reveal and expand on organizations to start new business openings.
  • Publications and assets – including the legitimate Harvard Business Review – with admittance to the elite, spearheading research offices at Harvard University.

HEC Paris

HEC Paris is an international business school in the suburbs of Paris, France, as its name indicates. It has established itself as a premier business school throughout the world since its founding in 1881. It offers a variety of programs for people interested in pursuing a career in management.

The HEC Paris MBA program is one of the best in the world, and it is based in Paris, France.
The program is a 16-month trip with a flexible program that involves seven specialties, exciting electives, and the option to do an internship to boost your resume. Leadership is taught via group projects and a series of engaging and hands-on lectures — the MBA’s tagline is “learning by doing.”

Students’ classes are provided in English, with language programs available for those who prefer to learn another language. They are rated first for return on investment, with a placement rate of 93 percent employed after graduation, and most students quadruple their earnings after graduation.

INSEAD

INSEAD is a private business school that first opened its doors in 1957. INSEAD is an acronym for the European Institute of Business Administration. In 1968, the institution launched its first executive education program. The PhD program started in 1989, and the university’s growth effort began in 1995. In addition, the university began the student exchange partnership program, which is now known as the Student Exchange Program, in 2013. The MBA programs at INSEAD are well-known.

INSEAD

The INSEAD MBA program is routinely regarded as one of the top two international MBA schools globally by the Financial Times and Forbes. INSEAD is also the first business school to have two campuses with permanent faculty personnel, having opened its Singapore campus in 1999.

Top management schools, such as INSEAD, need a GMAT score of 700 or above.
For the INSEAD MBA incoming class of 2022, the average GMNAT score is 710, with a GMAT range of 670-750.

London Business School

The London Business School (LBS) is a well-known business school that was established in 1964. The London Graduate School of Business Studies was its former name. It has been granting Master’s degrees in MBA, PhD, Management, and Finance for over 50 years. In 1965, the Federal University of London acknowledged and registered the institution.

The Financial Times ranked the institution as Europe’s finest business school for three years in a row. In addition, QS Rankings placed it sixth in the field of Business and Management Studies in 2020. For new building businessmen, London Business School offers Masters, Executive, and PhD programs.

London Business School

Students will attend a variety of business foundational courses before being able to adapt their education with our customizable core. MBA students come from a variety of professions, including consulting, media, banking, technology, the military, sports, medicines, aviation, premium and retail, medical, and not-for-profit organizations. Students get practical experience while acquiring skills that will help them compete and thrive in the global job market.

Learning at the School gives admittance to an unequalled variety of thought. With a presence in four worldwide urban areas – London, New York, Hong Kong and Dubai – the School is all around situated to furnish understudies with the capacities expected to work in the present business climate. Understudies further advantage from our 45,000 graduated class from over 130 nations, who give an abundance of information, business experience and overall systems administration openings.


Also read : How to improve your profile for MBA


Columbia Business School

It’s among the oldest business schools in Manhattan, New York City (Established in 1916).
It is also one of the six Ivy League business schools and one of the most prestigious top MBA programs in the country.

CBS offers a comprehensive curriculum that enables students to develop solid foundations in conventional business topics. It also provides a large number of electives enabling students to concentrate in a field of their choice.

With a 13.6 percent acceptance rate for the 2021 incoming class, Columbia’s MBA program is one of the most difficult in the world. The student body is very talented and varied.

Columbia MBAs earned an average starting base salary and a bonus of $171,436 in 2020, which was the 6th highest among business schools. According to Forbes magazine, 90 percent of billionaires with MBAs who made their fortunes in finance attended one of three schools: Harvard Business School, Columbia Business School, or the University of Pennsylvania’s Wharton School.

IE Business School

IE Business School has a metropolitan campus in Madrid and delegates in all five continents, making it one of the best business schools in the world according to international rankings.
The school’s faculty includes more than 500 academics who educate graduate and postgraduate students from 130 countries, as well as offering Masters in Management, MBAs and Executive MBAs, Masters in Finance, and Doctoral and Executive Education programs.

The IMBA program will provide me with a strong foundation in business basics as well as entrepreneurial thinking, which will be invaluable in my future profession. Interpersonal skills and cultural intelligence will be developed so that students may negotiate the increasingly complicated world of international business.

The International MBA at IE is for people who are willing to go outside the box and question conventional wisdom. The curriculum promotes critical thinking, communication, interpersonal skills, and teamwork as crucial universal abilities.

Haas School of Business

The Haas School of Business at the University of California, Berkeley (Berkeley Haas) is a business school. It is one of the world’s best business schools, and it was the first of its kind to be established at a public university in the United States.

Over the past two years, the Haas MBA program has been divided into four semesters, each of which is divided into two portions. Students take an average of eight courses every semester, with four classes in each semester split. During their first year as an MBA students, students must pass the Haas core curriculum, which consists of 12 core courses.

Haas School of Business

Classes are assorted, with 44% global understudies, 43% ladies, and 25% US multi-ethnic minorities. Understudies have a middle normal of five years’ work insight and come from a wide scope of ventures, transcendently in the innovation/telecoms (38.8%) and counseling (19.1%) areas, just as budgetary administrations (12%), CPG/retail (11.5%), wellbeing/biotech/pharma (6.6%), and energy (4.4%).

Post-graduation, of those understudies in the 2016 class who announced money related data, the normal (middle base) pay was US$122,488, with a mean sign-on reward of US$24,777. Top positions by work included business advancement/system, counselling and corporate social obligation. Top businesses included Microsoft, Levi Strauss Company, Facebook and Goldman Sachs. 

Top MBA Colleges in World QS Ranking

The full-time MBA rankings for this year, which cover over 280 business schools, provide a comprehensive list of the best places to get an MBA. In this time of global instability, participating in a full-time MBA program is still a major commitment, but the skills students gain and the potential return on investment make the MBA as relevant

Rank  University Overall Score 
1 Stanford Graduate School of Business 94.2
2 Harvard Business School 92.2
Penn (Wharton) 92.2
4 HEC Paris 91.8
5 MIT (Sloan) 91.4
6 London Business School 90.9
7 IE Business School 90.8
INSEAD 90.8
9 Columbia Business School 90.4
10 IESE Business School 89.5

Top MBA Colleges in World – Forbes List

Forbes evaluates US business schools solely on the basis of their financial worth. As a result, their rating varies from those of other US-focused ranking agencies such as US News and Businessweek. The Forbes rating may be a helpful list for early study, depending on your priorities–but bear in mind that their 5-year financial return timeframe is very arbitrary, and it greatly restricts the breadth of the ranking.

Rank  University
1 Chicago (Booth)
2 Stanford
3 Northwestern (Kellogg)
4 Harvard
5 Pennsylvania (Wharton)
6 Dartmouth (Tuck)
=7 Columbia Business School
=7 MIT (Sloan)
9 Cornell (Johnson)
10 Michigan (Ross)

What is the difference between MBA and PGDM degree?

Ans. A Master of Business Administration (MBA ) degree is a hypothesis put together a program that concerns business and account essentials. It is instructed in colleges and schools that are the University Grants Commission (UGC) associated. Courses are inflexible and have a typical educational plan since colleges are bound together and associated with a typical essential college. The charge structure is more affordable on account of various college awards and grants. Zero is more on specialized and expository information.
A Post Graduate Diploma in Management (PGDM) is recognition or affirmation. It is an application-put together a program that concentrations concerning true handy aptitudes of the board. It is instructed in schools that are perceived by the All India Council for Technical Education (AICTE). The course is adaptable and includes contextual investigations, on-location preparing, and reenactments. The educational program isn’t concentrated and contrasts from singular schools. The charge structure is more costly than an MBA since the monetary guide isn’t given. Zero in is more on delicate aptitudes, useful information, and employability. 

✅ Can an understudy with a science foundation with no introduction to Business and Finance seek after an MBA degree?

Ans. Indeed, MBA programs are appropriate to understudies from any instructive foundation as long as they can secure at least 45 to half total (or CGPA) from their college class. Beginning difficulty is unavoidable, yet after understanding the fundamental ideas of science, accounts, financial aspects, and showcasing, the up-and-comer is set up to confront certifiable circumstances in the business area. Likewise, extra aptitudes can be procured for all intents and purposes at work by gathering experience.

Is earlier work experience obligatory before applying for an MBA course?

Ans. No, earlier work experience isn’t compulsory for applying to an MBA course; be that as it may, some level of presentation to a workplace is gainful. Bits of knowledge from earlier work experience will add pragmatic presentation in certifiable business circumstances. The course will convey greater quality contrasted with the amount. Related knowledge will likewise add to handy utilization of hypothetical information in the study hall course. On the off chance that a competitor doesn’t have a solid scholastic foundation, work experience will demonstrate that the up-and-comer is equipped for dealing with the total course educational plan.

Are MBA courses just for business visionaries and individuals keen on starting a startup?

Ans. No, MBA courses are for anybody keen on learning the center business structure and working of an organization. On the off chance that an individual is energetic about learning new things and discovering answers for business issues, they can seek after an MBA. In the wake of finishing the course, up-and-comers can take up different jobs dependent on specialization to learn and fill in the organization’s progressive system. A few applicants add to the back-end development of the business by seeking a PhD in executives and turning into a topic master or Consultant.

✅ I am a fresher. Can I get admissions in the top B-schools around the world?

Ans. While getting work experience is always desirable, there are a number of B-Schools which provides a level playing field while considering admission criteria and give weight to other aspects rather than only focussing on work experience.

✅ Are there B-Schools which don’t consider GMAT scores?

Ans. There are a number of B-Schools which don’t consider GMAT as criteria for intaking students in an MBA Program. For more details, visit – https://www.admitkard.com/blog/2017/12/14/best-b-schools-in-the-usa-for-mba-without-gmat/

✅ What are the types of degrees offered by a reputed B-School?

Ans. There are a plethora of courses in a B-school, some of which include accounting, marketing, business management, finance, etc.

✅ Our undergraduate programs offered by B-Schools?

Ans. While most B-Schools don’t take up undergraduate learning into consideration, like any other rule, there are various exceptions to this one too. Contacting the admission office of the university would provide better insight into this.

✅ What is the eligibility criteria to get admission into a top B-School?

Ans. Most top B-schools have a set of requirements, which includes a good GRE score above 680, Senior Secondary transcripts, work experience, and a statement of purpose.

✅ What should I include in my application form?

Ans. This includes Statement of Purpose, CV, Academic References, Copy of Passport and Visa, Admission tests scorecards, etc.

✅ Can I apply for an MBA before completing my undergraduate degree?

Ans. While this isn’t the case often, there might be chances with some schools who will offer you admissions, provided that you explain in your statement of purpose about getting a degree at a later date.

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About the Author

Piyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world’s # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing verticals for top MNCs and Indian business houses.

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Comments (10)

  1. megha :

    Which MBA has highest value?

    • shourya dayal :

      The INSEAD MBA is ranked the number one program in the world in the 2021 rankings, up three places from last year after the three highest rated schools—Stanford, Harvard and Wharton—pulled out of the FT rankings.

  2. nishu :

    Is Stanford better than Harvard?

    • shourya dayal :

      Harvard ranks #2, whereas Stanford is in 8th position. It’s interesting to see that both schools have maintained their ranks and have always made it to the top 10 business schools ranking list.

  3. kiran :

    Is MBA in Dubai worth it?

    • shourya dayal :

      Doing an MBA in Dubai can be an extremely rewarding experience. Many people from all over the world relocate to Dubai to work and build a life for themselves. However, now, there are a number of internationally-accredited business schools in Dubai that are offering MBA degrees.

  4. sandhu :

    Is Indian MBA valid in USA?

    • shourya dayal :

      Is Indian MBA valid in the USA? Of course, they are! The MBAs of the best institutes in India are very much valid abroad. In fact, few institutes like IIM Ahmedabad, IIM Bangalore, ISB Hyderabad, and more are internationally recognized as being among the top 100 institutes in the world to do an MBA.

  5. kajal :

    Which MBA gets more salary?

    • shourya dayal :

      Investment banking is the one of the highest MBA salary in India you can get. MBA graduates who wish to pursue this career path would have to choose their subjects with a focus on finance.

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