Chapter 1
What is a Business School?
A business school is a university-level institution that provides business administration and management education. This is also called B school or Biz School. They teach several topics: accounting, public relations, management, real estate, research methods, business analytics, international business, human resource management, entrepreneurship, finance, and more. They focus on developing global managerial talent among the students.
Chapter 2
Types of Business Schools
Usually, business schools have faculties and departments that offer business courses. In North America, these schools offer graduate and undergraduate courses in business. There are public and private business schools. Where private business schools are usually expensive and sometimes not associated with any university. In France most of the business schools are public and it is supported by their chambers of commerce, which is more affordable for international students. Business schools can be classified as whether they teach the European or the US model and others.
Chapter 3
Types of Business Degrees
- Associate degree or undergraduate degree is for two to three years, which is above the diploma level, and is a course that belongs to the post-secondary study. Eg. AA, ABA, AAB
- Bachelor’s degree is offered by universities or colleges. The duration is for three years. There are also honors bachelor’s degrees. Eg. B.com, BBA, BS, BMOS
- A master’s degree is preceded by a bachelor’s degree and it is awarded by the universities upon completion of a specific degree. Usually, a dissertation or a project is required to complete this degree. The duration is two years. Eg. MBA, MSM, MHA, MSF
- A doctoral degree is awarded by the universities upon the completion of the research. Eg. Ph.D. in management, Business doctorate.
Chapter 4
Case study approach and skills-based approach
Business schools use either the case study approach or the skills-based approach. In the case study approach, students research
various businesses and present a case study on them. Problem-solving and strategic planning approaches are the two key skills that can be developed in this type of education. In the skill-based approach, they emphasize operation research, statistics, the behavior of the organization, decision science, and more.
In the US Business schools, every school differs in their teaching methodology and syllabi. Hence you must check the syllabi before pursuing the course. Instance courses such as BBA have a broad overview of all the aspects of a business course.
Chapter 5
Business School's tution fees
Bachelor’s degree programs are free in some countries such as Europe, Poland, Turkey, Denmark, and more. In France, there are tuition fees based on the level of degree you pursue. The United Kingdom and the United States charge tuition fees. In Germany, most public universities do not charge tuition fees.
Chapter 6
Why USA Business School?
The United States of America is home to some of the world’s best Business schools and universities. 43% of international students in the year 2021 pursued a business degree in the USA. The top reason to join a business school in the USA is because of the quality of education and life that you get there. The M7 business schools such as Harvard, Booth, MIT Sloan, Stanford, Wharton, Kellogg, and Columbia Universities are located here. You can get a good return on investment in these degrees. The degrees earned in these institutions are globally recognized and it becomes easier to achieve your dream jobs. One of the advantages of studying for a business degree is that you can avail of jobs in any of the industrial sectors or in any professional role, which is versatile for you. There are also logical pathway jobs Eg. Economics, Finance, and people-oriented pathway jobs Eg. Human Resource Management. The US Bureau of Statistics stated that the average salary for a management analyst is $63,120 and for a management analyst is $83,610.
Chapter 7
Top 10 Business Schools USA
Harvard Business School
Location: Boston, Massachusetts
QS Global Ranking: 2
GMAT: 730
IELTS: 8
The Harvard Business School was established in 1908 and the parent university of this school is Harvard University. They use the case study teaching methodology where they utilize real business case studies to have a more practical way of learning. Many business leaders are alumni of this school. Only in 1962 women were allowed to study in this institution. There are also nine research centers established globally in India, the Middle East, Japan, Latin America, and more. They provide executive education for senior executives for a period of seven weeks to four months.
Courses offered: Full-time MBA program, a management-related doctoral program, and executive education programs.
Fee structure: For the fee structure of the various business degrees offered at Harvard Business School, check their website
Kellogg School of Management
Location: Evanston, Illinois
US News and World Report Ranking: 3
QS World Ranking: 14
GMAT: 630-780
IELTS: 7
This school is one of the most prestigious private business schools in the USA which was established in 1914. This school is very hard to get in and challenging as only the best and most competitive minds are selected. The parent institution of this school is the Massachusetts institute of technology. The faculty of this college include many of the Nobel laureates in economics and winners of the John Bates Clark Medal winners. This institution focuses on research-based, case studies and practical approaches to business education.
Courses offered: Full-time and part-time MBA, executive programs, and more.
Fee structure: For the fee structure of the various business degrees offered at Kellogg School of Management check their website
MIT Sloan School of Management
Location: Cambridge, Massachusetts
QS World Ranking: 1
GMAT: 730
IELTS: 7
This school is one of the most prestigious private business schools in the USA which was established in 1914. This school is very hard to get in and challenging as only the best and most competitive minds are selected. The parent institution of this school is the Massachusetts institute of technology. The faculty of this college include many of the Nobel laureates in economics and winners of the John Bates Clark Medal winners. This institution focuses on research-based, case studies and practical approaches to business education.
Courses offered: Full-time and part-time MBA, executive programs, and more.
Fee structure: For the fee structure of the various business degrees offered at MIT Sloan School of Management
Stanford Graduate School of Business
Location: Stanford, California
QS World Ranking: 1
GMAT: 610-790
IELTS: 7
The Stanford Graduate School of Business is one of the most selective schools in the USA and about only 6% of the applicants are selected. It was established in 1925 and the tuition fee is $55,200. This school is a private institution it is also known as Stanford GSB or The GSB. The MBA program offered here is only full-time. This school also has partnered up with other business schools, hence it offers the executive education program along with the Harvard business school.
Courses offered: MBA general, Ms in management and mid-career executives, Ph.D., LEAD Business program.
Fee structure: For the fee structure of the various business degrees offered at Stanford Graduate School of Business check their website
Yale school of management
Location: New Heaven, Connecticut
QS World Ranking: 18
GMAT: 730
IELTS: 7
The Yale school of management is selective and it has a good reputation and prestige. The acceptance rate here is from 25 to 30 percent. This school is associated with Yale University and it is an independent school. This school is also known as the Yale SOM. They offer research-based education and offer student exchange programs. Some of the notable alumni are Indra Nooyi, Martha N Johnson, Ned Lamont, and more.
Courses offered: MBA, MBA for executives, MAM, Masters degree in Asset Manager, GBS, and Ph.D.
Fee structure: For the fee structure of the various business degrees offered at Yale School of Management check their website
Columbia Business School
Location: New York
QS World Ranking: 22
GMAT: 760
IELTS: 7
This school was established in 1916 and the acceptance rate is 18.2 %. The parent organization of this school is Columbia University and this school is located there. This school is one of the ivy league schools hence it is one of the best institutions.
Courses offered: MBA, EMBA
Fee structure: For the fee structure of the various business degrees offered at Columbia School of Management check their website
Wharton School of the University of Pennsylvania
Location: Philadelphia, Pennsylvania
QS World Ranking: 2
GMAT: 733
IELTS: 7
The Wharton School of Pennsylvania is a private ivy league business school and they are very selective. The acceptance rate here is 9%.
This business school is very famous as it is a prestigious institute and it is the world’s first business school. It is also known as The Wharton School. According to the Financial Times, this school was consistently ranked in the number one position. The alumni here are John Scully, Ellon Musk, Sundae Pichai, and more.
Courses offered: They offer undergraduate and postgraduate programs. MBA for full-time and MBA for executives.
Fee structure: For the fee structure of the various business degrees offered at Wharton School check their website
The University of Chicago Booth School of Business
Location: Chicago, Illinois
QS World Ranking: 7
GMAT: 732
IELTS: 7
The parent university of the Chicago Booth School of Business is the University of Chicago, which offers graduate programs. This is the second oldest business school in the USA. This school has nine noble laureates and many award winners. This school is located at the University of Chicago and the acceptance rate here is 23.5%. The CEOs of many popular companies such as Morgan Stanley, IBM, Morningstar, Goldman Sachs, and more are alumni of this school.
Courses offered: MBA full-time, Executive MBA, Parr time MBA programs
Fee structure: For the fee structure of the various business degrees offered at the University of Chicago, Booth School of Business check their website
Haas School of Business
Location: Berkeley, California
QS World Ranking: 5
GMAT: 730
IELTS: 7
This school is known as the Walter A. School of Business or as Berkeley Haas. This school is associated with the University of California which is a public research university. This school is located at the University of California and was established in 1898. The acceptance rate is 13.25%. Getting admission here is quite competitive. They offer both graduate and undergraduate courses. They have flexible MBA programs that suit many students who are working.
Courses offered: Full-time MBA, Evening and weekend MBA, Executive MBA, Master Of Financial Engineering program, Ph.D. program
Fee structure: For the fee structure of the various business degrees offered at Hass School of Bisiness check their website
Ross School of Business
Location: Ann Arbor, Michigan
QS World Ranking: 8
GMAT: 760
IELTS: 7
This school is known as the Stephen M. Ross School of Business or Michigan Ross or Ross. The parent university of this school is the University of Michigan. Many times this school has been consistently ranked as the best Business school in the world by the Economist, Financial Times, QS World Ranking, and more. This public school is located at the University of Michigan and was established in 1924. They also publish a business journal called the Michigan Journal of Business.
Courses offered: BBA, MBA, Executive Education programs, dual degrees
Fee structure: For the fee structure of the various business degrees offered at Ross School of Business check their website
The Fuqua School of Business
Location: Durham, North Carolina
QS World Ranking: 25
GMAT: 713
IELTS: 7
The parent university of the Fuqua School of Business is Duke University in Durham. The acceptance rate for this school is 24%. This is a private business school but it is not a part of the ivy league. This school was established in 1970. This school has ten disciplines and some of them are Health Sector Management, Accounting, Decision Sciences, Finance, Management, Strategy, Operations Management, and more. Some of the notable alumni are Tim Cook, Grant Deporter, W. Bruce Johnson, and others.
Courses offered: Full-time MBA, Executive MBA
Fee structure: For the fee structure of the various business degrees offered at the Fuqua School of Business check their website
Tepper School of Business
Location: Pittsburgh, Pennsylvania
QS World Ranking: 53
GMAT: 700
IELTS: 7
The Tepper School of Business is associated with Carnegie Mellon University and was established in 1949. This school is located at Carnegie University and offers degrees from undergraduate to the PhDs. They do not disclose their acceptance rates. This school was originally called the Graduate School of Industrial Administration. Many of the Nobel laureates such as Edward Prescott, Finn Kydland, and more are alumni of this school
Courses offered: undergraduate business programs such as accounting, finance, graphic communication, etc, MBA full time, Flex time MBA, Executive programs, and Doctoral programs.
Fee structure: For the fee structure of the various business degrees offered at Tepper School of Management check their website
UCLA Anderson School of Management
Location: Los Angeles, California
QS World Ranking: 2
GMAT: 711
IELTS: 7
The University of California is associated with the UCLA Anderson School of Management. It is a professional school. This school was founded in 1935. They use the case study approach in learning and with projects. They also have research centers globally.
Courses offered: MBA full-time and part-time
PGPX, Financial Engineering, Business Analytics, Ph.D. degrees, Accounting for graduates
Fee structure: For the fee structure of the various business degrees offered at UCLA Anderson School of Management check their website
Chapter 8
Other Top Business Schools in USA
|
Name of the Business School |
Location |
|
Tuck School of Business |
Hanover, New Hampshire |
|
McDonough School of Business |
Washington, DC |
|
USC Marshall School of Business |
Los Angeles, California |
|
Scheller College of Business |
Atlanta, Georgia |
|
UVA Darden School of Business |
Charlottesville, Virginia |
|
Smeal College of Business |
State College, Pennsylvania |
|
Johnson Graduate School of Management |
Ithaca, New York |
|
Babson college |
Wellesley, Massachusetts |
|
Cox School of Business |
Texas |
Chapter 9
Conclusion
- From this article, it’s quite evident that doing a business degree in the USA is extremely valuable for one’s career growth and also provides numerous opportunities to grow! Try to get admitted into these top business schools in the USA to enhance your career and academics! Hope this article helped! If you have any more queries or questions, comment down below.Follow galvanize blogs for more information on admissions content
