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Top MBA Colleges in The World | Best Business Schools

By June 17, 2022No Comments
A Complete Guide To

Top MBA Colleges in The World

Chapter 1

Overview

Are you confused about whether you should pursue an MBA or not? Let us help you out.

MBA is the best degree for individuals who want to develop a managerial career in the public, government, or private sectors. This degree has been constantly evolving to meet the changing business demands. An MBA is a globally recognized degree that provides candidates with many latent skills to tackle both technical and real-life complicated situations.

An MBA is perfect for people who wish to improve their business skills. It is a prominent factor that is swiftly advancing professions. An MBA degree is now the most popular stepping stone for enhancing your CV. To gain a better understanding, read this post till the end.

Why Pursue an MBA?

Here are 10 reasons why you should pursue MBA:

  1. Pays well
  2. You can become an entrepreneur
  3. Good career opportunities
  4. Building solid networks
  5. Flexibility
  6. Credibility
  7. Globally recognized degree
  8. Improves your knowledge
  9. Enhances communication skills
  10. Good for personal development

Top Specialisations in MBA :

Some of the popular specializations in MBA are:

  1. Marketing Management
  2. Financial Management
  3. Human Resource Management 
  4. International Business
  5. Logistics Management
  6. Supply Chain Management
  7. Enterprise Management
  8. Artificial Intelligence
  9. Business Analytics & Big Data
  10. E-Commerce

Eligibility Criteria :

Academic Background: A good academic background is required for admission to a top business school. You must have received outstanding marks in your high school education and bachelor’s degree. If you have a master’s degree, you should have done well in it as well.

Standardised Qualifying Tests: There is no doubt that MBA candidates must give a qualifying exam result to demonstrate their eligibility. Furthermore, the GMAT cutoff for top-ranked MBA degrees is high, often exceeding 600. Some business schools accept GRE scores instead of GMAT scores. It is recommended that you double-check the prerequisites.

Language Proficiency: A strong language test result is required to show English proficiency. It can be well-supported by an IELTS or TOEFL test score, based on the requirements of the institution.

Work Experience: The top business schools sometimes require job experience or a minimum of two to three years in the particular subject of study. This requirement may differ between institutions and specializations.

Chapter 2

Top MBA Colleges in The World :

Now, let’s get down to the top 10 MBA colleges in the world that you can go for:

#1. The Wharton School

The University of Pennsylvania’s Wharton School of Business was founded in 1881 as the first undergraduate business school. This prominent business school in the United States has played a significant part in converting business studies from a craft to a demanding and valued career.

The university has a lovely campus and provides undergraduate, graduate, and doctorate degrees in approximately 20 fields. This prestigious business school boasts roughly 5,000 students from all around the world and has an overseas population of more than 30% in its MBA degree, which is one of the most prestigious degrees for foreign students to study in the United States.

Highlights

Establishment year 1881
Major area of Study MBA
MBA Majors and specialties Business, finance, marketing
Application fee 265 USD
Exams to study ACT, SAT, GMAT, GRE, TOEFL or PTE
Average GMAT score 732
Mean GRE Verbal-162

Quant-162

Writing-4.8

11th hour of the deadline 5:00 p.m. Eastern Time (ET)
Average GPA 3.6
English language proficiency score TOEFL or equivalent
Average Work Experience for MBA 5 years

#2. Stanford Graduate School of Business :

This business school is the world’s leading business and management institute. As per the QS Global MBA Rankings 2022, the business school is ranked first in the world for its MBA degree. In addition to the Stanford MBA degree, the university offers 2 degree courses: Stanford MSX and PhD.

The application evaluation process at Stanford GSB includes a thorough examination of the candidate profile. Every component is considered, from academic performance to student perspective.

Highlights

Type of University Private
Number of Postgraduate Seats 9297
Percentage of International MBA Students +40%
Percentage of International MSx Students +75%
Basic Tuition Fee, Graduate International Students 73,062 USD
Test Scores Accepted GMAT, GRE, TOEFL
English language proficiency score TOEFL or equivalent
Financial Aid Available as awards and scholarships
Website www.gsb.stanford.edu

#3. INSEAD :

QS ranks INSEAD as the second-best business school in the world, with worldwide campuses in Abu Dhabi, Singapore, and San Francisco. More than  1300 students from 90+ different countries attend the prestigious business school. Currently, the institution offers seven master’s, doctoral, and executive degrees in business and management.

Admissions at this university are handled internally, and candidates must apply directly to the institution. The candidates are evaluated by the prestigious university based on their academic quality, worldwide motivation, and leadership abilities.

Highlights

Type of university Private
Establishment year 1957
Faculty members in MBA program 145
Intake season Multiple intakes
English proficiency score IELTS, TOEFL, PTE.
Financial aid scholarships
GRE 80%
GMAT range 70-75 percentile
Nationalities represented 90+
Employment rate 92%
Website https://www.insead.edu/

#4. MIT Sloan School of Management

The Massachusetts Institute of Technology’s Sloan School of Management was established in 1914.  The campus is in Cambridge, Massachusetts, USA, along the Charles River. The institution has around 1,300 students, with 43 percent of them being international students.

It is one of the most prestigious business schools in the United States.  Through its global initiatives, the institution maintains public and private affiliations with 53 locations on six continents.

#5. Harvard Business School :

Harvard Business School has a single location and provides postgraduate, doctoral, and online programs in a variety of fields. At Harvard Business School, prospective students can choose from a two-year MBA degree, 99 executive courses, and numerous doctoral degrees. Harvard Business School offers admission in two rounds every year, with an overall acceptance rate of only 10%, making it a highly selective institution.

It is a graduate business school affiliated with Harvard University. Its MBA and executive education programs are quite popular with overseas students.

Highlights

University Type Graduate Business School
MBA Acceptance Rate 10%
Total Students On Campus: 12,300,

Online: 28,000+

Countries Represented 134
Application Fee 100-250 USD
Tuition Fee 73,440 USD
Financial Aid Available through scholarships, fellowships, and loans
Website https://www.hbs.edu/Pages/default.aspx

#6. London Business School

For overseas students, London Business School has 35 degrees to select from. The institute provides postgraduate management education in the form of an MBA in the United Kingdom, an Executive MBA, a Master’s degree, a PhD, and various short executive courses. In a three-year period, the institution was named among the top two business schools in Europe by the Financial Times. The Executive Master’s degree is now the highest-paying degree, with LBS graduates earning an average annual income of 115,000 GBP.

Highlights

University Type Public University
Percentage of International Students 88%
Establishment Year 1964
Endowment 51 Million Pound
Graduate Job Rate 94%
Acceptance rate 35%
Applications Accepted Online
Work-Study Available
Intake Type Rolling (4 rounds in a year)
GMAT Score 700 and above
Mode of Program Full time, Part-time and online

#7. HEC Paris

HEC Paris is a leading business school in France that educates over 13,000 students. It specializes in management research and is regularly regarded as one of the world’s best business schools. For the tenth time in eleven years, the school will be ranked first in the world in International Finances in 2021.

Admission to HEC Paris is available in January and September. The college has extremely selective admission criteria for studying in the UK, with an overall acceptance rate of 6%. It has a single campus and 9 departments that provide graduate degrees. Annually, the institute spends one million euros on financial aid.

Highlights

Type of University Private
Faculty Members 140
Number of postgraduate Seats 8,000
Percentage of International Students 92%
Annual Acceptance Rate 6%
Basic Tuition Fee for International Postgraduate Students 23,550 Euro
Test Scores Accepted GRE/GMAT
English Language Tests TOEFL/ IELTS
Official Website https://www.hec.edu/en
Graduation Rate 93%
Employment Rate 99%
Application fees 200 Euro

#8. Yale School of Management :

The B-school is in New Haven, which boasts many historical buildings and parks. Yale SOM faculty members come from all around the world, including India. Management, finance, accounting, economics, marketing, organizational behavior, and political science are all taught by all of the faculty.

Highlights

Type of College Private
Campus Setting Urban
Location New Haven, Connecticut
Official Website som.yale.edu
Total No. of Academic Programs 7
Application Portal College Application Portal
Student to Faculty Ratio 6:1
English language proficiency score TOEFL or equivalent
Financial Aid Available as grants, awards, and scholarships
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#9. Imperial College of Business School

Only postgraduate degrees in Finance, Business, Accounting, and Entrepreneurship are available at Imperial College of Business School. Full-time MSc Finance, MBA, and MSc Business Analytics are among the popular degrees.

Students at Imperial College can use the library, gymnasium, pools, and 350+ clubs on campus. Students can also opt to stay in one of 20 residential halls and make use of accommodation services.

Highlights

Ownership Type Public
Campus Setting Urban
Main Campus London
Accreditation AACSB, AMBA, and EQUIS
Campus Housing Facility Shared Houses, Flats, Studio Flats
Admission Helpdesk T: +44 (0)20 7589 5111 F: +44 (0)20 7823 7685
Programs Postgraduate
Endowment 176.0 Million Pounds
Academic Calendar Semester-based
Intake Seasons Fall and Spring
Work Experience Required for MBA
Financial Aid Scholarships, Funds, Grants, Bursaries
Official Website www.imperial.ac.uk/business-school/

#10. Wisconsin School of Business :

The Wisconsin School of Business was founded in 1900. It is situated in Madison, Wisconsin, which was founded in 1848. Undergraduate students are prepared for corporate jobs, Graduate students for targeted career specializations, and Ph.D. students for careers in academics.

Wisconsin School of Business admits students to several outreach degrees for their overall growth. They are available all year. A student can participate in more than 45 clubs. More than 43,000 alumni have graduated from the school. The school has a 35 percent acceptance rate.

Highlights

Type of University Public
Year of Establishment 1900
Campus Setting Urban
Total Enrollment 3,576

List of Affordable Countries for MBA :

Here are the top 10 affordable countries for MBA: 

1. Canada :

Canada is one of the most popular study locations for foreign students, owing to its welcoming community, high standard of life, and low cost of living.

Students pursuing a business degree have an additional reason to visit Canada – it is the most affordable country for MBA degrees.

The cost of an MBA in Canada is INR 14,75,000 to INR 17,51,351 per year 

Some of the top MBA universities in Canada are:

  • University of Toronto
  • University of British Columbia
  • Western University
  • University of Alberta
  • University of Montreal
  • York University
  • Simon Fraser University
  • McGill University
  • University of Calgary
  • University of Waterloo

2. Switzerland :

Aside from its gorgeous settings, additional factors that make Switzerland an ideal study location include the low cost of education and the presence of some of the world’s finest universities. Furthermore, Switzerland is among the affordable countries to pursue an MBA.

The cost of an MBA in  Switzerland is INR 22,69,406 to INR 55,73,98 per year 

Some of the top MBA universities in Switzerland are:

  • Swiss Federal Institute of Technology Zurich
  • University of St.Gallen
  • University of Zurich
  • University of Lausanne
  • EU Business School
  • American University In Switzerland
  • IMD Business School
  • Geneva School of Economics and Management (GSEM)
  • Geneva Business School
  • Rushford Business School

3. China :

Aside from being another cheap place to study MBA, China is popular among foreign students due to its low tuition and highly ranked 40 universities that are worldwide recognized.

The cost of an MBA in China is INR 21,85,229 to INR 50,91,119 per year 

Some of the top MBA universities in China are:

  • Peking University
  • Tsinghua University
  • Shanghai Jiao Tong University
  • Southwestern University of Finance and Economics China
  • Renmin University of China
  • Shanghai University of Finance
  • Zhejiang University
  • Fudan University
  • Xiamen University
  • Sun Yat-sen University

4. Ireland :

Ireland is the best country for foreign students to study MBA at a moderate cost. It is often regarded as among the safest and friendliest countries to study as a foreign student.

The cost of an MBA in Ireland is INR 667880 to INR 2504550 per year 

Some of the top MBA universities in Ireland are:

  • University College Dublin
  • Trinity College Dublin
  • University College Cork
  • University of Limerick
  • Dublin City University
  • Dublin Institute of Technology
  • Irish Management Institute
  • National University of Ireland
  • Griffith College Dublin
  • IBAT College Dublin

5. Malaysia

Malaysia is one of the most affordable countries to study in, so it’s no wonder that this institution made the list of affordable countries for MBA.

The cost of an MBA in Malaysia is INR 6,00,000 to INR 10,00,000 per year 

Some of the top MBA universities in Malaysia are:

  • Universiti Malaya
  • Universiti Teknologi Malaysia
  • Strathclyde Business School – Malaysia
  • SEG International Bhd
  • International Islamic University of Malaysia (IUM)
  • Universiti Kebangsaan Malaysia (UKM)
  • Universiti Sains Malaysia
  • Universiti Tunku Abdul Rahman (UTAR)
  • Asia School of Business

Switzerland

Malaysia is one of the most affordable countries to study in, so it’s no wonder that this institution made the list of affordable countries for MBA.

The cost of an MBA in Malaysia is INR 6,00,000 to INR 10,00,000 per year 

Some of the top MBA universities in Malaysia are:

  • Universiti Malaya
  • Universiti Teknologi Malaysia
  • Strathclyde Business School – Malaysia
  • SEG International Bhd
  • International Islamic University of Malaysia (IUM)
  • Universiti Kebangsaan Malaysia (UKM)
  • Universiti Sains Malaysia
  • Universiti Tunku Abdul Rahman (UTAR)
  • Asia School of Business

6. Germany :

Foreign students from all across the world know Germany for its low cost of education and life. It easily claims the title of the cheapest country to pursue an MBA.

The cost of an MBA in Germany is  INR 25,93,700 to INR 43,22,800 per year

Some of the top MBA universities in Germany are:

  • Humboldt Universität zu Berlin
  • Berlin School of Economics & Law
  • University of Hamburg
  • Grenoble Ecole de Management
  • Munich Business School
  • HHL Leipzig Graduate School of Management
  • Frankfurt School of Finance & Management
  • Mannheim Business School 
  • HHL Leipzig Graduate School of Management
  • WHU – Otto Beisheim Graduate School of Management

7. Norway :

Norway is one country that provides free tuition to both its residents and foreigners; it is appealing to foreign students due to the availability of free English-taught degrees. Business students looking for economical venues to further their education will be pleased to learn that Norway is home to some of the top and cheapest MBA degrees in the world.

The cost of an MBA in Norway is INR 7,50,887 to INR 15,85,207 per year

Some of the top MBA universities in Norway are:

  • BI Norwegian Business School
  • NHH – Norwegian School of Economics
  • The Norwegian University of Science and Technology
  • University of Oslo
  • University of Agder 
  • Norwegian University of Life Sciences

8. The Netherlands :

The Netherlands is a fantastic study location since it welcomes foreign students and equips them with affordable and quality education. It is also the cheapest country in Europe for foreign students to pursue an MBA.

The cost of an MBA in the Netherlands is  INR 10,011,83  to  INR 45,05,326 per year

Some of the top MBA universities in the Netherlands are:

  • University of Amsterdam
  • Maastricht University
  • Erasmus University Rotterdam
  • Nyenrode Business University
  • Hanze University of Applied Sciences
  • Rotterdam University of Applied Sciences
  • Inter College Business School
  • Maastricht School of Management
  • TIAS School for Business and Society
  • Open Universiteit Nederland

9. France :

The fact that enrolling in a public institution qualifies you for a two-thirds tuition remission by the government is what makes France one of the top study locations in the world for international students. Furthermore, France provides some of the most affordable MBA degrees in the world for foreign students.

The cost of an MBA in France is INR 1245639 to INR 7425445 per year

Some of the top MBA universities in France are:

  • HEC Paris
  • INSEAD – Europe Campus
  • EMLYON Business School
  • ESSEC Business School
  • EDHEC Business School
  • SKEMA Business School
  • ESCP Europe – Paris Campus
  • Kedge Business School
  • Conservatoire National des Arts et Métiers (CNAM) – International Institute of Management
  • IÉSEG School of Management

10. Mexico :

Mexico is a culturally rich country that is also one of the most visited countries in Latin America. This country has several advantages for international students, such as low tuition and living costs, English-taught courses, and, most importantly, it is among the cheapest MBA locations you could possibly attend.

The cost of an MBA in Mexico is INR 12,79,062 per year

Some of the top MBA universities in Mexico are:

  • IPADE Business School
  • Universidad de Monterrey – UDEM Business School
  • ITAM – Instituto Tecnológico Autónomo de México
  • Universidad Anáhuac México – Facultad de Economía y Negocios
  • Universidad Nacional Autónoma de México (UNAM) Facultad de Contaduría y Administración (FCA UNAM)
  • Universidad De Las Américas (Udla) Puebla – Escuela De Negocios Y Economía
  • Universidad de Guadalajara – CUCEA Centro Universitario de Ciencias Económico Administrativas
  • Universidad de las Américas – A.C.
  • Universidad Autónoma de Nuevo León -Facultad de Contaduría Pública y Administración (FACPYA)
  • Universidad Autónoma Metropolitana – División de Ciencias Sociales y Humanidades

Why is Admission Counseling Important?

If you are stuck in your study abroad plan, you can take the help of an Admission Counselor. Admissions counselors are a trustworthy source for your research. When researching prospective colleges and their admissions requirements, expectations, or processes, you must use correct information. Using less trustworthy sources for information can harm your chances of acceptance. It is critical, to begin with, a trustworthy source of admissions information. Consider hiring a college admissions counselor if you have questions or need guidance during the college applications process.

Need a hand? Let Galvanize help you crack your desired university admission. Click here to check out the top-notch services.

Conclusion :

Your achievement does not necessarily rely on your attendance at a top MBA institution, but the overall benefits of enrolling in a top MBA school cannot be overstated. 

Pursuing an MBA in a top college overseas will provide you with a valuable degree from a reputable college that will benefit your career. Top recruiters prefer applicants with an MBA from a reputable university since it guarantees the quality of instruction. Therefore, you must try to crack a seat in a leading business school.

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