If you have some prior work experience, and intend to get an MBA certification, then here is a list of best colleges for MBA courses. Continue reading this Buzzle article for more details.
Besides officially certifying your managerial caliber and giving a boost to your resume and annual pay package, an MBA degree also adds well-defined knowledge to your experiential professional learning and gives you an edge over others.
It is a great thought to go for a Master’s degree or diploma in Business Administration, especially when you have been working for some time, and have accumulated a pretty sound work experience. There are many good reasons to get an MBA. In the job market, zillions of resumes belonging to the same profile inundate the desks of recruiters and the databases of online job portals and placement consultancies. However, an MBA, that too from a renowned university, can increase your chances of getting a job of your own choice. A master’s degree offered by one of the most prestigious and well-accredited institute can rescue you from your stagnant professional front. Take a look at the list of best colleges for MBA programs. Of course, to get admitted, you will have to prove that you are a good MBA candidate. You will have to write a personal essay about something that would reflect your ‘worthiness’ as a candidate. The interview is another critical aspect of the admission process. You should be able to present yourself as an enterprising, innovative, passionate, clever, and dedicated student.
Top Business Schools in the World
Below is a list of some of the best colleges for MBA programs for you to choose from. You can study for a wide range of MBA programs, from the general MBA to programs with a specialist focus, such as marketing, human resource, finance, pharmaceutical management/marketing, accounting, technology, insurance, leadership, etc. Check out the requirements and eligibility criteria for these courses along with registration and other formalities.
Harvard Business School, MA, USA
According to The Financial Times, this is the number one business school in the world. The average alumni salary, three years after graduation, is around US $180,000. As about 10,000 students are likely to apply for one of 940 or so places, getting admission in this business school is not at all easy. The students have to submit only one essay with no word limit. For some exceptionally brilliant students, the application can be ‘essay-less.’ Apart from the GPA, GMAT, or GRE scores, students need to submit proofs of significant volunteer work, sporting achievements, the quality of being an entrepreneur and a leader, etc. According to the available data, the average GMAT score of admitted students was 726. The program cost is about $140,511. Once admitted, students have access to financial assistance through loans and need-based fellowship to cover the entire student budget. The school offers doctoral programs too.
London Business School, UK
The Executive MBA (EMBA) program offered by LBS prepares you for your transition into general management and leadership. The school is known for its flexible 15-21 month full-time Master of Business Administration program. With a presence in London, New York, Hong Kong, and Dubai, the School will give you the skills and network you need to succeed in global business today. The subject areas include Accounting, Economics, Finance, Management Science and Operations, Marketing, Organizational Behavior, and Strategy and Entrepreneurship, etc. The average alumni salary, three years after graduation, is around US $155,000. The average GMAT score of admitted students was 700. The program cost is about $106,000. A variety of loans and scholarships are open to MBA students.
University of Pennsylvania, Wharton, PA, USA
As it is mentioned on the website of the university, “you’ll be stretched, pushed, and ultimately, transformed. This MBA program will give you the confidence and skills to lead anywhere in the world.” The Executive MBA program, designed for working professionals, is offered on the Wharton campuses in San Francisco and Philadelphia. The faculty travel to the West Coast to conduct their courses. Classes are held every other Friday and Saturday over 2 years. Cost of this two-year program for the class entering May of 2015 was $186,900. According to the latest data submitted by the school, the average GMAT score of admitted students was 728. The average alumni salary, three years after graduation, is around US $171,500.
Stanford Graduate School of Business, CA, USA
The incoming full-time students at Stanford University had the highest average GMAT score. The average GMAT score of admitted students was 732. According to The U.S. News and World Report’s survey, Stanford has the lowest acceptance rate at 7.1%. Harvard and Wharton have 11% and 20.7% acceptance rates respectively. The deadlines for MBA Class of 2017 and 2018 are already announced. The average alumni salary, three years after graduation, is around US $177,000. The program cost is about $126,750 (depends on various factors). However, approximately 50% of MBA students receive fellowship funds. Stanford GSB does not offer merit-based fellowships, but it provides need-based fellowships and loans, and also non-need-based loans to all students who qualify for assistance.
If you take a look at the number of MBA graduates who are currently chief executive of an FT500 company, Harvard ranks number one with 28 alumni and Insead ranks number two with 9 alumni working as an FT500 CEO. Insead has three fully-integrated campuses in Europe, Asia, and the Middle East (Abu Dhabi). It’s 10-month (accelerated) curriculum ensures fastest return on investment. 50% of the Insead graduates start or run their own company at some point in their career. According to the Bloomberg survey, the average GMAT score of admitted students was 703. The average alumni salary, three years after graduation, is around US $116,000. The program cost is about $80,700.
Columbia Business School, NY, USA
Because of its proximity to the New York city, more business leaders visit its campus than any other top business school. The MBA program as well as the Executive MBA program give you access to the widest range of thinking in any field of business research. They offer you unmatched opportunities to find your path as a scholar. The school also provides unrivaled networking opportunities to exchange ideas and develop new business. The average GMAT score of admitted students was 716. The average alumni salary, three years after graduation, is around US $169,250. The program cost is about $133,135.
Best Colleges for MBA Courses
Some of the best universities and colleges that are included in the world’s top 100 list:
➺ MIT Sloan School of Management, Massachusetts
➺ Haas School of Business, University of California, Berkeley
➺ IESE Business School, Barcelona, Spain
➺ University of Chicago Booth School of Business, Illinois
➺ Yale School of Management, New Haven, CT
➺ New York University: Stern
➺ HEC, Paris
➺ University of Oxford: Saïd, UK
➺ IMD, Lausanne, Switzerland
➺ Imperial College Business School, UK
➺ Manchester Business School, UK
➺ Warwick Business School, UK
➺ Carnegie Mellon: Tepper, Pittsburgh, Pennsylvania
➺ Indian School of Business, Hyderabad, A.P., India
➺ SDA Bocconi, Italy
➺ University of Hong Kong, Hong Kong, China
➺ Indian Institute of Management, Ahmedabad, India
➺ University of Michigan: Ross
➺ National University of Singapore Business School, Singapore
➺ Rotterdam School of Management, Erasmus University, Netherlands
➺ Mannheim Business School, Germany
➺ AGSM at UNSW Business School, Sydney, Australia
➺ Sauder School of Business, University of British Columbia, Canada
➺ UCD Michael Smurfit School of Business, University College Dublin, Ireland
➺ Purdue University: Krannert, IN, US
P.S: The factors that determine the ranks of these colleges may vary from place to place. The universities/colleges mentioned above are randomly listed.
Those were some prominent MBA programs, which can be availed by both freshmen as well as working executives. An MBA from these business schools can make a massive impact on your career. Courses offered by these schools guarantee a certain level of academic standard and ensure a rewarding career. Remember, no two MBA degrees are the same. There are far more moderately priced MBAs available in virtually every city, and investment on an MBA degree from the top business schools can seem like a huge expense, but the return on this investment is also high. You can look forward to a big fat salary and a challenging managerial position with promotional prospects. The advantages of studying at a top-ranked business school include exceptionally brilliant classmates, a high-quality alumni network (to expand and strengthen your professional and personal networks), good job opportunities, and increased income.