Some of the best indicators of whether a business school is top-notch include the alumni who have attended, the programs it offers, and, most importantly, the ranking the school gets from surveying groups around the world.
If you are looking for the best of the best, the rankings can help you decide. Some are ranked high for their selective enrollment, some for awards they have received from business institutions, and some for their contributions to the business community.
The only bonus of evaluating rankings is that such standings give the school a reputation for excellence. If a university has a label attached to its name, then you can be assured that its facilities, faculty, curriculum, and resources have all met the criteria for quality.
Full-time MBA degrees will require more time and money, and there are schools that offer executive and/or part-time programs. Your first consideration should not be looking simply for a low-budget program. You should be looking for a school that will provide a good return on your investment.
If you are already working hard and getting paid average wages, and you don't think you're getting ahead or learning new skills you need to know, or if you're in your final months of college and you're not sure what business career you want to pursue, then you may want to look for a business school that can help you decide on and achieve your dreams.
There are many schools to choose from, including top-tier schools such as Harvard and Wharton. But smaller schools may be more experienced in teaching specific business aspects that you want to explore.
Also consider whether you need a live classroom, or if distance education will work for you. Distance learning will allow you to attend school while you are still working, so you don't have to quit your job to go back to school.
No matter what your reason is, there are many considerations to be made―degrees available, cost, curriculum, facilities, schedule, resources, track record, rankings, alumni, reputation, and faculty, among other things.
No matter how perfect the school is, and no matter what research you do to find the best school, all your efforts will be wasted if you don't work hard to perform well and emerge a highly skilled, in-demand business professional. Standards and criteria of business schools are important considerations―but the end result all depends entirely on you.