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Best MBA Colleges in World: Top 20 MBA Colleges Abroad 2024

Top 20 MBA Colleges: GMAT Score, Fees, Salary & More

best mba colleges in world

Key Takeaways

  • Top Global MBA Programs: This guide highlights the best MBA colleges globally, such as Harvard Business School, which boasts a median starting salary of $175,000, and INSEAD, known for its extensive international alumni network across 170+ countries.
  • Factors to Consider: Learn about critical factors such as rankings (e.g., Stanford consistently ranks #1 in Financial Times and QS Rankings), alumni success, return on investment, and faculty quality that make these MBA programs stand out.
  • Career Benefits: Graduates from top MBA programs, like the Wharton School, see an average salary increase of 120% post-MBA, showcasing the career-enhancing benefits of these prestigious institutions.
  • Program Diversity: Understand the value of program variety, including specializations such as finance, technology management, and entrepreneurship that cater to different industries and career ambitions.
  • Regional Insights: Get a glimpse of top MBA colleges across major regions like North America (Harvard, Stanford), Europe (London Business School, INSEAD), and Asia (CEIBS, Indian School of Business), helping you decide which geographical focus suits you best.

Choosing the best MBA college is a crucial decision that can shape your career, broaden your network, and increase your earning potential. With over 13,000 business schools globally, narrowing down the best MBA programs can be overwhelming. This guide on the "best MBA colleges in the world" will help you navigate through the top-ranked institutions like Harvard, Stanford, and INSEAD, which are renowned for their academic excellence, diverse opportunities, and strong global networks. Whether you're aiming for a specific specialization, a powerful alumni base, or a program that aligns with your career goals, we’ve got you covered.

Top MBA Colleges in World

These MBA colleges boast a strong global reputation, attracting students from all corners of the world and facilitating cross-cultural interactions. The diverse student body at these top 10 MBA colleges in world allows for rich discussions and the exchange of ideas, preparing students to thrive in an increasingly interconnected and globalized business landscape.

Top MBA Colleges  QS Rank FT Rank
Stanford MBA 1 23
Wharton MBA 2 1
Harvard MBA 3 11
LBS MBA 4 8
HEC Paris MBA 5 12
MIT (Sloan) MBA 6 6
Columbia MBA 7 3
IE Business MBA 8 20
Cambridge MBA 9 29
IESE MBA 9 5
INSEAD MBA 11 2
Northwestern Kellogg MBA 12 6
UC Berkeley MBA 13 19
Chicago Booth MBA 14 10
UCLA MBA 15 18
Yale MBA 16 15
NYU Stern MBA 17 21
Oxford MBA 18 26
Esade MBA 19 17
Imperial MBA 20 39

An In-Depth Review of 2024: Top 20 MBA Programs

The Master of Business Administration (MBA) is a highly esteemed degree, renowned for its significant value among recruiters and business leaders worldwide. This program is meticulously designed to broaden the knowledge and enhance the skills of individuals aspiring to excel in business management.

An MBA curriculum is comprehensive, equipping candidates with the tools necessary for high-level financial and managerial roles. Business schools focus on an action-oriented approach, effectively preparing students for the challenges of the professional world with practical, real-life applications.

This article highlights the world's premier MBA colleges, offering top-tier courses that lead to prestigious MBA degrees. Explore our curated list of the top 10 MBA colleges globally, and gain essential insights into the best MBA institutions abroad, ensuring you are well-informed to make the right educational choices for your career.

Top 10 MBA Colleges in World

1. Stanford Graduate School Of Business

best mba colleges in world

Stanford Graduate School of Business is a world-renowned institution that embodies excellence in business education. Nestled in the picturesque setting of Stanford, California, the school offers a vibrant and inspiring learning environment that nurtures innovation, collaboration, and personal growth. Stanford School empowers students to become influential leaders who change the world positively. MBA empowers future leaders to think boldly, challenge conventions, and drive meaningful change.

Average GPA 3.7
Work-experience

5 years
Full-time MBA Fees

$126,465
MBA Salary

$182,272
Top Post-MBA Industries


Investment(19%)
Consulting(17%)
technology(13%)
Application Fees $275 
Useful Link  Curriculum |Application requirements|Alums

2. Wharton Business School

best mba colleges in world

The University of Pennsylvania's Wharton School of Business is one of the world's leading business schools, noted for its rigorous academic curriculum, creative research, and top-ranked MBA programme. The Wharton MBA programme is designed to give students with the information, abilities, and experience needed to flourish in a variety of business sectors.

Average GPA 3.6
Work-experience

5 years
Full-time MBA Fees

$84,830
MBA Salary

$245,772
Top Post-MBA Industries

Consulting: 28.8%
Financial services: 37.3%
Investment Banking/Brokerage: 14.2%
Application Fees  $275
Useful Link 
Curriculum |Application requirements|Alums

3. Harvard Business School

best mba colleges in world

Harvard University School of Business MBA program melds strategic thinking, innovative problem-solving, and ethical decision-making within a dynamic learning environment that bridges theory and practical application. Offering concentrations in Finance, Marketing, Entrepreneurship, and International Business, the Harvard MBA prepares students to excel in diverse professional arenas. The collaborative and culturally rich student body, the program not only enhances professional capabilities but also instils a commitment to making a significant social impact. 

Average GPA 3.7
Work-experience

4-5 years
Full-time MBA Fees

$152,820
MBA Salary

$246,509
Top Post-MBA Industries

PE/VC(14%)
Consulting(27%)
technology(12%)
Application Fees $275
Useful Link 

Curriculum |Application requirements|Alums

4. London Business School (LBS)

best mba colleges in world

London Business School (LBS) shines as a beacon of excellence among the best MBA colleges in UK. Renowned for its flexible curriculum, LBS allows students to shape their education according to their career aspirations. LBS full-time MBA program, spanning 15 to 21 months, is globally focused, boasting a diverse student body and ample opportunities for international experiences. LBS consistently secures top-tier rankings globally, with over 90% of graduates landing job offers within three months of graduation.

Average GPA 3.5
Work-experience

6 years
Full-time MBA Fees

$84,830
MBA Salary

$192,331
Top Post-MBA Industries

Consulting: 40%
Finance: 26%
Technology: 20%
Application Fees $249
Useful Link 

Curriculum |Application requirements|Alums

5. HEC Paris School 

hec paris logo

HEC Paris offers a prestigious MBA program recognized for its academic excellence, diverse student body, and global perspective.HEC Paris takes pride in its diverse and multicultural student community, fostering a global perspective. The program prepares students for leadership roles in an international business environment.

Average GPA 3
Work-experience

6 years
Full-time MBA Fees

$ 57,180 
MBA Salary

$175,673
Top Post-MBA Industries

Consulting: 25%
Technology: 23%
Finance: 15%
Application Fees $224 
Useful Link 


Curriculum |Application requirements|Alums

6. MIT Sloan

best mba colleges in world

The MIT Sloan School of Management offers a distinguished MBA program for emphasising innovation, collaboration, and a commitment to addressing global challenges. MIT Sloan also strongly emphasizes action learning, where students engage in real-world projects and experiential opportunities. Programs like the Action Learning Labs and the Sloan Innovation Period provide hands-on experiences.

Average GPA 3.6
Work-experience

5 years
Full-time MBA Fees

$1,73,100
MBA Salary

$229,639
Top Post-MBA Industries

Consulting: 31.1%
Technology: 27.6%
Finance: 18.5%
Application Fees $250 
Useful Link  Curriculum |Application requirements|Alums

7. Columbia Business School

best mba colleges in world

Columbia's MBA program features a rigorous core curriculum covering essential business disciplines. The core courses provide a strong foundation, ensuring that students develop a comprehensive understanding of key business concepts. The program offers flexibility through a wide range of elective courses, allowing students to tailor their MBA experience to align with specific career goals and interests. 

Average GPA 3.0
Work-experience

5
Full-time MBA Fees

$1,68,900
MBA Salary

$232,760
Top Post-MBA Industries

Financial Services - 51%
Technology, Telecom & Internet - 22%
Consulting, Professional Services - 18%
Application Fees $250
Useful Link 
Curriculum |Application requirements|Alums

 8.IE Business School

best mba colleges in world

IE Business School is a leading institution in business education, committed to promoting entrepreneurship, diverse viewpoints, and hands-on learning. They empower individuals to challenge norms, push boundaries, and drive innovation in a continuously evolving world. By leveraging the power of knowledge, collaboration, and innovation, IE is shaping a future that is only limited by our imagination.

Average GPA 3.6
Work-experience

5
Full-time MBA Fees

$ 91,457.09
MBA Salary

$172,982
Top Post-MBA Industries

Technology - 27%
.Financial Services - 20% 
Consulting - 15% o
Application Fees $ 134.18
Useful Link  Curriculum |Application requirements|Alums

9. Cambridge 

best mba colleges in world

The Judge Business School at the University of Cambridge is one of the top MBA colleges in the UK. The school has a long history of academic excellence and innovation in business education and is globally recognized for its prestigious research and academic standards.

The Cambridge MBA program is a one-year course that provides a rigorous curriculum covering key business areas such as finance, marketing, strategy, and leadership, with the aim of transforming its students. Known for its holistic approach, the program integrates a rigorous curriculum with practical experience, offering students over 400 hours of hands-on learning through real client projects.

Average GPA  3.5
Work-experience

6 years 
Full-time MBA Fees

$ 86,071.29
MBA Salary

$176,786

Top Post-MBA Industries

Consulting: 29% 
Finance: 30%
Technology: 10% 
Application Fees $205.79 
Useful Link 

Curriculum |Application requirements|Alums

10. IESE Business School

best mba colleges in world

Based in Barcelona, Spain, IESE Business School is renowned for its emphasis on ethical leadership and social responsibility. With a focus on personal development and a global perspective, IESE prepares its students to lead with integrity and make a positive impact in the business world.

Average GPA 3.6 
Work-experience

5.4 years
Full-time MBA Fees

$ 1,06,741.11 
MBA Salary

$186,339
Top Post-MBA Industries

Consulting: 33% 
Finance: 21% 
Diversified Industries: 28% 

Application Fees $ 214.55
Useful Link  Curriculum |Application requirements|Alums

11. INSEAD

best mba colleges in world

With campuses in Europe (France), Asia (Singapore), and the Middle East (Abu Dhabi), INSEAD is a leading global business school known for its diverse and multicultural environment. With a focus on entrepreneurship, innovation, and global perspective, INSEAD prepares its students to become transformative leaders in an interconnected world.

Average GPA 3.5
Work-experience

5 years
Full-time MBA Fees

$ 111,033
MBA Salary

$198,904
Top Post-MBA Industries


Consulting: 48%
Financial Services: 14% 
Technology, Media, and Telecommunications (TMT): 23% 
Application Fees $298
Useful Link  Curriculum |Application requirements|Alums

12. Northwestern (Kellogg)

best mba colleges in world

Situated in Evanston, Illinois, Northwestern University Kellogg School of Management is renowned for its emphasis on teamwork, leadership, and experiential learning. With a global network of alumni and a commitment to innovation, Kellogg equips its students with the skills and mindset to succeed in a rapidly evolving business landscape.

Average GPA 3.7
Work-experience

More than 2 years
Full-time MBA Fees

$ 162 030 
MBA Salary

$216,134
Top Post-MBA Industries


Consulting: 42% 
Financial Services: 22% 
Technology: 17% 
Application Fees  $250
Useful Link 
Curriculum |Application requirements|Alums

13. UC Berkley(Hass)

best mba colleges in world

UC Berkeley Haas School of Business is known for its innovative curriculum and collaborative culture. With a focus on entrepreneurship, diversity, and sustainability, Haas prepares its students to drive positive change in the global business community.

Average GPA 3.65
Work-experience

5.4 years
Full-time MBA Fees

$163,782
MBA Salary

$218,992
Top Post-MBA Industries

Technology: 29.8% 
Consulting: 27.6% 
Financial Services: 14.5% 

Application Fees $200
Useful Link  Curriculum |Application requirements|Alums

14. Chicago(Booth)

best mba colleges in world

Renowned for its rigorous analytical approach and groundbreaking research, Chicago Booth School of Business is located in the vibrant city of Chicago. With a legacy of academic excellence and a commitment to fostering intellectual curiosity, Booth prepares its students to become leaders in both business and academia.

Average GPA 3.54
Work-experience

3 years 
Full-time MBA Fees

$161,922
MBA Salary

$228,901
Top Post-MBA Industries

Consulting 38.6% 
Financial Services 32.6% 
Technology:15.5% 
Application Fees $250
Useful Link  Curriculum |Application requirements|Alums

15. UCLA Andearson

best mba colleges in world

Situated in Los Angeles, UCLA Anderson School of Management is known for its vibrant community and entrepreneurial spirit. With a focus on innovation, leadership, and global impact, Anderson provides students with the tools and resources to thrive in a diverse and dynamic business landscape.

Average GPA 3.3
Work-experience

4-5 years
Full-time MBA Fees

$ 243,182
MBA Salary

$196,204
Top Post-MBA Industries

Technology: 25.4% 
Consulting: 27.7% o
Financial Services: 13.3%
Application Fees $ 200
Useful Link  Curriculum |Application requirements|Alums

16. Yale School of Management

best mba colleges in world

Yale School of Management, nestled within the Ivy League institution of Yale University, stands out for its commitment to educating leaders for business and society. With a focus on purpose-driven leadership and collaboration, Yale SOM equips its students with the skills and mindset needed to address complex challenges.

Average GPA 3.66
Work-experience

5 years
Full-time MBA Fees

$216,840
MBA Salary

$199,746
Top Post-MBA Industries

Consulting Services: 47.5% 
Finance/Accounting: Around 24.0% 
Marketing/Sales: Approximately 8.8%
Application Fees $250
Useful Link  Curriculum |Application requirements|Alums

17. NYU (Stern)

best mba colleges in world

Positioned in the heart of New York City, NYU Stern School of Business offers a dynamic and immersive learning experience. Renowned for its global perspective and emphasis on experiential learning, Stern prepares students to excel in the fast-paced world of business.

Average GPA 3.62
Work-experience

5 years
Full-time MBA Fees

$123,253
MBA Salary

$205,262
Top Post-MBA Industries

Consulting: 28.8% 
Financial Services: 38.1% 
Technology/Telecommunications: 11.6% 
Application Fees $250
Useful Link 

Curriculum |Application requirements|Alums

18. Oxford (Said)

best mba colleges in world

The Oxford Saïd MBA program at the Saïd Business School is acclaimed for its rigorous and holistic business education approach. Renowned for its rigorous and holistic approach to business education, the Oxford Saïd MBA program is designed to develop global business leaders equipped to tackle real-world challenges with innovative and socially responsible solutions. Lasting for one academic year, this full-time program emphasizes ethical leadership and sustainable business practices.

Average GPA  
Work-experience

2 years
Full-time MBA Fees

 $ 97,958.50
MBA Salary

$175,338
Top Post-MBA Industries

Consulting: 31.90% 
Finance: 26.70% 
Technology: 20.70% 
Application Fees $ 187.17 
Useful Link  Curriculum |Application requirements|Alums

19. ESADE Business School

best mba colleges in world

ESADE Business School, situated in Barcelona, Spain, is recognized for its commitment to academic excellence and social responsibility. With a focus on innovation and sustainable business practices, ESADE prepares its students to become leaders who can drive positive change in the world

Average GPA 3.15
Work-experience

Min. 2 years 
Full-time MBA Fees

$ 83,146.65
MBA Salary

$182,414
Top Post-MBA Industries

Technology, Media, and Telecommunications (TMT): 32% 
Consulting: 31.9% 
Finance: 26.7% 
Application Fees $ 144.85
Useful Link 

Curriculum |Application requirements|Alums

20. Imperial College Business School

best mba colleges in world

The Imperial College London MBA program stands out by offering a unique blend of business acumen and cutting-edge technology insight within a one-year curriculum. Located in London (a vibrant start-up capital and global business hub) the program emphasizes personalized learning, global leadership experiences, and practical application of knowledge in innovation and technology. With a strong focus on research excellence, Imperial College Business School stands out as one of the best mba colleges in UK for aspiring business leaders.

Average GPA 3.25
Work-experience

Min. 3 years 
Full-time MBA Fees

$ 84,283.20 
MBA Salary

$160,688
Top Post-MBA Industries

Consulting,
Finance,
Technology
Application Fees $ 187.27
Useful Link 

Curriculum |Application requirements|Alums

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Country to Pursue Best country to pursue MBA
Specialization Best Specialization in MBA
Scholarship Scholarship for MBA abroad
Benefits Benefits of MBA

Conclusion

Undoubtedly, the United States holds the title of the world leader in terms of business school rankings. Although, multiple school global MBA ranking may vary depending upon the factors taken into account. However, the chances of getting wrong with the given list of b-schools or top MBA colleges in abroad are very less.

What are the criteria for ranking the top 10 MBA colleges in the world?

The criteria for ranking the top 10 MBA colleges in the world vary but generally include factors like reputation, academic excellence, faculty qualifications, student selectivity, alumni network, and career outcomes. These rankings are often based on extensive research, surveys, and evaluations by experts in the field of education.

What is the acceptance rate for Indian students at the top 10 MBA colleges in the world?

The acceptance rate for Indian students at the top 10 MBA colleges in the world can vary significantly. While it's challenging to provide an exact acceptance rate, it's important to note that these schools often seek a diverse student body and welcome applications from talented Indian candidates. Admissions decisions are based on a holistic review of an applicant's profile, including academic achievements, work experience, leadership potential, and personal qualities.

Are there any scholarships available specifically for Indian students at these top MBA colleges?

Many top MBA colleges offer scholarships specifically for Indian students. These scholarships aim to attract and support exceptional Indian talent. The availability and criteria of these scholarships may vary from institution to institution. Indian students are encouraged to explore the scholarship opportunities offered by each college they are interested in and check the eligibility requirements, application deadlines, and selection criteria.

Can I get admission into a top 10 MBA college with a non-business undergraduate degree?

Yes, it is possible to get admission into a top 10 MBA college with a non-business undergraduate degree. While some business schools prefer candidates with a background in business or related fields, they also value diverse perspectives and skill sets. Admissions committees assess applicants based on their overall profile, including academic performance, work experience, leadership potential, and personal qualities. It is essential to showcase transferable skills, highlight relevant experiences, and demonstrate a strong motivation for pursuing an MBA despite the non-business background.

What is the average GMAT score required for admission to the top 10 MBA colleges in the world?

The average GMAT score required for admission to the top 10 MBA colleges in the world can vary depending on the school and the competitiveness of the applicant pool. These schools often look for strong quantitative and verbal reasoning skills, which are assessed through the GMAT. While there is no fixed cutoff, competitive GMAT scores typically range from 700 to 750 or higher. However, it's important to note that admissions decisions are not solely based on GMAT scores, but also consider other aspects of an applicant's profile, including work experience, academic achievements, and personal qualities.

Know Your Author
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Abhyank Srinet
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Study Abroad Expert

Abhyank Srinet, the founder of MiM-Essay, is a globally recognized expert in study abroad and admission consulting. His passion is helping students navigate the complex world of admissions and achieve their academic dreams. Abhyank earned a Master's degree in Management from ESCP Europe, where he developed his skills in data-driven marketing strategies, driving growth in some of the most competitive industries.


Abhyank has helped over 10,000+ students get into top business schools with a 98% success rate over the last seven years. He and his team offer thorough research, careful shortlisting, and efficient application management from a single platform.

His dedication to education also led him to create MentR-Me, an AI-powered platform that offers personalized guidance and resources, including profile evaluation, application assistance, and mentoring from alumni of top global institutions.

Continuously adopting the latest strategies, Abhyank is committed to ensuring that his clients receive the most effective guidance. His profound insights, extensive experience, and unwavering dedication have helped his clients securing of over 100 crores in scholarships, making him an invaluable asset for individuals aiming to advance their education and careers and leading both his ventures to seven-figure revenues.

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