What is MBA?

top 10 mba colleges in world-what is MBA?

MBA stands for Masters in Business Administration. It is highly valued and an in-demand degree of this generation. The academic curriculum is meticulously designed to develop the skills and knowledge required for careers in business and management.

Pursuing MBA allows you to learn leadership skills and teaches you how to successfully lead, manage, organize and adapt in a business environment. It is undoubtedly a treat for all those practicing businesses or looking forward to making out a career in the same.

According to a 2017 survey from the Graduate Management Admissions Council (GMAC), a whopping 92 percent of MBA program alumni would still choose their degree if they could have a do-over. This just goes to show that an MBA can be a great investment.

Why MBA?

An MBA is one such degree that offers you a lot of personal and professional benefits. It helps you grow as a person and inculcates a more rational outlook and also assists you with the technicality involved in making a career in business and management.

An MBA degree opens a lot of job positions for you. MBA graduates always have an edge over a non-MBA graduate for a particular job position. It opens a new career path for you by adding up to your qualification. Not only this, it increases the earning potential of an individual. An MBA degree drastically improves and spikes up your chances of employment.

One of the major benefits of pursuing an MBA is networking. Being an MBA grad, you are considered to be more qualified and sophisticated which helps you bring a strong network with people having a similar outlook. It enhances your professional skills and gives you an opportunity to present yourself in front of the most talented people in your field. An MBA degree earns you a lot of respect in the community as well, and people naturally start looking up to you for opinions or pieces of advice in business and financial matters.

 

Here is a curated list of top 10 MBA colleges in World according to the QS World Rankings.

Ranking

University

City

Country

1.

Harvard Business School

Boston, Massachusetts

United States

2.

INSEAD

Fontainebleau Singapore

France

Singapore

3.

HEC

Paris

France

4.

Stanford Graduate school of Business

Stanford, California

United States

5.

London Business School

London

United Kingdom

6.

Wharton School of UPenn

Philadelphia, Pennsylvania

United States

7.

MIT Sloan School of Management

Cambridge, Massachusetts

United States

8.

Columbia Business School

New York, Columbia

United States

9.

Saïd Business School

Oxford

United Kingdom

10.

IE Business School

Madrid

Spain

 

 

Top MBA programs List : 

1.Harvard Business School

top 10 mba colleges in world-Harvard Business School

Duration- 24 months

Harvard Business School is the graduate business school of Harvard University, one of the Ivy League Universities.  It was founded in the year 1908 in an urban campus setting. HBS was tied for 1st with Chicago Booth by U.S. News & World Report and ranked 5th in the world by the Financial Times in 2018.

Harvard Business School is the best to pursue an MBA degree and the average salary of an HBS  graduate is around the US $158,049. Harvard has a network of 600+ recruiters coming in every year. Top recruiters include A.T. Kearney, Apple Inc, Bain and Company, Delloite, Google and other MNCs.

It has a legacy of influential alumni across the world including A.G. Lafley, Ratan Tata, Rahul Bajaj, Y.C. Deveshwar, George W. Bush etc

 

2.INSEAD

top 10 mba colleges in world-INSEAD

Duration- 10-12  months

INSEAD is a top class graduate business school with its three campuses in Europe and Asia. It was founded in the year 1957. The acronym INSEAD stands for "Institut Européen d'Administration des Affaires” in French. The college offers a variety of programs in MBA like full-time MBA programme, an Executive MBA (EMBA) programme, a Master in Finance programme, a Ph.D. in management programme, and a variety of executive education programmes.

INSEAD alumni have formed clubs and groups dedicated to specific industries and activities. These include the Hubert Society, Energy Club, INSEAD Healthcare Alumni Network and Salamander Golf Society. The average salary of a MBA graduate from INSEAD is UD $105,700.

3.HEC

top 10 mba colleges in world-HEC paris

Duration: 16 months

HEC  Paris is an international business school. It was established in the year  1887 and is located in Jouy-en-Josas in France. HEC Paris offers Master in ManagementMBA and EMBA programs. HEC Paris MBA students graduate armed with a global mindset, the latest knowledge of today and access to a network of over 56,000 alumni in 132 countries. Within three months of graduation, 92 percent of graduates accept job offers and nearly 50 percent secure employment outside of their home countries. The college is known for providing world-class education with a diverse environment with an international student rate of 92%.

The average salary of an MBA graduate from HEC Paris is the US $92,635. Top Campus recruiters include top technology firms like Google, Apple, Amazon, Microsoft and famous firms like A.T.Kearney, EY, Deloitte etc.

4.Stanford Graduate School of Business

top 10 mba colleges in world-Stanford Graduate school of Business

Duration: 21 months

The Stanford Graduate School of Business is the international business school associated with Stanford University in Stanford California. Established in the year 1925, the college has a faculty staff of 115 and a student population of 816 for MBA. It offers a full-time MBA programme which is ranked number 1 by the Financial Times, on number four by Business Insider and number 5 by The Economist worldwide.

The average total compensation of a class for an MBA programme at Stanford went to the highest salary ever of US $180,284 in 2017. It is renowned to have produced a commendable number of successful business leaders and entrepreneurs making it to an affluent alumni base with 17,803 alumni completing an MBA program from Stanford.

5.London Business School

top 10 mba colleges in world-LBS

Duration :15 months -21 months

London Business School, also known as LBS is a constituent business school of the Federal University of London. LBS was established in 1964 and is regarded as one of the best business schools in the world. It offers a full-time MBA program to its graduates and is recognized for its holistic academic curriculum that offers a variety of 70 electives. The MBA program at LBS is widely considered to be part of the top 10 in the world. LBS ranked 2nd in Global MBA Rankings in the world just behind Harvard Business School by the Financial Times. In CNN Expansion's 2014 Global MBA Rankings, LBS ranked 5th in the world. In 2016, the school's MBA program was ranked #21 worldwide for social and environmental impact by Corporate Knights magazine.

The average salary after completing, BA from London Business School is the US $117,596. The London Business School has 39,000 alumni in more than 150 countries.

6.The Wharton School of UPenn

top 10 mba colleges in world-Wharton School of UPenn

Duration: 20 months

The Wharton Business School is the International Business School of the celebrated Ivy League University of Pennsylvania. It was founded in the year 1881 and is the world’s oldest business collegiate. It has two campuses – one in Philadelphia and the other in San Francisco. Wharton School of business has a record of producing the highest number of Billionaires in the world.

The average salary after pursuing an MBA from Wharton School of Business is the US $145,000. The college has an acceptance rate of 9% with 1,775 graduates enrolled for the MBA programme in the year 2017.

Wharton is known to have a stellar alumni network  with over 95,000 alumni in 153 countries, with notable figures such as Donald TrumpJeremy RifkinElon MuskWarren BuffettSundar PichaiAditya MittalSteven A. CohenJeff WeinerAnil AmbaniJohn SculleyWalter AnnenbergLeonard LauderLaurence TischMichael MoritzRuth PoratKunal Bahl, and William Wrigley Jr. II. Its alumni include the CEOs of GoogleAppleLinkedInCBSBlackRockJohnson & JohnsonUBS AGWrigley Company, and Tesco.

7.MIT Sloan School of Management

top 10 mba colleges in world-MIT Sloan School of Management

Duration: 24 Months

MIT Sloan is the graduate business school of Massachusetts Institute of Technology located in Cambridge, Massachusetts. It was established in the year 1914 and presently has a student population of 1,300.

The very unique thing about this institution is that MIT also collaborates extensively with Harvard University, and students at each institution often pursue simultaneous degrees at the other. MIT Sloan students can freely cross-register for courses at Harvard Business School, and vice versa—the only leading business schools to have such an agreement. It offers a full-time classroom oriented MBA program to its graduates making them a leader for tomorrow.

The average salary after MBA is the US $121,000 with recruiters from companies like Apple, Deloitte, Tesla Motors, Microsoft, Nike, IBM, J.P. Morgan Chase, L.E.K Consulting etc. It has a diverse alumni network including the seventh UN Secretary-General Kofi Annan; Bill Ford, Chairman of the Ford Motor Company; and Cary Fiorina, the former CEO of Hewlett-Packard and many more.

8.Columbia Business School

top 10 mba colleges in world-CBS

Duration: 20-24 months

Columbia Business school is the international business school associated with Columbia University. Established in 1916, the college has a beautiful campus located in Manhattan, New York City. It is one of the oldest business schools of the Ivy League. It has been highly ranked for its MBA program and is one of the most selective business schools of the world.

It is ranked 6th in terms of employability and has top recruiters like McKinsey & Company, Bain and Company, Amazon, Deloitte Consulting, IBM, J.P. Morgan, Apple Inc etc. The average salary of an MBA student from Columbia Business School ranges around the US $160,000.

9.Saïd Business School-University of Oxford

top 10 mba colleges in world-Saïd Business School

Duration: 12 months

Said Business School is the Graduate school affiliated with the University of Oxford in London. It was established in the year 1966. It has the largest intake of any graduate business school in the country with more than 500 students enrolled for MBA. The MBA program focuses on entrepreneurship, global rules of the game and responsible leadership. The college maintains a high employment rate with top recruiters like Apple, Microsoft, Google, Bain & Company, Deloitte, Amazon, HSBC etc.  

The average salary of an MBA graduate is US$125,00. It has a large network of alumni who have created their own identity including Cameron Winklevoss, Javed Afridi, Papa CJ, Storm Uru, Michael Bates etc.

10.IE Business School

top 10 mba colleges in world-IE Business School

Duration: 10-15 months

IE Business school is an international business school founded in the year 1973. It is located in Madrid, Spain. IE Business School offers programs in MBA, EMBA, and a masters in finance and management. It has been consistently ranked under the top colleges for MBA list by The Economist. BusinessWeek, FT.

IE Business schools have a tie-up with more than 2500 recruiters including big MNCs like Google, Amazon, Microsoft, Porsche, McKinsey & Company etc

The average salary of an MBA graduate from IE Business school US $97,846.

Conclusion: 

MBA may be an excellent program if you have got a decent profile and are a certain level of work experience an MBA could be a good path ahead. 

However bear in mind that competition is hard, particularly for the highest faculties, therefore, ensure your application highlights the worth you'll be able to add.

Alternatively, the Masters in Management may be a much better fit. With the course structure specifically custom-built keeping in mind the low work expertise held by most of its candidates, you may have a robust program and get supported by internships and alternative activities to support your holistic growth.