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List of Top 10 MBA Colleges in World

What is MBA?

MBA or Masters in Business Administration is a prestigious program known for its reputation amongst recruiters. The program’s curriculum is designed to develop students’ knowledge and skills who want to make a career in business management.

The MBA program’s extensive curriculum prepares candidates for both financial and managerial positions. In addition, most b-schools are action-oriented, thus, preparing students for real-world professional needs.

Read along to know more about MBA programs and the top university in the world that provide an MBA degree. We will not only talk about the top university in the world and provide you with all the necessary information related to them. This article will also provide the top 10 universities in the world for MBA programs.

Why MBA?

MBA programs are known for providing multiple benefits. It allows not only professional but also personal growth. Skills such as leadership and personality development allow you to teach a rational approach to your decisions.

There are better placements at the top university in the world for MBA. Which further leads to increased pay. Apart from better pay and growth benefits, an MBA grad gets a chance to improve their networking.

Pros

  • Higher salary.
  • Better networking opportunities
  • Provides a better edge to your profile.
  • Advance knowledge of relevant skills & knowledge.

Cons

  • High fee structure of top MBA colleges.
  • Pursuing MBA does not automatically give you a job.
  • The degree will not be of help if you are not interested in business or management.

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Scholarships

MBA programs from top universities are very beneficial and provide a better career perspective. However, financing one is easier said than done. Apart from a small fraction of the MBA’s cohort, most students opt for either education loans or scholarships for financing their education. Thus, you should be aware of the top university in the world so you can make the right choice for your future. This is why we have to provide you with the top 10 universities in the world for the MBA program later in the article.

Benefits of MBA Scholarships

High demand for B-schools has resulted in an annual rise of the top University in the world fees by 3% to 5%. Nevertheless, students willingly take education loans to supplement their studies because of the program’s high ROI.

Comparatively, opting for scholarships is much more beneficial for students.

1.    Distinguishing factor

Scholarships are awarded to deserving and exceptional students. Therefore, it adds an impressive streak to the candidate’s profile allowing you to distinguish yourself from your peers.

2.    Lower financial burden

Scholarships enable students to study without any financial burden. Moreover, as students do not have to repay the scholarship amount, they do not have to work.

Instead, they can build their profile by pursuing internships, joining clubs, societies, etc.

3.    Recognition

Thousands of students apply for scholarships. However, only a selected few of them gets it. This is an achievement that makes you recognizable amongst other students.

4.    Escape from liability of student loan

One can easily avail of student loans from banking institutions. However, it takes decades to repay them. Sometimes, students are forced to work to repay their student loans.

It can be tricky to be in, and therefore, one must avoid it by trying to win a scholarship.

What do AdComs expect?

1.    Academics

Candidates must have good academic performance and a GMAT or GRE score.

2.    Work Experience

MBA is a managerial program; therefore, a good amount of relevant work experience with achievements and career progression adds value to your profile.

3.    Extra-curricular activities

Your personal activities, interest in sports, participations and certifications in various forms of competitions etc., comes under your extra-curricular activities.

4.    Leadership skills

Various initiatives or leadership roles you have undertaken during your work life or college life highlights your leadership skills.

5.    Clarity of goals

Every pursuit of your life must be a step forward towards your career goal. It showcases the candidate’s drive to achieve goals.

6.    Unique factor

AdComs are known to breed diversity in their cohort. Therefore, candidates who can bring uniqueness to the program are selected for scholarships.

    MBA

    MBA Scholarships

    1.    Merit-based Scholarships

    These highly competitive scholarships are offered to several students. GMAT and GRE scores are often considered for these scholarships.

    Both internal and external agencies can give these scholarships.

    2.    Gender-based and diversity-based scholarships

    As the name suggests, these scholarships are reserved for specific genders and diverse groups. The primary aim behind this scholarship is to promote gender diversity and the interest of underrepresented communities in their cohort.

    3.    Need-based scholarships

    Only a few schools are known to provide these scholarships. It primarily covers only a candidate’s needs. The candidate’s incomes and assets are considered before awarding this scholarship.

    4.    Scholarships offered by external agencies

    External agencies offer these scholarships. In addition, most organizations that employ MBA grads or NGOs offer scholarships for MBA applicants.

    Tips for securing your scholarship

    1. Always check scholarship requirements from the university’s website.
    2. Focus on highlighting projects undertaken, certifications etc.
    3. Prepare an advanced strategy to present your profile.
    4. Alternatively, hire an experienced professional or advisor, such as MiM-Essay, to assist you with your application process.

    Here is a quick youtube video on Best 5 Online MBA Programs in the World 

    Here is a curated list of the top universities for MBA colleges in the World according to the QS Global MBA Ranking

                                 World University Rankings – Full-Time MBA: Global, 2021
      Ranking University City Country
    1 Stanford Graduate School of Business Stanford (CA) United States
    2 Penn (Wharton) Philadelphia (PA) United States
    3 MIT (Sloan) Cambridge (MA) United States
    4 Harvard Business School Boston (MA) United States
    5 HEC Paris Jou yen Josas France
    6 INSEAD Paris Singapore, France
    7 London Business School London United Kingdom
    8 Columbia Business School New York (NY) United States
    9 IE Business School Madrid Spain
    10. UC Berkeley (Haas) Berkeley (CA) United States

    Top Universities for MBA programs: :

    10. UC Berkeley (Haas)

     

     

    Haas School of Business- MBA review

    The MBA program at UC Berkley (Haas) focuses on teaching management and strategy to its students. The program’s elective and core courses, student activities, conferences and clubs, applied innovative procedures helps in honing leadership skills. UC Berkeley has been ranked 10th in the QS World University Rankings and thus deserving its place in the top 10 universities in the world for MBA.

    With tie-ups from 2500+ recruiters, the program offers an employability rate of 89%.

    Course duration – 21 months

    Tuition fees – $106,348 (non-resident)

    Class profile – 331

    Average starting salary – $140,000

    9. IE Business School

    IE business school is located in Madrid, Spain. It offers multiple managerial programs, namely EMBA, MBA, Ms. in Finance etc.

    IE’s flagship full-time MBA program caters to student’s professional needs by allowing up to 45% customisation. Moreover, candidates can also choose up to four labs as per their professional interests. As a result, it is ranked highly and is considered the top university in the world and is also acknowledged by the QS Quacquarelli Symonds and thus deserving its place in the top 10 universities in the world for MBA.

    The program also offers a high ROI, offering a 92% employability rate.

    Course duration – 11 months

    Tuition fees – €72,200

    Average starting salary – $ 93,264

    Confused, Why should you go for an MBA after Engineering? Check out the Benefits here !

    8. Columbia Business School

    Established in 1916, the Columbia Business School is one of the oldest b-schools worldwide.

    Besides the fact that the school’s features about 200+ electives, it also offers several career concentrations, primarily in entrepreneurship, finance, and accounting. Thus, landing it a spot amongst the top 10 MBA colleges and being the top university in the world.

    The school has an employability rate of 90%.

    Course duration – 20 months

    Tuition fees – $77,376

    Class profile – 782 (enrolled)

    Average starting salary – $150,000

    7.London Business School

    London business school best business schools in Europe

    Although LBS was established in 1964, it still retains its position amongst the best b-schools worldwide. The school’s MBA program offers a holistic curriculum with a range of 70+ electives.

    Candidates at LBS gets the benefit of pursuing a customisable curriculum. Moreover, the students get an opportunity to leverage from an extensive network of top 500 global companies. Hence, making it one of the top universities to offer an MBA program and thus deserving its place in the top 10 universities in the world for MBA.

    The program has an employability rate of 91%.

    Course duration – 21 months

    Tuition fees – £92,735

    Class profile – 532

    Average starting salary – £83,295.00

    6.INSEAD

    INSEAD MBA Review

    INSEAD is known for being the first school to offer a two consecutive year MBA degree in Europe. Later on, it also became the first European university to offer a one year MBA program.

    Additionally, the program focuses on improving the employability of its candidates by inculcating their leadership skills. With a choice of 75 different electives to choose from, the school boasts an employment rate of 92%.

    Moreover, the program’s alumni have formed multiple groups allowing students to network and understand industry requirements. As a result, it is also considered the top university in the world to offer a great MBA program. It is also acknowledged by the QS Quacquarelli Symonds and thus deserving its place in the top 10 universities in the world for MBA.

    Course duration – 10 months

    Tuition fees – €89,000.00

    Class profile – 1010

    Average starting salary – $105,900

    5. HEC Paris

    HEC’s MBA program also focuses on creating world leaders by conducting seminars, workshops etc. Above all, the program’s multiple modules and core courses are expensive enough to assist you in fulfilling your business dreams. Like all of its branches, HEC Paris is one of the top universities in the world for MBA programs.

    Besides, the program has reported that about 25% of its students become entrepreneurs.

    Moreover, the program has an employment rate of 92% for students who want to join multinational companies and organisations. The QS Quacquarelli Symonds also acknowledges the institute and thus deserving its place in the top 10 universities in the world for MBA.

    Course duration – 15 months

    Tuition fees – € 78,000

    Class profile – 290

    Average starting salary – €107,453

    4. Harvard Business School

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

    Harvard business school started offering MBA programs in 1908. The program mainly focuses on creating business leaders by improving candidate’s leadership skills. Harvard business school is ranked very highly and is one of the top universities in the world.

    The school boasts an excellent student-faculty ratio of 7:1. Furthermore, more than half of students pursuing an MBA program receive merit-based scholarships. All in all, the program gives an employability rate of 90%. Thus, deserving it a fair spot of 4th in the QS World University Rankings and thus deserving its place in the top 10 universities in the world for MBA.

    Course duration – 2 consecutive years

    Tuition fees – $73,440

    Class profile – 732

    Average starting salary – $150,000

    Fact Check: Australia is the second most popular country in the world for international students

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    3. MIT (Sloan)

    HEC paris

    It was established in 1914. MIT Sloan’s MBA program is primarily known for its research facilities and expert faculty members. The school focuses on action-oriented learning. Students are motivated to develop and improve their skills through gaining experience.

    Students can pursue certifications in various fields such as healthcare and sustainability. Further, the graduates here have a 95.5% employability rate. That is the reason it is considered one of the top universities in the world. The QS Quacquarelli Symonds also acknowledges the university and thus deserving its place in the top 10 universities in the world for MBA.

    Course duration – 2 consecutive years

    Tuition fees – $77,168

    Class profile – 484

    Average starting salary – $144,140

    2. Penn (Wharton)

    top 10 mba colleges in world - INSEAD

    Wharton School is known for its dynamic class profile and learning environment. The program primarily emphasises intensive core education focusing on business studies. For this reason, students can enhance their fundamental growth.

    The programs offer a choice of customisation with its core modules and about 200 electives. The program’s extensive curriculum, career guidance, and study modules have resulted in an employability rate of 98.5%. Thus, deserving a spot in the top universities in the world, and has been ranked 2nd in the QS World University Rankings and thus deserving its place in the top 10 universities in the world for MBA.

    Course duration – 21 months

    Tuition fees – $115,432

    Class profile – 916

    Average starting salary – $150,000

    1. Stanford Graduate School of Business

    top 10 mba colleges in world - HBS

    The Stanford Graduate School of Business is known for its customizable MBA program. It is also considered one of the top universities in the world. Thus, it enables students to select electives and courses. Moreover, students can also pursue a joint or dual degree.

    Another unique feature of this school is their Global Experience Requirement program. The program allows students to experience working and studying abroad for a minimum of 10 days. Therefore, enabling them to gain much international experience. The University is also very famous and is ranked 1st in the QS World University Rankings and thus deserving its place in the top 10 universities in the world for MBA.

    Consequently, the program has an employability rate of 91%.

    Course duration – 2 consecutive years

    Tuition fees –$119,964

    Base salary – $156K

    Planning to pursue an MBA ?
    Then don’t forget to Check: 10 Steps Towards Creating the Perfect MBA Resume for Top MBA schools

    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, chances of getting wrong with the given list of b-schools are very less.

    Nevertheless, considering your preferences and having a customized application that highlights your achievements and overshadows your weakness is of utmost importance.

    Alternatively, if you are a young grad or do not have much work experience, you should go for a Masters in management program. We hope we provided you with all the necessary details for the top universities for MBA in the world.

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