Top 10 Most Prestigious Colleges for Business In The World Today
The world’s most prestigious business schools provide excellent education, cutting-edge programs, and exceptional opportunities for personal and professional development. These institutions are well-known for producing successful graduates who go on to make significant contributions in business. These institutions, which have a global reputation for excellence, attract students from all over the world, providing them with access to world-class faculty, cutting-edge research, and extensive networking opportunities.
A worthy candidate can earn anywhere between INR 35.8 Lakhs and INR 1.29 Crores after graduating from the world’s best business schools.
The United States is home to the world’s best business schools, including Harvard Business School, MIT Sloan, School of Management, and others.
Undergraduate students who have completed higher secondary school from a recognized board with at least 80% aggregate are eligible to apply to the world’s best business schools. Graduate students must have a 4-year Bachelor’s degree in a relevant field with a GPA of 3 or higher. Moreover, an IELTS score of above 7.0 is recommended.
Location: Philadelphia, Pennsylvania
Tuition: $77,500 per year (full-time)
Average starting salary: $127,300
Average GMAT score: 732
Accounting, business analytics, e-commerce, economics, entrepreneurship, ethics, finance, general management, health care administration, human resources management, insurance, international business, marketing, production/operations management, public policy, real estate, and quantitative analysis/statistics and operations research are some of the departments and concentrations available at the University of Pennsylvania’s Wharton School. Its tuition is $77,500 per year for full-time students and $214,800 for executive students. At graduation, 87.20 percent of full-time program graduates are employed.
Location: London, England
Average starting salary: $119,200
Average GMAT score: 701
The University of London’s business school is once again ranked as the best outside of the United States. With 75% of the world’s top-500 companies headquartered in London, the school serves as a recruiting and networking gold mine for a slew of multinational corporations, including Boston Consulting Group and McKinsey & Co. Students must graduate with a second-language proficiency in one of the 15 languages offered by King’s College London’s Modern Language Centre in addition to an MBA.
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3. Massachusetts Institute of Technology’s Sloan School of Management, US
Location: Cambridge, Massachusetts
Tuition: $84,200 per year
Average starting salary: $126,300
Average GMAT score: 716
The Massachusetts Institute of Technology is not only the best college in America, but it’s also home to one of the best business schools. The Sloan School of Management, which celebrated its 100-year anniversary last year, offers three MBA tracks: enterprise management, entrepreneurship and innovation, and finance. Sloan reported that 93% of 2014 graduates accepted job offers within 90 days of graduation at companies like Adobe, Microsoft, Google, and Facebook, and 7.4% of grads went on to start their own businesses.
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Location: Cambridge, Massachusetts
Tuition: $73,440 per year (full-time)
Average starting salary: $131,600
Average GMAT score: 725
Harvard Business School has the world’s oldest MBA program and is widely regarded as the best. However, its high tuition — $141,900 — and a solid but not exceptional job placement rate of 91% three months after graduation kept HBS out of the top two.
The school’s reputation with employers, as well as the HBS network of more than 44,000 living alumni, continue to make it one of the most coveted business schools for students. HBS has an unrivaled list of successful alumni, including politicians, CEOs, and billionaires: Former New York City Mayor Michael Bloomberg, former President George W. Bush, JPMorgan Chase CEO Jamie Dimon, former Massachusetts Governor Mitt Romney, Facebook COO Sheryl Sandberg, Blackstone CEO Steve Schwarzman, and HP Chairman Meg Whitman are among those who have spoken out against the company.
Location: Oxford, UK
Average starting salary: $87,700
Average GMAT score: 690
During their time at Oxford, MBA students gain a truly global perspective. For one thing, the cohorts are diverse — international students make up 95% of the class of 2016 — bringing perspectives from various cultures together. Furthermore, many students participate in student treks during their year at Oxford, where they travel to a specific part of the world for a week or two to meet potential recruiters and alumni, gaining firsthand knowledge of what it’s like to do business there. Previous classes have visited Dubai, Singapore, and Silicon Valley.
Tuition: $73,832 per year
Location: New York, New York
Average starting salary: $127,60
Average GMAT score: 715
Students begin building their business network and community the moment they arrive at Columbia, thanks in part to the school’s cluster system, which places first-year students in “clusters” of 65 to 70 people who take all of their core classes together. Columbia has also produced some of the most brilliant minds in finance, including Berkshire Hathaway CEO Warren Buffett and former Bank of America executive Sallie Krawcheck.
Location: Palo Alto, California
Tuition: $76,950 per year (full-time)
Average starting salary: $133,400
Average GMAT score: 733
Stanford, a perennial top-two business school, fell short of the top spot on our list primarily because its job placement rate, while still respectable at 86%, was lower than at many other top schools and 6 percentage points lower than the previous year. Stanford blamed the decline on students becoming “more selective.”
Graduates who did accept a job, on the other hand, command a hefty starting salary that covers the entire $132,150 cost of the two-year degree. Facebook, Yahoo, Yelp, and a number of other Silicon Valley-based tech companies are among the top employers.
Tuition: starting from $36,622 per year
Location: Fontainebleau, France
Average starting salary: $94,100
Average GMAT score: 701
INSEAD’s accelerated 10-month MBA program teaches students to lead and innovate across cultures, with campuses in France, Singapore, and Abu Dhabi. With tuition and fees of $69,700, INSEAD is one of the best-value business schools in the world. Last year, 42% of graduates entered the corporate job sector, and an increasing number of graduates accepted jobs in technology, with Amazon and Google both ranking among the top ten recruiters.
Location: Berkeley, California
Tuition: $67,424 per year
Average starting salary: $121,800
Average GMAT score: 715
The Haas School of Business, the second-oldest business school in the United States, was named after Walter Haas, a Berkeley undergrad who built Levi Strauss & Co. into the world’s largest apparel manufacturer before his death in 1979. The MBA classes at Haas are impressively diverse. Typically, more than 30% of each class is made up of women; last year, 37% of the class was made up of international students, and 36% of the students identified as minorities.
Location: New Haven, Connecticut
Tuition: $79,000 per year (full-time)
Average starting salary: $119,100
Average GMAT score: 713
Each MBA student at Yale’s School of Management must take a global studies course, with options including the International Experience course, Global Network Courses, Global Network Weeks, or spending the entire semester at an exchange partner school. According to Yale, 8.9% of the 2014 class was hired internationally, with approximately 30% of all graduates accepting jobs in finance and accounting.
The pursuit of quality education has never been more important, particularly for those seeking to advance their careers in business. The most prestigious colleges in business in the world have been ranked based on school reputation, tuition fees and quality of training programs as well as graduates.
Graduating from those schools, students will have a higher chance of obtaining high-paid business jobs.
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