MBA has always been considered as a degree of high stature, and when we speak about a global MBA program, we automatically think of universities like Stanford, Wharton, etc. Top MBA colleges in the world are known for being internationally recognized based upon several parameters like high ROI, a prominent education system, highly educated faculty, and rich employability opportunities. And, if you are looking to study at some of the top tier B-schools in the world, you are definitely at the right place, for we have brought you the list of top 10 MBA colleges in the world, along with their other salient features!
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Factors Considered while Ranking B-Schools
This year, 280 business schools were ranked, in 45 recognised study abroad destinations, on the basis of some competitive indicators like employability rates, average salary of graduates, class profile, etc. So what is it that makes some management schools stand out from others? Let us make you aware about the factors that are considered while ranking B-Schools on a global front:
- Excellent career opportunities: Employability is measured through the QS Global Employer Survey, wherein some of the best recruiters fill a survey to choose their favourite B-schools, to choose students from. Some employers who take part in this survey are: Facebook, Uber, Google, Bank of America, etc.
- High ROI: An extensive research on ROI is done, in order to come up with schools offering the best return on investment. Salaries before pursuing MBA are compared with the post MBA salaries. Also, the ROI considered is of 10- years.
- Entrepreneurship and Alumni Outcomes: Alumni Outcomes Index is used to analyse B-schools with more than 50,000 CEOs, at some of the greatest companies in the world including Apple, PepsiCo, JPMorgan Chase, etc. the entrepreneurship criteria, on the other hand is reported by B-schools themselves, and definitely considered of an utmost importance.
- Diverse student and faculty population: Percentage of women, percentage of nationalities, percentage of international faculty, and percentage women in business school faculty, are some parameters which are considered to be of the utmost importance while ranking some of the top MBA colleges in the world.
- Thought leadership: This parameter is used to measure reputation of the best B-schools across the world. Business school nominations, research impacts, and faculty with PhD degrees are some aspects considered while ranking according to this particular factor.
Suggested: A short guide to choosing the right MBA program!
Top 10 B-Schools in the World
Ranked and recognised on the basis of employability rates, ROI, diversity, and alumni outcomes, the 10 best business schools in the world are:
- Stanford Graduate School of Business
- Harvard Business School
- The Wharton School
- HEC Paris
- MIT Sloan School of Management
- London Business School
- INSEAD
- IE Business School
- Columbia Business School
- IESE Business School
Let us now know more about these 10 best management schools in the world, through the table below:
|
University/ B-School |
Average Percentage of International Students |
Average Tuition Fee for International Students |
Popular Programs Offered |
Duration of Programs |
|
Stanford Graduate School of Business, Stanford |
40% |
119,964 USD/ year |
Full time MBA |
2 years |
|
37% |
73,440 USD/ year |
Full time MBA |
2 years |
|
|
30% |
83,230 USD/ year |
Executive MBA Full Time MBA |
2 years |
|
|
Not available |
78,000 EUR/ year |
Executive MBA Full time MBA |
|
|
|
43% |
82,250 USD/ year |
Full time MBA Master of Finance |
|
|
|
London Business School, London |
>50% |
97,500 EUR/ year |
Full time MBA |
15-21 months |
|
IE Business School, Spain |
42% |
72,200 EUR/ year |
International MBA |
11 months |
|
Not available |
91,000 EUR/ year |
Full time MBA Executive MBA |
|
|
|
48% |
77,376 USD/ year |
Full time MBA |
2 years |
|
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IESE Business School |
Not available |
93,500 EUR/ year |
Full time MBA |
18 months |
Also Read: Cheapest countries to pursue MBA abroad!
To get selected at the top ten business schools in the world, it becomes really essential for you, as an international student, to demonstrate your complete potential through exemplary standardised test scores, outstanding LORs, SOPs, and a top-notch CV/ Resume, along with all the exams and eligibility to study MBA abroad. Some best MBA colleges in the world for Indian students, also require a prior work experience of 2-3 years. To get selected, in the likes of Stanford, Oxford, and Wharton, you may also be assessed on your complete personality, on a whole!
Frequently Asked Questions about Top MBA Colleges in the World
Ques. What are the top MBA colleges in the world?
Ans. Some of the best MBA colleges in the world are:
- Stanford Graduate School of Business
- Harvard Business School
- The Wharton School
- HEC Paris
- MIT Sloan School of Management
Ques. List some of the best countries to study MBA abroad.
Ans: Some of the best countries to study MBA abroad are:
- USA
- UK
- Canada
- Germany
- France
Ques. What are some factors considered while ranking the top 10 MBA colleges in the world?
Ans. Some factors which are considered while ranking the top 10 business schools in the world are:
- Employability rate
- Return on investment
- Entrepreneurship and alumni outcomes
- Thought leadership
- Diversity
Ques. What are the highest paying specialisations offered by the top 10 MBA schools in the world?
Ans. Some high paying specialisations offered by the top MBA colleges in the world are:
- Financial services
- Consulting
- Healthcare
- Technology
- Consumer packaged goods
Ques. Why should I study MBA at top 10 MBA schools in the world?
Ans. Some benefits of studying MBA at top ten MBA colleges in the world are:
- Set up an international business
- Make a global network
- Experience world-class academic facilities
- Get hold of a high ROI
- Experience the global market on a whole
- Get top paying jobs across the globe
Ques. When should I start with my MBA?
Ans. You can start with your MBA any time you feel like. Most importantly, you should have a bachelor's degree before commencing your MBA abroad.
Ques. What are the average MBA salaries in different countries?
Ans. The average MBA salaries in various countries are:
|
Country |
Average MBA salary |
|
US |
102,100 USD/ year |
|
Canada |
99,800 USD/ year |
|
Australia |
98,400 USD/ year |
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Switzerland |
123,000 USD/ year |
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France |
98,500 USD/ year |
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Germany |
77,200 USD/ year |