For most of the Indians it’s a dream to afford a full time MBA in the top 10 MBA colleges in the world. But now, due to this age of massive information, people are getting better, smarter, earning more money and prioritizing their learning as their first goal to achieve. Thus, people who are in higher rung of the society are aiming for the top class business schools in the world which will be able to provide them with quality education, a worldwide recognition and employability in the any region of the world. So, they are ready to let go of a fortune to get the life time security of a magnificent career and amazing lifestyle.
Here in the following, we are articulating the details of the top 10 B-Schools in the world in the year 2015 with the hope that it would serve you in making an informed decision about your future career. Let’s dig in and see what’s in the store for us.
Harvard Business School, US
It is a private business school and the endowment is of US $3 billion. The number of MBA students who study here is 1859. The acceptance rate of students is quite good compared to other top notch B-Schools in the world; it is 12%. If you ever get an entry into HBS, know that your life and career has already got set; you just need to grow through the entire curriculum.
London Business School, UK
London Business School is one of the most prestigious B-Schools in the world. Kumar Mangalam Birla, Cyrus Mistry and a lot of famous people are alumni of this reputed business schools. LBS were established in 1964, much later than the HBS. The motto of this business school is – “To have a profound impact on the way the world does business” and it wouldn’t be over emphasis to say that it has significantly kept proving its motto with real, world class results.
It is a public business school and the endowment 96 million pounds. It’s accredited by AACSB and AMBA. There are 1905 post-graduate students who study here. Along with post-graduate degrees, it also provides executive programs to students who have industry experience. The highest salary fetched by a student who has passed out of LBS is US $155,754 per annum and the average salary of the students who complete their MBA from LBS is around US $154,147.
No matter what your goal is in business world, if you ever think to excel in your career, London Business School will help you set the sail. Once you get admission into this B-School, you will embark upon a journey which is very much unique and only one word will be blurted out of your mouth, yes it would be “incredible.”
University of Pennsylvania, Wharton, US
The third position is being taken by University of Pennsylvania, Wharton in the map of best B-Schools in the world. The acceptance rate of students who can study here is not as stringent as any other top notch B-School. Even the acceptance rate is more than Harvard Business School. It is 13.9%. This B-School was established in the year 1881 which makes it a 134 year old B-School. It is a private business school and since its inception its motto is to acquire “Knowledge for Action”.
There are 1671 post-graduates who study here. The B-School provides both MBA for full time students as well as for people who have work experience (Executive Programs). The highest salary of a student who has passed out of University of Pennsylvania, Wharton is around US $172,699 per annum. Whereas, the average compensation for all the students who have completed their MBA from University of Pennsylvania, Wharton is around US $171,543.
This B-School is certainly at par with its other counter parts. If you can afford to study here with your brilliance, certainly you should do so. Because very few B-School can reach the calibre of University of Pennsylvania, Wharton b-school.
Stanford Graduate School of Business, US
Stanford Graduate School of Business is one of the most famous and prestigious B-School in the whole world. From its acceptance rate it’s clear. Out of all students applying here to study MBA, only 6.8% students are allowed to take admission which is much lesser than any other renowned business school. The B-School was established in the year 1925, meaning it is now 90 year old.
It is a private business school and its endowment is US $1.3 billion. What sets this B-School is its faculty. Out of all faculties 3 are Nobel Prize Winner, 2 are John Bates Clark Award Winners, 15 are for American Academy of Arts and Sciences and 3 are of National Academy of Sciences. There are 816 MBA students currently studying in Stanford Graduate School of Business and 2284 students have been pursuing executive education.
The highest salary being fetched by an MBA student from this B-School is around US $178,929 per annum and the average salary per annum is around US $177,089 per annum. If you would like to study in one of the best B-Schools in the world, Stanford Graduate School of Business would certainly be among your preference.
It is the 5th best B-School in the world. Originally it was started by Harvard Professor Georges Doriot with Claude Janssen and Olivier Giscard d’Estaing. The money to build this B-School was provided by The Paris Chamber of Commerce. It was first established in the year 1957 and the since its inception it has held its excellent record of teaching its student about globalization and the combination of eastern and western culture.
This is a private business school and its endowment is US $185 million. Along with MBA programs, it also offers executive MBAs which are specifically designed for working professionals. There are three campuses of Insead all over the world. One is situated in France, another in Singapore and the newest one is in Abu Dhabi. Other than MBA and Executive MBA, it also offers Master degree in Finance and PhD.
The highest salary offered in placement of Insead is around US $155,546 per annum and the average salary is US $155,015. If you would like to expand your overview about how things work in business by applying both, the eastern philosophy and the western outlook, then you should choose Insead for your MBA studies.
Columbia Business School, US
Columbia Business School is one of most prestigious institutes in the world as of now. It was established in the year 1916 which will make it an almost 100 year old B-School. It is a private business school and the endowment is US $643 million. The campus of this beautiful b-school is situated in Manhattan and it has currently 1433 students pursuing post-graduation.
The MBA it offers is highly competitive and the rate of acceptance is more than a lot of top class business schools, 15%. But in no way there is any room for thinking that it’s not very strict in admitting students. Only brilliant students with excellent track record can take admission in Columbia Business School. Along with MBA, it also offers Executive MBAs for executives who have work experience in the industry.
The highest compensation that is being recorded from a pass out from Columbia Business School is US $170,849 per annum and the average compensation is around US $169,252 per annum. If you would like to get into a university which is holding its tradition, values and at the same time modern in offering effective pedagogy to its students for maximum learning, then Columbia Business School is a perfect fit for you.
IESE Business School, Spain
This is Spain’s most adorable business school till now and it is also one of the best b-schools to study in the world. Though it is not as popular as Harvard Business School or London Business School, it is certainly one of the most respected and prestigious institutes in the world. This B-School was established in the year 1958 and it is a private business school. There are 105 full time professors and 53 part-time professors who extract the best out of students who study here.
Along with MBA, it also offers Executive MBA and Global Executive MBA. There are 560 students who study MBA here. Along with that 520 students are currently pursuing their Executive MBA and 60 have been studying Global Executive MBA. The B-School is affiliated by the University of Navarra. The average compensation is around US $144,992 per annum which has been provided by the B-School to its students who have successfully completed their MBAs.
If you would like to equip yourself with practical applicability of business and would like to have a world view of how business works in Europe and in US, certainly IESE Business School is the place for you.
MIT, Sloan, US
Who has not heard about MIT? But most of the people don’t know that they provide a world class MBA as well. Now, according to the current study done by Financial Times, MIT Sloan is the 8th best b-school in the world. It was established in the year 1914. That means it is now a 101 year old business school. It is also a private business school and the endowment is of US $738 million.
MIT Sloan is one of the best producers of business minds. Black-Scholes Model, Solow-Swan Model and Theory X & Theory Y are few of the innovations made by students of MIT Sloan. The faculties of MIT Sloan are also one of its kinds. There are several Nobel Laureates who teach in MIT Sloan and also John Bates Clark Medal Winners.
The average compensation being paid to the students who pass out from MIT Sloan is around US $158,926 per annum which is by no means a small pay. If you ever would like to fulfil your dream of studying in one of the best B-Schools in the world, don’t miss MIT Sloan. It may change the whole direction of your life.
University of Chicago, Booth, US
It has started with a motto – “Let knowledge grow from more to more; and so be human life enriched” and since its inception in the year 1898, it has maintained integrity with whatever motto it has endeavoured to fulfil. It is a private business school and its endowment is around US $1.023 billion. A lot of students study post-graduation here in University of Chicago, Booth School of Business. The number is around 3140.
The B-school also has expanded their territory to London and Singapore by virtue of building additional campuses. By Economist, the MBA program at University of Chicago, Booth School of Business is ranked number one in the world. The average compensation being paid to the students who have passed out from this b-school is around US $161,289 per annum. If you would like to study in a low profile but world class institute, this b-school would be perfect fit for your MBA endeavour.
University of California, Berkley, US
Among all the top business schools in the world, University of California, Berkley is the one who allows far more students to study in their b-school than any other top notch b-schools. Yes, the acceptance rate of all the students who apply at University of California, Berkley is 18.1%. This was established in the year 1868 with a motto “Let there be light” and that light is yet to get dim.
This b-school has produced notable alumni who have brightened the path of the world with their gifts and crafts. One of them is Steve Wozniak who was one of the American pioneers of personal computers. It is a public research university and the endowment is of US $3.91 billion. There are 10,455 students who are pursuing post-graduation at this esteem b-school
The average compensation which is being provided to the students who have passed out of the MBA programs offered at University of California, Berkley is around US $158,518 per annum. If you think of brightening your business career with a touch of tradition and modern methods of teaching, applying at University of California, Berkley may be the most important thing you should do.