Top 10 MBA Colleges In The World
One of the most popular postgraduate programs worldwide is the MBA or Master of Business Administration. Everyone aspires to attend one of the best business colleges or universities in the world. For students with the right training, a large number of prestigious universities worldwide offer MBA programmes. Considering how much time and money you are willing to put into your studies is the first and most important step in selecting an MBA programme. The second step would be to select the appropriate program type that satisfies your needs.
Every year, numerous students apply to study for an MBA abroad at prestigious business schools to gain experience in global business. After earning their degree, students can pursue jobs in management in well-known companies with lucrative salaries and continue to advance in their careers. Are you trying to find the top MBA programmes worldwide? Check out this article to learn everything there is to know about business schools worldwide. Check out the top 10 MBA schools in the world list.
1. Stanford University
In 1885, Jane and Leland Stanford established Stanford University in honor of their only child, who died from typhoid. With about 555 students enrolled in its first year, Stanford University finally opened its doors in 1891. The university has also been ranked third in the QS rankings. In the most recent rankings of both national and international universities, Stanford University has been ranked third by U.S. News & World Report.
Through its seven schools, research centers, arts programs, and athletics, Stanford University's strengths can be seen. Stanford University has seven academic divisions, including schools for business, engineering, education, sustainability, law, humanities and sciences, and medicine. Stanford University offers more than 200-degree programs spread across seven schools.
The university offers undergraduate studies in 69 major fields. African studies, bioengineering, biology, chemistry, economics, electrical engineering, and other majors are a few options for undergraduate study. Stanford University offers both on-campus and off-campus housing options for its students.
The residential system at Stanford University provides incoming first-year students with housing on campus for 12 full or partial academic quarters. Students can look at the other housing options available for more lodging choices.
2. Harvard University
Established using a vote by the Great and General Court of the Massachusetts Bay Colony, Harvard - the first college in the US, was founded on September 08, 1636. The oldest institution of higher learning in the United States, Harvard University is a private Ivy League research university located in Cambridge, Massachusetts. It is among the most prestigious universities in the world.
A total of 57,786 people applied to Harvard College for the Class of 2025, and 2,320 of them were accepted into the university's various programs. International applicants made up about 15.6% of the applicants.
In terms of financial aid, the university provides both need-based and merit-based scholarships. Additionally, there are separate course-specific aids available for both UG and PG applicants.
When it comes to university housing, first-year Harvard College students reside in shared suite dorms close to Harvard Yard and eat at Annenberg Hall. Students are assigned to one of Harvard's 12 Houses at the conclusion of their freshman year. Between 350 and 500 students are housed in each House, which contributes to the development of a close-knit community within the University.
3. University of Pennsylvania
A group of 24 trustees, led by Benjamin Franklin, a future founding father of the United States of America, gathered to create a higher education institution in 1749. The Academy and Charitable School in the Province of Pennsylvania opened its doors in 1751 to children of both the aristocracy and the working class.
The University of Pennsylvania, also known as Penn University or Penn, went on to establish the first medical school in the American colonies in 1765, graduate its first class in 1757, and become the first higher education institution in the United States to be called a university in 1779 in the years that followed.
The Annenberg School for Communication, the School of Dental Medicine, the Stuart Weitzman School of Design, the Graduate School of Education, the Penn Carey Law, the Perelman School of Medicine, the School of Social Policy & Practice, the School of Veterinary Medicine, along with the four mentioned above, are among the 12 schools on one campus that teach graduate and professional programs.
Sansom Place and 12 undergrad College Houses make up the University of Pennsylvania's residential system. On campus, there are about 5,500 undergraduates. The distinct room types, amenities, and communities offered by The College Houses make it simple to choose the one that's best for you. Off-Campus Services can provide a list of hostels, student residences, bed and breakfasts, and hotels in the area, even though there is a severe lack of reasonably priced short-term housing close to campus.
4. HEC Paris
The Paris Chamber of Commerce and Industry established HEC Paris in 1881. HEC Paris University has attracted talented, ambitious, creative, entrepreneurial, ambitious, and open-minded people over its 130-year history. It is one of the top business schools in the world and a pioneer in management sciences education and research.
One of the biggest campuses in Europe belongs to HEC Paris University. It is a top-tier institution due to the sports, academic, and recreational opportunities offered to students. It acts as the ideal middle ground between the rural and urban worlds. The 340-acre campus is accessible by train from Paris and Versailles. In addition, La Defense, the largest business district in Europe and the location of the headquarters of numerous multinational corporations, is only a short drive away.
On the HEC campus, there are many clubs and associations. Additionally, HEC Paris' campus features first-rate indoor and outdoor facilities. One all-weather football field, tennis courts, an athletics track, and 10,000 square metres of outdoor fields are among them. There is a 24-hour learning center there as well, open seven days a week.
It provides readers with access to more than 70 databases covering all the subjects taught at HEC, both on and off campus. HEC Paris also offers a wide range of communication and information technology services to support students' time on campus. HEC Paris offers a wide range of programs, including 31 Executive Education programs, 2 MBA programs, 1 Ph.D. program, etc.
5. London Business School
Established in 1964, London Business School (LBS) is a reputable business institution. The London Graduate School of Business Studies was its last name. It has awarded MBA, Ph.D., management, and finance master's degrees for 50 years. The Federal University of London granted the school recognition and registration in 1965.
With renowned and top-notch business experts, LBS is one of the best business schools in the world, not just in the UK. One of the few institutions with triple crown accreditation is the top institution (AACSB, EQUIS, and AMBA). Students studying at the London Business Schools can choose from various student housing options.
Students are advised to reserve university and purpose-built housing in advance. Students who have received an admission offer letter can search for housing on the school's intranet site portal. The University of London Housing Services Office can assist with both short and long-term housing rentals. Furthermore, the cost would be determined by the size of the accommodation and the student's proximity to central London.
6. Massachusetts Institute of Technology
The Massachusetts Institute of Technology, a private research institute, was founded in 1861 with the motto "Mens et manus," or "mind and hand," representing the intersection of academic knowledge and practical purpose. The Massachusetts Institute of Technology was established on April 10, 1861, after the Commonwealth of Massachusetts granted an official charter.
The Civil War began two days after the incorporation. The Massachusetts Institute of Technology began classes in 1865. Ellen Henrietta Swallow was the first female MIT graduate. The beaver was chosen as MIT's mascot in 1914.
Courses at the Massachusetts Institute of Technology include Applied Science, Architecture, Business Administration, Analytics, Engineering, Finance, and many others. At the undergraduate level, there are 58 majors and 58 minors available. Graduate degrees are available from 50 departments and programs. The average undergraduate tuition fee for 2021-22 was $55,510 for 9 months.
7. IE Business School
IE Business School, formerly known as Instituto de Empresa, was founded in 1973 by three business people to provide top-tier training to aspiring entrepreneurs. It has received triple accreditation from the Association of MBAs (AMBA), the Association to Advance Collegiate Schools of Business (AACSB), and the EFMD Quality Improvement System (EQIS). The only business school has been housed at IE University since 2009.
The IE Business School campus is in Madrid's financial district, Barrio de Salamanca. It consists of 17 buildings and covers an area of approximately 28,000 square metres adjacent to and along Calle Maria de Molina. The campus has excellent infrastructure and a wide range of modern facilities.
The business school offers numerous bachelor's and master's degree programs in a variety of subjects, such as management, finance, international relations, and business administration.
It also offers doctorate, executive education, and summer programs, as well as MBA and executive programs with various concentration options. It has over 500 highly qualified faculty members, 28% of whom are women, and students from over 160 countries. The school maintains close ties with several prestigious foreign universities, including Yale University, Brown University, and Northwestern University in the United States, as well as Singapore Management University in Singapore.
8. Columbia University
Columbia University, founded in 1754 by George II of Great Britain, is a private research university and the fifth oldest institution of higher learning in the United States. Columbia University is one of the nine colleges founded before the American Revolution. The university was originally known as King's College before being renamed Columbia University in 1784.
According to 2021 university statistics and data, the University is known for its academic diversity, with approximately 40,000+ students and faculty members either teaching, studying, or earning there.
Columbia University's acceptance rate for Fall 2021 admissions was 4%. Columbia University received 63,318 applications for undergraduate admissions in 2021, of which only 2,577 were given an offer letter, but only 1,730 accepted the offer letter and enrolled. The acceptance rate at Columbia University has decreased by 2% since 2020 and 1% since 2019 admissions, with higher academic qualification standards resulting in tougher competition and, as a result, lower selection rates.
Columbia University has on-campus housing, which provides residential services to first-year and transfer and graduate students. First-year students are required to live on campus and can do so in one of five residential halls: Carman Hall, Furnald Hall, Hartley Hall, John Jay Hall, or Wallach Hall. Each hall can accommodate 200-300 students in single and double rooms at the same time.
INSEAD, a private business school, was founded in 1957. INSEAD stands for European Institute of Business Administration. In 1968, the university launched its first executive education program. The Ph.D. Program was established in 1989, and the university's development campaign began in 1995.
Furthermore, in 2013, the university launched the participant exchange agreement program, which is now known as the Student Exchange Program. INSEAD is well-known for its MBA programmes. The university evolved from an entrepreneur venture to an international university over time. The faculty's goal is to support and inspire students while also developing research theories that can make a significant difference in the world.
The university's main campus in France first opened its doors in 1967. The campus has two residences on-site and is also available to students taking short-term courses. This campus hosts seminars and conferences. The accommodation is well-kept and has all of the amenities that students require. Guy Calderon designed the residential buildings.
Additionally, the campus has a fitness centre that is open from 6 a.m. to 10 p.m. In addition, the campus library houses thousands of books and research papers. The university provides undergraduate and postgraduate degree programs, executive education, a doctoral program, and a certificate in the business foundation. The university's academic curriculum includes approximately ten language courses and various other subjects classified into various departments.
Organizational Behavior, Financial Accounting, Strategy, Corporate Policy, Operations Management, Macroeconomics, and Managerial Accounting are among the courses offered in the MBA program. The faculty also oversees the Executive MBA program, which is internationally recognized.
10. University of Illinois
The University of Illinois at Urbana-Champaign is a public research university in the Illinois cities of Urbana and Champaign. This university, founded in 1867, is a member of the Association of American Universities and is classified as an R1 Doctoral Research University by the Carnegie Classification of Institutions of Higher Education, indicating the highest level of research activity.
Since its inception, the university has achieved numerous accomplishments, including the development of the first practical light-emitting diode, the discovery of the third branch in the 'tree of life,' the development of the first browser for the World Wide Web, and contributions to the discovery of magnetic resonance imaging.
The University of Illinois at Urbana-Champaign has over 150 undergraduate programs, 100 graduate and professional programs, and 15 academic units.
Regarding research, the university is regarded as a world-class center for engineering and science. The University of Illinois at Urbana-Champaign encompasses 6,370 acres. It has four theatres and eleven indoor and outdoor sports facilities, including a soccer stadium, tennis centre, and golf course. This university's campus has been named one of the most 'disability friendly' in the United States.