10 Best Business Schools (MBA) in the World 2023-23 : Ranking

10 Best Business Schools (MBA) in the World 2023-23 : Ranking

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10 Best Business Schools (MBA) in the World 2023-23 : Ranking
Sahil Dahal

Deciding to attend one of the Best Business Schools in the world for an MBA is never easy, and choosing the correct university is even more difficult. MBA is a very prestigious and applicable degree program. At the same time, getting it from a reputed university is also equally important.

A business or management degree from an outstanding university gives graduates significant benefits. Advanced MBA graduates have the opportunity to pursue a high-paying profession or career. As they generate business executives and entrepreneurs, the top business schools in the world contribute to the growth of the global economy. The MBA graduates receive specialized training on managing issues and successfully running large enterprises.

This article lists the ten best business schools (MBA) in the world 2023-23 and the reasons students should consider enrolling in MBA programs based on return on investment, alumni outcomes, diversity, employability, and entrepreneurship.

Stanford University

Stanford University is a private research university with a remarkable $1.6 billion research budget founded in 1885. There are currently 20 Nobel laureates in the Stanford community. The MBA program at Stanford University describes its educational philosophy and digs more into the potential experiences students might have while enrolled in it.

The university provides financial help to more than 80% of undergraduate students enrolled in the MBA program, and the student-to-faculty ratio is an impressive 4:1. Also, the university is positioned second in the 2018 Q.S. World University Rankings.

Stanford Graduate School of Business is one of the best MBA schools in the country, and some of its graduates receive top salaries. As of 2021, 91% of job-seeking students at Stanford Graduate School of Business received offers within 90 days of graduation. With 34% of Stanford management graduates being hired in the "Finance" industry, it was the sector with the most placements.

Harvard University

MBA programs at Harvard University were initially introduced in 1908. While offering an MBA, Harvard places a strong emphasis on developing leaders. Harvard University provides a variety of online certificate programs taught by talented instructors.

At Harvard Business School, students are part of a worldwide community that encourages lifelong learning and career support, together with classmates, instructors, and staff that will push and encourage the students to identify and advance along their path.

The outstanding student-faculty ratio of 7:1 places Harvard Business School at the top among national universities for "Best Value." With more than 50 per cent of the MBA aspirants receiving scholarships in various categories is another university highlight. 

University of Pennsylvania - Wharton

The University of Pennsylvania Wharton is one of the world's most influential research and educational institutions. The university has over 4,000 active academic members and a $1 billion research budget. More than 95% of graduates land jobs within three months of their education.

The University of Pennsylvania Wharton is a business school emphasizing facts and figures. This university has performed better than many business schools in numerous rankings, including those published by BusinessWeek and the Financial Times. It is a highly sought-after university for MBA programs because it ranks 5th best in the U.S. News & World Report. In addition, the average wage in the United States, which is $125,000, is among the highest in the world. Several well-known corporations hire Wharton graduates, like Deloitte, Goldman Sachs, and McKinsey.

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London Business School

The only business school outside of the United States to have achieved the top spot for its full-time MBA program is London Business School (LBS). The Financial Times (F.T.) has recognized the university as the top business school in Europe for four years.

The London Business School's 2021 MBA class found employment in 37 different countries, with the top employers being McKinsey & Company, Boston Consulting Group, Morgan Stanley, Citi, Amazon, American Express, Johnson & Johnson, Deloitte, Accenture, Goldman Sachs, Barclays, Google, Mastercard, Meta, Microsoft, and Wipro.

MIT - Sloan

The Sloan School of Management at Massachusetts Institute of Technology (MIT - Sloan) provides departments and concentrations in entrepreneurship, business analytics, economics, general management, health care administration, human resources management, industrial management, and many more.

The MIT Sloan School of Management MBA program, founded in 1861 AD, is regarded as one of the most outstanding MBA schools in the world. Within three months of graduating, job offers were extended to 95.9% of the 2021 MBA class in top industries in reputed categories like consulting, technology, and finance. Amazon, Amgen, Apple, Capital One, Deloitte Consulting, DraftKings, Google, HelloFresh, Rivian, SAP, Bain & Company, Facebook, IBM, and Ripple Labs were a few of the top employers.

INSEAD

The most crucial factors to consider while choosing an MBA program are whether or not the student will be satisfied there and whether or not the program will offer sufficient prospects for future success. INSEAD, sixth in the world, was the first university in Europe to offer an MBA program. 

This university broke with precedent by being the first to offer a one-year MBA program instead of the usual two-year curriculum. Its MBA program is well-known for emphasising entrepreneurship, employability, and leadership. It is also among the top business schools in the world for Europe. Every year, more than 11,000 executives participate in its executive education programs. In 2021, 92% of MBA students said that three months after graduation, they had at least one job offer.

University of Chicago - Booth

According to Q.S.'s 2018 Global MBA Rankings, The University of Chicago – Booth's full-time MBA program is placed 12th worldwide. It was ranked among the top 10 universities worldwide for helping overseas students with financial aid, making it a very favourable university for an MBA program.

As of 2021, 419 different companies hired Booth students full-time, meaning that 97.7% of graduates looking for work had full-time job offers within three months of graduation.

HEC Paris

HEC Paris offers a distinctive selection of business degrees, among which an MBA is the most crucial. The degree programs enrol a total of 4,500 students, while 500 enrol in summer school, and 8,000 participate in executive education courses each year at the university.

According to the Financial Times Global MBA rankings, the MBA program at HEC Paris is now rated 11th. After three months of graduating, 93% of the class of 2021 received job offers, and 69% of those graduates found employment outside their home countries.

I.E. Business School

Instituto de Empresa (I.E.) Business School is a rapidly expanding private academic institution founded in 1973 by academics and businessmen. The MBA program at the university is ranked 7th in Europe and 13th in the world according to the Q.S. Global MBA ranking.

The university is dedicated to supporting creativity and nurturing talent to mould tomorrow's top professionals. We give our students a truly global perspective better to equip them for the challenges of the future.

Columbia University Business School

At Columbia University, there are numerous departments and concentrations available. These include leadership, consulting, economics, finance, general management, healthcare administration, business analytics, and entrepreneurship.

Schools are ranked. The Best Business Schools list has Columbia University at number 8 according to their performance across several generally recognized quality indices. Additionally, 79.50 per cent of full-time MBA program alumni had jobs when they graduated, making it the best choice for the MBA program.

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