Best MBA Colleges in the World

Best MBA Colleges in the World

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Bijay PoudelMon Dec 13 2021

Master of Business Administration or MBA is one of the most renowned degrees that students aim for after completing their undergraduate studies. This degree could be from 10 months to 3 years long depending on the university offering this program. 

Passionate students often target top Business Schools to pursue MBA. The best MBA Colleges in the world offers a rich, comprehensive curriculum, and sometimes even the best placements. 

However, getting entry into these universities is not an easy task. You need to stand out from thousands of applicants, in terms of work experience, SOP, Academic profile, References and aptitude test scores. 

You can pick from different majors like Accounting, finance, marketing, operations strategy, managing organizations, economics for the Master of Business Administration degree. 

Top MBA Business Schools in the World

According to QS World University Ranking for MBA Programs, these are the best MBA Universities in the world. 

Global Ranking

Universities/ Colleges

Location

1

Stanford Graduate School of Business

Stanford (CA), US

=2

Harvard Business School

Boston (MA), US

=2

Penn (Wharton)

Philadelphia (PA), US

4

HEC Paris

Jouy en Josas, France

5

Sloan School of Business and Management (MIT)

Cambridge (MA), US

6

London Business School

London, UK

=7

lE Business School

Madrid, Spain

=7

INSEAD

Paris, Singapore, France

9

Columbia Business School

New York (NY), US

10

IESE Business School

Barcelona, Spain

11

UC Berkeley (Haas)

Berkeley (CA), US

12

Chicago (Booth)

Chicago (IL), UK

=13

Esade Business School

Barcelona, Spain

=13

Said Business School (Oxford)

Oxford, United Kingdom

15

The University of California, Los Angeles (UCLA Anderson)

Los Angeles (CA) US

Best MBA Colleges in the world: Country Wise

Top MBA Schools in the USA

  • Stanford University
  • Harvard University
  • Duke University
  • Columbia University
  • New York University
  • MIT
  • Carnegie Mellon University
  • University of Chicago (Booth)
  • University of California- Berkeley (Haas)
  • University of Michigan-Ann Arbour

Top MBA Schools in Canada

  • University of Toronto
  • McGill University
  • Western University
  • Queen’s University
  • York University
  • University of Alberta
  • University British Columbia
  • Concordia University
  • Saint Mary’s University

Top MBA Schools in the UK

  • London Business School (LBS)
  • Cambridge Judge Business School (University of Cambridge)
  • Said Business School (University of Oxford)
  • Imperial College Business School
  • University of Warwick
  • Durham University Business School
  • City University of London Bayes Business School
  • Cranfield School of Management
  • University of Edinburgh Business School

Top MBA Schools in Australia

  • University of New South Wales
  • University of Melbourne
  • University of Sydney
  • University of Technology Sydney
  • Australian National University
  • Monash University

Best MBA Colleges in the World: Average Tuition Fees

University

Course duration

Average tuition fees (USD)

Stanford Graduate School of Business

2 years

119,964

Penn (Wharton)

21 months

115,432

MIT (Sloan)

2 years

77,168

Harvard Business School

2 years

73,440

HEC Paris

15 months

€ 78,000

INSEAD

10 months

€89,000

London Business School

21 months

£92,735

Columbia Business School

20 months

77,376

IE Business School

11 months

72,200

UC Berkeley (Haas)

21 months

106,348

Best MBA Colleges in the World: Average Starting Salary

The best MBA Colleges in the world boast very impressive employability rates and starting salaries for the graduates. This also increases the 

University

Employability rate

Average Starting Salary (USD)

Stanford Graduate School of Business

91%

156,000

Penn (Wharton)

98.5%

150,000

MIT (Sloan)

95.5%

144,140

Harvard Business School

90%

150,000

HEC Paris

92%

€107,453

INSEAD

92%

105,900

London Business School

91%

£83,295

Columbia Business School

90%

150,000

IE Business School

92%

93,264

UC Berkeley (Haas)

89%

140,000

Best MBA Colleges in the world: Admission Requirements

Documents Required for MBA Application in top universities

Applying to the MBA Program requires the following requirements. 

  • GRE/GMAT Scores
  • Professional Experience
  • Letters of Reference
  • Essays
  • Personal Information, Activities and Awards
  • Application fees (USD 150- 300)
  • Optional Short Answer Questions
  • Transcripts
  • English Language Proficiency Scores

English Test Scores

The minimum scores in English Tests such as IELTS, TOEFL differ from university to university offering the Master of Business Administration Program. 

Test

Minimum Score

TOEFL*

100-110 for the internet-based test (iBT**)

IELTS (Academic)

7.0 - 7.5 overall band score

PTE (Academic)

68-75 overall score

Best MBA Colleges in the World: Average GMAT Scores

GMAT Scores are an important part of evaluating a student’s profile prior to admission. Top MBA Universities either ask for GMAT Scores or equivalent GRE Scores as a mandatory part of admission requirements. 

Business School

Average GMAT Score

Stanford Graduate School of Business

733

Harvard Business School

725

Wharton (UPenn)

732

Chicago Booth

726

HEC Paris

682

MIT Sloan

716

INSEAD

703

Columbia University

715

IESE Business School

669

UC Berkeley Haas

715

UCLA Anderson

713

If you want to know about GMAT Exams, syllabus, registration and fees, check out this article on GMAT Exams

Best MBA Universities in the World: Top online MBA Programs

According to the Princeton review, these are the best online MBA Courses. The factors such as a combination of institutional and student survey data, including career outcomes, technological infrastructure, academic rigour, cost, and affordability, among others are considered for this ranking. 

University

Acceptance Rate

Total Tuition Fees

Average starting salary

Indiana University- Bloomington Kelley School of Business

36%

78,246

125,140

The University of North Carolina at Chapel Hill

55%

125,589

134,235

Carnegie Mellon University

56%

141,320

134,000

University of Florida

46%

59,807

150,505

The University of Southern California- Marshall School of Business

57%

109,428

189,154

Rice University

69%

112,330

123,786

University of Utah

75%

62,400

140,609

Arizona State University

59%

59%

103,711

Babson College

90%

91,815

88,337

IE University

69%

60,130

143,808

Best MBA Colleges in the world: Jobs after completing Master of Business Administration

Almost every industry, regardless of the type, hire MBA professionals in the marketing, management and finance departments. After completing a Master of Business Administration from the leading MBA Universities, students will be offered a placement with attractive salary packages. 

Depending on the specialization, one can expect to work on supply chain management, technology/ innovation management, health care management, customer growth and beyond. 

The leading companies worldwide which hire MBA graduates with attractive salary packages are: 

  • Microsoft
  • AT Kearney
  • EY/EY Parthenon
  • Accenture
  • Deloitte
  • Johnson & Johnson
  • PepsiCo
  • Google
  • Amazon
  • Bain & Company
  • McKinsey & Company
  • Boston Consulting Group

MBA jobs in Canada

Average salary per year in USD

Business Development Manager

182,000

General Manager

180,000

Manager

204,000

Project Manager

138,000

Business Advisor

141,000

Strategy Director

200,000

Chief Financial Officer

148,000

Executive Director

108,000

Financial Analyst

159,000

Marketing Manager

146,000

Operations Manager

111,000

 

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