If you are looking for a career in business management, you might be wondering which are the best business colleges in the world. You might also be curious about how to get admission in them, what are the fees, placements, and salaries, and what are the advantages of studying in them.
Well, you have come to the right place. In this article, we will tell you everything you need to know about the top 10 business colleges in the world. We will also give you some tips on how to crack the entrance exams and selection process. So, sit back and enjoy this article that will help you achieve your dream of studying in one of the best business schools in the world.
Top 10 Business Colleges
Harvard Business School
Harvard Business School is the undisputed number one business school in the world. Established in 1908, it has produced some of the most influential leaders and entrepreneurs in the world. Harvard Business School offers a two-year Master of Business Administration (MBA) program that is renowned for its case method of teaching and learning.
The MBA program covers core courses in various functional areas of business as well as electives that allow students to customize their curriculum according to their interests and goals. The MBA students also get to participate in various international exchange programs, field projects, and extracurricular activities.
Some of the key facts about Harvard Business School are:
- Year of establishment: 1908
- Fees: USD 146,880
- Average placement: USD 172,090
- Mode of admission: GMAT/GRE
- Website: Harvard Business School
Stanford Graduate School of Business
Stanford Graduate School of Business is another premier business school that ranks among the top three in the world. Established in 1925, it is known for its excellence in innovation, entrepreneurship, and social impact. Stanford Graduate School of Business offers a two-year Master of Business Administration (MBA) program that is designed to develop general management skills and leadership potential among the students.
The MBA program follows a flexible curriculum that allows students to choose from over 100 electives and tailor their learning experience according to their aspirations. The MBA students also get exposure to global business practices through various international opportunities and initiatives.
Some of the key facts about Stanford Graduate School of Business are:
INSEAD
INSEAD is one of the leading international business schools that has campuses in France, Singapore, Abu Dhabi, and San Francisco. Founded in 1957, it has a mission to create a diverse and inclusive academic community that fosters excellence in teaching, research, and social impact. INSEAD offers a one-year Master of Business Administration (MBA) program that is recognized for its global perspective and multicultural diversity.
The MBA program covers core courses in various domains of business as well as electives that allow students to specialize in their areas of interest. The MBA students also get to participate in various exchange programs, dual degree options, and career development services.
Some of the key facts about INSEAD are:
- Year of establishment: 1957
- Fees: EUR 89,000
- Average placement: USD 188,432
- Mode of admission: GMAT/GRE
- Website: INSEAD
London Business School
London Business School is one of the oldest and most prestigious business schools in Europe. Established in 1964, it has a vision to be a preeminent centre of excellence in management education, research, and consultancy. London Business School offers a two-year Master of Business Administration (MBA) program that aims to develop competent and ethical managers who can lead organizations in a dynamic and complex environment.
The MBA program covers core courses in various functional areas of management as well as electives that allow students to pursue their interests and goals. The MBA students also get to benefit from various academic collaborations and industry partnerships that enhance their learning and employability.
Some of the key facts about London Business School are:
- Year of establishment: 1964
- Fees: GBP 92,735
- Average placement: USD 177,234
- Mode of admission: GMAT/GRE
- Website: London Business School
University of Chicago Booth School of Business
University of Chicago Booth School of Business is one of the leading business schools in the US that has campuses in Chicago, London, and Hong Kong. Founded in 1898, it has a reputation for producing rigorous academic research and innovative teaching methods. University of Chicago Booth School of Business offers a two-year Master of Business Administration (MBA) program that is known for its flexible and analytical curriculum.
The MBA program allows students to choose from over 100 courses and customize their education according to their preferences and objectives. The MBA students also get to access world-class faculty, facilities, and resources that support their growth and development.
Some of the key facts about University of Chicago Booth School of Business are:
IESE Business School
IESE Business School is one of the top-ranked business schools in Spain that has campuses in Barcelona, Madrid, Munich, New York, and Sao Paulo. Established in 1958, it has a mission to create a positive and lasting impact on society through education, research, and service. IESE Business School offers a two-year Master of Business Administration (MBA) program that is designed to develop global leaders who can make a difference in the world.
The MBA program covers core courses in various domains of business as well as electives that allow students to specialize in their areas of interest. The MBA students also get to participate in various international immersion programs, case competitions, and social projects.
Some of the key facts about IESE Business School are:
- Year of establishment: 1958
- Fees: EUR 89,950
- Average placement: USD 166,811
- Mode of admission: GMAT/GRE
- Website: IESE Business School
Yale School of Management
Yale School of Management is one of the most prestigious business schools in the US that is part of Yale University. Established in 1976, it has a vision to educate leaders for business and society. Yale School of Management offers a two-year Master of Business Administration (MBA) program that is focused on developing integrated and responsible leaders who can address the complex challenges of the 21st century.
The MBA program covers core courses in various disciplines of management as well as electives that allow students to pursue their interests and goals. The MBA students also get to interact with eminent faculty, industry experts, and alumni through various seminars, workshops, and mentorship programs.
Some of the key facts about Yale School of Management are:
- Year of establishment: 1976
- Fees: USD 149,800
- Average placement: USD 186,887
- Mode of admission: GMAT/GRE
- Website: Yale School of Management
Northwestern University Kellogg School of Management
Northwestern University Kellogg School of Management is one of the top business schools in the US that has campuses in Evanston, Chicago, Miami, and other locations. Founded in 1908, it has a mission to inspire growth in people, organizations, and markets. Northwestern University Kellogg School of Management offers a two-year Master of Business Administration (MBA) program that is renowned for its collaborative and experiential learning approach.
The MBA program covers core courses in various functional areas of business as well as electives that allow students to customize their curriculum according to their interests and goals. The MBA students also get to participate in various global learning opportunities, leadership development programs, and career services.
Some of the key facts about Northwestern University Kellogg School of Management are:
CEIBS
CEIBS is one of the leading international business schools that has campuses in Shanghai, Beijing, Shenzhen, Zurich, and Accra. Established in 1994, it has a vision to be a world-class business school that contributes to the economic and social development of China and the world. CEIBS offers a two-year Master of Business Administration (MBA) program that is recognized for its China depth and global breadth.
The MBA program covers core courses in various domains of business as well as electives that allow students to specialize in their areas of interest. The MBA students also get to participate in various exchange programs, dual degree options, and career development services.
Some of the key facts about CEIBS are:
- Year of establishment: 1994
- Fees: CNY 428,000
- Average placement: USD 178,558
- Mode of admission: GMAT/GRE
- Website: CEIBS
HEC Paris
HEC Paris is one of the oldest and most respected business schools in France that has campuses in Jouy-en-Josas and Paris. Founded in 1881, it has a mission to shape the future of business and society through education, research, and innovation. HEC Paris offers a two-year Master in Management (MiM) program that is designed to prepare students for a successful career in various sectors and industries.
The MiM program covers core courses in various domains of business as well as electives that allow students to pursue their interests and goals. The MiM students also get to participate in various international exchange programs, dual degree options, and career development services.
Some of the key facts about HEC Paris are:
- Year of establishment: 1881
- Fees: EUR 45,100
- Average placement: USD 112,000
- Mode of admission: GMAT/GRE/TAGE MAGE
- Website: HEC Paris
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How to get admission in the top business colleges in the world
If you are interested in applying to the top 10 business colleges in the world, you need to know how to ace the entrance exams. Most of the business colleges in the world require you to take the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE) for admission. Some of them also have their own entrance tests such as TAGE MAGE, IELTS, TOEFL, etc. You need to score well in these exams and get shortlisted for the next rounds of selection.
The selection process for the top 10 business colleges in the world usually consists of the following stages:
- Essays: This is a stage where you have to write one or more essays on given topics within a limited word limit. The purpose of this stage is to assess your writing skills, personality, goals, and fit with the college.
- Recommendations: This is a stage where you have to submit one or more letters of recommendation from your academic or professional references who can vouch for your achievements, skills, and potential.
- Interviews: This is a stage where you have to face one or more interviews with the admission committee members or alumni who will ask you questions about yourself, your academic background, your work experience, your career goals, and your knowledge of current affairs. The purpose of this stage is to assess your communication skills, confidence, and suitability for the program.
The weightage given to each stage may vary from college to college, but generally, the entrance exam score has the highest weightage followed by the essays, recommendations, and interviews. You need to perform well in all these stages to secure your admission in the top 10 business colleges in the world.
Tips to crack the entrance exams and selection process
Here are some tips that can help you crack the entrance exams and selection process for the top 10 business colleges in the world:
- Start your preparation early: The entrance exams are usually conducted between September and January every year. You should start your preparation at least six months before the exam date. This will give you enough time to cover the syllabus, practice mock tests, and revise important topics.
- Choose your study material wisely: There are many books, online courses, coaching institutes, and websites that offer study material for the entrance exams. You should choose the ones that suit your learning style, budget, and convenience. You should also refer to the official websites of the exam conducting bodies and the colleges for updated information and guidelines.
- Focus on your strengths and weaknesses: The entrance exams test your aptitude in various areas such as quantitative ability, verbal ability, analytical writing ability, integrated reasoning ability, etc. You should identify your strengths and weaknesses in these areas and work on them accordingly. You should also practice time management and accuracy while solving questions.
- Prepare for essays, recommendations, and interviews: Apart from the entrance exam score, you also need to impress the selectors with your essays, recommendations, and interviews. You should prepare for essays by reading newspapers, magazines, blogs, etc., and writing essays on various topics. You should prepare for recommendations by choosing reliable and relevant references who can highlight your achievements, skills, and potential. You should prepare for interviews by researching about the college, program, faculty, alumni, etc., and preparing answers for common questions such as “Tell me about yourself”, “Why MBA?”, “Why this college?”, etc.
- Be confident and positive: The entrance exams and selection process can be stressful and challenging. You should not let that affect your confidence and positivity. You should believe in yourself and your abilities. You should also maintain a healthy lifestyle by eating well, sleeping well, exercising regularly, and relaxing occasionally.
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Conclusion
Studying in one of the top 10 business colleges in the world is a dream come true for many aspiring business leaders. It can open up many doors of opportunities and possibilities for your career and personal growth. However, it is not a walk in the park to get admission in these prestigious institutions. It demands hard work, dedication, and smart strategy.
You need to prepare well for the entrance exams and selection process and impress the selectors with your essays, recommendations, and interviews. You also need to be confident and positive throughout the journey. If you follow the tips given above and give your best shot, you can make it to one of the best business schools in the world. We wish you all the best for your future endeavors!
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FAQs
How are the fees of the top business colleges in the world calculated?
The fees of the top 10 business colleges in the world are calculated based on the tuition, living expenses, and other charges for the duration of the program.
What are the entrance exams required for admission to the top business colleges in the world?
The entrance exams required for admission to the top 10 business colleges in the world are mainly GMAT or GRE, which test your aptitude in various areas such as quantitative ability, verbal ability, analytical writing ability, integrated reasoning ability, etc.
What are the advantages of studying in a one-year MBA program versus a two-year MBA program?
You can save time and money by completing your degree faster.
You can return to the workforce sooner and leverage your skills and network.
You can avoid losing momentum and motivation by staying focused on your goals.
