If you are considering getting an MBA, you should go to any of the top 100 MBA colleges in the world. Earning an MBA from a top business school is an ideal way to advance your career in the business industry.
The business industry is growing fast and becoming more competitive, you will need an advanced degree like an MBA to stand out. Earning an MBA comes with a lot of benefits like increased employment opportunities, and increased salary potential, and can help you build the skills required to succeed in the business industry.
An MBA can prepare you for management positions and other leadership roles in the business industry. MBA Graduates can also work in other industries, such as healthcare, technology, etc.
According to the U.S. Bureau of Labor Statistics, the outlook for jobs in management occupations is projected to grow by 9% from 2020 to 2030, about as fast as the average for all occupations, and will result in about 906,800 new jobs.
These statistics indicate that an MBA can increase your employment opportunities.
Table of Contents
What is MBA?
MBA, a short form of Master of Business Administration is a graduate degree that provides a better understanding of business administration.
An MBA degree can either have a general focus or specialize in fields like accounting, finance, or marketing.
Below are the most common MBA specializations:
- General management
- Finance
- Marketing
- Operations Management
- Entrepreneurship
- Business Analytics
- Economics
- Human Resources
- International Management
- Technology Management
- Healthcare Management
- Insurance and Risk Management etc.
Types of MBA
MBA programs can be offered in different formats, which are:
- Full-time MBA
There are two main types of full-time MBA programs: one-year and two-year full-time MBA programs.
A full-time MBA is the most common type of MBA program. In this program, you will have to attend classes full-time.
- Part-time MBA
Part-time MBAs have a flexible schedule and are designed for students who want to study and work at the same time.
- Online MBA
Online MBA programs can either be full-time or part-time programs. This type of program provides more flexibility and can be completed remotely.
- Flexible MBA
A flexible MBA is a hybrid program that allows you to take classes at your own pace. You can either take classes online, in person, on the weekends, or in the evenings.
- Executive MBA
Executive MBAs are part-time MBA programs, designed for professionals with 5 to 10 years of relevant work experience.
General Requirements for MBA Programs
Each business school has its requirements but below are the general requirements for MBA programs:
- Four-year Bachelor’s degree or equivalent
- GMAT or GRE Scores
- Two or more years of work experience
- Letters of recommendation
- Essays
- Proof of English language proficiency (for candidates who are not English native speakers).
Top 100 MBA Colleges in the World
Below is a table showing the top 100 MBA colleges and their locations:
List of the Best MBA Colleges in the World
Below is a list of the top 10 MBA colleges in the world:
- Stanford Graduate School of Business
- Harvard Business School
- Wharton School of the University of Pennsylvania
- HEC Paris
- MIT Sloan School of Management
- London Business School
- INSEAD
- The University of Chicago Booth School of Business
- Kellog School of Management
- IE Business School.
Top 10 MBA Colleges in the World with Fee Structure
1. Stanford Graduate Business School
Tuition: from $76,950
Stanford Graduate School is the business school of Stanford University, established in 1925. It is located in Stanford, California, United States.
Stanford Graduate Business School MBA Programs (H4)
The business school offers a two-year MBA program.
Other Stanford GBS MBA Programs:
Stanford Graduate Business School also offers joint and dual degree programs, which include:
- JD/MBA
- MD/MBA
- MS Computer Science/MBA
- MA Education/ MBA
- MS Environment and Resources (E-IPER)/MBA
Requirements for Stanford GBS MBA Programs
- A U.S. bachelor’s degree or equivalent
- GMAT or GRE scores
- English language proficiency test: IELTS
- Business Resume (a one-page Resume)
- Essays
- Two letters of recommendation, preferably from individuals who have supervised your work
2. Harvard Business School
Tuition: from $73,440
Harvard Business School is the graduate business school of Harvard University, one of the best universities in the World. It is located in Boston, Massachusetts, United States.
Harvard Graduate School of Business Administration established the world’s first MBA program in 1908.
Harvard Business School MBA Programs
Harvard Business School offers a two-year, full-time MBA program with a general management curriculum focused on real-world practice.
Other Available Programs:
Harvard Business School also provides joint degree programs, which include:
- MS/MBA Engineering
- MD/MBA
- MS/MBA Life Sciences
- DMD/MBA
- MPP/MBA
- MPA-ID/MBA
Requirements for HBS MBA Programs
- A 4-year undergraduate degree or its equivalent
- GMAT or GRE test scores
- English proficiency test: TOEFL, IELTS, PTE, or Duolingo
- Two years of full-time work experience
- Business Resume or CV
- Two letters of recommendation
3. The Wharton School of the University of Pennsylvania
Tuition: $84,874
The Wharton School of the University of Pennsylvania is the business school of the University of Pennsylvania, a private Ivy League research university located in Philadelphia, Pennsylvania, United States.
Established in 1881, Wharton is the first business school in the US. Wharton was also the first business school to offer an MBA program in Healthcare Management.
The Wharton School of the University of Pennsylvania MBA Programs
Wharton offers both MBA and Executive MBA programs.
The MBA program is a full-time academic program for students with fewer years of work experience. It takes 20 months to earn a Wharton MBA degree.
The MBA program is offered in Philadelphia with one semester in San Francisco.
The Executive MBA Program is a part-time program designed for working professionals, offered in Philadelphia or San Francisco. Wharton’s executive MBA program lasts for 2 years.
Other Available MBA Programs:
Wharton also offers joint degree programs, which are:
- MBA/MA
- JD/MBA
- MBA/SEAS
- MBA/MPA, MBA/MPA/ID, MBA/MPP
Requirements for The Wharton School of the University of Pennsylvania MBA Programs
- Undergraduate degree
- Work experience
- GMAT or GRE test scores
4. HEC Paris
Tuition: from €78,000
Founded in 1881, HEC Paris is one of the most prestigious elite higher Grandes Ecoles in France. It is located in Jouy-en-Josas, France.
In 2016, HEC Paris becomes the first school in France to gain autonomous EESC status.
HEC Paris MBA Programs
The business school offers three MBA programs, which are:
- MBA
The MBA program at HEC Paris is consistently ranked among the top 20 worldwide.
It is a full-time MBA program designed for professionals with an average of 6 years of work experience. The program lasts for 16 months.
- Executive MBA
EMBA is a part-time MBA program designed for high-potential senior managers and executives who wish to accelerate or transform their careers.
The Executive MBA program is the best EMBA program according to Financial Times.
- Trium Global Executive MBA
Trium Global Executive MBA is a part-time MBA program designed for high-level executive managers working in an international context.
The program is offered by 3 prestigious business schools: HEC Paris, New York University Stern School of Business, and London School of Economics and Political Science.
Requirements for HEC Paris MBA Programs
- Undergraduate degree from an accredited university
- Official GMAT or GRE Score
- Work experience
- Completed Essays
- Current Professional Resume in English
- Two letters of Recommendation
5. The MIT Sloan School of Management
Tuition: $80,400
The MIT Sloan School of Management, also known as MIT Sloan is the business school of the Massachusetts Institute of Technology. It is located in Cambridge, Massachusetts.
The Alfred P. Sloan School of Management was established in 1914 as Course XV, Engineering Administration, at MIT, within the Department of Economics and Statistics.
MIT Sloan MBA Programs
The MIT Sloan School of Management offers a two-year full-time MBA program.
Other Available MBA Programs:
- MBA Early
- MIT Sloan Fellows MBA
- MBA/MS in Engineering
- MIT Executive MBA
Requirements for MIT Sloan MBA Program
- Undergraduate degree
- GMAT or GRE Scores
- A one-page Resume
- Work experience
- One letter of recommendation
6. London Business School
Tuition: £97,500
London Business School is consistently ranked among the top business schools in Europe. It also offers one of the world’s best MBA programs.
London Business School was founded in 1964 and is located in London and Dubai.
LBS MBA programs
London Business School offers a full-time MBA program designed for people who have gained some high-quality work experience but also are at a relatively early stage in their careers. The MBA program takes 15 to 21 months to complete.
Other Available MBA Programs:
- Executive MBA London
- Executive MBA Dubai
- Executive MBA Global; offered by London Business School and Columbia Business School.
Requirements for LBS MBA Programs
- Undergraduate degree
- GMAT or GRE Scores
- Work experience
- A one-page CV
- Essays
- English proficiency tests: IELTS, TOEFL, Cambridge, CPE, CAE, or PTE Academic. Other tests will not be accepted.
7. INSEAD
Tuition: €92,575
INSEAD (Institut Européen d’Administration des Affaires) is a top European business school with campuses in Europe, Asia, the Middle East, and North America. Its main campus is located in Fontainebleau, France.
Established in 1957, INSEAD was the first European business school to offer an MBA program.
INSEAD MBA Programs
INSEAD offers a full-time accelerated MBA program, which can be completed in 10 months.
Other Available MBA Programs:
- Executive MBA
- Tsinghua-INSEAD Executive MBA
Requirements for INSEAD MBA Programs
- Bachelor’s degree or equivalent from a recognized college or university
- GMAT or GRE Scores
- Work experience (ranging between two to ten years)
- English language proficiency tests: TOEFL, IELTS, or PTE.
- 2 letters of recommendation
- CV
8. The University of Chicago Booth School of Business (Chicago Booth)
Tuition: $77,841
Chicago Booth is the graduate business school of the University of Chicago. It has campuses in Chicago, London, and Hong Kong.
Chicago Booth was founded in 1898 and was accredited in 1916, Chicago Booth is the second-oldest business school in the US.
Chicago Booth MBA Programs
The University of Chicago Booth School of Business offers an MBA degree in four formats:
- Full-time MBA
- Evening MBA (part-time)
- Weekend MBA (part-time)
- Global Executive MBA Program
Requirements for Chicago Booth MBA Programs
- Undergraduate degree from an accredited college or university
- GMAT or GRE Scores
- English language proficiency tests: TOEFL, IELTS, or PTE
- Letters of recommendation
- Resume
9. IE Business School
Tuition: €50,000 to €82,300
IE Business School was founded in 1973 under the name of Institute de Empresa and since 2009 is a part of IE University. It is an undergraduate and graduate business school located in Madrid, Spain.
IE Business School MBA Programs
The IE Business School offers an MBA program in three formats:
- International MBA
- Global Online MBA
- Tech MBA
The International MBA is a one-year, full-time program, designed for business professionals and entrepreneurs with a minimum of three years of work experience.
The Global Online MBA program is a part-time program designed for rising professionals with a minimum of 3 years of relevant professional experience.
It is a 100% online program (or Online and In-person), which can be completed in 17, 24, or 30 months.
The Tech MBA program is a one-year, full-time program based in Madrid, designed for professionals who have earned a bachelor’s degree in a STEM-related field.
It requires a minimum of 3 years of full-time work experience in any type of industry.
Other Available MBA Programs:
- Executive MBA
- Global Executive MBA
- Executive MBA In-person (Spanish)
- IE Brown Executive MBA
- Dual degrees with MBA
Requirements for IE Business School MBA Programs
- Bachelor’s degree from an accredited university
- GMAT, GRE, IEGAT, or Executive Assessment (EA) Scores
- Relevant professional work experience
- CV/Resume
- 2 letters of recommendation
- English language proficiency tests: PTE, TOEFL, IELTS, Cambridge Advanced or Proficiency level
10. Kellogg School of Management
Tuition: from $78,276
The Kellogg School of Management is the business school of Northwestern University, a private research university located in Evanston, Illinois, United States.
It was established in 1908 as the School of Commerce and was named J.L. Kellogg Graduate School of Management in 1919.
Kellogg has campuses in Chicago, Evanston, and Miami. It also has global network campuses in Beijing, Hong Kong, Tel Aviv, Toronto, and Vallender.
Kellogg School of Management MBA Programs
The Kellogg School of Management offers both one-year and two-year full-time MBA programs.
Other Available MBA Programs:
- MBAi program: a full-time joint degree from Kellogg and McCormick School of Engineering
- MMM program: a dual degree full-time MBA (MBA and M.S. in Design Innovation)
- JD-MBA Program
- Evening & Weekend MBA
- Executive MBA
Requirements for Kellogg School of Management MBA Programs
- Bachelor’s degree or equivalent from an accredited college or university
- Work experience
- A current Resume or CV
- GMAT or GRE Scores
- Essays
- 2 letters of recommendation
Frequently Asked Questions
An MBA program is a full-time one-year or two-year program designed for people with less work experience. WHILE. An Executive MBA (EMBA) Is a part-time MBA program designed to educate professionals with at least 5 years of work experience.
Generally, it takes from one to five academic years to earn an MBA degree, depending on the type of MBA program.
The cost of an MBA program can vary, but the average tuition for a two-year MBA program is $60,000.
According to Zip Recruiter, the average salary of an MBA graduate is $82,395 per year. What is the difference between MBA and EMBA?
How long does it take to complete an MBA program?
What is the average cost of an MBA?
What is the salary of an MBA holder?
We Also Recommend:
- Best Online MBA in India – Courses, Colleges, and Programs
- 10 Best Online MBA Programs
- 30+ Best Universities in Canada for MBA
- The 20 Best MBA Online Courses.
Conclusion
No doubt, earning an MBA is the next step for professionals who want to advance their careers. An MBA will prepare you for leadership roles, and provide you with the knowledge and skills needed to stand out in the business industry.
If getting a quality education is your priority, then you should attend any of the top 100 MBA colleges in the world. These schools offer top-quality MBA programs with high ROIs.
Getting into these schools is very competitive and requires a lot of money but quality education is guaranteed.
We have now come to the end of this article, do you find this article helpful? Let us know your thoughts or questions in the Comment Section below.
