An MBA degree from a world-class institute can set you up for a beautiful life ahead. MBA is one of the most sought-after courses in the world and it is so for a reason. If one completes a degree in MBA from a top class institute, then it is almost a guarantee of a bright future. Thousands of students from all around the globe come to the USA every year to study management from these prestigious institutes. Before applying in any business school, the students should thoroughly research all the options. The business schools in the United States have always been popular among all the B-school aspirants all over the world and thus, one has to face very stiff competition to get a place in one of these institutes.
The USA is home to many widely acclaimed business schools. Here are the top 10:
1. Harvard Business School
Not many people in the world would like to dispute the number one spot of Harvard University. Harvard Business School boasts the world’s oldest and most expensive MBA program, and it is very often also considered the best. There are innumerable reasons for the school to be popular among the aspirants. From the high average salary that the graduates get to the school’s reputation with the employers, from the world-class faculty to the network of over 46,000 living alumni… the list goes on. This school is one of the most coveted business schools for students. Because of the amazing success, the graduates of this university have achieved in almost every field, there is a sense of prestige attached with the name “Harvard University”.
2. Stanford University
Stanford University sits tight at the second spot in this list. It is another massive name in the field of management education. The Stanford Graduate School of Business offers a two-year full-time MBA program which focuses on all the main facets of general business management. It also offers a Ph.D. program.
3. The Wharton School
The Wharton School’s MBA program is the second most expensive in the country and also one of the best. The program might seem to be a bit too expensive but the high average starting salary, 96% of placement in the first three months of graduation and the amazing reputation of the school make the investment a very wise decision. The Wharton Business School was established in 1881 and was the first business school in the US. Today, it boasts one of the largest alumni networks among B-schools.
4. Booth School of Business, University of Chicago
The full-time MBA program of Booth School of Business is a bit unique in itself as the students undertake lab courses where they work with actual early-stage startups. This program focuses on preparing the students through experiential learning for real-life business scenarios. Every year, the school also calls guest lecturers from different companies.
5. Sloan School of Management
Sloan School of Management, Massachusetts Institute of Technology is at the fifth spot in this list. The school recently celebrated its 100th anniversary. There are three MBA tracks that the school offers to the students, and they are entrepreneurship and innovation, enterprise management and innovation. A huge percentage of the students accept job offers within three months of graduation. The school also boasts a very handsome average starting salary for its graduates.
6. Kellogg School of Management
The journey of this school began with the name Northwestern business school in the early 1990s. In 1979, the school received a $10 million donation from John L. and Helen Kellogg Foundation and then, this school acquired the name ‘Kellogg School of Management’. This is one of those schools that emphasize international experience and therefore, the international lab of the school pairs the students with the students of ESADE of Barcelona and the Hong Kong University of Science and Technology. The aim of the institute behind this is to develop strategies for solving real-world problems in international business. For students who already have a business background, the school offers a one year MBA program.
7. Columbia Business School
The name ‘Columbia Business School’ doesn’t really need any sort of introduction. With alumni like Warren Buffet, the school has always been known to produce some of the finest business minds. As soon as a student arrives at Columbia, the process of weaving a network and community within the business world begins. The credit for this goes to the school’s cluster system in which the first-year students are placed in clusters of 60-70 who take all their core classes together.
8. Tuck School of Business- Dartmouth College
This school has been imparting world class education to the students since 1990. There is only one program that this school offers, the full-time MBA. Most of the students of this college get placed in big-name companies within the first three months of their graduation. 96% of the class of 2016 had been successful in doing so. The students, after the first year of the program, gain a very beneficial experience through summer internships.
9. Haas School of Business, University of California at Berkeley
Haas School of Business is the second oldest business school in the United States. The institute is named after Walter Haas, who was an undergraduate at Berkeley and was the founder of Levi Straus & Co. and had literally grown this venture into the world’s largest apparel manufacturer. Haas school of business is known for the diversity among its students. For instance, in the class of 2016, 43% were women, 44% were international students and 26% were US minorities. Overall, the school is known for producing amazing graduates.
10. Yale School of Management
Yale School of Management is also one of the major business schools in the United States. It offers enrolment to only 250 students every year. Every student who takes up admission here is required to complete a global studies course. He has to choose among the International Experience Course, Global Network Courses, Global Network Weeks or spending a full semester at an exchange partner school. Many of the graduates of this college are hired internationally. The institute boasts a very high average starting salary for its graduates at approximately $135,000.