This article contains information on the rankings of the top 10 Business Schools in the world in 2023.
The word “Business” is not unfamiliar anymore as every Time and Harry is venturing into different businesses. On a daily basis, the Business world is getting tougher and more competitive. Sometimes I’m left to wonder what the world’s economy would have been like without business ideas.
Entrepreneurship has become the order of the day. People are quitting white collar jobs to set up businesses while those already in business are working hard for expansion. When it comes to business.
With the daily competition in the business world, people no longer rely on little business knowledge they have. There is no second place in business. The aim of every entrepreneur should be to top his or her game and the only way to achieve this is to move a step further to study an MBA degree at one of the best international business schools. To nurture and gain more professional knowledge in business, thousands of business schools have evolved in various parts of the world, leaving entrepreneurs with numerous options to go for.
Business is a blueprint for future development and economic growth across the globe. It is an integral part of the economy and that is why so much has been invested by different institutions across the globe to ensure that those studying business get the best education. That is why the content of this article is basically focusing on the top 10 business schools in the world.
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LIST OF TOP 10 BUSINESS SCHOOLS IN THE WORLD
Here is a list of the top ten business schools in the world and what you can expect on graduating from these institutions.
- Harvard Business School
- University of Pennsylvania: Wharton
- Stanford Graduate School of Business
- Insead
- Ceibs
- MIT: Sloan
- London Business School
- Columbia Business School
- HEC Paris
- University of Chicago:
1. HARVARD BUSINESS SCHOOL
One of the top 10 business schools in the world is the Harvard Business school.
It is one of the famous and the first one among the top 10 business schools in the world. It is located in Massachusetts, USA. But that doesn’t stop top performing students from other parts of the globe to study in this prestigious school.
Harvard is also occupying the number 1 position on the World University Rankings for Business studies. They have an employability ranking of 5, which implies that this university produce highly employable graduates
The quality of education is top notch, which makes it the best business school in the world. Graduates from this school are in high demand among employers in different fields ranging from finance to consulting firms across the globe such as Deloitte, KPMG, etc. This is why more than 80% of the graduates from this business school are able to find employment in the 3 months after graduation.
Harvard Business School has a high ratings on different aspects like economics corporate strategy, general management, entrepreneurship and finance and many others.
2. THE WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA
It is one of the top business schools in the world which is located in the USA and is ranked sixth in the 2021 ranking.
It is an elite global business school which has a Graduate Employability Ranking of 20 in terms of the QS World University Employability Ranking.
With Finance being the core field in business education, the school has been having outstanding performance as confirmed by the alumni of the University. On various occasions, they have been highly rated for different aspects of the programme such as international business, marketing statistics/quantitative methods and corporate strategy.
The University prices itself based on the high rankings and as such the school is seen as a business school where only the academically elite will be able to scale through.
3. STANFORD GRADUATE SCHOOL OF BUSINESS
This is one of the best-performing, high ranked and prestigious top business schools in the world. It is located in the United States but serves high quality education to students across the globe.
They rank 5th in the world in the QS World University ranking for business, 2023.
Also, they have a very high employability ranking of 2 of which 88% of their graduates successfully find employment within 3 months of graduation without much stress.
To know about the authenticity of the school’s performance, the testimonials from their alunmi says it all. Alumni of Stanford Business School ranked them highest for entrepreneurship, organisational behaviour and general management.
4. INSEAD- FRANCE/SINGAPORE
INSEAD ranks 2nd among the top 10 business schools in the world in 2023. It attracts excellent students from all parts of the world. The average GMAT score at INSEAD is 709.
INSEAD France has been ranked as the 2 best business schools in the world by QS World University Rankings 2023.
Like other business schools, the institution was highly rated by their alumni in the category of international business, corporate strategy and organisational behaviour,
5. CEIBS
The China Europe International Business School only became popular in 2018. However, they have retained their position in the top 10 since then. The minimum GMAT score required for admission at CEIBS is 720.
They have a very high employability rate with 94% of the graduates finding employment within 3 months of graduation.
Unlike other institutions in the list, CEIBS has a low percentage of international students.
6. LONDON BUSINESS SCHOOL
London Business School is one of the top business schools in the world.
London Business School has established an excellent reputation for itself around the world; thus, attracting quality candidates from all parts of the globe. International students make up 94% of the total number of students attending classes at this business school.
84% of the faculty are from countries other than the UK. Graduates from London Business School get an average pay of around $171,000.
Female students make up 38% of the total number of students for MBA classes.
It is clear that this school is a force to reckon within the global scene. The alumni of 2016 rated them close to 10 for aspects of the programme such as finance, international business and organisational behaviour. Majority of the students have found employment in the finance or banking sector. An average GMAT of 730 would be ideal to get admission at London Business School.
You can check with our experts for more details on the application requirements and course options at LBS. There are several other institutions in the UK that are popular among Indians for business and management courses
7. SLOAN SCHOOL OF MANAGEMENT, MIT
One of the top 10 business schools in the world is Sloan School of Management, MIT. MIT Sloan started ranking in the list of top 10 business schools in the world since 2018. Their 3-year average rank is 8. The university is located in the USA and is part of the prestigious Massachusetts Institute of Technology.
94% students graduating from this university have been successful in finding employment in the three months following graduation. The average salary is at $195,300 and the salary percentage is on the rise. More than 50% of the people studying at MIT Sloan are international students.
International faculty make up 24% of the total number of faculty.
All of the faculty here have a doctorate. The alumni have given a rating close to 10 (out of 10) for different aspects of the programme such as entrepreneurship and statistics/quantitative methods. Majority of the class of 2016 are currently employed as senior managers or executives and are mostly part of the IT/Telecom sector.
8. COLUMBIA BUSINESS SCHOOL, COLUMBIA UNIVERSITY
Columbia Business School is one of the top business schools in the world.
This is one another high-performing institution from the United States that made it to the top 10 business schools in the world. It seems that schools based in United States have pre-eminence in the eyes of employers as compared to business schools in other parts of the globe. An average GMAT around 720 would be ideal if you are seeking enrolment in this business school.
With the current data available, 90% students from Columbia Business School are able to find employment in the first three months after graduation. Graduates from this university get an average pay of $203,147.
The class has more than 50% of international students. Female students account for 38% of the total number of students.
Majority of the students have found employment in the finance/banking sector.
9. HEC PARIS
This business school has had a major rise by making their way from ranking 21 in 2019 to 19 in 2020 and finally 9 in 2021.
With the major improvement in the performance of the school, it will not be wrong to say that the institution will remain in the top 10 in the coming in years to come. The average GMAT score required is comparatively lower compared to other top business schools, leaving the score at 690.
The alumni have given them a rating of more than 8 for majority of the aspects of the programme which include corporate strategy, entrepreneurship, finance, marketing and more. 92% of students have successfully found employment in no distant time upon graduation.
Their graduates are mostly employed in the e-commerce, finance/banking and consultancy sector.
10. THE UNIVERSITY OF CHICAGO, BOOTH SCHOOL OF BUSINESS
Booth School of Business is one of the top business schools in the world.
Located in the United States. They have retained their position in the top 10 of the list since 2013. Compared to other institutions, there is no minimum GMAT requirement for seeking admission in this institution. Which means that there is no restriction to getting admission
International students make up 42% of the total number of MBA students in this institution.
Like other business schools, BOOT has a high employability rate with their students securing employment within 3 months of graduation.
According to ratings from their alumni, the school is performing well in different aspects of the programme, ranging from accounting, economics, corporate strategy, finance, statistics/quantitative methods among others. Most of them are into the finance/banking sector.
CONCLUSION
While most of the institutions are based in the USA and the UK, there are other popular destinations like Australia, for business studies. Canada also has prestigious institutions offering business and management courses.
Don’t be disheartened if you cannot make it to the top 10 business schools in the world. This is just one method of ranking. There are a number of other institutions that offer interesting and innovative quality programmes in business. Here’s a list of business schools from across the world, that you can find on our site. If you need more help sifting through the list, reach out to our counsellors who have years of experience guiding students to their dream destinations.
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