Year by year, business schools are getting more in demand allowing students to seek admission for higher level of management courses. Every country has top level business schools that prepare students to understand and stand out in the business world.
These business schools backed by state government are equipped with high-end study facilities which allow students the true level of entrepreneurship. Master of Business Administration (MBA) programme is extremely popular and is considered to be the stepping stone in the career.
Ranking is done through research and months of surveys that are conducted across each country. Be it in India, UK, USA or any other country, surveys are conducted to know the level of the B-School. The response from institutes, companies hiring students from institutes and alumni are tabulated to come up with the list. Moreover, the companies that recruits students from these institutes with packages are also taken into consideration.
This month long survey and research help students to consider pursuing MBA in any of these top business schools in world. Besides scoring, comparison is also being done between institutes regarding their standing from previous years.
Among all institutes around the world, 3 universities i.e. Harvard University, Stanford University and University of Pennsylvania have managed to remain on top of the business school list. The major boost that gives these institutes the top place is the skills and knowledge which is an important takeaway for students.
In Indian Institutes, IIM Ahmedabad has managed to retain its spot in top 10. Meanwhile, Indian School of Business and IIM Calcutta has dropped to top 20. Though these institutes have been the ladder for students to turn into entrepreneur and also get into the highest package work with top companies.
TOP 15 WORLD’S BEST BUSINESS SCHOOLS
1) Stanford Business School
Come under the administration of Stanford University, this is the best school in US. This business school has been ranked 2nd by Financial Times in both 2013 and 2014. It acts as feeder program for employment program to consultancies like- Boston Consulting Group and McKinsey. Moreover MBA graduates from Stanford University are picked by big giants including Google and Apple.
MBA programs from Stanford University Business School aims to create the environment of understanding global management issues. Some of the programs offered are: Global Financial Reporting, Debt Markets, International Financial Management, Building Innovative Brands etc.
The Financial Aid Office of Stanford University Business School reviews and awards financial aid for MBA admitted students. The fellowship aid, allows one-half of MBA students to receive fellowship funds and more than 2/3 borrow to finance MBA program. Each financial aid is need based and not being offered in merit based. However, if a student receives employer loans or sponsorship they are not eligible for Stanford GSB fellowship.
Stanford University GSB offers better opportunities for international students. University has seen the growth in graph of international students’ admission. University has setup different clubs including- Africa Business Club, Asian Society and Europe Club.
This business school comes under Columbia University and is in Manhattan, New York City. In 2013, this business school was ranked 5th by Financial Times and is well known for its cutting edge MBA curriculum that is designed keeping industry practice.
Columbia Business School offers Executive MBA and Non-Degree Executive programs. Each of these Full-Time MBA program is designed to prepare students for management environment.
Columbia Business School offers partial tuition funding for both domestic and international students. Columbia Business School sends financial aid packages in April for August-entry students and October for January-entry students and continues on a rolling basis until orientation. Amounts range from $5,000–$12,000 for those who qualify.
The university has International Students and Scholars Office (ISSO) providing essential guidance on visas, work authorization and family resource.
This is the most reputed business school in Spain and offers different MBA courses for domestic and international students. Ranked 11th by Financial Times the institute stands as No. 1 business school in Europe.
IE Business School offers different courses in MBA which is designed for management professionals looking forward to consolidate management experience. Programme offered are- International MBA, Part Time MBA, Executive MBA, Global Executive MBA and IE Brown Executive MBA.
IE Business School offers different programs for freshmen students and international students. For MBA seeking candidates separate financial aid applications are offered.
IE Business School allows admission for students coming from 80 countries every year. Institute offers courses in bilingual languages to help students coming from other countries to understand about the course.
Indian Institute of Management (IIM), Ahmedabad has been globally ranked 26th by Financial Times in 2013. The institute is well known for producing highly capable management students and offering high-paid package companies for its students. It was established in 1961 after IIM Calcutta.
IIM Ahmedabad offers PG Diploma in Management and Agri-Management, Fellowship Programme, One year PG Programme in Management for Executives, Faculty Development Programme and Armed Forces Programme.
IIM Ahmedabad offers various schemes that help in waving high-end fees. These include- Income Linked Tuition Fee waiver scheme, special programme Scheme, Industry Scholarships, Aditya Birla Group Scholarships and few others.
According to Forbes ranking, the university stands in 11th position worldwide and 13th by QS World University Ranking. Having its campus in Philadelphia, US, it has a strategic alliance with INSEAD in France and Singapore. The institute has a reputation for being selective, and for as per reports only 13% of Wharton MBA applicants have enrolled for 2014 class.
The MBA programs offered by university are: Marketing and Operations Management (Joint Major), Marketing Management Major and Non Major. The Non-Major course is designed for non-MBA candidates who wish to take Marketing Department course.
University offers broad range of fellowships and financial aids for MBA course seeking students. Some of them are: Joseph Wharton Fellowships, Howard E. Mitchell Fellowships, Forte Fellowships and Social Impact Fellowships.
University offers admission to international students and offers all the support for admission. The network is extended to 150 countries and considers TOEFL for the admission process.
This business school is a part of Hong Kong University of Science and Technology. It is the first business school in the region which was awarded by Association to Advance Collegiate Schools of Business and European Quality Improvement System. Financial Times has ranked it 8th in this 2013 ranking table.
Hong Kong UST Business School offers Full-Time MBA, Part-Time MBA and Part-Time MBA Shenzhen. Each of the course is designed by experts from the business world. This helps students to get prepared to face real world of business.
HKUST offers financial assistance for students seeking MBA course. Scholarships offered by the university are- Postgraduate Studentship, Hong Kong PhD Fellowship Scheme and Government Student. Besides these programs, university offers number scholarship prizes on the basis of academic merit and the recommendations of a school or department.
This business school comes under University of Oxford, England. It is the learning centre of degree and PG course in business and management. In 2013, the full time MBA offered by this school ranked 24th but in 2014 it was raised by one level to 23rd position by Financial Times. It is believed that getting admission in SBS is quite competitive.
Said Business School offers MBA courses which are connected to Oxford University. Management courses offered are Oxford 1+1 MBA programme, Oxford Diploma in Financial Strategy, Oxford Diploma in Global Business, Oxford Diploma in Organizational Leadership and Oxford Diploma in Strategy and Innovation.
SBS under Oxford University offers different programme for students learning MBA from institute. These programs are: Oxford Pershing Square Graduate Scholarship, Said Foundation Women’s Scholarship (for Women), OBA (Australia) Boston Consulting Group Scholarship (Regional) and Skoll Scholarship.
According to the Financial Times this business school stands in the 9th position in 2014 ranking and is the second-oldest business school in US. This business school is the first in America that offers an executive MBA & a Business PhDs.
The business school offers Full Time, Evening, Weekend and Executive MBA courses. Each course is designed to prepare students in business and entrepreneurship.
Chicago Booth offers full and partial tuition awards for exceptional Full-Time MBA students. Scholarship offered are- Merit- based Awards, Chicago Booth Fellowships and Corporate Fellowships.
International students at Chicago Booth typically hold F-1 (foreign student) or J-1 (exchange visitor student) visas. This business school has four campuses on three continents, students who represent more than 50 countries, and an alumni network that spans more than 118 countries. International students are offered admission through the scores of TOEFL, Pearson Test of English (PTE) and IELTS.
This league business school is located in US and is being ranked 1st international among full-time business programs in both 2012 and 2013 by The Economist. The business school offers one degree, MBA along with other shorter programs.
Tuck School of Business offers only one degree, which is a 2yrs old MBA. Students have to undergo 32-week core First-year MBA students at Tuck undertake a rigorous 32-week and a specialized First Year Project.
Students applying for MBA course, through programs need to fill the International Application for Tuck School of Business Financial Aid form. Moreover, students need to fulfill other application process.
10) HEC School of Management
This business school of Paris Tech has been ranked as the best business school in Europe. As per the Financial Times ranking, this business school ranked 21st in 2013 and maintained its ranking in 2014 too. In the year, 2013 Financial Times HEC Paris is ranked No. 1 in Executive Education.
HEC School of Management offers both Part Time MBA and Full Time MBA. Part Time MBA offers participants a unique opportunity to enhance their knowledge base and maximize their leadership potential. The full time MBA course is of 16 months that benefits students to get connected with business world.
HEC School of Management offers L’Oreal funding for students to give assistance. The center will examine corporate, political, and social dimensions of leadership and promote research and innovation in management science.
11) Nanyang Business School
Ranked 38th position by Financial Times in 2014, this business school is known for its prestigious MBA course. The school is well connected with industry and business, both locally and internationally.
Nanyang Business School offers different MBA courses- Nanyang-Waseda Double MBA 14 month programme, Nanyang Executive MBA 1yrs programme and Nanyang Fellow MBA full time 1-yr course. Each of these course helps students to develop themselves in business world and get into entrepreneurship.
The business school offers scholarships for Singaporean and permanent resident of the country through its Spring Singapore Advanced Management Programme Scheme. Moreover, it also offers partial awards on competitive basis.
Commonly known as The Stern School is the top business school in New York, US. It ranks 17th position by Financial Times in 2014.
Stern School of Business offers Full Time MBA, Part Time MBA Manhattan, Executive MBA and TRIUM Global EMBA course. Each course helps students to understand the real scenario of business world.
Steyn School of Business offers Awards for full time MBA students under merit based procedure. The William R. Berkley program, Consortium Fellowship, Forte foundation grant and Toigo Fellowship are scholarships awarded for students fulfilling all eligibility criteria.
13) Indian School of Business
Ranked 36th by Financial Position in 2014, ISB is a well known business institute in India with campuses at Hyderabad and Mohali. Partnered with top other business school around the world, ISB is founded by some best business minded people.
ISB offers different MBA programs for students under different levels. Programme offered are- PG Programme in Management, PG Programme in Management for Senior Executives, Fellowship Programme in Management, Management Programme for Family Business and Executive Education.
ISB offers different Awards for students on need and merit basis. ISB also partners with several corporate to provide scholarships during the course of the academic year. Citibank and Novartis Group offer scholarships up to INR 6, 00,000. Indian Global award is introduced to offer 10 different positions from ten different international geographic areas.
14) Australian Graduate School of Management
This management institute is a section of Australian School of Business and its MBA full time program was ranked 48th in world by Financial Times in 2013 but has fallen down to 62nd position in 2014 . However, it is the No. 1 MBA program in Australia.
The institute offers 16 month full time MBA program, Part Time AGSM EMBA program, Part Time AGSM EMBA in Hong Kong, AGSM Graduate Certificate in Change Management and range of executive program.
AGSM offers different programs for Full time and Executive MBA students. AGSM MBA AGA award is awarded to AGA partners with the amount of $25,000. AGSM MBA Community Spirit award is awarded to successful full-time MBA applicants who can, through their experience and background, demonstrate significant community contribution with the award of $10,000-$25,000. AGSM MBA Excellence award is awarded to successful full-time MBA applicants who can demonstrate through their prior studies and working background excellence in both academic and professional achievement with the amount up to $25,000.
This business school is the oldest institute in South Africa and ranks 59th in 2014 by Financial Times. The programs offered by the institute aims to cover every aspect of management and business.
GSB offers different MBA courses that include- UCT MBA Programme- 11mnth, Executive MBA program for senior and executive leaders, Associate in Management, PG Diploma in Business Administration and Masters in Development Finance.
GSB in association with Bertha Centre for Social Innovation offers Bertha Scholarships giving opportunity to talented and innovative students to develop their ideas with mentors and create companies.
Business schools play an important role in this stepping stone and bring out the entrepreneurship quality from students.