Owing to the popularity of MBA programs, one can find several schools providing MBA specializations worldwide. Being an internationally recognized program, Master of Business Administration (MBA) focuses on ensuring their students' holistic development.
MBA is famously known as a managerial degree, thus focusing on a business's organizational aspects. MBA programs were first introduced and offered by US schools during the 20th century. However, with time, necessary changes have been brought to this program as per the respective industry developments. Today, universities worldwide provide this program.
How can MBA benefit your career?
MBA programs worldwide are famous
for their extensive curriculum and real-life business management experience.
Read along to know reasons as to why an MBA program can be worth your time and money.
- Career advancement opportunities: Most people consider MBA as the next step
towards promoting their career. It adds a new dimension to a person's
career by teaching them skills to work successfully in managerial
positions.
The most common skills taught to MBA students include but
are not limited to are leadership skills, strategic thinking, networking, and
communication skills.
- Networking opportunities: Business students are expected to develop
their networking skills. These skills allow them to promote themselves and
their business. Business schools encourage students to meet new
people.
Top B-schools often conduct various events, programs,
workshops to present their students with networking and skill development
opportunities. Moreover, students worldwide attend these schools, offering new
perspectives and experiences to their classes.
- Industry based learning: Professionals go for MBA programs to improve
their future perspectives by shift their sector or industry. MBA can help
you learn and adapt to different perspectives with its core modules and
courses.
MBA specializations can also assist these students in
gaining expertise in the new branch of study.
- Appreciating ROI: Although pursuing an MBA program can be
expensive, returns offered after these programs often cover this
cost.
Top
10 schools to target in 2021:
Pursuing MBA from top B-schools can prove to be the gateway towards your success.
Admitting to one of the elite schools could give you several advantages.
While choosing your program, you should consider several
factors such as college rankings, accreditations, class profile, diversity
factor, and placement rate. Amongst all these factors, college rankings are an
essential factor to consider.
Several world rankings tools can
help you select the best b-schools, such as QS World University Rankings, FT
Rankings, and The Economist. The QS World University Ranking: Global MBA
Rankings 2021 has provided a comprehensive list of top universities for
pursuing the MBA program. Here are the top MBA programs available across the
world:
1.
Stanford Graduate School of Business
●
Campus
location - Stanford, (CA), US
●
Duration
(Full-time MBA)- 2 years (21 months)
●
Types
of degree - Full-time MBA programs, Dual degree programs, Joint degree
programs.
●
Placement
rate - 91%
●
Distinguished
faculty members - Includes members of American Academy of the Arts and
Sciences, John Bates Clark Award winners, and Nobel Prize Winners.
●
Mandatory
participation in Global Experience program, multiple global programs,
international trips, internships, and independent study courses.
●
Exchange
program - Stanford Tsinghua Exchange Program or STEP
2.
Penn (Wharton)
A part of the celebrated Ivy
League, University of Pennsylvania, the Warton Business School was founded in
1881. It has an acceptance rate of 18% and accepts students with an average prior
work experience of about five years and a GMAT score of 722.
Highlights
●
Campus
location - Philadelphia campus (PA), US
●
Duration
- 20 months
●
Types
of degree - Full-time MBA programs, Dual degree programs, Joint Degree programs
●
Placement
rate - 98% (got job offers), 95% accepted offers.
●
Classroom
diversity - 41% female (6% LGBTQ+ students); 19% international students
●
Program
highlights - global consultation practicum, immersion program, modular courses,
4.0 credits, about 19 majors, core curriculum (including 5.5 electives)
3.
MIT (Sloan)
MIT Sloan's Full-time MBA program focuses on research and
practice-based studies. With an acceptance rate of 13.8%, admission to MIT
Sloan requires constant rigour and dedication from its applicants. On average,
AdCom at MIT (Sloan) accepts candidates with prior work experience of 5 years
with a median GMAT score of 720.
Highlights
●
Campus
location - Cambridge, (MA) US
●
Duration
- 2 years (24 months)
●
Types
of degree - Full-time MBA (STEM-designated program), Full-time Sloan Fellows
MBA program, Dual degree programs, Joint degrees
●
Placement
rate - 95.5%
●
Class
profile - 484 students, 38% female, 33% international students
●
Programs
- Certifications (healthcare, analytics, sustainability), customizable
programs, Research programs, MBA tracks, 144 electives.
4.
Harvard Business School
Another Ivy League school on the list, HBS or Harvard
Business School, is one of the oldest and most prestigious schools worldwide.
Harvard's Full-time MBA program has a stringent acceptance rate of 12%.
Students with prior work experience of an average of 4.7 years and with a GMAT
score ranging from 620 to 790 are admitted.
Highlights
●
Campus
location - Boston, Massachusetts, US.
●
Duration
- 2 years
●
Type
fo degree - Full-time MBA, Dual degree programs,
●
Class
Profile - 44% female, 33% international students
●
Multiple
publication resources
●
Placement
rate - 88%
●
Recruiting
partners - 600
●
Program
specifications - Entrepreneurship & innovation, Harvard i-Lab, Product
Development Dash (DASH), Field Immersion Experiences Leadership Development
(FIELD).
5.
HEC Paris
HEC Paris is another top international b-school located in
France's Jouy-en-Josas. Established in 1997, HEC's about 4000 graduate students
are either company founders, CEOs, or CFOs. The program specifically focuses on
developing the entrepreneurial skills of its students. About 25% of the
school's students open their businesses and companies’ post-graduation.
Highlights
●
Campus
location - Jouy en Josas, France
●
Duration
- 16 months
●
Placement
rate - 92%
●
Class
Profile - 290 students, 93% diversity
●
Program
specifications - weekly mentoring sessions, multiple on and off campus
Leadership seminars, MBA tournament (multisport), career centre services
Endnote
MBA is an excellent program in
terms of career growth and development. However, the admission procedure of top
MBA programs can be both time consuming and demanding. Apart from filling up
the application form consisting of well-crafted essays, one requires an
excellent GMAT/GRE score, English proficiency test score, and work experience
to enter this program. Thus, making this exam a tough nut to crack.
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