Best MBA Colleges in the World and Their Rankings

Business schools across the board have faced a “slowdown” in the past couple of years. As tier 3 or 4 business schools face challenges due to the slowdown, the top 10 Business Schools stay unfazed.

Why?

Have you ever stopped to think why a business school in the top 10 business school list is different from the ones in the top 20 or the top 30? How is it that a “slowdown” affects the tier 3 or 4 schools and hardly makes a dent in the acceptance rates at top tier schools?

The answer is more than just the brand that the top 10 business schools have created for themselves.

Recruitments

Yes, the top 10 business schools in the world receive a better recruiter group than the remaining business schools. Just like top recruiters get to choose the cream of the class at a top school, a top school also gets to choose the cream of all recruiting organizations. But that isn’t the only way that recruitments make the top 10 business schools special. 

Career Impact staff at the top MBA colleges in USA have been noted to maintain close relations with top recruiters. The activeness of the CI staff doesn’t end here. They are known to pay close attention to each student by prepping them for recruitment and helping them network with the alumni since the very first day of school. 

Firms like Goldman Sachs, JP Morgan Chase, and Morgan Stanley are some of the top MBA recruiters with the highest paying jobs. These firms, tend to teeter between the top 10 business schools every year, leaving only a few slots for the top 20 or top 30 universities for MBA.

Recruitments are also easier for international students at a top business school. Finding organizations that sponsor a work vise like the H1B Visa for the United States, becomes much easier due to the volume of recruiters and the active Career Impact cells.

Resources

I feel just reading the list of things that set a top 10 school apart from the rest of the business schools would make one guess what the explanation could be. 

Without a doubt, the top 10 business schools in the world enjoy the best faculty for business education. The faculty at such schools is generally a mix of academics and top-level executives from various fields who either take guest lectures or hold seminars. 

These are schools that pioneer teaching methodologies, and projects such as MIT Sloan’s Action Learning Labs. These methods then trickle down to other business schools. 

Other than the faculty, the diversity of the MBA class is also an additional resource. Since the top b schools in the world enjoy their pick of the applicants, creating a diverse (culture, race, religion, lifestyles, social experiences, etc.). Dealing with a diverse set of individuals in their MBA education stimulates students to be innovative in their solutions while keeping “diversity in ideologies” as a factor. 

Another resource whose quality declines as business school ranks get higher is networking. Since top schools ensure the maintenance of a strong alumni network and have alumni placed in high-level jobs at corporate giants, the quality of networks that students get to make is much higher than a tier 3 school.

Scholarships and fundraising

Since the Top 10 business schools have created a brand for themselves, fundraising for scholarships is much easier. Most MBA programs from the top business schools, though do not provide full-ride scholarships, provides scholarships to about 50% of their students. 

At schools like Harvard, about 90% of the students get some form of scholarship. With tuitions for top business schools going over $200,000, these schools do not rely on the applicant to pay, in full, for their education. 

The sense of community and school spirit these schools instill in their students, many alumni also donate to the schools often. Just a few years ago, Ratan Tata donated $50 million to his alma mater Harvard, a top 10 US Business School.