For a lot of the world’s most powerful business decision-makers, getting an MBA from a top school is a rite of passage. Top business schools provide well-rounded education that gives students a better understanding of their passions and skills. They are also an amazing networking hub. You will leave your MBA program with a network of life-long friends.
Business schools are not created equal though. While some launch graduates into high flying and lucrative careers, others fail. Here is a list of the top business schools in the US:
Harvard University
Location: Cambridge, Massachusetts
Tuition and Fees: $75,400
Average GMAT score: 729
Average starting salary: $154, 000
Harvard’s MBA program is the oldest in the world. It’s also one of the best. Only five percent of applicants are admitted into the programs so that makes it extremely competitive. With its 46,000 alumni, high starting salaries and excellent reputation with employers, the school holds a coveted position among business schools. HBS is also known for its cadre of successful alumni that includes billionaires, CEOs, and politicians. Former president George W. Bush, Facebook COO Sheryl Sandberg, Former New York mayor Michael Bloomberg, and Blackstone CEO Steve Schwarzman are all graduates of HBO.
University of California, Berkeley
Locations: Berkeley, California
Tuition and fees: $57,600
Average GMAT score: 717
Average Starting Salary: $140,000
Haas School of business is the second oldest business school in the US. It’s also ranked as one of the best. The Haas MBA program puts a lot of emphasis on international experiences. Students are given an opportunity to learn how business is conducted in a global setting. Applied innovation is also a key part of the program. Students get to analyse and find solutions to real-world problems for actual clients. Haas also boasts of diversity. Almost half of the students in the program are international students and 26% are minorities.
University of Chicago
Location: Chicago, Illinois
Tuition and fees: $67,700
Average GMAT score: 726
Average starting salary: $147,500
Chicago’s Booth MBA is known for its courses that incorporate experiential learning, flexible curriculum, and lab courses. The program aims to equip students in thinking outside the box and in coming up with innovative solutions to real-world challenges.
Stanford University
Location: Palo Alto, California
Tuition and Fees: 66,600
Average GMAT score: 737
Average starting salary: $140,100
Stanford University has one of the best business schools on the west coast. What stands out about Stanford’s MBA program is its personalized curriculum. In the first year, MBA students start with global experiences and general management education courses. Global experiences help students learn about business in a global context. Global experiences include trips to other countries and global case studies.
Northwestern University
Location: Evanston Illinois.
Tuition and fees: $67,800
Average GMAT score: 728
Average starting salary: $141,700
Northwestern’s Kellog School of management focuses on international experience and experiential learning. Through its International Growth Lab, its students collaborate with those in the Hong Kong University of Science and those in ESADE in Barcelona in crafting solutions to real-world problems. For the top students with a business background, Kellog offers an accelerated MBA program that only takes one year.
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