Best Schools in the World for Earning an MBA Degree Ranked for 2024

Badge for BEST FOR IN THE WORLD COLLEGES FOR
By Dave Tomar
Reviewed By Jenn Finley
Published:
Updated:

Key Takeaways

  • The MBA is one of the most popular graduate degrees in the world due to its versatility and the opportunities it provides for career advancement.
  • The best business schools in the world for earning an MBA are noted for their academic excellence, prestige, and influence.
  • We rank the best business schools in the world for prospective MBA students based on the real-world impact of professors, students and alumni.

See our complete guide to MBAs for more information.

Best Schools in the World for MBA Degrees

Sort by:
  1. Harvard University
  2. University of Oxford
  3. University of California, Berkeley
  4. Columbia University
  5. University of Cambridge
  6. University of Chicago
  7. Stanford University
  8. Yale University
  9. Massachusetts Institute of Technology
  10. University of Pennsylvania
  1. Harvard University
  2. University of Oxford
  3. University of California, Berkeley
  4. Columbia University
  5. University of Cambridge
  6. University of Chicago
  7. Stanford University
  8. Yale University
  9. Massachusetts Institute of Technology
  10. University of Pennsylvania
  1. Indiana University Bloomington 82%
  2. University of Massachusetts Amherst 64%
  3. University of Florida 23%
  4. University of North Carolina at Chapel Hill 17%
  5. University of California, Berkeley 11%
  6. University of Pennsylvania 7%
  7. Northwestern University 7%
  8. Yale University 5%
  9. University of Chicago 5%
  10. Stanford University 4%
  1. University of California, Berkeley 19 to 1
  2. University of Massachusetts Amherst 18 to 1
  3. University of North Carolina at Chapel Hill 17 to 1
  4. Indiana University Bloomington 17 to 1
  5. University of Florida 16 to 1
  6. University of Pennsylvania 8 to 1
  7. Harvard University 7 to 1
  8. Columbia University 6 to 1
  9. Northwestern University 6 to 1
  10. Yale University 6 to 1
  1. Columbia University $66,139
  2. University of Chicago $64,260
  3. Northwestern University $63,468
  4. University of Pennsylvania $63,452
  5. Yale University $62,250
  6. Stanford University $58,416
  7. Massachusetts Institute of Technology $57,986
  8. Harvard University $57,261
  9. University of Massachusetts Amherst $16,186
  10. University of California, Berkeley $11,564
  1. University of Chicago $65,145
  2. Massachusetts Institute of Technology $57,590
  3. Stanford University $56,487
  4. Harvard University $52,456
  5. Columbia University $52,016
  6. Northwestern University $51,869
  7. Yale University $46,900
  8. University of Pennsylvania $39,838
  9. University of Massachusetts Amherst $14,364
  10. University of California, Berkeley $11,700
  1. London Business School
  2. INSEAD
  3. Erasmus University Rotterdam
  4. University of Massachusetts Amherst
  5. National University of Singapore
  6. University of Florida
  7. University of North Carolina at Chapel Hill
  8. Indiana University Bloomington
  9. Northwestern University
  10. Tsinghua University
  1. London Business School
  2. INSEAD
  3. Erasmus University Rotterdam
  4. University of Massachusetts Amherst
  5. National University of Singapore
  6. University of Florida
  7. University of North Carolina at Chapel Hill
  8. Indiana University Bloomington
  9. Northwestern University
  10. Tsinghua University
  1. Harvard University 3%
  2. Massachusetts Institute of Technology 4%
  3. Columbia University 4%
  4. Stanford University 4%
  5. University of Chicago 5%
  6. Yale University 5%
  7. Northwestern University 7%
  8. University of Pennsylvania 7%
  9. University of California, Berkeley 11%
  10. University of North Carolina at Chapel Hill 17%
  1. Massachusetts Institute of Technology 3 to 1
  2. University of Chicago 5 to 1
  3. Stanford University 5 to 1
  4. Columbia University 6 to 1
  5. Northwestern University 6 to 1
  6. Yale University 6 to 1
  7. Harvard University 7 to 1
  8. University of Pennsylvania 8 to 1
  9. University of Florida 16 to 1
  10. University of North Carolina at Chapel Hill 17 to 1
  1. University of Florida $4,477
  2. University of North Carolina at Chapel Hill $7,019
  3. Indiana University Bloomington $10,012
  4. University of California, Berkeley $11,564
  5. University of Massachusetts Amherst $16,186
  6. Harvard University $57,261
  7. Massachusetts Institute of Technology $57,986
  8. Stanford University $58,416
  9. Yale University $62,250
  10. University of Pennsylvania $63,452
  1. Indiana University Bloomington $10,033
  2. University of North Carolina at Chapel Hill $10,552
  3. University of Florida $10,770
  4. University of California, Berkeley $11,700
  5. University of Massachusetts Amherst $14,364
  6. University of Pennsylvania $39,838
  7. Yale University $46,900
  8. Northwestern University $51,869
  9. Columbia University $52,016
  10. Harvard University $52,456

When it comes to business schools, global reputation can be very important. After all, earning an MBA from an elite institution like Harvard Business School or the University of Oxford can carry a lot of weight in the world of international business.

But how can prospective students choose the best business school in the world for their MBA?

See all your options are with a look at our University Rankings Guide. Otherwise, read on.

 

Why You Should Attend an MBA Program Through One of the Best Business Schools in the World

MBA programs are extremely popular for a reason. Business administration is a gateway to countless careers in the business sector. However, many of the top careers are highly competitive. Business leaders will typically earn their master’s degree in order to compete for top roles.

Attending a top school of business can significantly improve your chances of ascending to a leadership role and earning executive level pay. And in an increasingly global business landscape, international students may enjoy unique competitive advantages on the job market.

Indeed, many of the world’s best-paid chief executives are MBA graduates from top business schools with international accreditation. According to the Bureau of Labor Statistics, chief executives are among the best paid professionals in the labor market.

In the U.S., top executives earned a median salary of $179,520 in 2021. While a bachelor’s degree can technically qualify you for many roles in business, most of these elite leadership roles are held by those with an advanced business degree from a top business school with a fantastic global reputation.

Bottom Line: Earning an MBA at one of the best schools in the world can open numerous career opportunities, often in leadership roles.

Factors for Choosing The Best MBA Programs in the World

If you’re looking to attend one of the top business schools in the world, be sure you’re ready for a competitive admissions process and a challenging educational experience. Here are the factors that you need to consider when choosing from the best business schools for your MBA:

  • Accreditation: Accreditation is vital. It signifies that the school’s education is in compliance with the standards of the Department of Education and the accrediting body. A school must also be an accredited institution in order to offer federal financial aid to its students. This is especially important in business.

    • In addition to institutional accreditation, be sure your MBA is accredited by the Association to Advance Collegiate Schools of Business (AACSB). This national board provides programmatic accreditation, which is an important mark of credibility and academic excellence for the master’s of business administration degree.

  • Triple Crown Accreditation: Many elite global business schools hold a special distinction called Triple Crown Accreditation. This distinction is reserved for only the most select international business school programs and has been awarded to less than 1% of all MBA programs in the world. This denotes accreditation from three leading global business accreditation councils:
    • Association to Advance Collegiate Schools of Business (AACSB) in the U.S.
    • Association of MBAs (AMBA) in the U.K.
    • EFMD Quality Improvement System (EQUIS) in Europe
  • Cost: It is worth noting that while the majority of these top business schools fall on the higher side of the cost spectrum—topping between $50,000 and $80,000 per year in tuition—many offer generous need based financial aid to those who do qualify for admission.
  • Financing Options: Accredited colleges and universities will offer financial aid options including grants, scholarships, and loans for students who qualify. Some will also offer work-study programs. However, availability of financial aid may vary. For instance, in the U.S. this financial aid is reserved only for U.S. citizens.
  • Course Delivery: Some of the best business schools in the world provide students an array of learning pathways including a combination of online and in-person educational options. Most online MBA programs are delivered in one of three different ways: synchronous (live online classes), asynchronous (classes that can be attended anytime), and blended or hybrid (a mix of both synchronous and asynchronous).

    • Find out what kinds of course delivery options are available through these prestigious international business schools.

Learn how to find accredited online MBA programs.

Students taking notes

How MBA Students Can Find The Best Graduate School Degree Programs

Top business schools will typically be highly reputable as well as highly influential. MBA rankings published by sites like U.S. News & World Report place a heavy weight on reputation surveys alongside factors like acceptance rate and graduation rate.

By contrast, Academic Influence measures excellence with a unique metric called Influence. Influence-based MBA rankings spotlight the real-world impact of a school’s students, alumni, and faculty members.

The resulting ranking does reflect some of the same outcomes as the annual U.S. News rankings. For instance, top business schools like University of Pennsylvania’s Wharton School, the Columbia Business School, The Northwestern University Kellogg School of Business, and other highly prestigious business schools rank both for reputation and Influence.

20 Best Business Schools in the World for Earning an MBA

  1. #1

    Harvard University

    Cambridge , MA
    #1 America's 15 Most Technologically Advanced Colleges #1 Best Universities in the US Ranked for Prospective Students in 2024 #1 Online Colleges with the Most Generous Financial Aid in 2024 #1 50 Best Graduate Schools Ranked for Prospective Students in 2024
    Other Rankings

    Tuition + fees

    $57K

    Acceptance

    3%

    Graduation

    98%

    Student body

    39K

    Median SAT/ACT

    1535/35

    Career Outlook for MBA degree at Harvard University

    Cost of Degree: $53,760
    Expenses: $26,277
    Starting Salary: $189,796
    Salary after 4 years: $232,442
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
    What is Harvard University known for?

    Harvard University’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Harvard University?

    Harvard University is the oldest institution of higher learning in the U.S. Founded in 1636, the Cambridge, Massachusetts-based private research university consistently places at or near the top of both national and world rankings.

    A member of the vaunted Ivy League, Harvard’s more than $50 billion endowment makes it the wealthiest academic institution in the world. Harvard uses much of this endowment to create opportunities for eligible students with financial need.

    Harvard University’s prestigious Harvard Business School was founded in 1908 and consistently ranks as one of the top business schools in the world.

    • Harvard University is great for students who:

      Are at the top of their class. Harvard ranks annually as the most selective university in the nation.

    • Harvard University might not be the best fit for students who:

      Don’t enjoy a competitive environment. Harvard students often compete aggressively for grades and opportunities.

    Compare school
  2. #2

    University of Oxford

    #2 Best Universities in the World 2024
    What is University of Oxford known for?

    University of Oxford’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about the University of Oxford?

    The University of Oxford in Oxford, England may be able to trace its roots to formal instruction occurring as early as 1096. This would make it the oldest university in the English-speaking world. At nearly 1000 years old, Oxford has both a storied legacy and a high degree of global prestige as a research university today.

    University of Oxford serves an estimated 25,000 students, and is almost evenly divided between undergraduate and graduate students.

    Oxford’s Saïd Business School, formed in 1996, is noteworthy for the prestige of its MBAs and master’s in economics, finance, management, and more.

    • University of Oxford is great for students who:

      Are seeking a degree with an unparalleled reputation. A degree from Oxford can pave the way to top professional opportunities in any field.

    • University of Oxford might not be the best fit for students who:

      Are not among the top ranking students in their class. Oxford is among the most selective universities in the world.

    Compare school
    3. Students in a lecture hall
  3. #3

    University of California, Berkeley

    Berkeley , CA
    #1 50 Best Public Colleges and Universities Ranked for Students in 2024 #1 Most Affordable Colleges and Universities in the U.S. 2024 #1 50 Best Public Grad Schools 2024 #1 Best Value Colleges and Universities Ranked for Students in 2024
    Other Rankings

    Tuition + fees

    $14K

    Acceptance

    11%

    Graduation

    94%

    Student body

    48K

    Career Outlook for MBA degree at University of California, Berkeley

    Cost of Degree: $14,476
    Expenses: $28,648
    Starting Salary: $123,871
    Salary after 4 years: $152,589
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
    What is University of California, Berkeley known for?

    University of California, Berkeley’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about the University of California, Berkeley?

    University of California, Berkeley is the flagship campus in the University of California system. With fourteen colleges, undergraduate and graduate students can choose from more than 350 unique degree programs.

    The University of California, Berkeley is also renowned for its state of the art research facilities. This means that Berkeley continues to draw highly influential professors in areas like science, math, and engineering.

    UC Berekely’s Haas School of Business was founded in 1898, which makes it the very first public business school in the United States.

    • The University of California, Berkeley is great for students who:

      Enjoy the experience of a sprawling campus with a large student body and a full spectrum of course offerings.

    • The University of California, Berkeley might not be the best fit for students who:

      Prefer an intimate environment or small class sizes.

    Compare school
  5. #4

    Columbia University

    New York , NY
    #2 America's 15 Most Technologically Advanced Colleges #3 Best Universities in the US Ranked for Prospective Students in 2024 #3 50 Best Colleges and Universities Ranked for Undergrads in 2024 #3 Top Schools that Offer Free Master's Degrees Online
    Other Rankings

    Tuition + fees

    $66K

    Acceptance

    4%

    Graduation

    95%

    Student body

    37K

    Median SAT/ACT

    1535/34

    Career Outlook for MBA degree at Columbia University

    Cost of Degree: $54,627
    Expenses: $19,958
    Starting Salary: $157,731
    Salary after 4 years: $193,172
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
    What is Columbia University known for?

    Columbia University’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Columbia University?

    Columbia University sits in the heart of bustling Manhattan. Founded in 1754 under the name King’s College, Columbia is the oldest university in New York and the fifth oldest in the nation. Today, Columbia serves more than 33,000 students at the undergraduate and graduate levels.

    The private research university is a member of the vaunted Ivy League, and is widely recognized as a hotbed for scientific innovation and cutting edge research. And with an endowment of over $13 billion, Columbia has the largest endowment of any academic institution in the world!

    The Columbia Business School is among the most prestigious graduate schools in the world.

    • Columbia University is great for students who:

      Enjoy a college experience in the heart of a vibrant city.

    • Columbia University might not be the best fit for students who:

      Have a limited budget. Tuition for Columbia typically ranks among the highest in the nation.

    Compare school
  6. #5

    University of Cambridge

    #12 Best Universities in the World 2024
    What is University of Cambridge known for?

    University of Cambridge’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about University of Cambridge?

    The University of Cambridge is a public collegiate research university that can trace its roots to 1209. Earning a royal charter from King Henry III in 1231, this British institution is noted as the third oldest operational university in the world today. Notable alumni include 14 British Prime Ministers and luminaries like Isaac Newton, Charles Darwin, Stephen Hawking, and Alan Turing.

    Today, the University of Cambridge is widely recognized as one of the most prestigious institutions in the world, and serves a student body of more than 24,000 undergraduate and postgraduate students.

    Cambridge’s Judge Business School was founded in 1990 and is noteworthy for its excellence in both business research and instruction.

    • University of Cambridge is great for students who:

      Are looking to network with top leaders in their field. Cambridge owns one of the most expansive and powerful alumni networks in the world.

    • University of Cambridge might not be the best fit for students who:

      Have financial constraints. Both the cost of attendance and the cost of living are comparatively high for students at Cambridge.

    Compare school
  7. #6

    University of Chicago

    Chicago , IL
    #4 Best Universities in the US Ranked for Prospective Students in 2024 #4 50 Best Colleges and Universities Ranked for Undergrads in 2024 #6 50 Best Private Colleges and Universities for Undergrads 2024 #6 50 Best Research Universities Ranked for Undergrads in 2024
    Other Rankings

    Tuition + fees

    $64K

    Acceptance

    5%

    Graduation

    96%

    Student body

    21K

    Median SAT/ACT

    1540/34

    Career Outlook for MBA degree at University of Chicago

    Cost of Degree: $66,492
    Expenses: $22,596
    Starting Salary: $140,539
    Salary after 4 years: $172,117
    Cost Recoup Time: 6 years
    Paid back at 15% of annual salary
    What is University of Chicago known for?

    University of Chicago’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about the University of Chicago?

    The University of Chicago was founded in 1890 and is located in the Hyde Park neighborhood of Chicago, Illinois. The private research university is noteworthy today for the excellence of its economics, law, and political science programs among others.

    The University of Chicago has played a highly influential role in the modern development of these disciplines. Today, this highly selective institution serves more than 18,000 students.

    University of Chicago’s Booth School of Business was founded in 1898, which makes it the second oldest business school in the U.S.

    • University of Chicago is great for students who:

      Are pursuing graduate degrees. With five distinct graduate schools, more than half of the students at the University of Chicago are pursuing advanced credentials.

    • University of Chicago might not be the best fit for students who:

      Do not prefer to earn their degree on an urban campus. The main campus is located on the South Side of Chicago just near the shores of Lake Michigan.

    Compare school
  8. #7

    Stanford University

    Stanford , CA
    #2 50 Best Graduate Schools Ranked for Prospective Students in 2024 #2 50 Best Private Grad Schools 2024 #3 America's 15 Most Technologically Advanced Colleges #3 Best Universities in the World 2024
    Other Rankings

    Tuition + fees

    $58K

    Acceptance

    4%

    Graduation

    95%

    Student body

    20K

    Median SAT/ACT

    1540/34

    Career Outlook for MBA degree at Stanford University

    Cost of Degree: $57,210
    Expenses: $23,746
    Starting Salary: $192,797
    Salary after 4 years: $236,118
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
    What is Stanford University known for?

    Stanford University’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Stanford University?

    Stanford University is located in Stanford, California and covers over 8,180 acres of land. The private research university was founded in 1885 as a secular, coeducational institution. Today, it serves more than 17,000 students at the undergraduate and graduate levels.

    Stanford played an essential part in the evolution of the region known as Silicon Valley. Through both its academic programs and its ongoing investment in research, Stanford has been the site of countless technological innovations and the birthplace of countless groundbreaking companies.

    Stanford University Stanford Graduate School of Business was founded in 1925 and offers one of the most selective MBA programs in the world.

    • Stanford University is great for students who:

      Are looking for career opportunities in technology. The university shares a close relationship with the top hiring tech firms in Silicon Valley.

    • Stanford University might not be the best fit for students who:

      Aren’t prepared for a challenge. Students at Stanford typically describe the academic workload as extremely demanding.

    Compare school
  9. #8

    Yale University

    New Haven , CT
    #4 50 Best Private Grad Schools 2024 #6 Best Universities in the US Ranked for Prospective Students in 2024 #6 50 Best Graduate Schools Ranked for Prospective Students in 2024 #6 50 Best Colleges and Universities Ranked for Undergrads in 2024
    Other Rankings

    Tuition + fees

    $62K

    Acceptance

    5%

    Graduation

    98%

    Student body

    16K

    Median SAT/ACT

    1540/34

    Career Outlook for MBA degree at Yale University

    Cost of Degree: $46,900
    Expenses: $22,870
    Starting Salary: $169,738
    Salary after 4 years: $207,877
    Cost Recoup Time: 5 years
    Paid back at 15% of annual salary
    What is Yale University known for?

    Yale University’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Yale University?

    Yale University is among the most highly regarded schools in the world. Based in New Haven, Connecticut, Yale was founded in 1701. This makes it the third oldest institution of higher learning in the U.S.

    A member of the vaunted Ivy League, Yale is a private research university serving more than 12,000 elite students. It is noteworthy that more than half of enrollees are in pursuit of a graduate degree.

    The Yale School of Management serves roughly 1000 postgraduate students today.

    • Yale University is great for students who:

      Rank near the top of their class. Yale is among the most selective schools in the world.

    • Yale University might not be the best fit for students who:

      Prefer an emphasis on science over humanities. Yale is noteworthy for its excellent liberal arts programs.

    Compare school
  11. #9

    Massachusetts Institute of Technology

    Cambridge , MA
    #3 50 Best Graduate Schools Ranked for Prospective Students in 2024 #3 50 Best Private Colleges and Universities for Undergrads 2024 #3 50 Best Private Grad Schools 2024 #3 50 Best Research Universities Ranked for Undergrads in 2024
    Other Rankings

    Tuition + fees

    $58K

    Acceptance

    4%

    Graduation

    95%

    Student body

    13K

    Median SAT/ACT

    1555/35

    Career Outlook for MBA degree at Massachusetts Institute of Technology

    Cost of Degree: $61,075
    Expenses: $21,864
    Starting Salary: $209,580
    Salary after 4 years: $256,672
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
    What is Massachusetts Institute of Technology known for?

    Massachusetts Institute of Technology’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Massachusetts Institute of Technology?

    MIT is among the most selective, influential, and prestigious universities in the world. Founded in 1861 as the United States approached the age of industrialization, the private research university is regarded today among the top destinations in the world for studying, teaching, and researching applied sciences, engineering, and more.

    In addition to serving roughly 12,000 students at the undergraduate and graduate levels, the Cambridge, Massachusetts institute is widely recognized as a key contributor to essential scientific developments, innovations, and discoveries since its founding.

    1300 graduate students are currently in pursuit of an MBA or related degree at the MIT Sloan School of Management.

    • MIT is great for students who:

      Have achieved academic excellence in the hard sciences. MIT is one of the top destinations in the world for scientific research and innovation.

    • MIT might not be the best fit for students who:

      Prefer a liberal arts experience.

    Compare school
  12. #10

    University of Pennsylvania

    Philadelphia , PA
    #5 Top Schools that Offer Free Master's Degrees Online #9 50 Best Private Grad Schools 2024 #10 Best Universities in the US Ranked for Prospective Students in 2024 #10 50 Best Colleges and Universities Ranked for Undergrads in 2024
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    7%

    Graduation

    96%

    Student body

    33K

    Median SAT/ACT

    1535/34

    Career Outlook for MBA degree at University of Pennsylvania

    Cost of Degree: $44,162
    Expenses: $22,286
    Starting Salary: $179,562
    Salary after 4 years: $219,909
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
    What is University of Pennsylvania known for?

    University of Pennsylvania’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about the University of Pennsylvania?

    The University of Pennsylvania was founded in Philadelphia in 1740 by civic leaders including Founding Father and inventor Benjamin Franklin. Today, the vaunted Ivy League institution is the 4th oldest in the United States.

    University of Pennsylvania serves over 22,000 students. Of those, more than half are studying to earn a graduate level degree.

    University of Pennsylvania’s Wharton School of Business serves more than 2500 postgraduates today

    • University of Pennsylvania is great for students who:

      Are at the top of their graduating class. University of Pennsylvania is among the most selective schools in the nation.

    • University of Pennsylvania might not be the best fit for students who:

      Don’t wish to attend college in a big city like Philadelphia.

    Compare school
  13. #11

    Tsinghua University

    What is Tsinghua University known for?

    Tsinghua University’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Tsinghua University?

    Tsinghua University was founded in 1911 and is located in Beijing, China. In addition to being one of the oldest institutions of higher learning in China, Tsinghua is also among the most prestigious.

    Tsinghua University is a member of the C9 League, a group of China’s most elite universities. Today, Tsinghua is particularly noted for its excellence in areas such as technology, engineering, and business.

    The Tsinghua University School of Economics and Management was formed in 1926 and is among the most competitive graduate business schools in the world today.

    • Tsinghua University is great for students who:

      Are seeking an advanced degree. Roughly two-thirds of students in Tsinghua’s massive student body are pursuing master’s and doctoral degrees.

    • Tsinghua University might not be the best fit for students who:

      Are seeking a more intimate learning experience. Tsinghua University is home to more than 50,000 students at the undergraduate and graduate levels.

    Compare school
  14. #12

    Northwestern University

    Evanston , IL
    #14 50 Best Research Universities Ranked for Undergrads in 2024 #15 50 Best Graduate Schools Ranked for Prospective Students in 2024 #15 50 Best Private Grad Schools 2024 #16 50 Best Private Colleges and Universities for Undergrads 2024
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    7%

    Graduation

    97%

    Student body

    27K

    Median SAT/ACT

    1530/34

    Career Outlook for MBA degree at Northwestern University

    Cost of Degree: $53,024
    Expenses: $25,926
    Starting Salary: $127,440
    Salary after 4 years: $156,075
    Cost Recoup Time: 6 years
    Paid back at 15% of annual salary
    What is Northwestern University known for?

    Northwestern University’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Northwestern University?

    Northwestern University was founded in Evanston, Illinois in 1851, which makes it the oldest institution of higher learning in the state. In 1856, the private research university also became a founding member of the Big Ten conference, where they compete as the Wildcats.

    Northwestern University is among the most prestigious research institutions in the world, and is noted for leading programs in engineering, economics, business, education, and more. Today, Northwestern serves roughly 22,000 students.

    Northwestern University’s Kellogg School of Management currently serves a little over 1000 MBA candidates.

    • Northwestern University is great for students who:

      Are pursuing research-driven graduate degrees. The majority of Northwestern students are studying at the graduate level.

    • Northwestern University might not be the best fit for students who:

      Are not among the top students in their class. Admissions at Northwestern are highly selective.

    Compare school
  15. #13

    Indiana University Bloomington

    Bloomington , IN
    #14 Most Affordable Colleges and Universities in the U.S. 2024 #23 50 Best Public Colleges and Universities Ranked for Students in 2024 #2 The Most Influential Universities and Colleges Ranked by State 2024 #2 Best Public Colleges in Indiana 2024
    Other Rankings

    Tuition + fees

    $11K

    Acceptance

    82%

    Graduation

    81%

    Student body

    59K

    Median SAT/ACT

    1290/29

    Career Outlook for MBA degree at Indiana University Bloomington

    Cost of Degree: $11,468
    Expenses: $16,010
    Starting Salary: $90,630
    Salary after 4 years: $111,641
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
    What is Indiana University Bloomington known for?

    Indiana University Bloomington’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Indiana University Bloomington?

    Indiana University Bloomington was founded as State Seminary in 1820 and evolved into Indiana College within the decade. The Bloomington campus is the flagship institution in the state public university system.

    Indiana University Bloomington is noted for its high level of research activity, and has been referred to as a “Public Ivy.” With top-ranked programs in areas like environmental policy, public finance, and nonprofit management, Bloomington serves more than 45,000 undergraduate and graduate students today.

    Bloomington’s Kelley School of Business serves roughly 2000 MBA candidates today.

    • Indiana University Bloomington is great for students who:

      Like to get involved in campus life. With more than 700 groups and clubs, Bloomington offers an incredible variety of social and recreational opportunities.

    • Indiana University Bloomington might not be the best fit for students who:

      Prefer a small campus atmosphere.

    Compare school
  17. #14

    University of North Carolina at Chapel Hill

    Chapel Hill , NC
    #6 Best Value Colleges and Universities Ranked for Students in 2024 #7 50 Best Public Colleges and Universities Ranked for Students in 2024 #10 Top Schools that Offer Free Master's Degrees Online #16 50 Best Public Grad Schools 2024
    Other Rankings

    Tuition + fees

    $9K

    Acceptance

    17%

    Graduation

    91%

    Student body

    34K

    Median SAT/ACT

    1440/32

    Career Outlook for MBA degree at University of North Carolina at Chapel Hill

    Cost of Degree: $12,527
    Expenses: $16,260
    Starting Salary: $107,878
    Salary after 4 years: $132,888
    Cost Recoup Time: 3 years
    Paid back at 15% of annual salary
    What is University of North Carolina at Chapel Hill known for?

    University of North Carolina at Chapel Hill’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about the University of North Carolina, Chapel Hill?

    University of North Carolina, Chapel Hill is considered a “Public Ivy,” a school with state funding that offers the prestige and educational experience akin to those at a private Ivy League school.

    The University of North Carolina, Chapel Hill is the flagship campus for the broader University of North Carolina system and began enrolling students in 1795. This makes UNC the only public school in the U.S. to both teach and graduate students in the 18th Century!

    UNC’s Kenan-Flagler Business School currently serves 1800 MBA candidates.

    • The University of North Carolina, Chapel Hill is great for students who:

      Desire a well-rounded education. All students are required to complete a liberal arts education on the way to their chosen major. Popular majors include biology, business administration, and psychology.

    • The University of North Carolina, Chapel Hill might not be the best fit for students who:

      Prefer a more conservative environment. Many students at UNC note that the campus culture tends to lean to the liberal side of the political spectrum.

    Compare school
  18. #15

    University of Florida

    Gainesville , FL
    #1 Top 15 Best Online Colleges for Transfer Students in 2024 #3 15 Best Self-paced Online Colleges Ranked for 2024 #6 15 Best Online Colleges for Veterans to Start Their Careers #8 Best Value Colleges and Universities Ranked for Students in 2024
    Other Rankings

    Tuition + fees

    $6K

    Acceptance

    23%

    Graduation

    90%

    Student body

    63K

    Median SAT/ACT

    1395/30

    Career Outlook for MBA degree at University of Florida

    Cost of Degree: $12,737
    Expenses: $15,430
    Starting Salary: $103,017
    Salary after 4 years: $126,900
    Cost Recoup Time: 3 years
    Paid back at 15% of annual salary
    What is University of Florida known for?

    University of Florida’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about the University of Florida?

    University of Florida is a public university with strong appeal for students with an interest in research. The University of Florida is classified among R1 Doctoral Universities, those institutions noted for a very high level or research activity.

    The University of Florida also holds the distinction of being the only Florida college with members in the Association of American Universities.

    UF’s Warrington College of Business was formed in 1926 is noted for the excellence of its MBA programs.

    • The University of Florida is great for students who:

      Enjoy an excellent athletics program. The University of Florida Gators varsity sports teams have claimed 45 national championships for the school.

    • The University of Florida might not be the best fit for students who:

      Prefer a more intimate experience. With more than 57,800 students enrolled during the 2020-21 academic year, the University of Florida is the fifth largest school in the United States.

    Compare school
  19. #16

    National University of Singapore

    What is National University of Singapore known for?

    National University of Singapore’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about the National University of Singapore?

    The National University of Singapore (NUS) was founded in 1905 as the Straits Settlements and Federated Malay States Government Medical School, in what was then the British-controlled Straits Settlements colony. Today, NUS is the oldest autonomous university in Singapore.

    With degree programs in a wide range of disciplines at both the undergraduate and postgraduate levels, including law, engineering, business, computing, and more, the National University of Singapore serves roughly 36,000 students at the graduate and undergraduate levels.

    The National University’s NUS Business School was formed in 1965 and is widely considered one of the top graduate business institutions in the world today.

    • The National University of Singapore is great for students who:

      Are interested in innovation. The public university is noted for its high level of cutting edge scientific research.

    • The National University of Singapore might not be the best fit for students who:

      Are seeking a more intimate learning atmosphere. NUS is a very large school with a relatively dense student population.

    Compare school
  20. #17

    University of Massachusetts Amherst

    Amherst , MA
    #1 Most Affordable Colleges in Massachusetts Ranked for Students in 2024 #1 Best Public Colleges in Massachusetts 2024 #6 Best Colleges in Massachusetts 2024 #6 Best Grad Schools in Massachusetts 2024
    Other Rankings

    Tuition + fees

    $17K

    Acceptance

    64%

    Graduation

    83%

    Student body

    37K

    Median SAT/ACT

    1370/31

    Career Outlook for MBA degree at University of Massachusetts Amherst

    Cost of Degree: $16,625
    Expenses: $16,523
    Starting Salary: $90,473
    Salary after 4 years: $111,448
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
    What is University of Massachusetts Amherst known for?

    University of Massachusetts Amherst’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about University of Massachusetts, Amherst?

    University of Massachusetts, Amherst was founded as an agricultural college in 1863. Today, it is the only public land-grant university located in the state of Massachusetts.

    University of Massachusetts, Amherst is home to more than 32,000 students, which makes it the second largest school in the state by enrollment.

    The university’s Isenberg School of Management was established in 1947 and is particularly noteworthy for the excellence of its graduate MBA programs.

    • University of Massachusetts, Amherst is great for students who:

      Enjoy a sprawling campus. At 1,463 acres, Amherst owns the largest campus in the state.

    • University of Massachusetts, Amherst might not be the best fit for students who:

      Are focused on liberal arts. Many of the state’s top programs are focused on the sciences.

    University of Massachusetts Amherst’s Online Degrees

    BA in Film And Media Studies
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BBA in Bachelor Of Business Administration
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BBA in Business Administration
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Hospitality And Tourism Management
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA in Arts Management
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BA/BS in Interdisciplinary Studies
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BSN in Nursing: RN to BSN
    • Required Credits: 60
    • Completion Time: None Reported
    • Format: Online
    BS in Nursing: RN to BSN
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    BS in Bachelor Of Science
    • Required Credits: 120
    • Completion Time: None Reported
    • Format: Online
    Compare school
  21. #18

    Erasmus University Rotterdam

    What is Erasmus University Rotterdam known for?

    Erasmus University Rotterdam’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Erasmus University Rotterdam?

    Erasmus University Rotterdam was founded in 1913 and today is noted as one of the most prestigious institutions of higher learning in the Netherlands and in the world. The public research university places a strong emphasis on economics, business, the social sciences, and more.

    Today, Erasmus University Rotterdam serves more than 39,000 students at the graduate and postgraduate levels.

    Among those, roughly 10,000 are pursuing bachelor’s degrees and MBAs at the highly regarded Rotterdam School of Management.

    • Erasmus University Rotterdam is great for students who:

      Are interested in forming or leading their own business. EUR is noted for its excellent entrepreneurship programs.

    • Erasmus University Rotterdam might not be the best fit for students who:

      Are studying internationally and will require student loans. Some students note that Dutch students enjoy greater student loan benefits and other cost saving advantages over international students.

    Compare school
  23. #19

    INSEAD

    What is INSEAD known for?

    INSEAD’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about INSEAD?

    INSEAD, or the Institut Européen d’Administration des Affaires, was founded in 1957 in Fontainebleau, in the broader Paris Metropolitan Area. Though INSEAD’s student body is relatively modest in size—with just over 1500 graduate level students—the prestigious business school has expanded to include campuses in Singapore, Abu Dhabi, and San Francisco in the United States.

    A non-profit business school, INSEAD is particularly noted for its Executive MBA and Entrepreneurship programs.

    • INSEAD is great for students who:

      Wish to become top executives. INSEAD boasts the second most graduates among CEOs for the world’s 500 largest companies.

    • INSEAD might not be the best fit for students who:

      Have not earned an undergraduate degree. INSEAD exclusively serves graduate level students.

    Compare school
  24. #20

    London Business School

    What is London Business School known for?

    London Business School’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about London Business School?

    London Business School was founded in 1964 and makes its home in Sussex Place, London. Today, LBS is noted as one of the most prestigious business schools in the world.

    London Business School is a constituent of the University of London, and serves only graduate level students. Today, more than 2300 students are pursuing top-ranked Executive MBAs as well as master’s in finance, management, and more.

    • London Business School is great for students who:

      Are pursuing international business careers. With students from more than 100 nations and close partnerships with other top ranking business schools, LBS creates numerous pathways to international business leadership.

    • London Business School might not be the best fit for students who:

      Have financial constraints. LBS is located in the bustling city of London, where the cost of living is typically quite high.

    Compare school

Career Outlook for Students with MBA Degree

Go to Degree Finder tool

Business Administration And Management

Degree Level: Master's

  • Location: The U.S. (Private Schools)
  • Avg. Cost of Degree*: $11,530
  • Avg. Expenses*: $16,731
  • Avg. Starting Salary*: $77,404
  • Avg. Salary after 4 Years*: $95,349
  • Avg. Cost Recoup Time**: 4 years
  • Job Growth: 4.86%
  • Number of Jobs: 11,888,900
  • * denotes ‘annually’
  • ** denotes ‘at 15% of annual salary’

Career Salaries

CareerJob GrowthAvg. Salary
Chief Executives-8.21%$161,191
Computer and Information Systems Managers15.41%$134,192
Compensation and Benefits Managers1.71%$124,492
Purchasing Managers4.39%$118,521
Sales Managers4.06%$117,002

Average Career Salaries

Bottom 10%MedianTop 10%
$55,563$92,094$148,349

Promising Job Markets

StateCost of LivingAvg. Salary
#2 New York5% higher than average$116,372
#3 Virginia5% higher than average$104,589
#4 Michigan15% higher than average$90,047
#5 Georgia13% higher than average$90,306
#6 Illinois7% higher than average$96,596

Top Industries

IndustryAvg. Salary
Chief Executives$161,191
Computer and Information Systems Managers$134,192
Compensation and Benefits Managers$124,492
Data from The Bureau of Labor Statistics, The Department of Education College Scorecard, The Department of Education NCES, and The Council for Community and Economic Research.
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How to Get into the Best Business School For You

Test Scores

Many MBA programs will require you to submit Graduate Management Admission Test (GMAT) Scores or Graduate Record Examination (GRE) Scores. These test scores can impact your chances of admission. The best MBA programs—those offered by the most prestigious business schools—may have minimum GMAT or GRE scores.

If you are applying to top business schools that don’t have a minimum score requirement, pay close attention to the average GMAT score or GRE score for students who are admitted.

For instance, the average GMAT score for students in the University of Pennsylvania’s Wharton School of Business Class of 2024 was 733; the average GRE scores were 162 verbal and 162 quant.

MBA applicants can improve their chances of admission to the best MBA programs by ensuring that their standardized test scores match those of current enrollees.

Looking to save time and money on testing? Check out these MBA programs with no GRE and no GMAT required.

Undergraduate Degree

You need a bachelor’s degree from an accredited four-year program. This undergraduate degree can be in any subject. You don’t necessarily have to major in business to pursue an MBA program at a top business school.

In fact, many business schools take an interest in students with unique undergraduate backgrounds in areas like psychology, sociology, and legal studies.

Undergraduate GPA

The typical graduate level business administration program will include a requirement for a minimum—usually 3.0. However, students applying to a top business school should generally have an undergraduate GPA of 3.5 or better to be considered competitive.

Learn more about online MBA admission requirements.

Bottom Line: High test scores on the GRE or GMAT and a GPA of 3.5 or better will help to secure admission into one of the best business schools in the world.

Young professionals having a discussion

How to Get into an International Business School

Students planning on earning their MBA outside of their home country must be aware of any rules, requirements, and procedures specific to international students.

Among them, you may be required to:

  • Provide alternative test scores. Be sure that you understand any admission testing requirements unique to the country where you plan to attend graduate schools.
  • Have a proper student visa. Every nation has its own set of requirements for acquiring a student visa. Provide yourself with plenty of time to navigate this sometimes bureaucratic process.
  • Have an up-to-date passport. Be sure that your passport is not only current, but that it will remain current through the duration of your studies.
  • Navigate financial aid and scholarship opportunities, and understand the limits placed on financial aid for international students.
  • Ensure completion of all prerequisite undergrad courses. These prerequisites may differ from one country to another.

Key Point: Applying for and being accepted into an MBA program can be a complicated and lengthy process for international students. If you are planning on attending a top business school in the U.S., you can learn more here.

Curriculum and Courses

Each college of business will require the completion of different courses, although there are similarities in programs. There are typically core courses, as well as electives and an individualized capstone project.

Most of the top MBA programs in the world will include the following core courses:

  • Financial Management
  • Marketing Management
  • Managerial Accounting
  • Corporate Finance
  • Organizational Behavior
  • Business Ethics
  • International Business
  • Business Analytics

Key Point: Top international MBA programs will cover topics such as organizational behavior, corporate finance, and business ethics.

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Careers for MBA Degree Holders

Graduates with an MBA from the best business schools in the world will often qualify for elite leadership roles including:

  • Information Technology Management
  • Project Management
  • Human Resources Management
  • Operations Management
  • Computer and Information Systems Management
  • Administrative Services and Facilities Management
  • Executive Leadership

Key Points: According to the Bureau of Labor Statistics, job openings for top executives are projected to grow by 6% from 2021 to 2031.

The picture is even brighter for those who use their graduate degree to pursue careers as administrative services and facilities managers. Jobs for these positions are expected to grow by 7% from 2021 to 2031.

The Best Online MBA Degrees

Many of the best business schools also offer a wide range of online part time MBA programs as well as full time MBA online programs with self-pacing and asynchronous distance learning opportunities.

To learn more about your options, check out the best online master’s programs for MBA students.

Before you launch into business school, it’s worth also considering traditional MBA programs that offer fully online master options. Many of the best business schools offer an array of online courses. And if you are working to balance job responsibilities while attending business school, an online MBA program may make it possible to manage everything at one.

Find out more with a look at our Online Program Ranking List.

 

Learn more about applying to and excelling in your advanced degree program with a look at our Guide to Grad Life.

Or jump to our student resource library for tips on everything from studying to starting on your career path.

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