If you are looking for the best business schools in the world, you have come to the right place, for we are here to guide you through your journey. In this article, we have mentioned the names of some prestigious business schools and the ways to get yourself admission to them. Every school’s admission criteria are different in their unique way, but have one step in common: every student is supposed to have done Interview Preparation readily.
Wherever you choose to have a two-year full-time or part-time MBA, whether an executive MBA or an online MBA, you can apply to any of these schools abroad and upskill your career with ample opportunities they provide you with after graduating.
This article will further pay heed and elaborate on how to learn about several business schools and their admission criteria.
TOP BUSINESS SCHOOLS WORLDWIDE:
1. London Business School (LBS)
The Federal University of London’s London Business School, founded in 1964, is a business school and a constituent college. It offers post-graduate degrees in management and finance along with MBA & Ph.D. Mr. Kumar Birla, The Chairman of Aditya Birla Group, graduated from this very school. It is frequently ranked among the world’s best business schools. The London Business School is considered amongst the best programs in the world to upskill for MBA programs due to its wide-based curriculum and practical knowledge, which it imparts through the course of the program to the students.
Admission Criteria –
- An Application Form (informing candidate’s administrative and academic information, also their career plans and personal ambitions)
- Various essays on the chosen topics
- The GMAT or GRE scores. The average GMAT score should be around 700 (90 percentile).
- The TOEFL score (English Test)
- Two reference letters (one academic and one professional)
- The candidate’s academic transcript with their grades
After passing all the above criteria, the candidate is called for an interview on campus in London.
2. MIT Sloan School of Management
MIT Sloan School of Management is a business of Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. There are several options available in Bachelor’s, Master’s, and Doctoral degree programs at MIT Sloan.
Started in 1914 as an engineering administration, MIT Sloan School of Management delivers the best curriculum options and wide-ranging programs offering a master’s degree in management. MIT Sloan students run over 70 active clubs, which is a great honor for the school. Raghuram Rajan, former Governor of the Reserve Bank of India, graduated from MIT Sloan School of management, making it even more prestigious for any Indian to hold a degree from such an institution that polished the knowledge of many notable scholars.
Admission Criteria –
- Essays
- GMAT or GRE score should fall within 650-740 (80 percentile)
- A letter of recommendation
- A resume
- 300-word cover letter
- Writing a strong application (and making a 60-second video)
- Clearing all the above criteria will set you up for the opportunity to be invited to interview
3. Wharton Business School
The Institution of Pennsylvania’s Wharton School of Business is a private research university in Philadelphia, Pennsylvania. It is considered one of the most pricey business schools globally, and it was established in 1981 through a donation from Joseph Wharton, thus named after him.
Wharton Business School produced Anil Ambani, the chairman of Reliance Group and industries, and Aditya Mittal, founder, and CEO of Mittal Steel Company making you think how special and academically well-balanced this school is. It has produced remarkable personalities for the world. It offers colossal online courses specializing in business and financial modeling, entrepreneurship, business analytics, and business foundations that you can enroll yourself into, sitting in any part of the world.
Admission Criteria-
- Background information (contact information, Date of Birth, academic degrees earned, professional experience, family information)
- Application fees
- Essay application cycle
- Transcripts
- Letter of recommendation
- GMAT or GRE
- Resume (one page)
- On-Campus Interview
4. Harvard Business School (HBS)
Harvard Business School (HBS), situated in Boston, United States of America, is a part of the University of Harvard. It offers various full-time MBA programs, management analysis and doctoral programs, and many executive education programs. Rahul Bajaj, CEO of Bajaj Auto, is a notable alumnus of Harvard Business School, making it a notable option for you to explore your career.
Admission Criteria-
- Application fee
- 2-5 years of work experience
- Transcripts
- GMAT score (620-790)
- English Proficiency test scores
- Two letters of recommendation
- Resume
- On-Campus Interview
5. Saïd Business School
The Saïd Business School is part of the University of Oxford and is a provider of management education that is consistently ranked as one of the top b-schools worldwide. It was founded in 1965 as the Oxford School of Management Studies, which was rebranded as Saïd Business School in 1996.
Ananya Birla, singer, entrepreneur & Papa CJ, the famous standup comedian are notable alumni of Saïd business school, making it an open platform to enrich your creative and mental analytical skills both at the same time. But Oxford Saïd only offers a Bachelor of Arts in Economics and Management in their undergraduate program.
Admission Criteria-
- Undergraduate degree or equivalent
- Written supporting statement
- Online assessment (essays)
- Either GMAT or GRE scores
- Professional experience with two years of work experience
- An understanding of your career goals
- English capability
- Two references, either professional or academic
- One-page CV
6. Stanford Graduate School of Business
Stanford Graduate School of Business (GSB) was founded in 1925 and is a well-known graduate business school at the University of Stanford. GSB offers a General management Master’s of Business Administration (MBA) degree. Students across the globe crave to get admission to the institution and the MSx degree program for mid-career executives and a Ph.D. program.
Mukesh Ambani, Chairman of Reliance Industries, is a notable alumnus of Stanford Graduate school of business; therefore, you should have this very school on your checklist if you are looking for prominent business schools abroad.
Admission Criteria –
- Online application
- Application fee
- Statement of purpose – Intentions to pursue a particular program
- Three letters of recommendation
- Official GRE test scores
- English language Proficiency scores
- Cover letter
- On-Campus Interview
Many other business schools like Columbia Business School, Haas School of Business, INSEAD Business School, etc., are also known for their splendid undergraduate and postgraduate degree courses, which entitles them to be in this list of top business schools across the world.
Conclusion
International students should be aware that pursuing an MBA abroad can cost anywhere from $50,000 to $100,000 per year, depending on the program and MBA colleges. It can be difficult for Indian students to gain admission to the greatest MBA programs on the globe. Still, if you study for the examinations and display the essential skills, you will be accepted on your merit!
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