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Know All About Top MBA Colleges in
The United States of America (USA), or United States (U.S.)
or America, is a federal republic consisting of 50 states and a federal
district. USA is the world’s third largest country by land area and is a
melting pot of people from different backgrounds and cultures. With more
than a lakh of students choosing USA as their study destination, the nation
has the world’s largest international student population. The numbers are
growing in terms of enrollment of international students.
The MBA degree was first conceptualized in USA in the
late 19th century when companies and industries felt the need of combining
scientific approaches to management. There is no other country which can
offer such a wide variety of beliefs, values and traditions alongwith
abundant natural resources, a well-developed infrastructure, and high
productivity. There are many prominent MBA colleges in United States of
America which occupies the major portions of global ranking in imparting
management education and fostering career building of MBA students. Plenty
of options are available to pursue MBA education in various B schools
located in different parts of the nation. The United States is home to
one of the world's largest and most influential financial markets. The
New York Stock Exchange is the world's largest stock exchange by market
capitalization. USA offers international students the lifetime experience
from highly dense cities to unpopulated areas and the fascinating natural
beauty. It is because of this reason that USA is the No.1 destination
Prospective MBA applicants, who are looking for admission
in well known MBA colleges and want to stay close to industry and corporate
world across the globe, should check for all the pre-requisites required
to get into a good B school in USA. Not only the mandatory requirements
but also the preferred criteria for admission to MBA programme in United
States B schools play an important role.
This MBAUniverse.com article gives you a complete overview of MBA colleges
in the United States of America
Education system in US
The US education system is divided into a lot of categories depending on the outcome of the program.
Bachelors Degree ---- Undergraduate
Masters/MBA/PhD ---- Graduate
Post Doctoral degrees --- Post Graduate
Why to choose an MBA from USA
Every year number of candidates applying to the B-schools in USA are on the rise. There are several reasons for making USA the ultimate choice for pursuing their MBA. USA is not only student’s favorite, it is also hot bed of global firms and there is no better opportunity for a MBA student to enhance his/her career. Here are some prominent reasons for choosing an MBA from USA –
The U.S. MBA degrees are recognized throughout the world for their academic excellence and quality. Be it Harvard (world rank #1) or University of South Carolina-Moore ( world rank #96) US B schools occupy the major chunk of the top 100 positions. What makes the MBA programs more distinctive apart from the quality of education is the use of cutting-edge technology in delivering the programs.
Better Research Facilities
Libraries with millions of books available for students and staff; availability of thousands of journals and papers from around the world –you can access the best and updated data to facilitate your research and assignments. The Harvard Library for instance is the world’s largest academic library and largest private library system in the world. Many programs offer training and teaching opportunities that enable students to become teaching assistants to undergraduates and/or research assistants on special projects exploring different aspects of your field of study.
Top Faculty Profiles
Internationally recognized leaders in the field of economics, finance, politics and technology forms the faculty pool in US B-schools which adds diversity and richness to the faculty profile. Most faculty members of top schools like Harvard or University of California-Berkeley (Haas),. plays an active role in national and international business communities and also occupy key government positions. Award winners and Noble Laureates and many more academic leaders are a part of the world renowned business schools in USA.
Flexibility in curriculum is one of the biggest advantages offered by the U.S. B-Schools. Almost all major B-schools allows student to design their curriculum according to their career interests. Students can combine variety of courses available and design their personalized or customized curriculum to fit one’s goals.
International Study trips, global immersion programs form a vital part of the MBA curriculum in almost all B Schools in USA. Whereas some global trips are optional, in top schools like Stanford the global immersion programs are a requirement. This global cultural exposure is important for broadening your mind, experiencing the different cultural diversities and preparing for any challenges ahead. The United States is not the only country seeking strong candidates when hiring; international students are in high demand elsewhere, as well. The long term career prospects can be very well enhanced by the global exposure.
Networking and communicating with your peers who come from various backgrounds and diverse nationalities is major tool for polishing the personality of a candidate. This in the long run benefits the MBA graduates during job search, growing up the career ladder and much more. Employers seek to hire employees having a wide range of knowledge, multicultural language skills and who can conduct business across different cultures.
Beyond the MBA classroom in USA, students have an opportunity not only to broaden the educational perspectives but also cultural experiences. All B-schools have a variety of student clubs, business clubs, consultancy clubs and a lot of student organizations. International students can take part in variety of cultural and social events and indulge in sports activities. This can give you the opportunity to meet new people and make new friends and broaden your network.
How to choose an MBA program
Apart from the academic and professional requirements following points have to be kept in consideration when planning an MBA.
A. Accreditation: The most important factor while planning to study in USA or any other country is to check whether the program is accredited. If the institution or the program is not properly accredited then your degree might not be recognized by organizations around the world or even in your own country and potential employers.
The major accreditation for business programs in USA are
Association to Advance Collegiate Schools of Business (AACSB)
Association of MBAs (AMBA)
European Quality Improvement System (EQUIS)
B. Career Statistics : Prospective applicants must do an extensive research on the interested schools before deciding to apply o enroll. Students must view the employment report which contains placement statistics and salary statistics of the B-schools. Separate links on career statistics are provided on each B-school website to help assist the students. Students must check the list top recruiters who hire MBA graduates from that department.
A good MBA program is usually expensive; when it comes to USA it becomes even more costly keeping in mind the depreciating rupee value. Apart of the tuition fees, you have to be wary of the cost of living as well. Scholarship is not always a guarantee and a loan will leave you in debts to pay off. Students should enquire about loan options and various financial aid options available from a particular B-school. Living expenses vary according to the location, the type of accommodation and the individual’s lifestyle. The international student office of the B- schools are always there to assist international studies in providing information in this regard.
D. Admission Statistics
Prospective students should check class profiles of sought after B-schools to know the kind of profile schools have. A class profile includes class size, average GMAT scores of admitted students, number of international students, average work experience of admitted students and connected information pertaining to the kind of students they admit. Each school has a different class profile. The undergraduate degree and pre-MBA work experience is also an important factor during admission. For example; Harvard has the highest number of students from engineering background while NYU Stern has the number of students having a business degree. However, a particular class profile should not discourage a student from applying as B-schools look for diversities.
E. Acceptance rate
Acceptance rate or selectivity is one major point to be taken into consideration while applying. Some school may be very selective in its admission process while some schools may be a little less selective. While the likes of Harvard and Stanford have very low acceptance rate with Stanford having the lowest acceptance rate in the world, top schools like Columbia and Tuck have fair acceptance rates.
F. Know the MBA curriculum
Before proceeding to apply to a particular B-school’s MBA program, applicants must study the program curriculum and courses offered. May be the course you want to major in is not even offered by the school!
Opt for a location where you have ample job opportunities pertaining to your area of interest. While New York, Boston are financial hubs; California is a good choice for consultancy!
H. Intakes or Admission Season
Intakes are the admission seasons. Universities in USA offer two major intakes.
Fall intake is the most common and preferred intake whereas Spring is not offered in all schools and has several disadvantages like limited scholarship and internship opportunities etc.
Top B schools in USA
1. Harvard University
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and the No.1 business school in the world. The MBA program in Harvard is known for the rigor and case-study approach. Harvard has the highest number of case studies than any other B-school in the world.
2. University of Pennsylvania- Wharton
Globally ranked 3, Wharton is the largest and one of the most promising business schools in the world. The B school is rated as No1 School for Finance. Wharton offers over 200 + electives and 15 inter-disciplinary programs .
3. Stanford University
Stanford University is located between San Francisco and San Jose in the heart of California's Silicon Valley Stanford is one of the most selective of business schools to gain admission based on class statistics and has an acceptance rate of only 6.8% Stanford is ranked 4 worldwide.
4. University of Chicago- Booth
University of Chicago-Booth School of Business popularly known as Chicago
Booth, is one of the top 10 B schools of the world and is the second-oldest
business school in the world. Booth enjoys the reputation of a being a
quant focused school and is the No.4 B-school for MBA Finance. Since 1968,
seven Chicago Booth faculty members have won the coveted Nobel Prize.
5. Massechusettes Institute of Technology (MIT)
One of the world’s leading business school, MIT Sloan School of Management is based in Cambridge, Massechusetts.MIT is the No.1 school for MBA Technology and Operations Management program. Ranked 8th in the world, the most distinguished feature of the Sloan MBA is action based learning- directly applying academic concepts to real world business challenges..
6. Northwestern University-Kellogg
The No.1 school in Marketing, the Kellogg school of Management of Northwestern University is located in Evanston, Illinois. With more than 3.5 million volumes, Northwestern Library is one of the largest in the country. Stretching along Lake Michigan, the Evanston campus boasts endless activities and amenities for living and learning.
7. University of California Berkeley Founded in 1898, the Haas School of Business at the University
of California Berkeley is the second oldest business schools in the United
States. Haas is located in the San Francisco Bay Area which is an unrivalled
business ecosystem known for its innovation and entrepreneurship. Haas
is No.5 for MBA Entrepreneurship and amongst top 10 B-schools in the world.
8. Columbia University
Consistently in top 10 B- school ranking in the world , Columbia Business school is located in the global hub for business in New York City. Columbia business school is the only Ivy League business school located in the global business hub of New York
9. Dartmouth University-Tuck
The Tuck school of Business at Dartmouth was founded in 1900 as the first graduate school of management. A member of the Ivy League, Dartmouth is amongst the top 20 business schools in the world and top 10 in the USA. The alum ni network of Tuck Business school is known to be the strongest in the world.
10.New York University –Stern
The Stern School of Business of New York University was founded in 1900. One of the top 20 schools in the world and 10th in USA, NYU stern is well known for its Finance specialization. NYU is ranked 4 for its research productivity and three active faculty members of Stern are Noble prize winners
Harvard Business School
HBS offers a full time MBA program. The duration of the program is 21 months.
Selectivity: Highly Selective Acceptance Rate: 11.3% Total MBA Enrollment: 936 International student body: 34%
Stanford Graduate School of Business
GSB offers a full time MBA program. The duration of the program is
of two years.
Selectivity: Highly Selective Acceptance Rate: 6.8% Total MBA Enrollment: 410 International student body: 44%
MIT Sloan School of Management
offers a Full Time MBA; duration of the program is 2 years
Selectivity: Highly Selective Acceptance Rate: 13% Total MBA Enrollment: 350 International student body: 40%
Kellogg School of Management
Kellogg offers a Full Time MBA; duration of the program is 21 months
Selectivity: Highly Selective Acceptance Rate: 21.6% Total MBA Enrollment: 483 International student body: 36%
Wharton School of The University of Pennsylvania
offers a Full Time MBA; duration of the program is 20 months.
Selectivity: Highly Selective Acceptance Rate: 18.7% Total MBA Enrollment: 859 International student body: 31%
Stern School of Business
offers a Full Time MBA; duration of the program is 2 years
Selectivity: Highly Selective Acceptance Rate: 16% Total MBA Enrollment: 406 International student body: 38%
Columbia Business School of Columbia University
Business Schools offers a Full Time MBA; duration of the program is of two
Selectivity: Highly Selective Acceptance Rate: 18% Total MBA Enrollment: 743 International student body: 41%
University of Chicago-Booth School of Business
Booth offers a Full Time MBA; duration of the program is 21 months.
Selectivity: Highly Selective Acceptance Rate: 21% Total MBA Enrollment: 581 International student body: 36%
Haas School of Business at the University of California
Haas offers a Full Time MBA; duration of the program is 2 years
Selectivity: Highly Selective Acceptance Rate: 21% Total MBA Enrollment: 241 International student body: 43%