10 Best Business Schools in the World 2024
clickHere

10 Best Business Schools in the World 2024

11 mins read29.3K Views Comment
clickHere
Raj
Raj Vimal
Study Abroad Expert
Updated on Jul 4, 2024 20:59 IST
Best Business Schools in the World: Pursuing an MBA is always a tough decision to take and selecting the right college is even tougher. An MBA from a prestigious college is a gateway to success! Doing a business or management degree from an elite college gives serious advantages to the graduates. Graduates with an advanced MBA degree have the potential to pursue a high-paying job/career.
top universities for MBA Abroad

The best business schools in the world help drive the world economy, as they produce corporate leaders and entrepreneurs. MBA graduates are specially taught to handle challenges and run big businesses successfully. The article will help you reach a decision regarding which business school should you opt for and will provide details regarding the individual rankings of the top business schools in the world offering business and management courses.

Related Read:

Top Ranking MBA Colleges in the World

Below provided is a list of the best business schools in the world with their respective rankings:

Top B-Schools in the World THE World University Rankings 2024 by Subject: Business

Harvard Business School, US

#1
University of Pennsylvania: Wharton #1

Northwestern University, Kellogg School of Management, US

#3

University of Chicago: Booth

#3

Massachusetts Institute of Technology: Sloan

#5
Harvard University #6
New York University #7
University of California at Berkeley: Haas #7
Yale University:Yale School of Management #7

The above-given rankings are dynamic and are subject to change each year based on the institution and the marks the B-school gets. 

Popular B-Schools in Abroad

Check out the top business schools in the world and why you should consider pursuing management programs from these schools. Based on parameters of return on investment, alumni outcomes, diversity, employability, and entrepreneurship, we have given a list of the best MBA colleges in the world.

1) Columbia Business School, US

At present for the class of 2026, around 2,472 students are enrolled at Columbia Business School. 41.7% of the students are females and 39.4% are from overseas. The business school of Columbia University has 28 centres and programmes with a total of 145 full-time faculty. In the last 10 years, the business school alumni have created a total of 726 startups. 97% of those who had passed out confirmed job satisfaction as 4 on a scale of 5. The first-year tuition fee for a full-time MBA course at Columbia University at its Business School was USD 127,058. 

Score Predictor

Predict your IELTS, TOEFL, and PTE in just 4 steps!

Share 12th Board, Percentage, english score
Get estimated scores or IELTS, TOEFL & PTE


Why CBS is the Best Business School in the World Highlights:

  • 95% of the MBA programme graduates obtained a job offer within three months out of which 92% accepted the same
  • Students indulge in top-tier internships as well as externships which help them utilize what they've been taught in the fields of marketing, finance, investment, etc
  • In 2022, the median base salary for the business school was $175,000 and the median signing bonus was $30,000
  • Employers include Adidas, Dominos, Fidelity, Apple, Amazon, Cisco, Bank of America, Galaxy Digital, Citi, Google, Goldman Sachs, Barclays, Dell Technologies, IBM, Instagram, Johnson & Johnson, Netflix, Twitter, etc.

2) INSEAD

INSEAD is the first education institution in Europe to offer an MBA program. Also, it was the first institution to offer a one-year MBA program and break the tradition of offering the standard two-year program. Its MBA program is widely acclaimed for its leadership, employability, and entrepreneurship. INSEAD is one of the Europe best business schools in the world. Over 11,000 executives take part in its executive education programmes every year. More than 300 organisations hired graduates from INSEAD in 2023.

Why INSEAD is the Top B-School in the World Highlights:

  • Got triple accreditation from AACSB, EQUIS, and AMBA
  • Has campuses in France, Singapore, and Abu Dhabi
  • The MBA programme has two intakes in a year
  • 94% of the MBA graduates got a job after three months of passing out
  • Employers include Accenture, Adobe, BMW Group, Cargill, Dell, Deloitte, Ericsson Management Consulting, Ferrari, Gartner, HBO Max, IKEA, J.P Morgan, L'Oreal, Mastercard, Nestle, Philips, etc.

3) IESE Business School

With campuses in New York, Madrid, Munich, Sao Paulo and Barcelona, IESE Business School's Global Executive MBA course has featured among the best 10 programmes globally in the FT Executive MBA Rankings, 2023. The institute has an alumni base of over 55,000.

Why IESE Business School is the best Business School in the World Highlights:

  • 94% of MBA graduates obtained employment within three months of passing out
  • Top employers were Amazon, Bain & Company, CITI Group, Mastercard, McKinsey & Company, Morgan Stanley, Pepsico, Roland Berger, Novartis, etc
  • The duration of the MBA programme is 15 or 19 months

4) Harvard Business School

The university offers various online certificate courses, taught by award-winning teaching faculty. Harvard University first started offering MBA courses back in 1908. The main focus of Harvard while offering an MBA is to develop leaders. Many influential business leaders have pursued their management degrees from one of the best business and management schools in the world. The Harvard Business School has a total of 7,000 alumni.

Why HBS is the best Business School in the World Highlights:

  • Need-based scholarships are awarded to 50% of the students 
  • A total of 1,015 students are enrolled for the MBA batch of 2024, out of which 46% are women and 38% are men
  • 38% of the students in the MBA 2024 batch are from overseas, representing 65 nations
  • 13% of the students enrolled on the MBA course at Harvard Business School are first-generation students
  • Among the top employers of business school graduates are Adobe, Bank of America, Capital Group, Dell Technologies, eBay, Facebook, Google, IBM, JP Morgan Chase, L'Oreal, Mastercard, Netflix, PayPal, Tesla, Walmart, YouTube, 3M Company

5) Stanford Graduate School of Business

Incepted in 1885, Stanford University has a total of 16,937 students and 2,288 faculty. Among the university members are those who have received a Nobel Prize. The student-to-faculty ratio is 5:1. The university has 7 schools, namely - Business, Doerr School of Sustainability, Medicine, Law, Education, Engineering, and Humanities and Sciences.

Why Stanford is the Top B-School in the World Highlights:

  • In 2024, 19% of the batch went forward with their business/start-up
  • The median base salary recorded in 2024 for MBA is $175K and the mean base salary is $182K
  • 90% of the 2024 MBA class, searching for employment, obtained a job offer within three months of passing out

6) SDA Bocconi School of Management

The biggest Business School in Italy, SDA Bocconi School of Management was set up in 1971. The institute also offers specialised Master's courses in health care, food and beverage, HR, marketing, finance and economy, public administration, etc. It also features as one of the best Business Schools globally for custom programmes. SDA Bocconi also holds the triple crown accreditations - AMBA, AACSB and EQUIS.

Why SDA Bocconi School of Management the Top B-School in the World Highlights:

  • The duration of the MBA programme at SDA Bocconi is one year
  • In 2024, 35% of the MBA students were females
  • The average age of the students in the MBA batch, in 2024, is 29 years

7) University of California at Berkeley

Established in 1898, the University of California's Haas School of Business at Berkeley is the second oldest business school in the US. Among its faculty members are two Nobel Prize recipients in Economics. HAAS offers various certificate courses, executive education, summer programmes, and six-degree courses.

Why UCB is the Best Business School in the World Highlights:

  • The MBA batch of 2024 has 46% of female students
  • A total of 247 students are enrolled on the MBA programme (2024 batch)
  • Top employers include Meta, Amazon, Adobe, Deloitte, Cisco, Bain & Company, Google, EY, Nike, etc
  • In 2024, 93.8% of the full-time MBA batch received employment offers and 92.8% accepted the same

8) Cornell University

MBA at Cornell University is offered by the SC Johnson College of Business. The Princeton Review 2023 B-School rankings placed the SC Johnson College of Business in 3rd position for the Best Professors category. In addition to the 2-year MBA, the university also offers a 1-year Johnson Cornell Tech MBA, Executive MBA/MS in Healthcare Leadership, PhD, MPS in Management, etc.

Why is Cornell the Top B-School in the World Highlights:

  • SC Johnson College of Business has over 15,200 alumni.
  • 97% of students of the 2024 Class received employment offers within 3 months after graduation.
  • The average Base Salary of the Class of 2024 stood at $155,048.
  • The highest salary stood at $215,000 per annum.
  • Top employers for Cornell University MBA included Amazon, Bain & Company, Bank of America, BCG, Citi, Corning, EY, PwC, Microsoft, McKinsey & Company, etc.

9) Northwestern University

Northwestern University MBA is offered by the Kellogg School of Management. It traces its origin to the year 1908 when it was founded as The School of Commerce. Kellogg School of Management offers various degree programmes that include a 1-year MBA, 2-year MBA, MMM, Part-Time MBA, Doctoral Programme, etc.

Why is Northwestern University the Best B-School in the World Highlights:

  • The top industries where the students of the Class of 2024 were placed included Technology, Consulting, Financial Services, Consumer Packaged Goods, and Healthcare.
  • Top employers included Bain & Company, BCG, Deloitte, McKinsey & Company, Nike, PepsiCo, Baird Capital, Oak Street Health, etc.
  • The median base salary stood at $164,000 per year.

10) Yale School of Management

Yale School of Management traces its roots to the year 1976. Yale University offers various academic programmes that include a 2-year MBA, Executive MBA, Master of Advanced Management, Masters in Asset Management, PhD, etc.

Why is Yale the Best Business School in the World Highlights:

  • 1% of students received an employment offer within 3 months of graduation.
  • The median salary stood at $160,000.
  • Consulting, Investment Banking, Management, Financial Services, and Venture Capital were the top industries.

Top recruiters at Yale were Accenture, Arcadis, Bain & Company, EY, ICF, PepsiCo, Ralph Lauren, etc.

Other Best Business Schools in the World

Apart from the above-mentioned universities, other institutes which are among the top 30 world business schools that have been recognised as the best global 1-year programs are offered by these institutes.:

Students are advised to visit the official websites of these MBA colleges and research various other facts that will help them make an informed decision.

Related Articles:

MBA vs MiM MBA in Abroad under 10 Lakhs Business Schools without GMAT requirements
Average GMAT Scores Required MBA Abroad  Business Schools without GMAT requirement MBA Abroad Eligibility

Want admission abroad across the top B-schools? Sign up for free counselling at Shiksha Abroad Counselling or write to us in the comments below. 

Best Business Schools in the World FAQs

Q. Is it worth pursuing MBA abroad?

A. Depending on a number of variables, including your professional ambitions, financial condition, preferred location, and personal situations, you must decide if getting an MBA abroad is worthwhile. A major time, money, and effort commitment are required to pursue an MBA overseas. However, it may provide a distinctive and gratifying experience, worldwide exposure, and chances to further your career. Some of the reasons to pursue an MBA abroad include global exposure, adaptability, high salaries, career outcomes, etc.

Q. Which are some of the top B-schools abroad?

A. Top business institutions all over the world offer MBA programmes. The ideal business school to attend will depend on a person's interests, preferences, and professional objectives. Harvard Business School, Stanford Graduate School of Business, Wharton School at the University of Pennsylvania, INSEAD in France and Singapore, London Business School, Columbia Business School, and many others are among the top-ranked business schools in the world and are renowned for their outstanding MBA programmes. These institutions provide MBA students with high-quality instruction, world-class instructors, and a wide variety of learning possibilities.

Q. Will an MBA abroad improve my career prospects?

A. Your professional opportunities will undoubtedly increase if you get an MBA overseas. You may receive a top-notch education, possibilities for advanced study, exposure to different cultures, and the possibility to develop a strong network of connections that can be useful in the corporate world by enrolling in a top business school overseas. Employers frequently look for applicants with strong foreign experience, cultural sensitivity, and commercial acumen, which may improve your CV and raise your chances of landing top jobs at global corporations. Furthermore, by studying an MBA overseas, you'll have the chance to grow skills while being immersed in a diverse, international business and economic setting, which may greatly assist you raise your profile overall.

Q. Is MBA abroad expensive?

A. The cost of an MBA degree earned abroad varies depending on the nation, university, and programme picked, and some prestigious business schools have very expensive tuition costs. However, overseas students can look into a number of scholarships, financial assistance plans, and work-study opportunities to lessen the financial strain. However, despite the cost, doing an MBA abroad offers a special chance to learn about a different culture and develop abilities that are useful in the business world.

Q. How do I reduce the cost of pursuing an MBA abroad?

A. When pursuing an MBA abroad, the cost is a significant factor. Here are a few ways to reduce the cost of pursuing an MBA abroad:

  • Scholarships: For the assistance of foreign students, several business schools overseas provide a range of scholarships and financial aid options.
  • Part-time work: You may choose to work in order to reduce the cost of pursuing an MBA abroad.
  • Online MBA: Some business schools offer online MBA programs that are more affordable than on-campus programs.
  • Grants: Make sure to check if you qualify for any educational grants or scholarships.
About the Author
author-image
Written by
Raj Vimal
Study Abroad Expert

Raj Vimal has experience of 7+ years in SEO Content Writing, which includes 5+ years in the Ed-Tech industry. He has written articles about studying abroad, especially in the USA, UK, and other English-speaking coun... Read Full Bio

Browse universities abroad