The Master of Business Administration (MBA) is a degree that has gained a fair amount of popularity in the last few years. It is a huge stepping stone for entrepreneurs, people in business, management professionals, etc. An MBA degree not only enhances your skill set but reflects a good impression on recruiters. However, doing your MBA from a renowned college can have even more benefits. We have listed below the Top 5 ranked Colleges you can pursue MBA from in the United States of America.
Stanford Graduate School of Business (GSB)
Stanford Graduate School of Business (GSB) is one of the most prestigious business schools in the USA and worldwide. The selection procedures of GSB are rigorous and competitive. The applications come in thousands, of which a class of approximately only 400 students is selected.
The college is located in Knight Management Center, 655 Knight Way, Stanford, CA 94305-7298, and currently, Jonathan Levin is the dean of the college.
The average GMAT score of the Stanford Business school turned out to be 773, with its average GPA falling in the range of 3.6 to 3.8. An estimation of the tuition fees was around $74,706 per year. Statistics show that, from the batch of 2019, 33% of Stanford GSB graduates pursued a career in finance, 24% in Technology, and 18% in consulting. 15% of the class went on to pursue entrepreneurial ventures of their own.
Harvard Business School (HBS)
Several people around the globe consider Harvard business school (HBS) as the holy grail of business schools. In addition to the MBA course, which takes two years to complete, HBS also has A Executive MBA programs, online programs, and 8 doctoral programs. The curriculum involves an amalgamation of case-based studies and experiential courses.
Located in Soldiers Field, Boston, MA 02163, Harvard business school is led by dean Srikant Datar. The average GMAT score of HBS stood to be 730, with an average GPA of 3.70. The class strength here is much higher than that of GSB, with 732 students in one class. However, the class strength doesn’t interfere with the stringent method of selection Harvard gloats about. The acceptance rate for HBS admissions was only 12%.
In 2020 after graduation, students took up careers that get them a median salary of $150,000 and a median signing bonus of $30,000. These numbers were higher than those reported in 2019, signifying the Harvard Business School’s growth. The areas of recruitment stood only a little different from those in Stanford. 34% of the class took to the Financial Services industry, 24% to consulting, and 19% to technology.
Kellogg School of Management
Kellogg School of Management has a leadership-oriented approach to its curriculum. It is located in Evanston and is a part of the Northwestern University. A global hub is where the classes for the MBA program take place, offering the students scenic views of Lake Michigan and Chicago Skyline.
Much like the other two business schools, the Kellogg School of Management has an impressive average GMAT score of 727 and an average GPA of 3.6. Kellogg is also a part of the M7 group of schools, including Harvard, Wharton, Stanford, Booth, Columbia, and MIT Sloan. Kellogg School of Management is known for its stress on human virtues and attributes like discipline, teamwork, etc.
In the batch of 2022, a sum of 559 students was enrolled, boasting a decently good inclusivity rate. 40% of the students were women, and the percentage of International Students was 26%.
For the class of 2020, consulting stood the most viable and the most opted-for career stream, with the recruitment of 36% of the students, followed by technology with 27.6%, and then financial services with 14.9 %.
The University of Chicago Booth School of Business
Popularly called Chicago Booth, this school focuses its 21 months MBA program on ideas and groundbreaking capabilities. Led by Dean Madhav Rajan, the Chicago Booth receives around 5000 applications every year. Of which only 621 are enrolled, that is less than even 13%.
The average GMAT score of the Business school was 724, which seemed to justify its tuition fee of $73,440.
Major employers of Chicago Booth graduates are McKinsey & Company, The Boston Consulting Group, Inc., Bain & Company, Inc., Amazon.com, Inc., Google LLC, and JPMorgan Chase & Co.. The median salary of the employees was around $1,50,000.
The NYU Stern has a full-time two-year-long MBA program equipped with a new co-curriculum that focuses primarily on conceptualizing ideas to bring about an affirmative change. The NYU Stern is also a proud owner of the STEM designation, allowing its international graduates to prolong their stay by 24 months above the already existing 12 months.
The recruitment rate of the college is far beyond excellent, with most graduates taking up careers in the Financial Services. Recruiters employed 7% of NYU Stern MBAs jobs within three months of graduation & 98 % of NYU Stern undergraduates usually have a job within six to eight months of graduating.
It has an average GMAT of 723 and an average GPA of 3.6.
Mentioned above are the most popular, internationally renowned, prestigious colleges where you can do your MBA from. However, it is a universal fact that no matter how good your school is, if you don’t work hard and put your 100 percent into something, you are always bound to be a step away from your goal, even if all the odds are in your favor. So buck up and be determined to put in everything required to get an admission into one of these best colleges and graduate with flying colors.