If you wish to start your own business or quickly climb up the corporate ladder or simply desire to learn the tricks to becoming a good entrepreneur, then an MBA degree from a reputed university will go a long way in turning your corporate dreams and business aspirations into reality.
Master of Business Administration aka MBA is one of the most sought-after degrees across the world. And the United States of America happens to be a haven for MBA aspirants, thanks to a handful of prestigious, world-class business schools.
Before you send out applications to different business schools in the US, check out our list of Top 10 MBA programs in the country:
Year after year, Harvard Business School has been the number one choice for MBA aspirants across the globe.
Established in the year 1908, Harvard Business School has been consistently ranked as one of the topmost business schools in the country. It was America’s first college to offer a full time MBA program in 1908. Harvard Business School offers full-time MBA programs, doctoral programs, executive learning programs and an online course called Harvard Business X aka HBX. Under the name of Harvard Business School Publishing, it publishes books, leadership articles and a monthly magazine called Business Review.
Location: Boston, Massachusetts
Tuition Fee: $61,225 per year
Average GMAT Score: 730
Admission Percentage: 12%
Average Salary per annum: $134K
Ranked at No.3 last year, Booth School of Business has moved up the ladder in 2018 to become second best B-school in the country.
Established in the year 1898, Booth School of Business is the second oldest business school in the United States. It was formerly known as University of Chicago Graduate School of Business. It was renamed Booth School of Business after alumnus David Booth donated $300 million dollars to the business school. It offers full-time MBA programs along with Executive MBA courses and conducts researchers in finance, economics, market research, etc.
Location: Chicago, Illinois
Tuition Fee: $63,980 per year
Average GMAT Score: 726
Admission Percentage: 23.5%
Average Salary per annum: $127K
Wharton School of Business has jumped two spots in our B-school rankings from being 5th in 2017 to 3rd in 2018.
A part of the esteemed Ivy League University of Pennsylvania, Wharton School of Business was established in 1881 and is considered to be the oldest business school in the United States. It offers full-time postgraduate MBA degrees and Bachelor of Science in Economics at the undergraduate level. Millionaires like Warren Buffet and Donald Trump are alumni of Wharton School of Business.
Location: Philadelphia, Pennsylvania
Tuition Fee: $64,920 per year
Average GMAT Score: 732
Admission Percentage: 20.7%
Average Salary per annum: $130K
Stanford Graduate School of Business has dropped two spots this year to become 4th in the list of Top 10 MBA schools.
One of the seven schools of the prestigious Stanford University, Stanford Graduate School of Business was established in the year 1925. It offers full-time MBA courses, Ph.D. courses and MS in Management for mid-level executives popularly known as MSx program. The school also offers a joint degree with other Stanford schools like Engineering, Earth Science, Law, Medicine etc.
Location: Stanford, California
Tuition Fee: $64,050 per year
Average GMAT Score: 733
Admission Percentage: 7.1%
Average Salary per annum: $141K
Kellogg School of Management moves down by one spot this year to become 5th in the list of Top 10 MBA schools.
This is one of the very few business schools that has campuses in multiple locations such as Illinois, Chicago, Florida, and Miami. Kellogg School of Management partners with reputed business schools across the globe. It offers full-time MBA programs, part-time MBA programs, Executive MBA courses, Ph.D. degrees, MBA + MDI dual degrees, etc.
Location: Evanston, Illinois
Tuition Fee: $64,059 per year
Average GMAT Score: 724
Admission Percentage: 23.2%
Average Salary per annum: $124K
6. MIT Sloan School of Management (↑1)
MIT Sloan School of Management has steadily risen in our rankings to grab the 6th spot this year.
Established in 1914, MIT Sloan School of Management is a world-class business school that offers a bachelor’s degree, a master’s degree, doctoral degrees as well as an executive MBA. It mainly focuses on innovation in practice and research. Numerous Nobel laureates have been faculty at MIT Sloan. MIT Sloan Sports Analytics Conference is attended by top-level executives from NBA, NFL, NHL. Premier League etc.
Location: Cambridge, Massachusetts
Tuition Fee: $65,446 per year
Average GMAT Score: 716
Admission Percentage: 13.8%
Average Salary per annum: $125K
Tuck School of Business moves up from 8th spot to 7th spot in our 2018 rankings.
Founded in 1900, Tuck School of Business is one of the oldest schools to offer graduate programs in business administration. It offers a full-time MBA program and an executive MBA program for business executives and recently graduated students. Being one of the six Ivy League business schools, Dartmouth Tuck is one of the popular destinations for MBA aspirants.
Location: Hanover, New Hampshire
Tuition Fee: $64,200 per year
Average GMAT Score: 717
Admission Percentage: 22.1%
Average Salary per annum: $124K
Hass Business School has moved up the ladder in 2018 to become 8th in the list of Top 10 MBA schools.
Haas School of Business is one of the 14 schools of the renowned University of California, Berkeley. It has been rated as one of the top 10 business schools by many business dailies and magazines. It offers a full-time MBA program, Evening and Weekend MBA Program, Ph.D. Programs, Executive MBA courses, undergraduate programs and Master of Financial Engineering.
Location: Berkeley, California
Tuition Fee: $53,907 per year (in-state), $55,968 per year (out of state)
Average GMAT Score: 715
Admission Percentage: 13.2%
Average Salary per annum: $122K
9. Columbia Business School (↓3)
After a steep fall in our rankings, Columbia Business School ends up 9th on the list.
Established in 1916, Columbia Business School boasts to be one of the six Ivy League business schools. It offers full time MBA programs, doctoral programs, Master of Science degrees in Financial Economics and Marketing, Executive MBA programs of 20 months and 24 months respectively. Accounting, Marketing, Finance, Economics, Leadership, Human Resource Management, Healthcare Management, etc., are a few areas of focus in Columbia Business School.
Location: Manhattan, New York City
Tuition Fee: $65,988 per year
Average GMAT Score: 715
Admission Percentage: 18.2%
Average Salary per annum: $129K
Michigan Ross is the new entrant in our Top 10 MBA programs list this year!
A pioneer in action-based learning, Michigan Ross offers full-time, part-time and executive MBA programs in accounting, consulting, economics, entrepreneurship, finance, general management, health care administration and more. They have a well-reputed Ph.D. program as well.
Location: Ann Arbor, Michigan
Tuition Fee: $59,350 per year
Average GMAT Score: 708
Admission Percentage: 26%
Average Salary per annum: $120K
The tuition fees and rankings mentioned in the list are subjected to change every year. Getting into one of these top 10 MBA programs is a hard nut to crack and parameters other than the GMAT score are also evaluated before offering a seat to the applicant. We will be back soon with tips and suggestions to get into one of these top 10 business schools.