An MBA is a proven way to demonstrate your grasp of the best management theories and practices to future employers. You benefit from invaluable on-the-job experience as you work alongside leaders in real-life businesses.
Although some think that MBAs are not as prestigious as they once were, the number of high-paying jobs that require an MBA suggest those fears are unfounded. So, if you’re thinking of going to a business school, here are nine of the best countries to consider.
Every year, the Financial Times of London lists its top 100 business schools. Factors considered in ranking include an ESG rating, the percentage of graduates employed within three months post-graduation and weighted salary three years after graduation. The publication conducts assessments every other year.
Did you know? The first-ever MBA course took place at Harvard University Graduate School of Administration in 1908. Forty-seven students became the first graduates.
Half of the top 100 business schools are located in the United States, the best of which are mixes of private and public academic institutions.
The U.S. is home to the following renowned Ivy League business schools: [Read related article: Give Your Brain a Boost: 12 Books Guaranteed to Make You More Intelligent .]
These are the top 10 US business schools, by weighted salary, that are not in the Ivy League:
Nine British universities finish in the FT’s Top 100 Business schools. Four British universities also finish in Bloomberg’s European B-Schools Ranking list: London in fourth, Judge at Cambridge in eighth, Saïd at Oxford in ninth and Imperial College at 15th. The London Business School was the first European academic institution to rank at top of the global MBA ranking in 2009.
Here are the top business schools in the UK:
Befitting its status as the world’s second-largest economy, Chinese business schools have begun to appear in greater numbers on top business school lists. China currently has six institutions named in the list.
The top business schools in China are as follows:
Top scorer CEIBS is a joint venture between the Chinese government and the European Union. In addition to making the Financial Times of London list, it also finishes in the top five of equivalent Bloomberg Businessweek and Forbes polls. The university recently attracted negative attention with the publication of the 11-part CEIBS diaries detailing the unpleasant experiences of its overseas students.
The top business schools in India are listed below:
The Indian Institute of Management at Ahmedabad has been given the status of an Institute of National Importance by the country’s Ministry of Human Resources. It’s also home to the well-regarded Centre for Innovation, Incubation & Entrepreneurship.
These are top business schools in France:
HEC limits the number of students it takes on each year for its 16-month MBA course to 300. Edhec has domestic campuses in Lille, Nice and Paris, with international campuses in London and Singapore.
These are the top business schools in Canada:
The Ivey Business School is also very highly ranked by Bloomberg Businessweek, the Wall Street Journal and the Economist. The college also gives its name to the Ivey Purchasing Managers Index (IPMI), which it operates in association with the Purchasing Management Association of Canada.
The top business schools in Singapore are below:
The National University of Singapore Business School is the best-rated Singaporean institution on Bloomberg’s list of Asia-Pacific business schools. It ranks fourth overall, behind the Shanghai University of Finance and Economics, Hong Kong’s HKUST Business School and China’s CEIBS.
Below are the top business schools in Hong Kong:
The HKUST School of Business and Management offers full-time MBA courses and Executive Education programs. It’s also part of the prestigious The Hong Kong University of Science and Technology.
HKUST’s Executive MBA program is delivered in partnership with Kellogg School of Management. Qualifications are also accredited to both the European Quality Improvement System (EQUIS) and the Association to Advance Collegiate Schools of Business (AACSB International).
These are the top business schools in Germany:
The Mannheim Business School offers four MBA programs: the Mannheim & Tongji Executive MBA, the ESSEC & Mannheim Executive MBA, the Mannheim Executive MBA and the Mannheim Master of Business Administration. Class size is limited to 60 for the full-time MBA course.
Some top business schools can be found in several locations. Insead (186,784), for instance, has campuses in France, Singapore, San Francisco and Abu Dhabi. ESCP Business School (118,273) is also an institution with several campuses, including France, Germany, Spain and Italy.
The lifetime premium of an MBA (the additional salary you earn over someone who’s not earned an MBA) is $790,000, but could go up to $5,010,000 if you get yours from a top three school, according to Payscale.
In a top-ranking MBA program, you’ll learn how to drive innovation, formulate strategy, oversee expansion, manage cash, improve performance and more. You’ll also learn all the people skills you need to provide leadership from the top down.
Earning an MBA is the clearest indication you can give to an employer about the direction you want your career to go in. Studying abroad makes that challenge harder. You’ll be immersed in a different culture, different laws and, sometimes, a different language.
Both show leadership teams that you’re willing to invest time, energy and money in yourself and that you want to work alongside them.
Additional reporting by Sean Hopwood.