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Top 10 Best Business Schools in the World 2024: Universities List

Top 10 Best Business Schools in the World 2024: Universities List

Edited By Porishmita Paul | Updated on Jul 18, 2024 04:19 PM IST | #IELTS

Many students aspire to study abroad at one of the best business schools in the world. Hence, If you're dreaming of pursuing an MBA from one of the top 10 business schools in the world, you're in the right place! The year 2024 has some exciting updates on the best MBA programmes in the world, and we've got all the information you need. Getting admission to the top best business schools in the world opens a wide range of career opportunities leading to career advancement after graduation from the world's best business schools.

If you want to study in the best school for your business course, then why not start with the 10 best business schools in the world 2024? When it comes to business education, certain colleges consistently rank among the top 100 business schools in the world 2024. These best MBA colleges in the world are known for their excellent teaching, experienced faculty, and strong networks of successful graduates.

From the United States and Europe to Asia, the top MBA colleges in the world provide a world-class education. Most of the best Business Schools in the World are located in the USA. Next to it, the UK, China, Australia, and Canada have some of the major numbers in the top 100 business schools in the world. Harvard and INSEAD business schools rank in the top positions in the subject of Business and Management as per the QS World University Subject Rankings 2024.

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Read the article below to check the top 10 business schools in the world for 2024, according to the QS and Financial Times rankings. These schools are famous for their high-quality education and are perfect for those aiming for the best MBA programs.

Top 10 Best Business Schools in the World 2024

Here we have covered the top 10 business schools in the world as per the QS World University Ranking by Subject Business and Management Studies 2024. The universities have been ranked based on academic performance, employability, and faculty-related parameters. These universities are simultaneously listed among the top business schools in the world by different world-ranking organisations like THE, Financial Times, and others.

Top 10 Best Business Universities in the World

B- School Name

Country

QS World University Ranking by Subject Business and Management 2024

Harvard University

United States

1

INSEAD

France

2

London Business School

United Kingdom

3

Stanford University

United States

4

Massachusetts Institute of Technology - MIT

United States

5

University of Oxford

United Kingdom

6

University of Pennsylvania

United States

7

University of Cambridge

United Kingdom

8

Bocconi University

Italy

9

National University of Singapore (NUS)

Singapore

10

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Harvard Business School

Harvard's Business School was founded in 1908 at Harvard University. It is a graduate school located in Boston City USA. This B-school offers MBA courses and eight PhD-level programmes in different specialisations such as accounting, management, health policy, marketing, operations, and more. Additionally, Harvard offers multiple executive education programmes for professionals based on topic-focused learning curricula with a global perspective. The Harvard Business School acceptance rate for international students is around 3%.

Harvard is one of the top MBA colleges in the world and the university offers 2 years full-time MBA with a general management curriculum. The HBS makes the MBA affordable for students by offering need-based scholarships for almost 50% of its students. The Harvard MBA fees for international students is around USD 76,500 per annum.

INSEAD

INSEAD is a graduate business school founded in 1957. The school has 4 campuses in Europe, Asia, Abu Dhabi, and San Francisco. INSEAD offers various master's, doctoral, and executive education programmes for overseas candidates and is listed among the best business schools in the world. The INSEAD acceptance rate ranges from 30 to 35% for international students.

The university’s research in bringing new ideas and knowledge is disseminated through the school teachings for the students. The Global MBA programme of INSEAD is ranked 2nd position in the top 10 business schools in the world Financial Times 2024. The INSEAD MBA fees for Indian students is approximately USD 108,000 per year.

London Business School

The London Business School was founded in 1964 and is located in the London City of the United Kingdom. The London Business School acceptance rate for international students of 20%. It is among the best business schools in the world with 90% of international students enroled in MBA programmes.

The London Business School offers various business courses in master, doctoral, and executive education programmes in multiple specialisations like Accounting, Economics, Marketing, Entrepreneurship, Finance, Management and Operations, Organisational Behaviour and Strategy, etc. The London Business School MBA fee is around USD 125,000 per year.

Stanford University

The Stanford Graduate School of Business of Stanford University was founded in 1925. The school is located in California USA and holds its name in the list of 10 top business schools in the world. The B-school delivers programmes in MBA, 1-year master's in management (MIM), and other PhD courses. The MBA fees at Stanford University for international students is around USD 82,500 per annum.

These insightful programmes are focused on leadership and teaching and are offered to students from world-class researchers and successful business leaders. The Stanford University acceptance rate is 4% for admissions. Being one of the top 10 best business universities in the world it has a graduation employment rate of 60.9 to 82.8%.

Massachusetts Institute of Technology

The MIT Sloan School of Management is located in Cambridge city of Massachusetts, USA. The B-school offers both undergraduate and graduate courses. Considering admissions the MIT Sloan School of Management acceptance rate is 13.8%. MIT is one of the top 10 best business schools in the world for undergraduate courses.

The MIT MBA fee for international students is approximately USD 84,000 per year. Here, students from the UG courses can participate in research along with their faculty and this can be advantageous for students who are exploring wide range of career opportunities.

MIT Sloan offers over 90+ executive business programmes are offered both in person and online which are fueled by cutting-edge research and the latest technologies. MIT Sloan is in the top 10 business schools in the world QS 2024 and it also holds a graduation employment rate of 80%.

University of Oxford

The Business School of Oxford was founded in 1996 and is located in Oxford the United Kingdom. The school offers 15-degree programmes at UG and PG level covering subjects like economics, management, law, global health care, finance, and project management, etc. The MBA tuition fee for Said Business School for Indian students is USD 85,000 per annum.

The Master in Finance is one of the highly ranked subjects as per QS 2024 Subject Rankings. The university also offers a wide range of scholarships, especially for MBA programmes to support its students in their education. The Said Business School acceptance rate is 20%, this demonstrates the highly selective policy for admissions.

University of Pennsylvania

The Wharton School of Pennsylvania is the World’s first Business school established in 1881. The school is located on the Philadelphia campus of the University of Pennsylvania, San Francisco, USA. The University of Pennsylvania acceptance rate is 7% indicating a highly competitive admission process for international students.

The Wharton school offers a range of courses in UG, masters, PhD, executive education, global and interdisciplinary programs, etc. The MBA tuition fee for the Wharton School of Pennsylvania is USD 84,800 per year. The school is one of the top 10 best business schools in the world 2024 and it offers a flexible curriculum, innovative learning, and leadership development through its teachings.

University of Cambridge

The Cambridge Judge Business School of Cambridge University was founded in 1990, in the UK. The Cambridge Judge Business School acceptance rate is 31%, students must fulfill all the required eligibility criteria to stand out among other applicants.

The school offers 12 postgraduate courses in master's and doctoral programs in subjects like finance, management studies, business, innovation, strategy and organisation, etc., MBA, accounting, etc. The MBA tuition fee for Cambridge Judge Business School is USD 75,000 per year.

Bocconi University

The SDA Bocconi School of Management Studies offers all the business and management-related programmes of Bocconi University. The school was established in 1971 in Italy. The Bocconi University acceptance rate is 38% for international students. It is one of the top 10 best business universities in the world with triple crown accreditation by AACSB, EQUIS, and AMBA.

This accreditation signifies the higher standards of teaching, employability, and strategic management, of the university. The Bocconi offers programmes like MBA, executive masters, and executive online programmes. The Bocconi University MBA fee is USD 81,000 for the whole programme.

National University of Singapore (NUS)

The NUS business school was founded in 1965 and is one of the best business schools in the world. The NUS innovates new teaching methods and leverages self-directed and experiential learning for the students. The acceptance rate for NUS B-school is 7%. It offers a range of academic programmes at the undergraduate and PG levels like BBA, MBA, PHD in management, etc, and more.

The MBA tuition fee for NUS B-school is USD 56,000 The marketing subject offered by the NUS is ranked in the top 8th position in QS subject rankings of 2024. The university has a diverse student body and world-class faculty with 170 members from over 20 international regions

Best MBA Programmes in the world

MBA is the most popular and most sought-after degree to study abroad. Here is the list of MBA programs offered by the best colleges. Check the list mentioned in the table below.

Top 10 Best MBA Universities in the World 2024

University

QS Global MBA Ranking 2024

Stanford Graduate School of Business

1

Penn (Wharton)

2

Harvard Business School

3

London Business School

4

HEC Paris

5

MIT (Sloan)

5

Columbia Business School

7

IE Business School

8

Cambridge (Judge)

9

IESE Business School

9

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Top 10 Best Cheapest Business Schools in the World

Pursuing a business degree can cost a fortune to international students. Top universities located in the USA, UK, and other top-world countries might charge higher tuition fees for international students. However, many popular universities offer the best education at affordable costs. Some of the best low-cost universities in the world for overseas students are listed in the table below.

Top 10 Best Affordable B-Schools in the World

University

Fees

University of Cologne

No Tuition Fees

University of Ljubljana

EUR 4,000

University of Warsaw

EUR 2,000 - EUR 4,000

Hanken School of Economics

EUR 12,000

Stockholm School of Economics

EUR 14,000

Aalto University School of Business

EUR 12,000 - EUR 15,000

NUS Business School

SGD 30,000

Indian Institute of Management (IIM)

Rs. 2,000,000

University of Mannheim Business School

EUR 3,500

IAE Business School

USD 12,000

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Frequently Asked Questions (FAQs)

1. Which colleges are best for MBA in 2024?

The top universities like Stanford Graduate School of Business, Penn (Wharton), Harvard Business School, London Business School, and HEC Paris are the best to enrol for an MBA in 2024.

2. What is Harvard Business School ranked in 2024?

The Harvard Business School ranks first place in the subject of Business and Management as per the QS World University Ranking 2024. Also it ranks the 6th position out of the 1254 best business schools for MBA programs as per the US News and World Report 2024.

3. Which is the no. 1 MBA university in the world?

The Stanford Graduate Business School is the top school in the world to study MBA given as per the QS global rankings 2024. The university offers a full-time 2 years MBA programme with a developed curriculum. The MBA admission here does not require any work experience.

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Questions related to IELTS

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If you have completed a master's degree in the UK, you might still need to take the IELTS test to qualify for a Permanent Residency (PR) or Work Visa in Australia. While your degree from an English-speaking country like the UK may demonstrate your proficiency in English, Australian immigration authorities typically require a standardized English language test score, such as IELTS, to assess your language skills formally.

For better guidance, Invicta Institute can provide you with detailed information and assistance regarding the specific English language requirements for Australian PR or Work Visa applications. Invicta's experienced counselors can help you navigate the process and determine if your UK degree suffices or if you need to take the IELTS test.

As a first-year B.Com student planning to pursue an MBA abroad, it's ideal to take your IELTS exam about a year before you plan to apply to universities, as the scores are valid for two years. This timeline allows you to retake the exam if needed and ensures you have ample time to prepare your applications. For personalized guidance and support in preparing for the IELTS and planning your study abroad journey, consider reaching out to Invicta Career Consultancy, which specializes in assisting students with their overseas education goals, While there are other options available, hence you can pay a visit to their website (icclearning.com) and get consult with them for better guidance. All the best to you.

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It is very highly unlikely to obtain a legitimate IELTS certificate without taking the exam. Any claims suggesting otherwise are likely scams. It is essential to take the exam through authorized testing centers to ensure the validity and credibility of the certificate.

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The IELTS General and IELTS Academic tests serve different purposes, so their difficulty levels can vary depending on your strengths and background. The IELTS Academic is generally considered more challenging, particularly in the Reading and Writing sections. It focuses on language skills needed in an academic setting, including understanding complex texts and writing essays on abstract topics. The IELTS General, on the other hand, is designed for everyday use, such as for immigration or work purposes, and involves more practical tasks like writing letters and understanding basic articles. If you're comfortable with academic English, the Academic test might be manageable, but for most people, the General test is slightly easier due to its more straightforward content. Consider seeking guidance from educational career consultancies such as Invicta Career Consultancy (ICC). These consultancies evaluate your academic profile and career aspirations, helping identify suitable scholarships based on your qualifications and chosen field of study. They also provide support for exams like IELTS, GMAT, SAT, GTE, and more. ICC stands out by offering comprehensive assistance, including entrance exam training, help with SOP writing, and guidance in selecting suitable colleges. When exploring consultancy options, evaluate similar firms to find the one aligning best with your educational goals.

The IELTS results are typically released 13 days after the test date, but the exact time of release can vary depending on the test center. While some test centers might release results at noon on the 13th day, others might have different schedules. For specific guidance and precise information regarding the release of your IELTS results, it is advisable to contact your test center directly. Additionally, for personalized assistance and expert advice on navigating the IELTS process and studying abroad, you may consider reaching out to Invicta Career Consultancy, which can provide tailored support based on your individual needs and goals, While there are other options available, hence you can pay a visit to their website (icclearning.com) and get consult with them for better guidance. All the best to you.

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