Enrolling in an MBA program in the world's top business universities could be a significant investment if you want to launch a successful long-term business career. A 2020 report released by the QS World University Rankings used vital factors such as academic reputation, the volume of research citations, and H-index to draft a list of the best-performing business schools. Among the list, business schools like Harvard, MIT, and Stanford rank highly. But equally, many Asian and European schools are very well respected. Let’s take a global look at some of the business schools that are truly the cream of the crop.
Top US Business Schools
The 2020 World University ranking saw about 120 American and Canadian business schools make the list. As expected, the Harvard Business School retained its prestigious title as the number-one business school in the world. This marks the 5th consecutive year the institution has topped global business charts. Globally, about nine American universities are named among the top 50 best business schools. The University of California, Yale University, New York University, and Columbia University are famous examples. Canada-based business schools such as the University of British Columbia and the University of Toronto are also reputable since they make the global top 50 list.
Top Business Schools in Europe
Europe boasts the largest representation on the list of the world's most reputable business institutions, with a staggering 205 business schools being ranked as top class. Up to 6 European business institutions make the top 10 list. INSEAD is often ranked as the best (if not one of the best) business schools. In the UK, the London School of Business scarcely loses its position as the best business institution in that region. The University of Oxford, Imperial College London, and the University of Warwick can also be found in the global top 50 business school rankings. Spanish business schools such as the IESE and the IE have also been included in the top 50.
Top Asian Business Schools
CEIBS stands tall as a prominent business institution in China, Asia. Situated in the city of Shanghai, CEIBS offers MBA programs centering on Chinese businesses. After undertaking intensive business programs, some CEIBS graduates receive up to a 187% increase in salary. 87% of these graduates can find their dream jobs in China. Also, in southeast Asia, the National University of Singapore (NUS MBA) is highly rated for its solid reputation in the business settings. The school boasts close to 120 professors from different countries around the world. International students account for nearly 60% of the school's population, with some students from Canada, Belgium, and Japan. An MBA program in NUS lasts for two years; much emphasis is placed on experiential learning.
To summarize, if you are hoping to become successful in the business world, then seeking higher education opportunities in the world's best business institutions such as those above will be an advantage. When you acquire business skills from such schools, starting your own business after graduation will almost be an easier task. It will also put you in a better position to handle challenges such as cash flow, tax compliance and assessing the cost of business insurance when trying to protect your business – the latter is becoming more essential during economic uncertainties such as the current pandemic.
