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Top 10 MBA Colleges in USA

Last Modified : June 04, 2016

Harvard Business School

Harvard Business School is one of the most prestigious MBA colleges in USA and has been ranked number 1 business school. Harvard Business School promises its students real life challenges and an immensely enriching experience through connections with alumni. It is a private institute with Harvard University as its parent institution. It offers full-time MBA for the largest entering class of 935 students.

As tempting and as famed the college is, it is one of the toughest colleges to get in with just 11 percent acceptance rate. The school boasts an average GMAT Scores of 730 Average and GPA of 3.67 average. Harvard only accepts internet-based (IBT) TOEFL and does not have a minimum score to apply. However, it discourages students with TOEFL score lower than 109, an IELTS score lower than 7.5, or a PTE score lower than 75 before applying.

Harvard has a rich alumni relationship to uncover multiple business opportunities for its students. Harvard is not just about learning from lectures and textbooks, it deals with making decisions under intense pressure, conflicting data and extreme politics.

The yearly tuition fee for the students in MBA Programme in Harvard Business School is $63,675.

A candidate who intends to lead and implore the entrepreneur world to its extreme is what HBS is looking for. HBS is looking for Global leaders to become part of its prestigious community. Harvard expects its students to think big and make a difference.

Stanford University 

Stanford Global School of Business offers two-year full time MBA Course and is one of the top universities to step into entrepreneurship. Stanford believes entrepreneurship as a noble calling and believes in changing the world with its power. Stanford Global Business School is one of the seven schools of Stanford. Stanford GSB is tied with Harvard as the top ranked business school globally.

With a good GMAT score, the admission committee also focuses on achievements and also evaluates how one has excelled within an individual academic environment. So, GPA is not the greatest importance to them. For admission, GMAT or GPA score is required but there is no preference of one test over the other. Students who have taken classes in their college in any other medium apart from English than TOEFL is a must, even if specific program is in English. Citizenship and/or work experience does not exempt one from taking the TOEFL. However, the test is exempted for those who have taken all their classes in English. TOEFL, IELTS and PTE scores are valid for two years and must be taken before the application deadline. The scores must be valid on the date of submission of application. There is also minimum score requirements for English Proficiency Tests:

TOEFL: 100 (for internet based test)

600 (for paper based test)

IELTS: 7.0 overall band score

PTE: 78(Overall Score)

Stanford GSB is a school fueled by innovation and collaboration. Stanford GSB cuts out the rest with its outstanding academic environment and learning experience. This is a place where one has to work hard to achieve more and more every day and by the end Stanford makes a perfect leader of its students at the end of the course. The tuition fee for every student is $66,540, however, 70 percent of the students secure scholarships, out of which 18% is fully funded.

University of Chicago 

Booth School of Business has an unmatched faculty with 7 of the faculty member being prestigious Noble Prize winners. Booth School of Business was established in 1898 and has been providing the world with ideas and leaders that shape the world of business since then. Booth has a rigorous discipline based approach to business education which transforms students into confident, effective and respected business leaders who find solutions to the toughest challenges.

The candidates who seek admission into Booth School of business should have completed their undergraduate from any affiliated university in the United States of America or any equivalent university in any other country. All the candidates must submit their GMAT and GRE scores and there is no minimum requirement of these scores. International students must take the test of TOEFL or IELTS or PTE. The evaluation criteria can be categorized into three broad themes i.e., 1. Curriculum 2. Community 3. Career.

It is a holistic process which evaluates each component of an individual’s academic achievements.

A candidate with academic preparedness, intellectual curiosity and communication skills is what Booth School of Business is looking for. A candidate should have a unique personal and professional experience which adds to a strong, congenial community that constantly supports the members to be the best they can be. The yearly tuition fee of a candidate for the full time MBA course is $63,980.

University of Pennsylvania

Ranked 4th best Business School in the world in 2016, Wharton School of the University of Pennsylvania is one of the top most business school for Finance in the world. Wharton was established in 1881 through a donation fromJoseph Wharton, making it the first business school in the United States.

Candidates applying must have a GRE and GMAT score not older than 5 years. Scores will be self-reported but they will be verified when the offer of admission in acquired by the candidate. TOEFL is required for non-native English speakers. The test may be waived for the students who completed their master or bachelor degree from a college with English as the medium of instruction. For admission into Wharton, Candidates can also be called for an interview.

Wharton seeks for a diverse group of talented people and students who will avail themselves of the rich academic, cultural, and social opportunities of the Penn community. Students who flourish at Wharton and Penn possess a history of academic excellence, a healthy degree of motivation, and a well-developed interest and involvement in their environment. The tuition fee for the students in the full time MBA program is $64,920.

Massachusetts Institute of Technology

The MIT Sloan School of Management is one of the best business school and has an intense one week orientation just after the admission of students. The Master in Management Programme was established only in 1995. The mission of MIT Sloan is "to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice." The curriculum is focused on action learning, which requires the students to step outside their classrooms and apply those concepts to real-world business settings. It is but one of the toughest school to get into with just 13.8% acceptance rate and accepts  GMAT Scores with average lying around 713. The entering class size is usually around 406 students. The yearly tuition fee for the students of MBA Course in MIT Sloan is $65,446.

For students who are passionate as well as innovative about their ideas. Sloan is the place. MIT Sloan is about invention and seeks students with curiosity and desire of turning their ideas into matter.

Northwestern University 

The Kellogg School of Management at Northwestern University offers full time MBA Course which provides several distinct fields to earn an MBA in. Each offers extensive options for achieving personal, professional and educational goals. Whichever one a candidate chooses, developing as a person and learning how to spark growth in any organization is bound to happen. The school offers one year as well as two year MBA Programme.

It is still tough to get into Kellogg School of Management at Northwestern University with its acceptance rate around 23.2%.. Generally the GMAT Scores required for admission range 724 and GPA of 3.6. In Kellogg School of Management, one will be able to grow their skills, connect with the alumni and shape their career while navigating business issues and actions that cut across the geographical boundaries.

With Kellogg, one is able to connect to the largest integrated global network and partner with international companies to impact and drive business.

The tuition fee for a 2-year MBA is $66,462.

Haas School of Business at University of California--Berkeley 

There is no doubt that receiving an MBA from one of the top 10 colleges opens door to a successful career path. The Haas School of Business at University of California can be one of the best decisions of one’s life. It offers three full time MBA Programs in management fundamentals and leadership qualities exposing its candidates to the latest ideas and trends of business.

The acceptance rate of The Haas School of Business at University of California is extremely low of 13.2% and accepts GMAT score around 715 average. Undergrad GPA average of the class averages around 3.66. The applicants will also have to submit their scores in English Language Proficiency Requirement. The tuition fee for the students pursuing their MBA is $53,907 per year (in-state, full-time); $55,968per year (out-of-state, full-time).

Haas is a public institution with its parent institution as the University of California. The Berkeley MBA Program is about leadership, fresh thinking, positive impact, and an incredibly talented, diverse, collaborative community—one that forms an invaluable, lifelong network.

The Dartmouth College

Amos Tuck School of Business Administration is the graduate business school of Dartmouth College in Hanover, New Hampshire. One of the top ranked business schools in USA with acceptance rate of 22.1% and average GMAT score of 716. The Amos Tuck School of Business Administration is profoundly rich in faculty and a diverse group of student.

Students here learn by doing and by being challenged at every step with case studies from real business world. Having a rich alumni and best faculty, the students here have a great direction and thus business school plays the role of pathfinder for them.

Tuck graduates continue to enjoy great career succes, with employment levels and compensation rates for Tuck’s class of 2015 at or near the highest of those in the top MBA programs worldwide.

The yearly tuition fee for the students in the full year course is $64,200 per year (full-time).

The Yale School of Management 

The Yale School of Management (also known as) is the graduate business school of Yale University and is located in Whitney Avenue in New Haven. The School conducts education and research in leadership, behavioral economics, operations management, marketing, entrepreneurship, organizational behavior, and other areas. 

The acceptance rate of Yale School of Management is 23.7% and accepts average GMAT score of 720 average. It is a private institute and offers full time as well as executive MBA program. The tuition at the School of Management at Yale University is $61,500 per year for full time MBA.

All students complete the Leadership Development Program and fulfill a global studies requirement, which typically involves a trip overseas.

Columbia University 

At Columbia, the very center of business, candidates will learn how to respond dynamically to challenging situations. Candidates can gain the skills that one needs to succeed in a fast-moving, competitive business environment and create opportunities where they once seem impossible. It offers a full time MBA Course for all the students but has one of the lowest acceptance rate at 18.2% . The average GMAT score of class is around 715.

Candidates who wish to apply should submit their transcripts. Their GPA and GMAT score should appear on transcripts. A candidate who has a degree from a college where the language of instruction was not English will have to take the exam of TOEFL or IELTS or PTE.

The candidate who are applying must have a dynamic and innovative ideas and interest in the entrepreneur global world.$65,988 per year (full-time).