The corporate world is an aggressive scene and the competitive edge that you need to survive is often honed even before the learning process starts. Thus, it is always better to learn about the intricacies of business from the best international business schools worldwide.
The quality of education and type of curriculum offered is very important and top international business schools offer the luxury of exploring the industry's multifaceted aspects in detail at any level. These best schools provide an extensive range of business-focused courses from undergraduate to doctoral level, as well as exchange, interdisciplinary and executive/organization-focused programs. Concentrations may include everything from accounting and finance to real estate and social impact.
Before we give you the list of top 10 international business schools as ranked by Business Insider, we are giving you a glimpse on how these international business schools are evaluated and ranked as the best in the world. According to Business Insider Australia, the best international business schools are ranked based on five indicators: Reputation (35 percent), Average starting salary after graduation (25 percent), Job placement (10 percent), Tuition and fees (15 percent) and Average GMAT score (15 percent).
So, here are the top 10 international business schools this 2015:
1. University of Pennsylvania - The Wharton School
Located in Philadelphia, Pennsylvania, The Wharton School has an average GMAT score of 732 and average starting salary of $127,300. Because of its stellar reputation, high average starting salary and 95 percent job placement within the first three months of graduation, it earned the top rank for best international business schools this 2015 for all-around excellence.
2. University of Chicago - Booth School of Business
Known as one of the most expensive MBA degrees in the world, the Booth School of Business has an average GMAT score of 726 and an average starting salary of $125,000. Though expensive, it is a worthwhile investment since 98 percent of its students from the 2015 class had secured employment within three months after graduation.
3. Harvard University - Harvard Business School
Considered as having the world's oldest MBA program, Harvard Business School has an average GMAT score of 725 and an average starting salary of $131,600. And with the school's reputation with employers, it is still one of the most coveted business schools for students that have a cadre of successful alumni including politicians, CEO and billionaires.
4. Stanford University - Graduate School of Business
Perennially ranked as a top-two business school, Stanford has an average GMAT score of 733 and an average starting salary of $133,400. Top employers include Facebook, Yahoo, Yelp as well as a number of other Silicon Valley-based tech companies.
5. Massachusetts Institute of Technology - Sloan School of Management
Not only the best college in the Unites States, the Massachusetts Institute of Technology is also home to one of the best business schools. It has an average GMAT score of 716 and an average starting salary of $126,300.
Also on the top 10 list of the best international business schools are:
6. Northwestern University - Kellogg School of Management
Location: Evanston, Illinois
Average starting salary: $121,500
Average GMAT score: 724
7. Columbia University - Columbia Business School
Location: New York, New York
Average starting salary: $127,600
Average GMAT score: 715
8. Dartmouth College - Tuck School of Business
Location: Hanover, New Hampshire
Average starting salary: $123,900
Average GMAT score: 716
9. Yale University - Yale School of Management
Location: New Haven, Connecticut
Average starting salary: $119,100
Average GMAT score: 713
10. University of California at Berkeley - Haas School of Business
Location: Berkeley, California
Average starting salary: $121,800
Average GMAT score: 715
While most if not all of the aforementioned schools are located in America, the University of London - London Business School is also on the top 20 list, ranking at number 12. At rank 18 is INSEAD, which has campuses in France, Singapore and Abu Dhabi. Whereas University of Cambridge - Judge Business School is ranked on the 19th.
There are also leading business schools in Asia and the South Pacific and one of them is SP Jain School of Global Management in Singapore. While in Europe, HEC Paris MBA and University of Birmingham - Birmingham Business School are also both notable as well as the Suliman S. Olayhan School of Business/ American University of Beirut in the Middle East, Newsweek noted.
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