Top 10 MBA Programs in the United States
The United States gave us the MBA program and the country’s business schools are still very much among the best. Institutions across the US dominated the QS Global MBA Rankings 2018 , with five of the 10 top programs in the world, but which are the top 10 institutions in the country?
Here’s our roundup:
1. Harvard Business School
The top institution in the US is also the world’s number one according to the QS Global MBA Rankings 2018. Harvard Business School is the originator of the MBA and offers one of the most competitive and selective MBA courses in the world. With alumni including the likes of Michael Bloomberg – the 10th richest man in the world and former mayor of New York – it’s not hard to see why. The institution also ranked first in employability and diversity, and second in entrepreneurship and alumni outcomes.
2. Stanford Graduate School of Business
The second highest ranked business school in the US is Stanford . The Californian institute is famed for its technological successes, with many alumni going on to found successful enterprises including Google, Hewlett-Packard and Cisco Systems. For specific criteria, Stanford ranks first in entrepreneurship and alumni outcomes, and fifth for return on investment and thought leadership.
3. The Wharton School, University of Pennsylvania
Third in the US is the Wharton School . One of the most exclusive institutions in the world, alumni include CEOs of Google, Apple, LinkedIn, Pepsi, Time Inc., and many more. For specific criteria, it ranks second for employability and thought leadership, and fourth for entrepreneurship and alumni outcomes.
4. MIT Sloan School of Management
MIT is famed for producing some of the most innovative graduates in the world, and its business school is no different. It ranked first for thought leadership both in our US ranking and the global ranking. For entrepreneurship and alumni outcomes the institution ranks second in the US, and for employability it comes in at sixth position.
5. Columbia Business School
The only Ivy League business school in New York, the world’s financial heart, Columbia is fifth in our US ranking. For employability, it ranks in fourth position, fifth for entrepreneurship and alumni outcomes and eighth for thought leadership.
6. Haas School of Business, University of California Berkeley
Part of the University of California, Haas School of Business is located in Berkeley and specializes in producing innovative and creative alumni. In the US, the institution is ranked third for thought leadership, fourth for diversity, seventh for employability, and 10th for entrepreneurship and alumni outcomes.
7. The University of Chicago Booth School of Business
Seventh in the top 10 is Chicago Booth , the second-oldest business school in the nation and the first to offer an executive MBA program. It belongs to M7, an elite group of MBA programs across the USA and has additional campuses in London and Hong Kong. It ranks fourth in our list for thought leadership, fifth for employability, and 11th for entrepreneurship and alumni outcomes.
8. The UCLA Anderson School of Management
The UCLA Anderson School of Management is eighth in our US top 10 and is located in Los Angeles, an astoundingly creative city with the third largest GDP of any city in the world. The institution is seventh for thought leadership, eighth for employability, and ninth for entrepreneurship and alumni outcomes.
9. The Kellogg School of Management, Northwestern University
The business school of Northwestern University has spent the last 100 years training some of the world’s top business people. The institution was among the first to promote a teaching style which focuses on teamwork. The business school ranks third for employability, seventh for entrepreneurship and alumni outcomes, and 10th for thought leadership.
10. Ross School of Business, University of Michigan
Finally, the Ross School of Business , part of the University of Michigan. The school ranks second in the USA for diversity, sixth for entrepreneurship and alumni outcomes, 11th for thought leadership, and 12th for employability.
Amelia Hopkins is a writer for TopMBA, covering the latest news in business and business education. A graduate of the University of Leeds and Yorkshire native, she enjoys reading, travelling and talking incessantly about the countryside.
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Best MBA in Canada
Top business schools in Canada – Ranking, costs, salaries
Besides blessing the world with intellectual eye candies like Ryan Gosling and Justin Trudeau, Canada is becoming a haven for international students. As of 2016, there were 353,000 international students exhibiting a surge of over 90%, since 2008, according to the Canadian Bureau of International Education.
Canada itselfis doing pretty fine too, earning an annual income of nearly eight billion Canadian dollars from student expenditures. Seven of the world’s top 150 universities are Canadian, according to the QS World University Rankings of 2018. For MBA graduates, however, the list of employment opportunities dwindles in comparison to the US, with more than 98% of its firms being small, with fewer than 100 employees.
Rest of the nearly 2% consists of medium sized firms,with about 500 employees. These small to medium sized companies, or SMEs, are responsible for creating an annual job requirement of around 100,000 and their contribution to the economy is over 50%.
Even though the country may not have as many MBA rewards, to offer, as its popular neighbour, it does still provide an excellent environment for education with certain advantages. So, let us overview the features of studying in Canada, as an international student, from the perspective of an MBA degree in the country.
Why study MBA in Canada?
Canada is one of the top countries for overall convenience of studying abroad. It features on our list of top countries to study abroad , based on inputs from MBA applicants who have worked with us. It offers affordable education, with world class resources, a multicultural exposure, good living standards, and most significantly, the opportunity to conveniently transition from studying to a legal working status. Let’s address some of its salient features and we will direct you to relevant articles when suitable.
Multiculturalism was officially adopted, as a policy, in the early 1970s. The country believes in a Canadian culture which is an amalgamation of various religions, regions, languages, and cultures. Immigration is considered economically, and socially, quite crucial to the nation. They believe in policies that actively engage immigrants in the Canadian society.
Currently, the country has the highest per capita immigration in the world, with a large percentage of its population belonging to a first, or second, generation immigrant family or refugees. Clearly,they take the word “Multiculture” quite seriously with actual legislated policies to back up their welcome mats.
Such an environment creates a favourable lifestyle for international students flocking in from all over the world. The language, still, plays a significant role in the adjustment process, even in the French provinces. Bilingualism is common with nearly 18% of the population capable of carrying on a conversation in either French or English. The rest know at least one of the languages.
As far as other ethnic groups are concerned, you can find a strong presence of Asian cultures, especially a large number of Indian and Chinese people. There are 34 ethnic groups in Canada, as of 2006, with some crossing a million-population mark. So, finding the Indian neighbourhood, for a quick desi food craving, can be quite easily resolved, especially in the bigger cities.
International students can avail of the rather straightforward immigration process to earn their right to work legally in the country. If you, an international student in Canada, graduate from a Designated Learning Institution (DLI), which is any institution approved by provincial or territorial government to host foreign students, you may be eligible to apply for a Post-Graduation Work Permit (PGWP).
You need to qualify certain eligibility criteria that require you to be enrolled full-time in a DLI program for more than eight months. The validity of the PGWP depends on the duration of study.
For instance, 2 year MBA graduates can stay up to 3 years. For any program less than 2 years, but more than 8 months, the validity lasts up to the length of the study program. Qualified students are also eligible to apply for permanent residency through Express Entry. The details are updated regularly on their immigration website here .
Quality of Life
Canada offers an excellent lifestyle to its residents. Medical treatments are not just state of the art but also free, covered by the same government which also promotes multiculturalism. Talk about a sweet deal!Tuition fees are also much cheaper than the US, however, MBA remains one of its costlier degrees.
But if you were to compare actual numbers, still, an average tuition of $52,000, for EMBA in Canada, is still far cheaper than the often $150,000 – $200,000 price tag that more than a few US universities carry. Though some of the popular MBA programs have inched closer to the pricier side, even in Canada.
Average regular MBA costs are around $30,000. Anyone, with a current student loan for an MBA in the US, can vouch for how reasonable this number is. Average salaries, upon graduating from a well-recognized MBA program, can be around $100,000.
So, clearly lifestyle choices can also hover around upscale and comfortable. Here are a few average costs to keep up the good life, as obtained from Numbeo .
|Per month||Toronto||Ottawa||Quebec City||Vancouver||Edmonton||Calgary||Winnipeg||Montreal|
|Rent for one BHK||$1,000 – $1,400||$700-$940||$440-$540||$1,000-$1,500||$750-$950||$700 – $900||$650-$730||$500-$800|
|Quality of Life Index*||150.3||181.1||170.9||160.9||150.5||164.1||130.1||154.4|
*Overall quality based on safety, pollution, health, purchasing power, commute, climate, income, and cost of living. Higher the index, the better is the quality of life. Prices are in USD.
- Average MBA Salaries after 10-20 years for USA and Canadian Business School Graduates
- Canadian MBA Programs among the top MBA colleges in the world: Payback Time
- All about Education Loans
- How students can reduce the burden of Education Loans
Top Business Schools for an MBA in Canada
|No.||B-School||Ranking||Weighted/Average Post MBA Salary|
|1||University of Toronto – Rotman School of Management||#65 (Global)|
|2||Western University – Ivey Business School||#94 (Global)|
|3||Queen’s University- Stephen J.R. Smith School of Business||#100 (Global)|
|4||Schulich School of Business, York University||#69|
KUBS Worldwide Business Research Rankings
|6||McGill University – DesautelsFaculty of Management||#25 International Rank, Bloomberg Businessweek||$89,500|
|7||University of British Columbia – Sauder School of Business||#38|
QS Rank for Business Degrees
|8||University of Alberta||#101-#150|
QS Rank for Business Degrees
Before we jump into the details of the full, part, and executive, MBA programs in the top business schools in Canada, let us get a fair understanding of what these varieties imply.
- Types of MBA Programs – Full, Part, Dual, Executive, Distance, etc
Full & Part Time MBA in Top B-Schools in Canada
|RotmanSchool of Management|
Full Time MBA
( Scholarship )
|Rotman School of Management|
|Ivey Business School MBA|
(Option of Advanced Entry – Deferred Admission- Available)
( Scholarships )
|Ivey Business School Accelerated MBA||8 months||$61,000|
|Queen’s Smith School of Business Full Time MBA||1 year||$71,445|
( Scholarships )
|Queen’s Smith School of Business Accelerated MBA (Part-Time)||1 year||$81,000|
|York University – Schulich Full Time MBA|
(Part Time & Accelerated available)
|York University – SchulichInternational MBA|
(Part Time available)
|York University – Schulich MBA India||16-20 months||$83,400|
|HEC Montréal – Full Time MBA||1 year||$33,200|
|McGill Desautel – Full Time MBA||20 months||$89,000|
( Scholarships )
|McGill Desautel – Professional Part Time MBA||32 months||$79,500|
|UBC Sauder – Full Time MBA||16 months||$60,440|
( Scholarships )
|UBC Sauder – Professional MBA||2 years||$56,000|
|UBC Sauder – International MBA||20 months||$54,000|
|University of Alberta – Full Time MBA||20 months||$53,392|
|University of Alberta – Part Time MBA||Maximum 6 years||$51,020|
|University of Alberta – Fast Track MBA||10 months||$1,220/course plus additional charges|
Executive MBA in Top B-Schools in Canada
|Rotman School of Management|
|Queen’s Smith School of Business Executive MBA – The National Program||16 months||$101,000|
|Queen’s Smith School of Business Executive MBA, Cornell-Queen’s||17 months||$137,794|
|Kellogg – Schulich Executive MBA||16 months||$94,212|
|HEC Montréal/McGill – Executive MBA||15 months||$69,900|
|University of Alberta – Executive MBA||20 months||$67,000|
Besides the above, Concordia University, McMaster University, University of Montréal, University of Waterloo, and University of Western Ontario, are also renowned for their business programs.
Information is dynamic and we encourage you to explore Canada as a viable, and excellent, alternative, to USA, for an MBA in North America. The favourable work permit, and the overall welcoming culture, are compelling reasons to pursue an education in Canada.
Good Luck and hope you find your best fit.
Here are a few links to expand your know-how.
- Best MBA in Canada for International Students
- MBA, after 35, at HEC Montréal, with a scholarship, despite a low GMAT score
- Rotman MBA beckons Indian applicants
- Rotman MBA Admissions Team Interview
- MBA in Canada vs India for Healthcare Marketing applicant
- MBA in Canada (Rotman) as an International Student
- MS in Canada – Costs, Top Universities, and more
- Average Salary after MS in USA, Canada and Australia
Sources: 1 , 2 , 3 , 4 , 5 , 6 , 7