There are many elements that are to be considered while selecting the right business school. An MBA degree/ education prepares you not only for an immediate job but also for a long term career. Many aspects of the application process must be considered, including GMAT and GRE scores, essays, references, interviews and alumni status. Hence, a well informed decision is vital during the college shortlisting stage.
Another important factor to consider is the acceptance rate. Acceptance rates indicate how many candidates are accepted into a school’s MBA program, and they’re a reliable indicator of how challenging it is to get into your preferred program. The top ten MBA programs with the most applicants are all selective programs that admitted only a small percentage of those who applied. Eight of these schools follow an acceptance rate of less than 20%.
Top business schools with vast application pools have the luxury of admitting only the best individuals, especially if you are planning for MBA abroad. If you want to know more about the top b-schools and their acceptance rates, then given below are the top 10 MBA programs with the most applications.
If you wish to pursue your MBA in USA, Stanford Graduate School of Business achieved the highest grade for entrepreneurship and alumni outcomes recently. With an MBA acceptance rate of 8.9%, Stanford University is one of the world’s best and most competitive MBA programs. Around 651 people were admitted into the full-time MBA program at the school in 2020, out of 7324 applicants.
The Wharton School at the University of Pennsylvania, which earned some of the highest scores on the list for thought leadership, employability, and return on investment, has dropped to silver medal status from last year’s rankings. The Wharton MBA program is 21 months long and includes 18 majors (including accounting, finance, and marketing) as well as a summer internship program. Wharton’s MBA class of 916 students is the highest MBA class expected to graduate in 2022, up from 862 in 2018, with an acceptance rate of 23.1%.
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts, United States. The 24-month program at MIT Sloan School of Management has retained its bronze medal status from last year. The school is known for its outstanding research faculty, and it earned a near-perfect score for thought leadership. The MIT Sloan MBA emphasizes ‘Action Learning,’ which means students can gain hands-on experience developing management and leadership skills while assisting businesses in solving real-world business problems. The school has an acceptance rate of 14.6%.
Pursuing MBA in USA has its own perks, students have many top business schools or universities to choose from, Harvard University is one of them. Harvard Business School, the birthplace of the MBA, has climbed one notch to fourth place in the global rankings from last year. Over 80% of business school cases sold worldwide are produced by the school, which MBA students can read and work on during their program. Its 24-month curriculum earned high marks in terms of employability and thought leadership. Broadly, with a 9.2 per cent acceptance rate, Harvard is the next most competitive MBA program. The Harvard MBA received 9,304 applications in 2020, more than any other program.
The Rotman School of Management is the University of Toronto’s graduate business school, located in Downtown Toronto. Landing on the number one place in Canada for MBA programs yet again is Rotman School of Management, which also earned the highest scores for employability, thought leadership, and diversity. Three months after graduation, 83 per cent of students accepted jobs.
More than 90 elective courses are available in Rotman’s 19-month program, allowing for full customization. After the first year, the Flexible Internship Program offers three internship periods: May-August, September-December, and January-April. If you are someone planning to study MBA in Canada, then he/she should consider this school as their priority.
If you are dreaming to study for MBA in Singapore, INSEAD with an acceptance rate of 20%, the world’s second-best ranking European program, is ranked sixth, with high marks for thought leadership and employability. Students can select from 75 electives and study at the school’s two campuses in Fontainebleau and Singapore during the 10-month program.
With tuition fees of 74000 GBP, London Business School is the only British business school in the top ten world-wide rankings. The 21-month MBA program, which is located in one of the world’s financial centres, has earned high marks in terms of employability and thought leadership. LBS students have access to a professional network of top 500 global companies as well as a flexible program. The school has an acceptance rate of 34.7%, so if you are driven to study MBA in UK, one of the world’s most powerful economies, and as a member of the G20, it has an edge over other nations, so London Business school can be your golden opportunity as management programs are also seen as excellent networking opportunities.
With an acceptance rate of 17%, the full-time MBA from Columbia Business School (CBS) / Columbia University in New York City is ranked eighth. Students can select from over 200 electives, over 4,000 graduate-level classes, and a variety of career-focused concentrations, such as accounting, banking, and entrepreneurship. Employability and thought leadership were two areas where the school excelled.
The International MBA is the flagship full-time MBA program at IE Business School in Madrid. A total of 45 per cent of the curriculum is adaptable, allowing students to tailor it to their specific needs. Candidates can select from four labs to further explore their business interests during the core era. The curriculum earned high marks in terms of return on investment and employability.
Kicking off the worldwide top 10 is the MBA program at Haas School of Business at the University of California, Berkeley. The 21-month program consists of 12 required core courses and a variety of electives that allow you to customize the curriculum to your specific needs. For thought leadership, employability, and return on investment, the Haas MBA earned high marks.
Now to sum up everything, every year governments all over the world invest vast sums of money in education. This involves establishing new higher education institutions or extending the scope of existing ones. With the growing popularity to study MBA in foreign countries, students now have more choices to choose from, rather than being limited to the biggest names only.
One of the biggest benefits of an international MBA degree is that it allows you to broaden your horizons. You can learn about business growth from a business operations profile, or from manufacturing, to being a study abroad consultant. The curriculum is designed in such a way that you can gain a broad perspective and the requisite preparation to change your career focus.
The top three schools are Stanford, Harvard, and MIT Sloan. It’s no surprise that Stanford is at the top of the list of the most difficult business schools to get into. Only 6.9% of applicants are admitted to the MBA program at Stanford Graduate School of Business in June 2020.
People with a 3.6-4.0 undergraduate GPA are typically accepted into the top-ranked MBA program. A GPA of 3.5-3.6, on the other hand, will get you into a top 20 program, and many other great business school’s welcome applicants with even lower GPAs.
Harvard, like all business schools, will look at your application holistically. Your GMAT exam ranking, along with your resume, references, academic transcripts, and essays, as part of your MBA submission. Although a high GMAT score isn’t a guarantee of admission to Harvard, it does support your application.
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