Whether or not you are planning to be the next Michael Bloomberg, George Soros or any other successful business magnate, a business degree is a good way to acquire many skills necessary in the business environment. It can also be the first step into a wide range of vocations. However, while many universities offer business academic units, not all of them offer the same quality of education and the same career prospects. If you want to get a business degree, you might as well acquire it at one of the most renowned universities around the globe. Here are the ones that dominate the current rankings.
Harvard University is currently number one in the business and management ranking, and there are many good reasons for it. The school offers a full time MBA program, HBX, doctoral programs and several executive education programs. It was established in the distant year of 1908, and it owns Harvard Business Publishing which publishes leadership articles, books, case studies and a monthly edition of Harvard Business Review. This prestigious school could be your way to various profitable jobs in consulting, financing, logistics, general management, marketing and other fields. To enroll, you need to have a strong record of academic performance and exemplary GMAT or GRE test scores.
Ranked fourth on the global business and management list and second in the United States, Stanford University has one of the most appreciated business schools worldwide. It also has a very low acceptance rate (below 7%), which speaks a lot about how careful they are about choosing their candidates. If you are wondering how to get into Stanford University, you should know that the most promising candidates have to show intellectual vitality, leadership potential and personal qualities. Depending on the program you choose, you will need to fill out an application and send letters of reference. The rest of the application materials include essays, GMAT & GRE, and information about education and professional experience.
London Business School
The London Business School is consistently ranked in the world’s top five business schools on account of its reputation, program and results. It offers fantastic MBA, as well as PhD programs. There are even some short courses for executives. The motto of the school is “To have a profound impact on the way the world does business”, and so far LBS is meeting the challenge. The recruitment process for this institution consists of two steps: first, sending the application, and then and examination in front of a selection committee. If the high criteria of the school is met, you will be invited for an interview.
One of the world’s leading and biggest graduate business schools, INSEAD (Institut Européen d’Administration des Affaires) has headquarters in France, but campuses in Asia and the Middle East. It offers full-time MBA program, executive MBA program, PhD in management, Master in Finance program and other executive programs. The four most important criteria for application are academic capacity, leadership potential, ability to contribute and internal motivation. Adaptability in multicultural environments is very significant for admission to INSEAD too. The academic background of the candidates is not only viewed through results, but also through the competitiveness of the attended institution.
University of Cambridge
With many centuries of existence (since 1209), the University of Cambridge has a rich history and it is highly regarded worldwide. Cambridge’s business school was the biggest climber in the global top 10 MBA rankings, rising five places to fifth. To get into this high-status school, you need to have excellent previous academic achievement, be highly motivated and confident, have an interesting and varied life independently of work, and have some international experience through your work. After a completed application form, sent alongside other documents and references, you can be shortlisted for an interview and get an offer from the Admissions Committee.
Other great universities for getting a business degree include the Massachusetts Institute of Technology (MIT), the University of Pennsylvania, the University of Oxford, the London School of Economics and Political Science (LSE) and the University of California, Berkley (UCB). Consider applying for more than one university in case you don’t get accepted to your dream school.