Which is the best MBA college

MBA Ranking: The Best Business Schools

The Master of Business Administration - short MBA - is always under criticism: too expensive, too theoretical, too career-oriented. In addition, behind some of the alleged MBA programs there is actually only a regular Master’s degree, which has been given a label that is financially rewarding. Even if the criticism is partly true, there is also the other side: really excellent MBA courses that prepare graduates optimally and internationally for management and leadership roles. So what the MBA is also intended for. So-called MBA rankings also want to help distinguish top business schools from others. But does that also work?

➠ Content: This is what awaits you

Admission requirements for an international MBA

If you want to apply for an international MBA program, you usually have to two tests successfully complete:

  • TOEFL

    At the Test of English as a Foreign Language - short TOEFL - it's about your English skills. The test ensures that your language skills are good enough to be able to follow the lectures, which are mostly in English.

  • GMAT

    The second test is the Graduate Management Admission Test - short: GMAT. It is a kind of stress test. Its primary purpose is to ensure that you as a student are well organized and can learn under the pressure of the MBA program. Both tests are standard in most MBA programs.

➠ Content: This is what awaits you

MBA Ranking: Comparability in Measures

The main problem with these MBA rankings: There are quite a few now international MBA rankings. The best-known publishers of an MBA ranking include the British Financial Times and the Economist as well as the US BusinessWeek, the Forbes-Magazines and that Wall Street Journal.

The Evaluation criteria however, vary enormously. While some providers especially the age of the MBA programs and using the number of successful graduates as a criterion, others focus on the internationality of the MBA program, on research options or the main focus of the business school or even whether a part-time MBA is possible.

It is also not insignificant who was asked for the MBA ranking: only the lecturers or also the students or even companies that employ MBA graduates and can assess their qualifications in practice. It is correspondingly difficult to compare the individual ranking lists with one another, especially since the individual focal points are not always immediately clear ...

The Financial Times is one of the institutions that publish such an MBA ranking every year. Since this ranking is the recognition of degrees and programs at companies and the content quality of the course play an important role, we consider it the most telling of all.

To give you an initial orientation, we have therefore the ten best MBA schools of the Financial Times MBA Rankings 2016. The entire ranking can be found on the newspaper's homepage:

MBA Ranking: The Top MBA Schools

  1. Insead
    France, salary prospect: $ 166,510
  2. Harvard Business School
    USA, Salary Prospect: $ 172,501
  3. London Business School
    England, salary prospect: $ 154,150
  4. University of Pennsylvania(Wharton)
    USA, Salary Prospect: $ 177,877
  5. Stanford Graduate School of Business
    USA, Salary Prospect: $ 185,939
  6. Columbia Business School
    USA, Salary Prospect: $ 169,866
  7. University of California at Berkeley
    USA, Salary Prospect: $ 169,395
  8. University of Chicago: Booth
    USA, Salary Prospect: $ 158,259
  9. WITH: Sloan
    USA, Salary Prospect: $ 159,909
  10. University of Cambridge
    England, salary prospect: $ 156,323

According to this, the best German MBA programs among the Top 100 include:

  • Mannheim Business School (49th place)
    Salary Prospect: $ 109,622
  • ESMT Berlin (64th place)
    Salary Prospect: $ 107,234

Salary prospects = measured average annual salary of the graduates

MBA programs in Germany: great but small

There are various reasons why German business schools only play a subordinate role in the various rankings. Compared to Harvard, Wharton or Stanford they are German business schools of course still quite young and also have much smaller budgets.

However, they rarely have the internationally important accreditations and MBA certificates from AACSB, AMBA or EQUIS. In Germany just 13 business schools have at least one of the top MBA certificates. The so-called Triple Crown on the other hand, only two manage: the Mannheim Business School and the ESCP Europe in Berlin.

MBA Ranking Europe: Top 10 Business Schools in Europe

However, if you do not want to study in Germany (for example because of international experience), but also not in the USA or Asia (because both are often very expensive), you should MBA programs in Europe take a closer look. In fact, there are already numerous, internationally highly renowned business schools that offer world-class MBAs.

That's why we have the 10 best places from the FT ranking Top business schools in Europe distilled:

  1. Insead
    France, salary prospect: $ 166,510
  2. London Business School
    UK, Salary Prospect: $ 154,150
  3. University of Cambridge: Judge
    UK, Salary Outlook: $ 156,323
  4. IE Business School
    Spain, salary prospect: $ 159,266
  5. IMD
    Switzerland, salary prospect: $ 157,439
  6. HEC Paris
    France, Salary Prospect: $ 134,299
  7. IESE Business School
    Spain, salary prospect: $ 140,185
  8. Esade Business School
    Spain, salary prospect: $ 132,119
  9. SDA Bocconi
    Italy, Salary Outlook: $ 122,955
  10. University of Oxford: Saïd
    UK, Salary Outlook: $ 136,959

Executive MBA: The ranking of the best business schools

A specialty of the MBA is the so-called Executive MBA, short EMBA. Those who are interested, however, have to have more professional and management experience than with the normal MBA. The providers usually require proof of at least five, often even ten years Experience (in management) for one of the few study places.

Applicants for the EMBA are therefore often department heads or members of management. The aim of the Executive MBA is to provide graduates for the Overall management of a company or group worldwide to get fit. Because the EMBA programs are even more international than the MBA, the language of instruction in almost all courses is English.

There is also an EMBA ranking for this by the FT. To the ten best business schools therefore include:

  1. Kellogg-HKUST Business School
    China, salary prospect: $ 468,670
  2. Tsinghua University / Insead
    Singapore, France, Salary Outlook: $ 327,140
  3. Trium: HEC Paris / LSE / New York University: Stern
    France, UK, USA, salary prospect: $ 328,668
  4. Insead
    France, salary prospect: $ 255,233
  5. Washington University: Olin
    China, Salary Outlook: $ 348,086
  6. UCLA: Anderson / National University of Singapore
    USA, Salary Prospect: $ 267,581
  7. Shanghai Jiao Tong University: Antai
    China, Salary Outlook: $ 305,130
  8. EMBA-Global: Columbia / LBS
    US, UK, Salary Prospect: $ 227,510
  9. University of Oxford: Saïd
    UK, Salary Outlook: $ 244,828
  10. IE Business School
    Spain, salary prospect: $ 244,817

Some German providers are also represented in this ranking. German business schools in the Top100 ranking are therefore:

  • ESCP Europe (12th place)
    Salary Prospect: $ 202,554
  • ESMT Berlin (34th place)
    Salary Prospect: $ 164,650
  • Essec / Mannheim (45th place)
    France, Germany, Salary Prospect: $ 145,224
  • Frankfurt School of Finance and Management (81st place)
    Salary Prospect: $ 139,022
  • HHL Leipzig Graduate School of Management (85th place)
    Salary Prospect: $ 114,430

Checklist for choosing an MBA

Of course, the multitude of MBA programs does not make it easier to choose the right offer for you. That's why we have another one MBA checklist that can provide you with clues as to what you should pay attention to before starting the MBA and before applying. You can find the detailed version of the MBA checklist with a total of 50 criteria HERE.

Check: You should be able to agree to the following statements ...

  • The MBA program fulfills my personal training requirements.
  • I've weighed the pros and cons of a full-time / part-time / distance MBA.
  • I have planned tuition fees, costs for teaching materials, etc. and can afford the course.
  • I chose the program because the lecturers' qualifications are high.
  • I spoke to former graduates who were able to encourage me in my decision.
  • I obtained references from my employer - the MBA from there is recognized.

Further articles

You can find more tips on MBA programs and studying in general here:

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