What is the best business school for managers and CEOs? There is a growing number of business schools sprouting up all over the world in a rather fast pace. All of them guarantee prospect students’ success and expertise in advance business management techniques through their MBA, Executive MBA and doctoral programs.
Now why did I emphasize in the headline that the business schools listed here on this article is strictly for managers and CEOs? Well, I will tell you my reason.
The primary reason why I emphasized that the best business schools listed here is strictly for managers and CEOs because there are business schools for entrepreneurs and business schools for managers. I drew the line between entrepreneurs and managers because most students attend business schools to increase their salary potential and their marketability in the business world; nothing more, nothing less.
An effective business degree leads them to a wide range of employment opportunities they can pursue, which include finance services, sales and marketing, human resources and operations management, accountancy and consultancy services. But entrepreneurs attend a different kind of business school for a different reason which you can find out in the articles other articles i have written.
While it’s true that a business school degree advances your career and helps you earn more money, the key to a successful career in business still lies in finding the right business school; that’s if you intend being a manager. At a top business university, you will learn the art and science of business management and gain the skills you need to work in the corporate arena. It is a great place to find your niche.
Now how do you choose a business school that suits your need and budget? It’s quite interesting to know that different people attend business schools for different reasons; with different budget and needs. Some of those needs and factors people take into consideration before choosing a business school are:
7 factors to consider when choosing a business school
1. Cost of studying
If budget is an issue, scout for a school with reasonable rates and which wouldn’t compromise the quality of education offered. A business school degree can cost you a lot of bucks, therefore cost should be carefully considered before applying.
2. Programs offered
Does the business school/university offer the type of program you want? As stated earlier, there are different program varieties to choose from in business schools to date. A two-year MBA degree, for instance, can be crammed up in a single year depending on the institution.
3. Admission system
Some universities have a really strict system of student selection. Their competitive application process makes make it hard for average students to get in. To calculate your chances; you can match your credentials (GPA, test scores, etc.) to the school’s requirements.
5. Program curriculum
Most school curriculums encourage specializing in a single aspect of business. The recent education review, nevertheless, proposes a revision to this – an inclusion of special courses that would lead students to different fields of specialization. When you’re looking for advance studies, consider one that has an updated program curriculum.
6. Teacher-student ratio
If you are looking for individualized attention, consider a school with relatively small class sizes.
7. Institutional statistics
If you’re gunning to make it really big in the corporate world, choosing a school with remarkable placement statistics is imperative. Search through the records or ask around about the school’s reputation. Current students and alumni can give you a succinct background of the institution’s performance.
To determine which schools are the most reputable, the recent issue of Forbes magazine features an updated list of the best business schools in the world. It is the publication’s sixth biennial ranking of universities offering business-related courses based on company-administered surveys. The instrument used ranks universities based on return of investment (compensation five years after graduation minus tuition and the forgone salary during school). Ranking is as follows:
The 20 Top Best Business Schools in the World for Managers and CEOs
1. Dartmouth (Tuck)
4. Virginia (Darden)
5. Pennsylvania (Wharton)
9. Northwestern (Kellogg)
10. Cornell (Johnson)
11. NYU (Stern)
12. Duke (Fuqua)
13. UC Berkeley (Haas)
14. Texas-Austin (McCombs)
15. UNC (Kenan-Flagler)
16. Iowa (Tippie)
17. MIT (Sloan)
18. Brigham Young (Marriott)
19. Michigan State (Broad)
20. Carnegie Mellon (Tepper)
If you wish to learn more about the different business programs offered in each of these schools, there are many different degree search portals that are free to use online.