The competitive nature of today’s job market requires fresh knowledge and skills. This is why individuals, even those with rewarding careers, choose to go back to school.
MBA programs can catapult a professional’s educational foundation and open up new opportunities. It can also set their mind in the right direction, towards a more progressive career path. Below are the top 10 MBA programs in the U.S.
When it comes to quality education, Harvard continues to set the standard for other universities to follow, including their MBA program. With an acceptance rate of 11.8%, getting into Harvard can be difficult without a strong foundation.
Those who want to proceed with their MBA in Harvard may need to rely on strong connections and relevant work experience. It is important to take note that Harvard has been actively promoting their business programs to women who want to meet their professional career goals. As a result, 41% of enrollees in Harvard Business School are women.
Not far from the leader, Stanford also offers an outstanding MBA program for aspiring professionals. Their acceptance rate is very strict, coming in at 6.8%. Located in Silicon Valley, the campus continues to churn out successful, business-minded individuals. Maintaining a high GPA is one of the main priorities for many students. 3.73 is the current average GPA for first year-MBA students.
University of Chicago- Booth
University of Chicago- Booth has been developing their MBA program for many years. Now they are currently listed in the top 10 U.S. business schools. Their standard for GMAT scores is 730, which is the same has Harvard Business School. Graduates have reported a very high return-on-investment ranking after completion.
University of Pennsylvania- Wharton
University of Pennsylvania- Wharton’s MBA program primarily focuses on finance, compared to other universities that have shifted towards entrepreneurship and technology. Because of this, the school has been given a bad reputation. Before joining the bandwagon, a closer look at the statistics of the university’s MBA program will tell you a different story.
97.8% of graduates received job offers in less than 3 months after completion. Moreover, the average salaries of graduates from the university have increased to $125,000. To drive the point even further, the school has a high percentage of female candidates- even higher than Harvard and Stanford, which is ideal for today’s standards of equality.
A university currently known for their rapid expansion, Northwestern- Kellogg has set their sights on a new MBA program. University Dean, Sally Blount, has been promoting a $350 million capital campaign to accelerate the school’s business curriculums. Professionals who have their eyes set on this school should consider that the institution has updated their admissions process, making it harder for applicants to complete.
Individuals can expect to immerse themselves in case studies, group projects and interactive programs with top industry leaders. There are still core subjects during the first semester, but the rest is mostly application. MIT Sloan’s hands-on approach works well for professionals who are constantly questioning if what they teach in school is really applicable to their specific industry.
Another top university that is updating their MBA curriculum is Columbia. A new MBA program, which is set to roll out in 2015, will highlight tough strategies related to the financial crisis that the global economy faces today. This can be very rewarding knowledge, especially for those who specialize in budget reduction and restructuring. Taking a different route to MIT Sloan; Columbia is set to include more in depth discussions and shine light on the technical aspects of business administration and management.
With over 70% of their alumnus providing monetary funding to the school, a candidate may find several opportunities while getting their MBA. The university’s acceptance rate is 20.8%, which is at the same level as the highly competitive schools mentioned above.
Duke- Fuqua is slowly making their way up the list for top MBA programs. Part of what the university excels in is matching their MBA graduates with top companies. World-class executives such as Tim Cook (CEO of Apple), who took the MBA program at Duke- Fuqua, is a prime example of the type of professionals the university produces.
UC Berkeley- Haas
UC Berkeley- Hass is known for handpicking individuals for their MBA program. The new curriculum, which was updated almost 2 years ago, leans toward the development of key skills such as leadership and communications. They also take an analytical approach, as they provide subjects related to critical problem solving. Professionals who are able to get into UC Berkeley- Haas’s MBA program can benefit from a well-versed curriculum.
To conclude, a closer look at the MBA programs that top universities offer, and you may notice that not all curriculums are the same. Therefore, it is important to get advice from peers, other professionals and mentors in order to make sure you get the most out of your selected university.