General – CEU Business

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Why USA Is The Mecca For Administrative Degrees?

Be it an executive MBA program or a full time one, the United States Of America is the known place for the top brands of institutes. It is one country that has the highest number of prestigious universities around the world. A B-school degree already holds the position of being the most impressive and significant professional course. When awarded from a superior college based in America, the privileged status rises even beyond. Today, we take a look as to why the US is home to the crème de la crème of business schools.

• A Glimpse Of History
Out of the top hundred business administrative programs in the world, over fifty are located in the US alone. These stats, provided by the Financial Times’ Global MBA Rankings, attest that the country holds the reign of the academic sector. And it does so almost uncontestably. The first reason why America is the mecca of MBA degree lies in its history. The program is said to have originated in the nation. The degree was birthed to find a “scientific approach towards business management” by the University of Pennsylvania.
Most believe that it was at the tail end of 1800’s that the first version of MBA was taught. Training was given by Wharton to students on finance, law, marketing, accounting, etc. to successfully run a business. The second to jump on the wagon was Dartmouth’s Tuck, but the first real MBA was awarded by none other than Harvard. Slowly, other colleges around the nations began to realise the value of training future managers beforehand rather than have them floundering on the job.

• A Glimpse of the Present:

The appreciation of the worth of “academic training vs. letting them figure it out on the job” lasts till today. It is why colleges that offer business programs keep cropping up. But superior schools that originated MBA is one side of the coin. The flipside is the economy of America. At present, USA has the highest GDP per capita on the globe. China might be crawling and playing catch up, but even then, the USD is way too high. A strong economy means that the biggest corporations around the world want to stake their claim to it.

The most well-known corporate giants are, therefore, based in America. They are the largest employers in the nation which mean there is a constant demand for employees with a management degree along with other specialised programs. Did you know that as per Financial Times Global 500 rankings more than 40% of companies are based out of US? And these stats are three years old; the numbers would have increased exponentially by now.

When the top employers of MBA graduates are on American Soil, it stands to reason that colleges that provide the degree will be there too. The country has the advantage of employment, and thus, is the first preference of all management aspirants. The best schools offer the best managers to the best corporations, and that is the top reason for the success of the reputed B-schools in the US.

The Best Colleges In US To Get An Entrepreneurship Degree

The most influential business and administration people around the world say that, sometimes, it is a rite of passage to go to a B-school. And it is not just any old business college but the top cream. After all, it is very apparent that not all universities are the same. While one may set you up for life with a high-paying profession, another may disappoint you to a significant degree. This article lists the top 5 MBA schools in the United States.

The colleges are ranked on some factors like:
• starting salary
• undergraduate GPA
• ability to find a job within three months of graduation

Each one of the institutes is a tough nut to crack, but few are incredibly selective. For example, Stanford University has the least acceptance rate that falls somewhere about 5.7 percent. But the good news is that graduating from any one of the colleges means getting an exorbitant starting salary. The stats show that the average starting salary of such professionals is beyond six-figures.

For each university we state the acceptance rate, the starting salary one can earn, the GPA one has to attain during under graduation and the cost of studying there. So, without further ado, here are the leading 5 B-schools of America.

• The 1st Position: A tie between Harvard and Booth makes them share the top rank. Each college has an overall score of 100. While Booth gives you a 95.3 % chance of being employed three months after graduation, Harvard only offers 89.3 percent probability.

1. University of Chicago (Booth)
Out-of-state cost: $70,364
Average undergraduate GPA: 3.61
Average GMAT score: 730
Acceptance rate: 23.5 percent
Average starting salary: $151,085

2. Harvard University
Out-of-state cost: $78,772
Average undergraduate GPA: 3.71
Average GMAT score: 731
Acceptance rate: 9.9 percent
Average starting salary: $158,049

• The 2nd Position: The University of Pennsylvania with its overall 99 score stands strong at second. 92.6% of Wharton graduates were employed 3 months after gaining their degree.
Out-of-state cost: $76,580
Average undergraduate GPA: 3.60
Average GMAT score: 730
Acceptance rate: 19.2 percent
Average starting salary: $159,815

• The 3rd Position: A score of 98 keeps Stanford University at the third rank, but it provides only 87.6 % chances of being employed after 3 months of graduating.
Out-of-state cost: $68,868
Average undergraduate GPA: 3.74
Average GMAT score: 737
Acceptance rate: 5.7 percent
Average starting salary: $159,440

• The 4th Position: Massachusetts Institute of Technology with a score of 97 has the fourth rank. A graduate of Sloan has the probability of 93.9% of getting a high paying job inside of 90 days after finishing school. A few other statistics of the college are:
Out-of-state cost: $71,312
Average undergraduate GPA: 3.57
Average GMAT score:722
Acceptance rate: 11.6 percent
Average starting salary: $148,451

• The 5th Position: Held by Northwestern University, the overall score it achieved was 95. Kellogg gives a person a 92.6% chance of getting a job within three months of graduating. Some other stats of the school are:
Out-of-state cost: $70,435
Average undergraduate GPA: 3.60
Average GMAT score: 732
Acceptance rate: 20.2 percent
Average starting salary: $146,259

Groupmates listening to their lecturer in business school course

Business School Education That Can Give You What You Want!

It is the dream of many students to study and graduate out of a world-class business school. While there are several business schools all over the US, getting an admission into one of them can be quite a challenge. One of the well-known business schools that is literally making news is Rutgers school of business. in fact, it can be seen that the Rutgers Business school was one among the two “big ten” schools that appear in the 2018 ranking by the Financial Times, and this is school happens to be one among the Ivy League which includes other leading business schools like the Massachusetts Institute of Technology and Stanford.

The Rutgers program has been ranked third in terms of growth. It has also been listed as being in the third place as far as the enrolment of female students are concerned, at a whopping fifty-four per cent. The Rutgers executive director has stated that they feel honoured to be seen as one of the best business school with a top grade global ranking. This ranking clearly proves that Rutgers is in fact a great place for learning both in the professional sense and for the education of both people and organisation. Rutgers focuses on giving value to its client by constantly learning from past experience and imbibing a culture of progress and constant evaluation of their skills.

While there are several business schools around the globe that provide various options when it comes to business studies for both professionals and for people who are into entrepreneurship, it has been seen that Rutgers is constantly evolving to get better and better. A ranking has been done by the Financial Times based on several parameters such as:
· the course design,
· facilities,
· teaching methods and
· the quality of teaching.
Other data included was the
· number of female participants
· number of international participants,
· growth,
· and partner schools.

What Makes Rutgers Different?
It clearly shows that Rutgers Business School is strongly focused on helping in creating and building partnerships in the corporate sense that is sure to meet the requirements of the way businesses are being run globally, both today and in the future.

Another remarkable feature about Rutgers Business School is that it is one B school that caters to the needs of both professionals and business organisations. This is obvious in the fact that Rutgers Business School of executive education for business executives offers several “Mini” MBA programs that are in various areas of speciality which include areas like digital marketing as well as a management program in business for veterans from the military. What’s even better about Rutgers Business School is that there are certificate corporate programs for business executives that are customized for specific requirements in several fields such as management and marketing among others. The Rutgers Business School has emerged as one of the most excellent places to study about management in the US. It has become a force to reckon with and offers a great academic environment as far as business management programs (both full time and part time) are concerned.

USA top ranked business school working in laptop

The Top Ranked Management Schools In The US

Talking about the best business schools in the one, the first that comes in mind is Harvard University. This University is known globally for its management programs and happens to be the top place for the best of the academia to come together. When it comes to ranking of business schools the number one in the ranking list the Harvard University in Boston, MA. This is followed by the University of Chicago at Chicago, IL, and University of Pennsylvania at Philadelphia. It is the dream of many students to study and graduate out of a world-class business school. While there are several business schools all over the US, getting an admission into one of them can be quite a challenge. The Harvard University Business School offers several areas of specialty such as:
· accounting,
· consulting,
· e-commerce,
· economics,
· entrepreneurship,
· ethics,
· financial management
· general management
· health care administration,
· human resources management,
· international business,
· leadership,
· technology and manufacturing management
· marketing,
· “not-for-profit” management,
· production and operations management,
· Organizational behavior, among others.

Other areas of specialization include public administration, portfolio management, real estate, public policy, sports business, logistics, quantitative analysis and statistics, operations research, supply chain management tax, and technology.
Its tuition fees for a year is $72,000 for the full-time program. After graduation, about 78.9 percent of the graduates from the full-time program are employed.

The Costs Involved In Full Time Management Courses
Another top ranking business school in the US happens to be the Universityof Chicago, IL. Better known as the Booth School of Business, it offers areas of specializations such as economics, marketing, accounting, entrepreneurship, finance, international business, general management, organizational behavior, public policy, and quantitative analysis/statistics and operations research, management information systems, production, and operations management. Its tuition fee per year for the full-time program is about $69,200, and for the part-time program it is $6,854 per credit; for the total program for executives, it is $184,000. After graduation from this business school, about 88 percent of the graduates of the full-time program get employment.

For many people graduating out of a top business school is pivotal in deciding their success. In fact, there are several well-known CEOs of hugely popular global companies who have graduated from one of these top-rated business schools. The alumni of the Harvard School of Business include Meg Whitman CEO of Hewlett Packard, James Dimon who is the CEO of JPMorgan and Chase, and Jeffery Immelt who is the CEO of General Electric. People see Harvard as a dream come true if they were to get admission into it for the various programs that it offers. It wouldn’t be wrong to say that students are continually aspiring to get into Harvard Business Schools.

There are also several part-time programs offered by the University of California, the University of Chicago and the Northwestern University at Illinois. These courses are suitable for students who are working during the day, so the classes are usually during the evenings or on the weekends. An MBA program has several specializations such as accounting, marketing, finance, management, entrepreneurship and so on.

Portrait of business people in business school raising hands in training session

Quality Business Education In Business Schools

Business schools in the US are much sought after by students both within the US and outside it. In fact, it is the dream of many students to join a good business school, because it could be a crucial factor for their long-term success. The biggest challenge that many students may face apart from the academic competition that they may have to through is the fees for the programs. To many aspiring students, the fees might be a rather big amount and is definitely not to be taken lightly. However, Harvard and Stanford have a reputation like no other when it comes to its global ranking as the top business schools in the globe and the quality of its education.

As far as Harvard School of Business is concerned, the tuition fees is $56,175 for a full-time program and have about 1800 full-time students in 2015. Stanford University at California is just a little more expensive with the full-time program costing roughly 59 thousand dollars and only a little less than 1000 students (805 in 2015). The University of Pennsylvania (Wharton) at Philadelphia, PA, in the US which is ranked at number three among the top business schools, costs $59,736 per year. These three universities are much in demand because of the quality of the programs that it offers and its
· highly intensive and
· extensive teaching methodology.

The University of Michigan, Ann Arbor, MI, is ranked as number four in the ranking for business schools. The fee for the full-time course at this university is about $52,200 for a year. Ranked at number 5, the Northwestern University (Kellogg) at Evanston, IL, costs about $59,085 for a year. The University of Virginia, Darden, at Charlottesville, Virginia cost which is ranked at number 6 among business schools costs about $48,402 with about 600 students enrolled for its full-time programs. The Dartmouth College (Tuck) at Hanover, NH, is ranked number 7 in the B school rankings and costs about $58,935 per year for the full-time program. This University has about 560 students enrolled in its programs. Ranked number 8 for the best management graduated programs is the University of California at Berkeley. With an enrolment of about 560 students, the fee for this program is about $51,412 for a year. They also have out of state programs which cost about $53,959 per year programs.

From this, it can be seen that the cost for these graduate management programs is relatively expensive, but it is guaranteed to help aspiration management executives in making wise management decisions. Several alumni of these B schools have risen to some of the topmost leaders in the global market and carved a niche for themselves in the global scene. Some of these alumni include the CEOs of top international brands such as General Electricals, JP Morgan, and many others who are known for their management skills all over the world. Thus we see that graduating out of a management business school that is ranked as one of the best has several merits, even though it may require some investment concerning fees.

Management Program Rankings According To QS

When it comes to Master of Business Administration programs in the US, there are several highly ranked Business Schools offering an MBA program. The MBA happens to be one of the most competitive courses that are highly sought after by students both from the US and abroad. As far as rankings are concerned, topping the list is the Stanford program for MBA. As a matter of fact, Stanford happens to number one in both the global ranking and that in the US. The course fees is roughly about $141,000 and are for a duration of 24 months. The class has about 418 students and 40 percent of this is made up of female students. The remarkable thing about this institution is that students from about sixty-one countries come together to pursue this course. We see that:
· As far as QS ranking is concerned, Harvard is no more ranked number one, but has slipped down to number two.
· However, students from Harvard are seen as the most employable with high business positions being offered to them.
· It wouldn’t be wrong to say that Harvard enjoys an excellent reputation for being one of the topmost Business schools in the world, and one of the most sought after by students across the globe.

Rankings Of Business Schools In The US
Coming third on the list is the Wharton School of Business at the University of Pennsylvania. Known for the leadership skills that it provides to its students, this business school has an MBA program that costs about $157000, with a course duration of 21 months. Students from 65 countries around the globe study in this business school.

Ranking fourth is MIT’s Sloan School of Management, and it has a 24 month MBA program. One of the unique features about this business school is that it offers what is known as an MIT lab for students to know all about the discoveries and innovations happening within the campus and the scope for further research. It is believed that creating such an environment for the students can even help to solve more crucial global problems. The tuition fees is about $148, 000.

Fifth on the list is the Booth school of business belonging to the University of Chicago. The course of the management program is 21 months. The best feature about the management programs in this business school is that it offers what is known as a flexible curriculum. There are about 582 students in the class, and the course fees are about $144,000.

Ranking sixth in the Colombia Business School, with a course fees of about $148000. The most interesting feature about this Business school is that it is located in New York City, making it deeply connected to the city itself. The duration of the management program is 24 months.

Ranking seventh is the UCLA’s School of management which is also known as Anderson School of Management, at Los Angeles, having a 22 month duration for its management program. Closely following this is the Kellogg’s School of Management belonging to the Northwestern University, and is ranked eighth in the global ranking.

Closeup of five business school sudents smiling in front of camera

MBA Rankings Of Business Schools In 2018

One of the most sought-after career options in the world is one that of a highly paid manager of a multinational or global company. Many aspirants opt for a management degree from some of the best Business schools because they feel that it would be useful for them, and give them the launch pad to success. In fact, the competition to get a seat at a highly ranked business school is so high and there is a huge demand to get an admission into one of these management programs. Many business schools even offer part-time programs to executives who are already working. Some of the top ranked business schools, known both globally as well as in the US for their full-time management programs in the current year (2018) are:
· Stanford University
· INSEAD
· University of Pennsylvania (Wharton)
· Harvard School of Business
· London Business School
· Harvard School of Business
· University of Chicago (Booth)
· Columbia Business School
· CEIBS
· MIT (Sloan)

As far as rankings are concerned, topping the list is the Stanford program for MBA. As a matter of fact Stanford happens to number one in both the global ranking and that in the US. The course fees is roughly about $141,000 and are for a duration of 24 months. The class has about 418 students and 40 percent of this is made up of female students. The remarkable thing about this institution is that students from about sixty-one countries come together to pursue this course. The weighted salary of graduates from Stanford is $214,742. The second highest weighted salary is for graduates from Insead, at a close $177,157.

How Salaries Matter For Management Graduates
Wharton School of Business at the University of Pennsylvania. Known for the leadership skills that it provides to its students, this business school has an MBA program that costs about $157000, with a course duration of 21 months. Students from 65 countries around the globe study in this business school. Graduates from this business school get a weighted salary of $190,826. Fourth on this list is the London School of Business in the UK which has a weighted salary of $ 167,897 for its graduates. One of the most sought after business schools in the world is the Harvard School of Business. Students from Harvard are seen as the most employable with high business positions being offered to them. It wouldn’t be wrong to say that Harvard enjoys a great reputation for being one of the topmost Business schools in the world, and one of the most sought after by students across the globe. The weighted salary of graduates from Harvard is $192,133. Closely following Harvard is the Chicago University’s Booth School of Business with a management program of 21 months. The best feature about the management programs in this business school is that it offers what is known as a flexible curriculum. There are about 582 students in the class, and the course fees is about $144,000. Graduated from this Business school get a weighted salary of $174,153.

Thus we see that graduates from highly ranked business schools are highly paid.

Business School Rankings In 2017

Courses in management happen to be one of the most sought-after courses all over the world because it creates an opportunity for highly paid managerial jobs in some of the best global companies. As far as the QS world rankings in 2017 are concerned, some of the top universities across the globe are
· Harvard School of Business
· London Business School
· INSEAD
· MIT
· University of Pennsylvania
· Stanford University
· University of Oxford
· University of Cambridge
· London School of Economics
· University of California

The US is the hub for some of the best business schools in the world. Stanford and Harvard have created a niche for themselves in providing some of the best management programs that are highly sought after by people all over the world. Students from Harvard are seen as the most employable with high business positions being offered to them. It wouldn’t be wrong to say that Harvard enjoys an excellent reputation for being one of the topmost Business schools in the world, and one of the most sought after by students across the globe. The MBA happens to be one of the most competitive courses that are highly sought after by students both from the US and abroad. As far as rankings are concerned, topping the list is the Stanford program for MBA. As a matter of fact Stanford happens to number one in both the global ranking and that in the US. As far as the US and Canada are concerned, some of the well-known universities that provide the best management education are within this region. They include the University of Toronto, the University of British Columbia, and McGill University in Canada.

Other Top Business Schools
The top business schools in Europe include:
· University of Warwick
· University of Manchester
· Imperial College London, all of which are in the UK.
· ESADE Business School in Spain, among several others.

Some of the top business schools in Asia include the;
· Peking University
· Tsinghua University
· Seoul National University
· Korea University
· Indian Institute of Management
· The University of Tokyo, and many more.

Business schools in Australia include University of Melbourne, University of South Wales, and the University of Sydney.

The reason why business schools are becoming more and more popular is because of the courses in management that they offer, which is usually full time and sometimes part-time, for working executives. Many aspirants opt for a management degree from some of the best Business schools because they feel that it would be useful for them, and give them the launch pad to success. In fact, the competition to get a seat at a highly ranked business school is so high, and there is a huge demand to get an admission into one of these management programs. Having a management degree from some of these high ranking business schools is often like a ticket to success, because there are many lucrative managerial jobs on offer, making these courses as pivotal to success. Thus it can be seen that according to the 2017 ranking, the US continues to dominate as far as business schools are concerned.

Three happy business graduates on road side

Why Ranking Is Important For Business Schools

When it comes to ranking a business school, the business schools all across the globed is ranked every year by specialists in education who are known as QS or Quacquarelli Symonds. This ranking is crucial because it gives people an idea about which business school is the best on the basis of various parameters.

The ranking is done on the basis of
· surveys of employers,
· academics, and
· business school programs.

The MBA programs are evaluated on the basis of:
· employability,
· alumni outcomes,
· students’ return on investment,
· thought leadership, and
· diversity.

Ranking And Salaries Of Business School Graduates
While there are several business schools around the globe that provide various options when it comes to business studies for both professionals and for people who are into entrepreneurship, however, the ranking given by QS has a lot to say about the business school itself. The Business school that is ranked number one by QS is Stanford University in California, US. Stanford happens to number one in both the global ranking and that in the US. The course fees are roughly about $141,000 and is for a duration of 24 months. A person who has graduated out of Stanford will get a salary of about $140K to $149K business school getting the second rank is Harvard, where the normal post-graduate salary is something between $130K and $139K. The cost for these graduate management programs is relatively expensive, but it is guaranteed to help aspiration management executives in making wise management decisions. Several alumni of these B-schools have risen to some of the topmost leaders in the global market and carved a niche for themselves in the global scene. The business school to get the third rank according to QS is the University of Pennsylvania and students who pass out from here roughly get the same salary as those from Harvard. At number four is MIT, and number five is the University of Chicago. The salary that a person who passes out these universities get is between 20K and $129K. Thus it can be seen that the ranking of business schools around the world given by QS is an indication of the kind of success one could get in monetary terms after completing a management course in any of these highly ranked business schools. It clearly shows that ranking also decides on the kind of demand that each business school will have.