BEST MBA Colleges in the World

Best Ranking GMAT GRE Business Schools

When discussing top-tier MBA programs, iconic names like Harvard, Wharton, and Oxford Cambridge immediately come to mind. However, these prestigious brands are not merely a result of longevity but are cultivated through years of fostering a culture of success and an impeccable reputation.

In the realm of MBA education, which is relatively youthful compared to traditional Master’s degrees in engineering or humanities, the essence of excellence doesn’t solely stem from the years of existence but is a complex interplay of several key factors.

These factors encompass a program’s brand, the extensive expertise of its faculty in both academia and industry, the diversity of its student body, its commitment to social and environmental responsibility, the long-term employment outcomes for its graduates, and many other essential aspects.

This is why the allure of MBA programs has expanded beyond the traditional powerhouse institutions. Programs like INSEAD and ISB now find themselves mentioned in the same breath as Harvard Business School, Stanford, Said, Judge, and others.

At MBA Crystal Ball, we endeavor to answer the burning question on every prospective applicant’s mind: “Which MBA programs consistently rank as the best in the world?”

In this article, we’ve devised a proprietary methodology to rank MBA programs based on their sustained performance in one of the most esteemed MBA ranking bodies – The Financial Times (FT). Our approach begins with an explanation of FT’s criteria for ranking global MBA programs, after which we establish a weighted ranking of business schools based on their performance in the most recent three years according to FT.

Methodology for the MBA Crystal Ball MBA Rankings

In response to evolving societal and environmental imperatives, FT’s ranking methodology has progressively emphasized diversity, sustainability, and the positive impact made by business schools in addition to the overall MBA program outcome.

The primary component, which remains paramount, evaluates salary increases in conjunction with factors like value for money, financial aid, and expenses. The ranking also considers alumni recommendations, the strength of networking opportunities, alumni career progression, gender balance, the presence of international students and faculty, diversity in students’ educational and professional backgrounds, and the carbon footprint of the business schools.

It is worth noting that all participating schools hold accreditations from either Equis or AACSB, and FT compiles its report using alumni surveys conducted three years after graduation to monitor their progress and glean valuable insights from their experiences.

In the following list, we have computed weighted rankings based on the most recent three years of the Financial Times’ Global MBA Rankings, creating an overarching merit list from these rankings.

The most weight is accorded to the latest FT ranking, with decreasing significance assigned to the previous two years. The objective behind this ranking is to recognize schools that have consistently demonstrated exceptional performance, culminating in a comprehensive list of the top 75 business schools and their MBA programs.

TOP 20 MBA Degrees in the World

RankBusiness School NameCountry
1University of Pennsylvania: WhartonUSA
2Columbia Business SchoolUSA
4Harvard Business SchoolUSA
5Stanford Graduate School of BusinessUSA
6IESE Business SchoolSpain
7Northwestern University, Kellogg School of ManagementUSA
8University of Chicago: BoothUSA
9MIT Sloan School of ManagementUSA
9University of California at Berkeley – HaasUSA
11Yale School of ManagementUSA
12London Business SchoolUK
13SDA Bocconi School of ManagementItaly
14Cornell University: JohnsonUSA
15HEC ParisFrance
16Duke University’s Fuqua School of BusinessUSA
17Dartmouth College: TuckUSA
19New York University – SternUSA
20University of Virginia: DardenUSA