Best Business Schools

Oct 17, 09 Best Business Schools
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Although the economy has been struggling as of late, people still want to know the best business schools.  In addition, there are a growing number of business schools sprouting up all over the country.

All of them guarantee prospective students that they will graduate and go on to a successful and prosperous career.  Thus, many of them want to know the ranking of business schools in order to separate the wheat from the chafe.

The primary reason why students attend business schools is to increase their salary potential and their marketability in the business world.  An effective business degree leads them to a wide range of opportunities, which include finance services, sales and marketing, human resources and operations management, and accountancy and consultancy services.

While it is true that a business school degree advances your career and helps you earn more money, a successful career in business still relies, in large part, on finding the right business school.

At top rated business schools, you not only learn the art and science behind business, but you also gain invaluable contacts that will prove critical when navigating the corporate arena.

You should consider the following factors when choosing the right business school.

Cost. If budget is a concern, look for a school with reasonable tuition that is in accordance with the level of educational quality you are seeking.  A business school degree can cost you a lot of money.  Therefore, carefully consider cost before applying.

Programs offered.  Does the school offer the type of program you want?  As stated earlier, there are myriad programs from which to choose.  The best business schools offer innovative programs that are ahead of the curve.  You should also consider the amount of time it takes to earn the degree you want.  A two-year MBA degree, for instance, can be crammed up in a single year depending on the institution.

For those interested in an online education, view the online MBA rankings to see what schools are the best.

Admission system.  Some universities have a strict system of student selection.  Their competitive application process makes make it hard for students with average grades to get in.  Make sure that your credentials, (GPA, test scores, etc.) fall within the range of what that school has accepted.  Of course, the dream school/safe school dynamic still works here.  Just be sure that you are not sending all of your applications to “dream” schools or “safe” schools for that matter.

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 guide students toward different fields of specialization.  As was stated earlier, when you are looking for advanced studies, consider a school that has an updated program curriculum.

Teacher-student ratio.  If you are looking for individualized attention, consider a school with small class sizes.

Institutional statistics.  If you are gunning to make it big in the corporate world, choosing a school with remarkable placement statistics is imperative.  Search their records or ask around about the school’s reputation.  Current students and alumni can give you a great idea of the institution’s performance and reputation.

To determine which are the best business schools, Forbes ranked the top rated business schools of 2009.  One of the ways that they ranked universities is based on return on investment (compensation five years after graduation minus tuition and the forgone salary during school).  Ranking is as follows:

1. Stanford

2. Dartmouth (Tuck)

3. Harvard

4. Chicago

5. Pennsylvania (Wharton)

6. Columbia

7. Cornell

8. Northwestern (Kellogg)

9. Virginia (Darden)

10. Yale

11. Texas-Austin (McCombs)

12. UC Berkeley (Haas)

13. Duke (Fuqua)

14. MIT (Sloan)

15. UNC (Kenan-Flagler)

16. Brigham Young (Marriott)

17. NYU (Stern)

18. Michigan (Ross)

19. UCLA (Anderson)

20. Iowa (Tippie)

You can view the complete ranking of business schools on the Forbes website.

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