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Best Business schools to study your MBA in 2022

Written by Michael Nz. on December 6, 2021

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Everyone wants to own a business to make money. Similarly, people are always looking for a place to acquire the right knowledge to do business. It is important to find the best undergraduate business schools where you can gain the experience that each company needs.

Therefore, this post provides information on the world’s best international business schools in 2022.

The truth is that large companies will look to hire you once they know that you are a graduate of one of these business schools. Looking for the best business schools in 2022 to pursue a career? Then this article is the one for you.

Here, you will choose the business school taking into account the acceptance rate, graduation rate, tuition fees, types of programs, and the location of the school. It also provides information on how to start a business and how much you will earn as a business manager.

Every business starts with an idea and a name. So serious market research may be necessary to see if turning the idea into a business is practical and if the business can deliver value to consumers.

In addition, the business name can be one of the most valuable assets of the company. Therefore, when giving it a name, you need to consider it carefully. Businesses operating under made-up names must obtain a state registration.

In addition, it is important to decide the legal structure of the company. Depending on the type of business, you may need to obtain permits, meet registration requirements, and obtain certifications to operate legally. In reality, corporations can own property, go into debt, and be sued in court in many countries.

What is a business?

Literally, a company is an institution that participates in commercial, industrial or professional activities. In addition, a business can be for-profit or non-profit organizations that function to achieve a charitable mission or promote a social cause. 

On the other hand, a business can be defined as the organized efforts and activities of people to produce and sell goods and services for profit. Basically, a business structure can be sole proprietorships, partnerships, corporations, and limited liability companies. However, a sole proprietorship is the most common.

What does a business manager do?

A business manager is someone who is responsible for supervising and supervising the activity and employees of a company. 

Actually, the activities include hiring, training, and evaluating new employees. Additionally, the business manager ensures that a company or department is on track to meet its financial goals.

Similarly, business managers can also create and execute budgets, prepare reports for senior management, and ensure that departments adhere to company policy. They also ensure that workers have the resources to complete their work.

On the other hand, some managers conduct human resource activities such as performance reviews, hiring, and discipline for employees in their department. Additionally, business managers motivate workers through incentives and positive feedback.

How much does a business manager make?

Well, the salary of a business manager depends on the size of the business, the geographic location of the business, and the area of ​​the business that the manager oversees.

In reality, the average annual salary for a sales manager was $ 117,960 in May 2016, according to the Bureau of Labor Statistics. Additionally, production managers earned an average salary of $ 97,140 during the same period.

What are the requirements for a business manager?

First, most employers need at least a bachelor’s degree in business administration to qualify for a position as a business manager.

Second, business managers must have excellent verbal and written communication skills to lead employees and manage the department.

Third, managers must be problem solvers who can create work to overcome the challenges that can prevent a department or company from achieving its goals.

Finally, some companies may promote highly experienced employees within a department to lead the group.

How much will it cost to get a degree from any of the best business schools?

In reality, bachelor’s programs differ depending on the school you study in. Based on recent College Board trends in college pricing, the average annual cost for a four-year public institution is approximately $ 9,970 (in-state tuition) and $ 25,620 (out-of-state tuition).

Similarly, the average annual cost for a four-year private philanthropic school is $ 34,740 and a private for-profit school is $ 16,000.

Additionally, the tuition fee for a master’s program at a state public institution costs an average of $ 8,670 annually. In addition, tuition for a doctoral program costs $ 10,830 annually at a public institution in the state.

How long will it take me to study business administration at one of the best business schools in the world?

Well, it depends on the business management program you want to follow.

Associate’s degree programs, which provide entry-level opportunities, generally take two years.

On the other hand, a bachelor’s program takes four years to complete.

Master’s programs and MBAs generally require between one and two years to complete.

Finally, a DBA program takes three to six years to complete.

Can I Study Business Administration Online?

If you can. Online programs in business administration are available to all degree levels such as associate’s, bachelor’s, MBA, and DBA programs.

Online programs are comprised of general business as well as nearly all specialty areas, including online programs in the following:

  • computer’s science
  • International Business
  • Finance
  • Human resources management
  • Health management
  • Marketing
  • Accounting
  • Entrepreneurship

What are the types of business management degrees?

The degrees you can earn in business management include:

Associate degree

An associate’s degree trains a student in the fundamentals of business management. However, it goes ahead to provide you with broader professional knowledge that is close to what you would get by attending a four-year bachelor’s program.

However, it can also be an important step towards a bachelor’s degree programs. In fact, the courses here are primarily focused on accounting, management, and software applications. However, you will most likely apply the techniques you have learned in a final course with real world relevance. It usually takes two years to complete.

Bachelor’s degree

This type of degree is right for you if you want to pursue a career in business administration. You will gain complete knowledge by taking courses that will put you on the right track on how to run a business very well.

Therefore, course work for a bachelor’s program encompasses management principles and practices such as:

  • Business-oriented computer applications.
  • Communication
  • Business ethics
  • Financial management
  • Organizational leadership
  • Resource management: people, money, time.
  • Strategic planning

The bachelor’s program takes four (4) years to complete, after which you earn either a Bachelor of Business Administration (BBA) or a Bachelor of Business Administration (BSBA).

Master’s degree

With an MBA degree, graduates go through an extensive list of management roles. From corporate controllers to CEOs at charity agencies to independent consultants and business owners, graduates of MBA programs are placed in a variety of career opportunities throughout their careers.

MBA students can choose a full-time MBA or part-time MBA program. Full-time MBA programs take two years to finish. Additionally, students can enter a BA / MBA program where they earn their Bachelor’s and MBA’s in a total of five years.

Doctor of Business Administration (DBA)

A Doctor of Business Administration (DBA) prepares graduates to lead, consult, and teach in corporate and academic fields. However, it is designed for graduates with management experience. DBA degree programs build on skills acquired through master’s level study. Like a Ph.D., a DBA equips professionals with experience in management and control principles and a higher level of competence in conducting research.

Similarly, students can earn their DBA within three to six years. But it depends on whether they enroll in a full-time or part-time program.

DBA studies generally require research classes and analytical methods; management core subjects, such as strategic planning, change management, and solution-oriented leadership; and the student’s choice of specialization.

The best MBA schools in the world in 2022

List of the best MBA schools in the world

We have put together a list of the best business schools in the world offering quality business management education.

Well, this selection was done in order of quality, the uniRank ranking of world universities, our information from reliable government sources, student surveys, university graduate interviews, and editorial review.

So based on these criteria, here is a list of the top 10 business schools in the world in 2022:

  • MIT
  • Stanford University
  • Oxford University
  • University of Cambridge
  • The University of California, Berkeley
  • London School of Economics and Political Science
  • Duke university
  • University of Chicago
  • University of Pennsylvania
  • Harvard University

# 1. Massachusetts Institute of Technology (MIT)

Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts. It is actually a small university with an enrollment of 4,510 undergraduate students. MIT alumni continue to earn a starting salary of $ 82,300.

Additionally, the Sloan School of Management, known as MIT Sloan, offers business programs at MIT. In fact, business courses at this best undergraduate business school cover many topics such as operations research, consulting, entrepreneurship, finance, information technology, product development, and marketing.

Also, these best undergraduate business schools in the world have an acceptance rate of 8% and a graduation rate of 94%. Although the student-faculty ratio is 3: 1, its tuition is $ 48,452.

Accreditation: New England Commission on Higher Education (NECHE)

Address: 77 Massachusetts Avenue Cambridge, MA 02139

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#2. Stanford University

Stanford University is a private research university in Stanford, California This institution has one of the largest university campuses in the United States.

Actually, this institution is one of the best undergraduate business schools in the world and has an acceptance rate of 4%. Also, the graduation rate is 95%.

With a student-faculty ratio of 12: 1, these colleges tuition is $ 51,354.  

Accreditation: Western Association of Schools and Colleges Commission on Colleges and Universities (WASC)

Address: 50 Serra Mall, Stanford, CA 94305, United States.

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# 3. University of Oxford

In fact, the University of Oxford is a university research university in England and the oldest university in the English-speaking world.  

In addition, the Oxford Business School deals with business, management and finance. Similarly, it offers an MBA program, an Executive MBA program, a Ph.D. in management studies and master’s degrees in financial economics, law and finance, and strategic management.

In addition, it has an acceptance level of 17.5%. The student-faculty ratio is 17: 1 while the tuition is $ 9,250.

Accreditation: Private Council

Address: Oxford OX1 2JD, UK

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# 4. Cambridge University

The University of Cambridge is the second oldest university in England and was founded in 1209.

Actually, Cambridge Judge Business School offers courses covering MBA, Master of Finance, Master of Accounting, and a number of MPhil programs.

Additionally, Cambridge University has an acceptance rate of 21% and a graduation rate of 83%. On the other hand, the student-faculty ratio is 4: 9. Additionally, this institution has an enrollment of £ 9,250 (in state) and £ 21,732 (out-of-state).

Accreditation: New England Commission on Higher Education (NECHE)

Address: Old Schools, Trinity Ln, Cambridge CB2 1TN, UK.

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# 5 The University of California, Berkeley

Well, the University of California, Berkeley is a public research university in Berkeley, California, founded in 1868. Well, it is a large school with an enrollment of 29,351 undergraduates.

Actually, the UC Berkeley business school is known as the Haas School of Business. This business school is the second oldest business school in the United States and was founded in 1898.

Also, admission to this best undergraduate business school is highly competitive. The Haas School of Business teaches courses across the academic spectrum. Actually, these courses cover full-time MBA, evening and weekend MBA, executive MBA, master’s in financial education, and undergraduate degrees.

Overall, UC Berkeley alumni continue to earn a starting salary of $ 48,700.

However, UC Berkeley has an acceptance rate of 17% and a graduation rate of 91%. Similarly, the student-faculty ratio is 18:1. Actually, this best undergraduate international business school has a tuition of $14,184 (California residents) and $43,176 (out-of-state students)

Accreditation: Western Association of Schools and Universities (WASC).

Address: 200 California Hall, Berkeley, CA 94720, United States.

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# 6. London School of Economics and Political Science

In reality, this institution is known as an international center of academic excellence and innovation. However, LSE, which is one of the best undergraduate business schools in the world, is known for studying real-world subjects, from economics, politics, law, sociology, anthropology, accounting, and finance.

In addition, it has an acceptance rate of 9% and a graduation rate of 91%. Also, the student-faculty ratio is 6 while the tuition is GBP 9,250 (local) and GBP 18,408 (international tuition).

Accreditation: Private Council

Address: Houghton St, Holborn, London WC2A 2AE, UK

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# 7. Duke University

This is a private research university in Durham, North Carolina, founded in 1838 by Methodists and Quakers in present-day Trinity. The institution actually moved to Durham in 1892. 

However, popular majors are public policy, economics, biology, biomedical engineering, and psychology. Additionally, Duke University requires college students to live on campus for the first three years of study. Similarly, about 95 percent of students graduate within four years of enrollment.

Above all, Duke University, which is one of the best undergraduate international business schools in the world, has an acceptance rate of 11% and a graduation rate of 95% of students. In reality, the student-faculty ratio is 6:1 while the tuition is $57,980.

Accreditation: Southern Commission on Colleges and College Schools (SACSCOC)

Address: Durham, NC 27708, United States

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# 8. University of Chicago

Well, the University of Chicago is a private research university founded in 1890. However, this school has been shaping the intellectual lives of college students for several years.

In addition, this university has produced 91 Nobel laureates, the largest number affiliated with any American university. Furthermore, students at the University of Chicago were the first to split the atom, measure the speed of light, and create the field of sociology.

Additionally, UChicago has an acceptance rate of 8% and a  graduation rate of  93%. Similarly, the student-faculty ratio is 5: 1. This best undergraduate business school in the world has a tuition is $58,230.

Accreditation: Higher Learning Commission

Address: 5801 S Ellis Ave, Chicago, IL 60637, United States

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# 9. University of Pennsylvania

The University of Pennsylvania is a private Ivy League research university in Philadelphia, Pennsylvania. Additionally, Penn is a large university with an enrollment of 10,496 undergraduate students.

Therefore, Penn, which is among the best undergraduate business schools in the world, has produced 25 Nobel laureates, including physicist Raymond Davis Jr and economist Lawrence Klein. It has also produced several heads of state.

Also, the acceptance level in this undergraduate business school in the world is 9%, while the graduation rate is 96%. The student-faculty ratio is 6: 1. Also, the tuition is $55,584.

Accreditation: Commission of the States of the Environment on Higher Education

Address: Philadelphia, PA 19104, United States

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# 10. Harvard University

Harvard University is a large private Ivy League research university in Cambridge, Massachusetts. Nonetheless, it has an enrollment of 7,147 undergraduate students.

On the other hand, Harvard University has produced eight US presidents, several foreign heads of state, 62 living billionaires, 359 Rhodes Scholars, and 242 Marshall Scholars. In fact, some of the students at this institution are winners of Pulitzer Prizes, Nobel Prizes, and Academy Awards. 

Actually, Harvard University’s acceptance rate is 5% and the graduation rate is 96%. Similarly, the student-faculty ratio is 7: 1 with a tuition of $47,074.  

Accreditation: New England Commission on Higher Education (NECHE)

Address: Massachusetts Hall Cambridge, MA 02138

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Conclusion

Running a business is never an easy task. This is why business management degrees are among the most in-demand programs in the world.

However, once you study business administration at any of the best undergraduate business schools in the world, you will find a job as a management apprentice in the sales or retail industry. You can also jump into administrative and managerial roles. In fact, an MBA will lead you to leadership positions like CEO or CFO.

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