Top 10+ Most Prestigious Schools for Business Administration in the US Today
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| Top 10+ Most Prestigious Schools for Business Administration in the US Today |
Business Administration can be understood simply as the performance of administrative acts in the business process to maintain and develop the business of an enterprise. The jobs that managers need to do include: consider, set up systems, processes and maximize efficiency, manage business activities with their own thinking and decisions. Managers also perform a variety of tasks such as financial management, data analysis and market trends for the business.
In order to succeed in this dynamic and challenging field of study, students need to master a broad and in-depth knowledge of each specific discipline, as well as a general understanding of the economy and society. This is considered a solid foundation for you to understand the overview of each job, from which you can deepen your research related knowledge. Besides, computer skills and foreign languages are also one of the important factors that need to be cultivated on the journey to conquer the peak of your career.
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What does Business Administration major in?
Business Administration is considered a fairly broad field of study with great career potential. As a graduate of Business Administration, you can find work in a variety of fields, including:
• Government agencies
• Real estate company
• Hospitals, schools and banks
• Distribution centers and transportation companies
• Non-profit organizations
• Manufacturing, service and trading companies
In the US, Business Administration is considered a large and diverse major. It consists of many sub-disciplines spanning related fields such as:
• Corporate governance
• Start-up Management
• Logistics Management
• Human resources management
• Tourism - restaurant - hotel management
• Real estate business management
• Commercial business management
• Quality Management
• Managing the supply chain
• Production Management
• Human Resource Management
Top Best Schools for Business Administration in US
Here are the top best schools in the US that train the best business administration that you should know.
1. University of Chicago Booth School of Business
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| University of Chicago Booth School of Business |
Website: https://www.chicagobooth.edu/
The University of Chicago Booth School of Business topped the ranking of the best business schools in America for the second time in a row.
US News on April 24 announced the ranking of the best business schools in the US, the school year 2023-2024. These are schools that offer full-time Master of Business Administration (MBA) programs.
The MBA program at Booth lasts for 21 months and the tuition fee is about 74,919 USD/year (1.7 billion). The program begins with the fundamentals of business — accounting, economics, psychology, sociology, and statistics. Students use analysis and apply evidence-based thinking to solve business problems.
2. Kellogg School of Management (Northwestern University)
Website: https://www.kellogg.northwestern.edu/
A private school established in 1898, the school is located in the heart of Boston in the state of Massachusetts, USA. This place is considered one of the largest economic key cities in Massachusetts as well as in the whole United States.
The school has a long history of outstanding achievements such as: Ranked 4th in the US for supporting Co-op programs and internships for students; Ranked 1 school with the highest number of international students in Massachusetts as well as in the top 40 national schools in the US.
Northeastern is a strong school in the field of economics such as: Business Administration; Engineer; Human Resources;… The university also offers a variety of programs from undergraduate, graduate to transfer programs exclusively for international students. This is a school with a quite suitable tuition fee for Vietnamese students when deciding to study Business Administration in the US.
3. The Wharton School of the University of Pennsylvania
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| The Wharton School of the University of Pennsylvania |
Website: https://www.wharton.upenn.edu/
Pennsylvania's Wharton School is America's first business school, currently has the largest alumni network in the country, tuition fees $ 74,500 a year.
As one of the first business schools to join the Ivy League, the school has an extensive alumni network around the world with nearly 90,000 alumni. That includes some notable faces such as Jeff Weiner – CEO of LinkedIn; John Sculley - former CEO of Apple Inc and JD Power III - Founder of JD Power and Associates.
According to the Financial Times, the average salary of students after 3 years of graduation at the University of Pennsylvania is about 171,543 USD/year. Not only that, the rate of students having jobs after graduation is up to 95%.
4. MIT Sloan School of Management (MIT Institute of Technology)
Website: https://mitsloan.mit.edu/
Accounting, business analytics, economics, entrepreneurship, finance, general management, health care administration, human resources management, industrial management, international business, leadership, manufacturing and technology management, marketing, management information systems, production/operations management, organizational behavior, and su At graduation, 83.80% of full-time program graduates are employed.
First-year students who want to attend MIT Sloan must apply to the Massachusetts Institute of Technology with an acceptance rate of less than 10%. The MBA program here lasts 2 years, students have the opportunity to collaborate with many people. corporations, large enterprises around the world, especially large corporations in the field of technology.
5. Harvard Business School (Harvard University)
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| Harvard Business School (Harvard University) |
Website: https://www.hbs.edu/Pages/default.aspx
Founded in 1636 in Cambridge, Massachusetts. Belonging to the Ivy League, the school is the second most famous higher education institution in the world with many remarkable achievements.
When you study for an MBA at Harvard, you will have a great learning experience with the knowledge of business, management and important skills for the job. Besides, you also have access to a network of important and influential people in the world who have grown up from Harvard.
There have been more than 100,000 business graduates at Harvard University and most of the graduates have worked at well-known companies around the globe. Some particularly notable alumni include: Jamie Dimon – Chairman and CEO of JPMorgan Chase & Co; Jeffrey Immelt – President and CEO of General Electric.
6. Stanford Graduate School of Business (Stanford University)
Website: https://www.gsb.stanford.edu/
It is one of the top research universities in the world. Located in the Gulf of California area, the nation's most culturally diverse and dynamic region.
Stanford University is considered the leading school of business administration training in the United States. Some notable alumni of the school include: John Donahoe – president and CEO of eBay; Richard Kovacevich – former President and CEO of Wells Fargo & Co;…
The starting salary of MBA graduates here is about 158,400 USD/year (3.62 billion). MBA students at Stanford are highly appreciated for their ability to advance in their work.
7. Tuck School of Business (Dartmouth College)
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| Tuck School of Business (Dartmouth College) |
Website: https://www.tuck.dartmouth.edu/
Dartmouth College's Tuck School of Business (Tuck) offers the following departments and concentrations: accounting, consulting, e-commerce, economics, entrepreneurship, ethics, finance, general management, health care administration, human resources management, industrial management, international business, leadership, manufacturing and technology management, marketing, not-for-profit management, production/operations management, project management, organizational behavior, and organizational psychology. Its full-time tuition is $77,520 per year. At the end of the full-time program, 91.40 percent of graduates are employed.
Dartmouth College's business, management, and marketing program offers a major in business administration and management. Dartmouth Business Administration majors with a master's degree earn a median annual salary of $160,724 per year. This is a better-than-average outcome given that the median salary for all master's-level business administration graduates is $63,566.
8. Yale School of Management (Yale University)
Website: https://som.yale.edu/
Yale University, located in the midsize city of New Haven, is a private, non-profit university with a large student population. Yale is a great university in general, with a Best Colleges ranking of #15 out of 2,241 colleges nationwide.
Students can get involved in a variety of academic centers, including the International Center for Finance, the Center for Business and the Environment, and the Center for Customer Insights. Students can also join dozens of clubs ranging from professional development groups to sports teams and community service organizations. There are study abroad opportunities available through the London School of Economics and Political Science, as well as the Tsinghua University School of Economics and Management in Beijing.
In the most recent year for which data is available, approximately 495 business administration and management students graduated from Yale. Yale University business administration and management students earn $101,955 more than the average business administration student.
9. Ross School of Business (University of Michigan - Ann Arbor)
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| Ross School of Business (University of Michigan - Ann Arbor) |
Website: https://michiganross.umich.edu/
The University of Michigan, a public university founded in 1817, had a humble beginning. Cows owned by the faculty once grazed on the campus in Ann Arbor, west of Detroit, and wheat was grown on site as part of a janitor's remuneration as late as 1845.
Located in the city of Ann Arbor, Michigan, is the largest school in the state. Among the top best universities in the US.
Ross School of Business ranks 10th on this list. The school focuses on teaching through practice, and students can complete a full-time MBA in two years. There are also master's degree programs in accounting, management, entrepreneurship, and supply chain management, as well as a Ph.
10. Duke University
Website: https://duke.edu/
If you want to study business administration and management, Duke University is hard to beat. Duke University, located in the large city of Durham, is a private, non-profit university with a sizable student body. Duke is a great university in general, with a Best Colleges ranking of #3 out of 2,241 colleges nationwide. As one of the wealthiest private universities in the US and a birthplace of international scholars. The university has always attracted thousands of international students.
In the most recent year for which data is available, approximately 782 business administration and management students graduated from Duke. Duke University Business Administration & Management degree recipients earn approximately $94,695 more than the average business administration and management major.
11. Columbia Business School - Columbia University
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| Columbia Business School - Columbia University |
Website: https://home.gsb.columbia.edu/
Columbia University, located in Manhattan and thus at the heart of the United States' global business hub, is ranked joint 22nd in the world for business and management. The school was founded in 1916 to offer an MBA program to Columbia University students. The school has a very large alumni network and is influential in all the top investment banks. It prides itself on being "at the very center of business."
The private research university has 20 schools, including architecture, planning and preservation, business, Jewish theological seminary, and law, as well as 23 libraries located throughout the city. Sponsored research at its medical center generates more than $600 million per year.
Columbia Technology Ventures, the institution's technology transfer office, manages over 400 new inventions each year and has assisted in the launch of over 150 start-up companies based on Columbia technologies.
In addition, the university has nine Columbia Global Centres, which aim to promote and facilitate collaboration among the university's faculty, students, and alumni in order to address global challenges. China, Jordan, Turkey, Kenya, India, France, Chile, Brazil, and New York City are among them.
12. Haas School of Business (University of California, Berkeley)
Website: https://info.haas.berkeley.edu/
Founded in 1868, it is the oldest campus of the University of California system. Attracts a large number of international students every year.
In the most recent data year, approximately 415 business administration and management students graduated with this degree from UC Berkeley. When they enter the workforce, graduates of the University of California - Berkeley's business administration and management program earn $71,181 more than the average college graduate in this field.
The school's Haas@Work program assigns students to work on projects at local and global companies. Students earn their MBA in 21 months in a full-time program, and electives make up more than half of the MBA curriculum.
Conclusion
The United States is the country that owns the most modern education in the world with more than 1500 universities training in Business Administration. Among the countless opportunities ahead, you must be somewhat confused when making a choice.
However, if you have decided that the United States will be the place to fulfill your dream, what you have to do is find out which schools are suitable and meet your requirements to apply. Above we have suggested to you some of the top schools in the US that offer Business Administration training!
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