Por Susan Adams
For the 2017 generation of Harvard Business School students submitted 9,686 request. The HBS accepted 11% of them, and 937 decided to attend. HBS students pay a high price. The annual tuition exceeds $ 61.000 and the cost for one year of the MBA program two years reached 98,400, bringing the total for Harvard MBA is about 200,000. That, not counting the lost wages of those who stop working for two years.
But students are betting that the title will bear fruit. And the numbers back them up. The HBS reports that 93% of 2014 graduates seeking employment generation received offers three months after finishing school. These graduates are paid handsomely. Their median starting salary base was $ 125,000 at least 65% of that group got an average salary bonus of $ 25,000 and 20% received other guaranteed 34,700 compensation, which means that some of the graduates of the master Harvard this year, they are making at least $ 184.700.
A new list published by LTG Exam, a company dedicated to the preparation of applicants for entrance exams reveals, not surprisingly, that Harvard MBA program has the most coveted in the world. Exam LTG figures come from about 5,000 users who are preparing for GMATs (short for General Admission Test direction) using the app company, Prep4GMAT, allowing them to study at their own pace and connect with live tutors if they wish. Users rated their top five business school options. In the latest Forbes ranking of the best business schools, Harvard also ranked first.
Today MBA aspirant may not realize that the degree is a relatively recent invention in higher education. Harvard University dates back to 1636, but the business school only started in 1908, when, according to the school, offered the world's first MBA program. (There were other business schools that preceded it, as ESCP Europe, which was founded in 1819 and has campuses in five European cities like Paris and London and Wharton, the first business school in the US, founded in 1888.)
Harvard is also known for its dozens of extremely successful graduates, including billionaire Michael Bloomberg, Sheryl Sandberg, the titan of hedge funds Bill Ackman and former President George W. Bush.
Second in the Forbes list and LTG Exam it is the Stanford Business School, which costs more than Harvard, $ 103.419 a year to the incoming class. As graduates of the HBS, Stanford alumni are highly demanded in the labor market. Of the 2014 class members seeking employment, 95% had achieved one three months after graduation, with an average compensation of $ 125,000. For those who received both signing bonuses and other guaranteed compensation, the average total came to $ 181.500. Stanford, which was founded in 1925, this year has a total enrollment of 809 students.
The Sloan School of Management at MIT placed third in the list of LTG Exam, despite ranking tenth in the list of Forbes. The cost is comparable to Harvard, $ 98.014, as its employment statistics. Among the class of 2014, 94.6% of job seekers received a job three months after graduation. The average base salary for graduates of Sloan was only slightly lower than Harvard and Stanford, to $ 124.400. Sloan has its origins in 1914, when a business course was founded in the engineering school who later became the business school, which now has 1,300 students.
Although the three schools in the top of the list are no surprise, a number of schools among the top 25 and even 10, which were unknown to me. Since LTG Exam app is used in 193 countries, including the wishes of an international group of students.
Fourth is a school of which he had never heard of the Indian School of Business. I found it in a list published by the Financial Times, ranked at 33 (Forbes ranks schools only EU). The school was founded in 1996 by two executives from McKinsey, Rajat Gupta and Anil Kumar, who led a group of consultants during startup. Kumar Wharton recruited as an ally in the US and Gupta drew the Kellogg Business School at Northwestern. The institute is located in the city of Hyderabad, where he built its campus in 1999. The website of the ISB in dozens of graduates ready to entrepreneurs from their classrooms, as Anish Sonal, the generation of 2002, which provides business intelligence through its company Orkash Services, and Bijaei Jayaraj, who runs a firm customer loyalty system called Loylty Rewardz.
The University of Pennsylvania (Wharton) is next in the list of LTG, followed by the London Business School, but no other campus seventh Indian new to me, the Indian Institute of Management, number 26 on the list of FT. Founded in 1961, it is a public school based in Ahmedabad, in the state of Gujarat. It is one of the nine campuses of the IIM in India, and has some alumni of quality, as Ajay Singh Banga, president and CEO of Mastercard, and the late Guru CK Prahalad, a professor at the Ross School of Business at the University of Michigan who wrote the influential book The Fortune at the Bottom of the Pyramid, on models designed to serve the world's poorest people business. It also was not familiar with the Jain School of Management AP, which has campuses in Sydney, Mumbai, Singapore and Dubai.
The costs of some of the foreign schools on the list are significantly lower than those in US schools. Example: The Indian School of Business charges about $ 40,000 a year. Their employment statistics are impressive, from 884 deals for a class of 766. Laos costs business schools of the National University of Singapore around $ 66,000 but because connections you do in business school can be as valuable as the subjects studied, if you speak English and you can raise the money to attend a US school, I would recommend you to do it.
This is the complete list of the 25 most popular schools business users LTG Exam:
1 Harvard
2 Stanford
3 Sloan School of Management (MIT)
4 Indian School of Business
5 Wharton (University of Pennsylvania)
6 London Business School
7 Indian Institute of Management
8 Columbia
9 INSEAD
10 NYU Stern (New York University)
11 University of Oxford
12 Yale
13 Kellogg School of Management (Northwestern)
14 University of Chicago Booth School of Business
15 Haas School of Business (University of California, Berkeley)
16 National University of Singapore
17 UCLA
18 Tepper School of Business (Carnegie Mellon)
19 University of Cambridge
20 HEC Paris
21 Boston College
22 Imperial College London
23 Duke University
24 USC Marshall School of Business
25 SP Jain School of Global Management
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