Business Administration and Management is a broad program that is available in several institutions. It focuses on educating students on the running and operations of a business. It consequently includes all aspects of overseeing, supervising, and management of business operations. Business administration and management cover fields that include accounting, finance, project management, and marketing.
Business administration and management is a very vast program and takes 4 years to get an undergraduate degree.
Degrees available under Business administration and management programs at several levels include;
Bachelor of Business Administration (BBA).
The BBA is an undergraduate degree. The degree develops the student’s practical, management, and communication skills. It also, consequently, develops business decision-making capability. It is a four years program.
Masters of Business Administration (MBA).
The MBA is a graduate program that covers various areas of business. Such areas include accounting, finance, marketing, human resources, and operations. However, this program is done in a manner most relevant to management analysis and strategy. Also, a traditional full-time MBA program runs for two years.
Doctor of Business Administration (DBA).
The DBA is a research doctorate program. It is conferred on the basis of advanced study and research in the field of business administration. Research and thesis are first done, thereafter, it takes 1-4 weeks to be awarded the DBA.
Ph.D. in Management.
The Ph.D. in Management is the highest academic degree award in the study of management. The degree has a good design for those seeking academic research as well as teaching careers. Such students, most likely aim to be professors in the study of management.
Doctor of Management (DM).
The DM is a doctoral degree in management. Individuals who have gone through advanced study and research training receive the degree. However, the research and study are based on the applied science and professional practice of management. This doctorate has elements of research and practice. Both of which are relative to social and management concerns within society and organizations.
All programs are of the same goal. That goal is to enhance student administrative and management skills. However, each program has its own prerequisite for a student before application.
As it is already known, business administration and management is a highly sought after course. Many students want to study this course. But choosing an institution can be really challenging. Several factors become important.
To this end, we have decided to compile a list. This list is irrespective of location, cost, etc. However, quality, ranking, and delivery were important to the selection process. So also, academic reputation, employability, and research impact was also in mind. However, it only shows the best schools (according to https://xscholarship.com) to study in.
This is a list of 15 best Business administration and management institutions in the world.
Note that this list is in no particular order.
University Of Texas Business School.
With over 12,900 students, Mc Comb school of business makes the list. The Mc Comb school of business serves as the business school to the University of Texas.
The School offers undergraduate, master’s, as well as doctoral programs. With over 98,648 alumni base, Mc Combs places tuition at about $58,000 for international students. Mc Comb is arguably the oldest public business school in Texas.
Also, living expenses, books, student fees, and miscellaneous could cost another $24,000.
All business administration programs are also available at the school visit http://www.mccombs.utexas.edu. for more info.
Washington University Business School.
The Olin Business School is one of the seven academic schools at Washington University. Founded in 1917, the school offers several and more BA programs. Programs such as BSBA and MBA. Also available are MS in Supply Chain Management, Corporate Finance, and Investments, Wealth and Asset Management, etc. Masters in Accounting, Business Analytics, Accounting Analytics, Supply Chain Analytics, Financial Technology Analytics, Healthcare Analytics, Talent Analytics. Executive MBA, Doctor of Business in Finance (DBA) and Ph.D. degrees are also available.
With its tuition at about $49,000, Olin Business School is one to reckon with. Visit the school at http://www.olin.wustl.edu
Erasmus University, Rotterdam.
Rotterdam School of Management is the international business school of the Erasmus University located in Rotterdam, Netherlands. It offers undergraduate and postgraduate programs taught mostly in English. Its programs include MBA, EMBA, and Ph.D. programs. Established in 1970, the school has over 7500 students and over 300 researchers and Ph.D. students.
Rather affordable, the 2022/23 tuition fee for the BSc in International Business Administration program is approximately €9,300. However, this doesn’t cover other fees and payments. The Dutch government contributes towards this cost for students who hold nationality from countries in the European Economic Area. Therefore, such students pay only the statutory fee of €2,143 per year. Life is relatively beautiful in Rotterdam, so prepare to enjoy the city. Click on http://www.rsm.nl to know more.
HEC Paris is an international business school located in Jouy-en-Josas, France. Established in 1881, it is among the most selective French grandes écoles. HEC Paris offers a Master in Management, MBA, and EMBA programs. It also offers specialized MSc programs, PhD programs, and executive education programs.
The HEC Paris has academic staffing of 139 as well as a student force of 4,238. With a €22,000 a year tuition for the regular MBA program, the HEC was ranked 2nd best business school in 2017. However, yearly tuition does not include other fees. Follow http://www.hec.edu to know more.
The Yale School of Management serves as the graduate business school for Yale University. The Yale SOM is a private school with an annual budget of $125.4 million for academic activities. The school offers several BA Programs from MBA, EMBA, MAM, as well as MGBS and MSR. With a total average of about 300 enrollments annually, the Yale SOM is one to be on this list.
In 2017/18 AY, tuition for a single M.B.A., M.A.M., and M.M.S. students was $66,650. Also cost, books, fees, and all living costs were $27, 250. This summed up to $93,900. Also, students are charged a mandatory program fee of $2,040. However, all fees are subject to review by the institution. Its website is http://www.som.yale.edu
University of Chicago Business School
The Chicago Booth is the Business School for the University of Chicago, Illinois. Established in 1898, the Chicago Booth has over 200 academic staff and 3200 postgraduate students. Total tuition for a two-year program is $146,880. However, the full tuition payment can spread over six quarterly installments. However, this is regardless of student academic progress or whether students graduate in fewer than six quarters. Chicago Booth is the second-oldest business school in the U.S. and the first such school to offer an Executive MBA program. Find out more on http://www.chicagobooth.edu
MIT Business School
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, United States. MIT Sloan offers bachelor’s, master’s, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world. With about $41,000 in tuition, MIT Sloan focuses on professional as well as management development.
Established in 1914, the institution has grown to have over 1300 students and over 200 academic staff. With notable alumni such as Bill Ford and Koffi Anan, MIT Sloan http://www.mitsloan.mit.edu is one to be proud about.
Oxford University Business School
Saïd Business School is the business school of the University of Oxford. It gets its name after Syrian-Saudi billionaire Wafic Saïd. The school is part of Oxford’s Social Sciences Division. Oxford Saïd offers learning for undergraduate and graduate students in business, management, and finance.
With over 1000 students across all, it’s programs, the school also has over 90 staff members. Its tuition for local students undergoing an MBA program is about $39,000. However, the total cost could rise with additional fees. More details are available at http://www.sbs.ox.ac.uk
The Tuck School of Business is the graduate business school of Dartmouth College. The college is an Ivy League research university in Hanover, New Hampshire.
In 2015, 560 students got admission into the school’s beautiful rural-campus college setting. The Tuck MBA offers a rigorous curriculum in business and management programs. This means it focuses only on its MBA program. However, it also offers an Advanced Management program for professionals. This program has a maximum of two weeks’ duration.
Its local tuition is about $55,000. However, extra fees are not included in that amount. Know more on http://www.tuck.dartmouth.edu
London Business School
London Business School is a business school and a college of the federal University of London. LBS was found in 1964 and awards post-graduate degrees.
The LBS has over 2000 students undergoing it’s business programs.
LBS was 1st in Europe by the Financial Times between 2014-2019. It was also 2nd in the world for Business and Management Studies in 2017 by the QS ranking.
Consequently, LBS’ post-experience Masters in Finance program ranks 1st in the world by the Financial Times.
The LBS tuition cost for an MBA program in 2020 is £87,900. This price may vary with certain conditions. Click on http://www.london.edu to know more.
Cambridge Business School
Founded in 1954, currently, with over 400 students, Cambridge Judge Business School is the business school of the University of Cambridge. The School is a provider of management education and is consistently ranked as one of the world’s top business schools. The school offers MBA and EMBA programs, as well as Masters in Finance and Management respectively. It as well holds programs in executive education as well as custom programs.
It’s a tuition fee for AY starting September 2020 is £69,200. Other fees such as faculty and extra charges are not included. Find out more on http://www.jbs.cam.ac.uk
University of Pennsylvania Business School
The Wharton School is the business school of the private University of Pennsylvania. Established in 1881 through a donation from Joseph Wharton, the Wharton School is the world’s oldest college school of business.
Wharton have over 5000 students undergoing several courses in its programs. Consequently, it has a strong academic staff capacity of over 480 members.
Wharton Business School has notable alumni such as Donald Trump, Elon Musk, and billionaire Warren Buffet.
Its tuition is around $48,000 without the addition of other fees. However, it may sum up when other fees are included. The website is http://www.whartons.upenn.edu
Michigan Ross Business Institute
Established in 1924, the Ross School of Business is a business school for the University of Michigan. It offers bachelor’s, master’s, and doctoral degrees, as well as an executive education program. Its BBA, MBA, and Executive Education programs rank among the top in the U.S. and the world. Consequently, it ranks 7th in the world for it’s MBA program. Ross also offers dual degrees with other University of Michigan colleges and schools.
The Michigan Ross has over 3000 students and over 200 academic staff. It’s tuition is about $61,000 for local and about $71,000 for non-residents. Visit http://www.michiganross.umich.edu
Stanford Graduate Business school
Stanford GBS is a private business school that serves as the graduate business school for Stanford University.
Found in 1925, Stanford offers MBA, MSx, and Ph.D. programs, as well as joint degrees with other schools at Stanford. The GSB also offers Stanford LEAD, an online professional certificate program.
With an academic staff of over 100 and a student base of over 3000, the GBS has high regard.
According to Forbes, the http://www.gsb.stanford.edu ranks 2nd in the U.S for it’s MBA. According to FT, it’s the 2nd best business school in the world.
Its tuition is about $55,200 for its regular MBA program and could differ by program.
Harvard Business School
Arguably one of the best schools in the world right now, Harvard Business School makes the list.
Harvard Business School (HBS, is the graduate business school of Harvard University located in Boston, Massachusetts. The HBS offers a large full-time MBA program, management-related doctoral programs, as well as executive education programs. It owns Harvard Business Publishing. Most of its publications are business books, leadership articles, case studies, and the monthly Harvard Business Review. It is also home to the Baker Library/Bloomberg Center.
Established in 1908, the HBS has a total staff power of 1800 and over 3000 students.
The school has high esteem amongst other business schools however, it does not make it the best.
The annual tuition for an MBA program at HBS is $72,000 with over $22,000 in other expenses. Those including housing, faculty fees, and other levies. More information is available at http://www.hbs.edu
Certainly, you must have found this list if business and administration schools useful However, remember that this list is in no particular order. The basic criteria to the list were the reputation of the school, quality of education facilities, and research-based study.
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