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Top 10 best MBA colleges in the world: ranking, fees & scholarship

Last updated: Oct 9, 2025

Are you someone who feels stuck in a career and is confused about the next major step? If so, pursuing an MBA can be a game-changer for your career. Whether you are coming from a business background or the STEM field, an MBA is always the perfect opportunity for you to seize. With the wide range of top MBA colleges in world, you will not gain theoretical knowledge but practical experience and global exposure that will prepare you for the global employment market. Here in this informative guide, we will provide you with thorough knowledge about the top 10 MBA colleges in world, standing perfect for your global career.  

Study at Top MBA Colleges in World| Gradding.com

Table of Contents

Why Study MBA?

Pursuing an MBA is not only about getting a postgraduate degree, but it is a big step in your career to dive into the world of business management. In recent times, the MBA has become a popular program among students and professionals, given the wide range of benefits it offers. Here are the top reasons:

Career Progression

  • Pursuing an MBA from a reputed institution is seen as a great way of career advancement. In simple terms, during the learning journey, students develop various in-demand skills that help them outshine the competitive job market.
  • After earning an MBA certification, students often enjoy opportunities for advancement, promotions and upgradation in their careers.

Skill Enhancement & Knowledge Acquisition

  • An MBA delivers an all-inclusive learning package of all facets of business, including finance, human resources, operations, marketing and accounting.
  • Pursuing an MBA means students can choose their specialisation and focus on particular areas of interest within business management.

Networking & Personal Growth

  • An MBA allows you to connect with students from different backgrounds, faculty members and a strong alumni network. These connections assist in knowing about various perspectives while developing essential career links.
  • Students also gain exposure to global business strategies and case studies that prepare them for the international business market. 

Top 10 MBA Colleges in the World

The decision to pursue an MBA is no doubt a major step in a student's life; however, pursuing it from a reputed business school plays a major role in a student's career outcome. The MBA programs around the world ensure students are offered a perfect blend of learning, networking opportunities and global exposure that plays a vital role in their success. Let us uncover the top MBA colleges in world offering unmatched learning and shaping future leaders.

1. The Wharton School, University of Pennsylvania, US

#1st QS Global MBA Rankings 2026

Being ranked at the top among the best MBA colleges in world, the Wharton School offers an MBA program that is perfect for students to gain business expertise and be equipped with leadership skills that assist in the accomplishment of wider career goals. Graduating from the Wharton MBA program allows you to connect with an alumni network of over 1,00,000 professionals, guiding and mentoring across various business fields.

Eligibility

  1. Transcripts and all academic records of the UG program completed from an accredited US college or equivalent in another country
  2. Scores of GMAT / GRE
  3. Strong scores in either of the English proficiency tests (TOEFL iBT, PTE, IELTS, or Duolingo English Test)
  4. Updated one-page resume, highlighting student job experiences and leadership & management skills.
  5. Additional document including statement of purpose for MBA, LOR and a mandatory essay 
Specialisations
  • Accounting
  • Business Analytics
  • Diversity, Equity, and Inclusion
  • Environmental, Social and Governance Factors for Business
  • Entrepreneurship & Innovation
  • Finance
  • Healthcare Management
  • Marketing
  • Operations, Information, and Decisions
  • Organizational Effectiveness
  • Real Estate
  • Statistics
  • Strategic Management 
Average Fees $92,820 (INR 82.36L) per year  
Average PlacementAround $175,000 (INR 1.55.Cr)

2. Harvard Business School

#2nd QS Global MBA Rankings 2026

Known for its case-study teaching approach, Harvard Business School has earned a reputation as one of the best MBA colleges in the world. Throughout the program, the faculty ensures students are equipped with various management and leadership skills that are important for a promising career in diverse fields.

Eligibility

  1. Must have the equivalent of a US bachelor's degree from an accredited institution
  2. Good scores in either GMAT or GRE
  3. English proficiency score card (TOEFL, IELTS, Pearson Test of English (PTE), or Duolingo English Test) is required.
  • TOEFL score not lower than 109 on the iBT
  • IELTS score lower than 7.5
  • PTE score lower than 75
  • Duolingo score lower than 145
  1. Additional documents, including resume, essays, and a letter of recommendation.
Specialisations
  • Accounting and Management
  • Business, Government & the International Economy (BGIE)
  • Entrepreneurial Management (TEM)
  • Finance
  • General Management
  • Marketing
  • Negotiation, Organizations & Markets
  • Organizational Behavior
  • Strategy
  • Technology & Operations Management (TOM)
Average Fees$76,410 (INR 67.73L) per year
Average PlacementAround $175,000 (INR 1.55.Cr)

3. MIT (Sloan)

#3rd QS Global MBA Rankings 2026

MIT Sloan is known for inventing the future of management through integrating the latest technologies into the curriculum. Wondering what makes MIT Sloan one of the top MBA schools in world? It’s the multiple degree program that it offers, which ensures students are equipped with skills that are vital to work in the future global market.

Eligibility

  1. A four-year undergraduate degree, showcasing strong academic ability.
  2. Transcripts from all colleges and universities you attended
  3. Scores of GMAT or GRE to better showcase your academic abilities.
  4. Cover Letter to showcase personal characteristics
  5. Letter of Recommendation
  6. Strong English proficiency through 250 words essay 
Specialisations
  • Entrepreneurship
  • Finance
  • International Business
  • Operations Management
  • Sustainability
  • Business Analytics / Decision Science
Average Fees$89,000 per year (INR 78.93L)
Average PlacementAround $169,370 (INR 1.50 Cr)

4. Stanford Graduate School of Business

#4th QS Global MBA Rankings 2026

Stanford School of Business is known to offer education through world-class faculty and a collaborative learning environment that ensures that students are prepared with the top skills required in the global market. Studying at Stanford means you are encouraged to take risks and innovate through new ideas that often result in groundbreaking projects. It is one of the primary reasons that places Stanford in the top 10 MBA colleges in world.  

Eligibility

  1. Official transcripts of all undergraduate and graduate institutions you are attending or have attended.
  2. Academic degrees pursued, received, or in progress
  3. Language Proficiency through either TOEFL, IELTS, or PTE. 
  4. Additional documents, including resume, letters of recommendation, and essays.

 

Specialisations
  • Entrepreneurship and Innovation
  • Finance
  • Marketing
  • Operations & Technology
  • Social Innovation
  • General Management
  • Organizational Behavior
  • Economics
Average Fees$85,755 (INR 76.06L) per year
Average PlacementAround $175,000 (INR 1.55 Cr)

5. HEC Paris

#5th QS Global MBA Rankings 2026

Preferred as one of the top MBA colleges in world, HEC Paris is a perfect option for students looking to be involved in a learning environment where they are taught to think critically, come up with new ideas and collaborate with professionals for valuable insights. The MBA curriculum at HEC Paris is designed to combine theoretical lessons with practical learning in selected specialisations.

Eligibility

  1. Applicant must have completed an undergraduate program at an accredited university
  2. Official transcripts
  3. Scores of GMAT or GRE
  4. At least 2 years of professional experience (not an absolute requirement)
  5. Strong English proficiency through TOEFL, TOEIC, IELTS, Cambridge English Exam, PTE, Duolingo English Test (DET).
Specialisations
  • Finance
  • Management & Organizations
  • Entrepreneurship
  • Strategy
  • Strategic Marketing
  • Sustainability
  • Tech & AI
Average Fees$118,458 (INR 1.05 Cr) entire program
Average Placement$ 124,000 (1.10 Cr)

6. London Business School

#6th QS Global MBA Rankings 2026

With the global reputation for world-class faculty and flexible, customizable curriculum, London Business School is no doubt one of the best MBA schools in the world. Students here have the right to guide their learning journey according to their career goals. In addition, a few other aspects such as global exposure, career support and vibrant student life make London Business School a top choice for students.

Eligibility

  1. Transcript of grades from each university student has attended
  2. Proof of English language ability through a score card of IELTS, TOEFL, Cambridge CPE, CAE, PTE Academic or Duolingo English Test
  3. A valid GMAT or GRE score
  4. Additional documents, including a one-page CV and application essays
Specialisations
  • Accounting
  • Economics
  • Finance
  • Management Science and Operations
  • Marketing
  • Organisational Behaviour
  • Strategy and Entrepreneurship
Average Fees$160,848 (INR 1.42 Cr) for entire program
Average Placement$123,674 (INR 1.09 Cr)

 7. Cambridge Judge Business School, University of Cambridge, UK

#7th QS Global MBA Rankings 2026

Studying at Cambridge Business School simply means you are part of one of the top MBA colleges in world with fee structure comparatively low to other leading colleges. The world-class faculty at the institution puts major emphasis on innovation while ensuring students enjoy a captivating learning experience and a desired career at a global level. In addition, through practical learning, students are prepared to work on real-world challenges.

Eligibility

  1. Work experience of more than 2 years with strong evidence of career progression
  2. A bachelor’s degree (equivalent to a high 2:1 on the UK scale) and have excelled academically
  3. A valid GMAT, GMAT Focus Edition or GRE score
  • GMAT score ranging from 680 to 690
  • GMAT focus ranging from 625 to 635
  • GRE verbal 78% and quant 71%
  1. Excellent English language abilities 
Specialisations
  • Finance
  • Marketing
  • Strategy
  • Entrepreneurship
  • Sustainable Business
  • Digital Transformations
  • Health Strategies
  • Energy and Environment
  • Culture, Arts and Media
Average Fees$99231 (INR 88.11L) (entire program)
Average Placement$ 102,098 (INR 90.56L)

8. INSEAD

#8th QS Global MBA Rankings 2026

Boasting a multicultural learning environment, INSEAD is no wonder one of the top MBA colleges in world. Students during their time at INSEAD are part of a global community that helps in learning a wide range of perspectives and developing international knowledge. In addition, the MBA program at INSEAD lasts for 10 months, offering an intensive and fast-paced curriculum to enter the global market.

Eligibility

  1. English proficiency through the score card of TOEFL, IELTS or PTE Academic
  2. A valid score on GMAT or GRE
  3. Copies of your transcripts and diploma.
  4. CV
  5. Letters of Recommendation
Specialisations
  • Accounting and Control
  • Decision Sciences
  • Economics & Political Science
  • Entrepreneurship and Family Enterprise
  • Finance
  • Marketing
  • Organisational Behaviour
  • Strategy
  • Technology and Operations Management
Average Fees$144,287 (INR 1. 27 Cr)
Average Placement$115,900 (INR 1.02 Cr)

9. Northwestern (Kellogg)      

#9th QS Global MBA Rankings 2026

Kellogg School of Management offers a flexible and innovation-driven curriculum instructed by world-class faculty members. The program focuses on offering practical learning opportunities through which students develop essential leadership and management skills. In addition, the extensive career support offered by Kellogg is one of the reasons that make it one of the top 10 MBA colleges in world.

Eligibility

  1. Hold a bachelor degree from an accredited institution
  2. Professional work experience showcasing leadership potential
  3. Valid scores of GMAT/ GRE
  4. Official academic transcripts
Specialisations
  • Accounting
  • Economics
  • Finance
  • Managing Organizations
  • Marketing
  • Operations
  • Strategy
Average Fees$86,370 (INR 76.74L)
Average Placement$191,800 (INR 1.70 Cr)  

10. Columbia Business School

#10th QS Global MBA Rankings 2026

Last in the list of top MBA colleges in world is Columbia Business school that offers student an unmatched learning environment where students are instructed by world-class faculty, with a strong focus on offering a perfect mix of theoretical learning and practical experience with the help of case studies. In addition, the Columbia Business School provides incomparable networking opportunities that no doubt makes it one of the best colleges for MBA in world.

Eligibility

  1. Bachelor’s degree or its equivalent from an accredited institution
  2. Strong GPA
  3. Scores of either GMAT, Executive Assessment, or GRE Score
  4. Resume showcasing skills and professional experience
  5. Essays demonstrating personal interests, career goals, and motivation
Specialisations
  • Finance
  • Marketing
  • Management
  • Business Analytics
  • Entrepreneurship & Innovation
Average Fees$91,172 (INR 80.89 L)
Average Placement$175,000 (INR 1. 55 Cr)

Scholarship for MBA in Abroad

Studying for an MBA abroad is no doubt an expensive prospect; however, with the availability of scholarships for MBA abroad, students can reduce their financial burden. These scholarships cover tuition fees and sometimes even living expenses. Here is the list of top scholarships available for students planning to study MBA abroad.

Scholarship Name & CountryAmount ReimbursedEligibility
Fulbright Foreign Student Program (USA)Up to USD $40,000–$60,000 per year (tuition + living expenses)
  • Outstanding academic record
  • Leadership potential
  • Proficiency in English
  • Admission to a U.S. university
Stanford Reliance Dhirubhai Fellowship (USA)Covers up to USD $150,000 for MBA at Stanford
  • Indian nationals with strong academic excellence
  • Commitment to contributing to India’s development post-MBA
Wharton Fellowship Program (USA)Between USD $20,000–$80,000 based on merit
  • Exceptional academic and professional achievements
  • Leadership skills
  • Financial need
Chevening Scholarship (UK)Covers full tuition + monthly stipend + airfare (USD $70,000 total)
  • Academic excellence
  • Minimum 2 years of work experience
  • Strong leadership potential
Commonwealth Shared Scholarship (UK)Up to USD $45,000–$60,000 (full tuition, stipend, and travel)
  • Students from Commonwealth countries with financial need and proven academic merit.
LBS Merit Scholarship (UK)USD $30,000–$50,000 (partial tuition fee)
  • Based on academic excellence
  • Leadership and contribution to the LBS community
Eiffel Excellence Scholarship (France)Up to EUR €30,000 (USD $32,000) (monthly allowance + travel)
  • International students under 30 with excellent academic records applying to top French universities.
HEC Paris MBA Scholarship (France)Between EUR €10,000–€35,000 (USD $10,800–$38,000)
  • High GMAT/GRE score
  • Academic distinction
  • Professional achievements
INSEAD Diversity Scholarship (France/Singapore)USD $10,000–$25,000 (tuition reduction)
  • Demonstrated diversity
  • Leadership experience
  • International mindset
Ontario Graduate Scholarship (Canada)CAD $15,000 (USD $11,000) per academic year
  • High academic standing (minimum 80%)
  • Full-time graduate enrolment in Ontario universities
Rotman School Entrance Awards (Canada)Up to CAD $20,000 (USD $14,500)
  • Awarded based on academic excellence
  • Professional achievements
Australia Awards Scholarship (Australia)Covers full tuition, travel, health insurance, and living allowance (USD $60,000/year)
  • Citizens of eligible developing countries with proven leadership and work experience.
Melbourne Business School MBA Scholarship (Australia)Between AUD $25,000–$100,000 (USD $16,000–$65,000)
  • Based on GMAT score, merit, and leadership record.

Conclusion

Summing up, this ends our informative journey of exploring top MBA colleges in world. Among the various post-graduation options, pursuing an MBA is highly preferred by students, given the unmatched opportunities for career advancement it offers.

With the various career opportunities, an MBA program from a reputed business school ensures that you can land your dream career.

Still confused whether an MBA is a perfect fit for your career or not? No worries, connect with our study abroad consultants today and take that first step towards your global career.

FAQs

1. Do I need work experience to get into a top MBA?

Yes, to get admission into a top MBA, work experience plays a vital role, considering various top programs prefer candidates having a professional experience of approximately three to six years, showcasing student leadership and career progression.

2. What is the cost of an MBA at top schools?

The cost of studying an MBA at top schools is significantly high, with fees reaching more than $120,000 to $170,000 (INR 1.06 Cr to INR 1.50 Cr)for the entire program in the US and over £100,000 to £120,000 (INR 1.19Cr to INR 1.43 Cr )in the UK.

3. Which exams should I take to apply for a top MBA?

For an application to a top MBA program, students need to take either the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE) to showcase critical thinking and problem-solving skills.

4. How important are essays and interviews?

Essays and interviews are crucial components of a top MBA application, showcasing your personality, goals and cultural fit. Moreover, they help in differentiating candidates beyond their GMAT/GRE scores and academic records.

5. Can I do an MBA without a business background?

Yes, it is possible to study an MBA without a traditional business background, as the majority of programs around the world prioritise diversity and accept students from various fields.

6. What is the difference between an MBA and an Executive MBA?

An MBA is generally a two-year program, which is for earlier-career professionals, requiring a full commitment. This program focuses on offering a brief overview of business management principles and skills. It also includes a mandatory summer internship, allowing students to gain practical experience. On the other hand, an executive MBA is for individuals with professional experience of more than 5 to 6 years. The course is primarily part-time, which focuses on career advancement and the development of leadership and strategic skills.

7. Which are the best MBA colleges in the world with low fees?

Top-ranked business schools with relatively low fees for their programs include the University of Singapore (NUS), ETH Zurich in Switzerland, and EAE Business School (for its online program).

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