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Harvard Tops Most Desired B-Schools In The World

Harvard Business School (HBS) and Stanford Graduate School of Business (GSB) held onto their first and second-place spots from last year in the annual list of the Most Desired Business Schools in the World released by Ready4. Ready4 is a Boston-based company creates test prep apps, surveyed over 250,000 prospective MBA students from 195 countries and based on that released the list.

Meanwhile, Wharton School of the University of Pennsylvania moved up two positions to capture the third spot displacing MIT (Sloan), which is now fourth. However, University of California’s Berkeley (Haas) jumped five spots from 15th in the previous year to 10th rank this year.
 
Of the 25-schools in the list, India has three institute, the Hyderabad and Mohali based Indian School of Business (ISB) ranked 5th, The Indian Institute of Management (IIM) is listed 13th and the Mumbai-based SP Jain Institute of Management & Research ranked 23rd. Eventhough Ready4 does not specify which particular IIM, seems to have taken them collectively.

INSEAD, offering 1-Year MBA programs with campuses at Fontainebleau near Paris, Singapore and Abu Dhabi 1s placed 9th in the rankings, held previous ranking. This year, four schools are new to the list: London School of Economics (17), Cornell (19), University of Michigan (Ross) (24) and Dartmouth (Tuck) (25).


The United Kingdom has 4 schools. The London Business School ranked 7th ,the Said Business School at the University of Oxford ranked 16th , London School of Economics 17th and Cambridge Judge Business School at 20.  France has two schools in the list. Apart from INSEAD, HEC Paris is ranked 18th.
 
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The Ranking Methodology

The rankings are based on the choices of registered Ready4GMAT users from 195 countries.  When users register to download the platform’s GMAT (Graduate Management Admissions Test) prep mobile application, they are required to choose up to 10 schools they are interested in applying to out of more than 1000 schools world wide. This data is compiled and listed the most mentioned schools.


READ Too: Best International Business Schools Rankings 2016

However, the survey results could be influenced by demographics of registered users. On a country-by-country breakdown, both U.S. and Chinese registrants picked U.S.-based schools for all of their top five, while Indian registrants chose three Indian schools alongside Harvard and Stanford to make up their top five.

Desirable, More Selective B School

The most desired schools also happen to be the most selective in granting admission. Harvard enrolled 10% of the total applicants just 934 students in its class of 2018. Stanford enrolled 417 students, or 5% of total applicants. Wharton’s 2018 class has 851 students and an admission rate of 13%.

Tuition for these schools ranges from $64,000 to $74,000 per year, leading to total annual costs of over $100,000 for each two-year program. Though the graduates earn median compensation of $180,000 to $208,000 in their first year out of school.

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 (Image Source: Flickr)

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