If you are planning to do an MBA abroad and have your GMAT score ready, picking the right college can feel overwhelming. There are hundreds of business schools out there, but only a handful actually give you the kind of return on investment that makes the whole thing worth it.
I have put together a simple list of the top 50 global MBA colleges that accept GMAT scores, along with their fee structure and average CTC after placement. I have kept the numbers in Indian Rupees so it is easier for you to compare and plan your budget. The top global MBA colleges are Wharton, Harvard, MIT Sloan, Stanford, HEC Paris, London Business School, Cambridge, INSEAD, Kellogg, Columbia, IE Business School, etc. This blog helps you with the detailed list of top 50 global MBA colleges accepting GMAT scores and having top rankings with great competition.
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Why Does the GMAT Preferred for International MBA Program Admissions?
Although GRE and executive assessment results have been becoming increasingly popular among aspirants but GMAT remains the most popular test for MBA program admissions worldwide. Top schools such as Wharton, Harvard, Stanford and INSEAD remain very dependent on GMAT results when they make their selection. A good GMAT result (around 700+) will get you admission to virtually all of these universities.
50 Global MBA Colleges: Fee Structure & Average CTC
This section covers the list of 50 global MBA colleges such as Wharton, Harvard, MIT Sloan, Stanford, HEC Paris, London Business School, etc.
| Rank | Global MBA Colleges | Fee Structure | Average CTC |
| 1 | Wharton | Rs. 1.58 CR | Rs. 1.64 CR |
| 2 | Harvard | Rs. 1.35 CR | Rs. 1.56 CR |
| 3 | MIT Sloan | Rs. 1.49 CR | Rs. 1.57 CR |
| 4 | Stanford | Rs. 1.48 CR | Rs. 1.67 CR |
| 5 | HEC Paris | Rs. 95 L | Rs. 1.17 CR |
| 6 | London Business School | Rs. 1.26 CR | Rs. 1.22 CR |
| 7 | Cambridge | Rs. 94 L | Rs. 1.05 CR |
| 8 | INSEAD | Rs. 1.06 CR | Rs. 1.37 CR |
| 9 | Kellogg | Rs. 1.49 CR | Rs. 1.58 CR |
| 10 | Columbia | Rs. 1.56 CR | Rs. 1.64 CR |
| 11 | IE Business School | Rs. 82 L | Rs. 1.03 CR |
| 12 | Oxford (Said) | Rs 93 L | Rs. 1.15 CR |
| 13 | Yale | Rs. 1.46 CR | Rs. 1.52 CR |
| 14 | UC Berkeley | Rs. 1.39 CR | Rs. 1.63 CR |
| 15 | Chicago (Booth) | Rs. 1.48 CR | Rs. 1.68 CR |
| 16 | IESE Business School | Rs 88 L | Rs. 1.15 CR |
| 17 | NYU Stern | Rs. 1.49 CR | Rs. 1.66 CR |
| 18 | UCLA Anderson | Rs. 1.35 CR | Rs. 1.52 CR |
| 19 | Imperial | Rs. 79 L | Rs 93 L |
| 20 | SDA Bocconi | Rs. 73 L | Rs. 1.01 CR |
| 21 | ESADE | Rs. 80 L | Rs. 1.12 CR |
| 22 | Michigan (Ross) | Rs. 1.46 CR | Rs. 1.53 CR |
| 23 | NUS (Singapore) | Rs. 63 L | Rs. 1.10 CR |
| 24 | Duke (FUQUA) | Rs. 1.43 CR | Rs. 1.49 CR |
| 25 | IMD | Rs. 1.03 CR | Rs. 1.53 CR |
| 26 | ESCP Europe | Rs. 72 L | Rs. 1.03 CR |
| 27 | Copenhagen | Rs. 47 L | Rs. 95 L |
| 28 | Tsinghua | Rs. 52 L | Rs. 1.08 CR |
| 29 | ESSEC | Rs. 68 L | Rs. 1.08 CR |
| 30 | Warwick | Rs. 85 L | Rs. 1.12 CR |
| 31 | Melbourne | Rs. 63.5 L | Rs. 98 L |
| 32 | UNSW (AGSM) | Rs. 48.8 L | Rs. 1.02 CR |
| 33 | Cornell (Johnson) | Rs. 1.28 CR | Rs. 1.48 CR |
| 34 | Erasmus (RSM) | Rs. 69 L | Rs. 90 L |
| 35 | USC (Marshall) | Rs. 1.30 CR | Rs. 1.46 CR |
| 36 | Boston (Questrom) | Rs. 1.03 CR | Rs. 1.26 CR |
| 37 | Texas (McCombs) | Rs. 1.02 CR | Rs. 1.43 CR |
| 38 | Nanyang NTU Singapore | Rs. 54 L | Rs. 1.08 CR |
| 39 | Alliance Manchester | Rs. 72 L | Rs. 95 L |
| 40 | Frankfurt Finance & Management | Rs. 44 L | Rs. 86 L |
| 41 | CEIBS | Rs. 57.6 L | Rs. 60.5 L |
| 42 | Singapore Mgmt. University | Rs. 58 L | Rs. 87 L |
| 43 | EDHEC Business School | Rs. 55 L | Rs. 1.04 CR |
| 44 | Uni. of Sydney Business School | Rs. 50 L | Rs. 76 L |
| 45 | Indiana (Kelley) | Rs. 70 L | Rs. 1.15 CR |
| 46 | Carnegie Mellon (Tepper) | Rs. 1.36 CR | Rs. 1.33 CR |
| 47 | Mannheim | Rs. 39 L | Rs. 92 L |
| 48 | University of St Gallen | Rs. 76 L | Rs. 1.26 CR |
| 49 | EMLyon Business School | Rs. 49 L | Rs 88 L |
| 50 | HKUST | Rs. 79 L | Rs. 1.08 CR |
How To Choose The Right Global MBA College?
College selection is not based on the ranking or the cost of the fees alone. Here are a few factors that candidates should consider.
Firstly, think about the region or location where you want to work post MBA. If your dream is to work in the US, then it makes much more sense to get educated there due to the advantage of the alumni network and campus recruitments. In case Europe or Asia happens to be the region of your interest, then colleges such as INSEAD, LBS or NUS might be better choices.
Secondly, do your homework regarding the ratio between the fees and cost to completion ratio. Sometimes, a college with much lower fees and a decent cost to completion may be a better option than the other college with very high fees unless brand value holds much weight in your career path.
The third, and most important, part is the alumni network and connections you will build in the global B-schools.
Conclusion
The MBA is an expensive and important decision, so make sure you do not rush and give yourself enough time to select the right college. You can use this list as a basis and choose a few colleges which match your budget and career aspirations and conduct more thorough research on each of them.
If you have your GMAT score already, 90% of the colleges on the list will be accessible to you. Now it’s time to find the college that matches your profile, aspirations and budget. This list is quite helpful for the GMAT aspirants to target global B-schools.
