Top 10 Schools For Business Study

Attending one of the best schools for business is a good choice for anyone who seeks to be well placed in the field of business.

Every firm, company, or brand you could think of requires those with business acumen to help them make good money.

In this article, you will see the best schools for business study, their ranks, and what they have to offer you.

But first…

Is it worth going to business school?

Yes, it is worth going to a business school. You may advance your job more by attending business school, whether it’s through wage increases or promotions. 

For instance, the typical income listed for positions in business, management, and financial operations in 2019 is $73.1K for bachelor’s degrees and $100K for MBAs.

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How many years is a business school?

To earn a business degree, you would need at least two to six years. The length of time it would take you to gain a business degree is dependent on the type of degree you are pursuing.

Is business school easy?

Yes, a business school is not quite difficult. But the difficulty can be termed relative to various people.

But it is good to note that the classes offered in business schools are simple, easy, and straight to the point.

What is a business degree called?

A business degree is called a Bachelor of business administration (BBA) or a Bachelor of science in business administration (BSBA).

A BBA teaches you how businesses operate and develop good skills in communication and decision-making. 

With a BBA you can work in fields such as accounting, contract management, finance, human resource management, marketing, retail management, and more.

While a BSBA helps you acquire financial and technical skills. And helps you understand the science of business.

Which school is best to study business?

The best schools to study business are:

1. University of Pennsylvania

This school is located in Philadelphia, PA. It ranks first among the best schools for business. 

The schools are highly competitive, and they boast of their business education and liberal art teaching.

2. Massachusetts Institute of Technology

This school is located in Cambridge, MA. It ranks second among the best schools for business. 

This school is also highly competitive, with an acceptance rate of 8%. The school is advanced in the practice of management too.

3. University of California 

This school is located on Urban Campus in Berkeley, California. It ranks third among the best schools for business. 

It specializes in courses such as micro- and macroeconomics, managerial and financial accounting, finance, spreadsheet decision-making, organizational behavior, marketing, and ethics, as well as elective courses in these and other fields.

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4. University of Michigan 

This school is located in Ann Arbor, Michigan. It ranks fourth among the best schools for business. 

This school awards students with Bachelor’s in Business Administration (BBA). It also places a focus on leadership and entrepreneurship skills.

5. New York University

This school is located in New York, USA. It also ranks fifth among the best schools for business. 

Being in a state where the largest business markets are, this school stands out too. It places more priority on the practical aspect of the business than theory.

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6. University of Southern Indiana

If you seek a business school that incorporates technology into every aspect of business, then you should check this school out.

The school has a large number of doctoral fellows lecturing, and it allows students to earn an MBA in the space of one year.

7. American University – International Accelerator

This school is located in Washington, DC. It also ranks seventh among the best schools for business. 

Since the creation of this school in 1955, it has made use of a hands-on approach to teaching its students. 

This technique helps its students perform better outside of the school environment. 

8. Felician University

This school is located in New Jersey, USA. It also ranks eighth among the best schools for business. 

The programs offered in this school are designed to develop students who will be good in leadership and entrepreneurial culture.

9. University of Texas – Austin

This school is located in Austin, Texas. It offers a four-year study and ranks highly among the schools for business study.

To be admitted into this school, you will need an SAT score in the range of 1210-1470. And it has an acceptance rate of 32%.

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10. Northeastern University

This school is located in Boston, Massachusetts. As one of the best schools for business studies, it has an acceptance rate of 20%.

Furthermore, to be admitted into this school, you will need an SAT in the range of 1410-1540.

Why do people choose business?

The reason why people choose a business is that it does not limit them to various industries. Simply put, every discipline and activity has a business side. 

Consequentially, this means more employment opportunities for those in business. Furthermore, the world of business gives some freedom.

For example, as a well-versed business student, you can take a physical business, and transform it into a digital business.

With a digital business, you can work from home, even when you are old. And this also gives you the ability to retire on time from any business.

What course can I do with business studies?

The courses that you can do with business studies are 

• Accounting
• Business administration
• Business analysis
• Business computing
• Business ethics
• Business statistics.
• Commercial law
• Developing markets
• Economic principles
• Finance
• Human resources
• International studies
• Management
• Marketing
• Operations management
• Research and technology 

What is the hardest business school to get into?

The hardest business school to get into is Stanford University, California. Other schools for business that are hard to get into include:

• Harvard University (Massachusetts)

• Columbia University (New York)

• Pennsylvania State University—University Park (Smeal), etc. 

Is a 2-year business degree worth it?

Yes, a two-year business degree is worth it. In the field of business, it does not matter the years you take, but what matters is what you can make of it.

What is the highest salary in business?

The highest salary in business is a finance director, accounting director, corporate controller, portfolio manager, etc.

These positions are regarded as the ones with the highest salary because they can fit into any type of business.

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Is business studies a hard subject?

No, business studies is not a hard subject. But this is all dependent on you. And business studies is a course taught in high schools.

So if you intend to succeed while studying business, then you should take your business studies very seriously.

Do you need maths to study business management?

Yes, you would need maths to study business studies. For example, a course such as managerial accounting would require mathematics.

Math would help you to analyze money spent and the profits made, how to make budgets, how to present data with a bar or pie chart, etc. 

Then with all this information at your disposal, you can then make good decisions on payroll, layoffs, etc. And this in addition helps you to secure the future of your business.

What does an MBA do?

A Master of business administration (MBA) gives you the flexibility of partaking in jobs that require investment management.

The job can be in the healthcare sector, real estate, engineering firms, etc. Hence, an NBA can be termed as the icing on the cake.

How difficult is it to get MBA?

It is quite difficult to get an MBA as against an undergraduate degree in business. And this is because most MBA programs require one to have at least 2 to 4 years of experience.

Furthermore, some top business schools may even demand 7 years of work experience. 

Which MBA has the highest salary?

The MBA that has the highest salary is 

• Business Analytics.
• Information Technology.
• Finance.
• Marketing.
• Economics.
• Entrepreneurship.
• Data Analytics.
• International Business.

Can I get an MBA without a degree?

Yes, you can get an MBA without a business degree. Most schools offer an MBA admission to students who are not in a business discipline but show the resilience to be tutored for MBA.

All the school usually needs from you is a show of your motivation, professionalism, and experience. 

While a business school would take you through the theory route of business, an MBA school would help you focus more on practicals.

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Which job is best after MBA?

The job that is best after MBA is Business operations manager. Other interesting jobs that are best after an MBA include:

• Business operations manager.
• Financial manager.
• Human resources manager.
• Information technology, or IT, manager.
• Management consultant.
• Marketing manager.
• Medical and health services manager.

How long is an MBA degree?

For a full-time study, an MBA can take 1 to 2 years. Also, it has the option of part-time and online studies.

Is an MBA math heavy?

No, MBA math is not heavy. And this is because, it basically involves high school arithmetic such as statistics, algebra, probability, etc. 

Furthermore, it occasionally involves linear programming and calculus for those who specialize in the major parts of business studies.

Is MBA very expensive?

Yes, an MBA is very expensive. And this is because it focuses more on practicals than theories. Furthermore, this two-year program is capable of changing one’s life for good.

What are the advantages and disadvantages of an MBA?

The advantage of an MBA is that it opens you to better job opportunities, increased salary schemes, specialization in any management field, and personal/entrepreneurial skill development.

While the disadvantages of an MBA are that it is quite expensive, and requires your time and dedication, it may not be able to cover the practical part of your line of interest.

Do you need MBA to be a CEO?

To be a chief executive officer, you may not need an MBA. But in times of fierce competition, an MBA may just be used to distinguish people.

It is also worth noting that though an MBA may get you to the position, it is solely your ability to practicalize business that would keep you in the CEO position. 

What to major in if you want to start a business?

If you want to start a business, then you should major in Business Administration. This gives you good theories that you can then practicalize on a business, to produce results.

Which is harder economics or business?

Economics is harder than business. And this is because of the complex subjects that it covers. In summary, a business study is a subset of economics.

Conclusion

And there you have it, the best schools for business, and other valuable insights that you need. Do well to go over the article again, to understand it better.

Furthermore, you can share it with friends and loved ones, so that they too can benefit from this article.

Frequently asked questions about schools for business study

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