There are more than five hundred educational institutes in America providing business management programs. The rankings of the business schools of USA are done by independent agencies like Business Week and U.S. News.
One of the criteria for eligibility for finance schools in USA is sixteen years of undergraduate education. In America, this amounts to four years of further education after passing high school.
The three year undergraduate degree courses of India, Australia, New Zealand and other such countries are not recognized as a required qualification for MBA courses. They have to get a post graduate degree. A professional degree spanning four years would be required. A minimum two to three years work experience is given a preference by American business schools. A high score in GMAT exams is another requirement for most good business schools in America. TOEFL scores ranging between 550 to 600 are also required by most top business schools in the country.
The following are the application requirements of business schools in America:
- Standardized tests
- Academic record
- Letter of recommendation
- Details of work experience
- Interviews
- Statement of purpose / Essays
The inquiries should be sent by applicants fifteen to eighteen months before the stipulated date of admission. Application forms can be requested via email or they can also be downloaded from the websites of the universities. American business schools are either private or public institutions. For international students, the cost of studying at public business schools are lower than the cost of studying in private schools. Different universities have different tuition fees. Top B-schools in the U.S. Usually provide a job guarantee for the pass outs.
Some of the top finance schools in United States are as follows:
- Harvard Business School
- Stanford University
- The Wharton School of the University of Pennsylvania
- Kellogg School of Management Northwestern University
- MIT Sloan
- The Fuqua School of Business, Duke University
- Hass School of Business, University of California, Berkeley
- Columbia Business School
- University of Michigan Business School, Ann Arbor
- Chicago Graduate School of Business
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