Top 20 Universities for Business & Management: QS Rankings, Tuition Fees and More

Kasturika Samanta

8 min read

Updated On Sep 02, 2024

This blog explores the top 20 universities for Business & Management Studies, detailing tuition fees, specializations like Finance and Marketing, and career paths with expected salaries, helping students plan their academic and professional future.

Top 20 Universities for Business & Management Studies as per QS World University Rankings with Tuition Fees
Key Specializations in Business & Management Studies
Career Opportunities After Business and Management Studies

Limited-Time Offer : Access a FREE 10-Day IELTS Study Plan!

In today's global economy, business and management education is crucial for shaping future leaders and innovators. This blog explores the top 20 universities recognized for excellence in Business & Management Studies as per QS World University Rankings 2024. We will delve into specialized programs, highlight career opportunities, and provide insights into tuition fees, preparing graduates for success in the competitive business landscape.

Top 20 Universities for Business & Management Studies as per QS World University Rankings with Tuition Fees

Here are the top 20 universities for Business & Management Studies as per QS World University Rankings 2024, showcasing estimated tuition fees for international students to help you plan your academic journey effectively:

University	QS World University Ranking	Estimates Tuition Fees per year (USD)
Harvard University	1	56,750
INSEAD	2	97,000 (total for the MBA program)
London Business School	3	101,000 (total for MBA program)
Stanford University	4	74,706
Massachusetts Institute of Technology (MIT)	5	77,168
University of Oxford	6	69,000 (total for MBA program)
University of Pennsylvania	7	84,874
University of Cambridge	8	67,000 (total for MBA program)
Bocconi University	9	15,500 - 25,400
National University of Singapore (NUS)	10	48,000
HEC Paris Business School	11	86,000 (total for MBA program)
The London School of Economics and Political Science (LSE)	12	31,000 - 41,000
University of California, Berkeley (UCB)	13	65,360
Nanyang Technological University, Singapore (NTU Singapore)	14	41,000
New York University (NYU)	15	76,780
University of Chicago	16	77,841
Northwestern University	17	76,368
Copenhagen Business School	18	21,000 - 36,000
Erasmus University Rotterdam	19	20,300 - 56,000
Columbia University	20	80,472

Want to achieve language proficiency for admission to top Business and Management programs?

Join our expert-led IELTS classes now!

Key Specializations in Business & Management Studies

Here are some specializations that equip students with essential skills for success in diverse business environments. From finance and marketing to entrepreneurship, international business, and HRM, each prepares individuals to lead and innovate in the global economy.

Key Specializations in Business & Management Studies

Finance

Finance specialization focuses on financial management, investment strategies, and risk assessment. It prepares students for careers in banking, corporate finance, and financial consulting.

QS Rank	Name of University	Requirements
1	Harvard University	4-year regionally accredited US bachelor’s degree or its foreign equivalent. IELTS exam - 7/TOEFL iBT - 100/PTE - 70/Duolingo - 125
3	London Business School	A transcript of grades from each university previously attended, plus a translation if the original is not in English. 2 Application Essays IELTS - 7.5/TOEFL iBT -100 One-page CV Name and details of referee GMAT/GMAT Focus/GRE score Completed application form
11	HEC Paris Business School	A Bachelor or Master's degree from an international institution GMAT/or GRE/TageMage official score report TOEFL: 90/IELTS: 6/ Duolingo English Test:135 Résumé 2 completed online reference forms prior training (at least introductory level) in financial accounting, corporate finance, investments, derivatives, business statistics and calculus Passport-style photo

Marketing

Marketing specialization delves into consumer behavior, market research, branding, and digital marketing strategies. It equips students with skills to create effective marketing campaigns and build strong brand identities in competitive markets.

QS Rank	Name of University	Requirements
4	Stanford University	A four-year bachelor’s degree or the two-year master’s degree following the three-year bachelor’s degree from India is required. TOEFL iBT - 100 Professional experience. Letters of recommendation
12	London School of Economics and Political Science (LSE)	An undergraduate degree from an awarding institution acceptable to the University of London Demonstrate competence in Mathematics at least equivalent to UK GCSE/GCE O level at Grade C or above IELTS - overall score of 7.0 (6.0 in speaking and writing and 6.5 in listening and reading)/TOEFL - overall score of 107(23 in reading and listening, 22 in writing and 20 in speaking)

Entrepreneurship

Entrepreneurship specialization fosters innovation, startup creation, and business management skills. It prepares students to launch new ventures, manage entrepreneurial projects, and navigate the challenges of building successful businesses.

QS Rank	Name of University	Requirements
2	INSEAD	Transcripts of both diploma and grades achieved from previous college or university Job Description Questions/Motivational Essays GMAT - 708 & GRE - Verbal - 80,Quantitative - 80 and Data Insights - 77 TOEFL IBT: 105/TOEFL CBT: 260/ IELTS Academic: 7.5/PTE Academic: 72 Two Letters of Recommendation CV
11	HEC Paris Business School	A Bachelor or Master's degree from an international institution GMAT/or GRE/TageMage official score report TOEFL: 90/IELTS: 6/ Duolingo English Test:135 Résumé 2 completed online reference forms prior training (at least introductory level) in financial accounting, corporate finance, investments, derivatives, business statistics and calculus Passport-style photo

International Business

International Business specialization focuses on global market dynamics, cross-cultural management, and international trade strategies. It prepares students for roles in multinational corporations and global consulting firms.

QS Rank	Name of University	Requirements
8	University of Cambridge	A bachelor’s degree (equivalent to a high 2:1 on the UK scale) and have excelled academically GMAT - 680-690 or GRE - verbal is 78%, quant is 71% TOEFL iBT: 110/IELTS: 7.5 2+ years of work experience and strong evidence of career progression Letters of Recommendation Statement of Purpose
10	National University of Singapore (NUS)	A good undergraduate degree in any discipline TOEFL iBT - 100/ IELTS -7.0 Interview GMAT - 700/the GMAT equivalent in GRE is expected.

Check out - Study MBA in Canada: Top Universities, Tuition Fees, Visa Requirements

Human Resource Management (HRM)

HRM specialization emphasizes recruitment, employee development, labor relations, and organizational behavior. It equips students with skills to manage human capital effectively and drive organizational success through strategic HR practices.

QS Rank	Name of University	Requirements
13	University of California, Berkeley (UCB)	School Completion certificate and a certificate of completion, which allows admission to a university in the country of graduation. 2-year A-level program with a minimum of three academic exams, the IB diploma program, or another similar academic curriculum TOEFL -100/IELTS -6.5/ DuoLingo - 115 GPA-3.66 & GMAT - 715 2 Letters of Recommendation Statement of Purpose
17	Northwestern University (Kellogg)	A college-level education equivalent to a four-year U.S. baccalaureate degree A degree from certain international three-year undergraduate programs (e.g., institutions in India, United Kingdom) may be acceptable TOEFL iBT - 250/IELTS - 7 1 statement of purpose 2 letters of recommendation

Operations Management

Operations Management specialization focuses on supply chain management, logistics, quality control, and process optimization. It prepares students to enhance operational efficiency and improve productivity.

QS Rank	Name of University	Requirements
19	Erasmus University Rotterdam	Motivation Letter Standard X diploma plus Standard XII diploma with at least 5 independent general/academic subjects OMPT-A Opens - minimum score of 70% (if Maths requirement are not fulfilled) TOEFL-iBT - 100/IELTS - 7 SAT - 1170 & ACT - 27
20	Columbia University	Bachelor's degree received from an institution of acceptable standing Transcripts from every post-secondary institution attended TOEFL-iBT - 100/IELTS - 7/Duolingo- 120 Three recommendation letters Personal statement Resumé or Curriculum Vitae Publications (optional) An interview may be requested GMAT - 729 or equivalent GRE score

Strategic Management

Strategic Management specialization involves formulating and implementing business strategies to achieve competitive advantage. It covers strategic planning, corporate governance, and business policy formulation.

QS Rank	Name of University	Requirements
6	University of Oxford	A First or Upper Second class undergraduate degree or GPA of at least 3.5 / 4.0 (or the international equivalent) GMAT - 650 or above, GRE Verbal score - 160 & Quantitative - 160 Minimum of 2 years of work experience TOEFL iBT - 110/ IELTS - 7.5
14	Nanyang Technological University, Singapore (NTU)	Bachelor’s Degree Minimum of 2 years of work experience Competitive GMAT/GMAT Focus or GRE score TOEFL iBT - 100/ IELTS - 6.5, if English was not the medium of instruction used at the undergraduate level

Digital Transformation and Innovation

Digital Transformation specialization explores technology integration, digital marketing, fintech innovations, and data analytics. It prepares students to lead digital initiatives and harness technology for business growth.

QS Rank	Name of University	Requirements
3	London Business School	A transcript of grades from each university previously attended, plus a translation if the original is not in English. 2 Application Essays IELTS - 7.5/TOEFL iBT -100 One-page CV Name and details of referee GMAT/GMAT Focus/GRE score Completed application form
5	Massachusetts Institute of Technology (MIT)	A four-year undergraduate degree or three-year equivalent undergraduate degree from outside of the U.S GMAT - 730 and GRE - Quant: 157 – 168 & Verbal: 155 – 167 IELTS - 7.5/TOEFL -90 Transcript(s) from all colleges and universities attended Cover Letter, Resume 2 Video questions 1 Letter of Recommendation Interview

Sustainability and Corporate Social Responsibility (CSR)

Sustainability and CSR specialization addresses ethical business practices, environmental sustainability, and social impact strategies. It equips students with skills to integrate sustainability into business strategies.

QS Rank	Name of University	Requirements
12	London School of Economics and Political Science (LSE)	An undergraduate degree from an awarding institution acceptable to the University of London Demonstrate competence in Mathematics at least equivalent to UK GCSE/GCE O level at Grade C or above IELTS - overall score of 7.0 (6.0 in speaking and writing and 6.5 in listening and reading)/TOEFL - overall score of 107(23 in reading and listening, 22 in writing and 20 in speaking)
13	University of California, Berkeley (UCB)	School Completion certificate and a certificate of completion, which allows admission to a university in the country of graduation. 2-year A-level program with a minimum of three academic exams, the IB diploma program, or another similar academic curriculum TOEFL -100/IELTS -6.5/ DuoLingo - 115 GPA-3.66 & GMAT - 715 2 Letters of Recommendation Statement of Purpose

Luxury Brand Management

Luxury Brand Management specialization focuses on managing high-end brands, luxury consumer behavior, and luxury market dynamics.

QS Rank	Name of University	Requirements
9	Bocconi University	Official degree certificate from the college or university attended along with a transcript of grades for individual exams 2-3 years of professional experience TOEFL: 88/IELTS: 7 GMAT - 650 or GRE - 158/160 Detailed CV 2 Letters of reference Interview
11	HEC Paris Business School	A Bachelor or Master's degree from an international institution GMAT/or GRE/TageMage official score report TOEFL: 90/IELTS: 6/ Duolingo English Test:135 Résumé 2 completed online reference forms prior training (at least introductory level) in financial accounting, corporate finance, investments, derivatives, business statistics and calculus Passport-style photo

Check out - Best MBA Courses to Study Abroad

Career Opportunities After Business and Management Studies

Here are the diverse career opportunities available to Business & Management Studies graduates, including insights into expected salary ranges for various roles in this field.

Career Path	Expected Salary Range	Key Skills Required
Financial Analyst	$50,00 - $100,000	Financial modeling, Data analysis Forecasting
Marketing Manager	$60,000 - $120,000	Market research Digital Marketing Strategy
Entrepreneur	Variable, potentially high	Innovation Risk management Business acumen
International Business Consultant	$70,000 - $150,000	Cross-cultural Communication Strategy Negotiation
HR Manager	$60,000 - $110,000	Employee relations Recruitment HR Strategy
Operations Director	$80,000 - $150,000	Supply chain management Process optimization
Strategy Consultant	$80,000 - $160,000	Strategic planning Business analysis Consulting
Digital Transformation Manager	$70,000 - $140,000	Technology integration Digital strategy Project management
Sustainability Manager	$60,000 - $120,000	Environmental stewardship CSR strategy, Sustainability reporting
Luxury Brand Manager	$70,000 - $130,000	Brand management Luxury market knowledge Consumer behavior

We hope this guide on Top 20 Universities for Business & Management Studies as per QS World University Rankings 2024 was informative for your educational journey. Check our additional resources for more insights and information about other fields and IELTS preparation content.