The need for individuals who excel at management, marketing, and other areas of the business world will always be part of our society. Therefore, there will always be interest in which business schools offer the best education and produce the best graduates. Companies compete on a daily basis for market share and their employees are considered their most valuable resource. Which schools should you look into if you want to compete in the marketplace for these positions within the corporate world?
According to Bloomberg Businessweek the best undergraduate school for business is the University of Notre Dame, Mendoza College of Business in Notre Dame, Indiana. In the 2009 – 2010 year only 29% of those who applied were accepted and of those 97% were of the top 25% of their high school class. On the full-time graduate level the top spot goes to the University of Chicago, Booth School of Business. In Booth 22% of the applicants were actually accepted into the college. Of these accepted the average age of the person entering the program was 28 years old. With the increase in interest in distance learning the Businessweek site also lists some of the online programs that are available to students.
The level of education that you achieve can make a difference in how much money you can earn. An article by BusinessSchoolEdge.com compares the differences between associates, bachelor, masters and doctorate degrees. For example with an associates degree an average for an office manager is $37,380. On the other hand, for an individual who has an MBA there is the possibility of a salary in the medical field on average of $111,477. Therefore, you should do your research into the various schools to determine how far you want to go and which university will provide the best education. Just getting an MBA will not guarantee a six-figure salary; therefore, take the time plan your education and goals after college properly.