Methodology

Fortune attempted to contact hundreds of schools for its flagship full-time MBA ranking. Close to 100 chose to participate in our list, and about a quarter of programs have concentrations or specializations in international business. Other related names include global business and global management. The schools were ranked using the same calculation as our main best MBA ranking, and were weighted as follows:

• Fortune 1000: 20%
• Previous Fortune MBA ranking: 2%
• Median base salary: 25%
• Employment placement rate: 15%
• Graduation rate, 2020–23: 10%
• Median GMAT score, fall 2023 entrants: 7%
• Total tuition, out-of-state U.S. residents: 5%
• Retention rate, 2022–23: 5%
• Acceptance rate, fall 2023: 5%
• Yield, 2023–24: 3%
• Average undergraduate GPA, 2023–24 enrollees: 3%

Learn more: Read Fortune’s MBA methodology.

MBA career paths

What is an MBA in international business?

A master’s in business administration, an MBA, is a graduate education degree that focuses on teaching the foundations of business leadership. Those in full-time programs typically take a one to two-year break from work—and then use their new skills to land high-paying jobs or start their own business. Those studying international business generally want to obtain a global perspective, which they can apply to their career.

General curriculum and skills taught

No matter the format or university, MBA programs focus on core areas of business like finance, leadership, and marketing. These courses may take up one’s first year of any MBA program, then the door is open to other electives. Students focusing on international business may then take courses on topics like emerging financial markets, global central banking, or capital markets.

Specializations and concentrations

Students seeking an MBA with a focus on international business may search to specialize, concentrate, focus, or obtain a certificate in: 

• International business
• Global business
• Global management
• Global strategy
• Global leadership
• Global supply chain management

Admissions information

Admissions requirements may vary from one business school to another, but generally include: 

• Bachelor’s degree: a transcript must be provided from an accredited college or university
• Work experience: shown via a résumé
• Essay responses: answer questions and/or provide a personal statement
• Letters of recommendation: from supervisors, previous professors, or someone who just knows you well in a professional capacity
• Interview: some applicants may be asked to interview with an admissions officer
• Test scores: GMAT, GRE, or other scores are not required for some schools, but they are at many top institutions and can overall be used to boost applications

GMAT, GRE, and GPA

Business schools tend to accept both GMAT and GRE scores for admission into their MBA programs. Neither test is normally preferred over the other since both judge one’s quantitative and verbal reasoning skills. 

MBA programs do not typically have GPA requirements to apply, but a proven track record of academic success as an undergraduate can only be helpful. GPA can also boost those with less than greater standardized test scores.

Which factors drive acceptance?

The MBA admissions process is holistic, meaning universities look at all parts of one’s application. For those looking to study international business, connecting your career plans with an MBA program’s coursework and structure can help you stand out in the admissions process.

How to choose the best MBA in international business for you: Factors to consider beyond rankings

When selecting an MBA program, it's important to look beyond rankings and consider multiple factors that align with your career goals and personal circumstances. While rankings provide valuable insights, they shouldn't be the determining factor. Key considerations include: 

• Program cost Institutional prestige
• Alumni network strength
• Concentration options (especially for career transitions)
• Program duration and start dates

These factors can significantly impact your MBA experience and post-graduation opportunities, so it's crucial to weigh them carefully against your individual needs and aspirations.

Accreditation

Accreditation is a vital indicator of a business school's quality, ensuring rigorous curriculum standards, expert faculty, and advanced research capabilities. The Association to Advance Collegiate Schools of Business (AACSB) accreditation is particularly prestigious, with only 6% of business schools worldwide achieving this status. Notably, 96% of AACSB-accredited school alumni secure employment, highlighting the value of this certification in the job market.

Start times, schedule, and program length

Many institutions offer flexible options to accommodate diverse student needs: 

• Rolling admissions
• Multiple start dates throughout the year
• Accelerated programs (completion in as little as one year)

This flexibility is especially appealing to professionals seeking career advancement or transition without disrupting their current work commitments.

Coursework, locations, and connections

When considering an MBA concentration, it's crucial to examine the specific coursework offered by each program. Key questions to consider include: 

• How many international business courses are available?
• Who are the professors?
• Do courses run every semester?
• How many international business electives can you take?
• Will the curriculum help you achieve your career goals? 

Some business schools may have stronger connections in certain areas due to their location or partnerships. For example, NYU (Stern) offers a one-year immersive MBA experience in Abu Dhabi, United Arab Emirates, facilitating a steady flow of students and faculty between the two locations.

Study abroad opportunities

Experiencing international business firsthand through study abroad programs can be invaluable. Many MBA programs offer opportunities to spend time at partner institutions abroad, ranging from a few weeks to several months. If you have a specific region of focus, research the available opportunities and the strength of schools' relationships in those areas.

Prestige

For students targeting specific job markets, local reputation may carry more significance, while those with broader career goals might prioritize national or global prestige. In many industries, recruiters tend to favor programs renowned for particular specializations or those with a history of producing successful alumni in their field.

Concentrations

The absence of a formal concentration doesn't necessarily mean relevant coursework is unavailable. It's important to note that programs may use different terminology and offer varying levels of specialization within a particular area of study.

Cost

The cost of full-time MBA programs can vary dramatically. For instance, annual tuition at the University of Chicago (Booth) exceeds $85,000, while at Missouri State, it's just over $13,500. Although scholarships and employer reimbursement can help offset expenses, many students rely on self-funding or loans. Graduate students can access federal loans up to $20,500 annually, though these typically come with higher interest rates. Cost considerations become particularly crucial when evaluating programs of similar quality.

Network and access to alumni

An MBA's value extends beyond classroom education to encompass the professional connections formed during the program. A strong, engaged alumni network can offer significant career advancement opportunities. Prospective students should assess not only the size of the alumni community but also its level of engagement and the school's efforts to foster meaningful connections among graduates.

Internship facilitation

In the business world, practical experience is essential, and internships offer valuable opportunities to apply academic knowledge and build professional networks. While no program guarantees internship placement, the quality and extent of career services provided can significantly influence a student's ability to secure desirable positions. Moreover, research international internship opportunities, as it can be one of the best way to learn real-world skills.

Careers for MBA in healthcare graduates

An MBA degree typically opens doors to expanded job opportunities and higher salaries. According to the Graduate Management Admission Council, new MBA graduates can expect a median projected salary of $120,000, approximately 60% higher than bachelor's degree holders. MBA graduates pursue diverse career paths across industries such as technology, finance, consulting, and entrepreneurship. Common roles include product managers, brand managers, consultants, financial analysts, and various c-suite positions.

Financing and scholarships

Funding an MBA education often involves a combination of self-funding, employer reimbursement, loans, and scholarships. Many business schools offer merit-based or need-based scholarships to qualified applicants. Some employers provide partial or full tuition reimbursement, often with a commitment to post-graduation employment. Military veterans may be eligible for education benefits through the Post-9/11 GI Bill and Yellow Ribbon Program, which can potentially cover all tuition and fees.

Frequently asked questions

What is the best MBA for international business?

The University of Chicago (Booth) is home to the best MBA program for those looking to concentrate in international business. The school self-describes itself as being the first business school to have campuses on three continents. Booth teaches students a mix of micro- and macro-economics in order to grasp the complex nature of the global economy and the role of governments and institutions.

What is the easiest top MBA program to get into for international business?

Howard University is the easiest to get into, with an acceptance rate of 67%—among the top 10 MBA programs for international business. It is followed by Brigham Young University (Marriott) and the University of Washington (Foster), with acceptance rates of 57% and 42%, respectively.

Can you study international business at Harvard Business School?

Yes, Harvard Business School has several international business courses, including classes like Managing International Trade and Investment, Globalization and Emerging Markets, and Business and Geopolitics. The school, however, does not have explicit concentrations or specializations.

Is an MBA in international business worth it?

If you are interested in the intersection of international studies, economics, and business, then yes, an MBA in international business can be certainly worth it. The world is becoming more interconnected, so the need for business leaders to understand complex geopolitics and international trade is important.