INSEAD to Launch Specialized Test as Alternative to GMAT

Not long ago, an MBA degree was regarded by many people as a passport to a lucrative professional job in a field such as investment banking or strategy consulting. While many students still pursue these career paths, a growing portion of them are looking for purpose as well as profit in their jobs.  In fact, making a positive social or environmental impact has overtaken pay and other perks as the top reasons MBA students pursue their career, according to an often-cited survey by Bain & Company, which, ironically, is a consultancy firm.  Curriculum changes are underway as business schools respond to the corporate social responsibility (CSR) revolution. Schools have been criticized for their apparent role in the global financial crisis and for focusing too heavily on maximizing shareholder return. Today many top MBA programs include an impact-related module, such as impact investing or social entrepreneurship.  The career opportunities in this field have flourished. CSR was previously something many companies merely paid lip service to, but they are making “impact” a fundamental piece of their business plans. There are now 2,655 certified “B Corporations”, or firms that verify their high social and environmental performance, across 150 industries and 60 countries, including the ice cream maker Ben & Jerry’s and the social media company Hootsuite.  Picking the right program, however, is crucial. So we’ve ranked the best MBAs for social or environmental impact, below. 

Fancy attending a prestigious MBA program without paying a cent? It sounds too good to be true, but many elite business schools are awarding students full-ride scholarships — covering tuition and perhaps even living and travel costs too.

We’ve crunched the data, finding the best schools for those who scored a respectable 680 on the GMAT. If you’re around that score, then it makes sense to target schools with a similar average. That does not mean compromising on quality though.

In the past few years, a number of business schools in India have been garnering international attention, as well as accreditation from AMBA, EQUIS, or AACSB. Here’s a list of the best ones