Top MBA Programs that Offer Best Return on Investment for Graduates

 

According to a 2018 poll by the Graduate Management Admission Council, 93 percent of alumni of two-year, full-time MBA programmes said their degree was professionally fulfilling, and 83 percent said their degree was financially helpful. Examining a school’s salary-to-debt ratio is one technique to assess income potential. The average income and signing bonus of recent graduates are divided by the average student debt of those who borrowed to arrive at this rate of return. Here are the top 27 business schools for full-time MBA graduates who earned more than $100,000 on average within three months after graduation.

 

Rice University (Jones) (TX)

Rice University (Jones) (TX)

Rice University‘s Jesse H. Jones Graduate School of Business is a business school in Houston, Texas. The school was founded in 1974 with a large grant from the Houston Endowment Inc., a philanthropic foundation founded by Jones and his wife, Mary Gibbs Jones. It is named after Jesse Holman Jones, a Houston corporate and civic leader. Master of Business Administration (MBA), Master of Accounting (MAcc), and Doctor of Philosophy (PhD) degrees are available at the schools. In addition, the school offers various dual degree programmes with Baylor College of Medicine, Rice’s George R. Brown School of Engineering, and Rice’s Wiess School of Natural Sciences, including the MD/MBA, MBA/ME, and MBA/MS. The school also offers a business minor for undergraduates, as well as executive education and credentials.

U.S. News business school rank: 25
Average salary and signing bonus within three months of graduating (2020): $148,422
Average debt (2020): $92,091
Salary-to-debt ratio: 1.6-to-1

 

University of North Carolina, Chapel Hill (Kenan-Flagler)

University of North Carolina—Chapel Hill (Kenan-Flagler)

The UNC Kenan–Flagler Business School is an internationally acknowledged professional undergraduate and graduate level global business school at the University of North Carolina at Chapel Hill. Founded in 1919, the school was renamed in 1991 to honour the two American industrialist families.

A Bachelor of Science in Business Administration, a Master of Business Administration (MBA), an MBA for Executives, a Master of Accounting, a Ph.D., a business certificate degree, and other executive education programmes are available at the institution. The Association to Advance Collegiate Schools of Business has granted it accreditation.

U.S. News business school rank: 20
Average salary and signing bonus within three months of graduating (2020): $151,873
Average debt (2020): $94,434
Salary-to-debt ratio: 1.6-to-1

 

University of Texas, Austin (McCombs)

University of Texas, Austin (McCombs)

The University of Texas at Austin’s McCombs School of Business is a business school (U.S.). In addition to its main campus in downtown Austin, McCombs also has locations in Dallas, Houston, and Mexico City where students can take classes. The McCombs School of Business enrols an average of 13,000 students per year in undergraduate, master’s, and doctoral programmes, adding to its 98,648 alumni from a variety of business sectors. McCombs also has 14 collaborative research centres, an international business proposal competition called Venture Labs Investment Competition, and executive education programmes in addition to standard classroom degree programmes.

U.S. News business school rank: 18 (tie)
Average salary and signing bonus within three months of graduating (2020): $154,211
Average debt (2020): $95,260
Salary-to-debt ratio: 1.6-to-1

 

University of California, Berkeley (Haas)

University of California, Berkeley (Haas)

The University of California, Berkeley‘s Haas School of Business (Berkeley Haas) is a business school. It is ranked among the finest business schools in the world by The Economist, Financial Times, QS World University Rankings, U.S. News & World Report, and Bloomberg Businessweek. It was the first of its kind to be formed at a public university in the United States.

U.S. News business school rank: 7 (tie)
Average salary and signing bonus within three months of graduating (2020): $162,409
Average debt (2020): $93,602
Salary-to-debt ratio: 1.7-to-1

 

University of San Diego

University of San Diego

In San Diego, California, the University of San Diego (USD) is a private Roman Catholic research university. The academic institutions united from the California school system into University of San Diego in 1972, after being founded in July 1949 as the San Diego College for Women and San Diego University. The Shiley-Marcos School of Engineering, Joan B. Kroc School of Peace Studies, and School of Law are among the university’s nine undergraduate and graduate schools. USD offers 89 undergraduate and graduate programmes, with 9,073 students enrolled in undergraduate, paralegal, graduate, and law degrees.

U.S. News business school rank: 92 (tie)
Average salary and signing bonus within three months of graduating (2020): $102,483
Average debt (2020): $59,156
Salary-to-debt ratio: 1.7-to-1

 

Emory University (Goizueta) (GA)

Emory University (Goizueta) (GA)

The Goizueta Business School at Emory University is a private business school based in Atlanta, Georgia, United States. It is named after former Coca-Cola Company Chairman and CEO Roberto C. Goizueta.

U.S. News business school rank: 26 (tie)
Average salary and signing bonus within three months of graduating (2020): $151,922
Average debt (2020): $86,776
Salary-to-debt ratio: 1.8-to-1

 

Michigan State University (Broad)

Michigan State University (Broad)

The Eli Broad College of Business is Michigan State University‘s business school. Accounting, finance, general management, human resource management, marketing, supply chain management, and hotel business are all offered by the college, which is a separate, industry-specific institution within the Broad College (The School of Hospitality Business). There are 800 admitted undergraduate students and 36 graduate students not included in the college’s totals at this separate, industry-specific institution.

U.S. News business school rank: 39 (tie)
Average salary and signing bonus within three months of graduating (2020): $128,615
Average debt (2020): $69,910
Salary-to-debt ratio: 1.8-to-1

 

University of Virginia (Darden)

University of Virginia (Darden)

The University of Virginia‘s Darden School of Business is a graduate business school in Charlottesville, Virginia. MBA, Ph.D., and Executive Education programmes are available at the Darden School. Colgate Whitehead Darden Jr., a former Democratic congressman, governor of Virginia, and former president of the University of Virginia, created the school in 1955. Darden is located on the Charlottesville campus of the University of Virginia. The School is well-known for being one of the first business institutions to teach exclusively through case studies. Scott C. Beardsley, a former McKinsey & Company executive, is the school’s Dean.

U.S. News business school rank: 13 (tie)
Average salary and signing bonus within three months of graduating (2020): $169,190
Average debt (2020): $95,976
Salary-to-debt ratio: 1.8-to-1

 

Harvard University (MA)

Harvard University (MA)

Harvard University, located in Cambridge, Massachusetts, is a private Ivy League research university. Harvard University is the oldest and most prominent school of higher learning in the United States, having been founded in 1636 and named for its first patron, priest John Harvard.

U.S. News business school rank: 5 (tie)
Average salary and signing bonus within three months of graduating (2020): $171,785
Average debt (2020): $90,726
Salary-to-debt ratio: 1.9-to-1

 

Temple University (Fox) (PA)

Temple University (Fox) (PA)

Temple University’s business school is the Richard J. Fox School of Business and Management. The Fox School of Business, based in Philadelphia, offers a variety of MBA programmes (full-time, part-time, international, executive, and online MBAs), as well as other master’s degrees and Ph.D. programmes in accounting, finance, marketing, international business, entrepreneurship, management of information systems, risk management, and insurance. The school has approximately 6,500 students, 155 full-time faculty, and over 42,000 graduates, with approximately two-thirds of them living and working in the Philadelphia metropolitan area. It is the largest business school in the Philadelphia area, as well as one of the world’s largest.

U.S. News business school rank: 84 (tie)
Average salary and signing bonus within three months of graduating (2020): $102,314
Average debt (2020): $54,556
Salary-to-debt ratio: 1.9-to-1

University of Notre Dame (Mendoza) (IN)

University of Notre Dame (Mendoza) (IN)

The Mendoza College of Business at the University of Notre Dame, a private university in Notre Dame, Indiana, is a business school. It was established in 1921 and offers both undergraduate and graduate programmes. For graduate and MBA programmes, it is listed among the top 30 business schools in the United States. It also provides an executive MBA, master’s in finance, and master’s in business analytics in Chicago, in addition to its main campus. Following a contribution from Tom Mendoza, the school was renamed in 2000.

U.S. News business school rank: 36 (tie)
Average salary and signing bonus within three months of graduating (2020): $131,104
Average debt (2020): $68,161
Salary-to-debt ratio: 1.9-to-1

 

Howard University (DC)

Howard University (DC)

Howard University is a historically black research university in Washington, D.C. that is privately funded and established by the federal government. It is accredited by the Middle States Commission on Higher Education and is designated as “R2: Doctoral Universities – High Research Activity.”

U.S. News business school rank: 64 (tie)
Average salary and signing bonus within three months of graduating (2020): $126,844
Average debt (2020): $55,995
Salary-to-debt ratio: 2.3-to-1

 

University of California, Davis

University of California, Davis

The University of California, Davis is a public land-grant research university located near Davis, California. It is the northernmost of the University of California system’s eleven campuses and is known as a Public Ivy. In 1905, it was established as an agricultural division of the system, and in 1959, it became the University of California’s seventh campus.

U.S. News business school rank: 53 (tie)
Average salary and signing bonus within three months of graduating (2020): $130,317
Average debt (2020): $55,531
Salary-to-debt ratio: 2.3-to-1

 

Indiana University (Kelley)

Indiana University (Kelley)

Indiana University‘s Kelley School of Business is an undergraduate and graduate business school with campuses in Bloomington and Indianapolis, Indiana. In 2017, the Bloomington campus had around 7,500 full-time undergraduate and graduate students, while the Indianapolis campus had 1,740 students. In addition, more than 800 students are pursuing graduate degrees through “Kelley Direct,” the school’s online MBA and MS programmes.

U.S. News business school rank: 23 (tie)
Average salary and signing bonus within three months of graduating (2020): $142,424
Average debt (2020): $59,041
Salary-to-debt ratio: 2.4-to-1

 

Ohio State University (Fisher)

Ohio State University (Fisher)

The Ohio State University‘s business school, the Max M. Fisher College of Business, is a public research university in Columbus, Ohio. Fisher’s campus is in a partially enclosed corporate campus near to St. John Arena on the university’s northern outskirts. It is made up of four brick structures placed in a quadrangle. The 34,000 sq m2 complex is the university’s largest multi-building project to date. Fisher is one of the AACSB’s founding members.

U.S. News business school rank: 33 (tie)
Average salary and signing bonus within three months of graduating (2020): $132,022
Average debt (2020): $53,962
Salary-to-debt ratio: 2.4-to-1

 

North Carolina State University (Poole)

North Carolina State University (Poole)

North Carolina State University‘s Poole College of Management is a business school located in Raleigh, North Carolina. More than 3,500 students are now enrolled in the college’s undergraduate and graduate programmes. There were 2,724 undergraduate and 828 graduate students in the fall 2017 semester. Accounting, Business Management, Economics, and Management, Innovation, and Entrepreneurship are among the college’s four academic departments, which employ roughly 100 full-time faculty members.

U.S. News business school rank: 64 (tie)
Average salary and signing bonus within three months of graduating (2020): $108,768
Average debt (2020): $42,770
Salary-to-debt ratio: 2.5-to-1

 

University of Rochester (Simon) (NY)

University of Rochester (Simon) (NY)

The University of Rochester‘s Simon Business School is a business school. It’s on the University of Rochester’s River Campus in Rochester, New York. In 1986, it was renamed after William E. Simon (1927–2000), the 63rd Secretary of the Treasury of the United States. Sevin Yeltekin is the current dean of the school.

U.S. News business school rank: 33 (tie)
Average salary and signing bonus within three months of graduating (2020): $143,349
Average debt (2020): $56,336
Salary-to-debt ratio: 2.5-to-1

 

Purdue University, West Lafayette (Krannert) (IN)

Purdue University—West Lafayette (Krannert) (IN)

Purdue University‘s Krannert School of Management is a management school in West Lafayette, Indiana, United States. Undergraduate, master’s, and doctorate programmes are available at the business school.

U.S. News business school rank: 44 (tie)
Average salary and signing bonus within three months of graduating (2020): $105,702
Average debt (2020): $40,002
Salary-to-debt ratio: 2.6-to-1

 

Brigham Young University (Marriott) (UT)

Brigham Young University (Marriott) (UT)

The Marriott School of Business is part of Brigham Young University (BYU), a private university in Provo, Utah, that is owned by The Church of Jesus Christ of Latter-day Saints (LDS Church). It was founded in 1891 and renamed in 1988 in honour of J. Willard Marriott, the founder of Marriott International, and his wife Alice, who gave the school a $15 million endowment contribution.

U.S. News business school rank: 31 (tie)
Average salary and signing bonus within three months of graduating (2020): $125,522
Average debt (2020): $41,642
Salary-to-debt ratio: 3-to-1

 

University of Texas, Dallas

University of Texas, Dallas

The University of Texas at Dallas is a public research university in Richardson, Texas, with its main campus. It is the largest public university in the Dallas area and the University of Texas system’s northernmost campus. It started out as a private research unit of Texas Instruments in 1961.

While the main campus is nominally under Richardson’s jurisdiction, one-third of it is located within Dallas County. The Crow Art Museum in the Arts District, as well as three facilities in the Medical District close to UT Southwestern: the Center for BrainHealth, the Callier Center, and the new Translational Biomedical Engineering and Sciences complex, are all operated by UT Dallas.

U.S. News business school rank: 31 (tie)
Average salary and signing bonus within three months of graduating (2020): $111,168
Average debt (2020): $33,111
Salary-to-debt ratio: 3.4-to-1

University of Wisconsin, Madison

University of Wisconsin, Madison

In Madison, Wisconsin, the University of Wisconsin–Madison is a public land-grant research university. UW–Madison is the official state university of Wisconsin and the flagship campus of the University of Wisconsin System, having been established when Wisconsin became a state in 1848. It was Wisconsin’s first public university, and it is now the state’s oldest and largest public university.

U.S. News business school rank: 42 (tie)
Average salary and signing bonus within three months of graduating (2020): $126,660
Average debt (2020): $37,655
Salary-to-debt ratio: 3.4-to-1

 

Pennsylvania State University, University Park (Smeal)

Pennsylvania State University, University Park (Smeal)

More than 6,000 students attend Penn State University‘s Smeal College of Business, which provides undergraduate, graduate, and executive education programmes. Smeal is home to more than 150 faculty members who teach and do academic research on a variety of business issues and is recognised by the Association to Advance Collegiate Schools of Business (AACSB). A network of industry-funded research centres is also available at the college.

U.S. News business school rank: 33 (tie)
Average salary and signing bonus within three months of graduating (2020): $133,919
Average debt (2020): $38,657
Salary-to-debt ratio: 3.5-to-1

 

University of Connecticut

University of Connecticut

The University of Connecticut (UConn) School of Business is a four-campus public graduate and undergraduate business school with its main campus in Storrs, Connecticut.

The University of Connecticut School of Business was established in 1941 and provides bachelor’s, MBA, Executive MBA, doctoral, and advanced certificate programmes.

U.S. News business school rank: 60 (tie)
Average salary and signing bonus within three months of graduating (2020): $102,167
Average debt (2020): $28,221
Salary-to-debt ratio: 3.6-to-1

 

Arizona State University (W.P. Carey)

Arizona State University (W.P. Carey)

With over 300 academic members and over 1,582 graduate and 15,077 undergraduate students, Arizona State University‘s W. P. Carey School of Business is one of the country’s largest business schools (2019-2020 enrollment). Following a $50 million bequest in 2003, the school was renamed after William Polk Carey. The Shanghai Jiao Tong University’s Academic Ranking of World Universities ranks the W. P. Carey School 21st in the world for economics and business in 2020. [1] The top 25 academic fields at W. P. Carey were ranked by U.S. News & World Report in 2020.

U.S. News business school rank: 30
Average salary and signing bonus within three months of graduating (2020): $124,600
Average debt (2020): $31,718
Salary-to-debt ratio: 3.9-to-1

 

University of Washington (Foster)

University of Washington (Foster)

The University of Washington‘s Michael G. Foster School of Business is a business school in Seattle. It was established in 1917. The Association to Advance Collegiate Schools of Business has accredited the school, which has over 50,000 graduates. Bachelor’s, master’s, and doctorate degrees are available at the school. Each year, it enrols around 2,500 undergraduate and graduate students, as well as over 1,000 working professionals in executive education seminars and lifetime learning programmes.

U.S. News business school rank: 22
Average salary and signing bonus within three months of graduating (2020): $151,683
Average debt (2020): $31,780
Salary-to-debt ratio: 4.8-to-1

 

University of Florida (Warrington)

University of Florida (Warrington)

The University of Florida‘s Warrington College of Business is its business school. There are around 6,300 students enrolled in classes, which include undergraduates and graduate students pursuing Master of Business Administration and Ph.D. degrees. The Association to Advance Collegiate Schools of Business has accredited all of the programmes.

U.S. News business school rank: 26 (tie)
Average salary and signing bonus within three months of graduating (2020): $129,227
Average debt (2020): $22,705
Salary-to-debt ratio: 5.7-to-1

 

University of Georgia (Terry)

University of Georgia (Terry)

The University of Georgia‘s C. Herman and Mary Virginia Terry College of Business is a constituent college in Athens, Georgia. Undergraduate, MBA, specialised master’s, and doctoral programmes are all available at the business college. It was established in 1912 as the first business school in the American South.

The Terry College MBA programme is frequently ranked among the top 50 graduate business programmes in the country. The Terry MBA is available as a full-time degree on campus in Athens, as a working-professional MBA in Gwinnett County and Atlanta’s Buckhead region, and as an Executive MBA in Atlanta’s Buckhead district.

U.S. News business school rank: 39 (tie)
Average salary and signing bonus within three months of graduating (2020): $126,438
Average debt (2020): $21,141
Salary-to-debt ratio: 6-to-1

 

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