Over the past couple of years, the popularity of MBAs in American universities has been falling – they are slowly being replaced by Online courses. However, in employment, diplomas are still very much appreciated. According to statistics, investments in education pay off in 36-48 months, and graduates from the list of top 25 economic schools improved their profitability by 2-3 times - from 70-80 to 190-220 thousand dollars per year.
Forbes' newest ranking of U.S. business schools ranked institutions by median measures of how quickly graduates recoup investments after earning a degree. To do this, they compared the level of salary of respondents before the start of studying and after they graduated. Schools whose graduates reluctantly answered the questionnaire were not included in the sample - as well as those where the incomes of graduates showed negative growth or investment in education did not pay off in five years (there were also such).
Chicago Booth
On the first line this year was the Booth School at the University of Chicago; it was founded at the end of the century before last and is the second oldest in the United States after Wharton. From its walls came 9 nobel laureates in economics.
The average income of applicants in 2014 was $ 84,000, and last year reached $ 245 - so the increase was just over 94 thousand "net", without the cost of studying and other investments.
2/3 of the school's graduates go to consulting firms or deal with financial issues - it is in these two areas that the profits for degree holders are considered the greatest. Among the largest employers for graduates of the school are such monsters of consulting as Bain, McKinsey, Boston Consulting Group, Accenture and the Internet giant Amazon.
The dean of the school in 2017 was elected Madhav Rajan, who previously worked at Stanford University and the Wharton School. Shortly after he was appointed, booth graduate Amy and Richard Wallman donated nearly $80 million to scholarships and fund scientific research.
One of the most serious advantages of the school is the alumni community: representatives of this powerful clan spread their networks in 120 countries of the world, and there are more than 55,000 alumni in total, including Morningstar founder Joe Mansuerto and one of the founders of the Carlisle Group Will Conway.
Stanford
On the next line behind the leader is last year's silver medalist, Stanford Graduate School of Business. Over five years, its graduates improved their results by $ 91,000. It is important to note that five years after graduation, the salaries of those who graduated from this school are higher than those of the institution that took first place, but the high cost of living in North California cities imposes its limitations on the increase in profitability.
It is damn difficult to enter here, the competition is very high - only a little less than 6% of applicants get the opportunity to study here. Among the graduates, IT specialists predominate - almost 34%, as well as financiers (31%) and consultants (18%). 16.2% of those who graduated within five years of completing the program founded their successful business.
The top five schools in terms of return on investment also included the Kellogg School of Management at Northwestern University,Harvard Business School and the Wharton School at the University of Pennsylvania.
