UNC, Duke pay off among best for MBA grads
Among the many factors being weighed when deciding to go to business school is the expected return on investment. Using data from the Association to Advance Collegiate School of Business and individual school websites, StartClass ranks the top MBA programs based on 10-year ROI.
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The decision to pursue a business degree is a difficult one to make. The main factor to consider for most people, though, is fairly simple: Is this a good financial move?
Answering that question can be complicated. The average age of people attending business school is around 26 or 27, according to Bloomberg Business, which means someone with a bachelor's degree could be five years into his or her career before taking a two-year break to pursue a business degree. That means forgoing two years of salary and paying two years of tuition, all with the hopes of making that money back (and then some) in the future.
The cost of an MBA is based on out-of-state tuition, according to the most recent data from the Association to Advance Collegiate Schools of Business. Those who attend an MBA program at the in-state rate at a public school can expect an even higher ROI than what's listed. Average salary information for each program comes from the schools' individual websites. Cost does not consider loan interest or expenses like rent, food or other transportation.
#20. UNC Chapel Hill Kenan-Flagler Business School
Total out-of-state program cost: $107,994
Average salary of graduates: $109,390
10-year ROI: 262 percent
Total out-of-state program cost: $97,664
Average salary of graduates: $107,272
10-year ROI: 263 percent
Total out-of-state program cost: $79,448
Average salary of graduates: $103,454
10-year ROI: 266 percent
#17. Duke University Fuqua School of Business
Total out-of-state program cost: $109,844
Average salary of graduates: $111,000
10-year ROI: 268 percent
Total out-of-state program cost: $109,540
Average salary of graduates: $111,000
10-year ROI: 268 percent
Total out-of-state program cost: $109,744
Average salary of graduates: $111,000
10-year ROI: 268 percent
Total out-of-state program cost: $93,168
Average salary of graduates: $107,220
10-year ROI: 269 percent
Total out-of-state program cost: $52,468
Average salary of graduates: $98,000
10-year ROI: 271 percent
Total out-of-state program cost: $111,800
Average salary of graduates: $112,257
10-year ROI: 272 percent
Total out-of-state program cost: $115,000
Average salary of graduates: $114,000
10-year ROI: 277 percent
Total out-of-state program cost: $135,637
Average salary of graduates: $119,400
Total out-of-state program cost: $114,789
Average salary of graduates: $115,315
10-year ROI: 284 percent
Total out-of-state program cost: $131,250
Average salary of graduates: $119,639
10-year ROI: 285 percent
Total out-of-state program cost: $127,960
Average salary of graduates: $120,000
10-year ROI: 290 percent
Total out-of-state program cost: $114,465
Average salary of graduates: $117,860
10-year ROI: 296 percent
Total out-of-state program cost: $141,740
Average salary of graduates: $125,000
10-year ROI: 297 percent
Total out-of-state program cost: $119,443
Average salary of graduates: $120,000
10-year ROI: 300 percent
Total out-of-state program cost: $22,560
Average salary of graduates: $97,000
10-year ROI: 320 percent
Total out-of-state program cost: $122,450
Average salary of graduates: $125,000
10-year ROI: 320 percent
Total out-of-state program cost: $119,100
Average salary of graduates: $125,000
10-year ROI: 325 percent
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