Chicago Booth Tops Forbes Rankings for First Time
Forbes released its 2019 MBA rankings and, for the first time in its 11-year history, Chicago Booth took first place. For the uninitiated, Forbes bases its ratings largely off a return on investment (ROI) model. The publisher looks at the total cost of the MBA (including the opportunity cost of lost income) and compares it to the first five years of post-MBA income.
Forbes once again concluded that, even with the high tuition and waning interest in many full-time MBA programs, the top b-schools achieve high ROIs for their graduates. Graduates from the top 25 programs go from average pre-MBA earnings of $73,000 to average post-MBA earnings of $193,000. For comparison purposes, $70,000 and $179,000 were the respective average pre- and post-MBA earnings just two years ago. Of course, we would be remiss if we didn’t mention that the hefty tuition published on the schools’ websites more than likely show the ‘sticker price’ that the average admitted applicant doesn’t pay. So, if you’re concerned about your ROI, you may want to consider applying and waiting to determine what amount of aid you will receive before making a final decision on the MBA’s ROI.
On a related note, years ago, we included scholarship amounts in our testimonials. However, now that well over half of admitted applicants receive significant financial aid, we generally omit it.
You’re certainly welcome to click the link above for the full rankings, but the Forbes’ top five business schools were:
- Chicago Booth