Is the MBA degree worth its money?

Enormous cost of MBA studies has been explained by new Bloomberg rankings. Universities that are included in the list are acknowledged as higher education institutions that offer the most high-quality and useful business education in the world.

Last week, new rankings from Bloomberg have been released, explaining why studying at a US business school requires so much cost.

The rating includes tuition expenses as well as money that would be lost because of a career gap during studies. Also, the authors have tried to calculate whether better remuneration after obtaining the MBA degree would make up for all this lost money.

The new Bloomberg list has Harvard under #1 (same as last year), although its ‘cost’ was shown to be more than $300,000.

However, high expenses associated with studying at such a prestigious university are covered by highly increased salaries and a high percentage of employment post-graduation.

Second place belongs to Stanford School of Business, although the previous year listed it as #7. A close third is the Duke University’ Fuqua School, and the fourth place was assigned to Chicago Booth followed by Tuck School of Business.

All in all, the rankings have listed 87 American higher education institutions. The complete list can be seen on the Businessweek page.

The top 20 MBA Rankings List (Bloomberg)