According to the resent data published by SoFi, a student loan refinancing company, the best return for your tuition fee investment is offered by the University of Wisconsin School of Business. The company analyzed information from MBA alumni where they gave their student debt and salary numbers.
Business school rankings according to ROI
After finding the ratio of alumni salary to their student debt, SoFi ranked business schools according to the return on investment after graduation, Poets&Quants reports. The study was called “No BS” Return on Education 2018 MBA. In 2017, the University of Wisconsin came fourth: its former students had an average salary of $109,954, whereas their average debt numbers comprised $59,854, which means that the return on investment ratio was 1.8. The 2018 study showed that the University of Wisconsin came out on top – its alumni had an average salary of $122,532, whereas their average student debt was $52,568 with a return on investment ratio of 2.3.
Brigham Young University’s Marriott School of Business landed the same ROI ratio – 2.3, but took the second place, as its average starting salary was lower than Wisconsin’s ($114,599). This difference came from the fact that SoFi rounded the ROI ratio. If unrounded, Wisconsin has 2.33 and Brigham Young has 2.28.
The next two places were occupied by two top business schools – Harvard (2.21) and Stanford (2.18). These two had almost the same ratio with very close average salaries and debt.
The fifth place went to Villanova’s School of Business (2.17), but in the study it was listed as 2.1.
The study was based on 60,000 applications from business school alumni three years after graduation (January 2014 – December 2017).
Salaries and student debt: who had the most
Wharton Business School alumni reported the highest average salary – $224,034. However, their student debt was also one of the highest at $128,549. Only Virginia’s Darden School of Business had more: $138,667.
Columbia Business School alumni reported a second highest salary: $189,295, followed by Stanford ($186,534) and Harvard ($184,463). Berkeley Haas had the fifth largest salary: $171,270, being the only public school in the top ten by salaries.
The highest student debt after Darden and Wharton was reported by Columbia Business School alumni and comprised $123,277, followed by Chicago Booth ($109,451) and Duke’s Fuqua ($109,073).
Join MBA25 event in Kyiv and learn more about the business schools with the best ROI!