Jacqueline Molik Ghosen
BUFFALO, N.Y. -- Forbes magazine has once again ranked the UB School of Management as one of the best business schools in the world based on the "return on investment" it provides MBA graduates.
The ranking of No. 48, up two spots from the last ranking in 2007, puts the school solidly in the top 10 percent of the more than 525 graduate business programs accredited by AACSB International – The Association to Advance Collegiate Schools of Business.
According to Forbes, the rankings show which business schools offer the "best return on investment" by comparing the cost of attaining an MBA -- tuition, plus forgone income -- to salaries earned by MBA graduates upon graduation and five years after graduation. The ranking is available online at www.forbes.com.
The results were based on a survey of 17,000 MBA graduates worldwide from the Class of 2004. The graduates were selected from 103 business schools.
When measuring the five-year gain as percentage of expenses (MBA profits divided by the sum of tuition and forgone compensation) the UB School of Management showed a 28 percent gain, with only 14 of the top 75 schools showing higher percentages.
"This ranking indicates that our graduates get an outstanding value for their investment in our MBA program," said Arjang A. Assad, dean of the UB School of Management. “In addition, it demonstrates that we’re producing graduates who achieve a high level of success in their careers.
According to Assad, the emphasis that the MBA program places on team skills, leadership and problem solving contributes to the success of the school’s graduates.
The Wall Street Journal has ranked the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek has ranked the school as one of the country's top 5 business schools for the fastest return on MBA investment. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, a flagship institution in the State University of New York system and its largest and most comprehensive campus. UB’s more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.