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 places the school solidly in the top 10 percent of the more than 590 graduate business programs accredited by AACSB International – The Association to Advance Collegiate Schools of Business.
According to Forbes, the ranking shows 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. Full results are available online at www.forbes.com.
When measuring the five-year gain as percentage of expenses (MBA profits divided by the sum of tuition, fees and forgone compensation) only three of the top 74 schools outperformed the UB School of Management.
In addition, of all the schools ranked by Forbes, the UB School of Management had the lowest tuition.
“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.
Results are based on a survey of 16,000 MBA graduates worldwide from the class of 2006. Graduates were selected from more than 100 business schools.
The UB School of Management is recognized for its emphasis on real-world learning, community and economic impact, and the global perspective of its faculty, students and alumni. The school has been ranked by Bloomberg Businessweek, the Financial Times, Forbes, U.S. News & World Report and The Wall Street Journal for the quality of its programs and the return on investment it provides its graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, the largest and most comprehensive campus in the State University of New York. 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.