The 15 Best Value MBA Programs | Financial Times

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The ability to earn a good salary, pay off their student loans quickly, and/or secure a scholarship is now important to potential MBA students in making their selection to apply for business school.

MBA candidates are more picky about the flagship management profession than they were in the past, owing to high MBA tuition costs and employer pressure to maintain their jobs.

“People are spending a lot of money on an MBA,” says Conrad Chua, head of MBA admissions and careers at Cambridge Judge Business School in the United Kingdom. “Students must also consider the opportunity cost of leaving their job.”

Calculating return on investment is essential. Every year, the Financial Times Global MBA Ranking compiles a list of the world’s top 100 business schools.

The Financial Times also evaluates schools’ value for money. That is calculated by using alumni salaries today, the duration of courses, and other expenses, such as tuition and living costs, as well as the opportunity cost of not working during an MBA.

The best MBA programs have the lowest cost.

Despite being ranked 40th overall, the University of Florida’s Warrington College of Business takes first place in the Value for Money category of the Financial Times’ 2021 ranking.

The Illinois Institute of Technology’s two-year MBA program costs $26,473 per year for residents and $61,260 for non-residents. Given the high cost of a top business school education, this may seem like a bargain.

The average salary for Warrington MBAs three years after graduation is used in the ranking’s metric for “salary today.” Warrington MBA grads earn an average salary of $128,375 nowadays, which is more than double the program’s whole tuition cost for non-residents of the state.

Brigham Young University’s Marriott School of Business is in second place, with a $19,116 tuition. As an associate of the Church of Jesus Christ of Latter-day Saints, Marriott offers Mormons a reduced tuition rate that costs $27,720 and non-members $55,440 to attend. After getting their MBA degrees from Marriott, graduates earn

The Most Competitive MBAs for Value for Money

The US, despite taking first and second place in the value for money ranking, lagged behind European and UK institutions. Europe (8) and the United Kingdom (1) lead with 10 of the top 15 best-value MBAs (11 including INSEAD). Three of the schools are located in North America.

There are just two institutions outside of Europe and the United States. The University of Cape Town Graduate School of Business has a low cost structure, while INSEAD offers a high-value program.

The European MBA is the most profitable in this category.

For the lowest upfront investment, the European and UK institutions have MBA salaries that post-graduation top those of US schools—one-year program lengths mean students are out of work for less time, therefore they can pay off their tuition faster.

According to a new survey, INSEAD MBAs have the highest salaries of all the programs in the list, with a starting salary of $188,432. The INSEAD MBA is ranked number one in the world by 2021 rankings, up three places from last year after three top-rated schools—Stanford, Harvard, and Wharton

The average HEC Paris MBA salary in the Asia-Pacific region in 2021 was $158,942. In Asia, institutions at the same level as Harvard Business School and INSEAD fall far behind. The world’s best business schools make it easy for young professionals to secure high-paying jobs; however, many of their students earn less than

The University of Cambridge’s Judge Business School claims that its MBA graduates earn an average of $160,768, and the IMD Business School’s MBA students take home about $167,610.

It’s also worth noting that although INSEAD and HEC Paris are the only top 10 FT-rated institutions to appear in the Financial Times’ value for money listings, this does not necessarily imply that the highest-ranked schools provide the best value for money for MBAs.