Business schools with the best ROI
Business schools with the best ROI - Registering a 14% growth globally and ensuring an average of $123,400 as compensation for graduates, a Masters in Business Administration is, perhaps, one of the highest paying programmes in the world. Bloomberg, in its yearly survey, has found that the median pay of MBA graduates who switched fields increased by almost $55,000 which means a massive 85% growth over their pre MBA compensations.
No wonder then that management courses are the most aspired degrees among international students. This is reflected on a QS survey that reveals that FAME (Finance, Accounting, Business Management and Economics) subjects capture almost 43% of the internationally bound students annually, which makes up for the largest chunk of students planning to pursue their education abroad.
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Here we bring you the list of the top business schools whose MBA graduates get the highest packages post their graduation. Spread across USA, UK, Europe, Asia and Australia, the business schools tables also include the ranking and tuition fee of the universities so that MBA aspirants can make a comparison and decide which business school offers them the highest return on investment.
Promising some of the highest salary packages for management graduates, the United States of America is perhaps one of the best places to pursue MBA. According to the Financial Times, American business schools boasts of the highest salaries for its graduates with universities like Harvard and Stanford leading the universities in terms of return on investment. While the cost of pursuing MBA from a US university is definitely higher compared to other countries, the brand value of the business schools along with the generated demand for the degree makes up for the price. According to QS, the average total compensation offered by employers in North America increased by 15% to $128,600 in 2014-15 making it is one of the biggest markets for MBA graduates in the world.
Business schools with the best ROI in USA
Harvard Business School
Stanford Graduate School of Business
University of Pennsylvania: Wharton
Columbia Business School
University of Chicago: Booth
One of the benefits of pursuing an MBA degree from UK is that courses are packed within a short duration of training. Unlike in USA, management programmes in UK last for an average of 12-15 months, hence consuming less time of professionals who wish to jump back in the job sector. While the business schools in UK are expensive, the return on investment for most of the top business schools is among the highest in the world, too. In 2014-15, the average compensation offered to management graduates in Western Europe, including UK, was $112,600 reflecting a growth of 3% over the previous year.
Business schools with the best ROI in UK
London Business School
15 to 21 months
University of Cambridge: Judge
University of Oxford: SaÃ¯d
Alliance Manchester Business School
Imperial College Business School
Europe (excluding UK):
Some of the best business schools in the world are based in Europe with countries like Spain and France leading the flock. Similar to the business schools in the United Kingdom, European business schools, too, offer management programmes not longer than 18 months in duration. That MBA graduates from universities in Europe are in great demand is a proof that the demand for MBA graduates has increased by 5% in Eastern Europe and by 3% in Western Europe. Further, the average compensation for business school graduates in Central and Eastern Europe, too, went up by up 6% in 2014-15.
Business schools with the best ROI in Europe:
Iese Business School
IE Business School
12- 15 months
Esade Business School
With Asia Pacific steadily emerging as the global hotspot for multinational corporations, international management aspirants are increasingly eyeing its top business schools. For example, countries like Singapore and China have become well known business management hotspots mainly pushed by their hyperconnectivity and by the fact that they are well- known financial centres of South-Asia and all major companies of the world have created their base in these countries. What more? After USA, India is the second biggest market for MBA graduates in the world. One of the benefits of pursuing management in Asia is that Asian universities tend to be more cost effective compared to universities in North America and Europe.
Business schools with the best ROI in Asia:
HKUST Business School
University of Hong Kong
While not many business schools from Australia feature among the top management colleges in the world, it still makes its mark by drawing one of the highest number of management aspirants from the Asia pacific region. In fact, according to the Australian Business Deans Council (ABDC), one in every three Australian university student is a business student. The average compensation offered to MBA graduates from Australia currently stands at $86,000.
Business schools with the best ROI in Australia:
Macquarie Graduate School of Management
AGSM at UNSW Business School
Melbourne Business School