The Economist has released a list ranking business schools across the world based on their return on investment. This chart shows the cost of an MBA at selected business schools after taking into account tuition fees and forgone salary.
No. 1 Spot: HEC Paris
The Economist has placed HEC Paris as the No. 1 B-School and says that the return on investment on an MBA course from this B-School is 67 per cent. According to the magazine, the students at HEC make enough extra money upon graduation to pay off their degrees in less than two years.
No. 2 Spot: Aston Business School
Based in Britain, this school has been ranked second by the Economist. The magazine says that Aston offers 64 per cent return on investment.
No. 3 Spot: University of Hong Kong
Placed on the third position, this university offers immediate return of 60 per cent on investment, The Economist says. “Cheaper, shorter MBAs around the world offer better returns,” says the magazine.
No. 4 Spot: IIM-Ahmedabad
According to The Economist, an MBA from IIM-A gives 44 per cent return on investment. IIM-A is the world’s fourth best B-school, when it comes to “Good value MBAs,” The Economist says.
No. 9 Spot: Carnegie Mellon Tepper
Located in Pennsylvania, USA, this institution, according to the Economist, gives 27 per cent return on investment.
No. 10 Spot: London Business School
This B-School offers 26 per cent return on investment, says The Economist.
No. 12 Spot: INSEAD
Ranked 12th in the list, this business school in France offers 24 per cent return on investment, says the Economist.
No. 13 Spot: UCLA Anderson
Based in Los Angeles, USA, this B-School has been ranked 13th in offering ‘good value MBA’. The magazine says this school offers 20 per cent return on investment.
No. 14 Spot: Chicago Booth School of Business
Chicago Booth School of Business has been ranked at 14th position by The Economist. The B-school offers 18 per cent return on investment, says the magazine.
No. 16 Spot: University of Queensland, Australia
Ranked at 16th, The Economist says it gives 15 per cent return on investment.
No. 17 Spot: Harvard Business School
Harvard Business School has been positioned at the 17th position in the list. Touted often as one of the most prestigious business school, it fails to impress the Economist when it comes to ‘good value MBAs’. The magazine says its offers only 15 per cent return on investment.
No. 18 Spot: Stanford University
One of the world’s leading research and teaching institutions, it has been placed in the bottom three by The Economist in terms of offering ‘good value MBAs’. An MBA course from this institution offers only 14 per cent return on investment, says the magazine.
No. 19 Spot: Kellogg School of Management
Kellogg School of Management offers only 10 per cent return on investment, according to the magazine.
No. 20 Spot: Wharton School
The magazine says “an MBA at Wharton costs $330,000 on average, in part because it enrolls well-paid executives. But the immediate return on such degrees is small.” However, it also adds that Wharton alumni are more likely to top the greasy pole in the long run.