Business Week survey says UI MBA has quick return on investment
As part of its biannual guide to business schools, Business Week ranked the Henry B. Tippie School of Management's MBA program as having the third quickest return on educational investment among the 73 U.S. business schools in the survey.
According to the Business Week survey, it takes UI MBA graduates a median 3.7 years to recoup the cost of tuition and lost salary from the two-year MBA program. This represents a median $70,000 salary at graduation, a 100 percent salary increase from pre-MBA levels.
The UI MBA program topped all other Big Ten programs in quickest return on investment, including Purdue (3.8 years), Penn State and Michigan State (both at 4.1 years) in the Big Ten.
"The costs of education at the Tippie School are extremely reasonable -- it's a great investment. Our tuition is the lowest in the Big Ten, but our salaries for our graduates are very competitive," said Gary Gaeth, associate dean of MBA programs in the Tippie School of Management.
Gaeth added that the salaries of Tippie School graduates are higher this year because of the office of MBA Career Services' stepped-up placement efforts. The quality of placements has also increased, with companies such as Pillsbury, Kimberly Clark, Oscar Meyer and several major banks actively recruiting UI MBAs.
Overall, Business Week ranked the Tippie School MBA program among the top 50 in the nation.
See the Business Week article on returns on an MBA investment at http://www.businessweek.com:/2000/00_40/b3701023.htm and the complete rankings at http://www.businessweek.com/bschools/00/.
For more information about the UI MBA program, see tippie.uiowa.edu/mba/or call (319) 335-1039.
Contact: George McCrory, UI News Service, 319-384-0012