Forbes ranks Full-Time MBA Program No. 11 for Career ROI
Forbes ranked the full-time MBA Program at UNC Kenan-Flagler No. 11 in its eighth biennial ranking of the top MBA programs in the United States.
The ranking is a five-spot jump for UNC Kenan-Flagler compared to the last ranking in 2011. Forbes ranks programs based on the salary increase reported by graduates five years after graduation.
“This ranking demonstrates that our extraordinary learning experiences, faculty who excels at both teaching and research, and the top leadership program of any business school together prepare our graduates to thrive and deliver results,” said Sherry Wallace, director of MBA admissions at UNC Kenan-Flagler. “For us, ROI is far more than higher salaries – it also means developing new ways of thinking and business acumen, joining a community with shared values, and building a lifelong career network.”
Forbes ranks full-time MBA programs every two years based on return on investment (ROI) achieved by graduates five years after graduation. The 2013 ranking is based on surveys of the classes of 2008, when graduates “entered the job market in the teeth of the Great Recession."
Forbes surveyed alumni and compared their earnings in their first five years out of business school to their opportunity costs (two years of forgone compensation, tuition and required fees); adjusted the median “5-year MBA gain” for cost of living expenses and discounted their earnings gains using a rate tied to the discount rate used by large companies in their pension funds. It discounted tuition to account for students who pay in-state rates and for the non-repayable financial aid. The 5-year MBA gain represents the net cumulative amount that typical alumni would have earned after five years by getting their MBA versus staying in their pre-MBA careers. The schools are all ranked based on their 5-year MBA gain.