The Top 5 MBA Grad Salaries in Pennsylvania
Where should you earn your MBA in Pennsylvania if you want to walk away with a high salary upon graduation? We’re breaking down the top five MBA programs for high salaries in Pennsylvania: Wharton, Tepper, Smeal, Katz, and LeBow.
Continue reading…Which Business School Should I Attend? NC State or South Carolina
North Carolina’s Research Triangle Park area is a great place to live and work. It’s one of the nation’s top areas for science and engineering jobs, and it’s home to many great universities. It sprawls across three cities—Raleigh, Durham, and Chapel Hill—and is a booming area to live, work, and go to school. Columbia, South Carolina could also be included in the Research Triangle because it’s also home to a top university, and that’s what we’re taking a look at today.
Continue reading…Chicago Booth, Harvard Top The Economist’s 2019 Full-Time MBA Ranking
The Economist 2019 full-time MBA ranking is finally out, with the University of Chicago Booth School of Business—once again—cracking the top spot. This marks the second consecutive year the school stayed on the top of the list.
Continue reading…The California MBA Program Guide
If you’re looking to earn a California MBA, where should you go to school? Should you choose a top MBA program in Los Angeles or San Francisco? Both cities offer beautiful weather, gorgeous beaches, and world-class business education, but is one location better than the other?
Los Angeles vs. San Francisco
To get started, it’s necessary to compare the cost of living in Los Angeles and San Francisco. According to Numbeo, the world’s largest database containing user contributed data about cities, San Francisco is far and away the more expensive place to live. You would need $7,748.24 in San Francisco, CA to afford the same lifestyle that you can have for $5,700 in Los Angeles. That’s just over $2,000 more per month needed to live in San Francisco, and here’s how that’s broken down.
- Consumer Prices:98 percent higher in San Francisco
- Rent Prices: 51 percent higher in San Francisco
- Restaurant Prices: 62 percent higher in San Francisco
- Groceries Cost: 8 percent higher in San Francisco
- Local Purchasing Power: 77 percent higher in San Francisco
Right off the bat, it’s obvious that the cost of rent (real estate) is what will eat up most of your paycheck in San Francisco, but is that offset by anything? Here are the other things to consider when choosing between San Francisco and Los Angeles.
- Industries
- Los Angeles is ranked top in the country for manufacturing with over 500,000 workers in the industry. Other top industries include banking and finance (more than 100 foreign and domestic banks), entertainment, and tourism.
- San Francisco, on the other hand, is known as Silicon Valley (with San Jose) for its technology companies and startups (Intel, Apple, Genentech, Google, Uber, and Twitter). It’s also a great city for finance, global business, medical science, biotechnology, tourism, and fashion apparel (home of the Levi Strauss & Co headquarters).
- Economic Development: According to the Center for Jobs, San Francisco far and away outperforms Los Angeles in terms of economic growth and development with the Bay Area growing year-over-year while LA has struggled with almost consistent decreases.
- Top Companies: California is home to 53 Fortune 500 companies, second only to NYC. And more of those companies are located in the Bay Area compared to Los Angeles. San Francisco is home to Apple (3), McKesson (5), Chevron (19), and Wells Fargo (25). While Los Angeles is home to Aecom (161), CBRE (214), and Reliance Steel & Aluminum Co (320).
Los Angeles vs San Francisco MBA Programs
The next step is to compare the top three MBA programs in each city. In particular, we wanted to take a look at the tuition rates (two years), GMAT averages, and post-graduation salaries at each program in each city to get a well-rounded picture.
There are a few things to note right away.
- San Francisco is home to more highly ranked MBA programs with two ranking in the top ten on every list. However, it’s important to note that both cities have programs that rank well and are considered top tier schools.
- The average tuition in each city is fairly even. However, the most expensive ($137,00) and the most affordable ($77,000) schools are located in San Francisco, whereas Los Angeles is more even regarding tuition across the board.
- You’ll need a better GMAT score to go to a school in San Francisco, and that GMAT score translates into a higher salary after graduation. San Francisco graduates earn about $11,000 more per year compared to their LA counterparts.
Here’s how it all breaks down per school.
Top 3 Los Angeles MBA Programs
Anderson School of Management – UCLA
The UCLA Anderson School of Management offers a full-time MBA, a part-time MBA, an Executive MBA, and a UCLA-NUS Global MBA (Asia Pacific) program. It’s considered one of the top business schools in the world, ranking 6th in the Economist, 15th in Forbes, 16th in the U.S. News & World Report, and 25th in Financial Times.
- Tuition Rates (two years): $117,176
- GMAT Averages: 719
- Post-Grad Salaries (Mean): $119,964
Marshall School of Business – USC
The Marshall School of Business at USC offers a full-time MBA program, a part-time MBA, an Executive MBA, and IBEAR (International Business Education and Research) MBA, and an Online MBA program. The school’s full-time MBA program is ranked: 20th in the U.S. News & World Report, 33rd in Forbes, 59th in Financial Times, and 65th in the Economist.
- Tuition Rates (two years): $116,361
- GMAT Averages: 703
- Post-Grad Salaries (Mean): $115,309
The Paul Merage School of Business – University of California, Irvine
The Paul Merage School of Business has both a full-time MBA program as well as a part-time fully-employed MBA program. In addition, the school offers an Executive MBA and a Health Care Executive MBA program. The business school is ranked highly across multiple rankings including 41st in Forbes, 42nd in the U.S. News & World Report, 56th in the Economist, 64th in Financial Times.
- Tuition Rates (two years): $87,661
- GMAT Averages: 652
- Post-Grad Salaries (Mean): $97,808
Top 3 San Francisco MBA Programs
Haas School of Business – UC Berkeley
The Haas School of Business offers a full-time MBA, part-time MBA, and Executive MBA program. Haas is ranked as one of the top business school’s in the world ranking in the top ten on every list: 7th overall in U.S. News & World Report and 7th overall in the Economist, as well as 9th overall in Forbes, and 10th overall in the Financial Times.
- Tuition Rates (two years): $117,444
- GMAT Averages: 725
- Post-Grad Salaries (Mean): $125,573
Stanford University Graduate School of Business
The Stanford University Graduate School of Business offers only a full-time MBA program, but it’s one of, if not the top two-year program in the world. When looking at how Stanford GSB stacks up to the competition, the rankings speak for themselves with all in the top ten and most in the top five, including: 1st overall in the Financial Times, 2nd overall in Forbes, 4th in the U.S. News & World Report, and 9th in the Economist.
- Tuition Rates (two years): $137,736
- GMAT Averages: 733
- Post-Grad Salaries (Mean): $144,455
UC Davis Graduate School of Management
At the UC Davis Graduate School of Management, MBA applicants can apply to the full-time MBA or the part-time MBA program. Once again, UC Davis is one of the top schools in the world, ranking 37th in the U.S. News & World Report, 63rd in Forbes, and 67th in the Economist.
- Tuition Rates (two years): $77,698
- GMAT Averages: 669
- Post-Grad Salaries (Mean): $97,695
California MBA Breakdown in Charts
When breaking down the data between MBA programs in Los Angeles and San Francisco, here’s what it looks like
California MBA Tuition (Los Angeles vs. San Francisco)
California MBA GMAT Averages
California MBA Post-Graduation Salaries
Chicago Booth Professor Anil Kashyap Honored By Japanese Government
Last month, University of Chicago Booth School of Business professor Anil Kashyap received the Order of the Rising Sun, Gold Rays with Neck Ribbon award by the Japanese government. This prestigious award honors the renowned economist’s distinguished achievements and contributions to Japan.
Kashyap was honored for the significant role he played in promoting and disseminating high quality research on the Japanese financial system and economic policies. According to the school, he coordinated conferences bringing together Japanese and American researchers in partnership with the Economic and Social Research Institute, the think-tank under the Cabinet Office of Japan.
“It has been an honor and a privilege to work with the Cabinet office on these conferences. They have generated many good research papers, forged some collaborations and hopefully have helped with the policy process,” Kashyap said after receiving the award.
The Order of the Rising Sun was originally established in 1875 by Japanese Emperor Meiji as the first national decoration awarded by the Japanese government. However, a modern version has been awarded to non-Japanese recipients since 1981.
Today the award honors individuals who have made significant contributions to international relations, promotion of Japanese culture, advancements in their field, development in welfare, as well as preservation of the environment. Kashyap was among 149 foreign recipients of the award this year.
Anil Kashyap/Photo via Chicago Booth
Prior to joining the Chicago Booth faculty in 1991, Kashyap spent three years as an economist for the Board of Governors for the Federal Reserve System. In addition to his exploits in Japan, he is on the Board of Directors of the Bank of Italy’s Einuadi Institute of Economics and Finance, is a member of the Squam Lake Group, and serves on the International Monetary Fund’s Advisory Group on the development of a macro-prudential policy framework. Since 2016 he has been an external member of the Bank of England’s Financial Policy Committee.
Kashyap is currently the Edward Eagle Brown Professor of Economics and Finance at Chicago Booth. His research has won him numerous other awards, including a Sloan Research Fellowship, the Nikkei Prize for Excellent Books in Economic Sciences, and a Senior Houblon-Norman Fellowship from the Bank of England.
Kashyap also currently works as a consultant for the Federal Reserve Bank of Chicago, and serves as a member of the Economic Advisory Panel of the Federal Reserve Bank of New York, and as a Research Associate for the National Bureau of Economic Research.
The Foster MBA Program Reviews the Ranking Metrics that Matter
How do you know if an MBA program is well ranked if their rankings change between publications? For example, the University of Washington Foster School of Business is ranked in four different publications, and each places them differently. They are ranked 19th in the nation and fifth among public universities by both the Financial Times and Bloomberg Businessweek, 27th overall and 7th among public business schools by the Economist, and 27th overall and 9th among public business schools by U.S. News & World Report.
