Looking At New York City’s Best MBA Return on Investment, Pt. II
New York City is an obvious choice for budding entrepreneurs, consultants, and financiers to find their footing.
Manhattan is regularly called a playground for the wealthy, with a 2016 Newsweek article playfully and indiscriminately dubbing rich people New York’s new urban blight. So, if you’re one of the millions of people hopping into New York to extract its cultural and financial resources for personal gain before migrating to some more humane province, why not do an MBA there while you’re at it?
The proximity of New York business schools to the city’s wealth of opportunities means that MBAs have a kind of access that make b-schoolers elsewhere in the country—and the world—salivate. New York’s matchless combination of industry, culture, and strategic location means that any one of the numerous business schools that populate the region will give MBAs a veritable nitrous boost when it comes to post-graduation job placement. In fact, earlier this month we covered five other NYC MBA programs that give graduates the best return-on-investment.
You’ve surveyed the best so let’s try the rest! While Part 1 was populated by the most elite and therefore more expensive MBA options in the region, Part 2 focuses on New York programs that are more practical choices if you’re doing business school on a budget. These programs tend to offer comparatively smaller returns-on-investment but the advantage is their affordability.
So, let’s take a deeper dive into four more New York-area MBA programs that offer the best returns-on-investment for graduates.
Lubin School of Business — Pace University
The Lubin School of Business counts Hearst Magazines president Michael Clinton ’83, HBO Chairman and CEO William C. Nelson ’75, and former Chairman and CEO Ivan G. Seidenberg ’81 among its notable alumni. With tuition for Lubin’s two-year full-time MBA priced at $71,340, the program qualifies one of the mid-range options on our list. MBAs graduate with an average salary-to-debt ratio of 68 percent culled from average debt of $44,076, according to U.S. News & World Report, and an average base salary of $64,425.
Gabelli School of Business — Fordham University
Notable Gabelli School of Business notable alumni include UnitedHealth Group CEO Stephen J. Hemsley, ’74; former JP Morgan CEO Maria Elena Lagomasino ’77; Countrywide Financial Corp Co-Funder, Chairman, and CEO Angelo R. Mozilo ’60; and Empresas Polar CEO Lorenzo Mendoza. At $87,807 for its two-year full-time MBA, Gabelli’s tuition is among the priciest on our list but the handsome 53 percent salary-to-debt ratio makes up for it. MBAs graduate with an average debt of $51,870 and go on to earn an average base salary of $97,404.
Tobin School of Business — St. John’s University
The Tobin School of Business at St. John’s University is one of the most affordable MBA programs on our list, with tuition priced at $43,740 for its two-year full-time MBA. Tobin MBAs graduate with an average debt of $28,291, which when set against their $59,276 average base salary, yielding a 48 percent salary-to-debt ratio.
Stevens Institute of Technology School of Business
Recent noteworthy employers of the Stevens Institute of Technology School of Business MBAs include ExxonMobil, Goldman Sachs, Johnson & Johnson, JPMorgan Chase, L’Oreal, Lockheed Martin, Microsoft, Tishman Realty & Construction Co., Turner Construction, UBS Financial, and Verizon. Although tuition is priced at a competitive $68,988 for its two-year full-time MBA, Stevens actually has the highest salary-to-debt ratio of any school on our list, at 72%. Stevens MBAs graduate with an average debt of $48,244, according to CNN Money, and go on to earn an average base salary of $67,100.
For a Career in Supply Chain Management, Head to Washington DC
Today’s boardroom is tomorrow’s chopping block. Business is a beast, no doubt, one whose needs grow increasingly demanding and complex along with those of we, the consumers, who drive it.
To navigate let alone thrive in this hectic environment requires unprecedented strategy, analysis, and execution. For many companies navigating the unruly seas, so to speak, the great white hope is an unsung hero of sorts: the supply chain manager.
Supply chain managers, or SCMS, have long been vital to the quality and productivity of projects. In short: SCMs oversee how all the constituent parts of their product—raw materials, information, and finance—move from supplier to manufacturer to wholesaler to retailer to consumer.
There are certainly lots of moving parts to this position—no pun intended—which makes sense why supply chain management has become such a popular concentration at business schools and an increasingly in-demand gig for graduates.
When it comes to ideal places to pursue an SCM degree, it doesn’t get any better than Washington DC, a cosmopolitan, cross-sectional hub for politics, business, and tech. In addition to its strategic mid-Atlantic location, sandwiched between the business centers of the lower Midwest, the upper Southeast, and the lower Northeast, the Chocolate City is home to a wide range of industry players, offering infinite access to whichever field you aspire to enter through an SCM degree. In addition to the warm, friendly folks like Lockheed Martin and Capital One that make their home in the Beltway, startups like HireKeep, NotionTheory, and Click2Mail do as well.
For you aspiring supply chain managers out there, we did the legwork for you and took a deeper dive into four DC metro degrees.
University of Maryland’s R.H. Smith School of Business
The UMD Smith MS in Supply Chain Management is consistently ranked as one of the most innovative in the region. Whether you’re looking to become a buyer, a logistics officer, freight specialist, or key account specialist, Smith will give you the “relevant, real-world experience” needed to “drive business growth, promote efficiency, sustain the planet,” and last but not least—impress recruiters. Smith’s deep ties to Wal-Mart, Bosch Rexroth, AstraZeneca, China Mobile Cooperation, and Unilever will surely benefit Smith MBAs. All graduates become Lean Six Sigma Yellow Belt™ (ICYB™) Certified by the International Association for Six Sigma Certification (IASCC).
Howard University School of Business
The Howard University School of Business‘ Supply Chain Management (SCM) concentration was designed specifically to prepare students for “leadership roles in global corporations and government entities.” Howard’s combination of faculty, curriculum, executive sponsorship, and real world experience means that graduates are well-equipped to meet the demands of an increasingly competitive job market.
CHECK THIS OUT: What Are The Differences Between The World’s Best Online MBA Programs?
Georgetown’s McDonough School of Business
Operations and Information Management (OPIM) concentration at Georgetown University’s McDonough School of Business is an interdisciplinary effort that combines Production and Operations Management, Operations Research/Management Science, Statistics/Decision Analysis, and IT/Systems Management. OPIM was designed to create opportunities for research and employment within information systems that support decision processes, risk management, business analytics, and global operations.
George Mason University School of Business
The George Mason University School of Business offers a Project Management concentration that might appeal to MBA candidates with an interest in supply chain. The Project Management concentration—available both online and on-campus—was designed to give MBA candidates the “knowledge and skills needed to manage major projects from conception to implementation.”
Aeuronautics Vice President at Lockheed Martin Joins Neeley Speaker Series
Orlando Carvalho, the executive vice president of aeronautics at Lockheed Martin, was recently invited to the Texas Christian University – Neeley School of Business as a featured guest at the Tandy Executive Speaker Series.
Top Employers D.C.
When you think about Washington, D.C., the first thing that probably comes to mind is politics, but the DC area offers so much more. The District of Columbia is officially home to 4.8 million people with a median household income of $93,200 and 48 percent of the population having attained a college education. The city is also home to all three branches of the U.S. federal government as well as 176 foreign embassies.
But working for the federal government isn’t your only option in the city. Yes, the federal government is the area’s largest employer, but the public school systems in D.C. hire the most number of people. And if neither of those sounds interesting, D.C. is also the headquarters of the World Bank, the International Monetary Fund (IMF) and the Pan American Health Organization (PAHO). Plus, there are many large employers in the region.
So, if you’re thinking about living and working in Washington D.C.—post earning your MBA from Georgetown University’s McDonough School of Business or George Washington University’s School of Business—where should you work? There are plenty of options. It all depends on what you’re looking for. We’ve outlined a list of the top employers DC has to offer based on size, reputation, benefits and more. Continue reading…
Coles College Hall of Fame Welcomes Newest Honorees
The Kennesaw State University – Michael J. Coles College of Business recently honored Jack Dinos and Lee Rhyant through their induction into the school’s Hall of Fame, only the second class of honorees in the school’s history.
Industry Spotlight: Defense Industry in San Diego
MBAs have a lot to consider when choosing a job after graduation. Behind “fulfillment,” “salary,” “upward mobility,” and “potential impact on the planet and its inhabitants,” the deciding factor is often the city where MBAs will make a home until that 401K kicks in. San Diego, California – a mid-sized Pacific Coast metropolis of around 1.36 million and just a 15-minute walk from the Mexican border – is hard to top in terms of both livability and professional opportunity.
