By the Numbers: The World’s Most Valuable MBA
There are many different ways to define “lucrative”—so when trying to find the world’s most valuable MBA degree, there are a few different metrics you can use to draw a conclusion. Lucky for us, the new Financial Times global MBA ranking manages to list the world’s top MBA programs in (almost) every way imaginable, including highest weighted salary, salary increase, and value for money. Sounds lucrative to me! Continue reading…
What Are the Fastest MBAs You Can Earn in Houston?
Even if you’ve just started the process of choosing an MBA program, you’re probably already aware at the extreme variety in programs throughout the country. Just within one school, you might find MBAs that can be pursued full-time, part-time, online, on the weekends, in the evenings, and maybe even more.
What’s clear is that business schools understand the diversity of their students, and know that their program is a stepping stone to future career growth and success. And if students are willing to put in the work, schools are willing to cater to their goals and get that degree in hand as quickly as possible.
In Houston, Texas—as in metros across the country—it’s possible to earn a quality business education much faster than the typical, two-year full-time degree.
Finding the Fastest Houston MBA
Rice University – Jones Graduate School of Business
If you are an experienced professional who has already spent several years in the workforce, Executive MBAs—designed for professionals at the executive level—tend to be quicker degrees to earn than most. At the the Rice University Jones School of Business, the EMBA can be earned in just 22 months on alternating weekends. This also includes four week-long executive forums and a mandatory international forum. Given the low commitment during the week, this degree is perfect for working professionals who want to keep their jobs while still earning their degree quickly overall.
The Jones EMBA focuses on three main skills: leadership, strategy, and decision-making. Focusing on these three skills as crucial to executive success, the degree will build from a solid foundation of business knowledge and place all learning in a global context. EMBA students also have access to the Career Development Office at Jones, with works alongside students and alumni to meet their professional development goals.
Cameron School of Business – University of St. Thomas Houston
The MBA at St. Thomas Houston’s Cameron School of Business offers students the unique opportunity to design their own MBA program from the ground up, including how long they wish to be enrolled. While availability of various courses may ultimately determine how long a program takes, students with the drive can complete their degree in as little as one year (a fall, spring, and summer semester). To get an idea of how the required courses would break down for each semester, students can explore using Cameron’s interactive MBABuilder tool.
Overall, the Cameron MBA will require 36 hours of graduate level courses, which breaks down to 27 hours of core business classes, and nine hours of electives. Cameron offers nine concentrations for students to choose from if they decide to focus their degree, including one in Health Care Administration as a partnership through Texas Woman’s University. Find out more about the Cameron MBA here.
Mays Business School – Texas A&M University
The Texas A&M Mays Business School full-time MBA program takes just 18 months to complete, beginning each year in August. Since the program is just three semesters (fall and spring in year one, no required classes during summer, and a third and final semester the following fall), students can complete their degree in a year-and-a-half, with an open summer to pursue internships or other professional development opportunities. Students who wish to continue their program also have the option of a fourth semester in spring of year two, but this is entirely optional.
The full-time MBA at Mays is a rigorous program that offers students a unique and demanding educational environment, providing small cohorts and individualized attention for students, both from faculty and the school’s Career Management Center. The MBA program places an emphasis on preparing students for the workforce through experiential learning, offering students the chance to customize their degree through special certifications, electives, and study abroad opportunities.
University of Houston – Downtown
The Marilyn Davies College of Business at the University of Houston-Downtown offers students the chance to complete their degree in one, two, or three years. The focus of the Marilyn Davies MBA is for students to not put their professional careers on hold while earning their degree, and this is aided in UHD’s One Year program by allowing students to pursue the degree in a hybrid structure, both online and face-to-face. Students will complete their degree in one calendar year, taking classes three nights a week in this blended structure. Depending on the concentration, students may be required to complete 34-39 semester hours for their degree.
Students choose the UHD MBA for a number of reasons, including one of the lowest tuition rates in Texas, the flexibility of evening classes, and a modern and corporate driven curriculum. The school also offers a number of diverse concentrations for the degree, such as project management & process improvement, supply chain management, and investment management, among others.
Harvard Business School Tops Bloomberg Businessweek Ranking
For the third straight year, Harvard Business School reigned supreme in the annual Bloomberg Businessweek “Best Business Schools” ranking, topping the Wharton School at the University of Pennsylvania and MIT Sloan School of Management. In joining HBS on the medals podium this year, those schools both saw significant gains over last year, climbing from sixth and seventh respectively.
Rounding out the top five this year is the University of Chicago Booth School of Business —holding steady year over year at fourth—and Stanford Graduate School of Business, which fell from second place in 2016 to fifth this year.
The methodology Bloomberg Businessweek uses to arrive at its annual MBA ranking involves weighting each of five principle factors. Employer surveys account for 35 percent of a school’s score. Alumni surveys account for another 30 percent. And a combination of current student surveys, salary rankings, and job placement together account for the remaining 35 percent of the final score.
High Risers
Ten out of the top 20 ranked schools in the 2017 Bloomberg Businessweek ranking advanced at least one spot over last year. Wharton and Sloan each managed to leap four spots, boosted by high praise from employers and hefty salary benefits for recent graduates. The University of Washington Foster School of Business also managed to jump from 19th to 15th overall this year, thanks largely to its top ranking as the nation’s best business school for job placement.
The Cornell S.C. Johnson Graduate School of Management and the UCLA Anderson School of Management both saw a rankings jump of three spots, with Johnson moving up to 13th and Anderson coming in at 19th.
The year’s biggest winner, however, may be the Penn State Smeal College of Business, which jumped a whopping 12 spots from last year’s 37th to come in at 25th in 2017. It wins the award for the year’s biggest overall rankings increase. The USC Marshall School of Business also saw a momentous climb this year, sidling up eight spots from 38th last year to 30th this year.
In the latter half of the rankings came another one of this year’s biggest risers, with the Terry College of Business at the University of Georgia jumping 11 spots from last year, up from 65th overall to 54th. Elsewhere, the David Eccles School of Business at the University of Utah, the Whitman School of Management at Syracuse University, the C.T. Bauer College of Business at the University of Houston, and the Pepperdine University Graziadio School of Business and Management all saw a jump of at least seven spots in the new ranking.
Once Mighty, Now Fallen
Stanford GSB, Duke’s Fuqua School of Business, Dartmouth’s Tuck School of Business, and Jones School of Business at Rice University may all be feeling a wee bit dizzy. Last year Stanford shot up to second from seventh the year before, but this year it finds itself demoted to fifth. Duke’s Fuqua School, which last year celebrated a momentous jump from eighth to third, this year fell back down to seventh. Dartmouth’s Tuck School of Business, which had one of last year’s biggest gains, rocketing up nine spots to break into the top five from a mere 14th place finish the year before, this year finds itself at seventh. Similarly, Rice Business, as the Jones School likes to be called, which last year catapulted 11 spots to number eight, this year slipped to tenth. But at least all maintained their footing within the top 10.
Emory’s Goizueta Business School and the Texas A&M Mays Business School, for their part, slipped out of the top 20 altogether. Goizueta slipped just slightly, from 20th to 21st, and Mays slid from 18th to 22nd. The University of Virginia Darden School of Business also stumbled, slipping from 12th last year to 17th this year. But the Charlottesville school at least managed to remain in the top 20, thanks in part to strong scores in the student survey and salary categories.
No school, however, lost more ground than the George Washington University School of Business, which fell an eye-popping 14 spots from last year, losing its place among the top 50 business schools in the United States.
Bloomberg BW has made multiple changes to its methodology in recent years, resulting in significant volatility in terms of where schools fall on the list even when not much has changed year over year at the individual schools themselves. This has led many to question the credibility of the ranking overall. That said, Clear Admit’s Alex Brown found this year’s results easier to swallow than some in recent years. “This ranking seems more reasonable to me this year,” he says. “Each of the M7 programs are in the top 10, and the schools I would consider in the top 16 are all in the top 20.”
You can view the complete 2017 Bloomberg Businessweek rankings here.
This article has been edited and republished with permissions from Clear Admit.
Getting Paid: The Highest-Earning Houston MBA Grads
Houston metro is not just home to mouth-watering Texas barbecue and some of the most beautiful beaches in the country. It is also one of the most diverse places on the planet. The melding of cultures and trades yields a booming economy that spreads across a variety of industries, not to mention the best Tex Mex in the world.The city’s thriving economy combined with a low cost of living also makes for a large contingent of cultural philanthropists and institutions, giving Houston one of the great art scenes in the US. Delicious food and cultural perks aside, earning an MBA in Houston is a practical decision for a multitude of reasons. Houston is one of the most populous cities in the US, and it is home to nearly two dozen Fortune 500 companies.
For future industry leaders looking to pursue especially lucrative careers, we’ve laid out the schools that produce the highest paid MBAs in Houston.
Rice University — Jones Graduate School of Business
For b-schoolers aspiring to take high-powered positions with an equally respectable pay off, the Jones Graduate School of Business may be a viable option. The MBA students who graduated in 2016 had an impressive average base salary of $112,158, with an average signing bonus of $25,475. About 34 percent of these grads pursued finance or accounting, and the second most popular industry was consulting (24.7 percent). Though Rice’s rankings and stats are objectively impressive, this school also works to build a sense of community. Class sizes are relatively small, at 40 people per class, and professors strive to familiarize themselves with the students they teach.
Mays Business School – Texas A&M University
The rigorous MBA program at the Texas A&M Mays Business School is sure to provide MBAs with the tools they need to launch high-income careers. The average base salary for the class of 2016 was $103,299. This represents an impressive 87 percent increase from the average pre-MBA salary. The full-time track involves a formidable course load during the first year, as this is when 75 percent of students’ 49 credit hours will be completed. This creates more freedom to pursue internships and electives in the following months, though internships are generally completed during the summer.
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McCombs School of Business – University of Texas at Austin
At the McCombs School of Business, the mean starting salary for the MBA class of 2017 was a remarkable $117,068, with an average signing bonus of $28,349. A respectable 29 percent of these graduates accepted jobs in the technology field, while 21 percent secured jobs in consulting. This cohort-based program offers MBAs the opportunity to thoroughly map out their academic trajectory, so their education stays aligned with their career goals. This program is unique in that students complete one semester of required courses, and completely design their own curriculum for the remaining three semesters. Students can also design their course choices around one of seven possible concentrations.
Mays Accounting Programs Named Among Best in U.S.
The Public Accounting Report recently named the accounting program at the Texas A&M University – Mays Business School among the ten best in the United States.
The Best MBA Return on Investment in the Houston Metro
One of the top things an MBA looks for when choosing a business school is the return on investment. Return on investment, or ROI, is one of the most common profitability ratios, and an easy way to determine if an MBA is “worth” your time and money. We took a look at the Houston metro, and ranked the top business schools in the area based on their ROI, comparing average starting salaries with tuition costs. Continue reading…
