Often the only way to justify spending tens of thousands of dollars on business school is the promise of a high starting salary post graduation.
We took a look at our list of the 50 best business schools in the world and re-evaluated them on a ratio of starting salary to tuition to determine which schools give you the best bang for your buck. The higher the starting salary and lower the tuition and fees, the better the school fared on this ranking.
Because our ranking is globally focused, we only considered out-of-state tuition, ignoring the discount those who live close to the school may receive. Residency discounts would naturally make some schools an even better bargain for students eligible to take advantage of them.
Brigham Young University's Marriott School of Management came in No. 1 on our list, with grads going on to earn average starting salaries of $102,800, more than twice the $47,900 cost of tuition. Coming in at No. 2 is Nanyang Business School, where the cost of tuition ($39,100) is only half of what grads, on average, will make at their first jobs ($80,300).
Fourteen of the 24 schools on this list are located outside the US. One possible explanation for this strong international presence is that many of these schools offer one-year MBA programs in lieu of the standard two-year US program, minimizing tuition costs but still resulting in significant starting salaries.
Out of the 50 best business schools in the world, here are the ones that offer the most for your money.
Editing by Alex Morrell with additional research by Andy Kiersz.
SEE ALSO: The 50 best business schools in the world
SEE ALSO: The 50 best colleges in America
24. Ramon Llull University — ESADE Business School
Location: Barcelona, Spain
Average starting salary: $72,400
Program tuition and fees: $65,300
ESADE offers a bilingual — English and Spanish — graduate degree in business that provides students the flexibility to heighten their career prospects in a time frame that suits them. The customized program can be completed in 12, 15, or 18 months to allow time for other personal and professional commitments. The 12-month program provides an accelerated MBA degree, while the 18-month program leaves students time for internships, academic exchanges, and other opportunities while completing academic requirements.
23. University of Notre Dame — Mendoza College of Business
Location: Notre Dame, Indiana
Average starting salary: $108,200
Program tuition and fees: $96,600
Notre Dame's Mendoza College of Business has one of the largest alumni networks in the world, putting students in touch with a wide variety of networking opportunities and business connections. The MBA program's "interim intensive" pairs students with executives at well-known corporations to shadow and help solve real business problems. Mendoza also has a one-year accelerated MBA program for exceptional students who have an undergraduate degree in business or relevant work experience.
22. Michigan State University — Eli Broad College of Business
Location: East Lansing, Michigan
Average starting salary: $101,400
Program tuition and fees: $89,800
At Michigan State, MBA candidates aren't confined to their immediate surroundings. The globally focused curriculum draws on MSU's worldwide programs and recruitment efforts to explore how business practices vary worldwide.
Broad's class of 2015 accepted full-time positions at a multitude of influential companies, with top employers including Apple, Ernst & Young, Intel, Dell, and General Motors.
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