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Best MBA Programs

We rank the best MBA programs according to the economic return of graduating students. Our business ranking category includes more specific business degrees such as finance, accounting, marketing, and human resource management, all of which are accessible from the "additional ranking" filter.  

Our MBA rankings cover 812 of the 994 universities available, accounting for 93% of total student conferrals. Three years after completing their degree, graduates earn a weighted average salary of $68,748.

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Ranking methodology
#1 in Business schools

University of Pennsylvania

Philadelphia, Pennsylvania

Economic score 0.07

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $221,017

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $45,500

The total debt accrued by the median student at the time of graduation.

#2 in Business schools

Dartmouth College

Hanover, New Hampshire

Economic score 0.07

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $210,453

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $41,000

The total debt accrued by the median student at the time of graduation.

#3 in Business schools
Economic score 0.10

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $233,028

Median earnings of all students 4 years after graduating.

Debt to earnings 0.3

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $60,997

The total debt accrued by the median student at the time of graduation.

#4 in Business schools

Louisiana Tech University

Ruston, Louisiana

Economic score 0.10

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $99,821

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $16,228

The total debt accrued by the median student at the time of graduation.

#5 in Business schools
Economic score 0.12

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $109,908

Median earnings of all students 4 years after graduating.

Debt to earnings 0.1

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $14,650

The total debt accrued by the median student at the time of graduation.

#6 in Business schools
Economic score 0.12

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $119,953

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $20,500

The total debt accrued by the median student at the time of graduation.

#7 in Business schools
Economic score 0.12

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $143,666

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $33,994

The total debt accrued by the median student at the time of graduation.

#8 in Business schools

Columbia University

New York, New York

Economic score 0.13

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $217,887

Median earnings of all students 4 years after graduating.

Debt to earnings 0.3

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $72,314

The total debt accrued by the median student at the time of graduation.

#9 in Business schools
Economic score 0.13

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $153,852

Median earnings of all students 4 years after graduating.

Debt to earnings 0.3

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $41,000

The total debt accrued by the median student at the time of graduation.

#10 in Business schools
Economic score 0.14

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $97,481

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $18,295

The total debt accrued by the median student at the time of graduation.

#11 in Business schools

James Madison University

Harrisonburg, Virginia

Economic score 0.14

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $120,114

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $25,500

The total debt accrued by the median student at the time of graduation.

#12 in Business schools
Economic score 0.14

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $99,794

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $20,787

The total debt accrued by the median student at the time of graduation.

#13 in Business schools
Economic score 0.14

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $134,782

Median earnings of all students 4 years after graduating.

Debt to earnings 0.3

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $34,520

The total debt accrued by the median student at the time of graduation.

#14 in Business schools
Economic score 0.15

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $108,741

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $24,044

The total debt accrued by the median student at the time of graduation.

#15 in Business schools

University of Rhode Island

Kingston, Rhode Island

Economic score 0.15

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $104,958

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $21,343

The total debt accrued by the median student at the time of graduation.

#16 in Business schools

Harvard University

Cambridge, Massachusetts

Economic score 0.15

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $107,513

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $20,500

The total debt accrued by the median student at the time of graduation.

#17 in Business schools

University of Chicago

Chicago, Illinois

Economic score 0.15

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $204,813

Median earnings of all students 4 years after graduating.

Debt to earnings 0.4

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $79,808

The total debt accrued by the median student at the time of graduation.

#18 in Business schools

University of Tulsa

Tulsa, Oklahoma

Economic score 0.15

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $83,996

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $13,293

The total debt accrued by the median student at the time of graduation.

#19 in Business schools

Saint Cloud State University

Saint Cloud, Minnesota

Economic score 0.15

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $107,315

Median earnings of all students 4 years after graduating.

Debt to earnings 0.2

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $23,032

The total debt accrued by the median student at the time of graduation.

#20 in Business schools

George Mason University

Fairfax, Virginia

Economic score 0.15

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $134,789

Median earnings of all students 4 years after graduating.

Debt to earnings 0.3

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $38,071

The total debt accrued by the median student at the time of graduation.

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How long does it take to pay down debt in business administration?

Years

Under a year

The average debt accrued from a master's degree in business administration is covered by average graduate earnings in under a year.

How much do graduates with a master's degree in business administration earn?

Salary

$78,977

The median master's degree in business administration graduate earns $78,977 4 years after graduating.

How much does a master's degree in business administration cost?

Net cost

$19,953

The average annual cost of a master's degree in business administration is $19,953. This is the net cost and considers only students that have received Title IV funds.

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