Top 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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#1 in Business schools

Dartmouth College

Hanover, New Hampshire

Economic score 0.09

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 $180,970

Median earnings of all students 3 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.

#2 in Business schools

University of Pennsylvania

Philadelphia, Pennsylvania

Economic score 0.09

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 $186,790

Median earnings of all students 3 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.

#3 in Business schools

Louisiana Tech University

Ruston, Louisiana

Economic score 0.09

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 $95,978

Median earnings of all students 3 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.

#4 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 $191,597

Median earnings of all students 3 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.

#5 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 $125,427

Median earnings of all students 3 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 $33,994

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

#6 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 $102,513

Median earnings of all students 3 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 0.14

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 $130,651

Median earnings of all students 3 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.

#8 in Business schools

Yale University

New Haven, Connecticut

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 $167,455

Median earnings of all students 3 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 $58,493

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

#9 in Business schools
Economic score 0.16

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 $88,072

Median earnings of all students 3 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 $14,650

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

#10 in Business schools

Frostburg State University

Frostburg, Maryland

Economic score 0.16

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 $91,337

Median earnings of all students 3 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 $18,592

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

#11 in Business schools

James Madison University

Harrisonburg, Virginia

Economic score 0.16

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 $105,768

Median earnings of all students 3 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 0.16

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 $131,537

Median earnings of all students 3 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.

#13 in Business schools

Columbia University

New York, New York

Economic score 0.16

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 $179,305

Median earnings of all students 3 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 $72,314

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

#14 in Business schools

Boston College

Chestnut Hill, Massachusetts

Economic score 0.17

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 $137,599

Median earnings of all students 3 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 $43,037

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

#15 in Business schools
Economic score 0.17

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 $106,946

Median earnings of all students 3 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 $26,186

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

#16 in Business schools

Emory University

Atlanta, Georgia

Economic score 0.17

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 $154,242

Median earnings of all students 3 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 $60,122

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

#17 in Business schools

University of Arkansas

Fayetteville, Arkansas

Economic score 0.18

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 $123,792

Median earnings of all students 3 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.

#18 in Business schools
Economic score 0.18

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 $75,736

Median earnings of all students 3 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 $14,973

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

#19 in Business schools

University of Chicago

Chicago, Illinois

Economic score 0.18

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 $178,485

Median earnings of all students 3 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.

#20 in Business schools
Economic score 0.18

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 $87,044

Median earnings of all students 3 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.

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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

$70,093

The median master's degree in business administration graduate earns $70,093 3 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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