Eli Broad College of Business graduate programs have gained credibility in national business school rankings this year, which is a source of pride and helps continue the college’s success, officials said.
The full-time masters of business administration, or MBA, program came in at 22 on the Forbes magazine ranking — ninth among public universities. The ranking is based on how quickly students recoup the cost of attending the program, taking into account salary five years after graduation minus tuition and salary lost while attending. Recouping the costs of attending takes MSU grads 3.3 years on average.
The rankings represent the quality of the college and the MBA program, said Sanjay Gupta, associate dean for MBA and professional master’s programs.
The rank is a tremendous benefit to the college, in attracting exceptional students and faculty, which continues to increase the value of the college, he said.
“It doesn’t matter where you start (great faculty or great students) but one of the metrics that is widely available and widely looked at are these rankings and they feed the whole cycle,” Gupta said.
Graduateprograms.com MSU’s graduate business programs at 16 on its list, which is compiled by surveying current students and recent graduates on several criteria that they ranked between one and 10. Only seven people responded from MSU. The Ohio State University ranked No. 1 and had only 5 responses.
It ranged the gamut of graduate business programs at MSU, which includes six master’s programs plus the MBA programs. Gupta said he’s not familiar with the website ranking, but said ranking so highly is something he’s proud of.
“This ranking validates everything that we do,” he said.
He said the high placement rate of MSU business school graduates into jobs is probably a source of satisfaction for students.
Within 90 days of graduation, more than 90 percent of graduate program students have jobs, the rate is more than 95 percent for full-time MBA students.
On the Financial Times’ Global MBA Ranking 2013, MSU came in 62 out of 155 universities in 28 countries that qualified to be ranked. The list is calculated based on a variety of factors including pre- and post-MBA salaries, global reach of the program and the gender ratio of faculty, staff and students.
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