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MBA Salary to Tuition Ratio

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What is the ROI for an MBA?

Comparing Full-time MBA Starting Salary to Total Tuition and Fees

The Georgia Tech Scheller College of Business has created an ‘MBA Salary to Tuition Ratio’ tool for evaluating top-ranked MBA programs. The ratio compares the median salary of full-time MBA program graduates to the total out-of-state tuition and fees for the two-year-program, allowing prospective students to gauge a program's cost-effectiveness. The tool can serve as a valuable indicator in assessing top-ranked programs and their potential return on investment (ROI).

If a salary to tuition ratio is high, it means that graduates typically earn a salary that is high relative to the total cost of tuition, making the program a stronger investment. On the other hand, a low ratio implies that the starting salary is not as high compared to tuition cost, indicating that the program may not offer as favorable of an ROI.

Other Factors to Consider

Aside from the MBA salary to tuition ratio, other considerations such as program reputation, desired career path, scholarships and fellowships, cost of living, and overall job market for MBA degree holders should also be taken into account. However, the salary to tuition ratio remains a useful tool in making an informed decision about your educational investment. Learn more about MBA salary increases and jobs you can get with an MBA.

Note: This table reflects 2024 U.S. News & World Report rankings, most recently published median starting salary data (if median data is not available, average salary is used), and most recently published out-of-state total tuition and fees. 

Last updated: 4/12/2024

Salary to Tuition Ratio U.S. News & World Report Ranking School Median Starting Salary Tuition and Fees (Out-of-State Total) % Received Offer
0.94 07 (Tie) Yale University

$160,000

$170,800

84.8%

1.09 12 (Tie) University of Michigan, Ann Arbor (Ross)

$170,000

$156,392

91.0%

1.02 10 (Tie) Dartmouth College (Tuck)

$175,000

$172,080

91.0%

1.07 10 (Tie) University of Virginia (Darden)

$175,000

$163,400

93.0%

1.09* 15 Cornell University (Johnson)*

$175,000*

$159,820

94.0%*

0.94 16 (Tie) Carnegie Mellon University (Tepper)

$148,000

$158,120

89.0%

0.88 20 (Tie) University of California, Los Angeles (Anderson)

$142,800

$162,496

85.0%

1.26 16 (Tie) University of Texas, Austin (McCombs)

$150,000

$119,368

86.0%

1.06* 18 (Tie) Emory University (Goizueta)*

$165,000*

$155,945

96.0%*

1.58 25 Georgia Institute of Technology (Scheller)

$140,000

$88,672

88.4%

0.98 01 (Tie) University of Pennsylvania (Wharton)

$175,000

$178,000

93.1%

0.99 03 (Tie) University of Chicago (Booth)

$175,000

$175,978

86.8%

1.00 07 (Tie) New York University (Stern)

$175,000

$175,792

86.1%

1.12 12 (Tie) Duke University (Fuqua)

$175,000

$155,850

85.0%

0.91 18 (Tie) University of Southern California (Marshall)

$138,000

$151,621

80.0%

1.00* 20 (Tie) University of North Carolina, Chapel Hill (Kenan-Flager)*

$146,779*

$146,302

89.0%*

1.10 24 Georgetown University (McDonough)

$148,000

$134,468

88.8%

1.11 20 (Tie) Indiana University (Kelley)

$129,000

$116,200

---

1.01 20 (Tie) Vanderbilt University (Owen)

$150,000

$147,984

91.0%

0.98 03 (Tie) Northwestern University (Kellogg)

$170,000

$173,456

92.0%

1.11 01 (Tie) Stanford University

$185,000

$166,476

88.0%

1.01 05 Massachusetts Institute of Technology (Sloan)

$169,550

$168,700

85.1%

1.12 06 Harvard University

$175,000

$156,004

85.0%

0.94 07 (Tie) University of California, Berkeley (Haas)

$160,000

$170,812

86.0%

0.93 12 (Tie) Columbia University

$175,000

$188,314

89.0%

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