An MBA degree from a highly ranked American school can cost well over $150,000.00 in today’s market. This naturally begs the question “Is an MBA degree a cost effective investment?” Well, this depends upon what your expectations are, the nature of your job, and what is expected of you in that position.
Not all MBA degree programs are designed equally. Some programs emphasize managerial skills, while others focus on quantitative skills. Yet some programs are geared more towards developing entrepreneurial skill sets. The table below shows which top U.S. schools offer the best entrepreneurial MBA education.
Business School Rankings by The Financial Times, 2017
The way in which data is compiled by the Financial Times (FT) of the World’s Top 50 MBA’s for Entrepreneurship is not clearly stated. However, the methodology to similar rankings can be found in FT’s Ranking Methodologies.
College-USA.org has included the total cost of obtaining an MBA degree for each U.S. school on this list. We have done this in order to provide consumers a better understanding of each college’s ROI (Return on Investment).
Most of the 24 schools offer two-year MBA degrees. Only Babson College, Cornell University, Indiana University, and Northwestern University have the option for one-year MBA degrees. Indiana University, a state-supported school, maybe is your best choice if your budget is tight. On the school’s website, it clearly states that if you have had an education in business, you could finish its MBA in one year.
Please note the costs listed for each school in the table are the total costs (including tuition, room and board, books, personal expenses, insurance) to finish an MBA program for the state resident and non-resident in 2016-17 or 2017-18. The data were obtained from each school’s website.