Wharton Tops 2017 List Of America's Best Business Schools
The MBA class of 2012 entered the job market during uncertain times. The worst of the financial crisis was over, but unemployment was still 8.2% nationally and big banks were licking their wounds from massive losses triggered by the subprime mortgage crisis. Nonetheless, most grads from the top 25 U.S. business schools landed on their feet, with 90% securing jobs within three months of graduation.
Total compensation for those grads reached $177,000 on average last year, up 9.2% annually since graduation (before inflation). The growth rate is on par with the class of 2010 from elite programs. Both figures are well ahead of the U.S. average, which was 2.7% over the past five years, according to the Bureau of Economic Analysis.
The result: the average payback period for graduates of top 25 schools on their investment in an MBA (tuition and forgone salary) was 3.9 years, similar to two years prior (4 years). However, both are off substantially from the pre-financial crisis classes of the late 1990s, for whom the payback period averaged 2.7 years.
The University of Pennsylvania’s Wharton School ranks as…