CONTACT: GEORGE MCCRORY
100 Old Public Library
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: Oct 2, 2000
Business Week survey says UI MBA has quick return on investment
IOWA CITY, Iowa -- After students complete an MBA at the University of Iowa,
they get a quick return on their educational investment, according to a recent
survey by Business Week magazine.
As part of its biannual guide to business schools, Business Week ranked
the Henry B. Tippie School of Management's MBA program as having the third
quickest return on educational investment among the 73 U.S. business schools
in the survey.
According to the Business Week survey, it takes UI MBA graduates a median
3.7 years to recoup the cost of tuition and lost salary from the two-year
MBA program. This represents a median $70,000 salary at graduation, a 100
percent salary increase from pre-MBA levels.
The UI MBA program topped all other Big Ten programs in quickest return
on investment, including Purdue (3.8 years), Penn State and Michigan State
(both at 4.1 years) in the Big Ten.
"The costs of education at the Tippie School are extremely reasonable
-- it's a great investment. Our tuition is the lowest in the Big Ten, but
our salaries for our graduates are very competitive," said Gary Gaeth,
associate dean of MBA programs in the Tippie School of Management.
Gaeth added that the salaries of Tippie School graduates are higher this
year because of the office of MBA Career Services' stepped-up placement efforts.
The quality of placements has also increased, with companies such as Pillsbury,
Kimberly Clark, Oscar Meyer and several major banks actively recruiting UI
Overall, Business Week ranked the Tippie School MBA program among the top
50 in the nation.
See the Business Week article on returns on an MBA investment at http://www.businessweek.com:/2000/00_40/b3701023.htm
and the complete rankings at http://www.businessweek.com/bschools/00/.
For more information about the UI MBA program, see http://www.biz.uiowa.edu/mba/
or call (319) 335-1039.