The Best Business Schools for Career Prospects 2012 | Financial IQ

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The Best Business Schools For Career Prospects 2012

Stanford Graduate School of Business comes out on top of the Princeton Review?s ranking of the business schools that offer students the best career prospects, as it did last year. In its just-released book, The Best 296 Business Schools, the New York-based test prep and educational services company dubs Stanford the top school in a career rating that takes into account statistical information supplied by the schools and surveys it collected from 19,000 students who attend the schools listed in its book. Since 1993, Princeton Review has put out annual business school guides. For the last nine years, the guides have ranked career prospects for graduates among its other ratings like academic experience, quality of life and best professors.

To calculate which business schools offer the best career prospects, Princeton Review used two figures reported by each school: average starting salary and percent employed three months after graduation. Then it tallied in survey results that asked students to rate their schools in six areas: the efforts of their schools to help them find employment in a tough market, the quality of their schools? placement offices, the level of the companies that recruit on campus, the opportunities for off-campus projects, internships and mentorships, the amount of career preparation they feel they are getting from their MBA programs, and the opportunity to work with mentors.

In Pictures: The Best Business Schools for Career Prospects

At Stanford, students gave the school strong ratings on the survey, though Princeton Review doesn?t break out that information in its guide. According to data reported by the school, 92% of graduates had jobs three months after graduation. The average starting salary: $127,189. Princeton Review also reports that the greatest number of Stanford graduates, 38%, go into finance, while 31% pursue consulting. The cost of tuition, room and board per year at Stanford for those who live on campus: a hefty $87,480.

The Tuck School of Business at Dartmouth ranked second in the career prospects category. The school reported that 94% of students were employed three months after graduation, at an average starting salary of $115,143. Dartmouth did not report a breakdown of where its students work, but the majority of Tuck students pursue traditional business careers like consulting and finance. The annual price tag for tuition, room and board: $72,360.

Number three on the business school career prospects list: the Kellogg School of Management at Northwestern University where 93% were employed three months after graduation and the average starting salary was $111,846. Thirty eight percent percent of Kellogg grads work in consulting,? 23% in marketing and 20% in finance. Tuition at Kellogg comes to $54,000. With room and board, the total annual cost is $72,738.

Princeton Review?s career prospects ranking is worth considering, but arguably more compelling is Forbes? own best business school ranking, which we compile every other year. The most recent came out last August, but it is still worth checking out. Instead of career prospects per se, it looks at return on investment. In other words, how much do grads get in return for the time and money they spend at business school.Forbes surveyed 16,000 alumni at more than 100 schools and heard back from 30% of those grads. Then we compared alumni earnings in the first five years after business school to opportunity cost (two years of forgone compensation, tuition and required fees) to arrive at a ?5-year M.B.A. Gain.? The top three schools in the Forbes ranking: Harvard, which comes in fourth on Princeton Review?s ranking, Stanford, and University of Chicago?s Booth School of Business, which doesn?t make it into Princeton Review?s top ten for career prospects.? Check out the Forbes ranking here.

In Pictures: The Best Business Schools for Career Prospects

Source: http://education.ahipcup.com/the-best-business-schools-for-career-prospects-2012-14/

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