COLLEGE STATION, August 16, 2007 – Mays Business School at Texas A&M University has been ranked again this year among the top 10 public schools for MBA programs in the nation, according to Forbes’ biennial ranking process. The program is listed 8th for public schools and 22nd among public and private institutions.
Mays has moved up in the rankings since Forbes’ last survey in 2005. At that time, Mays was listed 9th for public schools and 24th overall.
Forbes also lists the Mays MBA program 3rd in the country in the areas of cost, graduates’ years to payback, and graduates’ five-year gain as compared to their expenses.
Kelli Kilpatrick, director of the Mays MBA program, attributes this accomplishment to the “high quality of the faculty and staff, and the continuing strong commitment of the administration in supporting the MBA program.”
“If you do the right things, it attracts the right students, and that is reflected in the rankings,” said Kilpatrick.
The Forbes rankings are based on the students’ return on investment, meaning compensation five years after graduation minus tuition and the forgone salary during school. MBA graduates were asked about their pre-MBA salaries as well as their compensation for three of the first five years after getting their degrees. Forbes then compared the post-MBA compensation with their opportunity cost (tuition and forgone salary while in school) and what they would have made had they stayed in their old jobs.
“Our strategic plan is to focus on doing things that will help us to be consistently recognized among the top programs in the country,” said Kilpatrick. “We continue to keep our costs low and placement rates high so that our students get a quick return on their investment.”
For a complete listing of these rankings, see the Sept. 3 issue of Forbes Magazine.
Mays Business School currently enrolls more than 4,000 undergraduate students and 875 graduate students. The MBA program is highly selective, with an acceptance rate of 29.8%. Currently there are 148 MBA students in the intensive 16-month program.