ROI for MBA Programs: Tuition / Starting Graduate Salary – 2024

670%

Best ROI for an MBA Programs

31%

Lowest ROI for an MBA Programs

154%

Average ROI for All MBA Programs

When it comes to choosing an MBA program, it is important to understand the return on investment (ROI) that you will receive. The ROI for MBA programs is the difference between the cost of tuition and the salary you will earn after graduation. To help you determine which MBA program is right for you, it is important to compare tuition and expected salary of various programs.

100 Best MBA Programs with the Highest ROI

Rank University ROIIn State TuitionAvg. Starting SalaryStateOnline
1 Fayetteville State University 669.80% $6,900 $92,432NCYes
2 Augusta University 555.56% $6,660 $74,000GAYes
3 Humboldt State University 494.40% $9,294 $91,900CANo
4 California State University, Chico 421.77% $8,800 $74,231CANo
5 Indiana University Kokomo 412.97% $11,782 $97,313INNo
6 Georgia College & State University 376.16% $8,640 $65,000GAYes
7 Northern Arizona University 370.64% $10,480 $77,687AZNo
8 New Mexico State University 366.21% $11,851 $86,800NMYes
9 Stephen F. Austin State University 365.23% $11,270 $82,323TXYes
10 University of Central Arkansas 362.62% $10,748 $77,949ARYes
11 Tennessee State University 358.11% $9,276 $66,436TNYes
12 University of Maine 353.12% $17,338 $122,449MEYes
13 Missouri Western State University 350.17% $13,422 $94,000MOYes
14 Texas A&M University-Kingsville 349.17% $12,000 $83,800TXYes
15 The University of Texas of the Permian Basin 346.08% $11,736 $81,231TXYes
16 Texas A&M University-Commerce 344.22% $12,985 $89,393TXYes
17 Northeastern Illinois University 343.12% $13,603 $93,350ILYes
18 Columbus State University 342.94% $8,748 $60,000GAYes
19 Western Illinois University 339.98% $15,148 $103,000ILYes
20 Lamar University 338.00% $8,432 $57,000TXYes
21 Eastern Washington University 332.20% $11,439 $76,000WANo
22 Emporia State University 326.68% $11,326 $74,000KSYes
22 Clayton State University 326.01% $13,266 $86,497GANo
24 Missouri University of Science and Technology 318.85% $17,251 $110,011MONo
25 Southern Arkansas University 317.52% $11,070 $70,300ARYes
26 Troy University 316.36% $13,175 $83,360ALYes
27 University of Wisconsin-Parkside 315.88% $12,663 $80,000WINo
28 Auburn University at Montgomery 308.49% $13,907 $85,803ALYes
29 Valdosta State University 299.71% $10,677 $64,000GAYes
30 Tennessee Technological University 298.57% $13,401 $80,024TNYes
31 San Francisco State University 294.10% $16,098 $94,687CANo
32 Midwestern State University 292.31% $13,709 $80,146TXYes
32 Prairie View A&M University 292.16% $15,702 $91,750TXYes
34 Bowling Green State University 287.80% $20,500 $118,000OHNo
34 University of West Florida 287.30% $12,461 $71,600FLYes
36 The University of North Dakota 285.47% $18,391 $105,000NDYes
37 Oklahoma State University 284.62% $14,405 $82,000OKNo
38 The University of North Carolina at Pembroke 283.25% $14,563 $82,500NCYes
39 Arkansas Tech University 281.36% $11,400 $64,150ARYes
39 The University of Texas Rio Grande Valley 281.28% $17,776 $100,000TXYes
40 University of Alaska Anchorage 281.19% $14,670 $82,500AKNo
42 Youngstown State University 279.63% $13,500 $75,500OHYes
43 University of North Alabama 276.10% $13,600 $75,100ALYes
44 Southeastern Louisiana University 273.62% $13,152 $71,973LANo
45 Salisbury University 272.44% $15,600 $85,000MDYes
46 Black Hills State University 270.35% $12,946 $70,000SDYes
47 Jacksonville State University 269.62% $13,200 $71,179ALYes
48 Sonoma State University 267.87% $15,866 $85,000CANo
49 Florida State University 266.41% $18,768 $100,000FLYes
50 Northern Kentucky University 265.82% $20,691 $110,000KYYes
50 Minnesota State University, Mankato 265.20% $17,219 $91,331MNYes
52 Arkansas State University 263.96% $13,563 $71,603ARYes
52 University of Nebraska at Omaha 263.85% $14,897 $78,611NEYes
54 University of Louisiana at Monroe 261.96% $18,500 $96,925LAYes
54 Colorado Mesa University 261.55% $19,155 $100,200COYes
56 Missouri State University 260.11% $12,488 $64,964MOYes
57 University of Montana 256.37% $13,718 $70,339MTYes
58 Middle Tennessee State University 253.87% $12,748 $64,726TNYes
58 University of South Florida 253.73% $14,955 $75,892FLYes
60 Eastern Illinois University 251.16% $14,998 $75,338ILYes
61 McNeese State University 249.94% $17,004 $85,000LAYes
61 Oklahoma State University 249.03% $16,464 $82,000OKYes
63 Pittsburg State University 246.43% $12,732 $62,750KSYes
64 Radford University 242.46% $18,612 $90,255VAYes
65 University of Wisconsin-Eau Claire 239.01% $16,736 $80,000WIYes
66 Morehead State University 238.23% $17,750 $84,571KYYes
67 University of Southern Indiana 237.44% $11,783 $55,955INYes
68 Florida Gulf Coast University 236.20% $13,442 $63,500FLYes
69 University of West Georgia 234.53% $12,365 $58,000GAYes
70 The University of Rhode Island 233.82% $20,666 $96,641RINo
71 Indiana University-Purdue University Fort Wayne 231.62% $15,534 $71,960INYes
71 Indiana University South Bend 231.46% $16,106 $74,558INYes
73 North Dakota State University 229.68% $18,692 $85,865NDNo
73 Kent State University 229.11% $17,790 $81,516OHNo
75 University of South Dakota 227.82% $14,747 $67,193SDYes
76 University of New Orleans 226.55% $13,658 $61,885LAYes
76 Southeastern Oklahoma State University 226.38% $11,880 $53,789OKYes
78 Georgia Southern University 225.98% $17,530 $79,230GAYes
78 Montclair State University 225.84% $21,033 $95,000NJYes
79 Colorado State University-Pueblo 225.29% $19,963 $89,950CONo
81 Indiana University Northwest 224.99% $15,286 $68,784INYes
81 The University of Texas at Arlington 224.25% $20,144 $90,346TXNo
82 University of South Alabama 224.01% $13,950 $62,500ALNo
84 Kansas State University 223.43% $19,220 $85,887KSNo
85 Southeast Missouri State University 222.66% $11,228 $50,000MOYes
85 Texas Southern University 222.53% $14,260 $63,465TXNo
86 Western Kentucky University 222.10% $18,810 $83,553KYYes
88 Louisiana Tech University 221.14% $16,518 $73,056LAYes
89 University of Houston-Victoria 219.85% $17,133 $75,335TXYes
89 Longwood University 219.07% $20,988 $91,957VAYes
91 Indiana State University 218.54% $18,875 $82,500INNo
91 University of Alaska Fairbanks 218.32% $13,980 $61,042AKYes
93 Shippensburg University 216.73% $19,860 $86,086PAYes
94 The University of Mississippi 215.59% $24,584 $106,000MSYes
94 University of Houston-Clear Lake 215.14% $20,852 $89,723TXYes
96 State University of New York at Oswego 213.84% $24,270 $103,800NYYes
97 Western Carolina University 212.00% $16,273 $68,996NCYes
97 Kutztown University 211.25% $18,343 $77,500PAYes
99 Eastern Kentucky University 210.92% $19,800 $83,524KYYes
99 William Paterson University 210.90% $22,380 $94,400NJYes
101 Francis Marion University 209.62% $16,407 $68,784SCYes
101 Illinois State University 209.54% $16,951 $71,039ILNo
103 Henderson State University 208.96% $12,562 $52,500ARYes
103 California State University, Los Angeles 208.81% $25,068 $104,690CANo
105 Frostburg State University 203.70% $16,200 $66,000MDYes
106 University of North Carolina at Charlotte 201.88% $20,557 $83,000NCYes
106 University of Mary Washington 201.42% $22,104 $89,042VANo
108 California Polytechnic State University, San Luis Obispo 199.02% $26,505 $105,498CANo
109 University of Nebraska-Lincoln 198.69% $19,200 $76,298NEYes
110 University of Florida 197.37% $26,473 $104,500FLYes
111 Southern Illinois University Carbondale 196.21% $21,660 $85,000ILYes
112 Cleveland State University 195.93% $19,221 $75,320OHNo
112 The University of New Mexico 195.89% $21,838 $85,556NMYes
113 Abilene Christian University 195.77% $26,352 $103,177TXYes
115 Texas A&M International University 193.90% $13,409 $52,000TXNo
115 University of Toledo 193.67% $21,166 $81,983OHYes
116 SUNY University at Albany 193.15% $19,032 $73,521NYNo
118 University of Wisconsin Oshkosh 191.42% $27,427 $105,000WIYes
119 California State University, Sacramento 190.97% $25,091 $95,833CAYes
120 Jackson State University 188.42% $14,595 $55,000MSYes
120 University of Wisconsin-Whitewater 188.40% $19,440 $73,250WIYes
122 University of Idaho 187.00% $27,540 $103,000IDNo
123 Coastal Carolina University 186.92% $18,190 $68,000SCYes
124 Texas State University 185.80% $21,497 $79,884TXNo
124 Old Dominion University 185.00% $27,220 $100,715VAYes
126 Ohio University 184.82% $21,432 $79,222OHYes
126 Indiana University Southeast 184.64% $16,302 $60,200INYes
128 Kennesaw State University 183.72% $17,690 $65,000GAYes
129 Florida Southern College 182.68% $18,612 $68,000FLYes
130 Union University 181.18% $22,932 $83,098TNYes
130 South Carolina State University 181.16% $19,872 $72,000SCYes
132 North Carolina Central University 180.57% $22,844 $82,500NCNo
132 University of Arkansas at Little Rock 180.00% $16,681 $60,052ARYes
134 University of Wisconsin-River Falls 179.75% $27,816 $100,000WINo
134 The Citadel 179.42% $21,830 $78,333SCYes
135 University of Nevada, Reno 179.03% $19,000 $68,030NVYes
137 Morgan State University 178.71% $14,832 $53,014MDNo
137 University of North Florida 178.27% $19,072 $68,000FLNo
138 East Carolina University 178.08% $18,072 $64,364NCYes
140 University of Massachusetts Dartmouth 177.51% $16,965 $60,229MAYes
141 California State University, East Bay 176.69% $32,443 $114,650CANo
142 University of Houston-Downtown 175.47% $18,147 $63,686TXYes
143 San Jose State University 174.86% $31,532 $110,275CANo
144 The University of Michigan-Flint 173.42% $25,948 $90,000MIYes
145 California State Polytechnic University Pomona 172.51% $26,924 $92,891CANo
146 University of Southern Mississippi 171.55% $12,327 $42,294MSYes
146 La Salle University 171.45% $25,060 $85,933PANo
148 Central Connecticut State University 170.94% $25,696 $87,851CTNo
149 Drury University 169.40% $23,760 $80,497MOYes
149 University of Massachusetts Boston 169.03% $27,375 $92,544MAYes
151 The University of Alabama 168.07% $28,560 $96,000ALYes
152 Northern Illinois University 167.75% $25,951 $87,064ILNo
153 University of Alabama 166.90% $28,759 $96,000ALNo
153 Boise State University 166.83% $20,380 $68,000IDYes
154 Auburn University 166.54% $25,761 $85,803ALNo
155 Alabama A&M University 166.48% $18,020 $60,000ALNo
157 University of Alabama in Huntsville 164.10% $20,664 $67,820ALYes
158 Wayne State University 162.11% $31,579 $102,385MIYes
159 The University of Georgia 161.18% $32,406 $104,464GAYes
159 Marshall University 161.14% $18,928 $61,000WVYes
161 California State University, Fresno 160.40% $25,800 $82,766CANo
162 Western Washington University 159.94% $20,320 $65,000WANo
162 Appalachian State University 159.38% $17,411 $55,500NCNo
163 University of Wisconsin-Stevens Point 159.21% $26,214 $83,473WIYes
164 California State University, Stanislaus 159.07% $24,674 $78,500CAYes
166 State University of New York at New Paltz 158.70% $24,108 $76,519NYNo
166 Washburn University 158.57% $29,640 $94,000KSNo
168 University of South Florida St. Petersburg 157.50% $20,000 $63,000FLYes
169 University of North Texas 156.89% $23,013 $72,212TXYes
169 Sam Houston State University 156.24% $18,699 $58,429TXYes
171 Florida Atlantic University 155.20% $25,040 $77,725FLYes
172 California State University, Northridge 154.35% $34,194 $105,554CANo
173 Texas Tech University 153.94% $27,416 $84,406TXYes
174 Savannah State University 152.46% $20,794 $63,403GANo
175 Eastern Michigan University 151.28% $30,358 $91,853MIYes
176 Ramapo College of New Jersey 150.84% $24,694 $74,497NJYes
176 James Madison University 150.05% $29,230 $87,718VAYes
178 University of Alabama at Birmingham 149.57% $16,200 $48,462ALYes
179 Xavier University 148.17% $33,864 $100,350OHYes
180 Southern Utah University 147.95% $21,586 $63,875UTYes
180 The Pennsylvania State University at Erie The Behrend College 147.91% $26,220 $77,566PAYes
182 Central Michigan University 146.74% $23,832 $69,942MIYes
183 University of Tennessee at Martin 145.24% $17,700 $51,415TNYes
184 University of Connecticut 143.40% $35,018 $100,429CTYes
185 Washington State University 142.76% $35,024 $100,000WAYes
186 East Tennessee State University 141.64% $22,896 $64,862TNYes
187 University of South Carolina 140.63% $32,000 $90,000SCYes
187 St. Mary's University 140.06% $37,960 $106,330TXNo
188 Samford University 140.04% $34,632 $97,000ALYes
190 Clarion University of Pennsylvania 139.92% $20,298 $56,800PAYes
190 Texas Wesleyan University 139.77% $31,480 $88,000TXYes
191 The University of Tampa 139.39% $26,744 $74,558FLNo
192 Valparaiso University 139.25% $30,520 $85,000INNo
193 Bloomsburg University of Pennsylvania 139.20% $22,899 $63,750PAYes
195 Widener University 138.41% $35,344 $97,837PAYes
196 Western Connecticut State University 137.93% $24,360 $67,200CTNo
196 Ball State University 137.85% $24,120 $66,500INYes
198 The University of Texas at Dallas 136.72% $34,742 $95,000TXYes
198 University of Detroit Mercy 136.70% $26,697 $72,991MIYes
200 Oklahoma City University 135.82% $27,175 $73,817OKYes
200 University of Tennessee at Chattanooga 135.56% $20,540 $55,689TNYes
201 University of Dayton 135.30% $32,100 $86,863OHYes
202 Brigham Young University 135.28% $27,720 $75,000UTNo
204 The University of Texas at El Paso 134.84% $24,158 $65,147TXNo
205 Miami University 133.77% $36,650 $98,052OHNo
205 Utah Valley University 133.63% $23,760 $63,500UTNo
206 California State University, San Bernardino 133.33% $30,000 $80,000CAYes
208 Binghamton University 132.65% $29,400 $78,000NYNo
209 University of Kansas 131.52% $33,297 $87,584KSNo
210 Howard University 130.56% $35,016 $91,434DCNo
211 Stockton University 129.60% $29,862 $77,400NJYes
212 University of Northern Iowa 128.62% $30,435 $78,292IANo
212 California State University, Fullerton 128.08% $33,000 $84,536CAYes
213 Bradley University 128.08% $34,745 $89,000ILYes
215 State University of New York College at Brockport 126.57% $23,544 $59,600NYYes
216 University of Missouri 125.86% $30,987 $78,000MONo
216 Utah State University 125.37% $31,386 $78,700UTYes
218 St. Bonaventure University 124.78% $33,558 $83,750NYNo
218 Minnesota State University Moorhead 124.50% $22,089 $55,000MNYes
220 St. Cloud State University 123.28% $30,013 $74,000MNNo
221 University of Minnesota Duluth 122.26% $31,008 $75,818MNNo
222 Nova Southeastern University 120.30% $37,722 $90,756FLYes
222 Bryant University 120.07% $46,220 $110,995RINo
224 The University of Texas at San Antonio 118.74% $32,984 $78,332TXNo
224 University of Wisconsin-Milwaukee 118.68% $32,730 $77,687WIYes
225 Elon University 118.26% $37,921 $89,694NCNo
226 Iowa State University 118.08% $27,524 $65,000IAYes
228 Robert Morris University 117.81% $31,830 $75,000PAYes
228 University of Dallas 117.61% $37,810 $88,938TXYes
229 Lawrence Technological University 117.52% $46,800 $110,000MINo
230 Saint Joseph's University 117.09% $48,040 $112,500PAYes
232 Rockhurst University 116.19% $39,780 $92,444MONo
233 Virginia Polytechnic Institute and State University 115.41% $45,050 $103,987VAYes
233 Michigan Technological University 115.31% $34,690 $80,000MINo
235 University of Colorado Colorado Springs 114.59% $27,490 $63,000COYes
235 Colorado State University 114.41% $40,384 $92,408COYes
237 University of New Hampshire 113.55% $41,160 $93,472NHYes
237 Louisiana State University 113.45% $36,800 $83,500LANo
239 Clemson University 112.65% $39,604 $89,227SCNo
239 University of Tennessee at Knoxville 112.18% $40,114 $90,000TNNo
240 The University of North Carolina at Greensboro 112.11% $26,217 $58,783NCNo
242 University of Scranton 111.81% $34,940 $78,133PAYes
242 University of Louisville 111.74% $32,000 $71,512KYNo
243 University of Oklahoma 111.12% $34,000 $75,561OKNo
244 University of Oklahoma 111.12% $34,000 $75,561OKNo
246 Saginaw Valley State University 110.78% $25,500 $56,500MIYes
246 Rider University 110.59% $37,320 $82,544NJYes
248 University of Delaware 109.59% $38,030 $83,357DEYes
249 Oakland University 108.70% $36,984 $80,400MINo
249 John Carroll University 108.34% $31,350 $67,931OHNo

Online MBA Programs

Discover information on start dates, credit transfer processes, initial salary expectations, financial aid opportunities, GMAT requirements, tuition fees, student-to-faculty ratios, and average post-graduation employment rates.

For example, the top rated MBA program is University of Pennsylvania with an with an average in-state tuition of $74,500, an average startling salary for gradates of $146,303, giving an ROI of 98.19%.

Compare that to Fayetteville State University with an with an average in-state tuition of $6,900, an average startling salary for gradates of $92,432, giving an ROI of 669.80%.

When evaluating ROI for MBA programs, you must also consider their location and length. Programs located in large cities usually come with higher tuition and living costs while shorter programs can get you out into the job market faster. You should also consider the school’s ranking as this can affect your chances of getting accepted into a top notch program.

Overall, when choosing an MBA program it is important to understand the costs involved as well as the potential return on your investment. By comparing tuition and expected salaries of various programs, you can make an informed decision that will help you achieve your career goals.

25 Lowest Campus ROI for MBA Programs

  1. Tulane University - 30.53%
  2. Brandeis University - 30.96%
  3. New York University - 33.15%
  4. University of Miami - 34.64%
  5. American University - 36.42%
  6. University of California, Riverside - 36.52%
  7. Willamette University - 36.59%
  8. Columbia University - 36.69%
  9. Boston University - 37.26%
  10. Rochester Institute of Technology - 37.89%
  11. Yale University - 39.81%
  12. Dartmouth College - 39.96%
  13. Fordham University - 40.25%
  14. The George Washington University - 40.72%
  15. University of San Diego - 41.19%
  16. Duke University - 41.75%
  17. Syracuse University - 41.78%
  18. Vanderbilt University - 41.91%
  19. Babson College - 42.11%
  20. Emory University - 42.58%
  21. Stanford University - 42.73%
  22. University of California, Los Angeles - 43.61%
  23. Johns Hopkins University - 43.85%
  24. Pepperdine University - 44.50%
  25. Carnegie Mellon University - 44.51%

Online Leadership Programs

Discover information on start dates, credit transfer processes, initial salary expectations, financial aid opportunities, GMAT requirements, tuition fees, student-to-faculty ratios, and average post-graduation employment rates.

Review School Rankings

As you evaluate the return on investment for MBA programs, also look at school rankings. Top business schools such as Harvard Business School, Stanford Graduate School of Business, and University of Pennsylvania’s Wharton School produce graduates with higher salaries and ROI.

Each school has its own unique offerings and benefits that can help you make a decision on which school to attend. It is important to research each school’s curriculum and offerings to ensure that it fits with your career aspirations. Additionally, it is important to look at the average starting salary that graduates receive after completing the program. This can help you determine how much you will be able to earn after graduation.

When making a decision about which MBA program is best for you, it is important to evaluate the cost and ROI for each program. Make sure that you compare each school’s tuition fees with the average salary for MBA graduates from that particular school. This will help you determine if you can make a good return on your investment.

Roi For Mba Programs

ROI for MBA Programs

Average Tuition for Online for MBA Programs is $33,638 and Ranges from $6,660 and $162,991

Find an Accredited Online MBA Program

Look at Program Location and Length

Location and length are two important factors to consider when calculating the return on investment (ROI) of a particular MBA program. Where the school is located can have a large impact on the cost of living, which in turn affects the overall ROI. The length of the program also needs to be taken into account; programs that are shorter in duration tend to have higher ROI because the cost of tuition is spread out over fewer months.

When evaluating potential MBA programs, it is important to consider the cost of living in the area, as well as the length of the program and how this affects the tuition costs. For example, if you are looking at a two-year MBA program, you will need to factor in additional expenses such as housing and transportation for two years instead of just one year. The cost of living can vary drastically from city to city, so researching different locations is essential. Additionally, if you choose a program that is shorter in duration, you may be able to complete your degree faster and save on tuition costs.

It is also important to remember that location and length can have an impact on the quality of education you receive from a particular program. Schools located in major cities may have more resources available, such as access to top-tier employers or networking opportunities, which can lead to higher salaries post-graduation.

Shorter programs may not provide as much depth of knowledge as longer programs and may not offer as many valuable learning experiences. Ultimately, when evaluating potential MBA programs, it is important to consider both location and length in order to ensure that you receive the best return on your investment.

Review School Rankings

As you evaluate the return on investment for MBA programs, also look at school rankings. Top business schools such as Harvard Business School, Stanford Graduate School of Business, and University of Pennsylvania’s Wharton School produce graduates with higher salaries and ROI.

Each school has its own unique offerings and benefits that can help you make a decision on which school to attend. It is important to research each school’s curriculum and offerings to ensure that it fits with your career aspirations. Additionally, it is important to look at the average starting salary that graduates receive after completing the program. This can help you determine how much you will be able to earn after graduation.

When making a decision about which MBA program is best for you, it is important to evaluate the cost and ROI for each program. Make sure that you compare each school’s tuition fees with the average salary for MBA graduates from that particular school. This will help you determine if you can make a good return on your investment.

ROI for MBA Programs

Find Accredited MBAs

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