Bloomberg Businessweek released its “Best Graduate Business Schools of 2017” survey recently, and a New Jersey school was featured highly on its list.
Rutgers Business School in Newark was ranked No. 1 in the Northeast in placing full-time MBA students in jobs after graduation. Overall, Rutgers finished No. 2 in the nation for job placement.
Its rank in the entire survey came in at No. 50 out of 85, with a ranking index score of 58.6. No other New Jersey colleges were ranked.
Rutgers MBA graduates average $154,700 in annual compensation six to eight years into their careers, providing an 82 percent return on investment after graduation.
Dean Vera, director of the MBA Office of Career Management, said the largest industries in New Jersey, like biopharmaceuticals, health care, finance and technology, demand top talent from Rutgers.
“Our strong specializations in finance, marketing and supply chain management make our students very attractive to employers,” Vera said.
The Top 5 schools were:
- Harvard University;
- The University of Pennsylvania (Wharton);
- Massachusetts Institute of Technology (Sloan);
- The University of Chicago (Booth);
- Stanford University.
Bloomberg Businessweek has ranked the nation’s business programs since 1988. Its survey has five components, the Employer Survey (35 percent of score), Alumni Survey (30 percent), Student Survey (15 percent), Job Placement Rate (10 percent) and Starting Salary (10 percent).