Monday, April 21, 2014

Forbes Ranks Top MBAs by Satisfaction

Forbes has ranked Stanford GSB as the Business School with the happiest gradates.

Forbes surveyed 17,000 class of 2008 graduates from top 50 schools. They received over 4,600 responses.  In the survey, respondents shared “their level of satisfaction with their education, with the preparation it gave them and with their current job.”


Stanford leads the way, ranking in the top five among schools across all three levels of satisfaction. Stanford grads were the most satisfied in our two previous surveys of alumni as well. The country’s most selective b-school (acceptance rate of 7%) also topped Forbes’ ROI ranking in 2013.
 
Stanford graduates had the top paychecks with median total compensation of $221,000 five years out of school. Stanford grads are highly sought after. The top five landing spots for the Class of 2012 were consultancies Bain, the Boston Consulting Group, and McKinsey, as well as tech giants Apple and Google. These companies all rank among the top six most desirable employers for MBA.s in Universum’s annual survey (Amazon was the other firm in Universum’s top six).”
 
Haas graduates rank below Stanford overall – and even maintain a higher job satisfaction than their Palo Alto rivals. Then again, as Forbes notes, Haas grads often work for many of the same consulting and tech employers as Stanford.

Dartmouth graduates rank just behind Stanford when it comes to satisfaction with their alma mater. Not surprising, according to Forbes, as Tuck alumni’s “giving rate topped 70% participation for the third straight year in 2013, which is nearly triple the average of its peer schools.”

Despite ranking #22 overall in Forbes’ rankings, Michigan State (Broad) came in #3 when it comes to being satisfied with their education. In terms of preparation, Indiana (Kelley) ranks just below Stanford according to the class of 2008. And life is nice for Rice graduates, as Jones ranks #3 in current job satisfaction. Considering their lofty overall rankings, the University of Chicago (Booth) and Tuck both stick out for having such low job satisfaction, despite their salaries rising by $92,600 and $71,000 respectively over the past five years. Apparently, money doesn’t buy happiness.


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