Although quantifying a school’s profile certainly does not tell you everything, it can sometimes be helpful in simplifying the many differences between the various MBA programs. Each week, we bring you a chart to help you decide which of the schools’ strengths speak to you.
Funding is an important factor to consider in deciding which business school is right for you. Your MBA comes with no guarantee that you will recoup the cost of the degree in the years immediately after you graduate. In addition to paying a rather steep tuition for a top-tier education, many competitive business students incur hidden costs associated with making the right connections to advance their careers. Although MBAs tend to fare generally well in securing a pay increase post-graduation, having a solid plan for funding those two years of graduate education can make a world of difference.
The Graduate Management Admission Council (GMAC)—the organization that administers the GMAT exam—reports that 88% of business programs worldwide offer incoming students some form of tuition assistance. In its latest survey of schools, GMAC provides a breakdown of the most common types of financial assistance first-year MBA students received in 2014, which we have highlighted in the following graphics.