MSU’s Broad College of Business, fresh off the announcement of a $105 million expansion, has been recognized again as a national leader in business education.
Bloomberg Businessweek recently released its 2014 biennial ranking of the best business schools, placing MSU’s Full-Time MBA program at No. 33 overall and No. 11 among public universities. This is an increase of three places over the last ranking (No. 36 and No. 14, respectively).
The ranking continues the trend of being among the top 15 public institutions nationwide in every major ranking of MBA programs. Among America’s public programs, MSU’s Full-Time MBA program has also been ranked No. 14 by U.S. News & World Report, No. 11 by Financial Times and No. 9 by Forbes.
Businessweek also ranked the Broad MBA No. 6 in average one-year return on investment. According to the magazine, graduates earn back more than 40 percent of what they spent on school within a year after graduation.
“All of us at the Broad College are delighted at this recognition of the strength of the program, the outstanding preparation graduates receive and the contributions of our faculty,” said Sanjay Gupta, acting dean. “Accomplishments like these are not possible without the hard work and dedication of many, especially the MBA program office staff and the faculty teaching in the program, who deserve our sincere appreciation.”
The ranking was based in large part on a survey of student satisfaction and on a survey of recruiter satisfaction with graduates. Faculty expertise, as measured by publication in a set of 20 business journals, was also considered as part of the methodology.
The ranking continues the momentum of the Broad college, which recently announced a $25 million challenge grant from philanthropist and MSU alumnus Eli Broad and his wife, Edythe.
The college intends to leverage the Broads’ gift to raise another $80 million through matching gifts from other donors, for a total investment of $105 million, to expand the Broad MBA and graduate programs.
A major goal is to construct a $60 million graduate pavilion to house the MBA and professional graduate programs of the Eli Broad Graduate School of Management. The facility will provide the collaborative learning spaces and the latest technology needed to launch groundbreaking initiatives in education.