December 17, 2013, 12:35 PM — For many, the biggest question regarding business school is: Is it worth the time and money?
But a better question may be: How quickly will I get a job offer?
Business school site Poets & Quants has released its 2013 job placement rankings and finds that the school with the best job placement rate is Emory University's Goizueta, which boasts that 98% of its 2013 graduates had a job offer within 3 months. The median base salary for those MBA holders was $100,000 with a $25,000 sign-on bonus.
Rounding out the Top 5:
2. Penn's Wharton ($125,000/$25,000)
3. Columbia Business School ($110,000/$30,000)
4. Ohio State's Fisher ($90,000/$18,977)
5. UNC's Kenan-Flagler ($100,000/$25,000)
No doubt, you're wondering, "Where's Harvard?" No. 18, with a 93% job placement rate. That may be not the spot Harvard was looking for, but it's great news if you're considering an MBA.
Business Insider's Max Nisen examines the argument that an MBA isn't worn the time and effort if a person doesn't get into a Top 5 institution, such as Harvard, Stanford, Wharton, etc. But he says this job placement data blows a hole in that argument.
"The argument to skip the Master's degree if you don't get into one of the most elite institutions may apply to law school, considering the job market and law's long-term prospects, but it simply doesn't hold for business school," he notes.