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Release: Immediate

Financial Times ranks UI MBA program among top 50 schools

IOWA CITY, Iowa -- The Financial Times of London has ranked the University of Iowa's full-time Masters of Business Administration (MBA) program as the 25th best program in North America and Europe.

The Financial Times published the rankings of the top 50 MBA programs Jan. 25. The goal of this ranking was "to determine which business schools are equipped to prepare the international managers of the 21st century," according to the Times article.

The rankings concentrated on three areas: quality of courses, diversity and research. The course sub-ranking focused heavily on the value added by an MBA program, considering factors such as salary after graduation, job placement and career progress. The diversity ranking measured the number of international and women faculty and students in the program, while the research ranking measured the quality of faculty research and quality of doctorate placements.

Gary Fethke, UI College of Business Administration, was pleased with the rankings, saying they reflected the strengths of the UI MBA program.

"We add value to our program by giving personal attention to our students. Also, our international students are a key part of what we do," Fethke said. "Our faculty produce a high volume of research, which was another factor in the rankings."

In the individual rankings, the UI MBA placed 20th in research ranking, 27th in the MBA course ranking, and 40th in diversity. Among international MBA programs evaluated, the UI was the 20th-ranked U.S. program, the fifth-highest ranked U.S. public program and the third highest rated Big Ten program, behind the Kellogg School at Northwestern University and University of Michigan.

Gary Gaeth, associate dean of MBA programs in the UI College of Business Administration, said quality job placements are another way the School of Management adds value to its MBA program.

"We've put additional resources into placement of our MBA students, which has expanded the number of quality employers interested in UI students," Gaeth said. "More companies are coming here to recruit, and we've developed excellent working relationships with major employers. We match our students' individual talents to specific job opportunities." Three months after graduation, 98 percent of the UI MBA Class of 1998 was placed in jobs. Top corporate partners are Bandag, Pillsbury, John Deere Credit, Rockwell International, Kimberly ­Clark, Procter Gamble and Sprint.

The Times also ranked the UI MBA high in terms of value for money. UI's full-time MBA tuition for two-years is $8,260 for Iowa residents, among the lowest in the Big Ten.

Daniil Reouk, an MBA student from Russia specializing in finance, said the Financial Times rankings will make the UI program more attractive to international students who want a small-school atmosphere.

"We have a low faculty-to-student ratio and have great access to the professors. There's a very high commitment to students and everyone in the School of Management works hard to help students and bring the program to this high level of excellence," Reouk said.

This is the first ranking of MBA programs by the Financial Times. Business Week recently ranked the UI MBA in the top 50 programs in the U.S.