University of Iowa News Release
Oct. 8, 2004
Economist Magazine Ranks UI MBA Program 38th In Global Ranking
In its global ranking, The Economist magazine ranked the University of Iowa's MBA program 38th among the 100 best full-time MBA programs in the world.
Tippie School of Management's MBA program ranked 24th among those in the United States, eighth among public U.S. universities.
In addition to data supplied by schools in the ranking about job placement, admissions standards and alumni networks, the Economist asked 21,000 MBA students and alumni to give qualitative assessments of their MBA programs. The study surveyed each program's ability to provide its graduates with new career opportunities and foster personal development and provide educational experiences. It also examined what opportunities the MBA program gave its students to network and what impact the degree had on their salaries.
Two of the areas where the Tippie College was ranked prominently included post-graduate salary increase and faculty quality. Post-graduate salary increase measures the salary increase for alumni that have been out of the program for several years. In this area, the Tippie MBA ranked sixth in the world and first among the U.S. MBA programs. When looking at faculty quality, the program was ranked ninth in the world, and fifth in the U.S.
Gary Gaeth, associate dean of MBA programs in the Tippie School of Management, said, "The Economist conducts one of the most comprehensive media surveys of business schools world-wide. This survey monitors the opinions of our students and alumni, which makes it all the more gratifying to be listed among the top 50 programs in the world."
"The high ranking in the faculty area affirms that the Tippie College has distinguished research faculty who also excel in the classroom," Gaeth added. "Our high ranking in post-graduate salary increase demonstrates that the Tippie MBA offers a great return on investment for our graduates, who earn considerably more after completing a Tippie MBA than they did when they started the program."
Kathie Decker, director of MBA Career Services, agreed with Gaeth and added that salaries for the class of 2003 increased 44 percent from pre-MBA levels, while salaries for the class of 2004 increased 108 percent from pre-MBA levels. The median salaries were $65,000 for 2003 graduates and $72,020 for 2004 graduates.
The full ranking appears in the publication "Which MBA?" produced by the Economist Intelligence Unit, which has been surveying the views of MBA students for 16 years. Rankings are also available at http://www.which-mba.com/.
The Tippie School of Management offers three MBA programs designed to enhance professional education: a Full-Time MBA; the MBA for Professionals and Managers inn Des Moines, Cedar Rapids and the Quad Cities; and the Executive MBA, with programs in Iowa City and Des Moines. The Tippie School also offers and an International Executive MBA program in Hong Kong. The Tippie College of Business, accredited by the Association to Advance Collegiate Schools of Business (AACSB), provides instruction in a personalized setting with easy access to qualified faculty and staff, and its programs utilize the latest technology to ensure that students receive a comprehensive management education that will help them succeed in today's competitive world.
For more information about the Tippie School of Management and its programs, call (319) 335-1039 or visit its website at http://www.biz.uiowa.edu/mba/
STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.
CONTACTS: Media: George McCrory, 319-384-0012, firstname.lastname@example.org.