The QS TopMBA.com Return on Investment report 2018 has ranked Strathclyde's Full-Time MBA 1st globally in its Payback Period category and also 1st in the UK for Salary Uplift. Strathclyde was ranked 7th globally and 2nd in Europe for Salary Uplift, with 155% increase in salary for MBA students.
The QS TopMBA.com report lists MBA courses at the world's top institutions, alongside vital information - like how much graduates can expect to earn. Using data from 235 full-time MBA programmes, the report aims to present insight to the potential ROI of these degrees. The report analyses four different metrics - 10-year Return on Investment (ROI); Payback Period; Salary Levels and Salary Uplift.
As a benchmark, 10-year ROI is used as 10 years is considered long enough to allow the MBA to have real, tangible effects and a decent understanding of the career trajectory of graduates. It also allows the many students who create their own businesses to grow them sufficiently. Payback Period looks at how long it will take candidates to recoup their tuition fees and forgone salary. The Salary Levels metric is a summary of average salary levels post-graduation from the top business schools, while Salary Uplift looks at the percentage uplift graduates can expect once they've completed the course.
QS calculates the average Payback Period - for a student to recoup their losses - to be 51 months. Strathclyde's is just 18 months - the shortest payback period on fees in the whole world which put it in top place in the Global and Europe ranking.
Strathclyde was also ranked 10th in Europe for 10-year Return on Investment with just 4 UK schools in the top ten. The average 10-year ROI in Europe is $430,447 - Strathclyde's ROI is $671,000.
Strathclyde Business School Executive Dean Professor David Hillier said, "We are delighted with these findings from QS Top MBA. We are proud of our MBA and this report shows that Strathclyde's MBA is also excellent value for money - those choosing Strathclyde have recouped their fees and are 'back in the black' months before graduates from other MBA providers. In a challenging economic climate, this is an important aspect to consider when assessing MBA providers.
"SBS is triple accredited, with very strong and impactful research. We are also a world class business school that draws on the assets of a fantastic university, and we are the Times Higher Education UK Business School of the Year. This latest report will provide excellent reading for our MBA students and applicants."