Rankings / Masters
Best Master's in Business
- 50
- Schools
- $79,153
- Avg. Earnings
- 80%
- Avg. Graduation
- $22,475
- Avg. Net Price
- $19,270
- Avg. Debt
CollegeRanker Research
What Surprised Us Most
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Graduate earnings span a wide band on this list, from $48,928 at the low end to $123,938 at the top. That 2.5× spread shows how much outcomes vary within a single category.
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CUNY Bernard M Baruch College offers the strongest payback. Graduates earn a median of $75,971 against $3,033 in annual net price, the best earnings-to-cost ratio in this ranking.
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Cost and quality are not at odds here. The most affordable school, CUNY Bernard M Baruch College at $3,033 a year in net price, delivers earnings of $75,971, matching or exceeding the list average.
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Completion rates separate this field: University of Pennsylvania graduates 97% of its students, well above the 80% list average. Finishing what you start matters as much as where you start.
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Debt-to-earnings ratios favor Rice University: graduates owe only 0.12× their yearly income, the most manageable debt burden on the list.
Surprising Comparisons
- The top spot belongs to CUNY Bernard M Baruch College ($75,971 earnings), not the highest earner, Babson College ($123,938). That is what weighting mobility and value over salary alone produces.
- Price and payoff diverge sharply here. CUNY Bernard M Baruch College ($3,033/yr) and Santa Clara University ($50,062/yr) produce graduates earning $75,971 and $109,183 respectively, a far narrower earnings gap than the $47,029 cost difference would suggest.
- On a cost-adjusted basis, CUNY Bernard M Baruch College outperforms Babson College: similar career earnings at a much lower net price.
The Takeaway
The through line among the top-ranked schools is plain. They pair solid graduate earnings with affordable costs and meaningful social mobility. Prestige and selectivity matter far less than whether students end up better off.
What This Means for Students
Your shortlist should start with CUNY Bernard M Baruch College and University of Pennsylvania. For each school, look up the net price your family would actually pay, weigh it against typical graduate earnings, and build the decision around the return instead of the name recognition.
Why this ranking matters
Business is one of the higher-return fields in the economy, but the payoff depends heavily on where you study it. Graduates of these programs earn a median of about $76K within a decade, and management analyst roles are projected to grow 10%. We rank programs by the outcomes they produce for graduates, not by reputation.
How we measure this — full methodology →How we rank · 4 pillars
Federal-source data only. Build your own weighting →
Data Behind This Page Updated 2026-06-15
Source datasets
Methodology
Schools are scored on the CollegeRanker 4-Pillar Algorithm: Economic Outcomes (30%), Social Mobility (25–35%), Academic Quality (15–20%), and Value (20–25%). Every weight is published and every figure traces to a public dataset.
See the full methodology and weights →Confidence notes
- Earnings, completion, and debt figures come from federal administrative records — tax data and student-aid filings — not surveys or self-reports, the highest-confidence tier of education data available.
- Social-mobility estimates are drawn from de-identified tax records covering more than 30 million students (Opportunity Insights).
- Where an institution is missing a metric, it is excluded from that metric rather than imputed, so averages are never inflated by guesses.
Limitations
- Federal earnings data primarily cover students who received federal financial aid; outcomes for non-aided students may differ.
- Earnings are measured roughly ten years after enrollment, so they describe how earlier cohorts fared — historical outcomes, not guarantees of future results.
- An institution's field-of-study mix affects raw earnings; scores reflect measured outcomes and are not fully major-adjusted unless explicitly noted.
- Net price is an average; the actual cost a given student pays varies widely by family income.
At a Glance
How the Top Schools Compare
| School | Earnings | Net Price | Graduation | Score |
|---|---|---|---|---|
| 1 CUNY Bernard M Baruch College #1 overall | $75,971 ▼ -4% vs avg | $3,033 | 72% | 94 |
| 2 Washington and Lee University #2 overall | $94,810 ▲ +20% vs avg | $23,781 | 94% | 92 |
| 3 Babson College #3 overall | $123,938 ▲ +57% vs avg | $40,514 | 93% | 91 |
| $99,980 ▲ +26% vs avg | $26,780 | 96% | 89 | |
| $68,726 ▼ -13% vs avg | $13,936 | 89% | 89 |
Score uses our 4-pillar methodology. Earnings % is vs. this list's average.
See full ranking →Executive Summary
Best Master's in Business
This analysis ranks 50 institutions on graduate earnings, social mobility, completion, and cost. Across the list, alumni earn a median of $79,153 ten years after enrolling, against an average graduation rate of 80% and an average net price of $22,475.
Key takeaways
- Strongest Earnings-to-Cost Ratio: CUNY Bernard M Baruch College — Net Price: $3,033 | Graduation Rate: 72%
- Strongest Completion Outcomes: University of Pennsylvania — 97% completion rate
- Highest Earnings Generator: Babson College — Median alumni earnings: $123,938
Data Insight
The most expensive quartile of colleges costs 373% more than the most affordable — but their graduates earn just 34% more.
Management Education Analysis
What does this ranking tell us about leadership and management education?
$76,075
Median earnings (10yr)
86%
Median graduation rate
$22,020
Median net price
2.2%
Avg. mobility rate
Management education makes a blunt promise: pay now, earn more later. Top-tier programs keep that promise through network effects and placement outcomes. Many others raise earnings barely enough to cover their cost. The spread in outcomes across programs is wider here than in almost any other discipline.
The median graduation rate across these 50 schools is 86%. Median graduate earnings reach $76,075 ten years after enrollment, roughly $28,075 more than the national worker average of $48,000. Average net price, the cost after grants, is $22,020 a year, and median federal debt at graduation is about $19,331. Some 22% of students receive Pell grants, and mobility, the share of low-income students who reach the top quintile, averages 2.2%.
In management education, network effects amplify everything. Graduates earn a median of $76,075 ten years after enrollment, and CUNY Bernard M Baruch College leads the field. The gap between the top and the middle is wide enough that school selection may be the most consequential financial decision in this category.
The podium
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Full rankings
Why it ranks #1
CUNY Bernard M Baruch College lands at #1 with a 94/100 composite, led by value per dollar (90/100) and pulled down by academic quality (73/100). Graduates earn a median $75,971 a decade after enrolling, 4% below this list's average, and net price runs $3,033 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that low cost is what puts it near the top, even with below-average salaries.
Pillar breakdown
Why it ranks #2
Washington and Lee University lands at #2 with a 92/100 composite, led by academic quality (89/100) and pulled down by value per dollar (74/100). Graduates earn a median $94,810 a decade after enrolling, 20% above this list's average, and net price runs $23,781 a year. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #3
Babson College lands at #3 with a 91/100 composite, led by academic quality (96/100) and pulled down by value per dollar (42/100). Graduates earn a median $123,938 a decade after enrolling, 57% above this list's average, and net price runs $40,514 a year, above the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #4
University of Notre Dame lands at #4 with a 89/100 composite, led by economic outcomes (85/100) and pulled down by value per dollar (65/100). Graduates earn a median $99,980 a decade after enrolling, 26% above this list's average, and net price runs $26,780 a year, above the field. Strong earnings drive the rank, but with mobility weighted 35% and value 20%, salary alone can only take a school so far.
Pillar breakdown
Why it ranks #5
University of Georgia lands at #5 with a 89/100 composite, led by social mobility (80/100) and pulled down by value per dollar (73/100). Graduates earn a median $68,726 a decade after enrolling, 13% below this list's average, and net price runs $13,936 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what puts it near the top, even with below-average salaries.
Pillar breakdown
Why it ranks #6
CUNY Brooklyn College lands at #6 with a 89/100 composite, led by value per dollar (91/100) and pulled down by academic quality (63/100). Graduates earn a median $60,752 a decade after enrolling, 23% below this list's average, and net price runs $3,103 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that low cost is what puts it near the top, even with below-average salaries.
Pillar breakdown
Why it ranks #7
Fashion Institute of Technology lands at #7 with a 89/100 composite, led by academic quality (90/100) and pulled down by value per dollar (65/100). Graduates earn a median $62,696 a decade after enrolling, 21% below this list's average, and net price runs $19,095 a year, well under the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #8
Bentley University lands at #8 with a 88/100 composite, led by economic outcomes (90/100) and pulled down by value per dollar (41/100). Graduates earn a median $120,959 a decade after enrolling, 53% above this list's average, and net price runs $37,930 a year, above the field. Strong earnings drive the rank, but with mobility weighted 35% and value 20%, salary alone can only take a school so far.
Pillar breakdown
Why it ranks #9
Emory University lands at #9 with a 88/100 composite, led by social mobility (82/100) and pulled down by value per dollar (70/100). Graduates earn a median $80,137 a decade after enrolling, 1% above this list's average, and net price runs $22,585 a year. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what puts it near the top.
Pillar breakdown
Why it ranks #10
Cornell University lands at #10 with a 87/100 composite, led by academic quality (93/100) and pulled down by value per dollar (72/100). Graduates earn a median $104,043 a decade after enrolling, 31% above this list's average, and net price runs $28,690 a year, above the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #11
University of Richmond lands at #11 with a 87/100 composite, led by academic quality (83/100) and pulled down by value per dollar (55/100). Graduates earn a median $76,178 a decade after enrolling, 4% below this list's average, and net price runs $31,309 a year, above the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #12
San Jose State University lands at #12 with a 87/100 composite, led by social mobility (84/100) and pulled down by academic quality (71/100). Graduates earn a median $78,988 a decade after enrolling, 0% above this list's average, and net price runs $13,760 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list.
Pillar breakdown
Why it ranks #13
Saint Johns University lands at #13 with a 87/100 composite, led by social mobility (87/100) and pulled down by value per dollar (53/100). Graduates earn a median $76,786 a decade after enrolling, 3% below this list's average, and net price runs $25,672 a year, above the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #14
Brigham Young University-Idaho lands at #14 with a 86/100 composite, led by value per dollar (83/100) and pulled down by academic quality (67/100). Graduates earn a median $53,406 a decade after enrolling, 33% below this list's average, and net price runs $8,221 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that low cost is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #15
Florida State University lands at #15 with a 86/100 composite, led by social mobility (80/100) and pulled down by economic outcomes (71/100). Graduates earn a median $61,675 a decade after enrolling, 22% below this list's average, and net price runs $11,297 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #16
Santa Clara University lands at #16 with a 86/100 composite, led by academic quality (87/100) and pulled down by value per dollar (35/100). Graduates earn a median $109,183 a decade after enrolling, 38% above this list's average, and net price runs $50,062 a year, above the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #17
Boston College lands at #17 with a 86/100 composite, led by economic outcomes (87/100) and pulled down by value per dollar (57/100). Graduates earn a median $103,937 a decade after enrolling, 31% above this list's average, and net price runs $41,704 a year, above the field. Strong earnings drive the rank, but with mobility weighted 35% and value 20%, salary alone can only take a school so far.
Pillar breakdown
Why it ranks #18
University of Florida lands at #18 with a 86/100 composite, led by value per dollar (86/100) and pulled down by economic outcomes (76/100). Graduates earn a median $71,588 a decade after enrolling, 10% below this list's average, and net price runs $6,541 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that low cost is what carries it up the list, even with below-average salaries.
Pillar breakdown
Blacksburg, VA · 55% accepted · $24,953 net
Why it ranks #19
Virginia Polytechnic Institute and State University lands at #19 with a 86/100 composite, led by social mobility (81/100) and pulled down by value per dollar (59/100). Graduates earn a median $81,698 a decade after enrolling, 3% above this list's average, and net price runs $24,953 a year, above the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list.
Pillar breakdown
Why it ranks #20
Trinity University lands at #20 with a 86/100 composite, led by academic quality (85/100) and pulled down by value per dollar (58/100). Graduates earn a median $71,668 a decade after enrolling, 9% below this list's average, and net price runs $23,464 a year. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #21
Ramapo College of New Jersey lands at #21 with a 86/100 composite, led by academic quality (82/100) and pulled down by value per dollar (65/100). Graduates earn a median $67,541 a decade after enrolling, 15% below this list's average, and net price runs $18,173 a year, well under the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #22
University of Southern California lands at #22 with a 85/100 composite, led by economic outcomes (82/100) and pulled down by value per dollar (57/100). Graduates earn a median $92,498 a decade after enrolling, 17% above this list's average, and net price runs $32,740 a year, above the field. Strong earnings drive the rank, but with mobility weighted 35% and value 20%, salary alone can only take a school so far.
Pillar breakdown
Why it ranks #23
Texas Christian University lands at #23 with a 85/100 composite, led by academic quality (89/100) and pulled down by value per dollar (48/100). Graduates earn a median $68,424 a decade after enrolling, 14% below this list's average, and net price runs $36,660 a year, above the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #24
Georgetown University lands at #24 with a 85/100 composite, led by economic outcomes (88/100) and pulled down by value per dollar (61/100). Graduates earn a median $103,494 a decade after enrolling, 31% above this list's average, and net price runs $40,815 a year, above the field. Strong earnings drive the rank, but with mobility weighted 35% and value 20%, salary alone can only take a school so far.
Pillar breakdown
Why it ranks #25
Loyola University Maryland lands at #25 with a 85/100 composite, led by academic quality (85/100) and pulled down by value per dollar (42/100). Graduates earn a median $82,652 a decade after enrolling, 4% above this list's average, and net price runs $30,574 a year, above the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #26
University of San Diego lands at #26 with a 85/100 composite, led by social mobility (82/100) and pulled down by value per dollar (52/100). Graduates earn a median $86,522 a decade after enrolling, 9% above this list's average, and net price runs $30,365 a year, above the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list.
Pillar breakdown
Atlanta, GA · 14% accepted · $12,116 net
Why it ranks #27
Georgia Institute of Technology-Main Campus lands at #27 with a 85/100 composite, led by academic quality (87/100) and pulled down by value per dollar (74/100). Graduates earn a median $102,772 a decade after enrolling, 30% above this list's average, and net price runs $12,116 a year, well under the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #28
Florida Atlantic University lands at #28 with a 85/100 composite, led by social mobility (81/100) and pulled down by economic outcomes (69/100). Graduates earn a median $56,746 a decade after enrolling, 28% below this list's average, and net price runs $8,752 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #29
Fort Hays State University lands at #29 with a 85/100 composite, led by social mobility (88/100) and pulled down by academic quality (63/100). Graduates earn a median $48,928 a decade after enrolling, 38% below this list's average, and net price runs $12,569 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #30
Brigham Young University lands at #30 with a 85/100 composite, led by social mobility (84/100) and pulled down by value per dollar (75/100). Graduates earn a median $75,790 a decade after enrolling, 4% below this list's average, and net price runs $15,564 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #31
Wake Forest University lands at #31 with a 85/100 composite, led by social mobility (80/100) and pulled down by value per dollar (65/100). Graduates earn a median $78,158 a decade after enrolling, 1% below this list's average, and net price runs $28,719 a year, above the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #32
Christian Brothers University lands at #32 with a 85/100 composite, led by social mobility (80/100) and pulled down by economic outcomes (64/100). Graduates earn a median $57,478 a decade after enrolling, 27% below this list's average, and net price runs $9,854 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #33
William Jewell College lands at #33 with a 85/100 composite, led by social mobility (84/100) and pulled down by value per dollar (58/100). Graduates earn a median $59,268 a decade after enrolling, 25% below this list's average, and net price runs $17,562 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Chapel Hill, NC · 15% accepted · $11,655 net
Why it ranks #34
University of North Carolina at Chapel Hill lands at #34 with a 85/100 composite, led by academic quality (85/100) and pulled down by economic outcomes (77/100). Graduates earn a median $72,200 a decade after enrolling, 9% below this list's average, and net price runs $11,655 a year, well under the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #35
Rice University lands at #35 with a 85/100 composite, led by academic quality (84/100) and pulled down by value per dollar (81/100). Graduates earn a median $89,718 a decade after enrolling, 13% above this list's average, and net price runs $13,370 a year, well under the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #36
University of Pennsylvania lands at #36 with a 84/100 composite, led by economic outcomes (90/100) and pulled down by value per dollar (74/100). Graduates earn a median $111,371 a decade after enrolling, 41% above this list's average, and net price runs $28,699 a year, above the field. Strong earnings drive the rank, but with mobility weighted 35% and value 20%, salary alone can only take a school so far.
Pillar breakdown
Why it ranks #37
The University of Texas Permian Basin lands at #37 with a 84/100 composite, led by social mobility (84/100) and pulled down by academic quality (65/100). Graduates earn a median $56,073 a decade after enrolling, 29% below this list's average, and net price runs $12,723 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #38
Lehigh University lands at #38 with a 84/100 composite, led by economic outcomes (86/100) and pulled down by value per dollar (47/100). Graduates earn a median $105,584 a decade after enrolling, 33% above this list's average, and net price runs $36,931 a year, above the field. Strong earnings drive the rank, but with mobility weighted 35% and value 20%, salary alone can only take a school so far.
Pillar breakdown
Why it ranks #39
Gonzaga University lands at #39 with a 84/100 composite, led by social mobility (81/100) and pulled down by value per dollar (44/100). Graduates earn a median $78,892 a decade after enrolling, 0% above this list's average, and net price runs $35,119 a year, above the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list.
Pillar breakdown
Why it ranks #40
Northeastern University lands at #40 with a 84/100 composite, led by economic outcomes (81/100) and pulled down by value per dollar (64/100). Graduates earn a median $92,538 a decade after enrolling, 17% above this list's average, and net price runs $30,915 a year, above the field. Strong earnings drive the rank, but with mobility weighted 35% and value 20%, salary alone can only take a school so far.
Pillar breakdown
Why it ranks #41
Washington University in St Louis lands at #41 with a 84/100 composite, led by academic quality (83/100) and pulled down by value per dollar (76/100). Graduates earn a median $86,182 a decade after enrolling, 9% above this list's average, and net price runs $21,786 a year. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #42
Trevecca Nazarene University lands at #42 with a 84/100 composite, led by social mobility (83/100) and pulled down by value per dollar (61/100). Graduates earn a median $49,378 a decade after enrolling, 38% below this list's average, and net price runs $16,813 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #43
University of Mississippi lands at #43 with a 84/100 composite, led by social mobility (77/100) and pulled down by economic outcomes (66/100). Graduates earn a median $50,994 a decade after enrolling, 36% below this list's average, and net price runs $13,314 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #44
San Diego State University lands at #44 with a 84/100 composite, led by social mobility (82/100) and pulled down by academic quality (62/100). Graduates earn a median $64,909 a decade after enrolling, 18% below this list's average, and net price runs $15,364 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #45
Wofford College lands at #45 with a 84/100 composite, led by social mobility (81/100) and pulled down by value per dollar (62/100). Graduates earn a median $68,964 a decade after enrolling, 13% below this list's average, and net price runs $18,732 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #46
University of Denver lands at #46 with a 84/100 composite, led by social mobility (82/100) and pulled down by value per dollar (46/100). Graduates earn a median $71,155 a decade after enrolling, 10% below this list's average, and net price runs $36,131 a year, above the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #47
North Park University lands at #47 with a 84/100 composite, led by social mobility (85/100) and pulled down by value per dollar (56/100). Graduates earn a median $59,572 a decade after enrolling, 25% below this list's average, and net price runs $16,948 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #48
University of North Florida lands at #48 with a 84/100 composite, led by social mobility (82/100) and pulled down by economic outcomes (70/100). Graduates earn a median $56,343 a decade after enrolling, 29% below this list's average, and net price runs $10,154 a year, well under the field. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Why it ranks #49
Carnegie Mellon University lands at #49 with a 84/100 composite, led by academic quality (90/100) and pulled down by value per dollar (57/100). Graduates earn a median $114,862 a decade after enrolling, 45% above this list's average, and net price runs $31,944 a year, above the field. Academics score well here, yet mobility (35%) and value (20%) carry the most weight, so outcome-per-dollar sets the final position.
Pillar breakdown
Why it ranks #50
Clemson University lands at #50 with a 83/100 composite, led by social mobility (79/100) and pulled down by value per dollar (60/100). Graduates earn a median $71,513 a decade after enrolling, 10% below this list's average, and net price runs $22,253 a year. Because the methodology weights social mobility (35%) and value (20%) above prestige, that mobility is what carries it up the list, even with below-average salaries.
Pillar breakdown
Cut it by what you care about
The same 50 schools, re-ranked by the outcome that matters to you.
Where the programs — and the jobs are
Top states on this list
Where these graduates work
Graduates of these programs most often become Management Analysts and related roles — a field with $99,410 median pay and 10% projected growth.
See the Management Analyst career guide →Choosing the right master's program in business is a significant decision. With so many options available, it's essential to find a school that not only provides a solid education but also leads to favorable career outcomes. The average earnings for graduates from the top programs listed here is $80,956, a figure that speaks volumes about their potential return on investment.
What sets these programs apart is their focus on key metrics like graduate earnings, student mobility, debt levels, and completion rates. When evaluating the schools below, consider how these factors align with your own goals. For instance, a high graduation rate often indicates strong support for students, while lower debt levels can ease the financial burden post-graduation.
Take CUNY Bernard M Baruch College and Babson College as examples. Baruch graduates earn an average of $75,971 with a net price of just $3,033, while Babson's graduates earn significantly more, at $123,938, but face a higher net price of $40,514. This contrast highlights the tradeoff between cost and potential earnings, prompting important questions about your own financial situation and career aspirations.
The story behind the ranking
A ranking gives you an order; these charts give you the shape. They show how this group of schools spreads across the four things that decide whether a degree pays off — what graduates earn, whether they finish, how far they move up, and what it costs. Look for the standouts, the outliers, and the trade-offs the list alone can't show.
Earnings Outcomes
What graduates earn 10 years after enrolling. Data from College Scorecard.
Distribution of Median Earnings
Earnings vs. Net Price
Top-left = best value. Top-ranked schools are highlighted.
Completion & Access
Graduation rates and who gets in. Data from College Scorecard & IPEDS.
Graduation Rates
Pell Grant Rate vs. Graduation Rate
Right = more low-income students. Higher = more graduate.
What the Mobility Data Says
The backbone of this ranking is social-mobility data from Raj Chetty's Mobility Report Card, which draws on more than 30 million tax records. A school's mobility rate is the share of its students who move from the bottom income quintile to the top. Among the 50 schools on this list with available data, that rate averages 2.2%. CUNY Bernard M Baruch College leads the group at 12.9%, with CUNY Brooklyn College (8.1%) and San Jose State University (5.4%) close behind.
Who gets in matters as much as what happens after. Across these schools, an average of 5.7% of students start in the bottom income quintile. CUNY Bernard M Baruch College leads at 27.6%, which signals an admissions door that is actually open to low-income students. Schools that pair high access with high mobility are the ones driving generational change.
Once low-income students enroll, their odds of reaching the top income quintile average 39.4% across this list. Babson College posts the highest success rate at 68.2%. Access without completion and career momentum is an incomplete picture, and this is the number that completes it.
Social capital, measured by economic connectedness, captures the degree of cross-class friendship on campus, another dimension Opportunity Insights ties to long-run outcomes. Across these schools it averages 1.74 against a national benchmark of 1.0. Boston College reaches 1.89, the highest on the list.
Mobility, access, and social-capital figures from Raj Chetty's Mobility Report Card & the Opportunity Insights Social Capital Atlas.
Cost & Debt
What families actually pay and what students owe. Data from College Scorecard.
Median Debt at Graduation
Where These Schools Are Located
A closer look reveals interesting dynamics among the top schools. For instance, while Babson College boasts the highest average earnings at $123,938, its net price of $40,514 is significantly higher than CUNY Bernard M Baruch College's $3,033. This disparity suggests that while Babson may offer higher earning potential, it also requires a more substantial financial commitment, which could affect students' long-term financial stability.
As you consider your options, think about what matters most to you. Are you willing to take on more debt for the chance of higher earnings? Or would you prefer a more affordable program that still offers solid outcomes? Evaluate each school's metrics against your priorities, such as location, campus culture, and program fit. Finding the right balance will be key to making a decision that aligns with your personal and professional goals.
Ultimately, the data underscores a critical truth: the path from a master's program to a stable life is influenced by both educational choices and financial realities. Each family's situation is unique, but informed decisions based on solid data can lead to more favorable outcomes. With careful consideration and a clear understanding of what these numbers represent, you're better equipped to make a choice that will affect your future.
Data Sources
U.S. Dept of Education College Scorecard
Opportunity Insights Mobility Report Card
Social Capital Atlas
Times Higher Education World Rankings
NCES IPEDS
Frequently Asked Questions
Best Master's in Business: Your Questions, Answered
What is the #1 school in the Best Master's in Business ranking? +
CUNY Bernard M Baruch College in New York, NY ranks #1 in our 2026 Best Master's in Business ranking. It earns the top spot on the strength of a median $75,971 in graduate earnings ten years after enrollment and a 72% graduation rate. Our score is built entirely from federal data on graduation rates, graduate earnings, debt, and social mobility. Reputation surveys play no part.
Which school has the highest graduate earnings? +
Babson College posts the highest median earnings on this list: $123,938 ten years after enrollment, well above the $79,153 average across the 50 ranked schools with earnings data. Earnings that outpace cost are what separate a degree that pays off from one that does not.
Which school offers the best value? +
On a pure return-on-cost basis, CUNY Bernard M Baruch College leads: graduates earn a median $75,971 against net price of about $3,033 a year, the strongest earnings-to-cost ratio in the ranking. Applicants should weigh that payback against sticker price rather than prestige.
Which school has the highest graduation rate? +
University of Pennsylvania has the highest graduation rate in this ranking at 97%, compared with a 80% average across the list. Completion matters because the students who finish are the ones who actually capture the earnings and mobility gains a degree promises.
How much does it cost to attend these schools? +
The average net price, meaning what students actually pay after grants and scholarships, is about $22,475 a year across the 50 ranked schools with cost data. CUNY Bernard M Baruch College is among the most affordable at roughly $3,033. Net price is a far better guide to affordability than the published sticker price.
How is the Best Master's in Business ranking calculated? +
We score every school on a four-pillar algorithm: economic outcomes (graduate earnings and debt), social mobility (Raj Chetty's Mobility Report Card, built on more than 30 million anonymized tax records), academic quality (graduation and retention), and value (net price and loan burden). Social mobility carries the heaviest weight, so schools that lift low-income students into higher earnings rank above those that simply admit wealthy students. Every input comes from federal data, and schools that withhold their numbers are scored lower for it.
How many schools are ranked and where does the data come from? +
This ranking evaluates 50 institutions using the U.S. Department of Education's College Scorecard, the Opportunity Insights Mobility Report Card and Social Capital Atlas, Times Higher Education, and NCES IPEDS. There are no opinion surveys or paid placements. The order is determined by the data alone and refreshed as new federal figures are released.
Sources & Citations
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