So you’re thinking of getting an MBA, which is arguably a ticket to faster career advancement. What Business Times reported 2 days ago may interest you:
But behind the nice wordings is the sad fact that NTU is ranked 72nd, while NUS Business School comes in rather closely at 94th.
It is interesting to note that both NUS and NTU do not feature at all in Forbes’ biennial ranking of global business schools, which quantitatively ranks the schools by the payoff that you can get. Forbes actually compares the before and after salaries of MBA graduates. The ratio of “profits” earned by graduates are divided by sum of the tuition fees and lost salaries (opportunity cost) to derive the “Ratio to Expenses”. Then, the schools are ranked by this ratio.
According to Forbes’ ranking, the best global MBA school is Switzerland’s IMD. If you study there, you will spend US$45,000 on tuition, but can expect to be “profitable” in just 2 years (i.e. 2 years to payback). The starting annual salary of fresh IMD MBA graduates is US$163,000, which includes sign on bonus and other compensation. (US$163,000 = S$240,000)
So, if you want to get an MBA, and can afford to go to Switzerland, try for IMD!