BOCA RATON, Fla., Dec. 2, 2015 /PRNewswire-USNewswire/ -- The MBA program at Florida Atlantic University's College of Business ranks fifth in the United States in terms of a student's return on investment (ROI), with one of the nation's highest average salary-to-debt ratios after getting a master's degree, according to the new best business school rankings published by SoFi, a San Francisco-based marketplace lender.
Students that earn their MBA at FAU have an average salary of $104,820 and an average debt of $45,573, just behind Stanford University, ranked at No. 4, and ahead of Texas A&M at No. 6 in SoFi's ranking. Other colleges in Florida on this list include the University of Central Florida at No. 11 and the University of Florida at No. 15. New York Institute of Technology topped the list.
"In the College of Business at FAU, we are focused on providing first-rate programs that provide excellent value for our students," said Daniel Gropper, Ph.D., dean of the FAU College of Business. "Our faculty and staff deliver high quality programs that give our graduates a good return on their educational investment, and I am pleased to see FAU recognized among the top MBA programs."
SoFi analyzed more than 240,000 student loan refinancing applications over a 21-month period (January 2014 to September 2015) to create the first-ever Return on Education MBA Rankings grounded in verified income and debt - not just reported figures. Specifically looking at MBA programs, SoFi examined data from more than 50,000 students, including only those where at least 20 students had applied for refinancing through their website.
According to the SoFi website, "this represents the most objective, factually accurate and defensible data that can't be found or replicated anywhere else."
FAU offers several routes for students to obtain a master's degree in business administration, including the executive MBA, online MBA, professional MBA, professional MBA in hospitality management, professional MBA in sport management and the flexible MBA.
This recognition follows Bloomberg Businessweek's recent ranking of FAU's part-time MBA program, and the national ranking of FAU's online graduate business programs in U.S. News & World Report's Best Business Schools, as well as the College's sport management MBA, which ranks sixth internationally and fifth in North America by SportBusiness International.
About Florida Atlantic University
Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University, with an annual economic impact of $6.3 billion, serves more than 30,000 undergraduate and graduate students at sites throughout its six-county service region in southeast Florida. FAU's world-class teaching and research faculty serves students through 10 colleges: the Dorothy F. Schmidt College of Arts and Letters, the College of Business, the College for Design and Social Inquiry, the College of Education, the College of Engineering and Computer Science, the Graduate College, the Harriet L. Wilkes Honors College, the Charles E. Schmidt College of Medicine, the Christine E. Lynn College of Nursing and the Charles E. Schmidt College of Science. FAU is ranked as a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. The University is placing special focus on the rapid development of critical areas that form the basis of its strategic plan: Healthy aging, biotech, coastal and marine issues, neuroscience, regenerative medicine, informatics, lifespan and the environment. These areas provide opportunities for faculty and students to build upon FAU's existing strengths in research and scholarship. For more information, visit www.fau.edu.
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SOURCE Florida Atlantic University