NEWARK, N.J., April 13, 2016 /PRNewswire-USNewswire/ -- Rutgers Business School's MBA program was ranked No. 3 in the nation for MBA employment in the latest U.S. News & World Report (2017) Best Business School Rankings.
Strong corporate connections to New York and New Jersey's top global companies helped 98 percent of Rutgers Full-Time MBA graduates obtain employment within three months of graduation. The high employment ranking contributed to Rutgers Full-Time MBA being recognized as the No. 1 Public MBA in the Tri-State area (N.Y., N.J. and Conn.).
"This historic milestone highlights the dedication and hard work of our MBA Office of Career Management and our entire MBA team, and the rising reputation of Rutgers Business School among U.S. corporations and recruiters," said Rutgers Business School Dean Lei Lei.
Many of the jobs Rutgers MBA graduates accepted were in the pharmaceutical/biotech/healthcare industry (32 percent) and consulting (21 percent), in addition to technology (12 percent), consumer products (10 percent) and financial services (9 percent). The Class of 2015 averaged over $105,000 annual compensation, providing a significant return-on-investment for their Rutgers MBA [see employment outcomes].
"We have cultivated long-term relationships with Fortune 500 firms, and these strong partnerships help employers as much as our students," said Dean Vera, director of the Rutgers MBA Office of Career Management. "We can often speak to student's qualifications beyond what the recruiter sees on a resume or cover letter. Our students have a roll-up-your-sleeves attitude when it comes to proving themselves during their summer internships," he said.
In a competitive job market, the hard work of Rutgers MBA students led to an impressive employment outcome that compared favorably among peer business schools in the Big 10.
Comparison of Big 10 Business Schools
MBA Employment 3 Months after Graduation (%)
1. Rutgers Business School: 98.3
2. University of Iowa (Tippie): 97.9
3. Ohio State University (Fisher): 95.7
4. University of Illinois (Urbana-Champaign): 94.1
5. Northwestern University (Kellogg): 93.8
6. University of Michigan (Ross): 92.1
7. Michigan State University (Broad): 90.6
8. University of Wisconsin: 89.5
9. University of Minnesota (Carlson): 89.2
10. Indiana University (Kelley): 89.1
11. Penn State University (Smeal): 86.4
12. University of Maryland (Smith): 82.4
13. Purdue University (Krannert): 80.9
14. University of Nebraska (Lincoln): N/A
Source: U.S. News & World Report, 2017 – Best Business School Rankings
Another component for success has been the active involvement of Andy Gogates, manager of Corporate Relations in the Rutgers MBA Office of Career Management, at national conferences, associations, and career fairs, including: National Association of Black MBAs, National Society of Hispanic MBAs, Asia MBA career expo, Drug Information Association, Bio International Conference, Bio New Jersey and the New Jersey Chamber of Commerce's Walk to Washington.
Rutgers Business School is also unique for having the most female students (45.9 percent) among Big 10 or Ivy League business schools. "What separates our business school from others is the community of people willing to go above and beyond to help each other," said Sharon Lydon, associate dean/executive director for Rutgers MBA Program.
Overall Rutgers Full-Time MBA program was ranked the No. 27 Public Business School in the U.S., No. 53 in Full-Time MBA programs and No. 43 for Part-Time MBA programs, according to U.S. News & World Report.
And in U.S. News & World Report's specialty rankings, Rutgers Business School's program in Supply Chain Management was ranked No. 11 for the second year in a row [read story: Graduate supply chain management program retains its prominence in U.S. News & World Report ranking].
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SOURCE Rutgers Business School