Business Week's "Best Business Schools" Issue Ranks UB School of Management For Best Value

BUFFALO, N.Y. -- Business Week magazine has cited the full-time Master of Business Administration program in the University at Buffalo School of Management as one of the best values in the country, according to its popular "Best Business Schools" issue (October 19, 1998), which hit newsstands this week.

Published biennially, Business Week's "Best Business Schools" issue ranks the top-25 business schools in the U.S. and contains articles offering advice and information for students considering enrollment in the best MBA programs in the country.

Although not ranked in the top 25, the UB management school was one of 14 business schools named by the magazine for giving students the "best return on investment" in terms of expected salary earnings compared to the total-dollar investment required to complete the two-year MBA program.

"We're thrilled by the national recognition," said Lewis Mandell, dean of the UB School of Management. "We've always believed that our MBA program was an excellent alternative for students who can't afford the Harvards or Whartons of the world."

According to the magazine, UB MBA graduates can expect a 75 percent increase in the salary they earned prior to enrollment in the full-time program at UB and a 22 percent annual return on the $75,900 they invested to complete the program, which included two years' tuition and two years of lost earnings.

Moreover, the magazine stated that UB MBAs can expect to fully recoup their total investment in 4.8 years, which includes the two years spent in school. By comparison, MBA students at Case Western University in Cleveland, which was cited by the magazine for having the slowest return on investment, can expect to recoup their investment of $128,000 in 7.2 years.

Also this week, the magazine released on its Web site, , a ranking of the "next 25" and "third-tier" business schools. UB retained its spot in the third tier,

which ranks it as one of nation's top-61 business schools among more than 300 accredited schools.

Included within the management school's Web-site ranking is a list of UB's most popular professors, as determined by a survey of the MBA program's 1998 graduates. They are Philip Perry, associate professor of finance; Arun Jain, Samuel P. Capen Professor of Marketing Research and chair of the Department of Marketing; Frank Krystofiak, associate professor of organization and human resources; Ann Cohen, assistant professor of accounting and law, and Debra Connelly, assistant professor of organization and human resources.