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UB MBA program advances to No. 2 in U.S. for return on investment

Alfiero Center at night.

By KEVIN MANNE

Published September 26, 2025

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Photo of Ananth Iyer.
“Earning the No. 2 spot for return on investment shows that a UB MBA delivers insights, career success and exceptional value. ”
Ananth Iyer, dean
School of Management

The School of Management is again one of the best business schools in the nation based on the return on investment it provides MBA graduates, according to Bloomberg Businessweek’s ROI calculator.

Of the 68 schools on the list, the School of Management ranked No. 2 nationally and is the only business school from the Buffalo-Niagara region to be included.

“Earning the No. 2 spot for return on investment shows that a UB MBA delivers insights, career success and exceptional value,” says Dean Ananth Iyer. “This achievement is proof that our students gain the skills and connections to accelerate their careers while making one of the smartest financial decisions in higher education.”

Bloomberg Businessweek calculates the ROI by subtracting MBA investment (tuition, interest on loans, plus forgone income) from gross return (10 years of earnings and raises over pre-MBA salary). The resulting net return is then annualized to show the compounded annual return on investment.

That percentage, 18.1 for Buffalo, means that a person would have to have an average annual market return of 18.1% over 10 years to match the UB MBA return on investment. For details and methodology, visit Bloomberg Businessweek MBA ROI.