A business major provides a high return on investment and is a perfect fit for ambitious types. Read More
Not all business degrees are created equal, unfortunately. In PayScale's College ROI Report, business majors often get good value from their education if they attend the right school. This ranking shows you the best value colleges for business majors across the nation so that you can make an educated guess of where your educational dollars will be best invested. Let's take a look at the College ROI Report for business majors to see which colleges promise the most attractive bottom lines for alumni.
A business degree from this golden university is worth its weight in gold, literally. Coming in the number one (for in-state tuition) and number three (for out-of-state tuition) spot for best value colleges for business majors on PayScale's College ROI Report is none other than University of California, Berkeley. The Golden Bears take the top spot on the list for in-state business students, with an estimated 20-Year Net ROI of $1,199,600 for students collecting financial aid ' that turns out to be a 16.3 percent net annualized return on investment. Talk about more bang for your buck. This goes to show why Berkeley's Haas School of Business has such a stellar reputation.
UC Berkeley also came in at number three on the College ROI Report for best value colleges for business majors for students paying the slightly higher out-of-state tuition. For out-of-towners who collect financial assistance, return on investment for a business major is $1,108,100 over 20 years, a net annualized ROI of 11.2 percent. If you're considering pursuing a business degree from UC Berkeley's Haas School of Business, you'll be joining the likes of Intel's Paul Otellini, Gap Inc.'s Donald Fisher, and Levi Strauss & Co.'s father-son duo Walter A. Haas Sr. and Walter A. Haas Jr., along with a plethora of notable politicians and U.S. representatives.
Which school beat out UC Berkeley for the number 2 spot on the College ROI Report for business majors? If you're going to 'lose' second place to anyone, then you probably wouldn't mind handing it over to a prestigious Ivy League school that is considered one of the oldest universities in America that invented the first general-purpose electric computer, the University of Pennsylvania (commonly referred to as Penn or UPenn). A business degree from this historic and sought-after institution not only looks impressive on your resume, but business majors can expect a 20-Year ROI of $1,189,400 and annualized return of 14.8 percent, assuming financial aid is being collected. The numbers don't look too shabby without financial assistance, either. UPenn business majors who don't use financial aid have a return on investment of $1,039,000 over 20 years, with a 9 percent net annualized ROI. The Quakers work hard, but they play hard, too. This university has some incredible long-standing traditions that are definitely worth writing home about ' like the one where students throw an estimated 20,000 to 30,000 pieces of toast on the field for home games, which dates back to Prohibition days when alcohol was banned.
Pursuing a business degree is not only versatile and applicable to nearly every industry, but, more importantly, it's a wise investment that promises healthy returns after graduation, especially if you attend one of the best value colleges for business majors listed in PayScale's College ROI Report. Consider coupling your business major with a minor that compliments your personal interests so that, after graduation, you are more equipped to pursue a career that suits your personality, or, better yet, turn your passions into a business of your own. Show Less