In a victory for Michigan State University, the Broad College’s Full-Time MBA has recently been ranked among the nation’s best business schools by both Bloomberg Businessweek and Fortune Education.
In Bloomberg Businessweek’s 2022–23 Best Business Schools ranking, released in September, Broad came in at No. 13 among public schools in the United States, up six spots from 2021, and No. 35 overall.
The Broad College was also ranked highly in Fortune Education’s second annual Best MBA Programs, released in October. Broad secured a place in the top 10 among public schools, coming in at No. 10, and No. 29 overall.
“At Broad, all of our professional graduate programs are singularly focused on accelerating careers,” Richard Saouma, associate dean for MBA, EMBA and professional master’s programs, said. “The most recent rankings of our Full-Time MBA program reflect our students’ Herculean work ethic and their passion for creating value, as evidenced by their outstanding outcomes upon graduating a Spartan.”
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In Bloomberg Businessweek’s ranking, schools are also separately ranked on five component indexes — compensation, networking, learning, entrepreneurship and diversity — providing students more ways to evaluate what schools have to offer them. The Broad College was ranked No. 36 for compensation, No. 47 for diversity and No. 75 for entrepreneurship.
“We are truly appreciative that the Broad MBA’s continued work in transformational, experiential learning has been recognized,” Wayne Hutchison, managing director of the program, said. “It is a testament to both our innovative, passionate faculty and our tremendous students that we have been able to expand these opportunities year after year. We are excited to continue to improve our program; most notably, in DEI and entrepreneurship, in the future.”
The networking index has also improved for MSU over time, rising from No. 61 among U.S. schools four years ago to No. 20 in this 2022–23 ranking — a testament to the resilience of the 80,000-strong Broad Spartan alumni network. Students and alumni who completed Bloomberg Businessweek’s surveys pointed out the close-knit classes as one of the best parts of the Full-Time MBA program.
“One of the main priorities for the Broad Full-Time MBA program is to create a culture of belonging,” Andrea McHale, director of graduate admission and enrollment for the program, said. “Our MBA students form amazing bonds and networks with their peers, alumni, faculty and staff. This culture of belonging helps to generate a reciprocity mentality in our MBA alumni when engaging with current MBA students.”
As for Fortune’s Best MBA ranking, three components are part of its criteria: an Outcomes Score, which incorporates school-provided data on MBA graduates’ career outcomes; a Brand Score, measured through a Fortune-Ipsos survey of business professionals and hiring managers’ thoughts on each business school’s brand; and a Fortune 1000 score, the number of each school’s MBA alumni who are C-suite executives at Fortune 1000 companies.
With these two rankings, the Broad College and MSU are once again recognized for our programmatic strengths. Our commitment to excellence is unwavering as the Broad MBA continues to offer a highly respected degree with a strong return on investment, significant career outcomes and a built-in Spartan network.