In its 2011 biennial ranking of Full-Time MBA programs, Forbes ranked Broad’s program 6th among public schools and 19th overall – up two spots from 2009.

Forbes MBA rankings are based on return on investment (ROI), meaning compensation five years after graduation minus tuition and the forgone salary during school.

“This ranking confirms that Broad MBAs are prepared to impact the success of their companies right away upon completion of the Broad MBA, contributing to their own career success as well,” says Associate Dean for MBA and Professional Master’s Programs Karyll Shaw.

The magazine surveyed the Class of 2006 and asked for their pre-MBA salaries as well as compensation figures for three of the first five years after getting their degrees. They then compared their post-MBA compensation with their opportunity cost (tuition and forgone salary while in school) and what they would have made had they stayed in their old jobs. Salary figures were adjusted to account for cost-of-living expenses, and the earnings gains were discounted using a rate tied to money market yields.