Harvard | Mr. Google Tech
GMAT 770, GPA 2.2
Yale | Mr. Army Pilot
GMAT 650, GPA 2.90
Wharton | Mr. Senior Analyst
GMAT 750, GPA 3.2
Stanford GSB | Mr. Future VC
GMAT 750, GPA 3.6
Stanford GSB | Ms. Access To Opportunities
GRE 318, GPA 2.9
Tuck | Mr. Product Marketer
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Wharton | Ms. Finance For Good
GMAT 730, GPA 3.7
UCLA Anderson | Mr. International PM
GMAT 730, GPA 2.3
Stanford GSB | Mr. Low GPA To Stanford
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USC Marshall | Mr. Low GPA High GMAT
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London Business School | Mr. Midwest Engineer
GMAT 750, GPA 3.69
Harvard | Mr. Policy Development
GMAT 740, GPA Top 30%
Cambridge Judge Business School | Mr. Champion Swimmer
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MIT Sloan | Mr. NFL Team Analyst
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Chicago Booth | Mr. Consulting Hopeful
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Kellogg | Mr. Tech Auditor
GRE 332, GPA 3.25
NYU Stern | Mr. Washed-Up Athlete
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UCLA Anderson | Mr. Southern California
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Ross | Mr. Brazilian Sales Guy
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INSEAD | Mr. Fraud Associate
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Wharton | Ms. Project Mananger
GMAT 770, GPA 3.86
Chicago Booth | Mr. Average White Guy
GMAT 680, GPA 3.2
Stanford GSB | Mr. AIESEC Alumnus
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Kellogg | Mr. Brazilian Banker
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Harvard | Mr. Upward Trajectory
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Kenan-Flagler | Mr. Fish
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Harvard | Mr. Community Impact
GMAT 690, GPA 3.0

MBAs That Lead To The Lowest Debt

graduates

10 MBA Programs With the Lowest Debt

 

You try not to think about it. Eventually, you’ll have to face it. If you’re enrolled in business school, you’re probably wading in debt. And the higher the debt, the fewer options you ultimately have.

A recent report by the College Board found that graduate students borrowed, on average, $17,230 in Federal loans during the 2012-201 school year. And overall debt? Let’s put it this way: According to U.S. News and World Report, students who graduated from Virginia Darden, MIT Sloan, and UCLA Anderson came away with average debts of $105,490, $100,212, and $71,995, respectively.

Get the picture?

However, there are some business programs where graduates enjoy higher average starting salaries than average debt load. In fact, a few institutions have starting-salary-to-debt-load of 4-to-1 – and higher. So which schools should you attend if you’re looking for a clean slate when you re-enter the workforce?

This week, U.S. News mined their data and came up with the ten programs with the highest salary-to-debt ratio. And it starts in Baton Rouge, home of Louisiana State’s Ourso School of Business. Ranked #61 by U.S. News, LSU’s ratio is over 7-to-1, with graduates earning average salaries of $59,672 in their first year, while paying off only $8,181 in debt. In fact, the top four schools for lowest debt – Louisiana State University, Auburn University, the University of Texas-Dallas, and Texas Tech University – are all located in the south.  While their starting salaries top out at $78,107, the debt in these schools, on average, only goes as high as $15,500…the cost of a down payment on a starter home. And the University of Texas-Dallas, in particular, is popular with recruiters, making it easier to land a job in the first place.

What other schools made the list – and what are their ratios. Here is the chart, courtesy of U.S. News:

SchoolSalaryAverage DebtSalary-To-Debt RatioU.S. News Rank
Louisiana State (Ourso)$59,762$8,1817.1 to 161
Auburn University$57,169$8,5006.7 to 175
Texas-Dallas (Jindal)$78,107$15,5005.0 to 137
Texas Tech (Rawls)$52,127$12,3654.2 to 1Not ranked
University of Scranton$75,983$18,3034.2 to 1Not ranked
CUNY Baruch (Zicklin)$77,652$18,8274.1 to 175
Massachusetts (Isenberg)$82,900$20,4474.1 o 151
San Diego State$70,622$18,3203.9 to 186
Oregon (Lundquist)$61,140$16,9503.6 to 191
Brigham Young (Marriott)$95,721$27,4253.5 to 130

Keep in mind, this chart doesn’t include placement rates. However, many of these schools fare well here too. For example, 74.6% of Louisiana State graduates have jobs at graduation, with the number increasing to 90.5% within 3 months of graduation. And Texas-Dallas and Auburn report 89.6% and 81.5% placement rates within three months of graduation, respectively. The remaining Top 10 are hit-and-miss, with Texas Tech reporting a 38.9% placement rate at 3 months and Isenberg tabulating a 95% rate.

Source: U.S. News and World Report