New York Institute of Technology’s M.B.A. program was ranked No. 45 out of 2,523 graduate business programs in the U.S. in “The Most Popular Degree Pays Off: Ranking the Economic Value of 5,500 Business Programs at More Than 1,700 Colleges,” Georgetown University’s Center on Education and the Workforce (CEW).
In determining the economic value of a total of 5,500 undergraduate and graduate degree programs, the CEW study looked at ROI metrics, including earnings, debt payments, and earnings net of debt payments.
It used data from the 2022 U.S. Department of Education College Scorecard, which showed monthly earnings for New York Tech M.B.A. graduates of $8,000, monthly debt payments of $450, and annual earnings net of debt payments of $91,200. The latter figure places New York Tech fifth in New York State, just $1,200 less than No. 4 Fordham. The CEW’s top 3 M.B.A. programs in the state were Columbia, Cornell, and New York University.
Overall, the CEW noted: “Majoring in business typically pays off. While graduates’ earnings and federal student loan debt vary by institution and degree level, the majority of business programs lead to median earnings that are roughly 10 times graduates’ debt payments two years after program completion.”