SCHOLARSHIP ROI AT P&Q RANKED BUSINESS SCHOOLS
This table shows the estimated five-year ROI after scholarships/grants in both dollars and percent for all 104 business school programs ranked by Poets&Quants in 2025.
ROI ($) is calculated by taking the average first-year salary of 2024 graduates multiplied over five years and subtracting the adjusted total cost of the degree over four years after subtracting average scholarships. ROI (%) is calculated by subtracting total adjusted cost from total salary and dividing by total cost. (For schools that did not report scholarship data, we presented their early-career ROI without that data factored in.)
Scholarship ROIs For P&Q Ranked Business Schools |
|||||||
2025 Rank |
School |
% Receiving Scholarship |
Average Scholarship (4-Year) |
Adjusted Cost |
Total Salary (5-year) |
ROI $ |
ROI % |
| 11 | University of Michigan (Ross) | 59.0% | $73,920 | $118,137 | $472,090 | $353,953 | 299.6% |
| 9 | University of North Carolina (Kenan-Flagler) | 49.6% | $55,556 | $72,698 | $424,726 | $352,027 | 484.2% |
| 4 | University of Virginia (McIntire) | 37.0% | $137,012 | $120,446 | $459,190 | $338,744 | 281.2% |
| 2 | Cornell University (Dyson SC Johnson) | 61.0% | $189,960 | $143,915 | $481,970 | $338,055 | 234.9% |
| 23 | Indiana University (Kelley) | 96.3% | $39,784 | $86,901 | $394,045 | $307,144 | 353.4% |
| 31 | Binghamton University | NR | NR | NR | $433,390 | $305,214 | 238.1% |
| 19 | University of Illinois (Gies) | 54.0% | NR | NR | $383,710 | $301,458 | 366.5% |
| 32 | University of Washington (Foster) | 64.0% | $6,544 | $88,336 | $383,440 | $295,104 | 334.1% |
| 59 | Hofstra University (Zarb) | 97.0% | $140,172 | $139,943 | $434,135 | $294,192 | 210.2% |
| 1 | University of Pennsylvania (Wharton) | 51.0% | $212,932 | $253,455 | $547,395 | $293,940 | 116.0% |
| 40 | University of Houston (Bauer) | 80.4% | $51,640 | $61,809 | $350,185 | $288,376 | 466.6% |
| 15 | Georgia Institute of Technology (Scheller) | 18.0% | NR | NR | $401,105 | $274,665 | 217.2% |
| 33 | University of Georgia (Terry) | 72.0% | $44,500 | $83,408 | $349,525 | $266,117 | 319.1% |
| 88 | Florida International University | 55.0% | $7,848 | $49,993 | $314,525 | $264,532 | 529.1% |
| 22 | University of Wisconsin-Madison | 38.0% | $66,840 | $106,356 | $369,480 | $263,124 | 247.4% |
| 79 | Rutgers Business School – Newark | 68.1% | $63,648 | $114,352 | $372,020 | $257,668 | 225.3% |
| 95 | University of Akron | 95.8% | $11,319 | $53,596 | $308,684 | $255,088 | 475.9% |
| 47 | Brigham Young University (Marriott) | 32.0% | $18,472 | $108,857 | $363,850 | $254,993 | 234.2% |
| 7 | University of Notre Dame (Mendoza) | 67.3% | $182,568 | $205,086 | $457,200 | $252,114 | 122.9% |
| 52 | University of Delaware (Lerner) | 98.5% | $54,716 | $99,905 | $351,500 | $251,595 | 251.8% |
| 20 | William & Mary (Mason) | 24.2% | $107,276 | $156,031 | $404,710 | $248,679 | 159.4% |
| 50 | Texas A&M University (Mays) | 60.5% | $22,772 | $110,326 | $358,200 | $247,874 | 224.7% |
| 44 | Rutgers Business School – New Brunswick | 33.5% | $57,932 | $147,325 | $393,734 | $246,410 | 167.3% |
| 57 | University of South Carolina (Darla Moore) | 91.8% | $21,230 | $94,456 | $338,125 | $243,668 | 258.0% |
| 23 | University of Minnesota (Carlson) | 62.4% | $55,600 | $114,473 | $353,750 | $239,277 | 209.0% |
| 63 | University of Connecticut | 67.0% | $68,028 | $121,661 | $360,175 | $238,514 | 196.0% |
| 41 | University of Massachusetts at Amherst (Isenberg) | 78.0% | $8,836 | $123,311 | $358,265 | $234,954 | 190.5% |
| 6 | Washington University in St. Louis (Olin) | 57.1% | $271,363 | $227,144 | $459,260 | $232,116 | 102.2% |
| 100 | University of Kansas | 96.0% | $41,108 | $89,093 | $319,055 | $229,962 | 258.1% |
| 4 | Georgetown University (McDonough) | 31.5% | $191,120 | $276,334 | $503,665 | $227,331 | 82.3% |
| 83 | Bowling Green State University (Schmidthorst) | 87.2% | $37,976 | $69,161 | $295,325 | $226,164 | 327.0% |
| 94 | University of Kentucky (Gatton) | 96.5% | $36,452 | $107,945 | $334,065 | $226,120 | 209.5% |
| 97 | San Jose State University (Lucas) | NR | NR | NR | $364,065 | $224,509 | 160.9% |
| 36 | Purdue University (Daniels) | NR | NR | NR | $333,815 | $223,383 | 202.3% |
| 45 | Miami University (Farmer) | 93.0% | NR | NR | $356,960 | $217,352 | 155.7% |
| 98 | Northern Illinois University | 88.0% | $25,988 | $88,339 | $301,245 | $212,906 | 241.0% |
| 27 | Trinity University (Neidorff) | 47.0% | $183,928 | $196,858 | $406,820 | $209,962 | 106.7% |
| 70 | University of Texas at Dallas (Jindal) | NR | NR | NR | $358,500 | $208,596 | 139.2% |
| 101 | San Diego State University (Fowler) | 21.4% | $10,752 | $131,455 | $338,150 | $206,695 | 157.2% |
| 75 | Texas State University (McCoy) | 47.0% | $29,572 | $106,445 | $312,275 | $205,830 | 193.4% |
| 56 | University of San Diego (Knauss) | 87.0% | $178,568 | $167,178 | $372,760 | $205,582 | 123.0% |
| 51 | Bryant University | 99.9% | $122,804 | $164,339 | $365,275 | $200,936 | 122.3% |
| 104 | Kennesaw State University (Coles) | 88.0% | $17,244 | $95,297 | $294,330 | $199,033 | 208.9% |
| 53 | The College of New Jersey | 41.0% | $13,880 | $152,868 | $351,225 | $198,357 | 129.8% |
| 10 | Carnegie Mellon University (Tepper) | 37.0% | $164,588 | $273,490 | $471,000 | $197,510 | 72.2% |
| 89 | Texas Tech University (Rawls) | 92.0% | $12,016 | $117,713 | $313,425 | $195,712 | 166.3% |
| 74 | Towson University | 53.3% | $42,637 | $108,194 | $302,500 | $194,306 | 179.6% |
| 53 | University of Tennessee (Haslam) | 91.4% | $21,196 | $115,513 | $307,535 | $192,022 | 166.2% |
| 67 | Saint Louis University (Chaifetz) | 99.6% | $169,669 | $139,381 | $328,290 | $188,909 | 135.5% |
| 71 | University of Missouri-Columbia (Trulaske) | NR | NR | NR | $310,415 | $188,739 | 155.1% |
| 17 | University of Richmond (Robins) | 54.0% | $210,936 | $204,265 | $392,765 | $188,500 | 92.3% |
| 90 | University of Michigan-Dearborn | 40.0% | $12,084 | $113,519 | $301,665 | $188,146 | 165.7% |
| 8 | Emory University (Goizueta) | 35.0% | $207,732 | $253,714 | $438,595 | $184,881 | 72.9% |
| 76 | Marian University (Indianapolis) | 95.0% | $107,352 | $125,180 | $309,840 | $184,660 | 147.5% |
| 58 | University of New Hampshire (Paul) | 96.0% | $49,140 | $118,122 | $302,195 | $184,073 | 155.8% |
| 79 | Ohio University | 91.0% | $27,688 | $103,620 | $286,032 | $182,412 | 176.0% |
| 49 | University of Dayton | 96.6% | $133,316 | $151,557 | $333,445 | $181,888 | 120.0% |
| 59 | Rochester Institute of Technology (Saunders) | 100.0% | $152,652 | $160,572 | $336,850 | $176,278 | 109.8% |
| 5 | New York University (Stern) | 24.2% | $245,176 | $320,323 | $495,595 | $175,272 | 54.7% |
| 99 | Iowa State University (Ivy) | 55.0% | $11,220 | $135,757 | $310,695 | $174,938 | 128.9% |
| 65 | Seton Hall University (Stillman) | 99.8% | $123,605 | $176,252 | $349,245 | $172,993 | 98.2% |
| 38 | Elon University (Love) | 78.0% | $77,300 | $181,887 | $354,385 | $172,498 | 94.8% |
| 87 | University of North Carolina-Wilmington (Cameron) | 36.8% | NR | NR | $270,425 | $169,805 | 168.8% |
| 102 | Adelphi University (Willumstad) | 96.0% | $64,584 | $232,615 | $401,360 | $168,745 | 72.5% |
| 84 | University of Mary Washington | 100.0% | $45,684 | $85,916 | $253,365 | $167,449 | 194.9% |
| 64 | St. John’s University (Tobin) | 100.0% | $142,112 | $184,160 | $350,680 | $166,520 | 90.4% |
| 103 | University of Texas at Arlington | 78.9% | $13,452 | $156,853 | $322,500 | $165,647 | 105.6% |
| 29 | Fordham University (Gabelli) | 95.2% | $133,820 | $245,720 | $408,880 | $163,160 | 66.4% |
| 34 | University of Pittsburgh | NR | NR | NR | $335,340 | $162,492 | 94.0% |
| 91 | Saint Joseph’s University (Haub) | 98.0% | $138,336 | $153,151 | $314,795 | $161,644 | 105.5% |
| 67 | Drexel University (LeBow) | 100.0% | $142,203 | $190,629 | $350,502 | $159,873 | 83.9% |
| 48 | Butler University (Lacy) | 97.0% | $114,800 | $164,924 | $321,450 | $156,526 | 94.9% |
| 26 | Lehigh University | 49.5% | $198,443 | $240,571 | $395,915 | $155,344 | 64.6% |
| 13 | Northeastern University (D’Amore-McKim) | 52.0% | $177,632 | $273,631 | $427,890 | $154,259 | 56.4% |
| 96 | Oregon State University | 68.0% | $15,932 | $130,862 | $282,675 | $151,813 | 116.0% |
| 37 | Fairfield University (Dolan) | 97.0% | $100,828 | $227,893 | $369,610 | $141,717 | 62.2% |
| 78 | Roger Williams University (Gabelli) | 100.0% | $112,744 | $151,412 | $289,180 | $137,768 | 91.0% |
| 81 | University of Denver (Daniels) | 100.0% | $148,964 | $181,572 | $319,303 | $137,731 | 75.9% |
| 92 | Rensselaer Polytechnic Institute (Lally) | 99.0% | $85,512 | $256,507 | $393,665 | $137,158 | 53.5% |
| 42 | Worcester Polytechnic Institute | NR | $122,116 | NR | $462,590 | $136,590 | 41.9% |
| 85 | Sacred Heart University | 100.0% | $92,140 | $177,356 | $313,885 | $136,529 | 77.0% |
| 65 | Duquesne University (Palumbo Donahue) | 98.0% | $123,136 | $179,135 | $312,514 | $133,379 | 74.5% |
| 67 | Michigan State University (Broad) | NR | NR | NR | $342,210 | $122,790 | 56.0% |
| 77 | Seattle University (Albers) | 96.0% | $48,000 | $237,600 | $357,185 | $119,585 | 50.3% |
| 93 | American University (Kogod) | 68.0% | $141,068 | $222,562 | $341,945 | $119,383 | 53.6% |
| 82 | Ithaca College | 100.0% | $118,724 | $169,064 | $284,170 | $115,106 | 68.1% |
| 35 | Tulane University (Freeman) | 45.5% | $129,920 | $274,446 | $384,930 | $110,484 | 40.3% |
| 16 | Boston University (Questrom) | 39.8% | $258,292 | $259,398 | $369,135 | $109,737 | 42.3% |
| 39 | Syracuse University (Whitman) | 66.0% | $116,516 | $260,374 | $362,625 | $102,251 | 39.3% |
| 46 | Lipscomb University | 98.5% | $53,012 | $183,013 | $281,365 | $98,352 | 53.7% |
| 73 | Iona University (LaPenta) | 99.0% | NR | NR | $363,000 | $92,280 | 34.1% |
| 18 | Wake Forest University | 31.0% | $38,748 | $353,052 | $441,015 | $87,963 | 24.9% |
| 86 | University of the Pacific (Eberhardt) | 95.8% | $136,000 | $182,336 | $270,000 | $87,664 | 48.1% |
| 21 | University of Miami (Herbert) | 71.2% | $127,175 | $285,020 | $372,420 | $87,400 | 30.7% |
| 23 | Bucknell University (Freeman) | 38.0% | $156,980 | $319,937 | $402,325 | $82,388 | 25.8% |
| 43 | Providence College | 53.8% | $137,756 | $242,207 | $322,780 | $80,573 | 33.3% |
| 3 | University of Southern California (Marshall) | NR | NR | NR | $450,940 | $70,040 | 18.4% |
| 28 | Texas Christian University (Neeley) | 69.0% | $64,484 | $310,215 | $371,030 | $60,815 | 19.6% |
| 12 | Villanova University | NR | NR | NR | $426,970 | $52,823 | 14.1% |
| 61 | Florida Southern College (Barnett) | NR | NR | NR | $295,370 | $51,378 | 21.1% |
| 30 | Southern Methodist University (Cox) | NR | NR | NR | $405,215 | $46,807 | 13.1% |
| 62 | University of St. Thomas (Opus) | 100.0% | NR | NR | $313,040 | $21,188 | 7.3% |
| 55 | Loyola Marymount University | NR | NR | NR | $343,720 | -$14,228 | -4.0% |
| 72 | Hult International Business School | NR | NR | NR | $223,500 | -$117,300 | -34.4% |
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