Best-Value B-Schools for Veterans

Veterans scouting out “military friendly” schools, look no further. The Tuck School of Business, Fuqua School of Business, UM Ross School of Business, Tepper School of Business and Olin Business School ranked as the Top Five “best-value schools” in a review published in December by Military MBA, an education and employment network for military officers interested in pursuing an MBA.

The study aims to help veterans find “military-friendly” schools by providing a more comprehensive look at business schools than mainstream magazine ranking systems, which are subjective and geared toward traditional, not military, MBA students.

With funding now available from the New GI Bill, military veterans are weighing their options for getting an MBA degree and committed to find the right school for their education needs.

“As a result of the $78 billion from the GI Bill, there is a lot of money and a lot of officers looking to get their degrees right now,” Greg Eisenbarth, executive director of Military MBA, said in an interview.

The review cites Tuck’s high ranking in 2009 by U.S. News and World Report and its commitment to reducing tuition for veterans as key strengths of the institution. According to the review, 80.4 percent of a veteran’s tuition at Tuck is covered, but veterans who attend Tuck and meet certain qualifications for the Yellow Ribbon Program ”” including, in part, 36 months of active duty service ”” often have all costs covered, says Diane Bonin, director of financial aid at Tuck.

The chart above plots total tuition paid by schools and the VA versus the MBA school ranking by US News & World Report. Military MBA chose these measures because they offered the best available means to evaluate educational quality and cost to students: in other words, the most bang for the buck.

After plotting amounts of tuition waived for veterans against rankings of MBA schools, the data points fell into three clusters. The three groups of schools are listed, and explained, in greater detail on the chart on Military MBA’s site.

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