The University of Pennsylvania in Philadelphia (whose Fisher Fine Arts
Library is pictured in the foreground) is home to four of the top six
business degree programs by median earnings net of debt two years after
graduation.
Photo courtesy of University of Pennsylvania
A new report from the Georgetown University Center on Education and the
Workforce (CEW) reveals “the economic value of business programs is high
compared to the financial returns from other programs, though not as
high as returns associated with health, engineering, and computer and
information sciences programs.” Blending data on graduates’ earnings and
their student loan debts to arrive at a net earnings figure for
graduates of 5,500 business programs at more than 1,700 colleges, the
CEW report, “The Most Popular Degree Pays Off,” finds that
“the majority of business programs lead to median earnings that are
roughly 10 times graduates’ debt payments two years after program
completion.” Here are the institutions whose business degree graduates
have the highest earnings net of debt at three degree levels:
Associate: Excelsior College in New York and Union County College in
New Jersey ($44,400) were the only two associate degree programs
among the Top 1,000.
Bachelor’s: Among 308 programs in the Top 1,000, No. 1 was Bismarck
State College in North Dakota ($103,200), followed by Washington
University in St. Louis ($82,800) and a tie at $80,400 between
UCAL-Berkeley and the University of Virginia’s main campus in
Charlottesville. While those rankings apply to business
administration degrees, the University of Pennsylvania’s bachelor’s
degree program in finance and financial management services ranks
well above them all in a tie for No. 25 overall at $121,200.
Master’s: University of Pennsylvania ($165,600) leads the way,
followed by Dartmouth College in New Hampshire ($162,000) and
Massachusetts Institute of Technology ($159,600). Again, outside of
the MBAs, the University of Pennsylvania’s master’s degree program
in finance and financial management services ranks No. 1 among all
5,500 programs at $195,600.
Which states have the most successful collegiate business programs among
the Top 1,000? I assembled the data from the Top 1,000 programs in the
CEW rankings and arrived at this result:
State
No. of Top 1,000 Business Programs
California
79 (30 at bachelor’s degree level)
New York
70
Pennsylvania
59
Texas
58
Massachusetts
47
Ohio
43
Illinois
42
Florida
36
Indiana
33
Michigan
31
“While more education in business typically leads to higher earnings,
there are exceptions,” says the CEW. For example, an associate degree in
business administration, management, and operations from Southern New
Hampshire University leads to earnings net of debt of $44,400 two years
after graduation, one of the highest among associate degree programs in
business. Similarly, median earnings from that bachelor’s degree in
finance from the University of Pennsylvania ($121,200 two years after
graduation) are well above the median of $62,400 for master’s degrees in
finance across institutions. By field of study, earnings net of debt
payments are highest for business/commerce majors ($32,400) at the
associate degree level, construction management majors ($62,400) at the
bachelor’s degree level, and management sciences and quantitative
methods majors ($96,000) at the master’s degree level. — Adam
Bruns
The high rankings of Texas across so many business categories are
matched by the state’s high quality of place. Here are some snapshots of
a few of them.
Things go easy in Cayman Islands in more ways than one.
Photo by Adam Bruns
TMF Group this week launched the ninth edition of its 2022 Global Business Complexity Index, analyzing
292 annually tracked corporate compliance indicators such as
regulations, incorporation timelines and tax rates across 77
jurisdictions that collectively account for 92% of the world’s GDP and
95% of global FDI flows. The 10 least complex jurisdictions are led by
Cayman Islands, Curaçao andDenmark. The most complex? Brazil, France and
Peru.
2022 Global Business Complexity Index Top 10 (most complex)
and Bottom 10 (least complex)
1
Brazil
2
France
3
Peru
4
Mexico
5
Colombia
6
Greece
7
Turkey
8
Italy
9
Bolivia
10
Poland
68
United Kingdom
69
Norway
70
New Zealand
71
United States
72
Jersey
73
British Virgin Islands
74
Hong Kong
75
Denmark
76
Curaçao
77
Cayman Islands
PROJECT WATCH
Italy
Italy may be a complex place to get business done, but that doesn’t mean
complex projects can’t happen there. Last week Switzerland’s ABB
E-mobility opened its largest DC fast charger production facility in
Valdarno. The 16,000-sq.-m. (172,228-sq.-ft.) site includes a
3,200-sq.-m. (34,445-sq.-ft.) development and prototyping space devoted
to R&D, where 70 of the site’s 500-plus employees will work. The company
said the facility indicates the company has more than doubled its
charger production capacity, as the new plant will produce more than
10,000 additional DC chargers annually. ABB E-mobility has sold in
excess of 680,000 EV chargers across more than 85 markets. Among the
tools that will help the new facility achieve LEED-Gold certification is
ABB’s own Ability Energy and Asset Manager, “a platform that monitors
and efficiently manages over 9,000 devices throughout the facility —
including thermal regulation, lighting and air handling units —
resulting in a potential energy saving of 60% in comparison to
traditional solutions,” says the company.
Banco Santander earlier this month announced it would build a new
corporate work center, designed by Handel Architects and constructed by
Territoria, that “will set milestones in multiple dimensions, notably
for environmental sustainability, energy efficiency, contribution to the
wider city and job quality for those employees who work there.” Claudio
Melandri, chairman of Santander Group in Chile, said the development “is
a show of Santander’s long-term confidence in the country and a clear
demonstration of the bank’s commitment to its customers and associates.”
Completion of the 17-floor urban campus (five of them below ground
level) is scheduled for 2026. The design opens up interior spaces for
natural light and opens up toward the community with public spaces that
include gardens and an amphitheater.
While looking back at 20 years of the Industrial Asset Management
Council (www.iamc.org), we ran across this photo of
commercial real estate executive Emmitt Smith, also known for playing a
little football, who can light up a room like he used to light up
opposing linebackers. It led us to think of another huge commercial real
estate success story, Roger Staubach, who formed his company after also
tossing around the pigskin. This led us to wondering: Could we assemble
an entire football team’s worth of commercial real estate professionals,
representing every position on offense and defense, from across the NFL
… if not from the Dallas Cowboys alone? If you have suggestions for this
all-star lineup, send the person’s name, professional title and football
position to Site Selection Managing Editor Adam Bruns at adam.bruns@conway.com.
