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Graduates of the Nicholls State University Master of Business Administration are among the quickest to pay off the cost of their graduate degree according to a new report by the Wallstreet Journal.
The report studied the debt and median salaries of students who took out federal loans.
Nicholls MBA graduates have a median debt of $13,300, and median earnings of $56,641 within two years of graduation. That comes out to a 0.24 debt-to-income ratio, tied for the fifth-lowest among the 574 programs evaluated with the University of Nebraska-Lincoln. Universities ahead include Mississippi State University, Texas A&M University-Texarkana, University of the Cumberlands and Western Governors University.
“We are proud that not only do our students receive a great MBA at Nicholls, but the cost is relatively low in relation to the average earnings of our graduates. Therefore, the return on their investment is significant,” said Dr. Marilyn Macik-Frey, dean of the College of Business Administration. “We pride ourselves on teaching our students how to make sound business decisions. This WSJ report supports that a Nicholls MBA is a good business decision.”
Other Louisiana universities on the list include Southeastern Louisiana University, Tulane University, the University of Louisiana at Lafayette and the University of New Orleans.
Starting Jan. 2022, the new online degree pathway will offer working professionals and other distance learners a new means of earning their MBA. Students will be able to choose between classroom, online and hybrid formats to their MBA degree path. Also, beginning in 2022, the evening, hybrid and online MBA courses will be taught in two 8-week terms within each semester, with two courses taught face-to-face and two taught online.
“Our MBAs enter the workforce knowing that they have acquired the skills to think critically and strategically, understand how to solve complex business problems and possess the capabilities to communicate effectively,” said Ray Peters, MBA director and professor of leadership. “Most importantly, they know how to process information to make sound business decisions, a competence that’s in high demand.”
For more information on the Nicholls MBA program, call 448-4241 or visit nicholls.edu/mba.
