Business schools at Harvard or Northwestern may not be looking over their shoulders yet, but several MBA programs at Florida universities are on the rise in the latest rankings of MBA programs by Bloomberg News.
In Tampa, USF's Muma College of Business was ranked No. 32, up four slots from the previous ranking, among a survey of 74 U.S. business schools offering part-time MBAs. The Hough Business College (named for St. Petersburg's William R. Hough) at the University of Florida ranked No. 29, up an impressive 12 slots and passing USF's program.
Part-time MBA programs differ from traditional, two-year MBA programs because their students tend to be older, working and typically require flexibility. They want to use the master's of business administration degree to advance current careers. According to Bloomberg, more than half of part-timers return to their pre-MBA job, compared with one in 10 full-time graduates.
Part-time MBA programs at Northwestern, Carnegie Mellon and Rice were top ranked. No other Florida universities made the part-time rankings.
In a separate ranking of 74 full-time MBA programs, UF's Hough school ranked tops in Florida at No. 41, up seven slots. And the University of Miami's full-time MBA program ranked No. 47, up dramatically from No. 72 in the previous survey. No other Florida university made the full-time rankings.
Harvard, the University of Chicago and Northwestern were the three top-ranked full-time MBA programs.
The full-time MBA ranking was based on five factors: employer surveys, alumni surveys, student surveys, job placement rates and starting salaries.