Mays Business School is now among the top-10 public business schools and top-25 overall for return on investment in Forbes magazines’ biennial “Best Business Schools” rankings.

Mays MBA program is ranked 24th overall and ninth among all public business schools. Both rankings are a move forward for Mays, which was ranked 32nd overall and 11th among public schools in 2003. The rankings appear in the Sept. 5 issue of Forbes.

Forbes ranks the best business schools based on the return on investment earned by MBA students following completion of their studies. The average Mays MBA graduate surveyed by Forbes more than doubled their pre-MBA salary over a five-year period. That same class saw a five-year gain of $89,000 over tuition and forgone salary.

It took just 2.4 years for Mays graduates to recoup their MBA investment, which put Mays at No. 3 among all schools included in Forbes‘ ranking.

“We are obviously pleased with our ranking in the Forbes survey,” Dean Jerry Strawser says. “Business school rankings measure many different things. The Forbes ranking is particularly meaningful, as it tells us our graduates are experiencing success following completion of our program.”

Mays has improved in each area where return on investment is calculated. In the 2001 rankings, for example, Mays students took 3.2 years to recoup their MBA investment compared to the average 2.4 years for students in this year’s ranking.

“This is a result of the collective efforts of many outstanding individuals,” says Bala Shetty, associate dean for graduate programs. “That includes accomplished faculty who provide excellent education to our students, dedicated Graduate Business Career Services and MBA Program staff who aid our students, and our graduates, who pursue their careers with vigor.”