A Value-Added Approach to Selecting the Best Master of Business Administration (MBA) Program

Abstract

Although numerous studies rank master of business administration (MBA) programs, prospective students' selection of the best MBA program is a formidable task. In this study, the authors used a linear-programming-based model called data envelopment analysis (DEA) to evaluate MBA programs. The DEA model connects costs to benefits to evaluate the value that MBA programs added. The findings may assist prospective students in selecting programs that have the best market value.