To view his Saga and others, visit spartansagas.msu.edu.

Forbes MBA rankings are based on return on investment (ROI), meaning compensation five years after graduation minus tuition and the forgone salary during school.

“This ranking confirms that Broad MBAs are prepared to impact the success of their companies right away upon completion of the Broad MBA, contributing to their own career success as well,” says Associate Dean for MBA and Professional Master’s Programs Karyll Shaw.

The magazine surveyed the Class of 2006 and asked for their pre-MBA salaries as well as compensation figures for three of the first five years after getting their degrees. They then compared their post-MBA compensation with their opportunity cost (tuition and forgone salary while in school) and what they would have made had they stayed in their old jobs. Salary figures were adjusted to account for cost-of-living expenses, and the earnings gains were discounted using a rate tied to money market yields.

For more information about this ranking, visit www.forbes.com.

“We take our AACSB accreditation very seriously, because it emphasizes the importance of faculty research productivity and providing students with a state-of-the-art education that prepares them for outstanding careers. It’s no easy task,” says Eli and Edythe L. Broad Dean Stefanie Lenway. “This process highlighted the outstanding work our faculty and staff do to ensure the success of our students, and I’m very proud of our accomplishment.”

Achieving accreditation is a process of rigorous internal review, evaluation and adjustment and can take several years to complete. During these years, the school develops and implements a mission-driven plan to meet 21 quality standards relating to faculty qualification, strategic management of resources, interactions of faculty and students, as well as a commitment to continuous improvement and achievement of learning goals in degree programs.

Accounting accreditation requires the satisfaction of an additional set of 15 standards that are specific to the discipline and profession of accounting.

AACSB accreditation is the hallmark of excellence in business education and has been earned by less than five percent of the world’s business schools. Today, there are 620 business schools in 38 countries that maintain AACSB accreditation. Similarly, 177 institutions now maintain an additional specialized AACSB accreditation for their accounting programs.

“It takes a great deal of commitment and determination to earn AACSB accreditation,” said Jerry Trapnell, executive vice president and chief accreditation officer of AACSB International. “Schools must not only meet specific standards of excellence, but their deans, faculties and staffs must make a commitment to ongoing improvement to ensure that the institution will continue to deliver high quality education to students.”

For a complete list of schools that have earned maintenance of accreditation in business and/or accounting, visit www.aacsb.edu.

It is clear that student satisfaction was a huge factor in the Broad College’s move into the top 20, up from a “Second-Tier” ranking in 2008. Alumni who graduated in May 2010 overall indicated that they were very pleased with their experience, giving Broad A+ grades in “Career Services” and “Teaching.” To read some of their comments about their experiences at Broad, visit: http://www.businessweek.com/michstate.html and click on the “Graduate Comments” tab.

“This is just another indicator of the hard work and dedication of our students, alumni, faculty and staff at the Broad College,” says Eli and Edythe L. Broad Dean Stefanie Lenway. “I’m very proud to be here.”

The Broad College placed 13th in the “Graduate Poll”, 32nd in the “Corporate Poll” and 39th in “Intellectual Capital” – the three elements that are the basis of this ranking. The graduate poll score is based on a satisfaction survey of the most recent graduates and is combined with two previous MBA survey scores. The corporate poll, which asks recruiters to identify the schools that produce the best graduates, is also combined with two previous recruiter surveys. Finally, the intellectual capital score reflects the number of faculty articles published in top 20 journals and reviews of their books in three national publications and is adjusted for faculty size. The MBA surveys and the recruiter polls each contribute 45% to the final ranking, with the intellectual-capital ranking contributing the final 10%.

“The schools on this list set themselves apart from the competition by continuing to deliver exceptional academic quality and career development services to their students and graduates,” says Josh Tyrangiel, editor of Bloomberg Businessweek, in a formal statement about the ranking.

For an in depth story about the Broad College and this ranking, visit www.statenews.com.