In a study released last week, the website Nerdwallet announced its ranking of California State University, Long Beach (CSULB) as the 12th best for business majors out of 358 universities nationwide.
According to the study, the website looked at U.S. universities offering business degrees and ranked them based on affordability, prestige, the median annual salary graduates make and amount of debt incurred after graduating.
CSULB ranked 12th, behind University of California, Los Angeles (10th) and California State University, Sacramento (11th), and just above Washington University in St. Louis (13th).
Specifically, the study scored universities based on the above metrics, examining the average debt of graduates from the 2012-2013 school year (20 percent of the score), the cost of tuition and the amount of legal aid offered (30 percent of the score), how much graduates make 10 years out of college, as reported by Payscale (35 percent of the score) and prestige, as measured by the median SAT score (15 percent of the score).
CSULB scored 63.908 total—in comparison, the top-ranked University of California, Berkeley scored 83.235. CSULB’s cost of tuition stood at $6,052, while its average aid package stood at $8,779. The average debt incurred totaled $13,386 and the median salary for graduates after 10 years or more was $87,400.
The top 10 universities for business majors were:
- University of California, Berkeley
- University of North Carolina, Chapel Hill
- Brigham Young University
- University of Virginia
- University of California, Irvine
- Georgia Institute of Technology
- City University of New York, Bernard M. Baruch college
- University of California, Santa Barbara
- College of William and Mary
- University of California, Los Angeles