BLOOMINGTON, SOUTH BEND, WEST LAFAYETTE - If your high school student or still “undecided” college student is considering a degree in business, the state of Indiana seems to be a good place to be. Forbes has released its annual listing of The Best Business Schools, specifically those with full-time, residential MBA programs. 

Three universities in the Hoosier state reached the top 50 listings:

  • No. 19 Indiana University Kelley School of Business
  • No. 25 Mendoza College of Business at the University of Notre Dame
  • No. 40 Krannert School of Management at Purdue University,

IU says Kelley moved up six notches from last year. 

“Faculty and staff work tirelessly to make the Kelley full-time MBA program as strong as possible. We appreciate when the rankings reflect the results of these efforts,” said Program Chair Kyle Cattani, who also is a professor of operations management.

Forbes examined more than 100 schools and reached out to 17,500 alumni around the globe for its ranking survey of full-time M.B.A programs.

The publication compared graduates’ earnings in their first five years after getting their M.B.A. after accounting for opportunity costs.

Forbes says graduates from the Class of 2014 at the top 25 U.S. programs increased their earnings from $73,000 on average before school to $193,000 last year. Earnings have increased 10% annually since graduation, according to Forbes.

Click here to view the list.