GRADUATE PROGRAM CREDIT RATINGS

Transcription

1 GRDUTE PROGRM CREDIT RTINGS FOR MB PROGRMS ( )

2 LSO BY The following complimentary career primers and other educational guides are available at Graduate Program Credit Ratings MB Programs Law Programs Personal Finance Student Loan (Reduction) Primer for MB Students Student Loan (Reduction) Primer for Law Students Student Loan (Reduction) Primer for Undergraduate Students Career Primers by our partner, MB Career Coaches sset Management Career Primer Consulting Career Primer Investment Banking Career Primer Marketing Career Primer Private Equity Career Primer Venture Capital Career Primer Law Corporate Legal Career Primer Nonprofit Legal Career Primer Medicine Medical Residency Match Primer Visit mbamission ( for several series of guides designed to help you master the MB application process and choose the right program. Visit jdmission ( for guides created to assist you with your law school application.

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4 TBLE OF CONTENTS Introduction 6 Summary 7 MB Programs Rated + The Marriott School of Management at Brigham Young University 9 MB Programs Rated The Eli Broad College of Business at Michigan State University 12 Emory University s Goizueta Business School 14 The Haas School of Business at the University of California, Berkeley 16 Harvard Business School 18 The Jesse H. Jones Graduate School of Business at Rice University 20 The Kelley School of Business at Indiana University 22 The Kellogg School of Management at Northwestern University 24 The Kenan-Flagler Business School at the University of North Carolina, Chapel Hill 26 The Leonard N. Stern School of Business at New York University 28 The Mendoza College of Business at the University of Notre Dame 30 The Michael G. Foster School of Business at the University of Washington 32 The Ohio State University Fisher College of Business 34 The Olin Business School at Washington University in St. Louis 36 Simon Business School at the University of Rochester 38 The Stanford Graduate School of Business 40 The Tepper School of Business at Carnegie Mellon University 42 The University of Texas at ustin McCombs School of Business 44 Vanderbilt Owen Graduate School of Management 46 The Wisconsin School of Business 48 The W.P. Carey School of Business at rizona State University 50 MB Programs Rated - The Carlson School of Management at the University of Minnesota 54 The Carroll School of Management at Boston College 56 The College of Business at the University of Illinois 58 The Darden School of Business at the University of Virginia 60 Duke University s Fuqua School of Business 62 The Massachusetts Institute of Technology Sloan School of Management 64 The Samuel Curtis Johnson Graduate School of Management at Cornell University 66 Stephen M. Ross School of Business at the University of Michigan 68 The University of California, Los ngeles, nderson School of Management 70 The Yale School of Management 72

5 MB Programs Rated B The Thunderbird School of Global Management at rizona State University 76 Pepperdine University s Graziadio School of Business and Management 78 MB Programs Not Rated Due to Insufficient Information Boston University School of Management 82 Columbia Business School 84 The Katz Graduate School of Business at University of Pittsburgh 86 The Robert Emmett McDonough School of Business at Georgetown University 88 The Scheller College of Business at Georgia Institute of Technology 90 The Tuck School of Business at Dartmouth College 92 University of Chicago Booth School of Business 94 USC Marshall School of Business 96 Wharton School of the University of Pennsylvania 98

6 INTRODUCTION M7 Financial is pleased to present a first-of-its-kind financial rating of the nation s top MB programs. We based our ratings on the ability of an average student at each school to pay typical program-related student loan obligations upon graduation. s you review the ratings, pay particular attention to the Leverage Ratio, the Debt Service Coverage Ratio, and the letter grade we have assigned to each program. We hope you will find these ratings to be an interesting and valuable resource. However, you should understand that the ratings are based on averages and, therefore, might not reflect your circumstances or experiences with a particular program. For example, you might receive a full scholarship to a program whose students typically carry a heavy debt burden. In that case, your program-related student debt load likely will be significantly different from that of the program s average student. bout Us M7 Financial, together with mbamission, jdmission, and MB Career Coaches, is part of a family of companies dedicated to supporting the unique aspirations of students and professionals. For more than a decade, we have been advising and informing hundreds of thousands of such individuals around the world with our guides, seminars, and advisory services. Our firms collective goal is to ensure that our clients succeed in achieving their educational, professional, and personal ambitions. Inquiries Please direct all inquiries to: Cory Pollock cory@m7financial.com

7 SUMMRY MB Program Rating Leverage Ratio Coverage Ratio verage Starting Salary + Bonus* verage Indebtedness* Estimated nnual Debt Service** MB Programs Rated + The Marriott School of Management $110,216 $27,942 $3, MB Programs Rated The Wisconsin School of Business $109,293 $22,410 $3, The Michael G. Foster School of Business at the University of Washington $118,759 $38,394 $5, The Ohio State University Fisher College of Business $108,510 $41,991 $5, Simon Business School at the University of Rochester $92,262 $38,058 $5, The Haas School of Business at the University of California, Berkeley $134,078 $64,598 $9, Emory University s Goizueta Business School $124,148 $63,979 $8, The Mendoza College of Business at the University of Notre Dame $115,296 $61,547 $8, Harvard Business School $138,346 $73,926 $10, The W.P. Carey School of Business at rizona State University $103,903 $55,887 $7, The University of Texas at ustin McCombs School of Business $123,868 $70,395 $9, The Jesse H. Jones Graduate School of Business at Rice University $115,693 $66,265 $9, The Stanford Graduate School of Business $137,525 $79,869 $11, The Eli Broad College of Business at Michigan State University $102,806 $59,801 $8, The Olin Business School at Washington University in St. Louis $110,533 $68,047 $9, The Tepper School of Business at Carnegie Mellon University $131,181 $86,595 $12, Vanderbilt Owen Graduate School of Management $113,170 $76,205 $10, The Kellogg School of Management at Northwestern University $135,838 $91,834 $12, The Kelley School of Business at Indiana University $113,898 $77,038 $10, The Kenan-Flagler Business School at the University of North Carolina, Chapel Hill $123,526 $84,696 $11, The Leonard N. Stern School of Business at New York University $131,975 $93,832 $13, MB Programs Rated - The College of Business at the University of Illinois $94,751 $52,612 $7, The Carlson School of Management at the University of Minnesota $117,972 $69,372 $9, The University of California, Los ngeles, nderson School of Management $123,353 $77,326 $10, The Carroll School of Management at Boston College $96,915 $64,342 $9, Stephen M. Ross School of Business at the University of Michigan $134,883 $97,915 $13, The Massachusetts Institute of Technology Sloan School of Management $137,057 $100,512 $14, The Samuel Curtis Johnson Graduate School of Management at Cornell University $129,037 $97,500 $13, The Darden School of Business at the University of Virginia $136,102 $102,968 $14, The Yale School of Management $126,013 $96,341 $13, Duke University s Fuqua School of Business $135,101 $108,186 $15, MB Programs Rated B The Thunderbird School of Global Management at rizona State University B $84,915 $84,187 $11, Pepperdine University s Graziadio School of Business and Management B $80,592 $89,245 $12, MB Programs Not Rated Due to Insufficient Information Wharton School of the University of Pennsylvania NR N/ N/ $141,243 N/ N/ University of Chicago Booth School of Business NR N/ N/ $135,982 N/ N/ Columbia Business School NR N/ N/ $137,654 N/ N/ The Tuck School of Business NR N/ N/ $139,036 N/ N/ The Katz Graduate School of Business at University of Pittsburgh NR N/ N/ $84,179 N/ N/ The Robert Emmett McDonough School of Business at Georgetown University NR N/ N/ $118,620 N/ N/ The Scheller College of Business at Georgia Institute of Technology NR N/ N/ $108,055 N/ N/ USC Marshall School of Business NR N/ N/ $116,011 N/ N/ Boston University School of Management NR N/ N/ $103,291 N/ N/ *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

8 MB PROGRMS RTED +

9 The Marriott School of Management at Brigham Young M7 Financial Graduate University + Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $11,280 /year (LDS member) $22,560 /year (Non-LDS member) * $27,942 verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: * $3, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 95.40% * $110,216 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #27 #27 Bloomberg Businessweek 2014 National Program Ranking verage GMT 665 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.25 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

10 Ratings Rationale Inquiries The program s + credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a modest debt burden Strong employment prospects (95% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s + credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

11 MB PROGRMS RTED

12 The Eli Broad College of Business at Michigan State University M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $27,191 /year $43,135 /year (out of state) verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $59,801 * $8, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 93.30% * $102,806 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #35 #33 Bloomberg Businessweek 2014 National Program Ranking verage GMT 655 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.58 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

13 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (93.30% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

14 Emory University s Goizueta Business School M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $46,000 /year verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $63,979 * $8, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 96.20% * $124,148 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #20 #18 Bloomberg Businessweek 2014 National Program Ranking verage GMT 681 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.52 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

15 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (96.2% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

16 The Haas School of Business at the University of California, Berkeley M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $51,412 /year $53,959 /year (out of state) verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $64,598 * $9, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 91.60% * $134,078 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #7 #19 Bloomberg Businessweek 2014 National Program Ranking verage GMT 714 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.48 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

17 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (91.60% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

18 Harvard Business School M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $56,175 /year verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $73,926 * $10, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 89.40% * $138,346 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #1 #8 Bloomberg Businessweek 2014 National Program Ranking verage GMT 727 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.53 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

19 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Sound employment prospects (89.40% employed three months after graduation) Exceptional reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

20 The Jesse H. Jones Graduate School of Business at Rice University M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $48,500 /year verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $66,265 * $9, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 93.80% * $115,693 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #33 #25 Bloomberg Businessweek 2014 National Program Ranking verage GMT 676 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.57 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

21 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (93.80% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

22 The Kelley School of Business at Indiana University M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $24,984 /year $44,460 /year (out of state) verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $77,038 * $10, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 90.30% * $113,898 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #21 #16 Bloomberg Businessweek 2014 National Program Ranking verage GMT 664 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.68 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

23 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (90.30% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

24 The Kellogg School of Management at Northwestern University M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $59,085 /year verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $91,834 * $12, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 91.00% * $135,838 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #6 #7 Bloomberg Businessweek 2014 National Program Ranking verage GMT 713 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.68 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

25 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (91.00% employed three months after graduation) Strong reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

26 The Kenan-Flagler Business School at the University of North Carolina, Chapel Hill M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $31,510 /year $50,942 /year (out of state) verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $84,696 * $11, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 90.90% * $123,526 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #19 #12 Bloomberg Businessweek 2014 National Program Ranking verage GMT 683 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.69 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

27 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Sound employment prospects (90.90% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

28 The Leonard N. Stern School of Business at New York University M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $57,468 /year verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $93,832 * $13, ** Percentage of verage Starting Graduates Employed Salary Plus Bonus For Three Months fter Graduates: 93.20% * $131,975 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #10 #22 Bloomberg Businessweek 2014 National Program Ranking verage GMT 721 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.71 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

29 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (93.20% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

30 The Mendoza College of Business at the University of Notre Dame M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $45,130 /year verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $61,547 * $8, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 90.40% * $115,296 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #23 #29 Bloomberg Businessweek 2014 National Program Ranking verage GMT 690 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.53 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

31 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Sound employment prospects (90.40% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

32 The Michael G. Foster School of Business at the University of Washington M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $27,861 /year $41,037 /year (out of state) verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $38,394 * $5, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 95.80% * $118,759 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #25 #37 Bloomberg Businessweek 2014 National Program Ranking verage GMT 670 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.32 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

33 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (95.80% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

34 The Ohio State University Fisher College of Business M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $28,688 /year $46,352 /year (out of state) verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $41,991 * $5, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 92.00% * $108,510 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #27 #34 Bloomberg Businessweek 2014 National Program Ranking verage GMT 666 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.39 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

35 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (92.00% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

36 The Olin Business School at Washington University in St. Louis M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $49,700 /year verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $68,047 * $9, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 96.00% * $110,533 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #22 #26 Bloomberg Businessweek 2014 National Program Ranking verage GMT 696 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.62 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

37 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (96.00% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

38 Simon Business School at the University of Rochester M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $49,929 /year verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $38,058 * $5, ** Percentage of verage Starting Graduates Employed Salary Plus Bonus For Three Months fter Graduates: 90.90% * $92,262 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #37 #38 Bloomberg Businessweek 2014 National Program Ranking verage GMT 680 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.41 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

39 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (90.90% employed three months after graduation) Sound reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of

40 The Stanford Graduate School of Business M7 Financial Graduate Program Credit Rating Cost & Financing Statistics Employment Statistics Tuition: $59,550 /year verage Program Estimated nnual Related Student Principal and Interest Indebtedness at Payments on Indebtedness: $79,869 * $11, ** Percentage of Graduates Employed Three Months fter verage Starting Salary Plus Bonus For Graduates: 89.70% * $137,525 * Reputational Statistics U.S. News & World Report 2015 National Program Ranking #1 #4 Bloomberg Businessweek 2014 National Program Ranking verage GMT 732 * Credit Metrics Leverage Ratio verage Program Related Student Indebtedness at Graduation 0.58 This ratio is an indicator of indebtedness and measures an individual s program related student debt at graduation relative to annual before-tax income. higher ratio indicates a higher level of relative indebtedness. Debt Service Coverage Ratio Estimated nnual Principal and Interest Payments This ratio is an indicator of ability to meet annual debt obligations and measures annual before-tax income relative to required annual debt service payments. The lower the ratio, the more burdensome the debt service requirements.

41 Ratings Rationale Inquiries The program s credit rating reflects the following: Please direct all inquiries to: Credit metrics that indicate a very manageable debt burden Strong employment prospects (89.70% employed three months after graduation) Exceptional reputation Cory Pollock cory@m7financial.com We would review the program s credit rating should any significant trends be noted in the future, such as material changes in enrollment, tuition, debt, reputation, or employment prospects. Explanation of Ratings + Student loan obligations are typically expected to be modest relative to initial career prospects. Student loan obligations are typically expected to be very manageable relative to initial career prospects. - Student loan obligations are typically expected to be manageable relative to initial career prospects. B C Student loan obligations are typically expected to be demanding relative to initial career prospects. Student loan obligations are typically expected to be very demanding relative to initial career prospects. *U.S. News & World Report, 2015 Best Business Schools Ranking. **M7 Financial estimates assuming a ten-year loan with even amortization and an annual interest rate of 7.21%, which is the rate for Federal Direct PLUS Loans as of