Hi Jasmine,

From FT's latest 2008 rankings: http://rankings.ft.com/global-mba-rankings

If you add a field named "Value" which is the closest proxy to ROI, then the following are the top 5 MBAs:

1. University of Strathclyde Business School, overall ranking = 30

2. University of Cape Town Graduate School of Business, overall ranking = 71

3. Lancaster University Management School, overall ranking = 22

4. IMD, overall ranking = 14

5. Leeds University Business School, overall ranking = 48

Hence, IMD is the only MBA in the top 20 in terms of value.

But rankings are only one aspect of the equation. Just like cost is one aspect. Look at each program's strength and see if it matches what you are looking for in an MBA program.