| Please note: Our email domain is changing, which means you'll be receiving this newsletter from noreply@news.bloomberg.com. Update your contacts to ensure you continue receiving it — check out the bottom of this email for more details. It's becoming clear that paying more for a prestigious education doesn't necessarily translate into a higher return. This week, Bloomberg Businessweek released a business school return on investment calculator, assigning a net 10-year return in terms of dollars and as an annualized percentage. And when you look at the top performers when it comes to percentage, the winners might surprise you. At the top of the list is the University of Kentucky Gatton College of Business and Economics, with an ROI of almost 24%. That's probably due to its low cost of less than $50,000 and shorter 11-month program. In fact, almost all of the top schools by ROI are public universities that don't typically break into rankings of the so-called "best" business schools. More on that in a bit. But first... Three things to know: - US initial jobless claims rise to highest level in nearly a year.
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... Now back to MBAs. To be sure, some of the most elite private schools still boast some of the highest earnings. At Stanford University, where a master's in business costs about $266,000, graduates can expect a 10-year net return above $1 million. But as a percent, that's an ROI of just about 12%.  Photographer: Hannah Beier/Bloomberg The same is true of The Wharton School at the University of Pennsylvania, which costs about the same as Stanford. The 10-year net return is about $678,000, giving it a ROI of 9%. That compares to the Terry College of Business at the University of Georgia, which costs about $54,000. It has a 10-year ROI of 20% or $708,000, which is greater than the return at Wharton. So when you crunch the numbers, prestige doesn't always pay. That was also the takeaway of a recent Bloomberg News analysis of more than 1,500 four-year nonprofit colleges. It found that the return on investment at many elite private institutions outside the eight Ivies was no better than far-less selective public universities. Of course, picking where you go for undergrad and business school comes down to more than just numbers. Important factors such as location, networking opportunities and career goals can't be easily quantified. But when the price tag comes in at more than $200,000, it's hard not to focus on the math. Read more about Businessweek's MBA ROI calculator here. — Francesca Maglione Send questions about your own financial decisions to bbgwealth@bloomberg.net What are some personal finance tips for incoming college freshman as they get ready to start the school year? Andrew Herzog, associate wealth manager at The Watchman Group in Plano, Texas, writes: "Three primary tips are sticking with a budget, opening a Roth IRA, and finding a part-time job for tax-free income! After all, the standard deduction this year for people filing single is $14,600, so any earned income below that threshold will not have income tax. Start building the muscle of self-control early in life because that will pay dividends for years to come! Avoid unnecessary debt and prepare for the future, but enjoy the college life while you can because it will never come again!"
This week, we're looking to speak with members of Gen X about their retirement plans. Do you feel you're on track? Are you working hard on catch-up contributions? What are the biggest challenges you're facing? Some of our best journalism at Bloomberg Wealth comes from your own stories and we'd love to hear from you, your friends or clients. Please email bbgwealth@bloomberg.net to share.  Photographer: Christian Monterrosa/Bloomberg - Silicon Valley heavyweights back Kamala Harris to counter GOP uptick.
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- Ken Griffin is spending millions to put his stamp on Trump's GOP.
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- Home prices in US increase with tight supply driving up costs.
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