Dont know if this has already been posted since it came out in June, its an interesting article on long-term 20 year salaries of several mba programs. Though the title is a bit misleading: MBA Pay: The $3.6 Million Degree That amount is specifically for Harvard grads and it is the total 20 year salary earnings (180k per year), so the mba degree does not really amount to a 3.6 mil degree ======================================= http://www.businessweek.com/bschools/content/jun2011/bs20110610_989005.htm MBA Pay: The $3.6 Million Degree News flash: Grads from the top MBA programs make more money over the course of their careers than peers from lower-ranked B-schools. That’s not much of a surprise, considering MBAs from programs like Harvard, Wharton, and Stanford command the highest salaries—$126,000, on average—upon earning the business credential. But what is surprising is how much more grads from these highly ranked programs will make over a 20-year career compared with grads from lesser-ranked programs. According to new research commissioned by Bloomberg Businessweek, the difference is more than $1 million. Executive compensation expert Ken Hugessen isn’t shocked at the disparity in MBA earnings. “The differences in salary at the beginning are hugely predictive of the 20-year accumulation,” he says. "If you’re at a top school, you must be pretty smart to get in. You’re a stronger breed of cat from day one. That will follow you throughout your career.
@CFAMaven, Thank you Captian Obvious! What else are you going to post? CFAMaven next thread will be entitled, “When it rains; people get wet”.
Next thread will be 20 years salary comparison between: Top 20 MBA V.S CFA Charter w/o MBA
Why not just move to Norway where the average salary for the entire working population is USD 126k ?? Oh I forgot to mention a beer costs USD 15 ??
CFAMaven Wrote: ------------------------------------------------------- > Harvard, Wharton, and Stanford command the highest > salaries—$126,000 what if you make ~125k and you don’t have an mba doing it yourself > mba
Gee I do not ever remember saying that top 5-10-20 MBAs pay *less* then other MBA… What I liked about the article is that it gives out real numbers over a really long-term, also make sure to also check out the slideshow part of the article where they show that stats for 2-10-20 years after graduation from all the schools surveyed. @WTF: To be honest that actually would be an interesting survey for me I personally do not trust the numbers that come from CFAI on their own salary surveys and it would be nice to get that kind of data from an independent organization.
> What I liked about the article is that it gives out real numbers over a really long-term, also make sure to also check out the slideshow part of the article where they show that stats for 2-10-20 years after graduation from all the schools surveyed. As the article itself states, the results are essentially worthless because they don’t control for student caliber – unless your point is to get us to envy people who are smarter, more driven, etc. than the the average UoP matriculant. If the question is: will I make more by going to HBS vs UoP? the study doesn’t shed any light. There are a small number of studies, recently published, which control for candidate strength. They compare undergrad schools, but I’d expect similar findings for graduate programs. These studies show that choice of school has a rather muted effect on lifetime “success” (where at least one study looked at income).
Alrighty, I guess I am the only one who finds this kind of stuff interesting, I guess its because I am a giant stats geek, especially for salary info