![]() ![]() “There is a winners-take-all self-reinforcing cycle in higher education: certain schools attract excellent student talent, which in turn attracts intense recruiter activity and high-salary offers. ![]() ![]() “It is not surprising that where you get your MBA has a strong association with your income potential,” says Robert Bruner, dean of the University of Virginia’s Darden School. Harvard MBAs, in fact, earned nearly twice as much as MBAs from Texas A&M’s Mays Business School who pull in $1,781,820 over 20 years. Stanford MBA holders are next with $3,011,000, and Wharton comes in third with $2,989,000. Harvard Business School’s MBAs come out on top, with median income of $3.233,000. SOME SCHOOLS ARE PUNCHING WELL ABOVE THEIR WEIGHT CLASS, OR RANKINGįor the most part, the results are exactly what you would expect: The highly ranked, big brand schools tend to deliver the highest earnings over a 20-year period. But the estimates show that the MBA degree–despite all the second-guessing over its value since the Great Recession–is one of the surest paths to a lucrative career. They are not a projection of future earnings. The estimates are for base salary, cash bonuses and profit sharing in today’s dollars over a 20-year period from from 1994 to 2014. They do not include stock-based compensation of any kind, the cash value of retirements benefits, or other non-cash benefits, such as health care. schools to calculate an estimate of median pay and bonus over the entire 20-year span. PayScale used its database of MBA graduates at the top 50 U.S. So many candidates have to face the question over whether it’s worth getting the MBA from a second- or even third-tier school.Ī new analysis done exclusively for Poets&Quants by PayScale, which collects salary data from individuals through online pay comparison tools, shows that the MBA–even from schools that lack global or national caché–delivers hefty seven-figure income over a 20-year period. Not everyone can get into the most highly selective business schools. Those are questions that perplex and confound many who are deciding whether to get the degree and, if so, where to get it from. What’s an MBA degree really worth? And how much more money does an MBA from Harvard, Stanford or Wharton get you over a career than one from Texas A&M, Ohio State, or the University of Iowa? Harvard Business School MBAs earn the most over a 20-year careerĪn update to this article has been published under the headline: The MBA Premium: What MBAs Earn Over A Lifetime Will Shock You. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |