Average salary after B school (minus Ibanking and MC) : The B-School Application
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# Average salary after B school (minus Ibanking and MC)

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Average salary after B school (minus Ibanking and MC) [#permalink]

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28 Feb 2007, 15:05
So what's the average starting salary, signing bonus, and year-end bonus for someone not going into I banking or consulting?
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28 Feb 2007, 15:23
Guessing what my post MBA colleagues get, I would not say that it is very high. I think it wud be around 80K - 90K?

I think it also depends on the industry. If you end up in a Non-Profit Organization, the figures would be supressed even further.
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28 Feb 2007, 15:24
Rough guess, upper 80's/lower 90's.

Most would be brand management/marketing/general management.

Last edited by gogetter on 28 Feb 2007, 16:50, edited 1 time in total.
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28 Feb 2007, 15:55
What about investment management (not hedge funds).
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28 Feb 2007, 16:23
biggamejames wrote:
What about investment management (not hedge funds).

mid 90's, plus sign on...
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28 Feb 2007, 17:10
What about corp finance rotational programs?
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28 Feb 2007, 17:50
$320K, including signon and cash compensation CEO Joined: 17 Jul 2004 Posts: 3281 Followers: 23 Kudos [?]: 465 [0], given: 0 ### Show Tags 28 Feb 2007, 20:47 SVP Joined: 31 Jul 2006 Posts: 2304 Schools: Darden Followers: 43 Kudos [?]: 475 [0], given: 0 ### Show Tags 28 Feb 2007, 21:07 Hjort wrote: Hjort, I think the UCLA data reflects the fact that Anderson doesn't send a large number of bankers to NY, where the real action (and money) is. Check out the data on p.9 of this document: http://www.columbia.edu/cu/business/car ... er2006.pdf Also, both docs only indicate guaranteed compensation. If there's a boom year, like last year, total comp can go way up with discretionary bonuses; and if the economy sucks, you could get canned a lot more easily as well. Check out this link from the NY Post for info on the past year (a boom year): http://www.nypost.com/seven/12112006/photos/biz037a.jpg Class of '05 would be considered 1st year, because class of '06 was in their "stump year". Most sources have been reporting similar numbers, with 1st years averaging between$240-290k in total comp at the bulge bracket banks. If the economy cools off, who knows, it will probably go back down to the $170-200k range. SVP Joined: 01 Nov 2006 Posts: 1855 Schools: The Duke MBA, Class of 2009 Followers: 16 Kudos [?]: 203 [0], given: 2 ### Show Tags 28 Feb 2007, 21:37 sm176811 wrote: I think it also depends on the industry. If you end up in a Non-Profit Organization, the figures would be supressed even further. I recently looked at a jnonprofit ob in Chicago. I talked to the CEO of the org about the job, who was stoked about the funding they'd received for the position - they had gotten a major foundation to fork over, they were doing a national search, and they preferred a master's degree - mpa, mba, etc. I prodded a bit more, and the pay was about$45k.

Oooh, hot.
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01 Mar 2007, 00:02
aaudetat wrote:
sm176811 wrote:
I think it also depends on the industry. If you end up in a Non-Profit Organization, the figures would be supressed even further.

I recently looked at a jnonprofit ob in Chicago. I talked to the CEO of the org about the job, who was stoked about the funding they'd received for the position - they had gotten a major foundation to fork over, they were doing a national search, and they preferred a master's degree - mpa, mba, etc. I prodded a bit more, and the pay was about $45k. Oooh, hot. With that kind of cash, after taxes, rent, necessities and your daily cappuccino you could pay off your business school debt in less than 20 years! SVP Joined: 01 Nov 2006 Posts: 1855 Schools: The Duke MBA, Class of 2009 Followers: 16 Kudos [?]: 203 [0], given: 2 ### Show Tags 01 Mar 2007, 07:34 pelihu wrote: aaudetat wrote: sm176811 wrote: I think it also depends on the industry. If you end up in a Non-Profit Organization, the figures would be supressed even further. I recently looked at a jnonprofit ob in Chicago. I talked to the CEO of the org about the job, who was stoked about the funding they'd received for the position - they had gotten a major foundation to fork over, they were doing a national search, and they preferred a master's degree - mpa, mba, etc. I prodded a bit more, and the pay was about$45k.

Oooh, hot.

With that kind of cash, after taxes, rent, necessities and your daily cappuccino you could pay off your business school debt in less than 20 years!

Yeah, I am well aware. That's why I have to get myself a sugar daddy. It's a chicken-and-egg proposition. Am I going to business school to get a sugar daddy or am I getting a sugar daddy because I'm going to business school?
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31 Mar 2007, 23:17
pelihu wrote:
aaudetat wrote:
sm176811 wrote:
I think it also depends on the industry. If you end up in a Non-Profit Organization, the figures would be supressed even further.

I recently looked at a jnonprofit ob in Chicago. I talked to the CEO of the org about the job, who was stoked about the funding they'd received for the position - they had gotten a major foundation to fork over, they were doing a national search, and they preferred a master's degree - mpa, mba, etc. I prodded a bit more, and the pay was about $45k. Oooh, hot. With that kind of cash, after taxes, rent, necessities and your daily cappuccino you could pay off your business school debt in less than 20 years! do you still have to pay taxes if you work for a non-profit org? SVP Joined: 01 Nov 2006 Posts: 1855 Schools: The Duke MBA, Class of 2009 Followers: 16 Kudos [?]: 203 [0], given: 2 ### Show Tags 02 Apr 2007, 12:00 yes, unfortunately. the nonprofit is the one that doesn't have to pay taxes. their employees still have to. Senior Manager Joined: 25 Nov 2006 Posts: 336 Schools: St Gallen, Cambridge, HEC Montreal Followers: 3 Kudos [?]: 61 [0], given: 0 ### Show Tags 03 Apr 2007, 03:18 There are three kinds of lies: lies, damned lies, and statistics You may now this quote (it is actually in Princeton Gmat book). Do you think the stats we see often see from/about BS are accurate? I sometimes have a hard time to believe some salaries right at graduation are accurate. What do you think? Director Joined: 28 Jun 2006 Posts: 958 Followers: 1 Kudos [?]: 78 [0], given: 0 ### Show Tags 03 Apr 2007, 04:26 I think it is very difficult to know what the numbers mean. You have to take into account a dozen caveats with any sort of statistic a school puts out. Something I am curious about: Do HBS grads who work in corporate finance or general management make that much more than someone from a school ranked in the say, 30's? I realize top schools place people in lucrative fields very easily, so that drives their average salaries up, but getting back to the original post in this thread, if you strip away those lucrative jobs, how disparate are the starting salaries among b-schools? GMAT Club Legend Joined: 10 Apr 2007 Posts: 4318 Location: Back in Chicago, IL Schools: Kellogg Alum: Class of 2010 Followers: 88 Kudos [?]: 750 [0], given: 5 ### Show Tags 19 Apr 2007, 14:42 MIT has a great breakdown of what everyone from the class of 2006 who reported got for salaries and bonuses. There are some rather suprising numbers. This could be skewed a little since MIT seems be heavily engineered weighted for undergrad instead of business undergrads. mitsloan.mit.edu/global/employment/detailed06.php#salary (I am too new to post links so copy and paste away) Director Joined: 05 Apr 2006 Posts: 727 Followers: 2 Kudos [?]: 8 [0], given: 0 ### Show Tags 19 Apr 2007, 14:52 Just call it 100-110... 90 base, 10-20 sign on. SVP Joined: 31 Jul 2006 Posts: 2304 Schools: Darden Followers: 43 Kudos [?]: 475 [0], given: 0 ### Show Tags 19 Apr 2007, 15:00 riverripper wrote: MIT has a great breakdown of what everyone from the class of 2006 who reported got for salaries and bonuses. There are some rather suprising numbers. This could be skewed a little since MIT seems be heavily engineered weighted for undergrad instead of business undergrads. mitsloan.mit.edu/global/employment/detailed06.php#salary (I am too new to post links so copy and paste away) Someone from MIT that went into manufacturing is making$6500 per year? What's he manufacturing, Ipods in China?

Very detailed breakdown with a lot of info.
19 Apr 2007, 15:00
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# Average salary after B school (minus Ibanking and MC)

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