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Okay, so CNN has several statistics on the best ranked business schools in the US... But is there a figure (anywhere) or a survey which shows the "average income" for a student that graduates from Columbia, HBS, Stern, etc etc etc?
I know the range for each school is obviously large but I am wondering if there is mean data anywhere on the web... I've searched yet to no avail...
I think the Businessweek poll shows average incoming salary and average outgoing salary. It's an interesting way to look at how much each MBA adds to the bottom line, but I think the value is limited.
Schools that send a lot of people into high paying industries (banking and consulting) will do better; schools that send a lot of people to high paying locales like NY and SF will do better. The numbers will also vary based on percentage of career switchers at a given school, average prior work experience, percentage with advanced degrees, and a whole bunch of other factors. The most relevant thing to look at, I think, is the list of firms that recruit on campus. If they firms you are interested in recruit on campus, then you can make a case for landing the job; if firms you are interested in do not recruit on campus, you will be left with scraps only if they can't fill their hiring needs at their core schools. This is much more relevant than average salary or anything like that.
Once we are out of campus without a job in hand, our chances of getting a job that is as good are marginal. We often have to compromise on the quality of the work we do, and the reputation of the firm.