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19 Jan 2012, 13:00
Might be worth while splitting up the 50-99 to 50-74 and 75-99 since there is such a high concentration of individuals in this range.
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19 Jan 2012, 20:22
I just passed the 50k point this year with my bonus. I know that my salary is well below the average at most of the schools I've been applying to. I gave up higher salaries to gain five years of work experience in emerging markets though, where obviously salaries are lower (but so are costs of living). I can't help but feel it has hurt my application a bit, especially since just a couple years ago I was only in the mid-range of the bottom bracket. But at least Ross seems to have viewed this fairly as my gaining unique business experience abroad. I just hope it doesn't affect my recruiting or post-MBA salary either, though I'm sure it will (I want to stay home and work in the States). On the flipside, I've saved more for b-school than most of my friends making much more than me and living in Chicago have...and also since I'm abroad I don't have to pay any income taxes
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Re: How much $do you currently make? [#permalink] ### Show Tags 19 Jan 2012, 21:03$20k/3yrs from India
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20 Jan 2012, 00:04
chynaxdawl wrote:
xzeppelin wrote:
I just passed the 50k point this year with my bonus. I know that my salary is well below the average at most of the schools I've been applying to. I gave up higher salaries to gain five years of work experience in emerging markets though, where obviously salaries are lower (but so are costs of living). I can't help but feel it has hurt my application a bit, especially since just a couple years ago I was only in the mid-range of the bottom bracket. But at least Ross seems to have viewed this fairly as my gaining unique business experience abroad. I just hope it doesn't affect my recruiting or post-MBA salary either, though I'm sure it will (I want to stay home and work in the States). On the flipside, I've saved more for b-school than most of my friends making much more than me and living in Chicago have...and also since I'm abroad I don't have to pay any income taxes

i make about the same amount as you (except not in the emerging markets...sigh). and i've wondered if it's hurt me too but i've heard it's illegal for them to do that. plus i've thought it may even help them: one way of diversifying the class, but especially because it would skew the pre-mba average salary lower and potentially make the post-mba gains greater (so a better roi).

what has happened to make you think it was because of your pay?

I don't think it's been disastrous or anything, but anything less than the average is not generally going to help you. Schools definitely care about the "pre-MBA salary" number, just as they care about keeping a high GPA and GMAT score. I'm not sure why you think it would be illegal for them to discriminate based on that? They can discriminate for any number of other reasons, including GPA / GMAT / the nebulous concept of "fit". Anyway, it's not like you're ever going to be told a reason why you're rejected, so it's a moot point whether it's "illegal" or not!

You are assuming that people coming in with lower salaries will increase ROI, but you are assuming that everyone post-MBA will make similar incomes regardless of what they made before. That might be true in some cases, but not all. Certainly the people pulling the big bucks immediately after MBA were probably already near the high end of the pre-MBA salary range working in high finance or what have you, as others have mentioned in this thread already.

In my case, I feel like I should get to multiply my salary by the PPP modifier in China... But that might cause some problems when the background check comes around

Edit: I do think a lower salary would absolutely not be a knock against a candidate in certain situations. For example, someone working in non-profit that could bring some excellent organization management skills to the table or something like that. However, in my case, I am working in a Fortune 500 but definitely pulling less than others in a similar position to me back in the States.
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20 Jan 2012, 13:01
Xabier wrote:
I'm sure the vast majority will be between $50,000 and$99,999.

Most people are likely going to be from NYC and California. I would guess that just about everyone younger than 28 making over $100,000 lives in one of the two. My company I think pays 20% more if you live in California, and 30% more if you live in NYC or SF. The cost difference is even greater - though you get the "luxury" of living where you do. Anyway, money is suck a tricky thing. I bet someone living in Oklahoma City making$60,000 can save more for B-school than someone in NYC making $100,000. I disagree with your geographic point. I live in a very low cost of living Midwest city and I'm under 28 in the 6 figure range. I have plenty of peers not in NYC/LA/SFO. And yes, I enjoy that my mortgage on a lovely townhouse is much lower than NYC rent. _________________ Intern Joined: 25 Sep 2010 Posts: 27 Location: United States Schools: Bocconi '17 (M) GMAT 1: 700 Q47 V40 GPA: 3.68 WE: Analyst (Telecommunications) Followers: 0 Kudos [?]: 4 [0], given: 3 Re: How much$ do you currently make? [#permalink]

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20 Jan 2012, 13:13
You think most people making six figures or more won't be living in high cost areas?
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Re: How much $do you currently make? [#permalink] ### Show Tags 20 Jan 2012, 13:36 xzeppelin wrote: I just passed the 50k point this year with my bonus. I know that my salary is well below the average at most of the schools I've been applying to. I gave up higher salaries to gain five years of work experience in emerging markets though, where obviously salaries are lower (but so are costs of living). I can't help but feel it has hurt my application a bit, especially since just a couple years ago I was only in the mid-range of the bottom bracket. But at least Ross seems to have viewed this fairly as my gaining unique business experience abroad. I just hope it doesn't affect my recruiting or post-MBA salary either, though I'm sure it will (I want to stay home and work in the States). On the flipside, I've saved more for b-school than most of my friends making much more than me and living in Chicago have...and also since I'm abroad I don't have to pay any income taxes Isn't 50K USD a very good salary in China. Is it so in India? Can you compare that to say,$150 USD in US?
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20 Jan 2012, 14:37
There are others more qualified than me to comment on this but I think AdCom's ask for the "how much do you make" question a) for demographic research and b) to compare it to your starting salary to gauge how much you've been promoted/received merit increases. I think that progression is more important than anything.

For people in their 20s work experience is much more important that what you make and many people make a conscious decision to take less pay for better training/opportunities. AdComs are aware of this. Also keep in mind that 2008 through 2010 were very weird for compensation, with many companies freezing pay or limiting increases.

My salary is well above average pay for people my age but likley on the low to middle end for someone with my experience in consulting (although I don't do strategy consulting). I highly doubt it will be the reason for me to receive a ding at any school I applied. Maybe I'm naive, but I just think there are too many factors the blur to picture for AdComs to rely too heavily on it, aside from obvious red flags like someone showing no real increases over a 3 to 5 year period.
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20 Jan 2012, 15:00
So I changed the poll to be more useful for this middle range of income 50-150, but in the process we lost all the previous data. For this i'm sorry! But, I believe the poll is awesome, and will be much more interesting to see the new results. So re-vote!!!

Thanks all
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21 Jan 2012, 07:16
ukulelegal85 wrote:
And what industry are you currently in as well as how many years out of undergrad?

I'm amazed that people earning over $150K already go to business school, is that to make even more immediately after?? I'll start:$65K / advertising / 3 yeras

(Mod Note: Added a poll per responses)

I earn more than an average MBA graduate, but my salary will not buy me the things that I will attain with an MBA: geography change and a great network.
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Re: How much $do you currently make? [#permalink] ### Show Tags 21 Jan 2012, 09:42 What an awesome topic! I had no idea how many high earners there are that decide to go to b-school. Having finished undergrad in a tough job market (08), with an average GPA from a no-name school, it’s no wonder why I’m on the opposite end of the spectrum, so going to b-school is a no-brainer for me. I gross 51k (after a healthy promotion, nonetheless) and, living in Cali and being single with no kids, only net about 34k of that. So I don’t have much forgone salary to worry about and I’m confident I can near double my salary after graduation from any of the top 25 b-schools. So, two-year work break, I get to live in a new city for 2-years, I get to learn a ton, I get to meet a bunch of new amazing people, AND (hopefully) have a shiny new job at the end with very little financial risk (especially if I get a healthy scholarship)...uhhhh…sign me up please. I must say, however, that if I was currently making 100-150k doing what I’m doing now, I wouldn’t even consider leaving my job for b-school. That’s probably just because I have a great work/life balance and I’m very risk-averse, but it would just strike me as a lot lost for a lot of uncertainty. Although I do understand how badly everyone wants the amazing b-school experience. _________________ It's better to be lucky than to be good. GMAT Club Premium Membership - big benefits and savings Re: How much$ do you currently make?   [#permalink] 21 Jan 2012, 09:42

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