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Is low salary a problem for applying for a good MBA program?

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Is low salary a problem for applying for a good MBA program? [#permalink] New post 18 Apr 2012, 08:24
This is my situation:

Gmat Score: I have been preparing it for some time, pretty sure i will get into the 700-730 range.

Work experience: I have been working in a small company (retail business) for 6 years. my title went from IT consultant, to Assistant GM, lastly to General manager. When i was in the management position, the business grew from 2 stores to 6 stores. The business also improved a lot in many other areas.

Undergrad GPA: 2.95, graduated from state U of new york with BS in computer science.

Target school: I am targeting MBA program in the 10-20 ranking. I really like McCombs (Texas), Darden (Virginia) , and cornell (NY).

MY Question:
As the subject stated, my salary is low. I just find out that i have to provide my salary information with the application. This makes me worry.

My starting salary was $20,000, and my ending annual salary is only $26,000. This is because the company just get started, and couldn't afford paying a lot to its employee. The owner offered me shares of the business as he promoted me. i didn't leave the company because i think the experience i got will be useful for my future career.

My concern is that,when my application is being reviewed, would they think that "this guy only making $26,000 a year as a general manager? There must be something wrong."

Is the low salary gonna be a problem? Is there somewhere in my application i can put a explanation about that? or maybe it is not necessary at all?

please give me some advices, THANKS!

Last edited by leokoo on 19 Apr 2012, 13:50, edited 1 time in total.
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Re: Is low salary a problem for applying for a good MBA program? [#permalink] New post 19 Apr 2012, 05:00
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Well it can put you at a disadvantage. We do live in a meritocracy, and one of the basic ways we judge each other is through salary. having such a low salaryis not a "problem" per se... meaning if you have done other great things in your job it shouldn't really harm your application, but the AdCom might wonder why you remained and did not move on, their logic being "if you were so good, why didn't you get more?" and usually the best strategy to take here is to nip it in the bud by addressing the issue explicitly in one of your essays.
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Re: Is low salary a problem for applying for a good MBA program? [#permalink] New post 19 Apr 2012, 06:05
Another way to look at this (and I ask because I do not know) is how much do other people in your position make? What is the market rate for an IT GM? If it is say 70k and you make 26k then it may cause some "hmmm's" I would imagine
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Re: Is low salary a problem for applying for a good MBA program?   [#permalink] 19 Apr 2012, 06:05
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Is low salary a problem for applying for a good MBA program?

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