Find all School-related info fast with the new School-Specific MBA Forum

It is currently 21 Dec 2014, 19:29

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

MBA career promises: Behind the fancy job stats

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
2 KUDOS received
SVP
SVP
User avatar
Status: Burning mid-night oil....daily
Joined: 07 Nov 2008
Posts: 2400
Schools: Yale SOM 2011 Alum, Kellogg, Booth, Tuck
WE 1: IB - Restructuring & Distressed M&A
Followers: 74

Kudos [?]: 690 [2] , given: 548

Reviews Badge
MBA career promises: Behind the fancy job stats [#permalink] New post 13 Sep 2011, 07:54
2
This post received
KUDOS
MBA career promises: Behind the fancy job stats

They sure sound lovely, but prospective MBAs should not view the school-reported salary averages as a guarantee of a sweet paycheck come graduation day.


http://management.fortune.cnn.com/2011/ ... Stories%29
Expert Post
Founder
Founder
User avatar
Affiliations: UA-1K, SPG-G, HH-D
Joined: 04 Dec 2002
Posts: 12550
Location: United States (WA)
GMAT 1: 750 Q49 V42
GPA: 3.5
WE: Information Technology (Hospitality and Tourism)
Followers: 2423

Kudos [?]: 10425 [0], given: 3784

GMAT ToolKit User Premium Member CAT Tests
Re: MBA career promises: Behind the fancy job stats [#permalink] New post 13 Sep 2011, 09:09
Expert's post
Thank you!
Very interesting indeed.

Quote:
Most aggregate salary data for MBA graduates is anything but conclusive. While the Graduate Management Admission Council reports that the median starting salary for 2010 grads was $78,820 -- with 42% receiving a median $15,000 signing bonus, PayScale research indicates that the average 2010 starting MBA salary was $61,000 including bonuses. The PayScale data, which screened for anyone who identified as having an MBA, is drawn from a larger and more inclusive, but probably less elite pool of grads.



This is very interesting as well:
Quote:
"One thing that's absolutely clear is that if you just go to a random MBA program it is not a guaranteed route to a six-figure salary after you finish," Lee says. "The top 20 programs, there's a decent chance that could happen, but once you get out of the top 20, that's just not the case."

_________________

Founder of GMAT Club

Just starting out with GMAT? Start here... | Want to know your GMAT Score? Try GMAT Score Estimator
Need GMAT Book Recommendations? Best GMAT Books

Co-author of the GMAT Club tests

Have a blog? Feature it on GMAT Club!

Re: MBA career promises: Behind the fancy job stats   [#permalink] 13 Sep 2011, 09:09
    Similar topics Author Replies Last post
Similar
Topics:
Career Advice/MBA: Current Teacher Debating Future Jobs robhalfdollar 0 24 Nov 2012, 20:39
Experts publish their posts in the topic Career Advice/MBA: Current Teacher Debating Future Jobs robhalfdollar 1 24 Nov 2012, 20:36
Post MBA careers in business related jobs. rmarzouk 3 13 Mar 2012, 18:54
Wharton Career stats - Just 57% Campus Ozmba 5 05 Nov 2006, 09:28
Experts publish their posts in the topic Kellogg application - job stats round2_hopeful 6 05 Dec 2005, 06:38
Display posts from previous: Sort by

MBA career promises: Behind the fancy job stats

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.