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POLL: How much are you walking away from?

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How much are you walking away from?

  • 2% [4]
  • 3% [5]
  • 4% [6]
  • 9% [14]
  • 10% [15]
  • 20% [30]
  • 13% [20]
  • 9% [14]
  • 17% [26]
  • 7% [11]
Author Message
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Current Student
User avatar
Joined: 16 Aug 2009
Posts: 344
Schools: Columbia Business School - Class of 2012
Followers: 3

Kudos [?]: 37 [0], given: 22

GMAT Tests User
POLL: How much are you walking away from? [#permalink] New post 02 Jan 2010, 16:11
As we all begin to hand in our resignation letters and notify our employers that we're leaving, I just thought I'd take a quick poll to see how much everyone is walking away from?

Guidelines:

1) Please only reply if you are pursuing a full-time MBA. No part-time or exec MBAs please.
2) Please include annual base salary and bonus/incentive compensation for 2009.
3) This is totally anonymous. There is no need to make a post to this thread. Just reply to the poll.
Manager
Manager
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Joined: 28 Dec 2009
Posts: 245
Location: New York City
Schools: Wharton, Chicago, Columbia, NYU, Harvard, Stanford
Followers: 4

Kudos [?]: 101 [0], given: 13

GMAT Tests User
Re: POLL: How much are you walking away from? [#permalink] New post 02 Jan 2010, 19:21
Nice idea, eminent; I've been curious about this too. Should those of us who have not yet received acceptances participate as well? After all, our current salaries represent how much we would be willing to walk away from if we get accepted this spring.
Current Student
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Joined: 16 Aug 2009
Posts: 344
Schools: Columbia Business School - Class of 2012
Followers: 3

Kudos [?]: 37 [0], given: 22

GMAT Tests User
Re: POLL: How much are you walking away from? [#permalink] New post 02 Jan 2010, 19:44
Aenigma wrote:
Nice idea, eminent; I've been curious about this too. Should those of us who have not yet received acceptances participate as well? After all, our current salaries represent how much we would be willing to walk away from if we get accepted this spring.


Yes, I would go ahead and post if you plan to attend this Fall.
Senior Manager
Senior Manager
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Joined: 26 May 2008
Posts: 432
Schools: Kellogg Class of 2012
Followers: 4

Kudos [?]: 57 [0], given: 4

GMAT Tests User
Re: POLL: How much are you walking away from? [#permalink] New post 03 Jan 2010, 04:09
The main poll is OK for USD/Euro/Pound

I suggest including an additional option for international salaries converted into USD just so it doesn't skew the poll result.

Something like - international salary(converted) - below 50K USD or below 100k USD.

Cheers,

Unplugged
VP
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Joined: 28 Feb 2008
Posts: 1323
Schools: Tuck
Followers: 6

Kudos [?]: 117 [0], given: 6

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Re: POLL: How much are you walking away from? [#permalink] New post 03 Jan 2010, 07:11
Don't forget that you're walking away from paying a lot of taxes too.

RF
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Current Student
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Joined: 23 Oct 2009
Posts: 230
Schools: Wharton!!! Stern Columbia HBS
Followers: 3

Kudos [?]: 42 [0], given: 6

GMAT Tests User
Re: POLL: How much are you walking away from? [#permalink] New post 03 Jan 2010, 07:19
refurb wrote:
Don't forget that you're walking away from paying a lot of taxes too.

RF


Definitely appreciate that reminder on days when I am freaked out about impending student debt 8-)
Current Student
User avatar
Joined: 16 Aug 2009
Posts: 344
Schools: Columbia Business School - Class of 2012
Followers: 3

Kudos [?]: 37 [0], given: 22

GMAT Tests User
Re: POLL: How much are you walking away from? [#permalink] New post 04 Jan 2010, 17:20
Thanks to everyone who responded. We ended up with a really nice sample size. I can't say that I'm surprised -- these figures seem to closely mirror the pre-MBA median comp figures that Forbes or BusinessWeek publsh.
Current Student
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Joined: 18 Jun 2009
Posts: 367
Followers: 4

Kudos [?]: 30 [0], given: 21

GMAT Tests User
Re: POLL: How much are you walking away from? [#permalink] New post 04 Jan 2010, 18:35
7% are earning more than 150k.Who would they be? Analysts in IBs?
Current Student
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Joined: 16 Aug 2009
Posts: 344
Schools: Columbia Business School - Class of 2012
Followers: 3

Kudos [?]: 37 [0], given: 22

GMAT Tests User
Re: POLL: How much are you walking away from? [#permalink] New post 04 Jan 2010, 18:55
Class2012 wrote:
7% are earning more than 150k.Who would they be? Analysts in IBs?


Anyone in investment banking, private equity, or hedge funds should be there. Most in traditional investment management should be close too.
GMAT Club Legend
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Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 252

Kudos [?]: 1532 [0], given: 7

GMAT Tests User Premium Member
Re: POLL: How much are you walking away from? [#permalink] New post 04 Jan 2010, 19:27
Those at the < 30K going into consulting or banking are going to feel REALLY rich for a few months. Talk about ROI.
Current Student
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Joined: 25 Mar 2007
Posts: 98
Location: Hanover, NH
Schools: Tuck class of 2012
WE 1: 2 years market development (public)
WE 2: 5 years corporate finance (private)
Followers: 4

Kudos [?]: 11 [0], given: 2

Re: POLL: How much are you walking away from? [#permalink] New post 04 Jan 2010, 20:26
eminent wrote:
Class2012 wrote:
7% are earning more than 150k.Who would they be? Analysts in IBs?


Anyone in investment banking, private equity, or hedge funds should be there. Most in traditional investment management should be close too.


Older applicants with an expatriation contract in a manufacturing company can do that too. 8-)
1 KUDOS received
Current Student
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Joined: 16 Aug 2009
Posts: 344
Schools: Columbia Business School - Class of 2012
Followers: 3

Kudos [?]: 37 [1] , given: 22

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Re: POLL: How much are you walking away from? [#permalink] New post 15 Jan 2010, 07:44
1
This post received
KUDOS
I'm getting depressed looking at my 2009 W-2 and realizing it's going to be halfed in 2010 :(
Current Student
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Joined: 18 Jun 2009
Posts: 367
Followers: 4

Kudos [?]: 30 [0], given: 21

GMAT Tests User
Re: POLL: How much are you walking away from? [#permalink] New post 15 Jan 2010, 08:01
eminent wrote:
I'm getting depressed looking at my 2009 W-2 and realizing it's going to be halfed in 2010 :(


Think about how it would be in 2013.That should make you happy. :-D
Current Student
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Joined: 10 Dec 2009
Posts: 137
Schools: Kellogg Class of 2012
Followers: 1

Kudos [?]: 6 [0], given: 1

Re: POLL: How much are you walking away from? [#permalink] New post 15 Jan 2010, 10:23
oh man, there are lot of people making a lot of money going into B-school, no wonder everyone wants to get into high paying banking hedge fund job afterwards, it's all about ROI ROI~
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Intern
Intern
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Joined: 16 Nov 2009
Posts: 12
Followers: 0

Kudos [?]: 2 [0], given: 0

Re: POLL: How much are you walking away from? [#permalink] New post 29 Jan 2010, 08:12
Remember your stats course guys: self-selection bias.

My guess is that the real distribution is a little more normalized than what we're seeing above. I personally know far more future-MBAers making between $45-65k than $100+
Manager
Manager
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Joined: 22 Jan 2010
Posts: 123
Schools: UCLA, INSEAD
Followers: 2

Kudos [?]: 4 [0], given: 15

Re: POLL: How much are you walking away from? [#permalink] New post 29 Jan 2010, 08:21
Nice post. I always wanted to know about that.
Current Student
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Joined: 14 Jan 2010
Posts: 122
Followers: 2

Kudos [?]: 36 [0], given: 17

Re: POLL: How much are you walking away from? [#permalink] New post 29 Jan 2010, 09:53
My salary is publically available since I'm a civil servant :)

In any case, it definitely upset me when I figured out that I won't be making any more money in salary the first couple of years after b-school than I am right now but while applying I reminded myself that the salary progression I would see after moving into finance would be significantly better than my salary as a federal attorney. My upward mobility has pretty much flattened out here since I reached the highest non-supervisory grade at my agency. Plus, there's the additional benefit of actually being passionate about my job, upward career mobility and job flexibility
Current Student
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Joined: 16 Aug 2009
Posts: 344
Schools: Columbia Business School - Class of 2012
Followers: 3

Kudos [?]: 37 [0], given: 22

GMAT Tests User
Re: POLL: How much are you walking away from? [#permalink] New post 11 Feb 2010, 13:05
Bump
Re: POLL: How much are you walking away from?   [#permalink] 11 Feb 2010, 13:05
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POLL: How much are you walking away from?

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