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To make picking a school even harder...

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To make picking a school even harder... [#permalink] New post 10 Feb 2009, 10:47
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Re: To make picking a school even harder... [#permalink] New post 10 Feb 2009, 10:57
Something is weird about those numbers.

If you compare Duke and Tuck, Tuck beats Duke in total compensation for every year mentioned, but ends up behind in overall compensation?

How does that happen?

RF
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Re: To make picking a school even harder... [#permalink] New post 10 Feb 2009, 11:04
In my opinion, these numbers have been scaled downwards a lot. As someone else mentioned, I think $200K is more of a fair number for 5 years out of school for the average graduate of a top program, not 20 years out.

The people whose salaries are published on PayScale.com are likely those who are looking for jobs through pedestrian websites (i.e. likely the bottom 25% of the class at a top school). Once you hit a certain point in your career, you don't use websites like these anymore, but rather connections and top level executive recruiters.
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Re: To make picking a school even harder... [#permalink] New post 10 Feb 2009, 11:05
Yup ... something is definitely wrong with that table. Ross and Darden grads make less after five years than they do at graduation?!!!
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Re: To make picking a school even harder... [#permalink] New post 10 Feb 2009, 12:26
yaazol wrote:
Yup ... something is definitely wrong with that table. Ross and Darden grads make less after five years than they do at graduation?!!!


Yea there are some other points in the data where that happens as well.
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Re: To make picking a school even harder... [#permalink] New post 10 Feb 2009, 12:36
Average pay 5 years out might actually go down.... consider this:

Upon graduation a vast majority of the students will enter the job market. 5 years out, for various reason, many may have dropped ot of the job market (maybe to have children, perhaps they made their bucks and want to travel or become 'writers') This mean their income could be $0, thus bringing down the average a great deal, lower even than upon graduation.
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Re: To make picking a school even harder... [#permalink] New post 10 Feb 2009, 12:45
Poor Ross
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Re: To make picking a school even harder... [#permalink] New post 10 Feb 2009, 12:51
IgnitedMind wrote:
Average pay 5 years out might actually go down.... consider this:

Upon graduation a vast majority of the students will enter the job market. 5 years out, for various reason, many may have dropped ot of the job market (maybe to have children, perhaps they made their bucks and want to travel or become 'writers') This mean their income could be $0, thus bringing down the average a great deal, lower even than upon graduation.


Agree. This data would be more beneficial if it was more granular (seperated by industry, those still in the work force, median vs mean, etc). I just have a really, really hard time believing that these numbers really capture an MBA's true earning potential.
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Re: To make picking a school even harder... [#permalink] New post 10 Feb 2009, 13:20
IgnitedMind wrote:
Average pay 5 years out might actually go down.... consider this:

Upon graduation a vast majority of the students will enter the job market. 5 years out, for various reason, many may have dropped ot of the job market (maybe to have children, perhaps they made their bucks and want to travel or become 'writers') This mean their income could be $0, thus bringing down the average a great deal, lower even than upon graduation.


But then, if they've left the workforce, they shouldn't be included. These are what you call out of the labour force. Its not the same as employed or unemployed.
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Re: To make picking a school even harder... [#permalink] New post 10 Feb 2009, 13:47
JayPX1 wrote:
Once you hit a certain point in your career, you don't use websites like these anymore, but rather connections and top level executive recruiters.


Good point. I never thought of that, but it's very true. Most of the guys I know who have made a name for themselves don't look for jobs on monster.com.

RF
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Re: To make picking a school even harder... [#permalink] New post 10 Feb 2009, 18:46
Do the salaries quoted include hiring bonus? if so, that might bump up the first-year-after-MBA job salaries...
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Re: To make picking a school even harder... [#permalink] New post 11 Feb 2009, 06:44
refurb wrote:
Something is weird about those numbers.

If you compare Duke and Tuck, Tuck beats Duke in total compensation for every year mentioned, but ends up behind in overall compensation?

How does that happen?

RF


I see
Tuck's overall compensation = 3,181,610
Duke's overall compensation = 2,868,020

which I think is in line with other data.

@isa .. The methodolgy says that bonus is included.
Re: To make picking a school even harder...   [#permalink] 11 Feb 2009, 06:44
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