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1. How good of friends do people become at a top MBA program? 2. What top post-MBA position/career will I learn the most skills that will make me especially qualified for my dream job as an executive for a large non-profit? 3. What are the typical hours and salaries of the jobs taken by MBA graduates from Stanford Graduate School of Business and Harvard Business School? (guesses below)
Private Equity: $250k* for 100 hrs/week Hedge Funds: $250k for 80 hrs/week Investment Banking: $200k for 100 hrs/week Management Consulting: $180k for 80 hrs/week Product Management: $150k for 60 hrs/week Brand Management: $100k for 50 hrs/week Accounting: no idea Supply Chain Management: no idea
1. When you live, eat, sleep, breathe, recruit, and travel with the same people, it is very hard not to make amazing friends in the process. 2. Management consulting is generally regarded as excellent preparation for executive roles. 3. See below for my comments. These are some approximation of median numbers.
Private Equity: $250k* for 100 hrs/week - Varies wildly ($100k-$250k based) and largely dependent on whether you have previous PE experience. Hedge Funds: $250k for 80 hrs/week - simlar to PE Investment Banking: $200k for 100 hrs/week - 1st year salaries for IB and MC are very similar. Typical package for IB might be $130k base + $40k signing + 10-40% bonus Management Consulting: $180k for 80 hrs/week - 60-70 hours/week + travel. $140k base + $25k signing + $10-40k bonus Product Management: $150k for 60 hrs/week - $135k + 20k signing + ??? year end Brand Management: $100k for 50 hrs/week - similar to product management Accounting: no idea - not many MBA accountants that I know Supply Chain Management: no idea - $120k + 20k signing + ??? year end
Well..looking at your passion for travelling I would suggest that you take up colleges which offer student exchange programs. I mean, you know its a good thing that you get to travel through such programs, and learn about cultures of that region, you interact with these people. But..I also think that there is some downside to it. I mean wouldn't you want to spend time with your close friends instead of drifting apart? Like..at college level these are guys who finally become your really close friends. Going away from them could be a little difficult..
Re: Various B-School Questions
28 Oct 2014, 02:29