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Forbes pulled out all the stops when they published an article called “The MBA Megabucks CEOs.” Most of us are interested in the average MBA salary question when it comes to rating our potential return on investment from business school, but the kind of megabucks this article was talking about are above and beyond what any of us dream of making– or are they? I mean, it’s not for nothing that nine out of ten high school yearbook quotes talk about shooting for the moon.
As it turns out, forty out of the 100 best paid CEOs in America during 2011 hold an MBA degree. So an MBA can mean megabucks, but it doesn’t necessarily guarantee it. But we knew that already. While the promise (or better-than-average chance) of seeing a return on our investment in graduate education is an important factor in our decision to go, I hope it is not the only factor you are considering.
Don’t get an MBA just to get a bigger paycheck. Have more purpose than that– business school will reward that sense of purpose and drive. As sentimental as it may sound, I hope you pursue an advanced degree mainly out of a desire to become a better person. That way, if you do end up with the Big Stack, you’ll do some good with it.
For those of us who are interested in the best path to success, PayScale has provided a basic infographic on what paths MBA’s take for the big payoff:
As you do your obligatory (and highly recommended) cost/benefit analysis of the material and career benefits of business school, remember to take into account your field of work and what you actually want to do with your degree once you have it in your hands.
Remember that the MBA is a tool, and only as good as what you are willing to do with it. Let us know if we can help you navigate some of these questions and pathways, here in the comments section or in the classroom. Try a free practice GMAT to see where you stand, and then let us help you unlock your future good life.
The post Average MBA Salary and MBA Megabucks CEOs appeared first on Kaplan GMAT Blog.
