{"id":15473,"date":"2012-11-13T14:43:14","date_gmt":"2012-11-13T21:43:14","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=15473"},"modified":"2012-11-13T14:43:14","modified_gmt":"2012-11-13T21:43:14","slug":"what-did-the-class-of-2012-make-this-year","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/what-did-the-class-of-2012-make-this-year\/","title":{"rendered":"What Did the Class of 2012 Make this Year?"},"content":{"rendered":"<p><a href=\"https:\/\/gmatclub.com\/blog\/wp-content\/uploads\/2012\/11\/png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-15474\" title=\"$\" src=\"https:\/\/gmatclub.com\/blog\/wp-content\/uploads\/2012\/11\/png\" alt=\"$\" width=\"150\" height=\"150\" \/><\/a>The <a href=\"https:\/\/poetsandquants.com\/2012\/11\/02\/what-the-class-of-2012-made-this-year\/\"><em>Poets &amp; Quants<\/em> article<\/a> that covers this topic starts out like this: \u201cif you still need evidence that a highly ranked MBA degree is worth the investment, look no further than this year\u2019s starting median salaries.\u201d<\/p>\n<p>I guess this year\u2019s class fared pretty well!<\/p>\n<p>The article continues to point out that the actual salaries are not that much higher than in previous years, but that it\u2019s the percentage of growth from pre-MBA salaries to post that indicates the significant shift.<\/p>\n<p>Here are some highlights from the article (the percentages are for median starting salaries, excluding signing bonuses):<\/p>\n<ul>\n<li>The highest percentage increase over pre-MBA salaries goes to Michigan State\u2019s Broad School \u2013 a 268.6% increase!<\/li>\n<li>Notre Dame Mendoza\u2019s 2012 grads reported a 148.8% increase over their pre-MBA salaries.<\/li>\n<li>Minnesota Carlson \u2013 up 132.2%.<\/li>\n<li>UNC Kenan-Flagler \u2013 up 122.2%.<\/li>\n<li>Indiana Kelley \u2013 up 119.6%.<\/li>\n<li>Stanford GSB graduates reported the highest median starting salary at $125,000 and a 38.9% increase over their pre-MBA salaries.<\/li>\n<li>Harvard and Wharton 2012 graduates landed a median salary of $120,000. The increase from pre-MBA to post-MBA salaries, however, was only 33.3%, the lowest increase of the top 30 MBA programs.<\/li>\n<li>3 out of 4 HBS graduates received a median signing bonus of $20,000.<\/li>\n<li>1 in 5 HBS grads received a median bonus of $25,230 which was designated as \u201cother guaranteed compensation.\u201d<\/li>\n<li>Cornell Johnson, Yale SOM, USC Marshall, Emory Goizueta, Texas McCombs, UNC Kenan-Flagler, and NYU Stern all reported median starting salaries of $100,000.<\/li>\n<li>Chicago Booth grads reported a median starting salary of $115,000, an $8,000 increase over last year (2011) and a $13,000 increase over the year before (2010).<\/li>\n<li>Duke Fuqua starting salaries were at $110,000, up $8,600 from last year (2011) and $10,000 from the year before (2010).<\/li>\n<\/ul>\n<p>This chart (from <em>P&amp;Q<\/em>) provides more details:<\/p>\n<table style=\"width: 599px; height: 466px;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td><strong>School<\/strong><\/td>\n<td><strong>2012 Median Salary<\/strong><\/td>\n<td><strong>Post-MBA Pay Hike<\/strong><\/td>\n<td><strong>2011<\/strong><\/td>\n<td><strong>2010<\/strong><\/td>\n<\/tr>\n<tr>\n<td>1. Stanford GSB<\/td>\n<td>$125,000<\/td>\n<td>38.9%<\/td>\n<td>$125,000<\/td>\n<td>$120,000<\/td>\n<\/tr>\n<tr>\n<td>2. Harvard<\/td>\n<td>$120,000<\/td>\n<td>33.3%<\/td>\n<td>$120,000<\/td>\n<td>$110,000<\/td>\n<\/tr>\n<tr>\n<td>2. UPenn (Wharton)<\/td>\n<td>$120,000<\/td>\n<td>33.3%<\/td>\n<td>$120,000<\/td>\n<td>$110,000<\/td>\n<\/tr>\n<tr>\n<td>4. MIT Sloan<\/td>\n<td>$118,500<\/td>\n<td>48.1%<\/td>\n<td>$119,000<\/td>\n<td>$110,000<\/td>\n<\/tr>\n<tr>\n<td>5. Chicago (Booth)<\/td>\n<td>$115,000<\/td>\n<td>53.4%<\/td>\n<td>$107,000<\/td>\n<td>$102,000<\/td>\n<\/tr>\n<tr>\n<td>6. Northwestern (Kellogg)<\/td>\n<td>$115,000<\/td>\n<td>45.6%<\/td>\n<td>$110,000<\/td>\n<td>$105,000<\/td>\n<\/tr>\n<tr>\n<td>6. Dartmouth (Tuck)<\/td>\n<td>$115,000<\/td>\n<td>77.7%<\/td>\n<td>$110,000<\/td>\n<td>$105,000<\/td>\n<\/tr>\n<tr>\n<td>8. UC-Berkeley (Haas)<\/td>\n<td>$115,000<\/td>\n<td>59.7%<\/td>\n<td>$111,000<\/td>\n<td>$110,000<\/td>\n<\/tr>\n<tr>\n<td>9. Duke (Fuqua)<\/td>\n<td>$110,000<\/td>\n<td>83.3%<\/td>\n<td>$101,400<\/td>\n<td>$100,000<\/td>\n<\/tr>\n<tr>\n<td>9. Michigan (Ross)<\/td>\n<td>$110,000<\/td>\n<td>80.3%<\/td>\n<td>$103,000<\/td>\n<td>$100,000<\/td>\n<\/tr>\n<tr>\n<td>9. Columbia<\/td>\n<td>$110,000<\/td>\n<td>37.5%<\/td>\n<td>$110,000<\/td>\n<td>$100,000<\/td>\n<\/tr>\n<tr>\n<td>12. Virginia (Darden)<\/td>\n<td>$105,000<\/td>\n<td>59.1%<\/td>\n<td>$100,000<\/td>\n<td>$100,000<\/td>\n<\/tr>\n<tr>\n<td>12. Carnegie Mellon (Tepper)<\/td>\n<td>$105,000<\/td>\n<td>101.9%<\/td>\n<td>$100,000<\/td>\n<td>$95,000<\/td>\n<\/tr>\n<tr>\n<td>14. UCLA (Anderson)<\/td>\n<td>$103,500<\/td>\n<td>66.9%<\/td>\n<td>$100,000<\/td>\n<td>$100,000<\/td>\n<\/tr>\n<tr>\n<td>15. USC (Marshall)<\/td>\n<td>$100,000<\/td>\n<td>53.8%<\/td>\n<td>$96,000<\/td>\n<td>$94,000<\/td>\n<\/tr>\n<tr>\n<td>16. Cornell (Johnson)<\/td>\n<td>$100,000<\/td>\n<td>66.7%<\/td>\n<td>$100,000<\/td>\n<td>$96,000<\/td>\n<\/tr>\n<tr>\n<td>16. Emory (Goizueta)<\/td>\n<td>$100,000<\/td>\n<td>100%<\/td>\n<td>$100,000<\/td>\n<td>$90,000<\/td>\n<\/tr>\n<tr>\n<td>16. UNC (Kenan-Flagler)<\/td>\n<td>$100,000<\/td>\n<td>122.2%<\/td>\n<td>$100,000<\/td>\n<td>$95,000<\/td>\n<\/tr>\n<tr>\n<td>16. Texas-Austin (McCombs)<\/td>\n<td>$100,000<\/td>\n<td>55.0%<\/td>\n<td>$100,000<\/td>\n<td>$95,000<\/td>\n<\/tr>\n<tr>\n<td>16. NYU (Stern)<\/td>\n<td>$100,000<\/td>\n<td>48.4%<\/td>\n<td>$100,000<\/td>\n<td>$100,000<\/td>\n<\/tr>\n<tr>\n<td>16. Yale<\/td>\n<td>$100,000<\/td>\n<td>60.2%<\/td>\n<td>$100,000<\/td>\n<td>$100,000<\/td>\n<\/tr>\n<tr>\n<td>22. Notre Dame (Mendoza)<\/td>\n<td>$99,500<\/td>\n<td>148.8%<\/td>\n<td>$93,500<\/td>\n<td>$90,000<\/td>\n<\/tr>\n<tr>\n<td>23. Indiana (Kelley)<\/td>\n<td>$99,500<\/td>\n<td>119.6%<\/td>\n<td>$95,000<\/td>\n<td>$90,000<\/td>\n<\/tr>\n<tr>\n<td>24. Minnesota (Carlson)<\/td>\n<td>$97,505<\/td>\n<td>132.2%<\/td>\n<td>$95,507<\/td>\n<td>$90,000<\/td>\n<\/tr>\n<tr>\n<td>25. Rice (Jones)<\/td>\n<td>$95,000<\/td>\n<td>97.9%<\/td>\n<td>$95,000<\/td>\n<td>$95,000<\/td>\n<\/tr>\n<tr>\n<td>26. Brigham Young (Marriott)<\/td>\n<td>$94,050<\/td>\n<td>80.9%<\/td>\n<td>$92,000<\/td>\n<td>$88,550<\/td>\n<\/tr>\n<tr>\n<td>27. Georgia Tech (Scheller)<\/td>\n<td>$94,000<\/td>\n<td>50.0%<\/td>\n<td>$90,000<\/td>\n<td>$85,020<\/td>\n<\/tr>\n<tr>\n<td>28. Texas A&amp;M (Mays)<\/td>\n<td>$93,500<\/td>\n<td>60.6%<\/td>\n<td>$85,000<\/td>\n<td>$85,000<\/td>\n<\/tr>\n<tr>\n<td>29. SMU (Cox)<\/td>\n<td>$90,000<\/td>\n<td>50.0%<\/td>\n<td>$82,400<\/td>\n<td>$81,000<\/td>\n<\/tr>\n<tr>\n<td>30. Michigan State (Broad)<\/td>\n<td>$86,700<\/td>\n<td>268.6%<\/td>\n<td>$87,500<\/td>\n<td>$86,200<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>See the full <em>Poets &amp; Quants<\/em> article, \u201c<a href=\"https:\/\/poetsandquants.com\/2012\/11\/02\/what-the-class-of-2012-made-this-year\/\">What The Class of 2012 Made This Yea<\/a>r,\u201d for more info.<\/p>\n<p>Takeaways:<\/p>\n<ol>\n<li>For most people going to a ranked business school, <strong>an MBA is a profitable investment<\/strong>. And that\u2019s looking at it from a purely financial perspective. GMAC research also shows that MBAs have an extraordinarily high level of satisfaction with their MBA experience.<\/li>\n<li><strong>MBA admissions should not be \u201cTop 10 or Bust.\u201d<\/strong> Because starting salaries are so high for graduates of the \u201cGreater Top 10\u201d \u2013 roughly the top fifteen \u2013 many applicants don\u2019t want to consider anything outside those lofty tiers. However, depending on your goals and background, the schools outside the top fifteen can provide a very healthy ROI. If you can\u2019t get into the top tier, then consider programs that support your goals and are not so highly ranked. Unless your pre-MBA salary is already approaching six figures, your MBA may still pay off handsomely.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><em><span class=\"full-image-block ssNonEditable\"><span><a href=\"https:\/\/blog.accepted.com\/wp-content\/uploads\/2011\/11\/logo-small-for-SF.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-4169\" style=\"border: 0pt none;\" title=\"Accepted.com\" src=\"https:\/\/blog.accepted.com\/wp-content\/uploads\/2011\/11\/logo-small-for-SF.jpg\" alt=\"Accepted.com\" width=\"111\" height=\"61\" \/><\/a><\/span><\/span><\/em> <em>Accepted.com ~ Helping You Write Your Best<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>Accepted.com's <a href=\"https:\/\/www.accepted.com\/aboutus\/AboutUs.aspx\" target=\"_blank\">experienced admissions consultants<\/a> can help you create the most impressive application possible with <a href=\"https:\/\/www.accepted.com\/Services\/MBAProgramServices.aspx\" target=\"_blank\">comprehensive packages<\/a>,<strong><em> <\/em><\/strong>or provide targeted assistance from <a href=\"https:\/\/www.accepted.com\/services\/mba\/admissionsconsulting.aspx\" target=\"_blank\">picking perfect programs<\/a> to <a href=\"https:\/\/www.accepted.com\/mba\/admissionsresume.aspx\" target=\"_blank\">designing a dazzling resume<\/a>, <a href=\"https:\/\/www.accepted.com\/mba\/essayediting.aspx\" target=\"_blank\">constructing engaging essays<\/a>, or <a href=\"https:\/\/www.accepted.com\/mba\/interviewservices.aspx\" target=\"_blank\">preparing for intense interview<\/a><a href=\"https:\/\/www.accepted.com\/mba\/interviewservices.aspx\" target=\"_blank\">s<\/a>\u2026and more! Accepted.com has guided thousands of applicants to acceptances at top MBA programs since 1994 \u2013 we know what works and what doesn't, so <a href=\"https:\/\/www.accepted.com\/contactus.aspx\" target=\"_blank\">contact us<\/a> to get started now!<\/p>\n<p><em>This article originally appeared on the <a href=\"https:\/\/blog.accepted.com\/2012\/11\/13\/what-did-the-class-of-2012-make-this-year\/\" target=\"_blank\">Accepted Admissions Consulting Blog<\/a>, the official blog of Accepted.com.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Poets &amp; Quants article that covers this topic starts out like this: \u201cif you still need evidence that a highly ranked MBA degree is worth the investment, look no&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,939,775,113],"tags":[445,168,819,34],"class_list":["post-15473","post","type-post","status-publish","format-standard","hentry","category-mba","category-accepted","category-admission-consultants","category-applications","tag-mba-salaries","tag-mba-value","tag-post-mba-salary","tag-salary","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/15473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/comments?post=15473"}],"version-history":[{"count":1,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/15473\/revisions"}],"predecessor-version":[{"id":15475,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/15473\/revisions\/15475"}],"wp:attachment":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/media?parent=15473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/categories?post=15473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/tags?post=15473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}