forsports
Thanks, Alex. Makes sense. I was just trying to make sense of the career salary difference between schools such as NYU and Columbia. I can see Harvard grads getting a better position due to its brand but I wonder why a NYU grad will have such an advantage over a Columbia grad (or vice-versa) with all else equal. Perhaps, I'm reading too much into the figures. Also, the data might be too 'dirty' to analyze.
For the kind of insight you're after, you can't really look at compensation figures because as you said it - the data is too dirty to really analyze.
Even for the most money-centric student, money is not the sole factor in their decisions. For example, the non-M/B/B consulting firms have been known to pay a higher salary than M/B/B, but for many MBAs faced with that decision, a good number will still choose M/B/B (which would then lower the "average salary" numbers). There's also geography as well -- NYC- and SF-based firms tend to pay more than others because of the cost of living and labor market, and some firms will include that as well.
Moreover, people simply choose different career paths, and those career simply pay people differently. On the whole, Wall Street pays a LOT more (oftentimes multiples of what you'd get anywhere else over the years), but even pre-2008 it wasn't like the majority of MBAs were clamoring to go into finance. So some schools will simply have a higher average comp because of the preferences of their students.
Ultimately, it still comes down to the individual. Where schools can matter is getting access to that very first meeting (i.e. if you're looking outside of traditional on-campus recruiting, having access to alums in your field can help at least make the cold calling process easier; also, job leads also come from your fellow classmates, and if you have high caliber classmates, chances are they have access to higher quality leads/contacts). But once you enter that door, it's all on you the individual, and from that first interview to the final offer letter - it has little to do with your school, and everything to do with YOU as an individual taken as a whole.