Last visit was: 22 Apr 2026, 07:15 It is currently 22 Apr 2026, 07:15
Home
Messages
Tests
Schools
Events
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
avatar
petervella
avatar
Joined: 23 Oct 2010
Last visit: 28 Feb 2011
Posts: 15
Posts: 15
Kudos: 0
Calling all 2011 CMU- Tepper Applicants 22 Dec 2010, 10:06
Kudos
Add Kudos
Bookmarks
Bookmark this Post
sscrewcaptain
shaselai
sscrewcaptain


Gaga I think there maybe an issue for Non-US citizen/perm residents because once you do find a job I believe you will not be able to job hop as easily becuase of visa restrictions etc. But that being said, I think if you goal is to make it past manager level in a company MBA is almost required. A big factor on salary jumps though is related to your last salary drawn before entering business school.

in some situations yes but i think some post mba jobs probably have a "defualt salary" especially for career switchers.

Yeah I can see a default salary for career switchers but its hard to justify 120k/yr for someone who's last salary drawn was $60k. So I think besides career switchers your last salary drawn will play a strong role esp when it comes to negotiating your compensation in this economic climate.
Show more

I don't think this is the case. Hiring companies have salary ranges for different jobs. If you're recruited for a job out of your MBA program, you'll be paid in the relevant bracket. They're not going to severely underpay you just because your pre-MBA job salary was low. Not to mention, it doesn't make sense for the organization to have one person being paid much less than another person doing the same job.

I also agree with screwcaptain, it's not about 2 yrs vs 5, it's about a career with an MBA (and everything associated with it) vs one without.
avatar
mbaapp07
avatar
Joined: 05 Nov 2010
Last visit: 23 Apr 2011
Posts: 80
Own Kudos:
18
Given Kudos: 4
Posts: 80
Kudos: 18
Calling all 2011 CMU- Tepper Applicants 22 Dec 2010, 10:24
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I don't think pre-mba salary makes much of a difference. Look at the statistics on Tepper's website that has pre mba experience vs post mba salary:

https://tepper.cmu.edu/corporations-and- ... index.aspx
avatar
gaga
avatar
Joined: 09 Mar 2010
Last visit: 28 May 2011
Posts: 176
Own Kudos:
15
Given Kudos: 3
Posts: 176
Kudos: 15
Calling all 2011 CMU- Tepper Applicants 22 Dec 2010, 11:27
Kudos
Add Kudos
Bookmarks
Bookmark this Post
sscrewcaptain
if you goal is to make it past manager level in a company MBA is almost required.
Show more

Not really. Almost 70% of the CEOs don't have MBAs and in my company, I cannot think of any VP/SVP/President who has an MBA; holy cow! our CEO also does not hold an MBA, neither the current one nor the past one!!!
User avatar
kegewe
User avatar
Joined: 09 Oct 2009
Last visit: 28 Jan 2012
Posts: 87
Own Kudos:
8
Given Kudos: 8
Schools:Ross(IN–full$)
WE 1: Investment Bank
WE 2: Company in NYC
Posts: 87
Kudos: 8
Calling all 2011 CMU- Tepper Applicants 22 Dec 2010, 12:10
Kudos
Add Kudos
Bookmarks
Bookmark this Post
gaga
sscrewcaptain
if you goal is to make it past manager level in a company MBA is almost required.

Not really. Almost 70% of the CEOs don't have MBAs and in my company, I cannot think of any VP/SVP/President who has an MBA; holy cow! our CEO also does not hold an MBA, neither the current one nor the past one!!!
Show more

Don't forget about the generation gap involved. 30 years ago, a college degree was considered impressive, now it is as good as graduating from high school. One purpose an MBA serves is to set yourself above the rest of the crowd. Its not about the degree, its about how the degree positions you when compared to the masses.
User avatar
shaselai
User avatar
Current Student
Joined: 12 Jun 2009
Last visit: 17 Jun 2019
Posts: 1,673
Own Kudos:
405
Given Kudos: 52
Status:What's your raashee?
Location: United States (NC)
Concentration: Strategy, Finance
Schools: UNC (Kenan-Flagler) - Class of 2013
GMAT 1: 720 Q49 V39
WE:Programming (Computer Software)
Products:
My Reviews
Schools: UNC (Kenan-Flagler) - Class of 2013
GMAT 1: 720 Q49 V39
Posts: 1,673
Kudos: 405
Calling all 2011 CMU- Tepper Applicants 22 Dec 2010, 12:14
Kudos
Add Kudos
Bookmarks
Bookmark this Post
kegewe


Don't forget about the generation gap involved. 30 years ago, a college degree was considered impressive, now it is as good as graduating from high school. One purpose an MBA serves is to set yourself above the rest of the crowd. Its not about the degree, its about how the degree positions you when compared to the masses.
Show more

exactly. Regardless how people view this it is what it is and people need to adapt or get swept away by new competitors. One has to stay ahead of the game to advance or even keep a job sadly nowadays.
avatar
gaga
avatar
Joined: 09 Mar 2010
Last visit: 28 May 2011
Posts: 176
Own Kudos:
15
Given Kudos: 3
Posts: 176
Kudos: 15
Calling all 2011 CMU- Tepper Applicants 22 Dec 2010, 12:15
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Even if I think about generation gap, Fortune's top 10 young professionals don't have MBA degree. And it's not that MBA degree itself is 30 years old. World's youngest CEO did not even finish high school!!!
User avatar
shaselai
User avatar
Current Student
Joined: 12 Jun 2009
Last visit: 17 Jun 2019
Posts: 1,673
Own Kudos:
405
Given Kudos: 52
Status:What's your raashee?
Location: United States (NC)
Concentration: Strategy, Finance
Schools: UNC (Kenan-Flagler) - Class of 2013
GMAT 1: 720 Q49 V39
WE:Programming (Computer Software)
Products:
My Reviews
Schools: UNC (Kenan-Flagler) - Class of 2013
GMAT 1: 720 Q49 V39
Posts: 1,673
Kudos: 405
Calling all 2011 CMU- Tepper Applicants 22 Dec 2010, 12:28
Kudos
Add Kudos
Bookmarks
Bookmark this Post
but those are rare occurences though. I think most of us here are not aiming for CEO positions so it is really a moot point.
User avatar
kegewe
User avatar
Joined: 09 Oct 2009
Last visit: 28 Jan 2012
Posts: 87
Own Kudos:
8
Given Kudos: 8
Schools:Ross(IN–full$)
WE 1: Investment Bank
WE 2: Company in NYC
Posts: 87
Kudos: 8
Calling all 2011 CMU- Tepper Applicants 22 Dec 2010, 12:34
Kudos
Add Kudos
Bookmarks
Bookmark this Post
gaga
Even if I think about generation gap, Fortune's top 10 young professionals don't have MBA degree. And it's not that MBA degree itself is 30 years old. World's youngest CEO did not even finish high school!!!
Show more

Right, but of the 3 million or so people in this country who represent the top 1%, 10 people who have had the luck/incredible insight/sheer genius to make it to the top seat of some of the top companies at a young age do not represent the clearest and lowest risk method of achieving success.

I could attempt to become a hollywood actor, and sure, the ones who make will be wealthy, but the ones who don't are still waiting tables. Sure, getting an MBA takes a bit longer than a rocketship to the CEO position, but it is a more surefire way of achieving success esp via a career change and esp in the areas that mba specializes in.
avatar
gaga
avatar
Joined: 09 Mar 2010
Last visit: 28 May 2011
Posts: 176
Own Kudos:
15
Given Kudos: 3
Posts: 176
Kudos: 15
Calling all 2011 CMU- Tepper Applicants 22 Dec 2010, 12:38
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Yes, that's the point...As of 2010, 30% of the CEOs have MBA. As of 2040, 30% of the CEOs will have MBA. Because people who want to get an MBA are not aiming for CEO position anyways and people who have CEO caliber will invest their $100K in opening their busines instead of giving it away for a piece of paper with "MBA" written on it.
User avatar
almostfamous
User avatar
Joined: 16 Oct 2009
Last visit: 21 Mar 2011
Posts: 195
Own Kudos:
129
 [1]
Given Kudos: 8
Concentration: Strategy Consulting
Schools:HEC Paris, , Tepper
Posts: 195
Kudos: 129
 [1]
Calling all 2011 CMU- Tepper Applicants 22 Dec 2010, 18:11
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I think an MBA is a longterm investment. As such, it comes with risks.

While trying to weigh the value of the investment, you might want to ask; what is the worst thing that could happen, if you do an MBA.

I am guessing that for many, the worst scenario is to be unable to find a job after graduation. No one would want to be jobless with a huge student debt. Tepper's latest (Class of 2010) job placement stats are encouraging: the rate of job acceptance after 3 months is87 % (88 for American students and 84 for internationals). Still, everyone and every year are different.

If you can accept the risks, whether it is remaining jobless or remaining at the same salary level, MBA can offer much more than just a prompt promotion or fast track to the chair of CEO; it is an opportunity to network with diverse people, experience the new home town, and make memorable 2 years and beyond.

This may sound luxurious. I agree. Regardless of the program, the capacity of doing MBA is an luxurious option from any standard. That's why the schools search for people who have the greatest potentials to give back to the societies, companies, communities etc., what the students are getting during the next two years.
avatar
sscrewcaptain
avatar
Joined: 12 Oct 2010
Last visit: 29 Jun 2011
Posts: 138
Own Kudos:
2
Given Kudos: 4
Location: NY
Schools:LBS(R1), Stern (R1), Ross (R1), Tepper (R1), Johnson (R1), Fuqua (R1)
WE 1: Management Consulting
WE 2: Management Consulting
Posts: 138
Kudos: 2
Calling all 2011 CMU- Tepper Applicants 22 Dec 2010, 18:37
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Based on the statistics that some of you provided it makes a bad case for MBA. Also pre MBA salary matters; that is why there is a range for salaries for people of the same levels. In large corporations I have been in those bands are very large and have overlap. Further there are wide gaps in salaries for similar positions with in one organization. Just look at the avg post mba salaries by school for similar positions.
Anyway in my tenure at a fortune 15 company I have worked with MBA's and non MBA's and I feel there is definitely a difference in how each group handles challenging situations. This is sort of hands on group/team environment with added problem solving challenges is what makes an MBA appealing, at least to me. Further these sort of principles learned in the MBA curriculum lends itself of course to leadership i.e. eventually moving to an exec level position. Idk just my $.02.
User avatar
shaselai
User avatar
Current Student
Joined: 12 Jun 2009
Last visit: 17 Jun 2019
Posts: 1,673
Own Kudos:
405
Given Kudos: 52
Status:What's your raashee?
Location: United States (NC)
Concentration: Strategy, Finance
Schools: UNC (Kenan-Flagler) - Class of 2013
GMAT 1: 720 Q49 V39
WE:Programming (Computer Software)
Products:
My Reviews
Schools: UNC (Kenan-Flagler) - Class of 2013
GMAT 1: 720 Q49 V39
Posts: 1,673
Kudos: 405
Calling all 2011 CMU- Tepper Applicants 23 Dec 2010, 08:03
Kudos
Add Kudos
Bookmarks
Bookmark this Post
From the companies i worked at - non-mba degree management tend to be old - 40s+. My guess is they climbed one position at a time and with an MBA perhaps a couple of steps can be ignored. For example, we had a PHD student from carnegie (its bit diff but still..) and he was put on this 2 year management track in the company where he gets to go to diff sectors then become manager after - all before he hits 30 (or exactly 30). While we are talking about post mba I can think of a "worst case scenario" - be the 12% who didnt get a job after 3 months. My guess is try to get back to original industry function and climb the ladder there or jump over a title or two. It also depends on the person as well - i bet there's probably too much pride after getting an MBA to take a similar paying job as pre mba. I am also hoping the 87% whatever represents people who got a job and "HAPPY".
avatar
wmcrockett
avatar
Joined: 17 Nov 2009
Last visit: 17 Jun 2011
Posts: 158
Own Kudos:
19
Given Kudos: 8
Schools:Booth R1 (WL), NYU R1 (WL), Kellogg JD/MBA R2, Tepper R2, Ross R2 (admit)
GPA: 3.4
WE 1: Mortgage
Posts: 158
Kudos: 19
Calling all 2011 CMU- Tepper Applicants 23 Dec 2010, 08:09
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Hey guys Congrats to all the admits on this thread.

I apologize if this has already been answered but I couldn't find it skimming through the thread. I'm considering applying R2 but I don't know if I can get a good enough app prepped by then. Tepper has 4 (technically 5) rounds, is there the same disadvantage to applying R3 that there is at most other schools?
User avatar
randompattern
User avatar
Joined: 14 Jul 2010
Last visit: 09 Apr 2012
Posts: 42
Own Kudos:
5
Given Kudos: 5
Schools:CMU Tepper
Posts: 42
Kudos: 5
Calling all 2011 CMU- Tepper Applicants 23 Dec 2010, 08:37
Kudos
Add Kudos
Bookmarks
Bookmark this Post
To all Admitted Students:

Has your request to join the facebook group been accepted yet?
User avatar
randompattern
User avatar
Joined: 14 Jul 2010
Last visit: 09 Apr 2012
Posts: 42
Own Kudos:
5
Given Kudos: 5
Schools:CMU Tepper
Posts: 42
Kudos: 5
Calling all 2011 CMU- Tepper Applicants 23 Dec 2010, 09:05
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I take that back, just got approved
User avatar
almostfamous
User avatar
Joined: 16 Oct 2009
Last visit: 21 Mar 2011
Posts: 195
Own Kudos:
129
Given Kudos: 8
Concentration: Strategy Consulting
Schools:HEC Paris, , Tepper
Posts: 195
Kudos: 129
Calling all 2011 CMU- Tepper Applicants 23 Dec 2010, 18:17
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Happy Holidays, everyone.

Freely admitting that I am taking this opportunity to feel a tiny scoop of normalcy - as people around me rush off to their full holiday rest, I am undeniable feeling the pressure to feel freakish, with my preparing for Round 2 applications throughout the holiday seasons.

wmcrockett,

I am unable to provide a hard fact. However, if I were in your shoes, I would forego Round 3 (and later), focusing all my viable options in the first two rounds.

Two reasons:
-Tepper Round 3 (unlike Haas Round 3, which is in January) is in March, as that of many other schools. Thus, the 3rd round is likely to be perceived as that of other schools both from the adcom and the applicants.
-Tepper is a small program, and it is likely that the majority of the admits Round 1 and Round 2

Best wishes to your app.
avatar
rangerp
avatar
Joined: 12 Nov 2010
Last visit: 22 Mar 2011
Posts: 4
Posts: 4
Kudos: 0
Calling all 2011 CMU- Tepper Applicants 28 Dec 2010, 04:51
Kudos
Add Kudos
Bookmarks
Bookmark this Post
hi all, bit late to the party here. got an admit!
anyone else from Mumbai, India with an admit?
avatar
raulmba
avatar
Joined: 21 Sep 2010
Last visit: 15 Apr 2011
Posts: 54
Concentration: General
Posts: 54
Kudos: 0
Calling all 2011 CMU- Tepper Applicants 28 Dec 2010, 08:29
Kudos
Add Kudos
Bookmarks
Bookmark this Post
rangerp
hi all, bit late to the party here. got an admit!
anyone else from Mumbai, India with an admit?
Show more

Hey many congratulations for an admit..even I am from Mumbai but gonna apply for Jan 3rd deadline..
Hope to make it too !

congrats once again.
User avatar
randompattern
User avatar
Joined: 14 Jul 2010
Last visit: 09 Apr 2012
Posts: 42
Own Kudos:
5
Given Kudos: 5
Schools:CMU Tepper
Posts: 42
Kudos: 5
Calling all 2011 CMU- Tepper Applicants 28 Dec 2010, 09:30
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Does anyone know of the QSRP costs extra?
avatar
Class2012
avatar
Current Student
Joined: 18 Jun 2009
Last visit: 28 Sep 2016
Posts: 367
Own Kudos:
36
Given Kudos: 21
Posts: 367
Kudos: 36
Calling all 2011 CMU- Tepper Applicants 28 Dec 2010, 18:12
Kudos
Add Kudos
Bookmarks
Bookmark this Post
randompattern
Does anyone know of the QSRP costs extra?
Show more

If I remember correctly, we were not charged anything extra this year.
   1  ...  16   17   18   19   20  ...  45   
Moderator:
GMATNinja
GMAT Club Verbal Expert
7391 posts